488 NW 165th St Rd Apt B512
Miami, FL 33169 · condos · For Sale · 118 days on market
Asking price$185,000
3 beds 2 baths 1,175 sqft
Suggested offer$166,458$18,542 above the est. market value of $166,458.
View on Realtor.com →Listed by Andrea Boukay · Coldwell Banker Realty
Typecondos
Built1972
Price / sqft$157
Est. value (own analysis)$166,458
Rent estimate (own analysis)$2,790/mo
HOA$917/mo
Wind10/10Extreme$Heat10/10ExtremeFlood6/10major$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-05-07
Removed date—
MLSMiamiMLS #A12015078
Coordinates25.92387, -80.20787
Address488 NW 165th St Rd Apt B512
CityMiami
StateFL
Zip33169
Listing ID5388960909
Sourceus-real-estate-listings, cached 2026-09-01
ZIP market snapshot (33169)
Typical home value (ZHVI)$471,445
Typical rent (ZORI)$2,193/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 | $185,000 |
| Down payment (20.0%) | $37,000 |
| Loan amount | $148,000 |
| Closing costs (5.0%) | $9,250 |
| Total cash to close | $46,250 |
| Income | |
| Rent (comp-derived) | $2,790$33,474 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,566$30,796 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $293$3,515 |
| Insurance (est. scaled by flood & wind risk) | $216$2,590 |
| HOA dues | $917$11,004 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $139$1,674 |
| Total operating expenses | $1,565$18,783 |
| 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) | $139$1,674 |
| 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 |
|---|---|---|---|---|---|---|---|
| apartment | 3 | 2 | 1,275 | $3,041 | — | — | |
| apartment | 3 | 2 | 1,203 | $3,000 | 2026-08-27 | — | |
| condos | 3 | 3 | 1,419 | $2,300 | 2026-03-14 | — | |
| condos | 3 | 2 | 1,288 | $2,200 | 2026-07-31 | — | |
| condos | 3 | 2 | 1,348 | $2,800 | 2026-07-03 | — | |
| apartment | 3 | 2 | 1,200 | $2,669 | — | — | |
| apartment | 3 | 2 | 1,200 | $2,779 | — | — | |
| apartment | 3 | 2 | 1,275 | $3,041 | — | — |
Widened to any bedroom count in ZIP. 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 |
|---|---|---|---|---|---|---|
| 430 NW 214th St Apt 103 | condos | 2 | 2 | 1,180 | $213,000 | 2026-08-26 |
| 505 NW 177th St Apt 136 | condos | 1 | 1 | 730 | $140,000 | 2026-08-11 |
| 496 NW 165th St Rd Apt D214 | condos | 1 | 1 | 826 | $99,999 | 2026-08-08 |
| 500 NW 214th St Apt 103 | condos | 2 | 2 | 1,122 | $155,000 | 2026-07-17 |
| 21217 NW 14th Pl Unit 2-22 | condos | 3 | 3 | 1,419 | $310,000 | 2026-07-16 |
| 465 NW 210th St Apt 103 | condos | 2 | 2 | 816 | $132,500 | 2026-06-09 |
| 492 NW 165th St Rd Apt C314 | condos | 1 | 1 | 826 | $105,000 | 2026-05-29 |
| 505 NW 177th St Apt 139 | condos | 1 | 1 | 730 | $130,000 | 2026-05-15 |
| 440 NW 214th St Apt 104 | condos | 2 | 2 | 1,180 | $210,000 | 2026-04-27 |
| 5366925887 | condos | 1 | 1 | 576 | $84,500 | 2026-04-17 |
