27370 SW 159th Ave

Miami, FL 33031 · single_family · For Sale · 47 days on market
Asking price$829,990
5 beds 5 baths — sqft
Suggested offer$777,300$52,690 above the est. market value of $777,300.
View on Realtor.com →
Listed by Rene Santa Maria · Lennar - Southeast FL
Typesingle_family
Built2025
Price / sqft
Est. value (own analysis)$777,300
Rent estimate (own analysis)$6,370/mo
HOA$131/mo
Show every detail
Statusfor_sale
Listed date2026-07-17
Removed date
MLSMiamiMLS #A12055661
Coordinates
Address27370 SW 159th Ave
CityMiami
StateFL
Zip33031
Listing ID9547347323
Sourceus-real-estate-listings, cached 2026-08-28

ZIP market snapshot (33031)

Typical home value (ZHVI)$909,055
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$829,990
Down payment (20.0%)$165,998
Loan amount$663,992
Closing costs (5.0%)$41,500
Total cash to close$207,498
Rent (comp-derived)$6,370$76,440
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$76,440
Vacancy rate (assumption) assumption8.0%

$76,440 × 8.0% = $6,115

Effective gross income$5,860$70,325
Property tax (placeholder 1.9% of price)$1,314$15,770
Insurance (placeholder 0.8% of price)$553$6,640
HOA dues$131$1,572
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$319$3,822
Total operating expenses$2,317$27,804
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$70,325
Total operating expenses derived$27,804

$70,325 − $27,804 = $42,521

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$663,992
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$663,992 amortized at 6.7% over 30 years = $4,267/mo

CapEx reserve (5.0% of GSR)$319$3,822
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$42,521
Annual debt service derived$51,204
Annual CapEx reserve assumption$3,822
Annual PMI assumption$0

($42,521 − $51,204 − $3,822 − $0) ÷ 12 = -$1,042

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$42,521
Purchase price data$829,990

$42,521 ÷ $829,990 = 5.1%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$12,505
Total cash to close derived$207,498

-$12,505 ÷ $207,498 = -6.0%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$42,521
Annual debt service derived$51,204

$42,521 ÷ $51,204 = 0.83

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$76,440
Purchase price data$829,990

($76,440 ÷ 12) ÷ $829,990 = 0.8%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$829,990
Gross scheduled rent (annual) comp$76,440

$829,990 ÷ $76,440 = 10.9

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$27,804
Effective gross income derived$70,325

$27,804 ÷ $70,325 = 39.5%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$27,804
Annual debt service derived$51,204
Annual PMI assumption$0
Gross scheduled rent (annual) comp$76,440

($27,804 + $51,204 + $0) ÷ $76,440 = 103.4%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family555,643$5,7502026-07-15
single_family543,391$5,0002026-04-27
single_family532,863$6,9902026-07-10
single_family532,863$6,990

17376 SW 266th Ter

Homestead, 33031 · rent comp

Bedrooms / bathrooms5 bd / 5 ba
Square footage5,643
Listed2026-07-15
Days on market

Asking rent: $5,750

View on Zillow →

18950 SW 240th St

Homestead, 33031 · rent comp

Bedrooms / bathrooms5 bd / 4 ba
Square footage3,391
Listed2026-04-27
Days on market

Asking rent: $5,000

View on Zillow →

17575 SW 280th St Unit 0

Homestead, 33031 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage2,863
Listed2026-07-10
Days on market

Asking rent: $6,990

View on Zillow →

17575 SW 280th St # 17575

Homestead, 33031 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage2,863
Listed
Days on market

Asking rent: $6,990

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
17540 SW 254th Stsingle_family54$760,0002026-08-20
24480 SW 209th Plsingle_family543,424$1,597,0002026-08-20
27800 SW 182nd Avesingle_family554,066$1,725,0002026-08-12
27701 SW 162nd Ctsingle_family532,282$565,0002026-07-23
18760 SW 238th Stsingle_family542,972$1,020,0002026-06-29
23621 SW 167th Avesingle_family534,189$1,000,0002026-06-10
23840 SW 209th Plsingle_family543,374$1,495,0002026-06-09
27339 SW 160th Avesingle_family542,838$817,3002026-03-12
27511 SW 160th Avesingle_family543,456$735,1002026-03-12
27441 SW 160th Avesingle_family543,456$843,0002026-03-12
27440 SW 160th Avesingle_family543,456$746,6002026-03-12
27373 SW 159th Plsingle_family542,838$777,3002026-03-12
21820 SW 254th Stsingle_family534,844$1,200,0002026-02-20
27510 SW 170th Avesingle_family564,000$1,800,0002026-02-11
16625 SW 236th Stsingle_family542,088$800,0002026-02-05
23600 SW 212th Avesingle_family533,198$1,300,0002026-01-30
20925 SW 248th Stsingle_family522,657$1,180,0002026-01-14
27520 SW 161st Ctsingle_family543,456$739,4002025-12-11
27301 SW 161st Avesingle_family542,838$734,3002025-12-11
27567 SW 161st Ctsingle_family543,456$698,4002025-12-11
27342 SW 161st Ctsingle_family542,838$666,3002025-12-10
27443 SW 161st Ctsingle_family543,456$709,9002025-12-10
27235 SW 159th Plsingle_family542,838$750,9002025-12-05
27564 SW 160th Avesingle_family543,456$725,1002025-12-05
27303 SW 160th Avesingle_family542,838$765,0002025-12-05
27407 SW 161st Avesingle_family543,456$805,0002025-12-05
27375 SW 160th Avesingle_family532,838$762,3002025-12-05
21059 SW 238th Stsingle_family543,827$1,450,0002025-11-17
24301 SW 192nd Avesingle_family533,018$1,650,0002025-11-10
27471 SW 161st Avesingle_family543,456$688,0002025-11-07
27373 SW 161st Avesingle_family542,838$741,3002025-11-07
27300 SW 161st Avesingle_family542,838$724,0002025-11-05
27341 SW 161st Ctsingle_family542,838$779,9002025-11-05

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
27307 SW 159th Ctsingle_family543,468$859,390
27372 SW 159th Ctsingle_family552,806$829,990
27411 SW 161 Ctsingle_family542,806$809,990
27411 SW 161 Ctsingle_family543,468$850,990
24080 SW 212th Avesingle_family55$799,000
15720 SW 252nd Stsingle_family543,095$1,350,000
24225 SW 198th Avesingle_family542,722$1,100,000
26500 SW 217th Avesingle_family573,684$3,495,000

10-year hold projection

IRR6.6%
Equity multiple2.04x
Total return (10yr)$324,132
YearProperty valueNOICash flowLoan balanceEquity
1$854,890$42,521-$12,505$656,793$198,097
2$880,536$43,936-$11,186$649,099$231,437
3$906,952$45,396-$9,823$640,878$266,075
4$934,161$46,904-$8,416$632,091$302,070
5$962,186$48,461-$6,962$622,701$339,485
6$991,051$50,068-$5,460$612,667$378,385
7$1,020,783$51,728-$3,909$601,943$418,840
8$1,051,407$53,441-$2,306$590,483$460,924
9$1,082,949$55,209-$651$578,236$504,713
10$1,115,437$57,035$1,058$565,148$550,289
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.