15771 SW 137th Ave Apt 201

Miami, FL 33177 · condos · For Sale · 12 days on market
Asking price$329,900
3 beds 2 baths 1,120 sqft
View on Realtor.com →
Listed by Ady Danton · RE/MAX Advance Realty II
Typecondos
Built2000
Price / sqft$295
Est. value (Zillow ZIP avg)$574,510
Rent estimate (own analysis)$2,936/mo
HOA$385/mo
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-08-21
Removed date
MLSMiamiMLS #A12075178
Coordinates25.62029, -80.41400
Address15771 SW 137th Ave Apt 201
CityMiami
StateFL
Zip33177
Listing ID6403897052
Sourceus-real-estate-listings, cached 2026-09-01

ZIP market snapshot (33177)

Typical home value (ZHVI)$574,510
Typical rent (ZORI)$2,784/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$329,900
Down payment (20.0%)$65,980
Loan amount$263,920
Closing costs (5.0%)$16,495
Total cash to close$82,475
Rent (comp-derived)$2,936$35,232
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$35,232
Vacancy rate (assumption) assumption8.0%

$35,232 × 8.0% = $2,819

Effective gross income$2,701$32,413
Property tax (placeholder 1.9% of price)$522$6,268
Insurance (placeholder 0.8% of price)$220$2,639
HOA dues$385$4,620
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$147$1,762
Total operating expenses$1,274$15,289
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$32,413
Total operating expenses derived$15,289

$32,413 − $15,289 = $17,125

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$263,920
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$263,920 amortized at 6.7% over 30 years = $1,696/mo

CapEx reserve (5.0% of GSR)$147$1,762
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$17,125
Annual debt service derived$20,352
Annual CapEx reserve assumption$1,762
Annual PMI assumption$0

($17,125 − $20,352 − $1,762 − $0) ÷ 12 = -$416

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$17,125
Purchase price data$329,900

$17,125 ÷ $329,900 = 5.2%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$4,989
Total cash to close derived$82,475

-$4,989 ÷ $82,475 = -6.0%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$17,125
Annual debt service derived$20,352

$17,125 ÷ $20,352 = 0.84

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$35,232
Purchase price data$329,900

($35,232 ÷ 12) ÷ $329,900 = 0.9%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$329,900
Gross scheduled rent (annual) comp$35,232

$329,900 ÷ $35,232 = 9.4

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$15,289
Effective gross income derived$32,413

$15,289 ÷ $32,413 = 47.2%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$15,289
Annual debt service derived$20,352
Annual PMI assumption$0
Gross scheduled rent (annual) comp$35,232

($15,289 + $20,352 + $0) ÷ $35,232 = 101.2%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
condos321,120$2,5002026-08-18
apartment321,110$2,8002026-08-11
apartment321,200$2,7002026-08-11
apartment321,200$2,7002026-08-11
condos321,120$2,4002026-07-15
condos321,182$2,9502026-07-09
condos321,120$2,3002026-07-08
condos321,120$2,5002026-06-16
condos321,130$2,6002026-06-10
condos321,171$2,7002026-05-14
condos321,120$2,4802026-05-13
apartment321,200$2,8002026-07-29
apartment321,266$2,904
apartment321,266$2,904
apartment321,371$2,961
apartment321,371$3,021
apartment321,270$3,187
apartment321,270$3,187
apartment321,266$2,939
apartment321,266$2,964
apartment321,266$2,939
apartment321,371$2,961
apartment321,371$2,936
apartment321,371$3,011
apartment321,371$2,936
apartment321,266$2,872
apartment321,266$2,882
apartment321,371$3,182
apartment321,270$3,177
apartment321,270$3,177
apartment321,270$3,187
apartment321,270$3,529
apartment321,370$3,5502026-09-02

15761 SW 137th Ave Apt 202

Miami, 33177 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,120
Listed2026-08-18
Days on market

Asking rent: $2,500

View on Zillow →

11982 SW 213th St Unit 11982

Miami, 33177 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,110
Listed2026-08-11
Days on market

Asking rent: $2,800

View on Zillow →

12040 SW 214th Ter Unit 2

Miami, 33177 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,200
Listed2026-08-11
Days on market

Asking rent: $2,700

View on Zillow →

12040 SW 214th Ter Unit 1

Miami, 33177 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,200
Listed2026-08-11
Days on market

Asking rent: $2,700

View on Zillow →

15721 SW 137th Ave Apt 204

Miami, 33177 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,120
Listed2026-07-15
Days on market

Asking rent: $2,400

View on Zillow →

12266 SW 215th Ter Unit 1

Miami, 33177 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,182
Listed2026-07-09
Days on market

Asking rent: $2,950

View on Zillow →

15741 SW 137th Ave Apt 204

Miami, 33177 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,120
Listed2026-07-08
Days on market

Asking rent: $2,300

View on Zillow →

15711 SW 137th Ave Apt 101

Miami, 33177 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,120
Listed2026-06-16
Days on market

