1840 NW 63rd St
Miami, FL 33147 · multi_family · Pending — under contract · 110 days on market
Asking price$769,900
6 beds 4 baths 2,032 sqft
Suggested offer$629,371$140,529 above the est. market value of $629,371.
View on Realtor.com →Listed by Ivan Rabinovich · Keller Williams Eagle Realty
Typemulti_family
Built2026
Price / sqft$379
Est. value (own analysis)$629,371
Rent estimate (building total, own analysis)$4,552/mo
HOANone
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Statusfor_sale
Listed date2026-05-15
Removed date—
MLSMiamiMLS #A12019657
Coordinates25.83270, -80.22783
Address1840 NW 63rd St
CityMiami
StateFL
Zip33147
Listing ID5207032249
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)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $769,900 |
| Down payment (20.0%) | $153,980 |
| Loan amount | $615,920 |
| Closing costs (5.0%) | $38,495 |
| Total cash to close | $192,475 |
| Income | |
| Rent (estimate) | $4,552$54,620 |
| Vacancy loss (8.0%) | |
| Effective gross income | $4,188$50,251 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,219$14,628 |
| Insurance (placeholder 0.8% of price) | $513$6,159 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $228$2,731 |
| Total operating expenses | $1,960$23,518 |
| 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) | $228$2,731 |
| 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 |
|---|---|---|---|---|---|---|
| 2121 NW 72nd St | multi_family | 6 | 4 | 1,850 | $699,900 | 2026-07-29 |
| 3285 NW 92nd St | multi_family | 6 | 1 | 2,057 | $610,000 | 2026-01-06 |
| 2941 NW 96th St | multi_family | 6 | 2 | 2,373 | $600,000 | 2025-12-16 |
| 1780 NW 68th Ter | multi_family | 6 | 6 | 2,400 | $775,000 | 2025-09-29 |
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.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 2419 NW 97th St | multi_family | 6 | 6 | 2,572 | $1,100,000 | — |
| 2109 NW 65th St | multi_family | 6 | 4 | 2,300 | $785,000 | — |
| 2975 NW 96th St | single_family | 6 | 4 | 2,164 | $749,900 | — |
| 1766 NW 68th Ter | multi_family | 6 | 4 | 2,144 | $749,000 | — |
| 2249/2251 NW 66th St | multi_family | 6 | 4 | 2,440 | $805,000 | — |
| 2271/2273 NW 66th St | multi_family | 6 | 4 | 2,440 | $805,000 | — |
| 1331 NW 87th St | single_family | 6 | 4 | 3,585 | $850,000 | — |
| 9700 NW 20th Ave | multi_family | 6 | 4 | — | $749,000 | — |
10-year hold projection
IRR2.0%
Equity multiple1.33x
Total return (10yr)$163,487
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $792,997 | $26,732 | -$23,496 | $609,242 | $183,755 |
| 2 | $816,787 | $27,652 | -$22,644 | $602,105 | $214,681 |
| 3 | $841,291 | $28,602 | -$21,764 | $594,479 | $246,812 |
| 4 | $866,529 | $29,583 | -$20,854 | $586,329 | $280,201 |
| 5 | $892,525 | $30,598 | -$19,914 | $577,618 | $314,907 |
| 6 | $919,301 | $31,645 | -$18,941 | $568,310 | $350,991 |
| 7 | $946,880 | $32,728 | -$17,936 | $558,363 | $388,517 |
| 8 | $975,286 | $33,846 | -$16,897 | $547,732 | $427,554 |
| 9 | $1,004,545 | $35,001 | -$15,823 | $536,372 | $468,173 |
| 10 | $1,034,681 | $36,194 | -$14,713 | $524,231 | $510,450 |
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.