2512 NW 68th St
Miami, FL 33147 · multi_family · For Sale · 119 days on market
Asking price$699,000
4 beds 2 baths 1,560 sqft
Suggested offer$493,163$205,837 above the est. market value of $493,163.
View on Realtor.com →Listed by Yamisderky Pelier Barranco · Legacy Group Real Estate, Llc.
Typemulti_family
Built1959
Price / sqft$448
Est. value (own analysis)$493,163
Rent estimate (building total, own analysis)$3,494/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeAir2/10MinorFlood1/10minimal$Wildfire1/10Minimal
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Statusfor_sale
Listed date2026-05-06
Removed date—
MLSMiamiMLS #A12009398
Coordinates25.83606, -80.23958
Address2512 NW 68th St
CityMiami
StateFL
Zip33147
Listing ID5255925165
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 | $699,000 |
| Down payment (20.0%) | $139,800 |
| Loan amount | $559,200 |
| Closing costs (5.0%) | $34,950 |
| Total cash to close | $174,750 |
| Income | |
| Rent (estimate) | $3,494$41,933 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,215$38,578 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,107$13,281 |
| Insurance (est. scaled by flood & wind risk) | $699$8,388 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $175$2,097 |
| Total operating expenses | $1,980$23,766 |
| 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) | $175$2,097 |
| 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
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| multi_family | 4 | 2 | 1,686 | $3,400 | 2026-08-24 | — |
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 |
|---|---|---|---|---|---|---|
| 2986 NW 91st St | multi_family | 4 | 3 | 2,114 | $675,000 | 2026-03-13 |
| 1817 NW 90th St | multi_family | 4 | 1 | 2,171 | $299,900 | 2026-02-27 |
| 9164 NW 30th Ct | multi_family | 4 | 2 | 1,440 | $578,000 | 2026-01-02 |
| 3121 NW 103rd St | multi_family | 4 | 2 | 2,077 | $650,000 | 2025-12-30 |
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 |
|---|---|---|---|---|---|---|
| 1760 NW 84th St | single_family | 4 | 2 | 1,180 | $575,000 | — |
| 3520 NW 79th St | mobile | 4 | 3 | 1,578 | $54,500 | — |
| 2950 NW 93rd St | single_family | 4 | 3 | 1,850 | $695,000 | — |
| 3168 NW 66th St | single_family | 4 | 1 | 940 | $329,000 | — |
| 2118 NW 86th St | single_family | 4 | 2 | 749 | $650,000 | — |
| 3265 NW 80th Ter | single_family | 4 | 2 | 1,728 | $545,000 | — |
| 10401 NW 33rd Ave | single_family | 4 | 4 | 1,972 | $670,000 | — |
| 2106 NW 70th St | single_family | 4 | 3 | 953 | $350,000 | — |
10-year hold projection
IRR-1.6%
Equity multiple0.73x
Total return (10yr)$44,925
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $719,970 | $14,813 | -$30,407 | $553,137 | $166,833 |
| 2 | $741,569 | $15,376 | -$29,896 | $546,658 | $194,911 |
| 3 | $763,816 | $15,959 | -$29,367 | $539,733 | $224,083 |
| 4 | $786,731 | $16,562 | -$28,818 | $532,334 | $254,397 |
| 5 | $810,333 | $17,187 | -$28,250 | $524,426 | $285,907 |
| 6 | $834,643 | $17,834 | -$27,661 | $515,975 | $318,668 |
| 7 | $859,682 | $18,504 | -$27,051 | $506,943 | $352,738 |
| 8 | $885,472 | $19,196 | -$26,419 | $497,292 | $388,180 |
| 9 | $912,036 | $19,914 | -$25,764 | $486,978 | $425,059 |
| 10 | $939,398 | $20,656 | -$25,086 | $475,955 | $463,442 |
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.