2801 NW 6th St

Miami, FL 33125 · single_family · For Sale · 11 days on market
Asking price$699,000
4 beds 3 baths 1,970 sqft
Suggested offer$637,807$61,193 above the est. market value of $637,807.
View on Realtor.com →
Listed by Alejandro Mirambell · Chez Realty, LLC.
Typesingle_family
Built1947
Price / sqft$355
Est. value (own analysis)$637,807
Rent estimate (own analysis)$5,000/mo
HOANone
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Neighborhood

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Statusfor_sale
Listed date2026-08-22
Removed date
MLSMiamiMLS #A12075776
Coordinates25.77885, -80.24156
Address2801 NW 6th St
CityMiami
StateFL
Zip33125
Listing ID5281881338
Sourceus-real-estate-listings, cached 2026-08-28

ZIP market snapshot (33125)

Typical home value (ZHVI)$466,681
Typical rent (ZORI)$2,360/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)

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
Rent (comp-derived)$5,000$60,000
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$60,000
Vacancy rate (assumption) assumption8.0%

$60,000 × 8.0% = $4,800

Effective gross income$4,600$55,200
Property tax (placeholder 1.9% of price)$1,107$13,281
Insurance (placeholder 0.8% of price)$466$5,592
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$250$3,000
Total operating expenses$1,823$21,873
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$55,200
Total operating expenses derived$21,873

$55,200 − $21,873 = $33,327

Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing)

Monthly Principal & Interest

Standard amortization on the loan amount, at the effective rate and term

Loan amount derived$559,200
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$559,200 amortized at 6.7% over 30 years = $3,594/mo

CapEx reserve (5.0% of GSR)$250$3,000
Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%)$0$0
Cash flow

Monthly Cash Flow

(NOI − Annual Debt Service − Annual CapEx Reserve − Annual PMI) ÷ 12

NOI derived$33,327
Annual debt service derived$43,123
Annual CapEx reserve assumption$3,000
Annual PMI assumption$0

($33,327 − $43,123 − $3,000 − $0) ÷ 12 = -$1,066

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$33,327
Purchase price data$699,000

$33,327 ÷ $699,000 = 4.8%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$12,796
Total cash to close derived$174,750

-$12,796 ÷ $174,750 = -7.3%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$33,327
Annual debt service derived$43,123

$33,327 ÷ $43,123 = 0.77

Rent-to-price (1% rule)

Rent-to-Price (the "1% rule")

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$60,000
Purchase price data$699,000

($60,000 ÷ 12) ÷ $699,000 = 0.7%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$699,000
Gross scheduled rent (annual) comp$60,000

$699,000 ÷ $60,000 = 11.7

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$21,873
Effective gross income derived$55,200

$21,873 ÷ $55,200 = 39.6%

Break-even occupancy

Break-Even Occupancy

(Total OpEx + Annual Debt Service + Annual PMI) ÷ Gross Scheduled Rent

Total operating expenses derived$21,873
Annual debt service derived$43,123
Annual PMI assumption$0
Gross scheduled rent (annual) comp$60,000

($21,873 + $43,123 + $0) ÷ $60,000 = 108.3%

Comparables

Same ZIP. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family421,408$5,0002026-07-15
single_family432,741$6,5002026-08-30
single_family433,160$3,9502026-06-25
single_family44$4,999
single_family432,000$6,0002022-11-07

1826 NW S River Dr Unit 0

Miami, 33125 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,408
Listed2026-07-15
Days on market

Asking rent: $5,000

View on Zillow →

112 NW 24th Ct

Miami, 33125 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage2,741
Listed2026-08-30
Days on market

Asking rent: $6,500

View on Zillow →

Miami, 33125 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage3,160
Listed2026-06-25
Days on market

Asking rent: $3,950

View on Zillow →

1805 NW 22nd Ct

Miami, 33125 · rent comp

Bedrooms / bathrooms4 bd / 4 ba
Square footage
Listed
Days on market

Asking rent: $4,999

View on Zillow →

901 NW 22nd Pl

Miami, 33125 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage2,000
Listed2022-11-07
Days on market

Asking rent: $6,000

View on Zillow →

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
920 NW 35th Avesingle_family431,353$690,0002026-07-31
1918 NW 19th Avesingle_family421,520$660,0002026-07-23
1644 NW 8th Tersingle_family452,640$1,100,0002026-07-10
2965 NW 1st Stsingle_family431,350$234,0002026-06-16
1960 NW 24th Ctsingle_family422,088$635,0002026-06-04
421 NW 32nd Ctsingle_family421,842$655,0002026-05-18
830 NW 30th Ctsingle_family421,915$620,0002026-05-01
2091 NW 14th Stsingle_family423,588$1,500,0002026-04-21
46 NW 24th Ctsingle_family442,046$635,0002026-03-31
1829 NW 31st Avesingle_family421,998$623,0002026-03-23
3522 NW 5th Stsingle_family421,769$625,0002026-03-20
3501 NW 3rd Stsingle_family421,172$290,0002026-03-12
3508 NW 19th Tersingle_family421,675$780,0002026-02-02
810 NW 24th Ctsingle_family432,082$510,0002026-01-30
1050 NW 30th Avesingle_family422,210$690,0002025-12-10
911 NW 30th Plsingle_family432,477$599,9002025-12-08
810 NW 17th Ctsingle_family421,435$475,0002025-09-12

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.

AddressTypeBedsBathsSqftAsking priceDays on market
201 NW 25th Avesingle_family422,085$700,000
3536 NW 14th Tersingle_family431,760$785,000
1442 NW 2nd Stsingle_family421,598$5,000,000
21 NW 32nd Ctmulti_family421,680$799,999
1888 NW 18th Stmulti_family421,366$480,000
112 NW 24th Ctsingle_family43$1,200,000
1600 NW 29th Avesingle_family421,448$620,000
2323 NW 1st Stsingle_family431,950$679,999

10-year hold projection

IRR5.6%
Equity multiple1.89x
Total return (10yr)$246,558
YearProperty valueNOICash flowLoan balanceEquity
1$719,970$33,327-$12,796$553,137$166,833
2$741,569$34,436-$11,762$546,658$194,911
3$763,816$35,581-$10,693$539,733$224,083
4$786,731$36,764-$9,590$532,334$254,397
5$810,333$37,984-$8,450$524,426$285,907
6$834,643$39,245-$7,272$515,975$318,668
7$859,682$40,546-$6,056$506,943$352,738
8$885,472$41,889-$4,800$497,292$388,180
9$912,036$43,276-$3,502$486,978$425,059
10$939,398$44,707-$2,162$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.
All figures are estimates for evaluation purposes only, not investment, tax, legal, or insurance advice. Property tax is estimated from a real matched tax bill or millage rate when available, a placeholder % of price otherwise; insurance is scaled by flood and wind risk where those are known and a flat percentage otherwise — never a real quote. Verify all of them, along with association restrictions and permit status, before committing capital. Rent estimates come from real comps or Zillow’s ZIP index, not appraisals.