5889 SW 17th St

Miami, FL 33155 · single_family · For Sale · 33 days on market
Asking price$1,395,000
4 beds 3 baths 2,318 sqft
Suggested offer$1,153,374$241,626 above the est. market value of $1,153,374.
View on Realtor.com →
Listed by Roxana Vera · Lifestyle International Realty
Typesingle_family
Built2015
Price / sqft$602
Est. value (own analysis)$1,153,374
Rent estimate (own analysis)$5,350/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood5/10major$Air2/10MinorWildfire1/10Minimal
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Neighborhood

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Statusfor_sale
Listed date2026-07-31
Removed date
MLSMiamiMLS #A12060679
Coordinates25.75524, -80.29126
Address5889 SW 17th St
CityMiami
StateFL
Zip33155
Listing ID6747918102
Sourceus-real-estate-listings, cached 2026-08-31

ZIP market snapshot (33155)

Typical home value (ZHVI)$716,503
Typical rent (ZORI)$2,758/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$1,395,000
Down payment (20.0%)$279,000
Loan amount$1,116,000
Closing costs (5.0%)$69,750
Total cash to close$348,750
Rent (comp-derived)$5,350$64,200
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$64,200
Vacancy rate (assumption) assumption8.0%

$64,200 × 8.0% = $5,136

Effective gross income$4,922$59,064
Property tax (placeholder 1.9% of price)$2,209$26,505
Insurance (est. scaled by flood & wind risk)$1,628$19,530
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$268$3,210
Total operating expenses$4,104$49,245
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$59,064
Total operating expenses derived$49,245

$59,064 − $49,245 = $9,819

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$1,116,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$1,116,000 amortized at 6.7% over 30 years = $7,172/mo

CapEx reserve (5.0% of GSR)$268$3,210
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$9,819
Annual debt service derived$86,061
Annual CapEx reserve assumption$3,210
Annual PMI assumption$0

($9,819 − $86,061 − $3,210 − $0) ÷ 12 = -$6,621

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$9,819
Purchase price data$1,395,000

$9,819 ÷ $1,395,000 = 0.7%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$79,452
Total cash to close derived$348,750

-$79,452 ÷ $348,750 = -22.8%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$9,819
Annual debt service derived$86,061

$9,819 ÷ $86,061 = 0.11

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$64,200
Purchase price data$1,395,000

($64,200 ÷ 12) ÷ $1,395,000 = 0.4%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$1,395,000
Gross scheduled rent (annual) comp$64,200

$1,395,000 ÷ $64,200 = 21.7

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$49,245
Effective gross income derived$59,064

$49,245 ÷ $59,064 = 83.4%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$49,245
Annual debt service derived$86,061
Annual PMI assumption$0
Gross scheduled rent (annual) comp$64,200

($49,245 + $86,061 + $0) ÷ $64,200 = 210.8%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family421,754$7,2002026-08-19
single_family422,149$3,9002026-08-13
single_family421,874$3,6502026-06-22
single_family431,749$5,5002026-06-17
single_family421,652$6,0002026-06-02
single_family422,300$5,2002026-08-03
single_family431,859$4,0002026-04-20
single_family432,313$5,500

6401 SW 39th Ter

Miami, 33155 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,754
Listed2026-08-19
Days on market

Asking rent: $7,200

View on Zillow →

2310 SW 79th Ct

Miami, 33155 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage2,149
Listed2026-08-13
Days on market

Asking rent: $3,900

View on Zillow →

2801 SW 81st Ave Unit 0

Miami, 33155 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,874
Listed2026-06-22
Days on market

Asking rent: $3,650

View on Zillow →

8201 SW 42nd St

Miami, 33155 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,749
Listed2026-06-17
Days on market

Asking rent: $5,500

View on Zillow →

2500 SW 58th Ave

Miami, 33155 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,652
Listed2026-06-02
Days on market

Asking rent: $6,000

View on Zillow →

4120 SW 69th Ave

Miami, 33155 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage2,300
Listed2026-08-03
Days on market

Asking rent: $5,200

View on Zillow →

7931 SW 18th Ter

Miami, 33155 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,859
Listed2026-04-20
Days on market

Asking rent: $4,000

View on Zillow →

3101 SW 67th Ave

Miami, 33155 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage2,313
Listed
Days on market

