7510 SW 56th Ct

Miami, FL 33143 · townhomes · For Sale · 98 days on market
Asking price$2,230,000
3 beds 4 baths 2,678 sqft
Suggested offer$1,337,427$892,573 above the est. market value of $1,337,427.
View on Realtor.com →
Listed by Monica S. Betancourt · Coldwell Banker Realty
Typetownhomes
Built2011
Price / sqft$833
Est. value (own analysis)$1,337,427
Rent estimate (own analysis)$6,450/mo
HOA$1,281/mo
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-05-27
Removed date
MLSMiamiMLS #A12026067
Coordinates25.70150, -80.28503
Address7510 SW 56th Ct
CityMiami
StateFL
Zip33143
Listing ID6660201442
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$2,230,000
Down payment (20.0%)$446,000
Loan amount$1,784,000
Closing costs (5.0%)$111,500
Total cash to close$557,500
Rent (comp-derived)$6,450$77,400
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$77,400
Vacancy rate (assumption) assumption8.0%

$77,400 × 8.0% = $6,192

Effective gross income$5,934$71,208
Property tax (placeholder 1.9% of price)$3,531$42,370
Insurance (placeholder 0.8% of price)$1,487$17,840
HOA dues$1,281$15,372
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$323$3,870
Total operating expenses$6,621$79,452
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$71,208
Total operating expenses derived$79,452

$71,208 − $79,452 = -$8,244

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$1,784,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$1,784,000 amortized at 6.7% over 30 years = $11,464/mo

CapEx reserve (5.0% of GSR)$323$3,870
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-$8,244
Annual debt service derived$137,574
Annual CapEx reserve assumption$3,870
Annual PMI assumption$0

(-$8,244 − $137,574 − $3,870 − $0) ÷ 12 = -$12,474

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived-$8,244
Purchase price data$2,230,000

-$8,244 ÷ $2,230,000 = -0.4%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$149,688
Total cash to close derived$557,500

-$149,688 ÷ $557,500 = -26.8%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived-$8,244
Annual debt service derived$137,574

-$8,244 ÷ $137,574 = -0.06

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$77,400
Purchase price data$2,230,000

($77,400 ÷ 12) ÷ $2,230,000 = 0.3%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$2,230,000
Gross scheduled rent (annual) comp$77,400

$2,230,000 ÷ $77,400 = 28.8

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$79,452
Effective gross income derived$71,208

$79,452 ÷ $71,208 = 111.6%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$79,452
Annual debt service derived$137,574
Annual PMI assumption$0
Gross scheduled rent (annual) comp$77,400

($79,452 + $137,574 + $0) ÷ $77,400 = 280.4%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
townhomes321,754$3,3002026-09-01
townhomes342,509$6,4502026-08-04
townhomes343,104$18,0002026-08-25

SW 71st St Unit 16320

South Miami, 33143 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,754
Listed2026-09-01
Days on market

Asking rent: $3,300

View on Zillow →

6860 SW 80th St Unit 6860

Miami, 33143 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage2,509
Listed2026-08-04
Days on market

Asking rent: $6,450

View on Zillow →

7541 SW 56th Ct Unit 7541

Miami, 33143 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage3,104
Listed2026-08-25
Days on market

Asking rent: $18,000

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
5772 SW 74 TERTOTAL VALUE : TOWNHOUSE321,702$847,0002024-05-16
5784 SW 74 TERTOTAL VALUE : TOWNHOUSE321,702$985,0002023-09-08
5770 SW 74 TERTOTAL VALUE : TOWNHOUSE321,702$850,0002023-07-27

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
5775 SW 57th Tersingle_family321,841$1,350,000
7050 SW 82nd Ctsingle_family321,312$1,400,000
7240 Sunset Drsingle_family331,591$2,675,000
8530 SW 81st Lnsingle_family322,154$1,150,000
8121 SW 82nd Cttownhomes331,470$645,000
7483 SW 82nd St Apt A102condos321,140$385,000
8054 SW 86th Tertownhomes332,019$875,000
6325 SW 84th Stsingle_family321,886$1,775,000

10-year hold projection

IRR-8.0%
Equity multiple-0.35x
Total return (10yr)-$460,397
YearProperty valueNOICash flowLoan balanceEquity
1$2,296,900-$8,244-$149,688$1,764,658$532,242
2$2,365,807-$8,094-$149,634$1,743,987$621,820
3$2,436,781-$7,930-$149,569$1,721,897$714,885
4$2,509,885-$7,750-$149,491$1,698,289$811,595
5$2,585,181-$7,555-$149,400$1,673,061$912,120
6$2,662,737-$7,343-$149,295$1,646,100$1,016,636
7$2,742,619-$7,114-$149,175$1,617,288$1,125,331
8$2,824,897-$6,867-$149,040$1,586,497$1,238,400
9$2,909,644-$6,600-$148,889$1,553,592$1,356,052
10$2,996,934-$6,314-$148,721$1,518,427$1,478,506
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.