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9401 SW 97th Ave

Miami, FL 33176 · single_family · Pending — under contract · 205 days on market
Asking price$1,800,000
9 beds 4 baths 4,218 sqft
View on Realtor.com →
Listed by Mario Avalos · K & A Realty
Typesingle_family
Built1953
Price / sqft$427
Est. value (own analysis)$2,037,969
Rent estimate (Zillow ZIP avg)$2,301/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood3/10moderate$Air2/10MinorWildfire1/10Minimal
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Street view
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-02-09
Removed date—
MLSMiamiMLS #A11961822
Coordinates25.68173, -80.35114
Address9401 SW 97th Ave
CityMiami
StateFL
Zip33176
Listing ID6407904502
Sourceus-real-estate-listings, cached 2026-09-01

ZIP market snapshot (33176)

Typical home value (ZHVI)$630,508
Typical rent (ZORI)$2,301/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$1,800,000
Down payment (20.0%)$360,000
Loan amount$1,440,000
Closing costs (5.0%)$90,000
Total cash to close$450,000
Income
Rent (ZIP avg, ZORI — not bedroom-specific)$2,301$27,609
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$27,609
Vacancy rate (assumption) assumption8.0%

$27,609 × 8.0% = $2,209

Effective gross income$2,117$25,401
Operating expenses
Property tax (placeholder 1.9% of price)$2,850$34,200
Insurance (est. scaled by flood & wind risk)$1,920$23,040
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$115$1,380
Total operating expenses$4,885$58,620
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$25,401
Total operating expenses derived$58,620

$25,401 − $58,620 = -$33,220

Debt service & reserves
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$1,440,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$1,440,000 amortized at 6.7% over 30 years = $9,254/mo

CapEx reserve (5.0% of GSR)$115$1,380
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-$33,220
Annual debt service derived$111,046
Annual CapEx reserve assumption$1,380
Annual PMI assumption$0

(-$33,220 − $111,046 − $1,380 − $0) ÷ 12 = -$12,137

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived-$33,220
Purchase price data$1,800,000

-$33,220 ÷ $1,800,000 = -1.8%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$145,646
Total cash to close derived$450,000

-$145,646 ÷ $450,000 = -32.4%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived-$33,220
Annual debt service derived$111,046

-$33,220 ÷ $111,046 = -0.30

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$27,609
Purchase price data$1,800,000

($27,609 ÷ 12) ÷ $1,800,000 = 0.1%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$1,800,000
Gross scheduled rent (annual) comp$27,609

$1,800,000 ÷ $27,609 = 65.2

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$58,620
Effective gross income derived$25,401

$58,620 ÷ $25,401 = 230.8%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$58,620
Annual debt service derived$111,046
Annual PMI assumption$0
Gross scheduled rent (annual) comp$27,609

($58,620 + $111,046 + $0) ÷ $27,609 = 614.5%

Comparables

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

No active rental listings cached yet for this bedroom count.

