315 NW 27th Ave Unit 424

Miami, FL 33125 · condos · For Sale · 77 days on market
Asking price$378,750
0 beds 1 baths 451 sqft
View on Realtor.com →
Listed by Eyvis Mendoza · Coldwell Banker Realty
Typecondos
Built2026
Price / sqft$840
Est. value (Zillow ZIP avg)$466,681
Rent estimate (own analysis)$1,945/mo
HOA$530/mo
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Neighborhood

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Statusfor_sale
Listed date2026-06-17
Removed date
MLSMiamiMLS #A12038121
Coordinates25.77598, -80.23885
Address315 NW 27th Ave Unit 424
CityMiami
StateFL
Zip33125
Listing ID9189865196
Sourceus-real-estate-listings, cached 2026-08-28

ZIP market snapshot (33125)

Typical home value (ZHVI)$466,681
Typical rent (ZORI)$2,360/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$378,750
Down payment (20.0%)$75,750
Loan amount$303,000
Closing costs (5.0%)$18,938
Total cash to close$94,688
Rent (comp-derived)$1,945$23,340
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$23,340
Vacancy rate (assumption) assumption8.0%

$23,340 × 8.0% = $1,867

Effective gross income$1,789$21,473
Property tax (placeholder 1.9% of price)$600$7,196
Insurance (placeholder 0.8% of price)$253$3,030
HOA dues$530$6,360
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$97$1,167
Total operating expenses$1,479$17,753
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$21,473
Total operating expenses derived$17,753

$21,473 − $17,753 = $3,720

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$303,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$303,000 amortized at 6.7% over 30 years = $1,947/mo

CapEx reserve (5.0% of GSR)$97$1,167
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$3,720
Annual debt service derived$23,366
Annual CapEx reserve assumption$1,167
Annual PMI assumption$0

($3,720 − $23,366 − $1,167 − $0) ÷ 12 = -$1,734

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$3,720
Purchase price data$378,750

$3,720 ÷ $378,750 = 1.0%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$20,813
Total cash to close derived$94,688

-$20,813 ÷ $94,688 = -22.0%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$3,720
Annual debt service derived$23,366

$3,720 ÷ $23,366 = 0.16

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$23,340
Purchase price data$378,750

($23,340 ÷ 12) ÷ $378,750 = 0.5%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$378,750
Gross scheduled rent (annual) comp$23,340

$378,750 ÷ $23,340 = 16.2

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$17,753
Effective gross income derived$21,473

$17,753 ÷ $21,473 = 82.7%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$17,753
Annual debt service derived$23,366
Annual PMI assumption$0
Gross scheduled rent (annual) comp$23,340

($17,753 + $23,366 + $0) ÷ $23,340 = 176.2%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
condos01350$1,6502026-08-12
apartment01300$1,1732026-08-11
apartment01320$1,3002026-01-17
apartment01445$1,9002026-04-27
apartment01350$1,1732026-08-02
apartment01350$1,1872026-08-02
apartment01399$1,9902025-08-05
apartment01495$2,712
apartment01495$2,204
apartment01491$2,614
apartment01528$2,519
apartment01425$1,844
apartment01528$2,761
apartment01475$2,782

1536 NW 15th Ave Apt 303

Miami, 33125 · rent comp

Bedrooms / bathrooms0 bd / 1 ba
Square footage350
Listed2026-08-12
Days on market

Asking rent: $1,650

View on Zillow →

2151 NW 1st Ter Unit B-B

Miami, 33125 · rent comp

Bedrooms / bathrooms0 bd / 1 ba
Square footage300
Listed2026-08-11
Days on market

Asking rent: $1,173

View on Zillow →

2154 NW Flagler Ter

Miami, 33125 · rent comp

Bedrooms / bathrooms0 bd / 1 ba
Square footage320
Listed2026-01-17
Days on market

Asking rent: $1,300

View on Zillow →

61 NW 37th Ave Ste 1

Miami, 33125 · rent comp

Bedrooms / bathrooms0 bd / 1 ba
Square footage445
Listed2026-04-27
Days on market

Asking rent: $1,900

View on Zillow →

2151 NW 1st Ter Unit B-A

Miami, 33125 · rent comp

Bedrooms / bathrooms0 bd / 1 ba
Square footage350
Listed2026-08-02
Days on market

Asking rent: $1,173

View on Zillow →

2151 NW 1st Ter Unit A-C

Miami, 33125 · rent comp

Bedrooms / bathrooms0 bd / 1 ba
Square footage350
Listed2026-08-02
Days on market

Asking rent: $1,187

View on Zillow →

1559 NW 15th Street Rd

Miami, 33125 · rent comp

Bedrooms / bathrooms0 bd / 1 ba
Square footage399
Listed2025-08-05
Days on market

Asking rent: $1,990

View on Zillow →

1480 NW North River Dr Apt 1009

Miami, 33125 · rent comp

Bedrooms / bathrooms0 bd / 1 ba
Square footage495
Listed
Days on market

Asking rent: $2,712

View on Zillow →

1480 NW North River Dr Apt 809

Miami, 33125 · rent comp

Bedrooms / bathrooms0 bd / 1 ba
Square footage495
Listed
Days on market

Asking rent: $2,204

View on Zillow →

1480 NW North River Dr Apt 1603

Miami, 33125 · rent comp

Bedrooms / bathrooms0 bd / 1 ba
Square footage491
Listed
Days on market

Asking rent: $2,614

View on Zillow →

1480 NW North River Dr Apt 2204

Miami, 33125 · rent comp

Bedrooms / bathrooms0 bd / 1 ba
Square footage528
Listed
Days on market

Asking rent: $2,519

View on Zillow →

1569 NW 17th Ave Apt 503

Miami, 33125 · rent comp

Bedrooms / bathrooms0 bd / 1 ba
Square footage425
Listed
Days on market

Asking rent: $1,844

View on Zillow →

1480 NW North River Dr Apt 1504

Miami, 33125 · rent comp

Bedrooms / bathrooms0 bd / 1 ba
Square footage528
Listed
Days on market

Asking rent: $2,761

View on Zillow →

1569 NW 17th Ave Apt 105

Miami, 33125 · rent comp

Bedrooms / bathrooms0 bd / 1 ba
Square footage475
Listed
Days on market

Asking rent: $2,782

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.

No recent recorded sales cached yet for this ZIP.

Widened to city-wide. 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
690 SW 1st Ct Apt 3115condos021,255$580,000
20 NE 11 St Unit 3403Bcondos01305$449,000
8101 Biscayne Blvd Unit R410condos01533$315,000
90 NE 32nd St Unit 413condos01461$505,000
90 NE 32nd St Unit 1125condos01479$650,000
121 NE 5th St Apt 709condos01402$390,000
20 NE 11th St Apt 2805condos01$650,000
90 NE 32nd St Unit 313condos01462$550,000

10-year hold projection

IRR-4.7%
Equity multiple0.22x
Total return (10yr)-$24,104
YearProperty valueNOICash flowLoan balanceEquity
1$390,113$3,720-$20,813$299,715$90,398
2$401,816$3,920-$20,642$296,204$105,612
3$413,870$4,128-$20,464$292,452$121,418
4$426,286$4,346-$20,277$288,443$137,844
5$439,075$4,572-$20,083$284,158$154,917
6$452,247$4,807-$19,880$279,579$172,669
7$465,815$5,051-$19,668$274,685$191,130
8$479,789$5,306-$19,447$269,455$210,334
9$494,183$5,570-$19,217$263,867$230,316
10$509,008$5,846-$18,978$257,894$251,114
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.