938 NW 110th St

Miami, FL 33168 · single_family · For Sale · 28 days on market
Asking price$650,000
2 beds 1 baths 1,162 sqft
Suggested offer$457,747$192,253 above the est. market value of $457,747.
View on Realtor.com →
Listed by Antonio Woodbury · Henderson Realty Enterprises Corp
Typesingle_family
Built1948
Price / sqft$559
Est. value (own analysis)$457,747
Rent estimate (own analysis)$2,900/mo
HOANone
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Neighborhood

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Statusfor_sale
Listed date2026-08-06
Removed date
MLSMiamiMLS #A12066477
Coordinates25.87520, -80.21328
Address938 NW 110th St
CityMiami
StateFL
Zip33168
Listing ID5516239146
Sourceus-real-estate-listings, cached 2026-09-01

ZIP market snapshot (33168)

Typical home value (ZHVI)$465,034
Typical rent (ZORI)$2,539/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$650,000
Down payment (20.0%)$130,000
Loan amount$520,000
Closing costs (5.0%)$32,500
Total cash to close$162,500
Rent (comp-derived)$2,900$34,800
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$34,800
Vacancy rate (assumption) assumption8.0%

$34,800 × 8.0% = $2,784

Effective gross income$2,668$32,016
Property tax (placeholder 1.9% of price)$1,029$12,350
Insurance (placeholder 0.8% of price)$433$5,200
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$145$1,740
Total operating expenses$1,608$19,290
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$32,016
Total operating expenses derived$19,290

$32,016 − $19,290 = $12,726

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$520,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$520,000 amortized at 6.7% over 30 years = $3,342/mo

CapEx reserve (5.0% of GSR)$145$1,740
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$12,726
Annual debt service derived$40,100
Annual CapEx reserve assumption$1,740
Annual PMI assumption$0

($12,726 − $40,100 − $1,740 − $0) ÷ 12 = -$2,426

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$12,726
Purchase price data$650,000

$12,726 ÷ $650,000 = 2.0%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$29,114
Total cash to close derived$162,500

-$29,114 ÷ $162,500 = -17.9%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$12,726
Annual debt service derived$40,100

$12,726 ÷ $40,100 = 0.32

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$34,800
Purchase price data$650,000

($34,800 ÷ 12) ÷ $650,000 = 0.4%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$650,000
Gross scheduled rent (annual) comp$34,800

$650,000 ÷ $34,800 = 18.7

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$19,290
Effective gross income derived$32,016

$19,290 ÷ $32,016 = 60.3%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$19,290
Annual debt service derived$40,100
Annual PMI assumption$0
Gross scheduled rent (annual) comp$34,800

($19,290 + $40,100 + $0) ÷ $34,800 = 170.7%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family221,248$2,9002026-07-10
single_family21915$2,9002026-07-03
single_family211,200$3,3002026-08-27
single_family21832$2,8002026-08-09
single_family21826$2,5502026-08-06
single_family21946$3,9002024-06-14
single_family21909$2,3002026-09-01

781 NW 108th St

Miami, 33168 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,248
Listed2026-07-10
Days on market

Asking rent: $2,900

View on Zillow →

1025 NW 148th St

Miami, 33168 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage915
Listed2026-07-03
Days on market

Asking rent: $2,900

View on Zillow →

10735 NW 2nd Ct Unit 0

Miami, 33168 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage1,200
Listed2026-08-27
Days on market

Asking rent: $3,300

View on Zillow →

1175 NW 133rd St

North Miami, 33168 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage832
Listed2026-08-09
Days on market

Asking rent: $2,800

View on Zillow →

740 NW 130th St

North Miami, 33168 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage826
Listed2026-08-06
Days on market

Asking rent: $2,550

View on Zillow →

110 NW 120th Ter Unit 0

North Miami, 33168 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage946
Listed2024-06-14
Days on market

Asking rent: $3,900

View on Zillow →

325 NW 133rd St Unit 1

North Miami, 33168 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage909
Listed2026-09-01
Days on market

