3035 NW 83rd St

Miami, FL 33147 · single_family · For Sale · 71 days on market
Asking price$565,000
3 beds 3 baths 1,716 sqft
View on Realtor.com →
Listed by Dariel Paula · La Costa Homes Realty
Typesingle_family
Built1953
Price / sqft$329
Est. value (own analysis)$696,679
Rent estimate (own analysis)$2,900/mo
HOANone
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Neighborhood

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Statusfor_sale
Listed date2026-06-23
Removed date
MLSMiamiMLS #A12038859
Coordinates25.84979, -80.24685
Address3035 NW 83rd St
CityMiami
StateFL
Zip33147
Listing ID5047124090
Sourceus-real-estate-listings, cached 2026-08-31

ZIP market snapshot (33147)

Typical home value (ZHVI)$444,132
Typical rent (ZORI)$2,154/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$565,000
Down payment (20.0%)$113,000
Loan amount$452,000
Closing costs (5.0%)$28,250
Total cash to close$141,250
Rent (comp-derived)$2,900$34,800
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$34,800
Vacancy rate (assumption) assumption8.0%

$34,800 × 8.0% = $2,784

Effective gross income$2,668$32,016
Property tax (placeholder 1.9% of price)$895$10,735
Insurance (placeholder 0.8% of price)$377$4,520
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$145$1,740
Total operating expenses$1,416$16,995
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$32,016
Total operating expenses derived$16,995

$32,016 − $16,995 = $15,021

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$452,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$452,000 amortized at 6.7% over 30 years = $2,905/mo

CapEx reserve (5.0% of GSR)$145$1,740
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$15,021
Annual debt service derived$34,856
Annual CapEx reserve assumption$1,740
Annual PMI assumption$0

($15,021 − $34,856 − $1,740 − $0) ÷ 12 = -$1,798

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$15,021
Purchase price data$565,000

$15,021 ÷ $565,000 = 2.7%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$21,575
Total cash to close derived$141,250

-$21,575 ÷ $141,250 = -15.3%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$15,021
Annual debt service derived$34,856

$15,021 ÷ $34,856 = 0.43

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$34,800
Purchase price data$565,000

($34,800 ÷ 12) ÷ $565,000 = 0.5%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$565,000
Gross scheduled rent (annual) comp$34,800

$565,000 ÷ $34,800 = 16.2

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$16,995
Effective gross income derived$32,016

$16,995 ÷ $32,016 = 53.1%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$16,995
Annual debt service derived$34,856
Annual PMI assumption$0
Gross scheduled rent (annual) comp$34,800

($16,995 + $34,856 + $0) ÷ $34,800 = 149.0%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family321,681$3,1502026-08-19
single_family321,130$3,2002026-08-13
single_family311,140$3,2002026-07-27
single_family312,081$2,5002026-07-16
single_family311,170$2,9002026-07-13
single_family311,988$2,6002026-07-09
single_family322,164$2,8002026-06-12
single_family331,279$5,0002026-04-29
single_family331,200$2,8992025-12-02
single_family321,537$2,7002023-10-22
single_family321,463$3,3502026-02-04
single_family321,286$2,6002026-08-28
single_family311,188$3,0002026-08-29

8130 NW 14th Ct

Miami, 33147 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,681
Listed2026-08-19
Days on market

Asking rent: $3,150

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2416 NW 88th St

Miami, 33147 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,130
Listed2026-08-13
Days on market

Asking rent: $3,200

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8924 NW 35th Ct Unit 8924

Miami, 33147 · rent comp

Bedrooms / bathrooms3 bd / 1 ba
Square footage1,140
Listed2026-07-27
Days on market

Asking rent: $3,200

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3540 NW 95th Ter

Miami, 33147 · rent comp

Bedrooms / bathrooms3 bd / 1 ba
Square footage2,081
Listed2026-07-16
Days on market

Asking rent: $2,500

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2354 NW 93rd Ter

Miami, 33147 · rent comp

Bedrooms / bathrooms3 bd / 1 ba
Square footage1,170
Listed2026-07-13
Days on market

Asking rent: $2,900

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2147 NW 100th St

Miami, 33147 · rent comp

Bedrooms / bathrooms3 bd / 1 ba
Square footage1,988
Listed2026-07-09
Days on market

Asking rent: $2,600

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2975 NW 96th St

Miami, 33147 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage2,164
Listed2026-06-12
Days on market

Asking rent: $2,800

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1221 NW 75th St Unit 0

Miami, 33147 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,279
Listed2026-04-29
Days on market

Asking rent: $5,000

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1780 NW 68th Ter

Miami, 33147 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,200
Listed2025-12-02
Days on market

Asking rent: $2,899

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2910 NW 70th Ter

Miami, 33147 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,537
Listed2023-10-22
Days on market

Asking rent: $2,700

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Miami, 33147 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,463
Listed2026-02-04
Days on market

Asking rent: $3,350

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2010 NW 70th St

Miami, 33147 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,286
Listed2026-08-28
Days on market

