8600 SW 67th Ave Apt 944

Pinecrest, FL 33156 · townhomes · For Sale · 4 days on market
Asking price$390,000
2 beds 3 baths 960 sqft
Suggested offer$337,459$52,541 above the est. market value of $337,459.
View on Realtor.com →
Listed by Luft Realty · Luft Realty
Typetownhomes
Built1966
Price / sqft$406
Est. value (own analysis)$337,459
Rent estimate (own analysis)$2,850/mo
HOA$798/mo
Wind10/10Extreme$Heat10/10ExtremeFlood8/10severe$Air2/10MinorWildfire1/10Minimal
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Neighborhood

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Statusfor_sale
Listed date2026-08-29
Removed date
MLSMiamiMLS #A12078989
Coordinates25.69042, -80.30294
Address8600 SW 67th Ave Apt 944
CityPinecrest
StateFL
Zip33156
Listing ID6217269026
Sourceus-real-estate-listings, cached 2026-08-31

ZIP market snapshot (33156)

Typical home value (ZHVI)$1,543,591
Typical rent (ZORI)$2,706/mo
Zillow Research's ZHVI (home value index) and ZORI (rent index) for this ZIP, as of 2026-07 — free published data, refreshed monthly, no RentCast quota spent. "Typical value/rent" is a smoothed index, not a literal median of active listings.

Underwriting (buy-and-hold, default assumptions)

Purchase price$390,000
Down payment (20.0%)$78,000
Loan amount$312,000
Closing costs (5.0%)$19,500
Total cash to close$97,500
Rent (comp-derived)$2,850$34,200
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$34,200
Vacancy rate (assumption) assumption8.0%

$34,200 × 8.0% = $2,736

Effective gross income$2,622$31,464
Property tax (placeholder 1.9% of price)$618$7,410
Insurance (est. scaled by flood & wind risk)$507$6,084
HOA dues$798$9,576
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$143$1,710
Total operating expenses$2,065$24,780
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$31,464
Total operating expenses derived$24,780

$31,464 − $24,780 = $6,684

Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing)

Monthly Principal & Interest

Standard amortization on the loan amount, at the effective rate and term

Loan amount derived$312,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$312,000 amortized at 6.7% over 30 years = $2,005/mo

CapEx reserve (5.0% of GSR)$143$1,710
Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%)$0$0
Cash flow

Monthly Cash Flow

(NOI − Annual Debt Service − Annual CapEx Reserve − Annual PMI) ÷ 12

NOI derived$6,684
Annual debt service derived$24,060
Annual CapEx reserve assumption$1,710
Annual PMI assumption$0

($6,684 − $24,060 − $1,710 − $0) ÷ 12 = -$1,591

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$6,684
Purchase price data$390,000

$6,684 ÷ $390,000 = 1.7%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$19,086
Total cash to close derived$97,500

-$19,086 ÷ $97,500 = -19.6%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$6,684
Annual debt service derived$24,060

$6,684 ÷ $24,060 = 0.28

Rent-to-price (1% rule)

Rent-to-Price (the "1% rule")

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$34,200
Purchase price data$390,000

($34,200 ÷ 12) ÷ $390,000 = 0.7%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$390,000
Gross scheduled rent (annual) comp$34,200

$390,000 ÷ $34,200 = 11.4

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$24,780
Effective gross income derived$31,464

$24,780 ÷ $31,464 = 78.8%

Break-even occupancy

Break-Even Occupancy

(Total OpEx + Annual Debt Service + Annual PMI) ÷ Gross Scheduled Rent

Total operating expenses derived$24,780
Annual debt service derived$24,060
Annual PMI assumption$0
Gross scheduled rent (annual) comp$34,200

($24,780 + $24,060 + $0) ÷ $34,200 = 142.8%

Comparables

Same ZIP. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
townhomes221,152$2,9002026-08-18
townhomes231,152$2,8502026-08-13
townhomes221,152$2,7002026-08-13
townhomes221,160$2,6002026-06-08
townhomes231,152$2,9502026-05-26
townhomes22915$3,050
townhomes22970$2,5002026-04-10