Asking rent: $2,300

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
839 NW 116th Stsingle_family21780$415,0002026-08-26
770 NW 148th Tersingle_family211,096$368,0002026-08-18
380 NW 128th Stsingle_family21890$280,0002026-08-14
5928956311single_family21825$385,0002026-08-12
420 NW 145th Stsingle_family211,641$600,0002026-08-12
310 NW 127th Stsingle_family21830$309,0002026-08-07
1135 NW 109th Stsingle_family221,352$385,0002026-08-04
435 NW 127th Stsingle_family21976$435,0002026-07-31
13231 NW 1st Avesingle_family211,395$758,0002026-07-31
1180 NW 117th Stsingle_family211,347$430,0002026-07-24
13205 NW 11th Avesingle_family211,068$293,0002026-07-24
172 NW 116th Stsingle_family211,256$550,0002026-07-16
126 NW 107th Stsingle_family211,314$1,060,0002026-07-13
775 NW 142nd Stsingle_family21775$415,0002026-07-13
1030 NW 116th Tersingle_family21701$380,0002026-07-13
1030 NW 141st Stsingle_family21720$415,0002026-07-06
1090 NW 134th Stsingle_family211,100$410,0002026-07-06
431 NW 116th Stsingle_family21918$425,0002026-07-06
13700 NW 8th Avesingle_family211,893$350,0002026-07-02
1040 NW 140th Stsingle_family21720$405,0002026-07-01
1000 NW 118th Stsingle_family211,092$390,0002026-06-29
14501 NW 12th Avesingle_family211,159$372,0002026-06-22
5295303405single_family21828$265,0002026-06-22
305 NW 111th Stsingle_family211,581$570,0002026-06-18
840 NW 130th Stsingle_family21826$400,0002026-06-12
455 NW 132nd Stsingle_family211,260$350,0002026-06-09
1169 NW 114th Stsingle_family211,061$445,0002026-06-02
1165 NW 108th Tersingle_family221,868$380,0002026-06-02
13025 NW 1st Ctsingle_family221,354$650,0002026-05-22
1080 NW 115th Stsingle_family212,001$325,0002026-05-19
14825 Garden Drsingle_family211,404$585,0002026-05-18
550 NW 135th Stsingle_family21925$375,0002026-05-12
10715 NW 2nd Ctsingle_family221,522$600,0002026-05-04
125 NW 127th Stsingle_family21800$400,0002026-04-14
575 NW 139th Tersingle_family21784$455,0002026-04-06
745 NW 140th Stsingle_family221,110$615,0002026-04-06
13800 NW 2nd Avesingle_family21966$450,0002026-04-01
835 NW 126th Stsingle_family21858$270,0002026-04-01
49 NW 108th Stsingle_family221,734$1,960,0002026-03-27
60 NW 120th Tersingle_family21777$270,0002026-03-11
14525 Garden Drsingle_family211,061$320,0002026-03-10
915 NW 122nd Stsingle_family211,153$335,0002026-03-04
525 NW 119th Stsingle_family211,260$350,0002026-03-03
545 NW 142nd Stsingle_family21750$355,0002026-03-03
600 NW 108th Stsingle_family211,748$455,0002026-02-10
113 NW 107th Stsingle_family211,327$735,0002026-01-30
12245 NW 2nd Avesingle_family221,190$580,0002025-12-20
520 NW 118th Stsingle_family211,190$400,0002025-12-12
740 NW 122nd Stsingle_family211,575$620,0002025-12-09
770 NW 124th Stsingle_family21834$255,0002025-12-08

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
271 NW 147th Stsingle_family221,353$575,000
839 NW 116th Stsingle_family21780$399,000
770 NW 148th Tersingle_family211,096$350,000
1100 NW 141st Stsingle_family21720$435,000
1100 NW 110th Stsingle_family221,390$450,000
14990 NW 11th Ctsingle_family211,625$479,000
14031 NW 5th Avesingle_family21936$730,000
740 NW 130th Stsingle_family21826$500,000

10-year hold projection

IRR-2.0%
Equity multiple0.67x
Total return (10yr)$31,376
YearProperty valueNOICash flowLoan balanceEquity
1$669,500$12,726-$29,114$514,362$155,138
2$689,585$13,204-$28,679$508,337$181,248
3$710,273$13,699-$28,229$501,898$208,374
4$731,581$14,212-$27,762$495,017$236,564
5$753,528$14,742-$27,279$487,663$265,865
6$776,134$15,290-$26,778$479,805$296,329
7$799,418$15,858-$26,260$471,407$328,011
8$823,401$16,446-$25,722$462,432$360,969
9$848,103$17,054-$25,166$452,841$395,262
10$873,546$17,683-$24,590$442,591$430,955
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.