650 NE 149th St Apt 505F
Miami, FL 33161 · condos · For Sale · 127 days on market
Asking price$220,000
2 beds 1 baths 860 sqft
Suggested offer$206,700$13,300 above the est. market value of $206,700.
View on Realtor.com →Listed by Nicole Faur · Efa Realty
Typecondos
Built—
Price / sqft$256
Est. value (Realtor.com)$206,700
Rent estimate (own analysis)$2,190/mo
HOA$975/mo
Wind10/10Extreme$Heat10/10ExtremeFlood6/10major$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-04-28
Removed date—
MLSMiamiMLS #A12009169
Coordinates25.91151, -80.18633
Address650 NE 149th St Apt 505F
CityMiami
StateFL
Zip33161
Listing ID5560657611
Sourcerealtor, cached 2026-08-21
ZIP market snapshot (33161)
Typical home value (ZHVI)$498,596
Typical rent (ZORI)$2,323/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 | $220,000 |
| Down payment (20.0%) | $44,000 |
| Loan amount | $176,000 |
| Closing costs (5.0%) | $11,000 |
| Total cash to close | $55,000 |
| Income | |
| Rent (comp-derived) | $2,190$26,280 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,015$24,178 |
| Operating expenses | |
| Property tax (real MLS tax bill, from Realtor Search) | $167$2,000 |
| Insurance (est. scaled by flood & wind risk) | $257$3,080 |
| HOA dues | $975$11,700 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $110$1,314 |
| Total operating expenses | $1,508$18,094 |
| 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) | $110$1,314 |
| 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 | 2 | 1 | 1,100 | $2,200 | 2026-08-19 | — | |
| apartment | 2 | 1 | 751 | $2,300 | 2026-08-18 | — | |
| condos | 2 | 2 | 987 | $2,250 | 2026-08-17 | — | |
| apartment | 2 | 2 | 1,000 | $2,000 | 2026-08-17 | — | |
| apartment | 2 | 1 | 900 | $2,100 | 2026-08-11 | — | |
| condos | 2 | 2 | 760 | $2,200 | 2026-08-24 | — | |
| apartment | 2 | 1 | 780 | $2,500 | 2026-08-06 | — | |
| condos | 2 | 2 | 1,045 | $1,995 | 2026-08-05 | — | |
| condos | 2 | 2 | 952 | $1,750 | 2026-07-15 | — | |
| apartment | 2 | 1 | 1,100 | $2,250 | 2026-07-06 | — | |
| apartment | 2 | 1 | 1,100 | $2,250 | 2026-07-03 | — | |
| apartment | 2 | 2 | 1,020 | $2,590 | 2026-06-29 | — | |
| apartment | 2 | 1 | 860 | $1,750 | 2026-06-11 | — | |
| apartment | 2 | 1 | 700 | $2,450 | 2026-06-06 | — | |
| apartment | 2 | 2 | 1,000 | $2,500 | 2026-05-20 | — | |
| condos | 2 | 2 | 952 | $2,000 | 2026-07-31 | — | |
| apartment | 2 | 1 | 660 | $1,500 | 2026-07-29 | — | |
| condos | 2 | 2 | 952 | $1,800 | 2026-07-29 | — | |
| condos | 2 | 2 | 800 | $1,790 | 2026-07-28 | — | |
| condos | 2 | 2 | 800 | $1,900 | 2026-01-14 | — | |
| condos | 2 | 2 | 1,029 | $2,550 | 2026-04-24 | — | |
| apartment | 2 | 2 | 1,000 | $2,459 | 2025-10-10 | — | |
| apartment | 2 | 2 | 951 | $2,327 | — | — | |
| apartment | 2 | 2 | 951 | $2,165 | — | — | |
| apartment | 2 | 2 | 949 | $2,077 | — | — | |
| apartment | 2 | 2 | 949 | $2,092 | — | — | |
| apartment | 2 | 2 | 1,045 | $2,644 | — | — | |
| apartment | 2 | 2 | 951 | $2,230 | — | — | |
| condos | 2 | 2 | 985 | $2,200 | 2026-08-27 | — | |
| apartment | 2 | 2 | 1,000 | $3,650 | 2026-08-27 | — | |
| condos | 2 | 1 | 860 | $1,800 | 2026-08-27 | — | |
| apartment | 2 | 2 | 901 | $2,800 | 2024-10-15 | — | |
| apartment | 2 | 2 | 1,020 | $2,750 | 2022-06-21 | — | |
| condos | 2 | 2 | 860 | $1,800 | 2026-08-10 | — | |
| condos | 2 | 2 | 890 | $2,050 | 2026-04-04 | — | |
| apartment | 2 | 1 | 850 | $1,775 | 2026-07-09 | — | |
| condos | 2 | 2 | 1,113 | $2,200 | 2026-04-10 | — | |
| condos | 2 | 2 | 1,113 | $1,900 | 2026-07-10 | — | |
| apartment | 2 | 1 | 850 | $2,100 | 2026-08-25 | — | |
| apartment | 2 | 1 | 875 | $2,695 | 2026-06-18 | — | |
| apartment | 2 | 1 | 830 | $2,000 | 2026-08-19 | — | |
| condos | 2 | 2 | 985 | $2,400 | 2026-06-17 | — | |
| apartment | 2 | 1 | 1,090 | $2,150 | 2026-07-22 | — | |