Asking rent: $2,500

View on Zillow →

13318 SW 152nd St Apt 3202

Miami, 33177 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,130
Listed2026-06-10
Days on market

Asking rent: $2,600

View on Zillow →

15257 SW 138th Ct

Miami, 33177 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,171
Listed2026-05-14
Days on market

Asking rent: $2,700

View on Zillow →

15721 SW 137th Ave Apt 202

Miami, 33177 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,120
Listed2026-05-13
Days on market

Asking rent: $2,480

View on Zillow →

12040 SW 214th Ter

Miami, 33177 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,200
Listed2026-07-29
Days on market

Asking rent: $2,800

View on Zillow →

16824 SW 137th Ave # 10-1027

Miami, 33177 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,266
Listed
Days on market

Asking rent: $2,904

View on Zillow →

16824 SW 137th Ave # 3-327

Miami, 33177 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,266
Listed
Days on market

Asking rent: $2,904

View on Zillow →

16480 SW 137th Ave # 821

Miami, 33177 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,371
Listed
Days on market

Asking rent: $2,961

View on Zillow →

16480 SW 137th Ave # 1118

Miami, 33177 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,371
Listed
Days on market

Asking rent: $3,021

View on Zillow →

15520 SW 127th Ave # 08-303

Miami, 33177 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,270
Listed
Days on market

Asking rent: $3,187

View on Zillow →

15520 SW 127th Ave # 08-201

Miami, 33177 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,270
Listed
Days on market

Asking rent: $3,187

View on Zillow →

16824 SW 137th Ave # 3-321

Miami, 33177 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,266
Listed
Days on market

Asking rent: $2,939

View on Zillow →

16824 SW 137th Ave # 10-1008

Miami, 33177 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,266
Listed
Days on market

Asking rent: $2,964

View on Zillow →

16824 SW 137th Ave # 10-1028

Miami, 33177 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,266
Listed
Days on market

Asking rent: $2,939

View on Zillow →

16480 SW 137th Ave # 1127

Miami, 33177 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,371
Listed
Days on market

Asking rent: $2,961

View on Zillow →

16480 SW 137th Ave # 1227

Miami, 33177 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,371
Listed
Days on market

Asking rent: $2,936

View on Zillow →

16480 SW 137th Ave # 822

Miami, 33177 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,371
Listed
Days on market

Asking rent: $3,011

View on Zillow →

16480 SW 137th Ave # 1137

Miami, 33177 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,371
Listed
Days on market

Asking rent: $2,936

View on Zillow →

16824 SW 137th Ave # 12-1221

Miami, 33177 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,266
Listed
Days on market

Asking rent: $2,872

View on Zillow →

16824 SW 137th Ave # 10-1038

Miami, 33177 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,266
Listed
Days on market

Asking rent: $2,882

View on Zillow →

16480 SW 137th Ave # 1111

Miami, 33177 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,371
Listed
Days on market

Asking rent: $3,182

View on Zillow →

15520 SW 127th Ave # 17-202

Miami, 33177 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,270
Listed
Days on market

Asking rent: $3,177

View on Zillow →

15520 SW 127th Ave # 17-308

Miami, 33177 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,270
Listed
Days on market

Asking rent: $3,177

View on Zillow →

15520 SW 127th Ave # 08-301

Miami, 33177 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,270
Listed
Days on market

Asking rent: $3,187

View on Zillow →

15520 SW 127th Ave # 08-302

Miami, 33177 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,270
Listed
Days on market

Asking rent: $3,529

View on Zillow →

19428 SW 125th Ave Unit C

Miami, 33177 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,370
Listed2026-09-02
Days on market

Asking rent: $3,550

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.

No recent recorded sales cached yet for this ZIP.

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
13931 SW 156th Tersingle_family321,536$720,000
19100 SW 132nd Plsingle_family332,137$899,999
19422 SW 119th Ctsingle_family321,705$1,018,000
17184 SW 138th Cttownhomes321,380$450,000
21483 SW 132nd Plsingle_family331,959$765,000
12382 SW 213th Tersingle_family321,539$649,000
13763 SW 160th Stsingle_family331,440$435,000
single_family321,420$619,000

10-year hold projection

IRR6.6%
Equity multiple2.05x
Total return (10yr)$129,784
YearProperty valueNOICash flowLoan balanceEquity
1$339,797$17,125-$4,989$261,059$78,738
2$349,991$17,715-$4,443$258,001$91,990
3$360,491$18,325-$3,879$254,733$105,758
4$371,305$18,955-$3,295$251,240$120,065
5$382,445$19,606-$2,691$247,508$134,936
6$393,918$20,278-$2,067$243,520$150,398
7$405,735$20,973-$1,422$239,257$166,478
8$417,907$21,691-$755$234,702$183,205
9$430,445$22,432-$66$229,834$200,610
10$443,358$23,198$646$224,632$218,726
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.