6950 NW 6th Ct
Miami, FL 33150 · multi_family · For Sale · 18 days on market
Asking price$499,900
3 beds 2 baths 1,316 sqft
Listed by Ronald Henry · Premier Realty & Invest. Group
Typemulti_family
Built1955
Price / sqft$380
Est. value (own analysis)$515,840
Rent estimate (building total, own analysis)$2,861/mo
HOANone
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Statusfor_sale
Listed date2026-08-15
Removed date—
MLSMiamiMLS #A12071785
Coordinates25.83860, -80.20822
Address6950 NW 6th Ct
CityMiami
StateFL
Zip33150
Listing ID5550573214
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33150)
Typical home value (ZHVI)$453,432
Typical rent (ZORI)$2,416/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 | $499,900 |
| Down payment (20.0%) | $99,980 |
| Loan amount | $399,920 |
| Closing costs (5.0%) | $24,995 |
| Total cash to close | $124,975 |
| Income | |
| Rent (estimate) | $2,861$34,330 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,632$31,584 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $792$9,498 |
| Insurance (placeholder 0.8% of price) | $333$3,999 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $143$1,717 |
| Total operating expenses | $1,268$15,214 |
| 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) | $143$1,717 |
| 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
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| multi_family | 3 | 2 | 1,000 | $2,900 | 2026-08-18 | — |
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 |
|---|---|---|---|---|---|---|
| 6241 NW Miami Pl | multi_family | 3 | 2 | 1,800 | $850,000 | 2026-07-09 |
| 7612 NW 4th Ave | multi_family | 3 | 1 | 1,620 | $635,000 | 2026-07-08 |
| 772 NW 80th St | multi_family | 3 | 2 | 1,432 | $650,000 | 2026-05-27 |
| 93 NW 69th St | multi_family | 3 | 1 | 2,102 | $445,000 | 2026-05-20 |
| 8290 NW 5th Ave | multi_family | 3 | 2 | 1,404 | $520,000 | 2025-12-01 |
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 |
|---|---|---|---|---|---|---|
| 595 NW 101st St | single_family | 3 | 2 | 854 | $439,900 | — |
| 1135 NW 65th St | single_family | 3 | 1 | 856 | $270,000 | — |
| 7010 NW 6th Ave | single_family | 3 | 2 | 1,203 | $415,000 | — |
| 9407 NW 4th Ave | single_family | 3 | 1 | 1,364 | $564,900 | — |
| 1067 NW 101st St | single_family | 3 | 2 | 1,217 | $558,000 | — |
| multi_family | 3 | 2 | 1,473 | $560,000 | — | |
| 8325 NW 5th Ave Unit 8325 | condos | 3 | 2 | 1,150 | $250,000 | — |
| 7529 NW 1st Ave | single_family | 3 | 2 | 1,230 | $528,000 | — |
10-year hold projection
IRR1.5%
Equity multiple1.24x
Total return (10yr)$95,456
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $514,897 | $16,370 | -$16,186 | $395,584 | $119,313 |
| 2 | $530,344 | $16,937 | -$15,662 | $390,950 | $139,394 |
| 3 | $546,254 | $17,523 | -$15,120 | $385,998 | $160,256 |
| 4 | $562,642 | $18,129 | -$14,559 | $380,706 | $181,936 |
| 5 | $579,521 | $18,755 | -$13,980 | $375,051 | $204,470 |
| 6 | $596,907 | $19,401 | -$13,380 | $369,007 | $227,900 |
| 7 | $614,814 | $20,070 | -$12,761 | $362,548 | $252,266 |
| 8 | $633,258 | $20,760 | -$12,120 | $355,646 | $277,612 |
| 9 | $652,256 | $21,473 | -$11,458 | $348,270 | $303,986 |
| 10 | $671,824 | $22,210 | -$10,774 | $340,387 | $331,437 |
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.