4346 NW 81st Ave

Doral, FL 33166 · single_family · For Sale · 163 days on market
Asking price$1,050,000
4 beds 4 baths 2,863 sqft
View on Realtor.com →
Listed by Cyril Bijaoui · The Corcoran Group
Typesingle_family
Built2022
Price / sqft$367
Est. value (own analysis)$1,304,328
Rent estimate (own analysis)$5,980/mo
HOA$440/mo
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Neighborhood

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Statusfor_sale
Listed date2026-03-23
Removed date
MLSMiamiMLS #A11987701
Coordinates25.81359, -80.32872
Address4346 NW 81st Ave
CityDoral
StateFL
Zip33166
Listing ID9429089399
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$1,050,000
Down payment (20.0%)$210,000
Loan amount$840,000
Closing costs (5.0%)$52,500
Total cash to close$262,500
Rent (comp-derived)$5,980$71,760
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$71,760
Vacancy rate (assumption) assumption8.0%

$71,760 × 8.0% = $5,741

Effective gross income$5,502$66,019
Property tax (placeholder 1.9% of price)$1,663$19,950
Insurance (placeholder 0.8% of price)$700$8,400
HOA dues$440$5,280
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$299$3,588
Total operating expenses$3,102$37,218
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$66,019
Total operating expenses derived$37,218

$66,019 − $37,218 = $28,801

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$840,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$840,000 amortized at 6.7% over 30 years = $5,398/mo

CapEx reserve (5.0% of GSR)$299$3,588
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$28,801
Annual debt service derived$64,777
Annual CapEx reserve assumption$3,588
Annual PMI assumption$0

($28,801 − $64,777 − $3,588 − $0) ÷ 12 = -$3,297

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$28,801
Purchase price data$1,050,000

$28,801 ÷ $1,050,000 = 2.7%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$39,564
Total cash to close derived$262,500

-$39,564 ÷ $262,500 = -15.1%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$28,801
Annual debt service derived$64,777

$28,801 ÷ $64,777 = 0.44

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$71,760
Purchase price data$1,050,000

($71,760 ÷ 12) ÷ $1,050,000 = 0.6%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$1,050,000
Gross scheduled rent (annual) comp$71,760

$1,050,000 ÷ $71,760 = 14.6

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$37,218
Effective gross income derived$66,019

$37,218 ÷ $66,019 = 56.4%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$37,218
Annual debt service derived$64,777
Annual PMI assumption$0
Gross scheduled rent (annual) comp$71,760

($37,218 + $64,777 + $0) ÷ $71,760 = 142.1%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family442,937$8,5502026-08-13
single_family432,099$4,2002026-05-02
single_family432,378$5,9802026-05-21
single_family422,182$3,700
single_family442,863$6,550

8286 NW 51st Ter

Doral, 33166 · rent comp

Bedrooms / bathrooms4 bd / 4 ba
Square footage2,937
Listed2026-08-13
Days on market

Asking rent: $8,550

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
4605 NW 83rd Pathsingle_family442,163$865,000
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

10-year hold projection

IRR0.0%
Equity multiple1.00x
Total return (10yr)$138,061
YearProperty valueNOICash flowLoan balanceEquity
1$1,081,500$28,801-$39,564$830,892$250,608
2$1,113,945$29,851-$38,603$821,160$292,785
3$1,147,363$30,938-$37,609$810,758$336,605
4$1,181,784$32,061-$36,579$799,643$382,142
5$1,217,238$33,223-$35,514$787,764$429,474
6$1,253,755$34,426-$34,411$775,069$478,686
7$1,291,368$35,669-$33,269$761,503$529,865
8$1,330,109$36,955-$32,087$747,005$583,104
9$1,370,012$38,285-$30,864$731,511$638,501
10$1,411,112$39,660-$29,598$714,954$696,159
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.