380 NW 85th Pl Unit 1406
Miami, FL 33126 · condos · For Sale · 113 days on market
Asking price$478,000
3 beds 3 baths 1,560 sqft
Suggested offer$411,546$66,454 above the est. market value of $411,546.
View on Realtor.com →Listed by Daylan Rubido - "The Doral Broker" · Brokernation Real Estate Doral, LLC
Typecondos
Built1991
Price / sqft$306
Est. value (own analysis)$411,546
Rent estimate (own analysis)$3,390/mo
HOA$475/mo
Wind10/10Extreme$Heat10/10ExtremeFlood3/10moderate$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-05-12
Removed date—
MLSMiamiMLS #A12017792
Coordinates25.77458, -80.33558
Address380 NW 85th Pl Unit 1406
CityMiami
StateFL
Zip33126
Listing ID5547307570
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33126)
Typical home value (ZHVI)$303,717
Typical rent (ZORI)$2,370/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 | $478,000 |
| Down payment (20.0%) | $95,600 |
| Loan amount | $382,400 |
| Closing costs (5.0%) | $23,900 |
| Total cash to close | $119,500 |
| Income | |
| Rent (comp-derived) | $3,390$40,680 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,119$37,426 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $757$9,082 |
| Insurance (est. scaled by flood & wind risk) | $510$6,118 |
| HOA dues | $475$5,700 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $170$2,034 |
| Total operating expenses | $1,911$22,934 |
| 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) | $170$2,034 |
| 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 |
|---|---|---|---|---|---|---|---|
| condos | 3 | 2 | 1,208 | $2,590 | 2026-08-12 | — | |
| condos | 3 | 2 | 1,035 | $3,300 | 2026-08-09 | — | |
| condos | 3 | 2 | 1,250 | $3,500 | 2026-08-05 | — | |
| apartment | 3 | 2 | 1,875 | $3,450 | 2026-07-20 | — | |
| condos | 3 | 2 | 1,120 | $2,600 | 2026-06-23 | — | |
| apartment | 3 | 2 | 1,150 | $3,250 | 2026-08-04 | — | |
| apartment | 3 | 2 | 1,080 | $2,600 | — | — | |
| condos | 3 | 2 | 1,099 | $3,330 | — | — | |
| apartment | 3 | 2 | 1,285 | $3,490 | — | — | |
| apartment | 3 | 2 | 1,426 | $3,851 | — | — | |
| apartment | 3 | 2 | 1,426 | $3,881 | — | — | |
| apartment | 3 | 2 | 1,140 | $4,371 | — | — |
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 |
|---|---|---|---|---|---|---|
| 8401 NW 8th St Apt 401 | condos | 3 | 2 | 1,360 | $323,000 | 2026-08-07 |
| 8541 NW 7th St Unit 32 | condos | 3 | 3 | 1,611 | $425,000 | 2026-07-08 |
| 5050 NW 7th St Apt 701 | condos | 3 | 2 | 1,120 | $215,000 | 2026-05-05 |
| 5050 NW 7th St Apt 401 | condos | 3 | 2 | 1,120 | $290,000 | 2026-04-24 |
| 8330 NW 10th St Unit 10I | condos | 3 | 3 | 1,600 | $440,000 | 2026-03-30 |
| 5249 NW 7th St Apt 109 | condos | 3 | 2 | 1,080 | $310,000 | 2025-11-03 |
| 4242 NW 2nd St Apt 804 | condos | 3 | 2 | 1,270 | $535,000 | 2025-10-20 |
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 |
|---|---|---|---|---|---|---|
| 10 NW 60th Ct | single_family | 3 | 2 | 1,563 | $669,900 | — |
| 229-230 NW 48th Ct | multi_family | 3 | 3 | 1,265 | $699,000 | — |
| 8356 NW 10th St Unit 6D | townhomes | 3 | 3 | 1,600 | $480,000 | — |
| 350 NW 58th Ave | single_family | 3 | 2 | 1,205 | $697,000 | — |
| 5170 NW 2nd St | single_family | 3 | 2 | 1,734 | $595,000 | — |
| 320 NW 61st Ave | single_family | 3 | 2 | 2,005 | $550,000 | — |
| 333 NW 60th Ave | single_family | 3 | 2 | 1,167 | $483,000 | — |
| 390 NW 86th Ct Unit 803 | townhomes | 3 | 3 | 1,560 | $464,900 | — |
10-year hold projection
IRR0.7%
Equity multiple1.11x
Total return (10yr)$75,741
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $492,340 | $14,491 | -$17,032 | $378,254 | $114,086 |
| 2 | $507,110 | $15,041 | -$16,533 | $373,823 | $133,287 |
| 3 | $522,324 | $15,609 | -$16,017 | $369,088 | $153,236 |
| 4 | $537,993 | $16,198 | -$15,481 | $364,028 | $173,966 |
| 5 | $554,133 | $16,808 | -$14,927 | $358,620 | $195,513 |
| 6 | $570,757 | $17,438 | -$14,352 | $352,841 | $217,916 |
| 7 | $587,880 | $18,091 | -$13,756 | $346,665 | $241,215 |
| 8 | $605,516 | $18,767 | -$13,140 | $340,065 | $265,451 |
| 9 | $623,682 | $19,466 | -$12,501 | $333,011 | $290,670 |
| 10 | $642,392 | $20,190 | -$11,839 | $325,474 | $316,918 |
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.