3111 NW 57th St
Miami, FL 33142 · single_family · For Sale · 20 days on market
Asking price$549,500
3 beds 2 baths 1,656 sqft
Listed by Karen Lewis · Align Right Realty K1 Group
Typesingle_family
Built1960
Price / sqft$332
Est. value (own analysis)$558,900
Rent estimate (own analysis)$3,250/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeAir2/10MinorFlood1/10minimal$Wildfire1/10Minimal
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Statusfor_sale
Listed date2026-08-13
Removed date—
MLSMiamiMLS #A12069059
Coordinates25.82674, -80.24731
Address3111 NW 57th St
CityMiami
StateFL
Zip33142
Listing ID5259353632
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33142)
Typical home value (ZHVI)$430,103
Typical rent (ZORI)$2,350/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 | $549,500 |
| Down payment (20.0%) | $109,900 |
| Loan amount | $439,600 |
| Closing costs (5.0%) | $27,475 |
| Total cash to close | $137,375 |
| Income | |
| Rent (comp-derived) | $3,250$39,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,990$35,880 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $870$10,441 |
| Insurance (est. scaled by flood & wind risk) | $550$6,594 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $163$1,950 |
| Total operating expenses | $1,582$18,985 |
| 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) | $163$1,950 |
| 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 | 2,019 | $3,000 | 2026-08-19 | — | |
| single_family | 3 | 2 | 1,500 | $2,800 | 2026-08-11 | — | |
| single_family | 3 | 1 | 1,180 | $3,000 | 2026-08-08 | — | |
| single_family | 3 | 2 | 1,965 | $3,000 | 2026-08-06 | — | |
| single_family | 3 | 2 | 1,323 | $3,700 | 2026-08-05 | — | |
| single_family | 3 | 2 | 1,200 | $3,500 | 2026-06-26 | — | |
| single_family | 3 | 1 | 1,300 | $3,250 | 2026-06-24 | — | |
| single_family | 3 | 1 | 1,346 | $5,000 | 2026-08-13 | — | |
| single_family | 3 | 1 | 1,120 | $6,000 | 2025-06-09 | — | |
| single_family | 3 | 2 | 1,165 | $2,600 | 2026-04-24 | — | |
| single_family | 3 | 2 | 1,304 | $2,700 | 2023-06-22 | — | |
| single_family | 3 | 2 | 2,064 | $5,000 | — | — | |
| single_family | 3 | 2 | 1,086 | $3,250 | 2025-07-02 | — |
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 |
|---|---|---|---|---|---|---|
| 5267589405 | single_family | 3 | 2 | 1,256 | $415,000 | 2026-08-11 |
| 2045 NW 34th St | single_family | 3 | 2 | 1,469 | $510,000 | 2026-08-07 |
| 1500 NW 44th St | single_family | 3 | 1 | 1,319 | $395,000 | 2026-08-07 |
| 1892 NW 42nd St | single_family | 3 | 2 | 1,295 | $410,000 | 2026-07-31 |
| 3195 NW 49th St | single_family | 3 | 2 | 1,080 | $475,000 | 2026-07-22 |
| 1521 NW 51st St | single_family | 3 | 2 | 1,053 | $480,000 | 2026-07-22 |
| 4048 NW 22nd Ct | single_family | 3 | 1 | 1,449 | $400,000 | 2026-07-22 |
| 2153 NW 24th St | single_family | 3 | 1 | 2,618 | $400,000 | 2026-07-21 |
| 2933 NW 48th Ter | single_family | 3 | 2 | 810 | $435,000 | 2026-07-20 |
| 2331 NW 55th Ter | single_family | 3 | 2 | 667 | $420,000 | 2026-07-17 |
| 2410 NW 43rd St | single_family | 3 | 2 | 1,170 | $475,000 | 2026-07-17 |
| 5995 NW 24th Ave | single_family | 3 | 2 | 1,798 | $515,000 | 2026-07-16 |
| 3231 NW 48th Ter | single_family | 3 | 1 | 1,208 | $493,000 | 2026-07-14 |
| 2951 NW 57th St | single_family | 3 | 2 | 1,450 | $535,000 | 2026-07-13 |
| 4711 NW 16th Ave | single_family | 3 | 1 | 888 | $340,000 | 2026-07-10 |
| 1733 NW 40th St | single_family | 3 | 2 | 1,711 | $414,000 | 2026-07-06 |
| 2450 NW 32nd St | single_family | 3 | 2 | 1,476 | $495,000 | 2026-06-30 |
| 2255 NW 60th St | single_family | 3 | 2 | 1,104 | $490,000 | 2026-06-24 |
| 3249 NW 51st St | single_family | 3 | 1 | 1,468 | $523,000 | 2026-06-18 |
