320 NW 61st Ave
Miami, FL 33126 · single_family · For Sale · 32 days on market
Asking price$550,000
3 beds 2 baths 2,005 sqft
Listed by Liane Morejon · Coldwell Banker Realty
Typesingle_family
Built1977
Price / sqft$274
Est. value (own analysis)$785,398
Rent estimate (own analysis)$3,548/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood6/10major$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-08-01
Removed date—
MLSMiamiMLS #A12063775
Coordinates25.77475, -80.29567
Address320 NW 61st Ave
CityMiami
StateFL
Zip33126
Listing ID5225684296
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33126)
Typical home value (ZHVI)$303,717
Typical rent (ZORI)$2,370/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 | $550,000 |
| Down payment (20.0%) | $110,000 |
| Loan amount | $440,000 |
| Closing costs (5.0%) | $27,500 |
| Total cash to close | $137,500 |
| Income | |
| Rent (comp-derived) | $3,548$42,570 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,264$39,164 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $871$10,450 |
| Insurance (est. scaled by flood & wind risk) | $642$7,700 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $177$2,129 |
| Total operating expenses | $1,690$20,279 |
| 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) | $177$2,129 |
| 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.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| single_family | 3 | 2 | 1,762 | $2,800 | 2026-08-19 | — | |
| single_family | 3 | 1 | 1,345 | $3,000 | 2026-07-02 | — | |
| single_family | 3 | 2 | 1,486 | $3,500 | 2026-07-28 | — | |
| single_family | 3 | 2 | 2,186 | $4,400 | 2026-08-22 | — | |
| single_family | 3 | 3 | 1,392 | $10,000 | — | — | |
| single_family | 3 | 2 | 2,322 | $3,000 | — | — | |
| single_family | 3 | 3 | 1,898 | $4,350 | — | — | |
| single_family | 3 | 2 | 1,518 | $3,595 | 2026-08-12 | — |
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 |
|---|---|---|---|---|---|---|
| 235 NW 45th Ave | single_family | 3 | 2 | 967 | $790,000 | 2026-08-05 |
| 4263 NW 5th St | single_family | 3 | 2 | 1,776 | $690,000 | 2026-08-05 |
| 191 NW 85th Pl | single_family | 3 | 3 | 1,427 | $596,000 | 2026-07-20 |
| 347 NW 57th Ct | single_family | 3 | 2 | 1,770 | $550,000 | 2026-07-15 |
| 4071 NW 6th St | single_family | 3 | 1 | 1,126 | $630,000 | 2026-07-07 |
| 153 NW 61st Ave | single_family | 3 | 2 | 1,590 | $610,000 | 2026-06-18 |
| 550 NW 58th Ave | single_family | 3 | 2 | 1,186 | $660,000 | 2026-06-05 |
| 300 Northwest Blvd | single_family | 3 | 3 | 1,336 | $585,000 | 2026-05-29 |
| 5651 NW 3rd St | single_family | 3 | 2 | 1,718 | $640,000 | 2026-04-30 |
| 225 NW 40th Ct | single_family | 3 | 4 | 2,080 | $725,000 | 2026-04-27 |
| 8510 NW 1st Ter | single_family | 3 | 2 | 1,570 | $615,000 | 2026-04-21 |
| 420 NW 44th Ave | single_family | 3 | 2 | 1,316 | $525,000 | 2026-04-17 |
| 223 NW 40th Ct | single_family | 3 | 4 | 4,160 | $715,000 | 2026-03-26 |
| 200 NW 65th Ave | single_family | 3 | 1 | 1,428 | $50,000 | 2026-03-17 |
| 210 NW 59th Ave | single_family | 3 | 2 | 1,500 | $670,000 | 2026-02-26 |
| 5250 NW 4th St | single_family | 3 | 2 | 1,192 | $650,000 | 2026-01-30 |
| 260 NW 52nd Ave | single_family | 3 | 1 | 1,165 | $450,000 | 2026-01-28 |
| 5271 NW 1st St | single_family | 3 | 2 | 1,648 | $630,000 | 2026-01-21 |
| 411 NW 53rd Ave | single_family | 3 | 1 | 990 | $515,000 | 2026-01-16 |
| 260 NW 60th Ct | single_family | 3 | 2 | 1,582 | $650,000 | 2026-01-15 |
| 410 NW 58th Ct | single_family | 3 | 2 | 2,130 | $425,000 | 2026-01-02 |
| 8508 NW 1st Ter | single_family | 3 | 3 | 1,187 | $510,000 | 2025-12-04 |
| 241 NW 46th Ave | single_family | 3 | 3 | 1,720 | $650,000 | 2025-11-12 |
| 250 NW 61st Ave | single_family | 3 | 2 | 1,172 | $588,500 | 2025-11-05 |
| 941 NW 40th Ave | single_family | 3 | 2 | 1,462 | $750,000 | 2025-10-31 |
| 261 NW 59th Ct | single_family | 3 | 2 | 2,145 | $600,000 | 2025-10-30 |
| 630 NW 60th Ct | single_family | 3 | 2 | 1,177 | $554,000 | 2025-10-24 |
| 22 NW 59th Ct | single_family | 3 | 2 | 1,762 | $540,000 | 2025-10-22 |
| 239 NW 57th Ct | single_family | 3 | 2 | 1,494 | $520,000 | 2025-10-09 |
| 260 NW 57th Ct | single_family | 3 | 2 | 1,290 | $600,000 | 2025-09-30 |
| 232 NW 58th Ct | single_family | 3 | 2 | 1,977 | $630,000 | 2025-09-18 |
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 |
|---|---|---|---|---|---|---|
| 380 NW 85th Pl Unit 1406 | condos | 3 | 3 | 1,560 | $478,000 | — |
| 10 NW 60th Ct | single_family | 3 | 2 | 1,563 | $669,900 | — |
| 229-230 NW 48th Ct | multi_family | 3 | 3 | 1,265 | $699,000 | — |
| 8356 NW 10th St Unit 6D | townhomes | 3 | 3 | 1,600 | $480,000 | — |
| 350 NW 58th Ave | single_family | 3 | 2 | 1,205 | $697,000 | — |
| 5170 NW 2nd St | single_family | 3 | 2 | 1,734 | $595,000 | — |
| 333 NW 60th Ave | single_family | 3 | 2 | 1,167 | $483,000 | — |
| 390 NW 86th Ct Unit 803 | townhomes | 3 | 3 | 1,560 | $464,900 | — |
10-year hold projection
IRR1.9%
Equity multiple1.30x
Total return (10yr)$113,289
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $566,500 | $18,886 | -$17,173 | $435,229 | $131,271 |
| 2 | $583,495 | $19,554 | -$16,559 | $430,131 | $153,364 |
| 3 | $601,000 | $20,244 | -$15,923 | $424,683 | $176,317 |
| 4 | $619,030 | $20,958 | -$15,265 | $418,860 | $200,169 |
| 5 | $637,601 | $21,696 | -$14,584 | $412,638 | $224,963 |
| 6 | $656,729 | $22,459 | -$13,880 | $405,989 | $250,740 |
| 7 | $676,431 | $23,248 | -$13,152 | $398,882 | $277,548 |
| 8 | $696,724 | $24,063 | -$12,398 | $391,288 | $305,435 |
| 9 | $717,625 | $24,905 | -$11,619 | $383,173 | $334,453 |
| 10 | $739,154 | $25,776 | -$10,813 | $374,500 | $364,654 |
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.