2986 NW 26th St
Miami, FL 33142 · multi_family · For Sale · 96 days on market
Asking price$1,200,000
8 beds 6 baths 3,768 sqft
Suggested offer$910,386$289,614 above the est. market value of $910,386.
View on Realtor.com →Listed by Benito Diaz · Compass Florida, LLC.
Typemulti_family
Built2007
Price / sqft$318
Est. value (own analysis)$910,386
Rent estimate (building total, own analysis)$9,458/mo
HOANone
Wind10/10Extreme$Flood4/10moderate$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-05-29
Removed date—
MLSMiamiMLS #A12027557
Coordinates25.79956, -80.24378
Address2986 NW 26th St
CityMiami
StateFL
Zip33142
Listing ID5293228374
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 | $1,200,000 |
| Down payment (20.0%) | $240,000 |
| Loan amount | $960,000 |
| Closing costs (5.0%) | $60,000 |
| Total cash to close | $300,000 |
| Income | |
| Rent (estimate) | $9,458$113,492 |
| Vacancy loss (8.0%) | |
| Effective gross income | $8,701$104,413 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,900$22,800 |
| Insurance (est. scaled by flood & wind risk) | $1,280$15,360 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $473$5,675 |
| Total operating expenses | $3,653$43,835 |
| 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) | $473$5,675 |
| 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.
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 |
|---|---|---|---|---|---|---|
| 4024 NW 23rd Ct | multi_family | 8 | 6 | 3,720 | $800,000 | 2026-02-09 |
| 2515 NW 52nd St Apt 1 | multi_family | 8 | 4 | 3,151 | $845,000 | 2025-12-19 |
| 1202 NW 61st St Apt 4 | multi_family | 8 | 4 | 3,824 | $731,250 | 2025-12-16 |
| 1920 NW 29th St | multi_family | 8 | 8 | 4,490 | $5,375,000 | 2025-12-03 |
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 |
|---|---|---|---|---|---|---|
| 1629 NW 40th St | multi_family | 8 | 6 | — | $969,900 | — |
| 1627 NW 40th St | single_family | 8 | 6 | — | $969,900 | — |
| 3527 NW 34th St | multi_family | 8 | 4 | 1,818 | $770,000 | — |
| 1286 NW 59th St | multi_family | 8 | 4 | 3,596 | $1,080,000 | — |
| 2835 NW 22nd Ave | multi_family | 8 | 4 | 4,421 | $1,149,000 | — |
| 3165 NW 61st St | multi_family | 8 | 6 | 2,894 | $950,000 | — |
| 1565 NW 47th St | multi_family | 8 | 4 | 2,245 | $995,000 | — |
| 1220 and 1222 NW 30th St | multi_family | 8 | 4 | 3,456 | $1,450,000 | — |
10-year hold projection
IRR6.3%
Equity multiple2.00x
Total return (10yr)$457,608
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,236,000 | $60,578 | -$19,127 | $949,591 | $286,409 |
| 2 | $1,273,080 | $62,615 | -$17,232 | $938,468 | $334,612 |
| 3 | $1,311,272 | $64,718 | -$15,275 | $926,581 | $384,691 |
| 4 | $1,350,611 | $66,890 | -$13,252 | $913,878 | $436,733 |
| 5 | $1,391,129 | $69,132 | -$11,162 | $900,302 | $490,827 |
| 6 | $1,432,863 | $71,448 | -$9,003 | $885,794 | $547,069 |
| 7 | $1,475,849 | $73,840 | -$6,772 | $870,289 | $605,559 |
| 8 | $1,520,124 | $76,309 | -$4,467 | $853,720 | $666,404 |
| 9 | $1,565,728 | $78,859 | -$2,086 | $836,013 | $729,715 |
| 10 | $1,612,700 | $81,492 | $374 | $817,090 | $795,609 |
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.