271 NW 177th St Unit B104

Miami Gardens, FL 33169 · condos · For Sale · 126 days on market
Asking price$127,000
0 beds 1 baths 450 sqft
Suggested offer$63,750$63,250 above the est. market value of $63,750.
View on Realtor.com →
Listed by Marleny Zapata · Florida Realty Of Miami Corp
Typecondos
Built1971
Price / sqft$282
Est. value (own analysis)$63,750
Rent estimate (own analysis)$1,250/mo
HOA$238/mo
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Neighborhood

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Statusfor_sale
Listed date2026-04-29
Removed date
MLSMiamiMLS #A12010016
Coordinates25.93819, -80.20620
Address271 NW 177th St Unit B104
CityMiami Gardens
StateFL
Zip33169
Listing ID9810122510
Sourceus-real-estate-listings, cached 2026-09-01

ZIP market snapshot (33169)

Typical home value (ZHVI)$471,445
Typical rent (ZORI)$2,193/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$127,000
Down payment (20.0%)$25,400
Loan amount$101,600
Closing costs (5.0%)$6,350
Total cash to close$31,750
Rent (comp-derived)$1,250$15,000
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$15,000
Vacancy rate (assumption) assumption8.0%

$15,000 × 8.0% = $1,200

Effective gross income$1,150$13,800
Property tax (placeholder 1.9% of price)$201$2,413
Insurance (placeholder 0.8% of price)$85$1,016
HOA dues$238$2,856
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$63$750
Total operating expenses$586$7,035
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$13,800
Total operating expenses derived$7,035

$13,800 − $7,035 = $6,765

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$101,600
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$101,600 amortized at 6.7% over 30 years = $653/mo

CapEx reserve (5.0% of GSR)$63$750
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$6,765
Annual debt service derived$7,835
Annual CapEx reserve assumption$750
Annual PMI assumption$0

($6,765 − $7,835 − $750 − $0) ÷ 12 = -$152

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$6,765
Purchase price data$127,000

$6,765 ÷ $127,000 = 5.3%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$1,820
Total cash to close derived$31,750

-$1,820 ÷ $31,750 = -5.7%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$6,765
Annual debt service derived$7,835

$6,765 ÷ $7,835 = 0.86

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$15,000
Purchase price data$127,000

($15,000 ÷ 12) ÷ $127,000 = 1.0%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$127,000
Gross scheduled rent (annual) comp$15,000

$127,000 ÷ $15,000 = 8.5

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$7,035
Effective gross income derived$13,800

$7,035 ÷ $13,800 = 51.0%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$7,035
Annual debt service derived$7,835
Annual PMI assumption$0
Gross scheduled rent (annual) comp$15,000

($7,035 + $7,835 + $0) ÷ $15,000 = 99.1%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
apartment01585$2,1372024-09-28
apartment01385$1,2502026-02-02
apartment01585$2,428
condos0440$1,0002026-06-12
condos01440$1,0002026-05-26
condos01440$1,1502026-08-10
condos01440$1,1502026-06-11
condos01440$1,1902026-03-16
condos01440$1,2502026-05-17
apartment01440$1,3002026-04-23
condos0440$1,2502026-07-27
condos01440$1,5002026-08-26
apartment01400$1,0002026-08-31

540 NW 159th St

Miami, 33169 · rent comp

Bedrooms / bathrooms0 bd / 1 ba
Square footage585
Listed2024-09-28
Days on market

Asking rent: $2,137

View on Zillow →

16450 NW 2nd Ave Apt 103

Miami, 33169 · rent comp

Bedrooms / bathrooms0 bd / 1 ba
Square footage385
Listed2026-02-02
Days on market

Asking rent: $1,250

View on Zillow →

540 NW 259th St # 3-509

Miami, 33169 · rent comp

Bedrooms / bathrooms0 bd / 1 ba
Square footage585
Listed
Days on market

Asking rent: $2,428

View on Zillow →

291 NW 177th St Unit C107

Miami Gardens, 33169 · rent comp

Bedrooms / bathrooms0 bd / — ba
Square footage440
Listed2026-06-12
Days on market

Asking rent: $1,000

View on Zillow →

251 NW 177th St Unit A111

Miami Gardens, 33169 · rent comp

Bedrooms / bathrooms0 bd / 1 ba
Square footage440
Listed2026-05-26
Days on market

Asking rent: $1,000

View on Zillow →

291 NW 177th St Unit C117

Miami Gardens, 33169 · rent comp

Bedrooms / bathrooms0 bd / 1 ba
Square footage440
Listed2026-08-10
Days on market

Asking rent: $1,150

View on Zillow →

251 NW 177th St Unit A118

Miami Gardens, 33169 · rent comp

Bedrooms / bathrooms0 bd / 1 ba
Square footage440
Listed2026-06-11
Days on market

