5771 SW 94th St

Pinecrest, FL 33156 · single_family · For Sale · 44 days on market
Asking price$21,495,000
8 beds 9 baths 12,023 sqft
Suggested offer$14,638,072$6,856,928 above the est. market value of $14,638,072.
View on Realtor.com →
Listed by Angel Nicolas · Serhant
Typesingle_family
Built2022
Price / sqft$1788
Est. value (own analysis)$14,638,072
Rent estimate (Zillow ZIP avg)$2,706/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood3/10moderate$Air2/10MinorWildfire1/10Minimal
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-07-20
Removed date
MLSMiamiMLS #A12056522
Coordinates25.68431, -80.28621
Address5771 SW 94th St
CityPinecrest
StateFL
Zip33156
Listing ID9857670555
Sourceus-real-estate-listings, cached 2026-08-31

ZIP market snapshot (33156)

Typical home value (ZHVI)$1,543,591
Typical rent (ZORI)$2,706/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$21,495,000
Down payment (20.0%)$4,299,000
Loan amount$17,196,000
Closing costs (5.0%)$1,074,750
Total cash to close$5,373,750
Rent (ZIP avg, ZORI — not bedroom-specific)$2,706$32,468
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$32,468
Vacancy rate (assumption) assumption8.0%

$32,468 × 8.0% = $2,597

Effective gross income$2,489$29,870
Property tax (placeholder 1.9% of price)$34,034$408,405
Insurance (est. scaled by flood & wind risk)$22,928$275,136
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$135$1,623
Total operating expenses$57,097$685,164
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$29,870
Total operating expenses derived$685,164

$29,870 − $685,164 = -$655,294

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$17,196,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$17,196,000 amortized at 6.7% over 30 years = $110,506/mo

CapEx reserve (5.0% of GSR)$135$1,623
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-$655,294
Annual debt service derived$1,326,074
Annual CapEx reserve assumption$1,623
Annual PMI assumption$0

(-$655,294 − $1,326,074 − $1,623 − $0) ÷ 12 = -$165,249

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived-$655,294
Purchase price data$21,495,000

-$655,294 ÷ $21,495,000 = -3.0%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$1,982,991
Total cash to close derived$5,373,750

-$1,982,991 ÷ $5,373,750 = -36.9%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived-$655,294
Annual debt service derived$1,326,074

-$655,294 ÷ $1,326,074 = -0.49

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$32,468
Purchase price data$21,495,000

($32,468 ÷ 12) ÷ $21,495,000 = 0.0%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$21,495,000
Gross scheduled rent (annual) comp$32,468

$21,495,000 ÷ $32,468 = 662.0

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$685,164
Effective gross income derived$29,870

$685,164 ÷ $29,870 = 2293.8%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$685,164
Annual debt service derived$1,326,074
Annual PMI assumption$0
Gross scheduled rent (annual) comp$32,468

($685,164 + $1,326,074 + $0) ÷ $32,468 = 6194.6%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family899,532$65,0002026-07-21
single_family898,673$49,0002026-07-30

5900 SW 129th Ter

Pinecrest, 33156 · rent comp

Bedrooms / bathrooms8 bd / 9 ba
Square footage9,532
Listed2026-07-21
Days on market

Asking rent: $65,000

View on Zillow →

6445 SW 129th Ter

Pinecrest, 33156 · rent comp

Bedrooms / bathrooms8 bd / 9 ba
Square footage8,673
Listed2026-07-30
Days on market

Asking rent: $49,000

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
6730 SW 115th Stsingle_family899,117$11,100,0002026-05-27
33 Arvida Pkwysingle_family8812,543$55,000,0002026-04-22
12211 Pine Needle Lnsingle_family876,826$5,220,0002026-03-10

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
6290 Chapman Field Drsingle_family81211,670$16,250,000
641 Leucadendra Drsingle_family81013,193$78,000,000
6300 Moss Ranch Rdsingle_family8118,931$7,995,000
5900 SW 129th Tersingle_family899,935$16,990,000
12900 SW 63rd Avesingle_family899,019$11,999,999
6990 SW 91st Stsingle_family88$5,995,000
6190 SW 128th Stsingle_family8119,800$10,599,999
7425 Howard Drsingle_family898,455$6,900,000

10-year hold projection

IRR-14.5%
Equity multiple-1.51x
Total return (10yr)-$10,660,303
YearProperty valueNOICash flowLoan balanceEquity
1$22,139,850-$655,294-$1,982,991$17,009,557$5,130,293
2$22,804,046-$671,527-$1,999,265$16,810,311$5,993,735
3$23,488,167-$688,161-$2,015,940$16,597,382$6,890,784
4$24,192,812-$705,207-$2,033,029$16,369,832$7,822,980
5$24,918,596-$722,674-$2,050,539$16,126,655$8,791,941
6$25,666,154-$740,573-$2,068,483$15,866,779$9,799,375
7$26,436,139-$758,914-$2,086,870$15,589,057$10,847,081
8$27,229,223-$777,708-$2,105,712$15,292,264$11,936,959
9$28,046,100-$796,967-$2,125,019$14,975,090$13,071,010
10$28,887,483-$816,702-$2,144,803$14,636,134$14,251,348
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.