| 2129 NW 59th St | single_family | 3 | 2 | 988 | $400,000 | 2026-06-16 |
| 1925 NW 49th St | single_family | 3 | 2 | 1,425 | $554,800 | 2026-06-16 |
| 3280 NW 51st Ter | single_family | 3 | 2 | 1,748 | $642,000 | 2026-06-11 |
| 1451 NW 43rd St | single_family | 3 | 2 | 1,592 | $399,900 | 2026-06-09 |
| 1328 NW 31st St | single_family | 3 | 1 | 1,143 | $380,000 | 2026-06-09 |
| 5825 NW 13th Ave | single_family | 3 | 2 | 1,284 | $420,000 | 2026-06-02 |
| 1995 NW 58th St | single_family | 3 | 2 | 1,038 | $490,000 | 2026-06-02 |
| 3099 NW 51st St | single_family | 3 | 1 | 794 | $235,000 | 2026-05-29 |
| 6832141397 | single_family | 3 | 2 | 1,209 | $455,000 | 2026-05-28 |
| 1340 NW 52nd St | single_family | 3 | 1 | 953 | $400,000 | 2026-05-26 |
| 3265 NW 50th St | single_family | 3 | 1 | — | $415,000 | 2026-05-15 |
| 3364 NW 51st Ter | single_family | 3 | 1 | 1,435 | $440,000 | 2026-05-14 |
| 1781 NW 49th St | single_family | 3 | 2 | 1,600 | $540,000 | 2026-05-11 |
| 1721 NW 51st St | single_family | 3 | 2 | 1,560 | $510,000 | 2026-04-30 |
| 3354 NW 50th St | single_family | 3 | 2 | 1,554 | $485,000 | 2026-04-24 |
| 1800 NW 46th St | single_family | 3 | 2 | 1,450 | $420,000 | 2026-04-23 |
| 2951 NW 47th St | single_family | 3 | 2 | 1,010 | $495,000 | 2026-04-09 |
| 2040 NW 34th St | single_family | 3 | 2 | 1,218 | $555,000 | 2026-04-07 |
| 2350 NW 55th Ter | single_family | 3 | 2 | 1,189 | $245,000 | 2026-04-06 |
| 1811 NW 55th St | single_family | 3 | 1 | 1,035 | $380,000 | 2026-04-02 |
| 1955 NW 55th St | single_family | 3 | 1 | 1,160 | $320,000 | 2026-04-01 |
| 3090 NW 33rd St | single_family | 3 | 2 | 2,560 | $752,000 | 2026-04-01 |
| 1720 NW 44th St | single_family | 3 | 2 | 1,500 | $475,000 | 2026-03-31 |
| 1950 NW 57th St | single_family | 3 | 2 | 1,008 | $445,000 | 2026-03-31 |
| 3049 NW 51st St | single_family | 3 | 2 | 1,292 | $400,000 | 2026-03-30 |
| 2626 NW 13th Ave | single_family | 3 | 2 | 1,484 | $380,000 | 2026-03-30 |
| 1401 NW 44th St | single_family | 3 | 3 | 1,462 | $390,000 | 2026-03-20 |
| 2850 NW 56th St | single_family | 3 | 2 | 1,825 | $550,000 | 2026-03-20 |
| 4417 NW 23rd Ct | single_family | 3 | 1 | 885 | $474,900 | 2026-03-18 |
| 3140 NW 60th St | single_family | 3 | 2 | 1,560 | $530,000 | 2026-03-16 |
| 3235 NW 23rd Ave | single_family | 3 | 2 | 1,113 | $433,000 | 2026-03-03 |
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 |
|---|---|---|---|---|---|---|
| 5300 NW 30th Pl | single_family | 3 | 2 | 1,508 | $538,900 | — |
| 1300 NW 42nd St | single_family | 3 | 2 | 989 | $489,000 | — |
| 3300 NW 50th St | single_family | 3 | 1 | 832 | $419,000 | — |
| 3073 NW 59th St | single_family | 3 | 1 | 960 | $489,000 | — |
| 3035 NW 55th St | single_family | 3 | 1 | 957 | $375,000 | — |
| 6021 NW 21st Ave | single_family | 3 | 1 | 1,000 | $399,990 | — |
| 2030 NW 43rd St | single_family | 3 | 2 | 1,555 | $450,000 | — |
| 1780 NW 49th St | single_family | 3 | 2 | 1,040 | $555,000 | — |
10-year hold projection
IRR0.9%
Equity multiple1.15x
Total return (10yr)$92,211
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $565,985 | $16,896 | -$18,954 | $434,834 | $131,151 |
| 2 | $582,965 | $17,497 | -$18,401 | $429,740 | $153,224 |
| 3 | $600,453 | $18,120 | -$17,829 | $424,297 | $176,157 |
| 4 | $618,467 | $18,763 | -$17,237 | $418,480 | $199,987 |
| 5 | $637,021 | $19,428 | -$16,624 | $412,263 | $224,758 |
| 6 | $656,132 | $20,116 | -$15,991 | $405,620 | $250,512 |
| 7 | $675,816 | $20,826 | -$15,335 | $398,520 | $277,296 |
| 8 | $696,090 | $21,561 | -$14,657 | $390,932 | $305,158 |
| 9 | $716,973 | $22,321 | -$13,955 | $382,824 | $334,149 |
| 10 | $738,482 | $23,106 | -$13,229 | $374,159 | $364,323 |
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.