Asking rent: $2,600

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2998 NW 94th St Unit 2998

Miami, 33147 · rent comp

Bedrooms / bathrooms3 bd / 1 ba
Square footage1,188
Listed2026-08-29
Days on market

Asking rent: $3,000

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
8340 NW 22nd Plsingle_family321,134$500,0002026-09-02
1920 NW 69th Tersingle_family31974$420,0002026-08-27
1822 NW 66th Stsingle_family32$315,0002026-08-26
1669 NW 70th Stsingle_family31672$354,0002026-08-24
2276 NW 81st Stsingle_family321,183$350,0002026-08-17
3260 NW 95th Tersingle_family31851$575,0002026-08-14
10345 NW 35th Ctsingle_family311,038$550,0002026-08-13
7091 NW 21st Avesingle_family31612$324,5002026-08-12
3140 NW 97th Stsingle_family321,430$568,0002026-08-12
2165 NW 93rd Stsingle_family311,920$280,0002026-08-12
7031 NW 20th Avesingle_family321,122$510,0002026-08-10
6422 NW 29th Avesingle_family31950$300,0002026-08-05
8390 NW 18th Avesingle_family321,411$325,0002026-08-04
7759 NW 16th Avesingle_family321,456$476,0002026-08-04
2851 NW 106th Stsingle_family321,452$490,0002026-08-04
7738 NW 15th Avesingle_family321,450$468,0002026-07-31
2285 NW 89th Stsingle_family32870$485,0002026-07-30
2931 NW 66th Stsingle_family321,038$330,0002026-07-28
1580 NW 77th Tersingle_family321,100$270,0002026-07-24
3521 NW 80th Tersingle_family331,651$450,0002026-07-24
8200 NW 31st Avesingle_family321,208$550,0002026-07-22
2160 NW 98th Stsingle_family311,386$345,0002026-07-21
1738 NW 67th Stsingle_family31970$308,0002026-07-21
2121 NW 68th Tersingle_family311,091$420,0002026-07-21
7625 NW 14th Ctsingle_family31933$499,0002026-07-17
6306 NW 19th Ctsingle_family321,110$305,0002026-07-15
3510 NW 82nd Stsingle_family321,118$365,0002026-07-14
2222 NW 105th Stsingle_family321,137$499,0002026-07-13
7929 NW 36th Ctsingle_family321,250$557,0002026-07-13
6859 NW 17th Avesingle_family321,000$405,0002026-07-10
1239 NW 70th Stsingle_family311,556$320,0002026-07-10
7051 NW 21st Avesingle_family31800$310,0002026-07-02
10501 NW 35th Plsingle_family331,530$600,0002026-06-29
8330 NW 33rd Avesingle_family31888$430,0002026-06-26
1510 NW 93rd Stsingle_family311,283$320,0002026-06-26
2121 NW 64th Stsingle_family31828$400,0002026-06-26
2920 NW 64th Stsingle_family321,303$535,0002026-06-25
2371 NW 79th Tersingle_family321,000$465,0002026-06-24
9529 NW 29th Avesingle_family321,109$540,0002026-06-24
3115 NW 86th Stsingle_family31944$475,0002026-06-23
7700 NW 15th Avesingle_family321,376$560,0002026-06-16
3015 NW 83rd Stsingle_family31888$368,0002026-06-16
8765 NW 22nd Plsingle_family321,199$495,0002026-06-15
1901 NW 88th Tersingle_family321,521$505,0002026-06-12
3505 NW 83rd Tersingle_family31$547,0002026-06-09
1430 NW 87th Tersingle_family311,075$535,0002026-06-05
2145 NW 68th Tersingle_family311,116$395,0002026-06-04
7135 NW 16th Avesingle_family32920$435,0002026-06-02
3100 NW 70th Stsingle_family32891$430,0002026-05-29
1428 NW 97th Stsingle_family322,773$625,0002026-05-29

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
1891 NW 62nd Tersingle_family321,376$399,000
8400 NW 24th Ctsingle_family31880$449,900
9553 NW 26th Avemulti_family321,520$620,000
1530 NW 68th Tersingle_family31985$350,000
6234 NW 19th Ctsingle_family321,104$479,999
1925 NW 85th Stsingle_family311,020$389,900
1829 NW 62nd Tersingle_family32790$425,000
3074 NW 64th Stsingle_family321,224$500,000

10-year hold projection

IRR-0.2%
Equity multiple0.97x
Total return (10yr)$70,170
YearProperty valueNOICash flowLoan balanceEquity
1$581,950$15,021-$21,575$447,099$134,851
2$599,409$15,557-$21,083$441,862$157,546
3$617,391$16,110-$20,574$436,265$181,125
4$635,912$16,683-$20,047$430,284$205,628
5$654,990$17,275-$19,502$423,892$231,098
6$674,640$17,887-$18,938$417,061$257,578
7$694,879$18,520-$18,354$409,762$285,117
8$715,725$19,174-$17,750$401,960$313,765
9$737,197$19,850-$17,126$393,623$343,573
10$759,313$20,549-$16,480$384,714$374,599
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.