171 NW 47th St
Miami, FL 33127 · multi_family · For Sale · 34 days on market
Asking price$1,099,999
4 beds 2 baths 1,540 sqft
Suggested offer$658,088$441,911 above the est. market value of $658,088.
View on Realtor.com →Listed by Joshua Jankelow · LoKation® Real Estate
Typemulti_family
Built1980
Price / sqft$714
Est. value (own analysis)$658,088
Rent estimate (building total, own analysis)$6,283/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood3/10moderate$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-07-30
Removed date—
MLSMiamiMLS #A12062218
Coordinates25.81861, -80.19923
Address171 NW 47th St
CityMiami
StateFL
Zip33127
Listing ID5397316706
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33127)
Typical home value (ZHVI)$528,160
Typical rent (ZORI)$2,975/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 | $1,099,999 |
| Down payment (20.0%) | $220,000 |
| Loan amount | $879,999 |
| Closing costs (5.0%) | $55,000 |
| Total cash to close | $275,000 |
| Income | |
| Rent (estimate) | $6,283$75,398 |
| Vacancy loss (8.0%) | |
| Effective gross income | $5,781$69,367 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,742$20,900 |
| Insurance (est. scaled by flood & wind risk) | $1,173$14,080 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $314$3,770 |
| Total operating expenses | $3,229$38,750 |
| 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) | $314$3,770 |
| 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
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| multi_family | 4 | 2 | 1,686 | $3,400 | 2026-08-24 | — |
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 |
|---|---|---|---|---|---|---|
| 254 NW 50th St | multi_family | 4 | 2 | 1,876 | $600,000 | 2026-07-21 |
| 5620 NW 3rd Ave | multi_family | 4 | 2 | 1,392 | $520,000 | 2026-07-20 |
| 1171 NW 58th Ter | multi_family | 4 | 2 | 1,458 | $480,000 | 2026-07-08 |
| 166 NW 41st St | multi_family | 4 | — | 1,248 | $1,200,000 | 2026-07-06 |
| 599 NW 33rd St | multi_family | 4 | 4 | 2,241 | $1,200,000 | 2026-07-06 |
| 1028 NW 24th St | multi_family | 4 | 2 | 1,540 | $520,000 | 2026-06-17 |
| 444 NW 33rd St | multi_family | 4 | 3 | 1,488 | $25,000,000 | 2026-06-16 |
| 4400 NW 1st Ave | multi_family | 4 | 2 | 1,690 | $1,195,000 | 2026-06-08 |
| 100 NW 52nd St | multi_family | 4 | 2 | 1,800 | $300,000 | 2026-04-22 |
| 1019 NW 26th St | multi_family | 4 | 2 | 1,518 | $730,300 | 2026-03-31 |
| 5035 NW 5th Ave | multi_family | 4 | 2 | 1,690 | $1,000,000 | 2026-03-18 |
| 520 NW 49th St | multi_family | 4 | 1 | 2,230 | $1,200,000 | 2026-03-17 |
| 4543 N Miami Ave | multi_family | 4 | 3 | 2,160 | $2,200,000 | 2026-03-16 |
| 1184 NW 30th St | multi_family | 4 | 1 | 2,374 | $439,900 | 2026-03-09 |
| 5538 NW Miami Ct | multi_family | 4 | 2 | 1,115 | $390,000 | 2025-11-24 |
| 5720 NW 3rd Ave | multi_family | 4 | 2 | 1,690 | $605,000 | 2025-11-18 |
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 |
|---|---|---|---|---|---|---|
| 4746 NW 10th Ave | single_family | 4 | 4 | 2,252 | $925,000 | — |
| 347 NW 42nd St | single_family | 4 | 1 | 1,038 | $589,700 | — |
| 1027 NW 29th St | multi_family | 4 | 3 | 1,165 | $1,495,000 | — |
| 1000 NW 39th St | multi_family | 4 | 3 | 1,904 | $850,000 | — |
| 4122 NW 11th Pl | single_family | 4 | 3 | 1,366 | $599,900 | — |
| 790 NW 56th St | multi_family | 4 | 2 | 1,572 | $510,000 | — |
| 1157 NW 45th St | single_family | 4 | 2 | 1,664 | $625,000 | — |
| 4031 NW 1st Ave | single_family | 4 | 5 | 2,883 | $2,790,000 | — |
10-year hold projection
IRR0.1%
Equity multiple1.02x
Total return (10yr)$149,538
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,132,999 | $30,617 | -$41,015 | $870,458 | $262,541 |
| 2 | $1,166,989 | $31,729 | -$39,997 | $860,262 | $306,727 |
| 3 | $1,201,999 | $32,879 | -$38,943 | $849,365 | $352,633 |
| 4 | $1,238,059 | $34,069 | -$37,852 | $837,720 | $400,338 |
| 5 | $1,275,200 | $35,300 | -$36,723 | $825,276 | $449,924 |
| 6 | $1,313,456 | $36,573 | -$35,554 | $811,977 | $501,479 |
| 7 | $1,352,860 | $37,889 | -$34,344 | $797,765 | $555,095 |
| 8 | $1,393,446 | $39,251 | -$33,092 | $782,576 | $610,869 |
| 9 | $1,435,249 | $40,658 | -$31,796 | $766,345 | $668,904 |
| 10 | $1,478,307 | $42,114 | -$30,455 | $748,999 | $729,307 |
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.