4605 NW 83rd Path

Doral, FL 33166 · single_family · For Sale · 62 days on market
Asking price$865,000
4 beds 4 baths 2,163 sqft
View on Realtor.com →
Listed by Michael Sanson · One Sotheby's International Realty
Typesingle_family
Built2022
Price / sqft$400
Est. value (own analysis)$985,421
Rent estimate (own analysis)$5,090/mo
HOA$493/mo
Wind10/10Extreme$Heat10/10ExtremeAir2/10MinorFlood1/10minimal$Wildfire1/10Minimal
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Neighborhood

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Statusfor_sale
Listed date2026-07-03
Removed date
MLSMiamiMLS #A12047318
Coordinates25.81398, -80.33217
Address4605 NW 83rd Path
CityDoral
StateFL
Zip33166
Listing ID9108687681
Sourceus-real-estate-listings, cached 2026-09-01

ZIP market snapshot (33166)

Typical home value (ZHVI)$610,998
Typical rent (ZORI)$2,899/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$865,000
Down payment (20.0%)$173,000
Loan amount$692,000
Closing costs (5.0%)$43,250
Total cash to close$216,250
Rent (comp-derived)$5,090$61,080
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$61,080
Vacancy rate (assumption) assumption8.0%

$61,080 × 8.0% = $4,886

Effective gross income$4,683$56,194
Property tax (placeholder 1.9% of price)$1,370$16,435
Insurance (est. scaled by flood & wind risk)$865$10,380
HOA dues$493$5,916
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$255$3,054
Total operating expenses$2,982$35,785
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$56,194
Total operating expenses derived$35,785

$56,194 − $35,785 = $20,409

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$692,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$692,000 amortized at 6.7% over 30 years = $4,447/mo

CapEx reserve (5.0% of GSR)$255$3,054
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$20,409
Annual debt service derived$53,364
Annual CapEx reserve assumption$3,054
Annual PMI assumption$0

($20,409 − $53,364 − $3,054 − $0) ÷ 12 = -$3,001

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$20,409
Purchase price data$865,000

$20,409 ÷ $865,000 = 2.4%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$36,009
Total cash to close derived$216,250

-$36,009 ÷ $216,250 = -16.7%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$20,409
Annual debt service derived$53,364

$20,409 ÷ $53,364 = 0.38

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$61,080
Purchase price data$865,000

($61,080 ÷ 12) ÷ $865,000 = 0.6%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$865,000
Gross scheduled rent (annual) comp$61,080

$865,000 ÷ $61,080 = 14.2

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$35,785
Effective gross income derived$56,194

$35,785 ÷ $56,194 = 63.7%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$35,785
Annual debt service derived$53,364
Annual PMI assumption$0
Gross scheduled rent (annual) comp$61,080

($35,785 + $53,364 + $0) ÷ $61,080 = 146.0%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family421,637$3,9502026-07-30
single_family421,640$7,0002026-06-25
single_family432,099$4,2002026-05-02
single_family432,378$5,9802026-05-21
single_family422,182$3,700
single_family442,863$6,550

70 Hammond Dr

Miami Springs, 33166 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,637
Listed2026-07-30
Days on market

Asking rent: $3,950

View on Zillow →

1380 Miami Springs Ave

Miami Springs, 33166 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,640
Listed2026-06-25
Days on market

Asking rent: $7,000

View on Zillow →

437 Swan Ave

Miami Springs, 33166 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage2,099
Listed2026-05-02
Days on market

Asking rent: $4,200

View on Zillow →

8119 NW 42nd St Unit 8119

Doral, 33166 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage2,378
Listed2026-05-21
Days on market

Asking rent: $5,980

View on Zillow →

410 Pinecrest Dr # 11

Miami Springs, 33166 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage2,182
Listed
Days on market

