1050 NW 129th Ave

Miami, FL 33182 · single_family · Pending — under contract · 29 days on market
Asking price$769,000
4 beds 3 baths 1,907 sqft
Suggested offer$696,668$72,332 above the est. market value of $696,668.
View on Realtor.com →
Listed by Lauren Seife · Florida Realty Of Miami Corp
Typesingle_family
Built1997
Price / sqft$403
Est. value (own analysis)$696,668
Rent estimate (own analysis)$3,923/mo
HOANone
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Neighborhood

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Statusfor_sale
Listed date2026-08-04
Removed date
MLSMiamiMLS #A12061410
Coordinates25.78116, -80.40519
Address1050 NW 129th Ave
CityMiami
StateFL
Zip33182
Listing ID5362519793
Sourceus-real-estate-listings, cached 2026-09-02

ZIP market snapshot (33182)

Typical home value (ZHVI)$670,298
Typical rent (ZORI)$3,347/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$769,000
Down payment (20.0%)$153,800
Loan amount$615,200
Closing costs (5.0%)$38,450
Total cash to close$192,250
Rent (comp-derived)$3,923$47,070
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$47,070
Vacancy rate (assumption) assumption8.0%

$47,070 × 8.0% = $3,766

Effective gross income$3,609$43,304
Property tax (placeholder 1.9% of price)$1,218$14,611
Insurance (placeholder 0.8% of price)$513$6,152
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$196$2,354
Total operating expenses$1,926$23,117
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$43,304
Total operating expenses derived$23,117

$43,304 − $23,117 = $20,188

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$615,200
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$615,200 amortized at 6.7% over 30 years = $3,953/mo

CapEx reserve (5.0% of GSR)$196$2,354
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$20,188
Annual debt service derived$47,441
Annual CapEx reserve assumption$2,354
Annual PMI assumption$0

($20,188 − $47,441 − $2,354 − $0) ÷ 12 = -$2,467

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$20,188
Purchase price data$769,000

$20,188 ÷ $769,000 = 2.6%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$29,607
Total cash to close derived$192,250

-$29,607 ÷ $192,250 = -15.4%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$20,188
Annual debt service derived$47,441

$20,188 ÷ $47,441 = 0.43

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$47,070
Purchase price data$769,000

($47,070 ÷ 12) ÷ $769,000 = 0.5%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$769,000
Gross scheduled rent (annual) comp$47,070

$769,000 ÷ $47,070 = 16.3

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$23,117
Effective gross income derived$43,304

$23,117 ÷ $43,304 = 53.4%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$23,117
Annual debt service derived$47,441
Annual PMI assumption$0
Gross scheduled rent (annual) comp$47,070

($23,117 + $47,441 + $0) ÷ $47,070 = 149.9%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family422,053$4,5002026-08-11
single_family432,152$4,0002026-08-10
single_family431,802$3,8502026-06-19
single_family422,109$3,460
single_family422,280$3,995
single_family432,328$3,790

12851 NW 7th Ter

Miami, 33182 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage2,053
Listed2026-08-11
Days on market

Asking rent: $4,500

View on Zillow →

12447 NW 7th St

Miami, 33182 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage2,152
Listed2026-08-10
Days on market

Asking rent: $4,000

View on Zillow →

313 NW 132nd Pl

Miami, 33182 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,802
Listed2026-06-19
Days on market

Asking rent: $3,850

View on Zillow →

957 NW 128th Pl

Miami, 33182 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage2,109
Listed
Days on market

Asking rent: $3,460

View on Zillow →

505 NW 136th Ct

Miami, 33182 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage2,280
Listed
Days on market

Asking rent: $3,995

View on Zillow →

12451 NW 7th St

Miami, 33182 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage2,328
Listed
Days on market

Asking rent: $3,790

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
320 NW 136th Avesingle_family432,326$785,0002026-07-21
13237 NW 11th Stsingle_family442,338$725,0002026-07-09
12855 NW 7th Tersingle_family43$705,0002026-06-30
13238 NW 8th Tersingle_family421,899$670,0002026-06-18
311 NW 132nd Ctsingle_family422,276$568,0002026-06-12
10 NW 125th Avesingle_family431,840$1,700,0002026-06-04
13347 NW 5th Tersingle_family421,412$565,0002026-06-03
1051 NW 128th Avesingle_family421,878$690,0002026-06-03
800 NW 133rd Avesingle_family421,602$510,0002026-05-14
220 NW 130th Avesingle_family432,396$1,725,0002026-04-30
615 NW 134th Plsingle_family421,642$715,0002026-04-30
12770 NW 11th Stsingle_family421,867$640,0002026-04-20
714 NW 134th Plsingle_family422,011$750,0002026-04-15
815 NW 126th Ctsingle_family421,834$670,0002026-04-14
699 NW 134th Plsingle_family421,776$670,0002026-03-19
704 NW 129th Ctsingle_family432,922$885,0002026-03-11
1081 NW 128th Plsingle_family421,786$685,0002026-02-20
1025 NW 128th Ctsingle_family422,278$730,0002026-02-12
13337 NW 3rd Lnsingle_family421,592$630,0002026-02-12
765 NW 129th Plsingle_family432,723$760,0002026-01-09
12715 NW 11th Tersingle_family421,822$750,0002025-12-29
13190 NW 6th Stsingle_family464,043$1,600,0002025-11-12
933 NW 136th Avesingle_family432,176$750,0002025-10-30
1143 NW 134th Plsingle_family421,642$705,0002025-10-28
1143 NW 134th Plsingle_family421,642$705,0002025-10-23
910 NW 133rd Avesingle_family421,965$645,0002025-10-02
864 NW 136th Avesingle_family442,956$800,0002025-10-01
13602 NW 10th Stsingle_family442,945$770,0002025-09-30

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
901 NW 128th Plsingle_family421,786$699,000
942 NW 133rd Ctsingle_family442,676$840,000
13249 NW 9th Lnsingle_family432,421$799,999
12693 NW 8th Tersingle_family431,690$550,000
279 NW 119th Avesingle_family443,000$3,200,000
323 NW 136th Plsingle_family432,378$1,065,000
979 NW 126th Pathsingle_family431,690$630,000
849 NW 136th Avesingle_family432,065$769,000

10-year hold projection

IRR-0.2%
Equity multiple0.96x
Total return (10yr)$92,726
YearProperty valueNOICash flowLoan balanceEquity
1$792,070$20,188-$29,607$608,530$183,540
2$815,832$20,909-$28,945$601,402$214,430
3$840,307$21,655-$28,259$593,784$246,523
4$865,516$22,426-$27,550$585,643$279,873
5$891,482$23,223-$26,816$576,943$314,538
6$918,226$24,047-$26,057$567,646$350,580
7$945,773$24,900-$25,271$557,711$388,062
8$974,146$25,781-$24,458$547,093$427,054
9$1,003,371$26,692-$23,617$535,745$467,625
10$1,033,472$27,633-$22,747$523,619$509,853
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.