| 17339 NW 7th Ave Unit 505 | condos | 2 | 3 | 1,140 | $297,999 | 2026-04-17 |
| 550 NW 214th St Apt 201 | condos | 3 | 2 | 1,288 | $242,000 | 2026-02-20 |
| 496 NW 165th St Rd Apt D211 | condos | 1 | 1 | 826 | $115,000 | 2026-02-04 |
| 484 NW 165th St Rd Apt A516 | condos | 2 | 2 | 1,036 | $137,714 | 2026-02-04 |
| 15600 NW 7th Ave Apt 708 | condos | 2 | 2 | 1,087 | $155,000 | 2026-02-02 |
| 484 NW 165th St Rd Apt A214 | condos | 1 | 1 | 826 | $115,000 | 2026-02-01 |
| 15600 NW 7th Ave Apt 301 | condos | 1 | 1 | 840 | $119,000 | 2026-01-13 |
| 15600 NW 7th Ave Apt 515 | condos | 1 | 1 | 840 | $110,000 | 2026-01-12 |
| 486 NW 165th St Rd Apt B506 | condos | 2 | 2 | 1,175 | $130,000 | 2026-01-09 |
| 15600 NW 7th Ave Apt 618 | condos | 1 | 1 | 840 | $94,000 | 2025-12-18 |
| 50 NW 204th St Apt 24 | condos | 1 | 1 | 576 | $105,000 | 2025-11-26 |
| 498 NW 165th St Rd Apt D601 | condos | 2 | 2 | 1,036 | $107,000 | 2025-11-19 |
| 17349 NW 7th Ave Unit 1006 | condos | 2 | 3 | 1,140 | $285,000 | 2025-11-12 |
| 17341 NW 7th Ave Unit 603 | condos | 2 | 3 | 1,140 | $284,000 | 2025-11-07 |
| 492 NW 165th St Rd Apt C309 | condos | 2 | 2 | 1,175 | $93,000 | 2025-11-06 |
| 301 NW 177th St Apt 104 | condos | 1 | 1 | 730 | $130,000 | 2025-11-06 |
| 488 NW 165th Street Rd Unit 309B | condos | 2 | 2 | 1,175 | $130,000 | 2025-11-03 |
| 486 NW 165th St Rd Apt B306 | condos | 2 | 2 | 1,175 | $155,000 | 2025-10-31 |
| 15600 NW 7th Ave Apt 311 | condos | 1 | 1 | 840 | $112,000 | 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 |
|---|---|---|---|---|---|---|
| 19615 NW 14th Ave | single_family | 3 | 2 | 1,479 | $639,000 | — |
| 400 NW 184th Ter Unit 400 | single_family | 3 | 2 | 1,291 | $470,000 | — |
| 140 NW 164th St | townhomes | 3 | 2 | — | $549,900 | — |
| 142 NW 164th St | townhomes | 3 | 2 | — | $549,900 | — |
| 136 NW 164th St | townhomes | 3 | 2 | — | $549,900 | — |
| 138 NW 164th St | townhomes | 3 | 2 | — | $549,900 | — |
| 19720 NW 12th Ct | single_family | 3 | 2 | 2,167 | $599,000 | — |
| 20478 NW 4th Ct | townhomes | 3 | 3 | 1,595 | $550,000 | — |
10-year hold projection
IRR9.8%
Equity multiple2.54x
Total return (10yr)$95,388
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $190,550 | $12,013 | -$1,073 | $146,395 | $44,155 |
| 2 | $196,267 | $12,468 | -$661 | $144,680 | $51,586 |
| 3 | $202,155 | $12,938 | -$234 | $142,848 | $59,307 |
| 4 | $208,219 | $13,425 | $209 | $140,889 | $67,330 |
| 5 | $214,466 | $13,929 | $668 | $138,796 | $75,669 |
| 6 | $220,900 | $14,450 | $1,143 | $136,560 | $84,340 |
| 7 | $227,527 | $14,990 | $1,636 | $134,169 | $93,357 |
| 8 | $234,352 | $15,549 | $2,146 | $131,615 | $102,738 |
| 9 | $241,383 | $16,127 | $2,674 | $128,885 | $112,498 |
| 10 | $248,625 | $16,725 | $3,222 | $125,968 | $122,657 |
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.