21344 SW 126 Ct

Miami, FL 33177 · single_family · Pending — under contract · 34 days on market
Asking price$879,990
6 beds 3 baths 3,041 sqft
View on Realtor.com →
Listed by Rene Santa Maria · Lennar - Southeast FL
Typesingle_family
Built2026
Price / sqft$289
Est. value (own analysis)$1,198,771
Rent estimate (own analysis)$10,500/mo
HOANone
Show every detail
Statusfor_sale
Listed date2026-07-30
Removed date
MLSMiamiMLS #A12062747
Coordinates
Address21344 SW 126 Ct
CityMiami
StateFL
Zip33177
Listing ID9929863079
Sourceus-real-estate-listings, cached 2026-09-01

ZIP market snapshot (33177)

Typical home value (ZHVI)$574,510
Typical rent (ZORI)$2,784/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$879,990
Down payment (20.0%)$175,998
Loan amount$703,992
Closing costs (5.0%)$44,000
Total cash to close$219,998
Rent (comp-derived)$10,500$126,000
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$126,000
Vacancy rate (assumption) assumption8.0%

$126,000 × 8.0% = $10,080

Effective gross income$9,660$115,920
Property tax (placeholder 1.9% of price)$1,393$16,720
Insurance (placeholder 0.8% of price)$587$7,040
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$525$6,300
Total operating expenses$2,505$30,060
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$115,920
Total operating expenses derived$30,060

$115,920 − $30,060 = $85,860

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$703,992
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$703,992 amortized at 6.7% over 30 years = $4,524/mo

CapEx reserve (5.0% of GSR)$525$6,300
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$85,860
Annual debt service derived$54,288
Annual CapEx reserve assumption$6,300
Annual PMI assumption$0

($85,860 − $54,288 − $6,300 − $0) ÷ 12 = $2,106

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$85,860
Purchase price data$879,990

$85,860 ÷ $879,990 = 9.8%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived$25,272
Total cash to close derived$219,998

$25,272 ÷ $219,998 = 11.5%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$85,860
Annual debt service derived$54,288

$85,860 ÷ $54,288 = 1.58

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$126,000
Purchase price data$879,990

($126,000 ÷ 12) ÷ $879,990 = 1.2%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$879,990
Gross scheduled rent (annual) comp$126,000

$879,990 ÷ $126,000 = 7.0

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$30,060
Effective gross income derived$115,920

$30,060 ÷ $115,920 = 25.9%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$30,060
Annual debt service derived$54,288
Annual PMI assumption$0
Gross scheduled rent (annual) comp$126,000

($30,060 + $54,288 + $0) ÷ $126,000 = 66.9%

Comparables

Widened to city-wide. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family643,500$17,0002026-08-13
single_family653,462$16,5002026-08-07
single_family642,763$6,5002026-08-18
single_family632,417$8,0002026-08-05
single_family643,218$7,9002026-07-24
single_family653,390$13,0002026-06-25
single_family673,603$26,0002026-05-07
single_family653,446$30,0002023-02-13
single_family643,078$3,5002026-08-28
single_family632,716$2,0002026-08-26

1230 NE 89th St

Miami, 33138 · rent comp

Bedrooms / bathrooms6 bd / 4 ba
Square footage3,500
Listed2026-08-13
Days on market

Asking rent: $17,000

View on Zillow →

19231 NE 22nd Ave

Miami, 33180 · rent comp

Bedrooms / bathrooms6 bd / 5 ba
Square footage3,462
Listed2026-08-07
Days on market

Asking rent: $16,500

View on Zillow →

1435 SW 82nd Pl

Miami, 33144 · rent comp

Bedrooms / bathrooms6 bd / 4 ba
Square footage2,763
Listed2026-08-18
Days on market

Asking rent: $6,500

View on Zillow →

11951 SW 120th Ter

Miami, 33186 · rent comp

Bedrooms / bathrooms6 bd / 3 ba
Square footage2,417
Listed2026-08-05
Days on market

Asking rent: $8,000

View on Zillow →

6610 SW 104th Ct

Miami, 33173 · rent comp

Bedrooms / bathrooms6 bd / 4 ba
Square footage3,218
Listed2026-07-24
Days on market

Asking rent: $7,900

View on Zillow →

2600 SW 128th Ct

Miami, 33175 · rent comp

Bedrooms / bathrooms6 bd / 5 ba
Square footage3,390
Listed2026-06-25
Days on market

Asking rent: $13,000

View on Zillow →

1830 NE 193rd St

Miami, 33179 · rent comp

Bedrooms / bathrooms6 bd / 7 ba
Square footage3,603
Listed2026-05-07
Days on market

Asking rent: $26,000

View on Zillow →

9101 N Bayshore Dr

Miami, 33138 · rent comp

Bedrooms / bathrooms6 bd / 5 ba
Square footage3,446
Listed2023-02-13
Days on market

Asking rent: $30,000

View on Zillow →

8880 SW 25th St Unit 8880

Miami, 33165 · rent comp

Bedrooms / bathrooms6 bd / 4 ba
Square footage3,078
Listed2026-08-28
Days on market

