2451 NW 11th St
Miami, FL 33125 · single_family · For Sale · 114 days on market
Asking price$857,500
3 beds 2 baths 1,974 sqft
Suggested offer$797,854$59,646 above the est. market value of $797,854.
View on Realtor.com →Listed by Yesenia Rivera · Keyes - Coral Gables
Typesingle_family
Built1956
Price / sqft$434
Est. value (own analysis)$797,854
Rent estimate (own analysis)$3,500/mo
HOANone
1 / 52
Show every detail
Statusfor_sale
Listed date2026-05-11
Removed date—
MLSMiamiMLS #A12016481
Coordinates25.78335, -80.23698
Address2451 NW 11th St
CityMiami
StateFL
Zip33125
Listing ID5404658097
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33125)
Typical home value (ZHVI)$466,681
Typical rent (ZORI)$2,360/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 | $857,500 |
| Down payment (20.0%) | $171,500 |
| Loan amount | $686,000 |
| Closing costs (5.0%) | $42,875 |
| Total cash to close | $214,375 |
| Income | |
| Rent (comp-derived) | $3,500$41,994 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,220$38,634 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,358$16,293 |
| Insurance (placeholder 0.8% of price) | $572$6,860 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $175$2,100 |
| Total operating expenses | $2,104$25,252 |
| 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) | $175$2,100 |
| 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 | 3 | 2 | 2,574 | $3,500 | 2026-08-15 | — | |
| single_family | 3 | 1 | 2,126 | $3,150 | 2026-08-07 | — | |
| single_family | 3 | 2 | 1,300 | $3,500 | 2026-07-10 | — | |
| single_family | 3 | 1 | 1,500 | $2,900 | 2026-04-27 | — | |
| single_family | 3 | 2 | 1,320 | $3,400 | 2026-09-01 | — | |
| single_family | 3 | 2 | 1,534 | $3,499 | 2026-08-24 | — | |
| single_family | 3 | 2 | 1,322 | $3,500 | — | — | |
| single_family | 3 | 2 | 1,726 | $3,700 | 2026-09-02 | — |
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 |
|---|---|---|---|---|---|---|
| 2850 NW 5th St | single_family | 3 | 2 | 2,347 | $828,000 | 2026-08-28 |
| 3210 NW 19th St | single_family | 3 | 2 | 1,553 | $595,000 | 2026-08-24 |
| 3625 NW 13th St | single_family | 3 | 1 | 1,578 | $699,000 | 2026-08-12 |
| 3630 NW 4th Ter | single_family | 3 | 1 | 1,504 | $535,000 | 2026-08-03 |
| 3310 NW 19th Ter | single_family | 3 | 2 | 1,435 | $580,000 | 2026-07-29 |
| 725 NW 24th Ct | single_family | 3 | 3 | 2,595 | $660,000 | 2026-07-24 |
| 2275 NW 4th St | single_family | 3 | 2 | 2,120 | $720,000 | 2026-07-23 |
| 2152 NW 18th St | single_family | 3 | 1 | 1,464 | $400,000 | 2026-07-22 |
| 1291 NW 22nd Ave | single_family | 3 | 1 | 1,916 | $580,000 | 2026-07-13 |
| 860 NW 18th Pl | single_family | 3 | 2 | 1,272 | $575,000 | 2026-06-24 |
| 3000 NW 5th St | single_family | 3 | 2 | 1,966 | $560,000 | 2026-06-18 |
| 3431 NW 14th Ter | single_family | 3 | 3 | 1,870 | $837,000 | 2026-06-04 |
| 721 NW 32nd Ct | single_family | 3 | 1 | 983 | $460,000 | 2026-05-27 |
| 3446 NW 17th St | single_family | 3 | 2 | 2,427 | $560,000 | 2026-05-27 |
| 2166 NW 18th St | single_family | 3 | 2 | 1,586 | $490,000 | 2026-05-21 |
| 904 NW 15th Ave | single_family | 3 | 2 | 2,263 | $549,000 | 2026-05-18 |
| 1051 NW 25th Ave | single_family | 3 | 1 | 2,518 | $800,000 | 2026-05-13 |
