6709 N Kendall Dr Apt 219

Pinecrest, FL 33156 · townhomes · For Sale · 43 days on market
Asking price$379,000
3 beds 3 baths 1,040 sqft
View on Realtor.com →
Listed by Ashley Cusack · BHHS EWM Realty
Typetownhomes
Built1966
Price / sqft$364
Est. value (own analysis)$406,255
Rent estimate (Zillow ZIP avg)$2,706/mo
HOA$914/mo
Wind10/10Extreme$Heat10/10ExtremeFlood8/10severe$Air2/10MinorWildfire1/10Minimal
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-07-21
Removed date
MLSMiamiMLS #A12057157
Coordinates25.69042, -80.30294
Address6709 N Kendall Dr Apt 219
CityPinecrest
StateFL
Zip33156
Listing ID6934554535
Sourceus-real-estate-listings, cached 2026-08-28

ZIP market snapshot (33156)

Typical home value (ZHVI)$1,543,591
Typical rent (ZORI)$2,706/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$379,000
Down payment (20.0%)$75,800
Loan amount$303,200
Closing costs (5.0%)$18,950
Total cash to close$94,750
Rent (ZIP avg, ZORI — not bedroom-specific)$2,706$32,468
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$32,468
Vacancy rate (assumption) assumption8.0%

$32,468 × 8.0% = $2,597

Effective gross income$2,489$29,870
Property tax (placeholder 1.9% of price)$600$7,201
Insurance (est. scaled by flood & wind risk)$493$5,912
HOA dues$914$10,968
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$135$1,623
Total operating expenses$2,142$25,705
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$29,870
Total operating expenses derived$25,705

$29,870 − $25,705 = $4,166

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$303,200
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$303,200 amortized at 6.7% over 30 years = $1,948/mo

CapEx reserve (5.0% of GSR)$135$1,623
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$4,166
Annual debt service derived$23,381
Annual CapEx reserve assumption$1,623
Annual PMI assumption$0

($4,166 − $23,381 − $1,623 − $0) ÷ 12 = -$1,737

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$4,166
Purchase price data$379,000

$4,166 ÷ $379,000 = 1.1%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$20,839
Total cash to close derived$94,750

-$20,839 ÷ $94,750 = -22.0%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$4,166
Annual debt service derived$23,381

$4,166 ÷ $23,381 = 0.18

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$32,468
Purchase price data$379,000

($32,468 ÷ 12) ÷ $379,000 = 0.7%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$379,000
Gross scheduled rent (annual) comp$32,468

$379,000 ÷ $32,468 = 11.7

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$25,705
Effective gross income derived$29,870

$25,705 ÷ $29,870 = 86.1%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$25,705
Annual debt service derived$23,381
Annual PMI assumption$0
Gross scheduled rent (annual) comp$32,468

($25,705 + $23,381 + $0) ÷ $32,468 = 151.2%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
townhomes331,040$2,9002026-07-17
townhomes331,348$3,5002026-09-01

6709 N Kendall Dr Apt 219

Pinecrest, 33156 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,040
Listed2026-07-17
Days on market

Asking rent: $2,900

View on Zillow →

10042 SW 77th Ct

Miami, 33156 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,348
Listed2026-09-01
Days on market

Asking rent: $3,500

View on Zillow →

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
10035 SW 77th Cttownhomes221,152$390,0002026-08-14
8314 SW 120th Tertownhomes442,280$1,155,0002026-08-11
6720 SW 88th Tertownhomes432,944$1,428,0002026-07-30
12025 SW 83rd Pltownhomes432,404$1,250,0002026-07-14
7812 SW 102nd Lntownhomes221,152$419,9002026-07-10
10206 SW 77th Cttownhomes211,152$420,0002026-07-08
10170 SW 77th Cttownhomes221,152$385,0002026-06-01
10053 SW 77th Cttownhomes231,152$480,0002026-05-13
12060 SW 82nd Pltownhomes442,280$1,125,0002026-05-01
7820 SW 102nd Lntownhomes221,152$385,0002026-04-29

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
9125 SW 77th Ave Unit 802condos321,280$408,000
7820 SW 89th Lnsingle_family342,246$1,499,999
7265 SW 89th St Apt A314condos321,529$595,000
10830 SW 79th Avesingle_family321,771$1,220,000
10625 SW 79th Plsingle_family321,942$1,290,900
11054 SW 79th Pathtownhomes332,249$1,099,000
7711 SW 94th Tertownhomes331,368$649,000
8430 SW 88th Stsingle_family322,047$1,399,999

10-year hold projection

IRR-4.5%
Equity multiple0.24x
Total return (10yr)-$22,071
YearProperty valueNOICash flowLoan balanceEquity
1$390,370$4,166-$20,839$299,913$90,457
2$402,081$4,419-$20,626$296,400$105,681
3$414,144$4,683-$20,403$292,645$121,498
4$426,568$4,959-$20,171$288,633$137,935
5$439,365$5,246-$19,927$284,346$155,019
6$452,546$5,545-$19,673$279,764$172,782
7$466,122$5,857-$19,407$274,867$191,255
8$480,106$6,182-$19,129$269,634$210,472
9$494,509$6,520-$18,839$264,042$230,468
10$509,344$6,872-$18,536$258,065$251,279
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.