2890 NW 160th St

Miami Gardens, FL 33054 · single_family · For Sale · 117 days on market
Asking price$590,000
6 beds 4 baths 1,468 sqft
Suggested offer$566,046$23,954 above the est. market value of $566,046.
View on Realtor.com →
Listed by Nayda E. Reyes PA · COMPASS
Typesingle_family
Built1953
Price / sqft$402
Est. value (own analysis)$566,046
Rent estimate (Zillow ZIP avg)$2,279/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood6/10major$Air2/10MinorWildfire1/10Minimal
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-05-09
Removed date
MLSMiamiMLS #A12016018
Coordinates25.91943, -80.24823
Address2890 NW 160th St
CityMiami Gardens
StateFL
Zip33054
Listing ID5213788757
Sourceus-real-estate-listings, cached 2026-08-28

ZIP market snapshot (33054)

Typical home value (ZHVI)$429,838
Typical rent (ZORI)$2,279/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$590,000
Down payment (20.0%)$118,000
Loan amount$472,000
Closing costs (5.0%)$29,500
Total cash to close$147,500
Rent (ZIP avg, ZORI — not bedroom-specific)$2,279$27,353
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$27,353
Vacancy rate (assumption) assumption8.0%

$27,353 × 8.0% = $2,188

Effective gross income$2,097$25,165
Property tax (placeholder 1.9% of price)$934$11,210
Insurance (est. scaled by flood & wind risk)$688$8,260
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$114$1,368
Total operating expenses$1,736$20,838
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$25,165
Total operating expenses derived$20,838

$25,165 − $20,838 = $4,327

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$472,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$472,000 amortized at 6.7% over 30 years = $3,033/mo

CapEx reserve (5.0% of GSR)$114$1,368
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$4,327
Annual debt service derived$36,398
Annual CapEx reserve assumption$1,368
Annual PMI assumption$0

($4,327 − $36,398 − $1,368 − $0) ÷ 12 = -$2,787

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$4,327
Purchase price data$590,000

$4,327 ÷ $590,000 = 0.7%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$33,439
Total cash to close derived$147,500

-$33,439 ÷ $147,500 = -22.7%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$4,327
Annual debt service derived$36,398

$4,327 ÷ $36,398 = 0.12

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$27,353
Purchase price data$590,000

($27,353 ÷ 12) ÷ $590,000 = 0.4%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$590,000
Gross scheduled rent (annual) comp$27,353

$590,000 ÷ $27,353 = 21.6

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$20,838
Effective gross income derived$25,165

$20,838 ÷ $25,165 = 82.8%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$20,838
Annual debt service derived$36,398
Annual PMI assumption$0
Gross scheduled rent (annual) comp$27,353

($20,838 + $36,398 + $0) ÷ $27,353 = 209.2%

Comparables

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

No active rental listings cached yet for this bedroom count.

Widened to any bedroom count in ZIP. 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
900 Superior Stsingle_family422,010$695,0002026-08-25
1040 Curtiss Drsingle_family421,575$499,0002026-08-21
1881 NW 157th Stsingle_family32864$515,0002026-08-17
14370 NW 21st Ctsingle_family21594$367,0002026-08-14
16201 NW 18th Plsingle_family411,032$500,0002026-08-05
3100 NW 162nd Stsingle_family211,704$390,0002026-08-03
1535 NW 153rd Stsingle_family421,866$385,0002026-07-31
1890 Rutland Stsingle_family412,149$600,0002026-07-31
15970 NW 37th Plsingle_family421,320$525,0002026-07-29
2330 Rutland Stsingle_family521,622$518,0002026-07-24
1145 Sharar Avesingle_family211,160$300,0002026-07-22
1319 Jann Avesingle_family421,480$520,0002026-07-22
2310 W Bunche Park Drsingle_family31864$450,0002026-07-22
2270 Service Rdsingle_family431,838$570,0002026-07-21
16300 NW 44th Ctsingle_family423,756$900,0002026-07-21
2001 Rutland Stsingle_family21594$390,0002026-07-21
15921 NW 18th Plsingle_family421,372$570,0002026-07-20
1749 NW 152nd Stsingle_family32$490,0002026-07-17
6848866101single_family31966$405,0002026-07-17
15600 NW 37th Plsingle_family431,765$590,0002026-07-16
15815 NW 19th Avesingle_family21720$378,5002026-07-16
2525 NW 156th Stsingle_family311,020$415,0002026-07-16
1890 NW 152nd Tersingle_family321,512$500,0002026-07-15
15331 NW 28th Ctsingle_family431,740$589,9002026-07-15
805 Sultan Avesingle_family321,145$475,0002026-07-14
2445 NW 162nd Tersingle_family21998$455,0002026-07-13
16130 NW 28th Ctsingle_family421,200$545,0002026-07-13
3011 NW 152nd Tersingle_family31936$417,0002026-07-10
1971 Wilmington Stsingle_family32594$425,0002026-07-10
3260 NW 132nd Tersingle_family321,205$480,0002026-07-10
16431 NW 18th Avesingle_family341,505$572,5002026-07-09
2125 NW 158th Stsingle_family311,368$350,0002026-07-07
2440 NW 152nd Tersingle_family21962$400,0002026-07-03
15851 NW 18th Avesingle_family31864$400,0002026-07-02
2760 NW 164th Tersingle_family321,200$525,0002026-07-01
15770 NW 18th Plsingle_family312,541$387,0002026-06-29
16240 NW 22nd Avesingle_family321,416$550,0002026-06-29
15920 NW 41st Avesingle_family311,618$400,0002026-06-26
2241 Rutland Stsingle_family21594$310,0002026-06-24
2410 NW 155th Tersingle_family421,871$615,0002026-06-24
15210 NW 18th Avesingle_family312,280$460,0002026-06-23
2250 NW 154th Stsingle_family31988$420,0002026-06-18
2748 NW 131st Stsingle_family331,263$275,0002026-06-17
3171 NW 133rd Stsingle_family421,680$480,0002026-06-16
15740 NW 17th Ctsingle_family331,786$489,0002026-06-12
16401 NW 17th Ctsingle_family311,020$360,0002026-06-11
1246 Sharazad Blvdsingle_family311,306$499,9002026-06-09
3780 NW 165th Stsingle_family321,172$540,0002026-06-08
6268313432single_family43$575,0002026-06-07
16050 NW 27th Ctsingle_family421,240$599,0002026-06-05

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
single_family641,148$599,000
15700 NW 37th Plmulti_family642,664$720,000
2911 NW 135th Stmulti_family642,225$625,000
1980 Lincoln Avemulti_family621,440$700,000

10-year hold projection

IRR-5.2%
Equity multiple0.13x
Total return (10yr)-$51,098
YearProperty valueNOICash flowLoan balanceEquity
1$607,700$4,327-$33,439$466,882$140,818
2$625,931$4,561-$33,239$461,413$164,518
3$644,709$4,805-$33,031$455,569$189,140
4$664,050$5,058-$32,813$449,323$214,727
5$683,972$5,322-$32,586$442,648$241,323
6$704,491$5,597-$32,349$435,515$268,976
7$725,626$5,883-$32,102$427,892$297,733
8$747,394$6,180-$31,844$419,746$327,649
9$769,816$6,489-$31,575$411,040$358,776
10$792,911$6,811-$31,295$401,736$391,175
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.