Asking rent: $1,150

View on Zillow →

251 NW 177th St Unit A218

Miami Gardens, 33169 · rent comp

Bedrooms / bathrooms0 bd / 1 ba
Square footage440
Listed2026-03-16
Days on market

Asking rent: $1,190

View on Zillow →

251 NW 177th St Unit A109

Miami Gardens, 33169 · rent comp

Bedrooms / bathrooms0 bd / 1 ba
Square footage440
Listed2026-05-17
Days on market

Asking rent: $1,250

View on Zillow →

251 NW 177th St Unit A120

Miami Gardens, 33169 · rent comp

Bedrooms / bathrooms0 bd / 1 ba
Square footage440
Listed2026-04-23
Days on market

Asking rent: $1,300

View on Zillow →

291 NW 177th St Unit C120

Miami Gardens, 33169 · rent comp

Bedrooms / bathrooms0 bd / — ba
Square footage440
Listed2026-07-27
Days on market

Asking rent: $1,250

View on Zillow →

251 NW 177th St Unit A122

Miami Gardens, 33169 · rent comp

Bedrooms / bathrooms0 bd / 1 ba
Square footage440
Listed2026-08-26
Days on market

Asking rent: $1,500

View on Zillow →

28 NW 170th St Unit 2

North Miami Beach, 33169 · rent comp

Bedrooms / bathrooms0 bd / 1 ba
Square footage400
Listed2026-08-31
Days on market

Asking rent: $1,000

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
430 NW 214th St Apt 103condos221,180$213,0002026-08-26
505 NW 177th St Apt 136condos11730$140,0002026-08-11
496 NW 165th St Rd Apt D214condos11826$99,9992026-08-08
500 NW 214th St Apt 103condos221,122$155,0002026-07-17
21217 NW 14th Pl Unit 2-22condos331,419$310,0002026-07-16
465 NW 210th St Apt 103condos22816$132,5002026-06-09
492 NW 165th St Rd Apt C314condos11826$105,0002026-05-29
505 NW 177th St Apt 139condos11730$130,0002026-05-15
440 NW 214th St Apt 104condos221,180$210,0002026-04-27
5366925887condos11576$84,5002026-04-17
17339 NW 7th Ave Unit 505condos231,140$297,9992026-04-17
550 NW 214th St Apt 201condos321,288$242,0002026-02-20
496 NW 165th St Rd Apt D211condos11826$115,0002026-02-04
484 NW 165th St Rd Apt A516condos221,036$137,7142026-02-04
15600 NW 7th Ave Apt 708condos221,087$155,0002026-02-02
484 NW 165th St Rd Apt A214condos11826$115,0002026-02-01
15600 NW 7th Ave Apt 301condos11840$119,0002026-01-13
15600 NW 7th Ave Apt 515condos11840$110,0002026-01-12
486 NW 165th St Rd Apt B506condos221,175$130,0002026-01-09
15600 NW 7th Ave Apt 618condos11840$94,0002025-12-18
50 NW 204th St Apt 24condos11576$105,0002025-11-26
498 NW 165th St Rd Apt D601condos221,036$107,0002025-11-19
17349 NW 7th Ave Unit 1006condos231,140$285,0002025-11-12
17341 NW 7th Ave Unit 603condos231,140$284,0002025-11-07
492 NW 165th St Rd Apt C309condos221,175$93,0002025-11-06
301 NW 177th St Apt 104condos11730$130,0002025-11-06
488 NW 165th Street Rd Unit 309Bcondos221,175$130,0002025-11-03
486 NW 165th St Rd Apt B306condos221,175$155,0002025-10-31
15600 NW 7th Ave Apt 311condos11840$112,0002025-09-11

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
16450 NW 2nd Ave Apt 404condos01385$135,000
16450 NW 2nd Ave Apt 206condos01385$135,000
291 NW 177th St Unit C107condos01440$110,000
271 NW 177th St Unit B216condos01450$135,000

10-year hold projection

IRR6.9%
Equity multiple2.10x
Total return (10yr)$51,436
YearProperty valueNOICash flowLoan balanceEquity
1$130,810$6,765-$1,820$100,498$30,312
2$134,734$7,003-$1,601$99,321$35,413
3$138,776$7,249-$1,374$98,063$40,713
4$142,940$7,504-$1,139$96,719$46,221
5$147,228$7,767-$896$95,282$51,946
6$151,645$8,039-$645$93,746$57,898
7$156,194$8,319-$385$92,106$64,088
8$160,880$8,610-$117$90,352$70,528
9$165,706$8,910$161$88,478$77,228
10$170,677$9,220$449$86,475$84,202
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.