1068 NW 5th St
Miami, FL 33128 · multi_family · For Sale · 205 days on market
Asking price$1,990,000
12 beds 17 baths 4,480 sqft
Suggested offer$1,289,117$700,883 above the est. market value of $1,289,117.
View on Realtor.com →Listed by Maria Dolores Marianeschi · Binter Real Estate
Typemulti_family
Built1924
Price / sqft$444
Est. value (own analysis)$1,289,117
Rent estimate (building total, own analysis)$14,202/mo
HOANone
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Statusfor_sale
Listed date2026-02-09
Removed date—
MLSMiamiMLS #A11955293
Coordinates25.77819, -80.21295
Address1068 NW 5th St
CityMiami
StateFL
Zip33128
Listing ID5239833982
Sourceus-real-estate-listings, cached 2026-08-29
ZIP market snapshot (33128)
Typical home value (ZHVI)$433,117
Typical rent (ZORI)$2,681/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 | $1,990,000 |
| Down payment (20.0%) | $398,000 |
| Loan amount | $1,592,000 |
| Closing costs (5.0%) | $99,500 |
| Total cash to close | $497,500 |
| Income | |
| Rent (estimate) | $14,202$170,419 |
| Vacancy loss (8.0%) | |
| Effective gross income | $13,065$156,786 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $3,151$37,810 |
| Insurance (placeholder 0.8% of price) | $1,327$15,920 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $710$8,521 |
| Total operating expenses | $5,188$62,251 |
| 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) | $710$8,521 |
| 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.
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.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 1124 NW 3rd St | multi_family | 6 | 4 | 2,881 | $875,000 | 2026-07-06 |
| 226 NW 11th Ave | multi_family | 7 | 1 | 2,934 | $600,000 | 2026-06-08 |
| 453 NW 3rd St Apt 504 | multi_family | 4 | 4 | 2,967 | $6,700,000 | 2026-04-07 |
| 219 NW 10th Ave | multi_family | — | — | 3,240 | $1,100,000 | 2026-03-30 |
| 711 NW 1st St Apt 3 | multi_family | 4 | 4 | 3,558 | $1,010,000 | 2026-03-10 |
| 1021 NW 4th St | multi_family | 8 | — | 2,438 | $680,000 | 2026-03-04 |
| 701 NW 1st St | multi_family | — | — | 3,510 | $1,010,000 | 2026-02-26 |
| 711 NW 1st St | multi_family | — | — | 3,510 | $1,010,000 | 2026-02-26 |
| 950 NW 5th St | multi_family | 9 | 3 | 3,498 | $591,000 | 2025-12-31 |
Widened to city-wide. 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 |
|---|---|---|---|---|---|---|
| 6480 NE 1st Ave | multi_family | 12 | 8 | 7,570 | $2,150,000 | — |
| 410 NW 47th Ave | multi_family | 12 | 8 | 6,052 | $2,650,000 | — |
| 1910 NW 72nd St | multi_family | 12 | 7 | 4,951 | $1,125,000 | — |
| 500 SW 8th Ave | single_family | 12 | 6 | 4,658 | $1,649,999 | — |
10-year hold projection
IRR5.5%
Equity multiple1.88x
Total return (10yr)$698,198
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $2,049,700 | $94,535 | -$36,754 | $1,574,739 | $474,961 |
| 2 | $2,111,191 | $97,682 | -$33,819 | $1,556,293 | $554,898 |
| 3 | $2,174,527 | $100,932 | -$30,788 | $1,536,580 | $637,947 |
| 4 | $2,239,763 | $104,286 | -$27,657 | $1,515,514 | $724,249 |
| 5 | $2,306,955 | $107,750 | -$24,423 | $1,493,000 | $813,955 |
| 6 | $2,376,164 | $111,326 | -$21,082 | $1,468,941 | $907,223 |
| 7 | $2,447,449 | $115,018 | -$17,631 | $1,443,230 | $1,004,219 |
| 8 | $2,520,872 | $118,830 | -$14,066 | $1,415,753 | $1,105,120 |
| 9 | $2,596,499 | $122,765 | -$10,385 | $1,386,389 | $1,210,110 |
| 10 | $2,674,394 | $126,827 | -$6,582 | $1,355,009 | $1,319,385 |
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.