770 Lake Rd
Miami, FL 33137 · single_family · For Sale · 142 days on market
Asking price$29,500,000
6 beds 7 baths 5,421 sqft
Suggested offer$7,021,725$22,478,275 above the est. market value of $7,021,725.
View on Realtor.com →Listed by Tomas Hoffmann · EXP Realty, LLC
Typesingle_family
Built2026
Price / sqft$5442
Est. value (own analysis)$7,021,725
Rent estimate (own analysis)$27,750/mo
HOA$339/mo
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Statusfor_sale
Listed date2026-04-13
Removed date—
MLSMiamiMLS #A11999662
Coordinates25.82166, -80.17984
Address770 Lake Rd
CityMiami
StateFL
Zip33137
Listing ID6300542758
Sourceus-real-estate-listings, cached 2026-08-30
ZIP market snapshot (33137)
Typical home value (ZHVI)$682,165
Typical rent (ZORI)$3,560/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)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $29,500,000 |
| Down payment (20.0%) | $5,900,000 |
| Loan amount | $23,600,000 |
| Closing costs (5.0%) | $1,475,000 |
| Total cash to close | $7,375,000 |
| Income | |
| Rent (comp-derived) | $27,750$333,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $25,530$306,360 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $46,708$560,500 |
| Insurance (placeholder 0.8% of price) | $19,667$236,000 |
| HOA dues | $339$4,068 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $1,388$16,650 |
| Total operating expenses | $68,102$817,218 |
| Net operating income (NOI) | |
| Debt service & reserves | |
| Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing) | |
| CapEx reserve (5.0% of GSR) | $1,388$16,650 |
| Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%) | $0$0 |
| Cash flow |
Cap rate
Cash-on-cash
DSCR
Rent-to-price (1% rule)
Gross rent multiplier
Operating expense ratio
Break-even occupancy
Comparables
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| single_family | 6 | 7 | 5,712 | $65,000 | 2026-07-01 | — | |
| single_family | 6 | 5 | 4,432 | $29,500 | 2026-06-17 | — | |
| single_family | 6 | 7 | 3,603 | $26,000 | 2026-05-07 | — | |
| single_family | 6 | 7 | 5,125 | $14,000 | 2026-04-27 | — | |
| single_family | 6 | 8 | 5,568 | $58,500 | 2026-04-15 | — | |
| single_family | 6 | 7 | 5,697 | $25,000 | 2024-03-30 | — | |
| single_family | 6 | 5 | 4,200 | $17,000 | 2026-03-31 | — | |
| single_family | 6 | 6 | 5,324 | $30,000 | 2025-10-07 | — |
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.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 790 Lake Rd | single_family | 6 | 8 | 6,361 | $27,250,000 | 2026-07-03 |
| 549 NE 59th St | single_family | 6 | 5 | 4,748 | $6,150,000 | 2026-04-01 |
| 5193408872 | single_family | 6 | 4 | 2,343 | $1,230,000 | 2025-09-29 |
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.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 31 NE 53rd St | single_family | 6 | 2 | 936 | $740,000 | — |
| 3131 NE 7th Ave Unit 4901 | condos | 6 | 7 | 4,549 | $6,000,000 | — |
| 650 NE 32nd St Unit BH2 | condos | 6 | 8 | 6,676 | $4,599,000 | — |
| 55-53 NE 60th St | multi_family | 6 | 6 | 2,884 | $2,000,000 | — |
| 525 NE 58th St | single_family | 6 | 3 | 3,476 | $3,500,000 | — |
| 4241 Palm Ln | single_family | 6 | 7 | 6,334 | $26,000,000 | — |
| 52 NE 47th St | multi_family | 6 | 5 | 2,578 | $2,000,000 | — |
10-year hold projection
IRR-11.3%
Equity multiple-0.93x
Total return (10yr)-$10,370,539
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $30,385,000 | -$510,858 | -$2,347,428 | $23,344,124 | $7,040,877 |
| 2 | $31,296,550 | -$522,098 | -$2,359,083 | $23,070,676 | $8,225,874 |
| 3 | $32,235,447 | -$533,572 | -$2,370,985 | $22,778,450 | $9,456,997 |
| 4 | $33,202,510 | -$545,287 | -$2,383,136 | $22,466,157 | $10,736,353 |
| 5 | $34,198,585 | -$557,245 | -$2,395,543 | $22,132,418 | $12,066,167 |
| 6 | $35,224,543 | -$569,452 | -$2,408,209 | $21,775,761 | $13,448,782 |
| 7 | $36,281,279 | -$581,912 | -$2,421,141 | $21,394,612 | $14,886,667 |
| 8 | $37,369,717 | -$594,631 | -$2,434,342 | $20,987,289 | $16,382,428 |
| 9 | $38,490,809 | -$607,613 | -$2,447,819 | $20,551,995 | $17,938,814 |
| 10 | $39,645,533 | -$620,863 | -$2,461,576 | $20,086,809 | $19,558,724 |
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.