3001 NW 106th St

Miami, FL 33147 · multi_family · For Sale · 13 days on market
Asking price$679,000
— beds — baths 1,634 sqft
Suggested offer$491,573$187,427 above the est. market value of $491,573.
View on Realtor.com →
Listed by Jose Cabrera · Amerifirst Realty
Typemulti_family
Built1951
Price / sqft$416
Est. value (own analysis)$491,573
Rent estimate (building total, own analysis)$3,660/mo
HOANone
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-08-20
Removed date
MLSMiamiMLS #A12073489
Coordinates25.87089, -80.24704
Address3001 NW 106th St
CityMiami
StateFL
Zip33147
Listing ID5552086444
Sourceus-real-estate-listings, cached 2026-08-31

ZIP market snapshot (33147)

Typical home value (ZHVI)$444,132
Typical rent (ZORI)$2,154/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$679,000
Down payment (20.0%)$135,800
Loan amount$543,200
Closing costs (5.0%)$33,950
Total cash to close$169,750
Rent (estimate)$3,660$43,922
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$43,922
Vacancy rate (assumption) assumption8.0%

$43,922 × 8.0% = $3,514

Effective gross income$3,367$40,408
Property tax (placeholder 1.9% of price)$1,075$12,901
Insurance (placeholder 0.8% of price)$453$5,432
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$183$2,196
Total operating expenses$1,711$20,529
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$40,408
Total operating expenses derived$20,529

$40,408 − $20,529 = $19,879

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$543,200
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$543,200 amortized at 6.7% over 30 years = $3,491/mo

CapEx reserve (5.0% of GSR)$183$2,196
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$19,879
Annual debt service derived$41,889
Annual CapEx reserve assumption$2,196
Annual PMI assumption$0

($19,879 − $41,889 − $2,196 − $0) ÷ 12 = -$2,017

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$19,879
Purchase price data$679,000

$19,879 ÷ $679,000 = 2.9%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$24,206
Total cash to close derived$169,750

-$24,206 ÷ $169,750 = -14.3%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$19,879
Annual debt service derived$41,889

$19,879 ÷ $41,889 = 0.47

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$43,922
Purchase price data$679,000

($43,922 ÷ 12) ÷ $679,000 = 0.5%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$679,000
Gross scheduled rent (annual) comp$43,922

$679,000 ÷ $43,922 = 15.5

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$20,529
Effective gross income derived$40,408

$20,529 ÷ $40,408 = 50.8%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$20,529
Annual debt service derived$41,889
Annual PMI assumption$0
Gross scheduled rent (annual) comp$43,922

($20,529 + $41,889 + $0) ÷ $43,922 = 142.1%

Comparables

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

No active rental listings cached yet for this bedroom count.

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
9828 NW 26th Avemulti_family1,654$575,0002026-08-19
2316-2318 NW 98th Stmulti_family1,854$635,0002026-07-31
2121 NW 72nd Stmulti_family641,850$699,9002026-07-29
2934 NW 94th Stmulti_family1,944$690,0002026-07-29
6930 NW 15th Avemulti_family1,687$165,0002026-07-17
6885650735multi_family2,124$627,0002026-07-17
1900 NW 88th Stmulti_family2,143$520,0002026-07-13
2346 NW 103rd Stmulti_family321,660$400,0002026-06-29
9615 NW 26th Avemulti_family2,512$620,0002026-06-26
2419 NW 101st Stmulti_family2,397$730,0002026-06-26
8351 NW 15th Avemulti_family321,823$360,0002026-06-23
9200 NW 32nd Ctmulti_family923,332$797,9002026-06-09
2113 NW 93rd Stmulti_family221,012$435,0002026-06-05
8367 NW 14th Ctmulti_family321,350$520,0002026-05-11
1855 NW 93rd Termulti_family1,740$550,0002026-05-01
1511 NW 64th Stmulti_family1,508$245,0002026-04-21
8201 NW 15th Avemulti_family1,136$449,0002026-03-31
1821 NW 74th Stmulti_family1,250$499,9002026-03-27
2986 NW 91st Stmulti_family432,114$675,0002026-03-13
1817 NW 90th Stmulti_family412,171$299,9002026-02-27
2155 NW 64th Stmulti_family2,380$600,0002026-01-12
3285 NW 92nd Stmulti_family612,057$610,0002026-01-06
9164 NW 30th Ctmulti_family421,440$578,0002026-01-02
3121 NW 103rd Stmulti_family422,077$650,0002025-12-30
2380 NW 101st Stmulti_family1,218$610,0002025-12-23
2941 NW 96th Stmulti_family622,373$600,0002025-12-16
1370 NW 100th Termulti_family2,053$610,0002025-12-02
1886 NW 85th Stmulti_family321,957$330,0002025-10-28
2306 NW 102nd Stmulti_family2,656$699,0002025-10-08
1780 NW 68th Termulti_family662,400$775,0002025-09-29
1935 NW 95th Termulti_family2,496$695,0002025-09-25
10340 NW 29th Avemulti_family$810,0002025-09-16
2820 NW 95th Stmulti_family1,798$708,0002025-09-05

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.

No other cached listings nearby for this bedroom count yet.

10-year hold projection

IRR0.6%
Equity multiple1.09x
Total return (10yr)$104,128
YearProperty valueNOICash flowLoan balanceEquity
1$699,370$19,879-$24,206$537,310$162,060
2$720,351$20,578-$23,562$531,017$189,335
3$741,962$21,301-$22,896$524,290$217,671
4$764,220$22,048-$22,206$517,102$247,118
5$787,147$22,819-$21,494$509,421$277,726
6$810,762$23,617-$20,756$501,212$309,550
7$835,084$24,442-$19,994$492,439$342,646
8$860,137$25,294-$19,205$483,063$377,074
9$885,941$26,175-$18,390$473,044$412,897
10$912,519$27,085-$17,546$462,337$450,182
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.