308 NW 159th St
Miami, FL 33169 · single_family · For Sale · 512 days on market
Asking price$1,799,000
5 beds 3 baths 3,683 sqft
Suggested offer$843,002$955,998 above the est. market value of $843,002.
View on Realtor.com →Listed by David Wilson · The R.E. Resource Grp., Inc.
Typesingle_family
Built1946
Price / sqft$488
Est. value (own analysis)$843,002
Rent estimate (own analysis)$18,000/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood7/10severe$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2025-04-08
Removed date—
MLSMiamiMLS #A11777152
Coordinates25.92003, -80.20620
Address308 NW 159th St
CityMiami
StateFL
Zip33169
Listing ID5051644641
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)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $1,799,000 |
| Down payment (20.0%) | $359,800 |
| Loan amount | $1,439,200 |
| Closing costs (5.0%) | $89,950 |
| Total cash to close | $449,750 |
| Income | |
| Rent (comp-derived) | $18,000$216,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $16,560$198,720 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,848$34,181 |
| Insurance (est. scaled by flood & wind risk) | $2,339$28,064 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $900$10,800 |
| Total operating expenses | $6,087$73,045 |
| 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) | $900$10,800 |
| 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
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| single_family | 5 | 6 | 4,646 | $45,000 | 2026-08-13 | — | |
| single_family | 5 | 5 | 4,343 | $55,000 | 2026-07-16 | — | |
| single_family | 5 | 3 | 2,495 | $6,500 | 2026-07-02 | — | |
| single_family | 5 | 5 | 3,010 | $14,300 | 2026-06-26 | — | |
| single_family | 5 | 4 | 3,029 | $24,500 | 2026-06-17 | — | |
| single_family | 5 | 5 | 4,197 | $19,900 | 2026-06-17 | — | |
| single_family | 5 | 3 | 4,305 | $7,000 | 2026-06-04 | — | |
| single_family | 5 | 3 | 2,455 | $6,400 | 2026-05-29 | — | |
| single_family | 5 | 3 | 2,588 | $6,000 | 2026-05-27 | — | |
| single_family | 5 | 5 | 4,400 | $18,000 | 2026-05-26 | — | |
| single_family | 5 | 5 | 3,600 | $25,000 | 2026-05-18 | — | |
| single_family | 5 | 5 | 3,470 | $45,000 | 2026-05-15 | — | |
| single_family | 5 | 4 | 3,275 | $10,000 | 2025-11-16 | — | |
| single_family | 5 | 6 | 3,115 | $30,000 | 2026-01-12 | — | |
| single_family | 5 | 4 | 4,119 | $25,000 | 2026-03-05 | — | |
| single_family | 5 | 5 | 4,119 | $18,500 | 2026-04-01 | — | |
| single_family | 5 | 5 | 4,057 | $14,950 | 2026-04-20 | — | |
| single_family | 5 | 3 | 2,702 | $5,500 | — | — | |
| single_family | 5 | 3 | 2,602 | $9,000 | 2026-09-01 | — |
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 |
|---|---|---|---|---|---|---|
| 18201 NW 5th Ave | single_family | 5 | 4 | 3,668 | $630,000 | 2026-08-03 |
| 18901 NW 10th Ct | single_family | 5 | 3 | 2,296 | $730,000 | 2026-07-30 |
| 15100 S River Dr | single_family | 5 | 2 | 4,346 | $950,000 | 2026-07-21 |
| 330 NW 205th Ter | single_family | 5 | 3 | 2,528 | $489,000 | 2026-05-07 |
| 311 NW 201st St | single_family | 5 | 2 | 2,634 | $630,000 | 2026-04-03 |
| 19501 NE 14 Ct | single_family | 5 | 6 | 4,780 | $2,757,000 | 2026-01-09 |
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.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 36 NW 151st St | multi_family | 5 | 3 | 2,625 | $725,000 | — |
| 1252 NW 172nd Ter | single_family | 5 | 3 | 2,068 | $725,000 | — |
| 660 S Biscayne River Dr | single_family | 5 | 3 | 2,072 | $799,000 | — |
| 17800 NW 8th Ave | single_family | 5 | 4 | 2,238 | $750,000 | — |
| 18935 NW 8th Ave | single_family | 5 | 2 | 1,918 | $675,000 | — |
10-year hold projection
IRR11.8%
Equity multiple2.84x
Total return (10yr)$1,061,858
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,852,970 | $125,675 | $3,890 | $1,423,596 | $429,374 |
| 2 | $1,908,559 | $129,810 | $7,756 | $1,406,920 | $501,639 |
| 3 | $1,965,816 | $134,079 | $11,748 | $1,389,099 | $576,717 |
| 4 | $2,024,790 | $138,485 | $15,870 | $1,370,055 | $654,736 |
| 5 | $2,085,534 | $143,033 | $20,127 | $1,349,702 | $735,832 |
| 6 | $2,148,100 | $147,727 | $24,523 | $1,327,952 | $820,148 |
| 7 | $2,212,543 | $152,572 | $29,063 | $1,304,708 | $907,835 |
| 8 | $2,278,919 | $157,573 | $33,750 | $1,279,869 | $999,051 |
| 9 | $2,347,287 | $162,734 | $38,591 | $1,253,323 | $1,093,964 |
| 10 | $2,417,706 | $168,061 | $43,589 | $1,224,954 | $1,192,751 |
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.