17340 SW 154th Pl

Miami, FL 33187 · single_family · For Sale · 161 days on market
Asking price$820,000
6 beds 4 baths 2,587 sqft
Suggested offer$815,000$5,000 above the est. market value of $815,000.
View on Realtor.com →
Listed by Lucas Pelaez with ONEPATH Realty · EXP Realty South LLC
Typesingle_family
Built2016
Price / sqft$317
Est. value (own analysis)$815,000
Rent estimate (own analysis)$7,950/mo
HOA$195/mo
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Neighborhood

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Statusfor_sale
Listed date2026-03-25
Removed date
MLSMiamiMLS #A11989591
Coordinates25.60520, -80.44387
Address17340 SW 154th Pl
CityMiami
StateFL
Zip33187
Listing ID6653438604
Sourceus-real-estate-listings, cached 2026-08-28

ZIP market snapshot (33187)

Typical home value (ZHVI)$720,811
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$820,000
Down payment (20.0%)$164,000
Loan amount$656,000
Closing costs (5.0%)$41,000
Total cash to close$205,000
Rent (comp-derived)$7,950$95,400
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$95,400
Vacancy rate (assumption) assumption8.0%

$95,400 × 8.0% = $7,632

Effective gross income$7,314$87,768
Property tax (placeholder 1.9% of price)$1,298$15,580
Insurance (placeholder 0.8% of price)$547$6,560
HOA dues$195$2,340
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$398$4,770
Total operating expenses$2,438$29,250
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$87,768
Total operating expenses derived$29,250

$87,768 − $29,250 = $58,518

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$656,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$656,000 amortized at 6.7% over 30 years = $4,216/mo

CapEx reserve (5.0% of GSR)$398$4,770
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$58,518
Annual debt service derived$50,588
Annual CapEx reserve assumption$4,770
Annual PMI assumption$0

($58,518 − $50,588 − $4,770 − $0) ÷ 12 = $263

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$58,518
Purchase price data$820,000

$58,518 ÷ $820,000 = 7.1%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived$3,160
Total cash to close derived$205,000

$3,160 ÷ $205,000 = 1.5%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$58,518
Annual debt service derived$50,588

$58,518 ÷ $50,588 = 1.16

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$95,400
Purchase price data$820,000

($95,400 ÷ 12) ÷ $820,000 = 1.0%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$820,000
Gross scheduled rent (annual) comp$95,400

$820,000 ÷ $95,400 = 8.6

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$29,250
Effective gross income derived$87,768

$29,250 ÷ $87,768 = 33.3%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$29,250
Annual debt service derived$50,588
Annual PMI assumption$0
Gross scheduled rent (annual) comp$95,400

($29,250 + $50,588 + $0) ÷ $95,400 = 83.7%

Comparables

Widened to city-wide. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family632,417$8,0002026-08-05
single_family643,218$7,9002026-07-24
single_family653,390$13,0002026-06-25
single_family632,716$2,0002026-08-26

11951 SW 120th Ter

Miami, 33186 · rent comp

Bedrooms / bathrooms6 bd / 3 ba
Square footage2,417
Listed2026-08-05
Days on market

Asking rent: $8,000

View on Zillow →

6610 SW 104th Ct

Miami, 33173 · rent comp

Bedrooms / bathrooms6 bd / 4 ba
Square footage3,218
Listed2026-07-24
Days on market

Asking rent: $7,900

View on Zillow →

2600 SW 128th Ct

Miami, 33175 · rent comp

Bedrooms / bathrooms6 bd / 5 ba
Square footage3,390
Listed2026-06-25
Days on market

Asking rent: $13,000

View on Zillow →

11722 SW 107th Ter

Miami, 33186 · rent comp

Bedrooms / bathrooms6 bd / 3 ba
Square footage2,716
Listed2026-08-26
Days on market

Asking rent: $2,000

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
17340 SW 154th Plsingle_family642,587$815,0002026-08-31
17901 SW 152nd Avesingle_family643,002$820,0002026-08-28
18451 SW 158th Stsingle_family6911,520$6,100,0002026-05-26

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
17901 SW 152nd Avesingle_family643,002$850,000
20455 SW 154th Avesingle_family655,007$3,890,000
15105 SW 180th Stsingle_family632,901$769,000
16800 SW 190th Stsingle_family643,384$2,199,500

10-year hold projection

IRR12.3%
Equity multiple2.91x
Total return (10yr)$498,813
YearProperty valueNOICash flowLoan balanceEquity
1$844,600$58,518$3,160$648,888$195,712
2$869,938$60,420$4,943$641,287$228,651
3$896,036$62,382$6,783$633,164$262,872
4$922,917$64,407$8,683$624,483$298,434
5$950,605$66,497$10,644$615,206$335,398
6$979,123$68,653$12,669$605,293$373,830
7$1,008,497$70,879$14,759$594,698$413,799
8$1,038,751$73,175$16,917$583,376$455,376
9$1,069,914$75,544$19,144$571,276$498,638
10$1,102,011$77,988$21,443$558,346$543,666
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.