6415 SW 83rd St

Miami, FL 33143 · single_family · For Sale · 54 days on market
Asking price$5,250,000
5 beds 6 baths 5,105 sqft
Suggested offer$4,787,911$462,089 above the est. market value of $4,787,911.
View on Realtor.com →
Listed by Daniel Martinez · Coldwell Banker Realty
Typesingle_family
Built2026
Price / sqft$1028
Est. value (own analysis)$4,787,911
Rent estimate (own analysis)$22,000/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood7/10severe$Air2/10MinorWildfire1/10Minimal
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Neighborhood

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Statusfor_sale
Listed date2026-07-10
Removed date
MLSMiamiMLS #A12050815
Coordinates25.69406, -80.29746
Address6415 SW 83rd St
CityMiami
StateFL
Zip33143
Listing ID6432325065
Sourceus-real-estate-listings, cached 2026-08-31

ZIP market snapshot (33143)

Typical home value (ZHVI)$957,553
Typical rent (ZORI)$2,761/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$5,250,000
Down payment (20.0%)$1,050,000
Loan amount$4,200,000
Closing costs (5.0%)$262,500
Total cash to close$1,312,500
Rent (comp-derived)$22,000$264,000
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$264,000
Vacancy rate (assumption) assumption8.0%

$264,000 × 8.0% = $21,120

Effective gross income$20,240$242,880
Property tax (placeholder 1.9% of price)$8,313$99,750
Insurance (est. scaled by flood & wind risk)$6,825$81,900
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$1,100$13,200
Total operating expenses$16,238$194,850
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$242,880
Total operating expenses derived$194,850

$242,880 − $194,850 = $48,030

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$4,200,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$4,200,000 amortized at 6.7% over 30 years = $26,990/mo

CapEx reserve (5.0% of GSR)$1,100$13,200
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$48,030
Annual debt service derived$323,884
Annual CapEx reserve assumption$13,200
Annual PMI assumption$0

($48,030 − $323,884 − $13,200 − $0) ÷ 12 = -$24,088

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$48,030
Purchase price data$5,250,000

$48,030 ÷ $5,250,000 = 0.9%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$289,054
Total cash to close derived$1,312,500

-$289,054 ÷ $1,312,500 = -22.0%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$48,030
Annual debt service derived$323,884

$48,030 ÷ $323,884 = 0.15

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$264,000
Purchase price data$5,250,000

($264,000 ÷ 12) ÷ $5,250,000 = 0.4%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$5,250,000
Gross scheduled rent (annual) comp$264,000

$5,250,000 ÷ $264,000 = 19.9

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$194,850
Effective gross income derived$242,880

$194,850 ÷ $242,880 = 80.2%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$194,850
Annual debt service derived$323,884
Annual PMI assumption$0
Gross scheduled rent (annual) comp$264,000

($194,850 + $323,884 + $0) ÷ $264,000 = 196.5%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family573,782$19,0002026-07-23
single_family543,518$13,9502026-06-17
single_family553,696$8,2502026-06-05
single_family544,269$14,0002026-06-05
single_family574,820$30,0002026-08-03
single_family586,184$35,0002026-06-05
single_family564,486$31,5002026-08-05
single_family554,735$33,0002026-01-05
single_family543,729$25,0002026-05-15
single_family543,483$15,000

5000 SW 73rd Ter

Miami, 33143 · rent comp

Bedrooms / bathrooms5 bd / 7 ba
Square footage3,782
Listed2026-07-23
Days on market

Asking rent: $19,000

View on Zillow →

7300 SW 77th Ave

Miami, 33143 · rent comp

Bedrooms / bathrooms5 bd / 4 ba
Square footage3,518
Listed2026-06-17
Days on market

Asking rent: $13,950

View on Zillow →

7705 SW 66th St Unit 0

Miami, 33143 · rent comp

Bedrooms / bathrooms5 bd / 5 ba
Square footage3,696
Listed2026-06-05
Days on market

Asking rent: $8,250

View on Zillow →

6340 SW 80th St

Miami, 33143 · rent comp

Bedrooms / bathrooms5 bd / 4 ba
Square footage4,269
Listed2026-06-05
Days on market

Asking rent: $14,000

View on Zillow →

184 Paloma Dr

Coral Gables, 33143 · rent comp

Bedrooms / bathrooms5 bd / 7 ba
Square footage4,820
Listed2026-08-03
Days on market

Asking rent: $30,000

View on Zillow →

112 Paloma Dr

Coral Gables, 33143 · rent comp

Bedrooms / bathrooms5 bd / 8 ba
Square footage6,184
Listed2026-06-05
Days on market

Asking rent: $35,000

View on Zillow →

451 Ridge Rd

Coral Gables, 33143 · rent comp

Bedrooms / bathrooms5 bd / 6 ba
Square footage4,486
Listed2026-08-05
Days on market