| 3180 NW 2nd St | single_family | 3 | 2 | 1,304 | $698,000 | 2026-05-08 |
| 2840 NW 4th St | single_family | 3 | 3 | 2,346 | $615,000 | 2026-05-06 |
| 1281 NW 31st Ave | single_family | 3 | 2 | 1,499 | $630,000 | 2026-05-01 |
| 1648 NW 28th Ave | single_family | 3 | 2 | 1,980 | $545,000 | 2026-04-30 |
| 2031 NW South River Dr | single_family | 3 | 3 | 2,434 | $1,005,000 | 2026-04-27 |
| 1520 NW 29th Ave | single_family | 3 | 2 | 1,430 | $745,000 | 2026-04-23 |
| 431 NW 32nd Ct | single_family | 3 | 2 | 1,492 | $540,000 | 2026-04-22 |
| 720 NW 19th Ct | single_family | 3 | 2 | 2,194 | $660,000 | 2026-03-16 |
| 91 Glen Royal Pkwy | single_family | 3 | 2 | 2,415 | $1,275,000 | 2026-03-16 |
| 3430 NW 16th St | single_family | 3 | 2 | 1,470 | $670,000 | 2026-03-12 |
| 1232 NW 32nd Pl | single_family | 3 | 2 | 1,334 | $590,000 | 2026-03-11 |
| 871 NW 17th Ct | single_family | 3 | 2 | 1,558 | $650,000 | 2026-03-02 |
| 401 NW 33rd Ave | single_family | 3 | 1 | 1,009 | $481,000 | 2026-02-19 |
| 2722 NW 4th St | single_family | 3 | 2 | 2,379 | $710,000 | 2026-02-02 |
| 3664 NW 12th St | single_family | 3 | 1 | 1,720 | $460,000 | 2025-12-03 |
| 3111 NW 19th St | single_family | 3 | 1 | 1,874 | $410,000 | 2025-10-31 |
| 22 NW 31st Ave | single_family | 3 | 2 | 1,080 | $495,000 | 2025-10-29 |
| 3001 NW 3rd St | single_family | 3 | 2 | 1,414 | $610,000 | 2025-10-27 |
| 511 NW 33rd Ave | single_family | 3 | 2 | 1,384 | $550,000 | 2025-10-24 |
| 1565 NW 30th Ave | single_family | 3 | 2 | 1,493 | $660,000 | 2025-10-03 |
| 1501 NW 37th Ave | single_family | 3 | 2 | 1,253 | $649,900 | 2025-09-26 |
| 1021 NW 20th Ave | single_family | 3 | 1 | 1,065 | $503,000 | 2025-09-19 |
| 2730 NW 6th St | single_family | 3 | 2 | 1,288 | $525,000 | 2025-09-17 |
| 1000 NW 35th Ct | single_family | 3 | 2 | 1,457 | $660,000 | 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 |
|---|---|---|---|---|---|---|
| 2400 NW 16th Street Rd | multi_family | 3 | 2 | 25,899 | $8,200,000 | — |
| 530 NW 31st Ave | single_family | 3 | 2 | — | $729,000 | — |
| 3311 NW 16th Ter | single_family | 3 | 2 | 1,440 | $656,000 | — |
| 2415 NW 15th St | single_family | 3 | 3 | 962 | $599,999 | — |
| 1218 NW 4th St | multi_family | 3 | 1 | 2,640 | $850,000 | — |
| 801 NW 17th Ct | single_family | 3 | 3 | 1,758 | $720,000 | — |
| 1798 NW 19th St | single_family | 3 | 1 | 1,234 | $450,000 | — |
| 3210 NW 19th St | single_family | 3 | 2 | 1,553 | $599,000 | — |
10-year hold projection
IRR-3.0%
Equity multiple0.50x
Total return (10yr)$4,486
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $883,225 | $13,382 | -$41,618 | $678,562 | $204,663 |
| 2 | $909,722 | $13,910 | -$41,143 | $670,614 | $239,108 |
| 3 | $937,013 | $14,457 | -$40,650 | $662,119 | $274,894 |
| 4 | $965,124 | $15,023 | -$40,139 | $653,042 | $312,082 |
| 5 | $994,078 | $15,610 | -$39,609 | $643,341 | $350,737 |
| 6 | $1,023,900 | $16,217 | -$39,059 | $632,973 | $390,926 |
| 7 | $1,054,617 | $16,847 | -$38,489 | $621,894 | $432,723 |
| 8 | $1,086,255 | $17,499 | -$37,898 | $610,054 | $476,201 |
| 9 | $1,118,843 | $18,174 | -$37,286 | $597,401 | $521,442 |
| 10 | $1,152,408 | $18,873 | -$36,651 | $583,879 | $568,529 |
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.