Asking rent: $5,500

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
8220 SW 29th Stsingle_family431,807$855,0002026-08-27
4145 SW 84th Ctsingle_family43$1,150,0002026-08-26
8250 SW 28th Stsingle_family432,330$729,0002026-08-13
6735 SW 51st Stsingle_family422,192$1,115,0002026-08-11
2725 SW 65th Avesingle_family442,855$1,815,0002026-08-11
6291 SW 50th Stsingle_family432,475$1,650,0002026-07-27
1811 SW 83rd Avesingle_family432,152$860,0002026-07-23
6065 N Waterway Drsingle_family431,641$987,0002026-07-22
7941 SW 18th Tersingle_family443,401$870,0002026-06-29
2314 SW 60th Avesingle_family441,985$715,0002026-06-24
7515 SW 32nd Stsingle_family421,556$765,0002026-06-24
5830 SW 51st Tersingle_family432,270$1,500,0002026-06-18
5701 SW 50th Tersingle_family432,174$1,075,0002026-06-15
6449 SW 56th Stsingle_family442,524$2,175,0002026-06-15
6501 SW 30th Stsingle_family432,452$899,0002026-06-10
6881 SW 27th Stsingle_family421,753$715,0002026-06-08
7715 SW 21st Tersingle_family421,747$665,0002026-06-08
6001 SW 28th Stsingle_family432,896$1,700,0002026-06-02
2122 SW 58th Avesingle_family432,511$729,0002026-05-29
6710 SW 48th Stsingle_family431,522$920,0002026-05-28
7285 SW 16th Tersingle_family411,712$640,0002026-05-27
5747 SW 31st Stsingle_family411,836$1,100,0002026-05-27
2523 Red Rdsingle_family432,833$2,475,0002026-05-26
8631 SW 16th Tersingle_family432,218$875,0002026-05-20
8311 SW 47th Stsingle_family432,150$1,050,0002026-05-19
6421 Miller Drsingle_family422,048$1,120,0002026-05-18
8571 SW 30th Stsingle_family432,408$700,0002026-05-15
2030 SW 60th Avesingle_family421,860$850,0002026-05-14
6415 SW 39th Stsingle_family421,591$825,0002026-05-14
5790 SW 34th Stsingle_family433,118$2,010,0002026-05-07
2735 SW 65th Avesingle_family442,358$1,300,0002026-05-05
5801 SW 35th Stsingle_family423,128$2,499,9002026-04-24
7550 SW 28th Street Rdsingle_family421,655$670,0002026-04-20
2007 SW 60th Avesingle_family431,553$535,0002026-04-15
6625 SW 45th Stsingle_family441,922$1,125,0002026-03-27
7120 SW 56th Stsingle_family431,900$1,420,0002026-03-23
8440 SW 27th Tersingle_family421,606$838,0002026-03-16
5760 SW 56th Stsingle_family442,171$1,500,0002026-03-16
6086 SW 20th Stsingle_family421,640$745,0002026-03-06
2102 SW 58th Ctsingle_family421,573$585,0002026-03-05
8371 SW 32nd Tersingle_family421,703$765,0002026-02-27
8551 SW 30th Stsingle_family432,248$845,0002026-02-27
7580 SW 29th Stsingle_family431,648$820,0002026-02-27
8670 SW 27th Lnsingle_family421,344$700,0002026-02-26
6440 SW 44th Stsingle_family432,152$1,500,0002026-02-23
6701 SW 48th Stsingle_family431,805$1,275,0002026-02-10
7420 SW 31st Stsingle_family421,711$680,0002026-02-09
4950 SW 63rd Avesingle_family443,239$2,600,0002026-02-05
6411 SW 22nd Stsingle_family421,476$785,0002026-02-05
3051 SW 84th Ctsingle_family432,241$800,0002026-02-04

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
6385 SW 25th Stsingle_family42$920,000
7741 SW 20th Stsingle_family431,699$685,000
7151 SW 42nd Stsingle_family431,292$800,000
6140 SW 45th Stsingle_family421,615$950,000
7135 SW 19th Stsingle_family421,534$739,500
6776 SW 22nd Sttownhomes432,062$669,000
5400 SW 63rd Ctsingle_family432,822$1,700,000
8625 SW 42nd Stsingle_family421,779$820,000

10-year hold projection

IRR-5.3%
Equity multiple0.12x
Total return (10yr)-$125,281
YearProperty valueNOICash flowLoan balanceEquity
1$1,436,850$9,819-$79,452$1,103,900$332,950
2$1,479,956$10,360-$78,991$1,090,969$388,986
3$1,524,354$10,923-$78,510$1,077,150$447,204
4$1,570,085$11,509-$78,008$1,062,382$507,702
5$1,617,187$12,120-$77,484$1,046,601$570,587
6$1,665,703$12,755-$76,937$1,029,735$635,968
7$1,715,674$13,416-$76,367$1,011,711$703,963
8$1,767,144$14,104-$75,772$992,449$774,695
9$1,820,159$14,820-$75,151$971,865$848,294
10$1,874,763$15,565-$74,505$949,867$924,896
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.