Miami, FL 33168 · single_family · For Sale · 123 days on market
Asking price$675,000
4 beds 2 baths 2,135 sqft
View on Realtor.com →
Listed by David Wilson · The R.E. Resource Grp., Inc.
Typesingle_family
Built1950
Price / sqft$316
Est. value (own analysis)$787,263
Rent estimate (own analysis)$5,000/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood7/10severe$Air2/10MinorWildfire1/10Minimal
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Neighborhood

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Statusfor_sale
Listed date2026-05-02
Removed date
MLSMiamiMLS #A12011897
Coordinates25.91079, -80.20518
Address
CityMiami
StateFL
Zip33168
Listing ID5315450248
Sourceus-real-estate-listings, cached 2026-09-01

ZIP market snapshot (33168)

Typical home value (ZHVI)$465,034
Typical rent (ZORI)$2,539/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$675,000
Down payment (20.0%)$135,000
Loan amount$540,000
Closing costs (5.0%)$33,750
Total cash to close$168,750
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)$1,069$12,825
Insurance (est. scaled by flood & wind risk)$878$10,530
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$250$3,000
Total operating expenses$2,196$26,355
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$55,200
Total operating expenses derived$26,355

$55,200 − $26,355 = $28,845

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$540,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$540,000 amortized at 6.7% over 30 years = $3,470/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$28,845
Annual debt service derived$41,642
Annual CapEx reserve assumption$3,000
Annual PMI assumption$0

($28,845 − $41,642 − $3,000 − $0) ÷ 12 = -$1,316

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$28,845
Purchase price data$675,000

$28,845 ÷ $675,000 = 4.3%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$15,797
Total cash to close derived$168,750

-$15,797 ÷ $168,750 = -9.4%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$28,845
Annual debt service derived$41,642

$28,845 ÷ $41,642 = 0.69

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$675,000

($60,000 ÷ 12) ÷ $675,000 = 0.7%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$675,000
Gross scheduled rent (annual) comp$60,000

$675,000 ÷ $60,000 = 11.3

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$26,355
Effective gross income derived$55,200

$26,355 ÷ $55,200 = 47.7%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$26,355
Annual debt service derived$41,642
Annual PMI assumption$0
Gross scheduled rent (annual) comp$60,000

($26,355 + $41,642 + $0) ÷ $60,000 = 113.3%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family431,212$3,5002026-07-16
single_family421,643$4,0002026-08-22
single_family421,175$6,0002026-04-01
single_family421,624$11,5002026-08-31

863 NW 139th St

Miami, 33168 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,212
Listed2026-07-16
Days on market

Asking rent: $3,500

View on Zillow →

40 NW 119th St Unit 0

Miami, 33168 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,643
Listed2026-08-22
Days on market

Asking rent: $4,000

View on Zillow →

14115 NW 5th Ave Unit 1

Miami, 33168 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,175
Listed2026-04-01
Days on market

Asking rent: $6,000

View on Zillow →

119 NW 110th St Unit 0

Miami Shores, 33168 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,624
Listed2026-08-31
Days on market

Asking rent: $11,500

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
181 NW 110th Stsingle_family421,887$835,0002026-08-25
14920 NW 12th Avesingle_family431,930$440,0002026-08-17
12805 NW 6th Avesingle_family421,445$570,0002026-08-13
14601 NW 10th Avesingle_family421,679$570,0002026-08-13
12625 NW 1st Ctsingle_family421,521$360,0002026-08-10
13840 NW 5th Ctsingle_family421,590$589,0002026-08-03
11500 N Miami Avesingle_family422,130$635,0002026-07-27
1160 NW 110th Stsingle_family431,528$340,0002026-06-16
235 NW 127th Stsingle_family431,146$595,0002026-06-04
11028 NW 2nd Avesingle_family431,200$835,0002026-06-01
1151 NW 112th Stsingle_family42$565,0002026-05-22
746 NW 112th Stsingle_family43$635,0002026-05-12
195 NW 115th Stsingle_family431,614$765,0002026-05-07
811 NW 112th Stsingle_family421,636$530,0002026-04-28
434 NW 110th Stsingle_family421,478$545,0002026-04-27
930 NW 145th Tersingle_family421,414$550,0002026-04-10
14135 N Miami Avesingle_family444,262$1,540,0002026-04-07
866 NW 108th Stsingle_family441,782$550,0002026-04-01
920 NW 133rd Stsingle_family422,207$350,0002026-03-23
6092963724single_family421,446$458,0002026-03-19
85 NW 126th Stsingle_family431,521$530,0002026-03-18
341 NW 147th Stsingle_family421,414$507,0002026-02-25
340 NW 139th Stsingle_family431,602$650,0002026-02-10
261 NW 144th Stsingle_family421,745$615,0002026-02-04
14000 N Miami Avesingle_family442,882$1,300,0002026-01-10
1063 NW 145th Stsingle_family421,395$545,0002025-12-23
900 NW 127th Stsingle_family422,093$515,0002025-12-01
240 NW 146th Stsingle_family421,460$640,0002025-11-26
315 NW 127th Stsingle_family421,714$360,0002025-11-21
144 NW 110th Stsingle_family452,548$2,080,0002025-11-10
13180 NW 11th Avesingle_family421,190$535,0002025-11-07
301 NW 108th Stsingle_family431,889$700,0002025-10-21
50 NW 124th Stsingle_family431,599$675,0002025-10-17
13130 NW 1st Avesingle_family421,991$747,0002025-10-09
814 NW 114th Stsingle_family421,595$600,0002025-09-25
1075 NW 124th Stsingle_family421,571$485,0002025-09-10
1143 NW 135th Stsingle_family431,834$355,0002025-09-08

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
1040 NW 149th Stsingle_family431,806$649,900
864 NW 116th Stsingle_family421,080$450,000
65 NW 116th Stsingle_family421,320$860,000
40 NW 119th Stsingle_family421,643$699,990
540 NW 111th Stsingle_family421,705$590,000
841 NW 116th Tersingle_family431,544$615,000
730 NW 138th Stsingle_family421,724$585,000
14901 NW 11th Avesingle_family432,100$649,999

10-year hold projection

IRR4.1%
Equity multiple1.66x
Total return (10yr)$200,039
YearProperty valueNOICash flowLoan balanceEquity
1$695,250$28,845-$15,797$534,145$161,105
2$716,108$29,842-$14,875$527,888$188,219
3$737,591$30,872-$13,922$521,202$216,389
4$759,718$31,937-$12,936$514,056$245,663
5$782,510$33,037-$11,917$506,419$276,091
6$805,985$34,174-$10,863$498,259$307,727
7$830,165$35,348-$9,773$489,537$340,628
8$855,070$36,561-$8,647$480,217$374,853
9$880,722$37,815-$7,483$470,257$410,465
10$907,144$39,110-$6,279$459,613$447,531
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.