Miami, FL 33167 · single_family · For Sale · 63 days on market
Asking price$475,000
3 beds 2 baths 1,594 sqft
View on Realtor.com →
Listed by Latonya Hamilton-Webb · Compass Florida LLC
Typesingle_family
Built1955
Price / sqft$298
Est. value (own analysis)$579,636
Rent estimate (own analysis)$3,250/mo
HOANone
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Neighborhood

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Statusfor_sale
Listed date2026-07-01
Removed date
MLSMiamiMLS #A12044861
Coordinates25.87597, -80.22939
Address
CityMiami
StateFL
Zip33167
Listing ID5531704512
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$475,000
Down payment (20.0%)$95,000
Loan amount$380,000
Closing costs (5.0%)$23,750
Total cash to close$118,750
Rent (comp-derived)$3,250$39,000
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$39,000
Vacancy rate (assumption) assumption8.0%

$39,000 × 8.0% = $3,120

Effective gross income$2,990$35,880
Property tax (placeholder 1.9% of price)$752$9,025
Insurance (placeholder 0.8% of price)$317$3,800
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$163$1,950
Total operating expenses$1,231$14,775
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$35,880
Total operating expenses derived$14,775

$35,880 − $14,775 = $21,105

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$380,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$380,000 amortized at 6.7% over 30 years = $2,442/mo

CapEx reserve (5.0% of GSR)$163$1,950
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$21,105
Annual debt service derived$29,304
Annual CapEx reserve assumption$1,950
Annual PMI assumption$0

($21,105 − $29,304 − $1,950 − $0) ÷ 12 = -$846

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$21,105
Purchase price data$475,000

$21,105 ÷ $475,000 = 4.4%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$10,149
Total cash to close derived$118,750

-$10,149 ÷ $118,750 = -8.5%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$21,105
Annual debt service derived$29,304

$21,105 ÷ $29,304 = 0.72

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$39,000
Purchase price data$475,000

($39,000 ÷ 12) ÷ $475,000 = 0.7%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$475,000
Gross scheduled rent (annual) comp$39,000

$475,000 ÷ $39,000 = 12.2

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$14,775
Effective gross income derived$35,880

$14,775 ÷ $35,880 = 41.2%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$14,775
Annual debt service derived$29,304
Annual PMI assumption$0
Gross scheduled rent (annual) comp$39,000

($14,775 + $29,304 + $0) ÷ $39,000 = 113.0%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family321,440$3,4002026-08-21
single_family311,824$3,2002026-06-24
single_family331,840$3,8002026-06-10
single_family331,338$2,3002026-04-21
single_family321,843$3,3002026-03-11
single_family321,373$2,650
single_family322,033$3,800
single_family331,328$3,200
single_family321,124$3,5002026-07-27
single_family311,214$2,8002026-08-10
single_family331,695$4,000
single_family311,040$2,6002026-09-01

11000 NW 21st Ct Unit 11000

Miami, 33167 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,440
Listed2026-08-21
Days on market

Asking rent: $3,400

View on Zillow →

Miami, 33167 · rent comp

Bedrooms / bathrooms3 bd / 1 ba
Square footage1,824
Listed2026-06-24
Days on market

Asking rent: $3,200

View on Zillow →

2324 NW 130th St

Miami, 33167 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,840
Listed2026-06-10
Days on market

Asking rent: $3,800

View on Zillow →

12920 Westview Dr Unit 1

Miami, 33167 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,338
Listed2026-04-21
Days on market

Asking rent: $2,300

View on Zillow →

12975 NW 18th Ct

Miami, 33167 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,843
Listed2026-03-11
Days on market

Asking rent: $3,300

View on Zillow →

13000 NW 20th Ave

Miami, 33167 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,373
Listed
Days on market

Asking rent: $2,650

View on Zillow →

1570 NW 132nd St # 1570

Miami, 33167 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage2,033
Listed
Days on market

Asking rent: $3,800

View on Zillow →

12372 NW 23rd Ct

Miami, 33167 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,328
Listed
Days on market

Asking rent: $3,200

View on Zillow →

1210 NW 123rd St

North Miami, 33167 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,124
Listed2026-07-27
Days on market

Asking rent: $3,500

View on Zillow →

12780 NW 16th Ave

North Miami, 33167 · rent comp

Bedrooms / bathrooms3 bd / 1 ba
Square footage1,214
Listed2026-08-10
Days on market

Asking rent: $2,800

View on Zillow →

12560 NW 22nd Pl

Miami, 33167 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,695
Listed
Days on market

Asking rent: $4,000

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1840 NW 112th St

Miami, 33167 · rent comp

Bedrooms / bathrooms3 bd / 1 ba
Square footage1,040
Listed2026-09-01
Days on market