10196 SW 77th Ct Unit 10196

Miami, 33156 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,152
Listed2026-08-18
Days on market

Asking rent: $2,900

View on Zillow →

10093 SW 77th Ct Unit 10093

Miami, 33156 · rent comp

Bedrooms / bathrooms2 bd / 3 ba
Square footage1,152
Listed2026-08-13
Days on market

Asking rent: $2,850

View on Zillow →

10005 SW 77th Ct

Miami, 33156 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,152
Listed2026-08-13
Days on market

Asking rent: $2,700

View on Zillow →

10068 SW 77th Court Cv Unit Dadeland

Miami, 33156 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,160
Listed2026-06-08
Days on market

Asking rent: $2,600

View on Zillow →

7796 SW 102nd Ln Unit 7796

Miami, 33156 · rent comp

Bedrooms / bathrooms2 bd / 3 ba
Square footage1,152
Listed2026-05-26
Days on market

Asking rent: $2,950

View on Zillow →

7749 SW 100th St # 33

Miami, 33156 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage915
Listed
Days on market

Asking rent: $3,050

View on Zillow →

10029 SW 77th Ct Unit 0

Miami, 33156 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage970
Listed2026-04-10
Days on market

Asking rent: $2,500

View on Zillow →

Same ZIP & bedroom count. Closed sales from Realtor.com over the last 12 months, matched to this property's type — real transaction prices, not asking prices. Falls back to Miami-Dade County public records (property appraiser tax roll) when Realtor.com has no sales on file for the area.

AddressTypeBedsBathsLiving sqftSale priceSale date
10035 SW 77th Cttownhomes221,152$390,0002026-08-14
7812 SW 102nd Lntownhomes221,152$419,9002026-07-10
10206 SW 77th Cttownhomes211,152$420,0002026-07-08
10170 SW 77th Cttownhomes221,152$385,0002026-06-01
10053 SW 77th Cttownhomes231,152$480,0002026-05-13
7820 SW 102nd Lntownhomes221,152$385,0002026-04-29

Same ZIP. Other properties currently for sale nearby — asking prices, not closed sale prices. Not a price comp; see Sold comps for actual transaction history.

AddressTypeBedsBathsSqftAsking priceDays on market
7355 SW 89th St Apt 501Ncondos221,168$420,000
9055 SW 73rd Ct Apt 2007condos221,150$449,000
7762 SW 99th Stcondos22915$470,000
7803 SW 102nd Lntownhomes221,152$490,999
8475 SW 94th St Apt 224Econdos21866$269,900
7355 SW 89th St Apt 427Ncondos211,066$400,000
9066 SW 73rd Ct Apt 1007condos221,150$449,900
9066 SW 73rd Ct Apt 1509condos221,467$549,900

10-year hold projection

IRR-2.9%
Equity multiple0.52x
Total return (10yr)$3,896
YearProperty valueNOICash flowLoan balanceEquity
1$401,700$6,684-$19,086$308,617$93,083
2$413,751$7,008-$18,804$305,002$108,749
3$426,164$7,346-$18,511$301,139$125,025
4$438,948$7,696-$18,205$297,010$141,938
5$452,117$8,061-$17,887$292,598$159,519
6$465,680$8,439-$17,556$287,883$177,798
7$479,651$8,832-$17,211$282,844$196,807
8$494,040$9,241-$16,852$277,459$216,582
9$508,862$9,666-$16,478$271,704$237,158
10$524,127$10,107-$16,089$265,554$258,574
Assumes 3.0% annual rent growth, 2.5% expense growth, 3.0% appreciation, and a 6.0% selling cost at exit — all placeholder assumptions, not market-derived.
All figures are estimates for evaluation purposes only, not investment, tax, legal, or insurance advice. Property tax is estimated from a real matched tax bill or millage rate when available, a placeholder % of price otherwise; insurance is scaled by flood and wind risk where those are known and a flat percentage otherwise — never a real quote. Verify all of them, along with association restrictions and permit status, before committing capital. Rent estimates come from real comps or Zillow’s ZIP index, not appraisals.