North Miami, FL 33167 · single_family · For Sale · 95 days on market
Asking price$629,000
4 beds 3 baths 1,860 sqft
Suggested offer$559,688$69,312 above the est. market value of $559,688.
View on Realtor.com →
Listed by Mildred March · Titan Properties
Typesingle_family
Built2026
Price / sqft$338
Est. value (own analysis)$559,688
Rent estimate (own analysis)$3,790/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeAir2/10MinorFlood1/10minimal$Wildfire1/10Minimal
Street view
View full map & nearby schools →

Neighborhood

Show every detail
Statusfor_sale
Listed date2026-05-30
Removed date
MLSMiamiMLS #A12027914
Coordinates25.88234, -80.22025
Address
CityNorth Miami
StateFL
Zip33167
Listing ID5490339316
Sourceus-real-estate-listings, cached 2026-09-01

ZIP market snapshot (33167)

Typical home value (ZHVI)$471,366
Typical rent (ZORI)$2,813/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$629,000
Down payment (20.0%)$125,800
Loan amount$503,200
Closing costs (5.0%)$31,450
Total cash to close$157,250
Rent (comp-derived)$3,790$45,480
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$45,480
Vacancy rate (assumption) assumption8.0%

$45,480 × 8.0% = $3,638

Effective gross income$3,487$41,842
Property tax (placeholder 1.9% of price)$996$11,951
Insurance (est. scaled by flood & wind risk)$629$7,548
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$190$2,274
Total operating expenses$1,814$21,773
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$41,842
Total operating expenses derived$21,773

$41,842 − $21,773 = $20,069

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$503,200
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$503,200 amortized at 6.7% over 30 years = $3,234/mo

CapEx reserve (5.0% of GSR)$190$2,274
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$20,069
Annual debt service derived$38,804
Annual CapEx reserve assumption$2,274
Annual PMI assumption$0

($20,069 − $38,804 − $2,274 − $0) ÷ 12 = -$1,751

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$20,069
Purchase price data$629,000

$20,069 ÷ $629,000 = 3.2%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$21,010
Total cash to close derived$157,250

-$21,010 ÷ $157,250 = -13.4%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$20,069
Annual debt service derived$38,804

$20,069 ÷ $38,804 = 0.52

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$45,480
Purchase price data$629,000

($45,480 ÷ 12) ÷ $629,000 = 0.6%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$629,000
Gross scheduled rent (annual) comp$45,480

$629,000 ÷ $45,480 = 13.8

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$21,773
Effective gross income derived$41,842

$21,773 ÷ $41,842 = 52.0%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$21,773
Annual debt service derived$38,804
Annual PMI assumption$0
Gross scheduled rent (annual) comp$45,480

($21,773 + $38,804 + $0) ÷ $45,480 = 133.2%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family421,976$3,1002026-08-18
single_family431,983$3,9002026-08-14
single_family431,820$3,790
single_family432,107$3,800
single_family431,820$2,9252026-06-11

1337 NW 112th Ter

Miami, 33167 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,976
Listed2026-08-18
Days on market

Asking rent: $3,100

View on Zillow →

2408 NW 131st Cir Unit 2408

Miami, 33167 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,983
Listed2026-08-14
Days on market

Asking rent: $3,900

View on Zillow →

12845 NW 24th Ave

Miami, 33167 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,820
Listed
Days on market

Asking rent: $3,790

View on Zillow →

2324 NW 130th Ter

Miami, 33167 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage2,107
Listed
Days on market

Asking rent: $3,800

View on Zillow →

NW 24th Ave

Opa Locka, 33167 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,820
Listed2026-06-11
Days on market

Asking rent: $2,925

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
2427 NW 131st Cirsingle_family431,983$570,0002026-08-31
11940 NW 19th Avesingle_family421,513$297,5002026-08-14
2530 NW 111th Stsingle_family421,776$675,0002026-07-28
2520 NW 108th Stsingle_family431,364$610,0002026-07-21
14620 NW 17th Drsingle_family433,977$1,286,0002026-07-08
14431 NW 13th Rdsingle_family421,656$600,0002026-06-23
2055 NW 132nd Stsingle_family421,699$570,0002026-06-22
5372914331single_family432,100$649,9992026-06-18
1855 NW 121st Stsingle_family442,034$539,9002026-06-16
1361 NW 111th Stsingle_family421,560$490,0002026-05-21
1835 NW 122nd Stsingle_family431,667$295,0002026-04-27
14781 S River Drsingle_family444,662$1,225,0002026-04-22
13160 NW 17th Avesingle_family421,753$529,0002026-04-10
14400 NW 16th Ctsingle_family421,403$520,0002026-03-25
1635 NW 130th Stsingle_family421,653$550,0002026-03-10
14655 NW River Drsingle_family431,965$625,0002026-02-17
2372 NW 130th Tersingle_family432,107$629,0002026-02-03
1340 NW 133rd Stsingle_family421,365$530,0002026-01-16
1739 NW 113th Tersingle_family421,126$145,0002025-12-08
2303 NW 131st Cirsingle_family421,983$596,7002025-12-03
2316 NW 130th Tersingle_family421,983$581,0002025-12-03
2364 NW 130th Tersingle_family421,983$580,7002025-12-03
2340 NW 130th Tersingle_family421,983$581,0002025-12-01
11010 NW 12th Ctsingle_family42$580,0002025-10-03
1201 NW 147th Stsingle_family441,897$520,0002025-09-16
2100 NW 107th Stsingle_family422,579$768,0002025-09-11

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.

AddressTypeBedsBathsSqftAsking priceDays on market
12621 NW 22nd Ctsingle_family421,264$570,000
1341 NW 132nd Stsingle_family432,361$520,000
1325 NW 113th Tersingle_family421,308$589,900
12613 NW 23rd Pltownhomes431,820$620,000
12001 NW 22nd Avesingle_family431,769$589,000
2409 NW 131st Cirsingle_family432,107$525,000
2370 NW 131st Cirsingle_family432,107$609,000
2427 NW 131st Cirsingle_family431,983$586,900

10-year hold projection

IRR1.2%
Equity multiple1.20x
Total return (10yr)$113,447
YearProperty valueNOICash flowLoan balanceEquity
1$647,870$20,069-$21,010$497,744$150,126
2$667,306$20,780-$20,356$491,914$175,392
3$687,325$21,514-$19,679$485,683$201,642
4$707,945$22,274-$18,979$479,024$228,921
5$729,183$23,060-$18,255$471,908$257,275
6$751,059$23,872-$17,505$464,303$286,755
7$773,591$24,711-$16,730$456,177$317,414
8$796,798$25,579-$15,929$447,492$349,307
9$820,702$26,475-$15,100$438,210$382,492
10$845,323$27,402-$14,242$428,291$417,032
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.