Asking rent: $31,500

View on Zillow →

7540 Los Pinos Blvd

Coral Gables, 33143 · rent comp

Bedrooms / bathrooms5 bd / 5 ba
Square footage4,735
Listed2026-01-05
Days on market

Asking rent: $33,000

View on Zillow →

7230 Vistalmar St

Coral Gables, 33143 · rent comp

Bedrooms / bathrooms5 bd / 4 ba
Square footage3,729
Listed2026-05-15
Days on market

Asking rent: $25,000

View on Zillow →

5750 SW 67th Ave

South Miami, 33143 · rent comp

Bedrooms / bathrooms5 bd / 4 ba
Square footage3,483
Listed
Days on market

Asking rent: $15,000

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
6760 SW 62nd Tersingle_family532,764$1,395,0002026-08-24
5831740839single_family565,053$8,920,0002026-07-28
8000 Los Pinos Blvdsingle_family566,938$6,300,0002026-07-28
5890 SW 82nd Stsingle_family564,258$5,750,0002026-07-22
741 Tibidabo Avesingle_family532,833$3,630,0002026-07-13
7901 SW 72nd Avesingle_family512,500$2,000,0002026-07-01
7440 SW 54th Ctsingle_family532,634$2,650,0002026-06-23
5950 SW 83rd Stsingle_family544,202$4,850,0002026-06-18
5835 SW 81st Stsingle_family564,304$5,000,0002026-06-18
279 Galeon Ctsingle_family553,583$5,600,0002026-06-05
5975 SW 62nd Stsingle_family57$2,675,0002026-05-29
1161 Sunset Drsingle_family542,649$2,395,0002026-05-28
7461 SW 58th Stsingle_family532,297$950,0002026-05-28
200 Casuarina Concoursesingle_family5410,196$25,365,3002026-05-22
5345 SW 84th Stsingle_family533,708$5,500,0002026-04-21
5033854265single_family574,069$4,575,0002026-03-31
4763 SW 82nd Stsingle_family555,977$12,230,0002026-03-23
7701 SW 50th Ctsingle_family543,565$4,550,0002026-03-23
7945 Sunset Drsingle_family564,177$3,050,0002026-03-16
7821 SW 54th Ctsingle_family574,306$4,100,0002026-03-13
7250 SW 47th Avesingle_family553,703$3,200,0002026-03-13
7720 SW 79th Ctsingle_family553,549$2,787,0002026-03-09
6781 SW 75th Tersingle_family574,335$4,000,0002026-02-27
5928 SW 69th Avesingle_family554,029$3,250,0002026-01-30
7950 SW 54th Avesingle_family553,848$3,450,0002026-01-26
8501 SW 68th Street Rdsingle_family565,183$2,450,0002026-01-20
7110 SW 82nd Avesingle_family555,006$4,400,0002026-01-15
7400 SW 47th Ctsingle_family544,535$6,900,0002026-01-12
7575 SW 54th Avesingle_family565,730$5,600,0002025-12-12
7301 SW 58th Stsingle_family533,305$1,500,0002025-12-08
5776 SW 77th Tersingle_family553,719$3,488,0002025-12-01
8501 SW 72nd Tersingle_family533,209$1,600,0002025-11-18

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
8560 SW 85th Avesingle_family532,996$1,250,000
7101 SW 60th Stsingle_family553,673$4,000,000
7550 SW 74th Stsingle_family564,549$3,250,000
7851 SW 48th Plsingle_family563,461$5,500,000
6200 SW 83rd Avesingle_family575,024$4,995,000
7700 SW 53rd Ctsingle_family564,956$5,299,000
7220 SW 69th Ctsingle_family532,902$1,640,000
7495 SW 73rd Tersingle_family532,221$1,698,000

10-year hold projection

IRR-4.8%
Equity multiple0.21x
Total return (10yr)-$354,567
YearProperty valueNOICash flowLoan balanceEquity
1$5,407,500$48,030-$289,054$4,154,463$1,253,037
2$5,569,725$50,445-$286,969$4,105,798$1,463,927
3$5,736,817$52,957-$284,795$4,053,792$1,683,025
4$5,908,921$55,569-$282,530$3,998,214$1,910,707
5$6,086,189$58,286-$280,169$3,938,820$2,147,369
6$6,268,775$61,110-$277,709$3,875,347$2,393,427
7$6,456,838$64,045-$275,147$3,807,516$2,649,322
8$6,650,543$67,096-$272,478$3,735,026$2,915,517
9$6,850,059$70,267-$269,700$3,657,559$3,192,500
10$7,055,561$73,562-$266,807$3,574,771$3,480,790
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.