151 NW 164th St
Miami, FL 33169 · multi_family · For Sale · 122 days on market
Asking price$1,250,000
— beds — baths 3,185 sqft
Suggested offer$471,445$778,555 above the est. market value of $471,445.
View on Realtor.com →Listed by Katty Chaparro · Urban Development & Investments Llc
Typemulti_family
Built1967
Price / sqft$392
Est. value (Zillow ZIP avg)$471,445
Rent estimate (building total, own analysis)$7,294/mo
HOANone
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Statusfor_sale
Listed date2026-05-03
Removed date—
MLSMiamiMLS #A12012164
Coordinates25.92549, -80.20317
Address151 NW 164th St
CityMiami
StateFL
Zip33169
Listing ID5118872401
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 | $1,250,000 |
| Down payment (20.0%) | $250,000 |
| Loan amount | $1,000,000 |
| Closing costs (5.0%) | $62,500 |
| Total cash to close | $312,500 |
| Income | |
| Rent (estimate) | $7,294$87,524 |
| Vacancy loss (8.0%) | |
| Effective gross income | $6,710$80,522 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,979$23,750 |
| Insurance (placeholder 0.8% of price) | $833$10,000 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $365$4,376 |
| Total operating expenses | $3,177$38,126 |
| 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) | $365$4,376 |
| 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.
No recent recorded sales cached yet for this ZIP.
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.
No other cached listings nearby for this bedroom count yet.
10-year hold projection
IRR1.8%
Equity multiple1.29x
Total return (10yr)$254,530
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,287,500 | $42,396 | -$39,096 | $989,158 | $298,342 |
| 2 | $1,326,125 | $43,858 | -$37,743 | $977,571 | $348,554 |
| 3 | $1,365,909 | $45,369 | -$36,344 | $965,189 | $400,720 |
| 4 | $1,406,886 | $46,931 | -$34,897 | $951,956 | $454,930 |
| 5 | $1,449,093 | $48,544 | -$33,402 | $937,814 | $511,278 |
| 6 | $1,492,565 | $50,211 | -$31,856 | $922,702 | $569,864 |
| 7 | $1,537,342 | $51,933 | -$30,258 | $906,551 | $630,791 |
| 8 | $1,583,463 | $53,712 | -$28,605 | $889,292 | $694,171 |
| 9 | $1,630,966 | $55,550 | -$26,898 | $870,847 | $760,119 |
| 10 | $1,679,895 | $57,448 | -$25,132 | $851,136 | $828,760 |
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.