503 NW 43rd Pl
Miami, FL 33126 · single_family · For Sale · 4 days on market
Asking price$509,999
2 beds 1 baths 1,344 sqft
Listed by Jhon Salazar PA · Real Estate Craft, LLC.
Typesingle_family
Built—
Price / sqft$379
Est. value (Realtor.com)$519,400
Rent estimate (own analysis)$2,875/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood6/10major$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-08-29
Removed date—
MLSMiamiMLS #A12080076
Coordinates25.77707, -80.26721
Address503 NW 43rd Pl
CityMiami
StateFL
Zip33126
Listing ID5334828018
Sourcerealtor, cached 2026-09-01
ZIP market snapshot (33126)
Typical home value (ZHVI)$303,717
Typical rent (ZORI)$2,370/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 | $509,999 |
| Down payment (20.0%) | $102,000 |
| Loan amount | $407,999 |
| Closing costs (5.0%) | $25,500 |
| Total cash to close | $127,500 |
| Income | |
| Rent (comp-derived) | $2,875$34,500 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,645$31,740 |
| Operating expenses | |
| Property tax (real MLS tax bill, from Realtor Search) | $189$2,266 |
| Insurance (est. scaled by flood & wind risk) | $595$7,140 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $144$1,725 |
| Total operating expenses | $928$11,131 |
| 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) | $144$1,725 |
| 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 | 2 | 2 | 928 | $2,800 | 2026-08-21 | — | |
| single_family | 2 | 2 | 935 | $2,100 | 2026-08-14 | — | |
| single_family | 2 | 1 | 1,088 | $2,950 | 2026-07-31 | — | |
| single_family | 2 | 1 | 1,529 | $5,000 | 2026-08-13 | — |
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 |
|---|---|---|---|---|---|---|
| 110 NW 51st Ave | single_family | 2 | 1 | 1,270 | $500,000 | 2026-08-12 |
| 527 NW 61st Ave | single_family | 2 | 1 | 1,004 | $325,000 | 2026-08-05 |
| 440 NW 38th Ct | single_family | 2 | 1 | 1,379 | $670,000 | 2026-07-13 |
| 3830 NW 12th St | single_family | 2 | 1 | 2,574 | $700,000 | 2026-06-26 |
| 5270 NW 2nd St | single_family | 2 | 1 | 825 | $570,000 | 2026-06-24 |
| 5970 NW 3rd St | single_family | 2 | 2 | 1,726 | $645,000 | 2026-06-12 |
| 7239 NW 2nd Ter | single_family | 2 | 1 | 720 | $425,000 | 2026-06-08 |
| 3888 NW 2nd Ter | single_family | 2 | 1 | 1,440 | $500,000 | 2026-06-01 |
| 3718 NW 12th St | single_family | 2 | 1 | 1,050 | $674,000 | 2026-04-14 |
| 40 NW 62nd Ave | single_family | 2 | 1 | 1,116 | $587,000 | 2026-03-17 |
| 3801 NW Flagler Ter | single_family | 2 | 1 | 1,138 | $335,000 | 2026-02-27 |
| 511 NW 39th Ave | single_family | 2 | 1 | 1,284 | $650,000 | 2026-02-23 |
| 60 NW 62nd Ave | single_family | 2 | 1 | 1,180 | $520,000 | 2026-02-18 |
| 6701 Tamiami Canal Rd | single_family | 2 | 1 | 1,175 | $320,000 | 2026-01-26 |
| 4712 NW 5th St | single_family | 2 | 1 | 896 | $315,000 | 2026-01-21 |
| 3840 NW 12th Ter | single_family | 2 | 1 | 1,099 | $660,000 | 2026-01-20 |
| 25 NW 50th Ave | single_family | 2 | 2 | 1,265 | $350,000 | 2025-12-29 |
| 341 NW 63rd Ct | single_family | 2 | 1 | 1,385 | $620,000 | 2025-12-15 |
| 50 NW 68th Ct | single_family | 2 | 1 | 905 | $570,000 | 2025-12-04 |
| 7230 NW 5th St | single_family | 2 | 1 | 1,183 | $550,000 | 2025-10-29 |
| 7230 NW 5th St | single_family | 2 | 1 | 1,183 | $550,000 | 2025-10-29 |
| 630 NW 60th Ct | single_family | 2 | 1 | 1,177 | $554,000 | 2025-10-29 |
| 221 NW 59th Ave | single_family | 2 | 1 | 1,183 | $535,000 | 2025-10-14 |
| 4074 NW 4th St | single_family | 2 | 2 | 1,506 | $620,000 | 2025-09-30 |
| 411 NW 59th Ct | single_family | 2 | 2 | 874 | $465,000 | 2025-09-30 |
| 7200 NW 4th St | single_family | 2 | 1 | 858 | $465,000 | 2025-09-11 |
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 |
|---|---|---|---|---|---|---|
| 650 NW 86th Pl Unit 3-101 | condos | 2 | 2 | 845 | $315,000 | — |
| 5033 NW 7th St Apt 209 | condos | 2 | 2 | 876 | $230,000 | — |
| 8411 NW 8th St Apt 105 | condos | 2 | 2 | 1,099 | $295,000 | — |
| 8145 NW 7th St Apt 404 | condos | 2 | 2 | 870 | $274,999 | — |
| 4855 NW 7th St Unit 410-6 | condos | 2 | 2 | 782 | $229,000 | — |
| 5091 NW 7th St Apt 615 | condos | 2 | 2 | 984 | $370,000 | — |
| townhomes | 2 | 3 | 1,250 | $370,000 | — | |
| 8575 NW 5th Ter Unit 1509 | townhomes | 2 | 3 | 979 | $475,000 | — |
10-year hold projection
IRR3.7%
Equity multiple1.59x
Total return (10yr)$141,337
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $525,299 | $20,609 | -$12,579 | $403,576 | $121,723 |
| 2 | $541,058 | $21,283 | -$11,948 | $398,848 | $142,210 |
| 3 | $557,290 | $21,978 | -$11,297 | $393,796 | $163,493 |
| 4 | $574,008 | $22,696 | -$10,624 | $388,397 | $185,611 |
| 5 | $591,229 | $23,437 | -$9,930 | $382,628 | $208,601 |
| 6 | $608,965 | $24,202 | -$9,213 | $376,462 | $232,504 |
| 7 | $627,234 | $24,991 | -$8,473 | $369,872 | $257,362 |
| 8 | $646,051 | $25,805 | -$7,708 | $362,831 | $283,221 |
| 9 | $665,433 | $26,645 | -$6,919 | $355,305 | $310,128 |
| 10 | $685,396 | $27,512 | -$6,105 | $347,263 | $338,133 |
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.