15331 Turnbull Dr

Miami Lakes, FL 33014 · single_family · For Sale · 120 days on market
Asking price$1,175,000
4 beds 3 baths 1,936 sqft
Suggested offer$781,118$393,882 above the est. market value of $781,118.
View on Realtor.com →
Listed by Allan Gonzalez · First Way Realty Services Inc
Typesingle_family
Built1977
Price / sqft$607
Est. value (own analysis)$781,118
Rent estimate (own analysis)$4,200/mo
HOANone
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Neighborhood

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Statusfor_sale
Listed date2026-05-05
Removed date
MLSMiamiMLS #A12013287
Coordinates25.91283, -80.30283
Address15331 Turnbull Dr
CityMiami Lakes
StateFL
Zip33014
Listing ID6237226087
Sourceus-real-estate-listings, cached 2026-08-28

ZIP market snapshot (33014)

Typical home value (ZHVI)$442,718
Typical rent (ZORI)$2,327/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$1,175,000
Down payment (20.0%)$235,000
Loan amount$940,000
Closing costs (5.0%)$58,750
Total cash to close$293,750
Rent (comp-derived)$4,200$50,400
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$50,400
Vacancy rate (assumption) assumption8.0%

$50,400 × 8.0% = $4,032

Effective gross income$3,864$46,368
Property tax (placeholder 1.9% of price)$1,860$22,325
Insurance (placeholder 0.8% of price)$783$9,400
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$210$2,520
Total operating expenses$2,854$34,245
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$46,368
Total operating expenses derived$34,245

$46,368 − $34,245 = $12,123

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$940,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$940,000 amortized at 6.7% over 30 years = $6,041/mo

CapEx reserve (5.0% of GSR)$210$2,520
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$12,123
Annual debt service derived$72,488
Annual CapEx reserve assumption$2,520
Annual PMI assumption$0

($12,123 − $72,488 − $2,520 − $0) ÷ 12 = -$5,240

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$12,123
Purchase price data$1,175,000

$12,123 ÷ $1,175,000 = 1.0%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$62,885
Total cash to close derived$293,750

-$62,885 ÷ $293,750 = -21.4%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$12,123
Annual debt service derived$72,488

$12,123 ÷ $72,488 = 0.17

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$50,400
Purchase price data$1,175,000

($50,400 ÷ 12) ÷ $1,175,000 = 0.4%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$1,175,000
Gross scheduled rent (annual) comp$50,400

$1,175,000 ÷ $50,400 = 23.3

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$34,245
Effective gross income derived$46,368

$34,245 ÷ $46,368 = 73.9%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$34,245
Annual debt service derived$72,488
Annual PMI assumption$0
Gross scheduled rent (annual) comp$50,400

($34,245 + $72,488 + $0) ÷ $50,400 = 211.8%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family422,120$5,2002026-08-27
single_family431,916$4,2002026-05-05
single_family431,910$3,400

15330 Durnford Dr

Miami Lakes, 33014 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage2,120
Listed2026-08-27
Days on market

Asking rent: $5,200

View on Zillow →

7599 W 4th Ct Unit 0

Hialeah, 33014 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,916
Listed2026-05-05
Days on market

Asking rent: $4,200

View on Zillow →

890 W 81st Pl

Hialeah, 33014 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,910
Listed
Days on market

Asking rent: $3,400

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
7290 W 14th Ctsingle_family421,682$685,0002026-08-28
7701 W 16th Ctsingle_family431,791$745,0002026-08-28
7835 W 16th Ctsingle_family431,905$750,0002026-08-13
7200 W 12th Avesingle_family431,325$890,0002026-08-05
6726 Orchid Drsingle_family422,100$950,0002026-07-28
1158 W 70th Plsingle_family421,554$675,0002026-07-16
6901 Loch Ness Drsingle_family421,957$618,0002026-07-13
8064 W 14th Avesingle_family421,701$750,0002026-07-10
655 W 70th Plsingle_family422,198$690,0002026-06-09
15800 Kingsmoor Waysingle_family443,834$1,200,0002026-05-22
14435 Tabebuia Lnsingle_family421,575$760,0002026-05-22
7600 W 12th Avesingle_family421,745$643,0002026-05-13
6320 Pent Plsingle_family432,406$950,0002026-04-28
747 W 78th Stsingle_family443,190$930,0002026-04-27
8075 W 18th Lnsingle_family431,571$750,0002026-04-13
8065 W 14th Ctsingle_family432,003$799,0002026-03-26
7877 W 16th Avesingle_family431,346$695,0002026-03-23
6950 W 10th Avesingle_family421,995$737,5002026-03-20
1300 W 77th Stsingle_family421,638$705,0002026-03-16
690 W 74th Plsingle_family443,470$163,0002026-01-30
1150 W 69th Plsingle_family432,078$610,0002026-01-16
7770 W 8th Avesingle_family421,161$480,0002025-12-19
16511 Stonehaven Rdsingle_family432,094$1,200,0002025-11-24
6975 W 10th Ctsingle_family421,860$720,0002025-11-05
14181 Leaning Pine Drsingle_family421,864$745,0002025-10-22
16111 W Troon Cirsingle_family443,611$2,075,0002025-09-05

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
14412 Rosewood Rdsingle_family432,845$1,500,000
15331 Durnford Drsingle_family431,974$990,000
14821 Palmetto Palm Avesingle_family422,221$998,000
7101 E Troon Cirsingle_family443,043$1,925,500
16241 W Troon Cirsingle_family434,164$2,150,000
7961 W 6th Avesingle_family422,120$750,000
790 W 73rd Plsingle_family431,912$679,000
884 W 72nd Plsingle_family431,560$795,999

10-year hold projection

IRR-4.4%
Equity multiple0.27x
Total return (10yr)-$61,185
YearProperty valueNOICash flowLoan balanceEquity
1$1,210,250$12,123-$62,885$929,808$280,442
2$1,246,558$12,658-$62,413$918,917$327,641
3$1,283,954$13,213-$61,923$907,277$376,677
4$1,322,473$13,789-$61,413$894,839$427,634
5$1,362,147$14,388-$60,882$881,546$480,601
6$1,403,011$15,008-$60,331$867,340$535,671
7$1,445,102$15,652-$59,759$852,159$592,943
8$1,488,455$16,320-$59,164$835,935$652,520
9$1,533,108$17,013-$58,545$818,597$714,512
10$1,579,102$17,732-$57,903$800,068$779,033
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.