Asking rent: $3,700

View on Zillow →

4363 NW 81st Ave

Doral, 33166 · rent comp

Bedrooms / bathrooms4 bd / 4 ba
Square footage2,863
Listed
Days on market

Asking rent: $6,550

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
245 Lenape Drsingle_family432,576$950,0002026-08-20
1183 Robin Avesingle_family432,248$1,020,0002026-08-07
37 Deer Runsingle_family442,650$1,650,0002026-07-30
8002 NW 43rd Stsingle_family452,257$1,380,0002026-07-27
596 Ragan Drsingle_family421,462$915,0002026-07-24
588 Mokena Drsingle_family432,481$950,0002026-07-22
6685 NW 38th Tersingle_family421,310$680,0002026-07-17
8119 NW 47th Tersingle_family432,304$1,165,0002026-06-09
8283 NW 47th Lnsingle_family442,176$1,100,0002026-06-08
472 S Royal Poinciana Blvdsingle_family442,634$1,200,0002026-06-05
6665 NW 39th Stsingle_family431,820$700,0002026-06-04
8281 NW 48th Tersingle_family442,148$1,140,0002026-06-01
8115 NW 48th Tersingle_family443,714$1,725,0002026-05-26
81 S Royal Poinciana Blvdsingle_family464,887$2,325,0002026-05-22
8237 NW 43rd Stsingle_family452,191$1,100,0002026-05-20
588 Palmetto Drsingle_family442,800$1,100,0002026-05-19
1740 Westward Drsingle_family432,832$1,010,0002026-05-19
101 S Royal Poinciana Blvdsingle_family422,883$994,9002026-05-13
8026 NW 43rd Stsingle_family442,410$1,175,0002026-05-04
97 Corydon Drsingle_family432,850$825,0002026-05-01
8120 NW 43rd Stsingle_family442,257$1,000,0002026-04-30
200 Carlisle Drsingle_family421,187$676,2002026-04-09
8357 NW South River Drsingle_family421,840$659,0002026-04-06
4349 NW 81st Avesingle_family432,863$1,100,0002026-04-01
8357 NW S River Drsingle_family431,840$659,0002026-03-27
4335 NW 81st Avesingle_family442,890$1,080,0002026-03-20
511 Oriole Avesingle_family431,571$725,0002026-03-16
1190 Robin Avesingle_family432,486$1,250,0002026-02-17
8013 NW 42nd Stsingle_family442,477$1,000,0002026-02-17
281 Hunting Lodge Drsingle_family432,623$1,240,0002026-02-10
430 Cardinal Stsingle_family421,630$1,152,0002026-02-09
771 Swan Avesingle_family432,080$725,0002026-01-29
549 East Drsingle_family443,357$2,130,0002026-01-05
8137 NW 46th Tersingle_family432,285$1,200,0002025-12-02
600 Oriole Avesingle_family422,189$830,0002025-12-01
457 Lafayette Drsingle_family433,174$1,400,0002025-11-18
4332 NW 81st Avesingle_family432,863$1,100,0002025-11-05
8262 NW 46th Stsingle_family442,191$1,120,0002025-10-29
4353 NW 80th Ctsingle_family433,077$1,200,0002025-10-09
8074 NW 43rd Stsingle_family442,477$1,070,0002025-10-06
4445 NW 82nd Avesingle_family432,358$1,000,0002025-10-01
8109 NW 48th Tersingle_family443,684$1,800,0002025-09-30
4482 NW 80th Avesingle_family452,257$1,120,0002025-09-30
8271 NW 48th Tersingle_family442,254$1,000,0002025-09-29
8169 NW 48th Tersingle_family443,669$1,750,0002025-09-25
8110 NW 46th Tersingle_family433,436$1,505,0002025-09-22
1110 Falcon Avesingle_family431,371$800,0002025-09-19

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
970 Plover Avesingle_family432,838$1,150,000
25 Ludlam Drsingle_family442,351$885,000
1800 Miami Springs Avesingle_family433,160$1,245,000
325 Ludlam Drsingle_family452,477$2,500,000
188 Cherokee Stsingle_family453,445$2,600,000
2 Hough Drsingle_family453,148$1,620,000
4318 NW 81st Avesingle_family443,077$1,380,000
297 Minola Drsingle_family442,644$995,000

10-year hold projection

IRR-1.0%
Equity multiple0.83x
Total return (10yr)$75,933
YearProperty valueNOICash flowLoan balanceEquity
1$890,950$20,409-$36,009$684,497$206,453
2$917,679$21,200-$35,294$676,479$241,199
3$945,209$22,019-$34,553$667,910$277,298
4$973,565$22,868-$33,785$658,753$314,812
5$1,002,772$23,746-$32,988$648,967$353,805
6$1,032,855$24,656-$32,163$638,510$394,346
7$1,063,841$25,598-$31,307$627,333$436,507
8$1,095,756$26,574-$30,420$615,390$480,366
9$1,128,629$27,584-$29,501$602,626$526,003
10$1,162,488$28,629-$28,548$588,986$573,502
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.