Asking rent: $3,500

View on Zillow →

11722 SW 107th Ter

Miami, 33186 · rent comp

Bedrooms / bathrooms6 bd / 3 ba
Square footage2,716
Listed2026-08-26
Days on market

Asking rent: $2,000

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
16907 SW 142nd Plsingle_family321,406$552,5002026-09-02
17280 SW 146th Ctsingle_family421,801$720,0002026-08-28
18021 SW 138th Plsingle_family321,207$507,0002026-08-28
12181 SW 215th Stsingle_family32$425,0002026-08-26
14291 SW 171st Tersingle_family321,171$500,0002026-08-25
17570 SW 142nd Ctsingle_family321,144$520,0002026-08-24
11775 SW 173rd Tersingle_family321,564$560,0002026-08-21
17075 SW 145th Avesingle_family321,770$715,0002026-08-18
12110 SW 168th Stsingle_family311,164$575,0002026-08-18
19521 SW 128th Ctsingle_family322,645$780,0002026-08-17
14365 SW 172nd Lnsingle_family321,539$589,0002026-08-17
18420 SW 129th Avesingle_family421,920$530,0002026-08-14
12370 SW 190th Tersingle_family431,872$690,0002026-08-13
19880 SW 134th Avesingle_family533,316$1,550,0002026-08-13
14420 SW 157th Stsingle_family531,673$805,0002026-08-12
19596 SW 130th Avenue Rdsingle_family543,385$1,155,0002026-08-12
16540 SW 145th Ctsingle_family421,909$758,0002026-08-11
14490 SW 180th Stsingle_family321,486$615,0002026-08-10
11741 SW 182nd Tersingle_family421,684$650,0002026-08-10
17901 SW 144th Avesingle_family421,433$600,0002026-08-10
20129 SW 123rd Drsingle_family421,313$350,0002026-08-07
12325 SW 192nd Tersingle_family321,604$586,0002026-08-07
12021 SW 174th Stsingle_family322,598$569,9902026-08-07
12031 SW 172nd Stsingle_family321,878$750,0002026-08-07
21342 SW 132nd Plsingle_family432,804$860,0002026-08-06
11750 SW 169th Tersingle_family321,410$660,0002026-08-06
14530 SW 176th Tersingle_family432,099$705,0002026-08-05
19680 SW 121st Avesingle_family422,076$460,0002026-08-04
14368 SW 165th Stsingle_family321,725$680,0002026-08-04
16944 SW 144th Plsingle_family321,604$634,0002026-08-04
12971 SW 200th Tersingle_family421,797$640,0002026-08-04
18250 SW 139th Ctsingle_family321,300$550,0002026-08-03
12471 SW 190th Tersingle_family431,872$729,0002026-08-03
19757 SW 124th Avesingle_family321,349$590,0002026-08-03
11970 SW 177th Tersingle_family331,535$690,0002026-07-30
17403 SW 142nd Plsingle_family321,393$575,0002026-07-30
19059 SW 134th Ctsingle_family552,845$950,0002026-07-29
12330 SW 195th Tersingle_family421,824$690,0002026-07-24
12320 SW 202nd Tersingle_family321,367$445,0002026-07-24
13951 SW 152nd Tersingle_family422,539$500,0002026-07-22
14491 SW 161st Stsingle_family422,380$795,0002026-07-21
19707 SW 123rd Ctsingle_family321,462$610,9002026-07-15
13282 SW 200th Tersingle_family441,872$880,0002026-07-15
19411 SW 117th Avesingle_family421,680$385,7002026-07-15
16831 SW 139th Plsingle_family321,171$500,0002026-07-10
12970 SW 187th Tersingle_family433,396$850,0002026-07-09
18133 SW 144th Plsingle_family321,486$650,0002026-07-09
12130 SW 215th Stsingle_family21600$395,0002026-07-09
14443 SW 172nd Lnsingle_family321,522$655,0002026-07-09
14557 SW 160th Stsingle_family623,140$805,0002026-07-09

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
11941 SW 200th Stsingle_family631,764$680,000
SW 127th Ave & SW 212th Stsingle_family633,041$854,990
21240 SW 126th Ctsingle_family633,041$869,990
19727 SW 118th Plsingle_family632,243$749,000
12040 SW 215th Stmulti_family642,400$785,000
11911 SW 213th Stmulti_family642,029$799,000

10-year hold projection

IRR20.3%
Equity multiple4.05x
Total return (10yr)$786,098
YearProperty valueNOICash flowLoan balanceEquity
1$906,390$85,860$25,272$696,359$210,030
2$933,581$88,586$27,840$688,202$245,379
3$961,589$91,398$30,491$679,485$282,104
4$990,437$94,298$33,225$670,169$320,267
5$1,020,150$97,289$36,046$660,214$359,936
6$1,050,754$100,373$38,957$649,575$401,179
7$1,082,277$103,554$41,960$638,205$444,072
8$1,114,745$106,835$45,058$626,055$488,690
9$1,148,187$110,219$48,255$613,070$535,117
10$1,182,633$113,709$51,553$599,193$583,440
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.