Widened to any bedroom count in ZIP. 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
11430 SW 101 TERSINGLE FAMILY : 1 UNIT433,270$1,100,0002026-06-10
9220 SW 100 AVENUE RDSINGLE FAMILY : 1 UNIT321,834$880,0002026-06-09
10204 SW 96 CTSINGLE FAMILY : 1 UNIT433,633$1,640,0002026-06-08
10500 SW 93 STSINGLE FAMILY : 1 UNIT322,053$203,7002026-06-02
11301 SW 108 AVESINGLE FAMILY : 1 UNIT321,300$700,0002026-05-29
11905 SW 107 AVESINGLE FAMILY : 1 UNIT422,132$900,0002026-05-29
9511 SW 93 STSINGLE FAMILY : 1 UNIT422,455$1,625,0002026-05-26
10325 SW 102 CTSINGLE FAMILY : 1 UNIT321,592$890,0002026-05-26
9490 SW 117 TERSINGLE FAMILY : 1 UNIT321,750$1,580,0002026-05-26
11611 SW 106 TERSINGLE FAMILY : CLUSTER HOME321,758$875,0002026-05-20
11705 SW 97 CTSINGLE FAMILY : 1 UNIT321,595$920,0002026-05-18
9700 KENDALE BLVDSINGLE FAMILY : 1 UNIT321,509$810,0002026-04-30
10020 SW 102 AVENUE RDSINGLE FAMILY : 1 UNIT422,303$940,0002026-04-29
10364 SW 117 STSINGLE FAMILY : 1 UNIT421,972$975,0002026-04-24
10900 SW 90 AVESINGLE FAMILY : 1 UNIT322,836$1,750,0002026-04-22
9600 SW 103 STSINGLE FAMILY : 1 UNIT533,529$2,050,0002026-04-16
9400 SW 100 AVENUE RDSINGLE FAMILY : 1 UNIT422,195$845,0002026-04-16
9940 SW 97 CTSINGLE FAMILY : 1 UNIT421,777$860,0002026-04-14
10901 SW 116 STSINGLE FAMILY : 1 UNIT321,316$875,0002026-04-10
10525 SW 112 STSINGLE FAMILY : 1 UNIT321,509$1,025,0002026-04-09
9260 SW 101 STSINGLE FAMILY : 1 UNIT535,116$2,350,0002026-04-02
9760 SW 119 STSINGLE FAMILY : 1 UNIT321,901$1,250,0002026-04-02
10375 SW 111 STSINGLE FAMILY : 1 UNIT323,180$975,0002026-03-30
8800 SW 118 STSINGLE FAMILY : 1 UNIT535,297$1,394,4002026-03-27
9066 SW 112 CTSINGLE FAMILY : CLUSTER HOME431,952$705,0002026-03-26
11835 SW 91 AVESINGLE FAMILY : 1 UNIT533,126$2,350,0002026-03-24
9361 SW 102 CTSINGLE FAMILY : 1 UNIT322,024$1,050,0002026-03-23
10485 SW 109 STSINGLE FAMILY : 1 UNIT422,406$975,0002026-03-16
10575 SW 102 STSINGLE FAMILY : 1 UNIT321,592$535,2002026-03-10
8820 SW 104 STSINGLE FAMILY : 1 UNIT776,000$2,600,0002026-03-05
11550 SW 108 CTSINGLE FAMILY : 1 UNIT321,662$715,0002026-03-05
10901 SW 116 AVESINGLE FAMILY : CLUSTER HOME432,112$905,0002026-02-25
9925 SW 97 PLSINGLE FAMILY : 1 UNIT321,603$753,0002026-02-24
9339 SW 98 PLSINGLE FAMILY : 1 UNIT422,058$1,055,0002026-02-23
10361 SW 119 STSINGLE FAMILY : 1 UNIT421,972$1,120,0002026-02-23
11000 SW 116 STSINGLE FAMILY : 1 UNIT311,352$797,0002026-02-20
11624 SW 93 STSINGLE FAMILY : 1 UNIT422,090$1,075,0002026-02-17
9660 SW 105 AVESINGLE FAMILY : 1 UNIT421,785$861,0002026-02-12
11471 SW 105 TERSINGLE FAMILY : CLUSTER HOME432,114$940,0002026-02-12
10255 SW 96 TERSINGLE FAMILY : 1 UNIT321,834$1,125,0002026-02-09
9130 SW 101 AVESINGLE FAMILY : 1 UNIT321,663$720,0002026-02-06
9450 SW 98 STSINGLE FAMILY : 1 UNIT444,338$4,100,0002026-01-30
10311 SW 89 STSINGLE FAMILY : 1 UNIT323,295$1,250,0002026-01-30
10320 SW 91 STSINGLE FAMILY : 1 UNIT321,566$1,000,0002026-01-30
11341 SW 93 STSINGLE FAMILY : 1 UNIT321,508$1,350,0002026-01-30
11461 SW 93 STSINGLE FAMILY : ADDITIONAL LIVING QUARTERS1196,824$2,200,0002026-01-23
10440 SW 110 STSINGLE FAMILY : 1 UNIT422,042$945,0002026-01-12
9470 SW 97 STSINGLE FAMILY : 1 UNIT534,947$2,200,0002026-01-09
11220 SW 99 CTSINGLE FAMILY : 1 UNIT421,973$1,050,0002025-12-30
10001 SW 99 AVESINGLE FAMILY : 1 UNIT421,982$794,3002025-12-23

Widened to city-wide. 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
1313 SW 24th Avesingle_family965,008$1,500,000—
1736 SW 9th Stmulti_family943,849$1,795,000—
1725 S Bayshore Drsingle_family91410,864$24,500,000—

10-year hold projection

IRR-11.6%
Equity multiple-0.98x
Total return (10yr)-$658,068
YearProperty valueNOICash flowLoan balanceEquity
1$1,854,000-$33,220-$145,646$1,424,387$429,613
2$1,909,620-$33,923-$146,384$1,407,702$501,918
3$1,966,909-$34,641-$147,137$1,389,871$577,037
4$2,025,916-$35,372-$147,904$1,370,816$655,100
5$2,086,693-$36,117-$148,687$1,350,452$736,241
6$2,149,294-$36,877-$149,485$1,328,690$820,604
7$2,213,773-$37,652-$150,299$1,305,434$908,339
8$2,280,186-$38,442-$151,129$1,280,580$999,606
9$2,348,592-$39,246-$151,974$1,254,020$1,094,572
10$2,419,049-$40,067-$152,837$1,225,635$1,193,414
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.