136 NE 101st St

Miami Shores, FL 33138 · single_family · For Sale · 271 days on market
Asking price$949,000
2 beds 1 baths 1,073 sqft
Suggested offer$804,492$144,508 above the est. market value of $804,492.
View on Realtor.com →
Listed by ROBERT J. BOURNE (BOB) · Robert Bourne Real Estate Llc
Typesingle_family
Built1925
Price / sqft$884
Est. value (own analysis)$804,492
Rent estimate (own analysis)$3,250/mo
HOANone
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Neighborhood

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Statusfor_sale
Listed date2025-12-05
Removed date
MLSMiamiMLS #A11924629
Coordinates25.86759, -80.19482
Address136 NE 101st St
CityMiami Shores
StateFL
Zip33138
Listing ID5349198671
Sourceus-real-estate-listings, cached 2026-08-30

ZIP market snapshot (33138)

Typical home value (ZHVI)$806,988
Typical rent (ZORI)$2,367/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$949,000
Down payment (20.0%)$189,800
Loan amount$759,200
Closing costs (5.0%)$47,450
Total cash to close$237,250
Rent (comp-derived)$3,250$39,000
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$39,000
Vacancy rate (assumption) assumption8.0%

$39,000 × 8.0% = $3,120

Effective gross income$2,990$35,880
Property tax (placeholder 1.9% of price)$1,503$18,031
Insurance (placeholder 0.8% of price)$633$7,592
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$163$1,950
Total operating expenses$2,298$27,573
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$35,880
Total operating expenses derived$27,573

$35,880 − $27,573 = $8,307

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$759,200
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$759,200 amortized at 6.7% over 30 years = $4,879/mo

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

Monthly Cash Flow

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

NOI derived$8,307
Annual debt service derived$58,546
Annual CapEx reserve assumption$1,950
Annual PMI assumption$0

($8,307 − $58,546 − $1,950 − $0) ÷ 12 = -$4,349

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$8,307
Purchase price data$949,000

$8,307 ÷ $949,000 = 0.9%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$52,189
Total cash to close derived$237,250

-$52,189 ÷ $237,250 = -22.0%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$8,307
Annual debt service derived$58,546

$8,307 ÷ $58,546 = 0.14

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$39,000
Purchase price data$949,000

($39,000 ÷ 12) ÷ $949,000 = 0.3%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$949,000
Gross scheduled rent (annual) comp$39,000

$949,000 ÷ $39,000 = 24.3

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$27,573
Effective gross income derived$35,880

$27,573 ÷ $35,880 = 76.8%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$27,573
Annual debt service derived$58,546
Annual PMI assumption$0
Gross scheduled rent (annual) comp$39,000

($27,573 + $58,546 + $0) ÷ $39,000 = 220.8%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family221,050$3,2502026-07-15
single_family221,166$4,0002026-07-08
single_family221,072$8,9002026-04-02
single_family21980$1,990
single_family211,100$2,5002026-05-03

180 NE 82nd Ter Unit L

Miami, 33138 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,050
Listed2026-07-15
Days on market

Asking rent: $3,250

View on Zillow →

1050 NE 81st St

Miami, 33138 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,166
Listed2026-07-08
Days on market

Asking rent: $4,000

View on Zillow →

738 NE 72nd Ter

Miami, 33138 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,072
Listed2026-04-02
Days on market

Asking rent: $8,900

View on Zillow →

575 NE 82nd St Ste 5

Miami, 33138 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage980
Listed
Days on market

Asking rent: $1,990

View on Zillow →

8960 NE 2nd Ave Unit 1

El Portal, 33138 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage1,100
Listed2026-05-03
Days on market

Asking rent: $2,500

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
500 NE 95th Stsingle_family211,462$800,0002026-08-25
6329 NE 1st Avesingle_family21827$210,0002026-08-12
10610 NE 11th Avesingle_family221,965$1,485,0002026-08-10
666 NE 62nd Stsingle_family221,210$900,0002026-08-07
861 NE 74th Stsingle_family211,221$1,500,0002026-07-23
8250 NE 4th Avesingle_family221,376$500,0002026-07-20
8730 NE 8th Ctsingle_family21930$725,0002026-07-02
9357 NE 9th Plsingle_family221,324$1,640,0002026-07-01
1080 NE 86th Stsingle_family231,496$1,375,0002026-06-26
525 NE 101st Stsingle_family221,763$3,725,0002026-06-25
8634 NE 10th Avesingle_family211,043$450,0002026-06-17
820 NE 82nd Tersingle_family211,281$640,0002026-06-11
234 NE 99th Stsingle_family221,418$1,200,0002026-06-09
10025 NE 3rd Avesingle_family221,706$1,300,0002026-06-05
420 NE 87th Stsingle_family221,365$1,010,0002026-06-05
720 NE 75th Stsingle_family221,278$1,100,0002026-06-04
680 NE 81st Stsingle_family221,304$880,0002026-05-20
985 NE 84th Stsingle_family222,067$1,150,0002026-05-15
8501 E Dixie Hwysingle_family221,129$600,0002026-05-05
101 NE 104th Stsingle_family221,796$895,0002026-04-21
1226 NE 100th Stsingle_family222,085$1,847,0002026-03-30
112 NE 98th Stsingle_family221,062$1,045,0002026-03-27
1071 NE 85th Stsingle_family221,613$1,375,0002026-03-20
715 NE 70th Stsingle_family231,977$1,600,0002026-03-20
428 NE 71st Stsingle_family211,355$649,0002026-03-17
9547507660single_family211,394$500,0002026-02-27
911 NE 72nd Tersingle_family211,334$1,250,0002026-02-18
811 NE 71st Stsingle_family231,452$1,225,0002026-01-30
115 NE 87th Stsingle_family211,490$700,0002025-12-31
7520 NE 5th Avesingle_family221,519$465,0002025-12-23
758 NE 95th Stsingle_family211,160$914,0002025-12-12
129 NE 87th Stsingle_family222,039$925,0002025-12-12
373 NE 104th Stsingle_family221,505$1,300,0002025-11-24
660 NE 67th Stsingle_family211,470$736,0002025-11-12

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
830 NE 72nd Stsingle_family221,053$1,250,000
4000 Towerside Ter Apt 308condos221,465$397,000
780 NE 69th St Apt 1210condos221,316$550,000
634 NE 72nd Tersingle_family211,530$1,099,000
780 NE 69th St Apt 808condos221,219$419,000
446 NE 64th Stsingle_family221,024$799,000
801 NE 70th Stsingle_family21962$995,000
6220 NE Miami Plsingle_family21880$1,800,000

10-year hold projection

IRR-4.8%
Equity multiple0.20x
Total return (10yr)-$65,498
YearProperty valueNOICash flowLoan balanceEquity
1$977,470$8,307-$52,189$750,969$226,501
2$1,006,794$8,694-$51,851$742,172$264,622
3$1,036,998$9,096-$51,498$732,771$304,227
4$1,068,108$9,514-$51,132$722,725$345,383
5$1,100,151$9,948-$50,750$711,989$388,162
6$1,133,156$10,398-$50,354$700,516$432,640
7$1,167,150$10,866-$49,941$688,254$478,896
8$1,202,165$11,352-$49,512$675,151$527,014
9$1,238,230$11,857-$49,065$661,148$577,082
10$1,275,377$12,380-$48,601$646,183$629,194
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.