| condos | 2 | 2 | 1,091 | $1,900 | 2026-08-07 | — | |
| apartment | 2 | 1 | 900 | $2,100 | 2026-08-19 | — | |
| apartment | 2 | 1 | 910 | $1,900 | 2026-07-22 | — | |
| condos | 2 | 2 | 880 | $1,999 | 2026-05-24 | — | |
| apartment | 2 | 1 | 850 | $1,999 | 2026-07-18 | — | |
| condos | 2 | 1 | 1,025 | $1,900 | 2026-06-22 | — | |
| apartment | 2 | 1 | 900 | $1,825 | 2026-07-20 | — | |
| apartment | 2 | 2 | 901 | $3,100 | 2026-07-29 | — | |
| apartment | 2 | 2 | 740 | $2,560 | 2025-08-10 | — | |
| apartment | 2 | 2 | 949 | $2,077 | — | — | |
| apartment | 2 | 2 | 951 | $2,189 | — | — | |
| apartment | 2 | 2 | 951 | $2,190 | — | — | |
| apartment | 2 | 2 | 951 | $2,165 | — | — | |
| apartment | 2 | 2 | 949 | $2,087 | — | — | |
| apartment | 2 | 2 | 951 | $2,190 | — | — | |
| apartment | 2 | 2 | 949 | $2,125 | — | — | |
| apartment | 2 | 2 | 1,045 | $2,808 | — | — | |
| apartment | 2 | 2 | 951 | $2,332 | — | — | |
| apartment | 2 | 2 | 1,045 | $2,666 | — | — | |
| apartment | 2 | 2 | 1,045 | $2,841 | — | — | |
| apartment | 2 | 2 | 1,045 | $2,841 | — | — | |
| apartment | 2 | 2 | 1,045 | $2,836 | — | — | |
| apartment | 2 | 2 | 1,045 | $2,766 | — | — | |
| apartment | 2 | 2 | 1,045 | $2,836 | — | — | |
| apartment | 2 | 2 | 1,000 | $3,000 | 2026-08-31 | — |
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 |
|---|---|---|---|---|---|---|
| 1470 NE 123rd St Unit A701 | condos | 2 | 2 | 1,260 | $245,000 | 2026-08-31 |
| 11905 NE 2nd Ave Unit C403 | condos | 2 | 2 | 1,046 | $165,000 | 2026-08-06 |
| 11905 NE 2nd Ave Unit C411 | condos | 2 | 2 | 1,046 | $130,000 | 2026-07-31 |
| 1310 NE 117th Ter Unit 2 | condos | 2 | 2 | 1,700 | $565,000 | 2026-07-21 |
| 12035 NE 2nd Ave Unit A423 | condos | 2 | 2 | 928 | $100,000 | 2026-07-13 |
| 1470 NE 123rd St Unit A1107 | condos | 2 | 2 | 1,182 | $200,000 | 2026-07-07 |
| 11905 NE 2nd Ave Unit C308 | condos | 2 | 2 | 860 | $154,000 | 2026-06-16 |
| 14234 NE 3rd Ct Unit 11C | condos | 2 | 2 | 1,200 | $250,000 | 2026-05-18 |
| 555 NE 123rd St Unit 218A | condos | 2 | 2 | 1,009 | $279,000 | 2026-02-10 |
| 650 NE 149th St Apt 110A | condos | 2 | 2 | 860 | $130,000 | 2026-01-30 |
| 13500 NE 3rd Ct Apt 423 | condos | 2 | 2 | 920 | $170,000 | 2025-12-15 |
| 11925 NE 2nd Ave Unit B309 | condos | 2 | 2 | 1,046 | $139,900 | 2025-11-10 |
| 11905 NE 2nd Ave Unit C315 | condos | 2 | 2 | 860 | $145,000 | 2025-10-23 |
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 |
|---|---|---|---|---|---|---|
| 10860 NE 11th Ave | single_family | 2 | 1 | 1,021 | $825,000 | — |
| 1289 NE 146th St | single_family | 2 | 1 | 591 | $699,999 | — |
| 14241 Memorial Highway 9F | condos | 2 | 2 | 1,182 | $264,995 | — |
| 1350 NE 119th St Unit 135021 | condos | 2 | 2 | 952 | $165,000 | — |
| 1251 NE 108th St Apt 423 | condos | 2 | 2 | 1,010 | $250,000 | — |
| 274 NE 141st St Unit 3C | townhomes | 2 | 2 | 1,200 | $250,000 | — |
| 14310 NE 5th Pl | single_family | 2 | 2 | 1,160 | $330,000 | — |
| 14225 Memorial Hwy # 1F | townhomes | 2 | 2 | 1,182 | $295,000 | — |
10-year hold projection
IRR-0.3%
Equity multiple0.95x
Total return (10yr)$25,873
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $226,600 | $6,084 | -$8,803 | $174,092 | $52,508 |
| 2 | $233,398 | $6,357 | -$8,563 | $172,053 | $61,345 |
| 3 | $240,400 | $6,640 | -$8,313 | $169,873 | $70,527 |
| 4 | $247,612 | $6,934 | -$8,053 | $167,544 | $80,068 |
| 5 | $255,040 | $7,240 | -$7,783 | $165,056 | $89,985 |
| 6 | $262,692 | $7,557 | -$7,502 | $162,396 | $100,296 |
| 7 | $270,572 | $7,886 | -$7,210 | $159,553 | $111,019 |
| 8 | $278,689 | $8,227 | -$6,907 | $156,516 | $122,174 |
| 9 | $287,050 | $8,582 | -$6,592 | $153,270 | $133,781 |
| 10 | $295,662 | $8,949 | -$6,264 | $149,800 | $145,861 |
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.