Asking rent: $2,600

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
1880 NW 111th Stsingle_family321,120$539,0002026-08-31
1760 NW 135th Stsingle_family331,740$555,0002026-08-18
12455 W Randall Park Drsingle_family31851$475,0002026-08-17
10747 NW 22nd Ctsingle_family321,444$605,0002026-08-15
1545 NW 130th Stsingle_family311,075$468,0002026-08-03
10920 NW 12th Ctsingle_family321,724$480,0002026-07-30
12700 NW 15th Avesingle_family311,203$308,0002026-07-21
12425 NW 22nd Avesingle_family322,318$500,0002026-07-14
1610 NW 125th Stsingle_family311,342$301,5002026-07-10
1560 NW 130th Stsingle_family311,035$475,0002026-06-16
12730 NW 22nd Avesingle_family321,552$520,0002026-06-12
1445 NW 116th Tersingle_family321,412$550,0002026-06-08
12430 NW 20th Avesingle_family311,175$589,0002026-06-08
2615 NW 111th Stsingle_family321,248$1,400,0002026-06-08
1680 NW 122nd Stsingle_family331,540$560,0002026-06-01
1455 NW 112th Stsingle_family321,317$400,0002026-06-01
12310 W Golf Drsingle_family321,368$375,0002026-05-29
10731 NW 22nd Ctsingle_family321,107$350,0002026-05-15
12975 NW 16th Avesingle_family311,075$410,0002026-05-13
14321 NW 14th Drsingle_family332,350$725,0002026-05-05
1245 NW 130th Stsingle_family321,395$490,0002026-05-05
1525 NW 126th Stsingle_family311,150$385,0002026-04-24
1760 NW 127th Stsingle_family31851$424,0002026-04-23
11330 NW 21st Ctsingle_family321,092$505,0002026-04-22
1860 NW 121st Stsingle_family322,043$625,0002026-04-21
1775 NW 132nd Stsingle_family321,311$560,0002026-04-20
11406 NW 17th Avesingle_family32782$419,0002026-04-17
1800 NW 122nd Stsingle_family311,705$465,0002026-04-16
13025 NW 21st Avesingle_family321,184$400,0002026-04-02
1540 NW 135th Stsingle_family321,308$330,0002026-03-31
2115 NW 129th Stsingle_family321,576$625,0002026-03-31
13040 NW 13th Avesingle_family321,359$456,0002026-03-27
12801 W Randall Park Drsingle_family31884$444,9902026-03-24
1520 NW 128th Stsingle_family311,112$450,0002026-03-18
12501 NW 20th Avesingle_family311,180$499,0002026-03-18
1535 NW 124th Stsingle_family32$470,0002026-02-27
13201 NW 26th Ctsingle_family311,747$495,0002026-02-03
12601 NW 22nd Avesingle_family322,419$400,0002026-01-29
1370 NW 117th Stsingle_family321,614$130,0002026-01-23
1370 NW 112th Stsingle_family321,412$325,0002025-12-30
12950 NW 22nd Avesingle_family321,322$530,0002025-12-12
10800 NW 18th Avesingle_family321,225$575,0002025-12-11
1340 NW 128th Stsingle_family331,153$500,0002025-10-15
1915 NW 115th Stsingle_family321,704$430,0002025-10-10
1757 NW 109th Stsingle_family32768$475,0002025-10-07
1561 NW 132nd Stsingle_family321,608$519,9002025-09-26
1832 NW 112th Stsingle_family32$420,0002025-09-11
11125 E Golf Drsingle_family321,274$500,0002025-09-11
1275 NW 134th Stsingle_family321,200$460,0002025-09-10

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
1725 NW 121st Stsingle_family31828$630,000
1861 NW 112th Stsingle_family321,578$478,500
12865 NW 24th Avetownhomes331,695$480,000
1631 NW 114th Stsingle_family321,158$499,000
12808 NW 22nd Pltownhomes331,331$575,000
12750 NW 23rd Pltownhomes331,827$585,000
12123 NW 23rd Ctcondo_townhome_rowhome_coop331,545$470,000
2200 NW 110th Stsingle_family321,248$615,000

10-year hold projection

IRR4.7%
Equity multiple1.75x
Total return (10yr)$150,838
YearProperty valueNOICash flowLoan balanceEquity
1$489,250$21,105-$10,149$375,880$113,370
2$503,928$21,812-$9,490$371,477$132,450
3$519,045$22,542-$8,810$366,772$152,274
4$534,617$23,296-$8,108$361,743$172,873
5$550,655$24,074-$7,382$356,370$194,286
6$567,175$24,878-$6,632$350,627$216,548
7$584,190$25,708-$5,857$344,490$239,700
8$601,716$26,565-$5,057$337,931$263,784
9$619,767$27,450-$4,230$330,922$288,845
10$638,360$28,363-$3,376$323,432$314,928
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.