3165 NW 61st St
Miami, FL 33142 · multi_family · For Sale · 83 days on market
Asking price$950,000
8 beds 6 baths 2,894 sqft
Suggested offer$699,219$250,781 above the est. market value of $699,219.
View on Realtor.com →Listed by Jose A. Ortiz · Olde Towne Inter'l Rlty
Typemulti_family
Built2026
Price / sqft$328
Est. value (own analysis)$699,219
Rent estimate (building total, own analysis)$7,264/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeAir2/10MinorFlood1/10minimal$Wildfire1/10Minimal
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Statusfor_sale
Listed date2026-06-11
Removed date—
MLSMiamiMLS #A12032758
Coordinates25.83036, -80.24840
Address3165 NW 61st St
CityMiami
StateFL
Zip33142
Listing ID5034803095
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33142)
Typical home value (ZHVI)$430,103
Typical rent (ZORI)$2,350/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)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $950,000 |
| Down payment (20.0%) | $190,000 |
| Loan amount | $760,000 |
| Closing costs (5.0%) | $47,500 |
| Total cash to close | $237,500 |
| Income | |
| Rent (estimate) | $7,264$87,167 |
| Vacancy loss (8.0%) | |
| Effective gross income | $6,683$80,194 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,504$18,050 |
| Insurance (est. scaled by flood & wind risk) | $950$11,400 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $363$4,358 |
| Total operating expenses | $2,817$33,808 |
| Net operating income (NOI) | |
| Debt service & reserves | |
| Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing) | |
| CapEx reserve (5.0% of GSR) | $363$4,358 |
| Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%) | $0$0 |
| Cash flow |
Cap rate
Cash-on-cash
DSCR
Rent-to-price (1% rule)
Gross rent multiplier
Operating expense ratio
Break-even occupancy
Comparables
Same ZIP. Real active rental listings, used to derive the rent estimate above.
No active rental listings cached yet for this bedroom count.
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.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 4024 NW 23rd Ct | multi_family | 8 | 6 | 3,720 | $800,000 | 2026-02-09 |
| 2515 NW 52nd St Apt 1 | multi_family | 8 | 4 | 3,151 | $845,000 | 2025-12-19 |
| 1202 NW 61st St Apt 4 | multi_family | 8 | 4 | 3,824 | $731,250 | 2025-12-16 |
| 1920 NW 29th St | multi_family | 8 | 8 | 4,490 | $5,375,000 | 2025-12-03 |
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.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 1629 NW 40th St | multi_family | 8 | 6 | — | $969,900 | — |
| 1627 NW 40th St | single_family | 8 | 6 | — | $969,900 | — |
| 3527 NW 34th St | multi_family | 8 | 4 | 1,818 | $770,000 | — |
| 1286 NW 59th St | multi_family | 8 | 4 | 3,596 | $1,080,000 | — |
| 2835 NW 22nd Ave | multi_family | 8 | 4 | 4,421 | $1,149,000 | — |
| 2986 NW 26th St | multi_family | 8 | 6 | 3,768 | $1,200,000 | — |
| 1565 NW 47th St | multi_family | 8 | 4 | 2,245 | $995,000 | — |
| 1220 and 1222 NW 30th St | multi_family | 8 | 4 | 3,456 | $1,450,000 | — |
10-year hold projection
IRR5.9%
Equity multiple1.93x
Total return (10yr)$345,518
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $978,500 | $46,386 | -$16,580 | $751,760 | $226,740 |
| 2 | $1,007,855 | $47,946 | -$15,129 | $742,954 | $264,901 |
| 3 | $1,038,091 | $49,558 | -$13,629 | $733,543 | $304,547 |
| 4 | $1,069,233 | $51,222 | -$12,079 | $723,487 | $345,747 |
| 5 | $1,101,310 | $52,941 | -$10,477 | $712,739 | $388,571 |
| 6 | $1,134,350 | $54,716 | -$8,823 | $701,254 | $433,096 |
| 7 | $1,168,380 | $56,548 | -$7,114 | $688,980 | $479,401 |
| 8 | $1,203,432 | $58,441 | -$5,347 | $675,862 | $527,569 |
| 9 | $1,239,535 | $60,395 | -$3,523 | $661,845 | $577,690 |
| 10 | $1,276,721 | $62,413 | -$1,638 | $646,864 | $629,856 |
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.