331 188th St
Sunny Isles Beach, FL 33160 · single_family · For Sale · 179 days on market
Asking price$1,590,000
3 beds 3 baths 1,632 sqft
Suggested offer$1,335,103$254,897 above the est. market value of $1,335,103.
View on Realtor.com →Listed by Ozzie VEGA · Optimar International Realty
Typesingle_family
Built1949
Price / sqft$974
Est. value (own analysis)$1,335,103
Rent estimate (own analysis)$4,975/mo
HOANone
1 / 6
Show every detail
Statusfor_sale
Listed date2026-03-07
Removed date—
MLSMiamiMLS #A11978607
Coordinates25.94993, -80.12427
Address331 188th St
CitySunny Isles Beach
StateFL
Zip33160
Listing ID5247210744
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33160)
Typical home value (ZHVI)$518,452
Typical rent (ZORI)$3,079/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 | $1,590,000 |
| Down payment (20.0%) | $318,000 |
| Loan amount | $1,272,000 |
| Closing costs (5.0%) | $79,500 |
| Total cash to close | $397,500 |
| Income | |
| Rent (comp-derived) | $4,975$59,700 |
| Vacancy loss (8.0%) | |
| Effective gross income | $4,577$54,924 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,518$30,210 |
| Insurance (placeholder 0.8% of price) | $1,060$12,720 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $249$2,985 |
| Total operating expenses | $3,826$45,915 |
| 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) | $249$2,985 |
| 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 | 1,387 | $4,950 | 2026-08-03 | — | |
| single_family | 3 | 3 | 1,710 | $6,500 | 2026-08-18 | — | |
| single_family | 3 | 1 | 1,210 | $3,450 | 2026-04-20 | — | |
| single_family | 3 | 2 | 1,565 | $3,190 | — | — | |
| single_family | 3 | 2 | 1,320 | $3,500 | — | — | |
| single_family | 3 | 3 | 1,710 | $4,500 | — | — | |
| single_family | 3 | 4 | 1,892 | $7,999 | — | — | |
| single_family | 3 | 2 | 1,447 | $5,000 | — | — | |
| single_family | 3 | 2 | 1,447 | $5,500 | — | — | |
| single_family | 3 | 3 | 1,541 | $8,400 | — | — | |
| single_family | 3 | 2 | 1,492 | $6,500 | — | — | |
| single_family | 3 | 3 | 1,590 | $4,159 | 2026-05-21 | — |
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 |
|---|---|---|---|---|---|---|
| 220 187th St | single_family | 3 | 3 | 1,813 | $2,050,000 | 2026-07-15 |
| 3421 NE 170th St | single_family | 3 | 2 | 2,179 | $2,200,000 | 2026-07-10 |
| 272 191st Ter | single_family | 3 | 2 | 1,748 | $1,430,000 | 2026-06-08 |
| 300 187th St | single_family | 3 | 2 | 1,653 | $1,605,000 | 2026-03-31 |
| 2200 NE 174th St | single_family | 3 | 2 | 2,065 | $500,000 | 2025-12-29 |
| 350 190th St | single_family | 3 | 3 | 2,556 | $1,600,000 | 2025-11-26 |
| 210 187th St | single_family | 3 | 2 | 1,826 | $1,300,000 | 2025-11-24 |
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 |
|---|---|---|---|---|---|---|
| condos | 3 | 3 | 1,860 | $700,000 | — | |
| 17375 Collins Ave Unit 808 | condos | 3 | 3 | 1,860 | $825,000 | — |
| 17125 N Bay Rd Apt 3105 | condos | 3 | 2 | 1,264 | $475,000 | — |
| 3301 NE 183rd St Unit 1607 | condos | 3 | 4 | 3,069 | $1,690,000 | — |
| 18061 Biscayne Blvd Apt 502 | condos | 3 | 2 | 1,251 | $250,000 | — |
| 3700 Island Blvd Unit C402 | condos | 3 | 2 | 1,640 | $799,000 | — |
| 200 Sunny Isles Blvd Unit 2-1202 | condos | 3 | 2 | 1,615 | $799,900 | — |
| 3601 NE 170th St Apt 605 | condos | 3 | 2 | 1,300 | $320,000 | — |
10-year hold projection
IRR-5.6%
Equity multiple0.07x
Total return (10yr)-$162,927
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,637,700 | $9,009 | -$92,067 | $1,258,209 | $379,491 |
| 2 | $1,686,831 | $9,509 | -$91,641 | $1,243,470 | $443,361 |
| 3 | $1,737,436 | $10,029 | -$91,197 | $1,227,720 | $509,716 |
| 4 | $1,789,559 | $10,572 | -$90,734 | $1,210,888 | $578,671 |
| 5 | $1,843,246 | $11,136 | -$90,250 | $1,192,900 | $650,346 |
| 6 | $1,898,543 | $11,723 | -$89,744 | $1,173,677 | $724,866 |
| 7 | $1,955,499 | $12,335 | -$89,217 | $1,153,134 | $802,366 |
| 8 | $2,014,164 | $12,971 | -$88,668 | $1,131,180 | $882,985 |
| 9 | $2,074,589 | $13,633 | -$88,094 | $1,107,718 | $966,871 |
| 10 | $2,136,827 | $14,322 | -$87,497 | $1,082,646 | $1,054,181 |
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.