1541 NW 1st Ct
Miami, FL 33136 · single_family · For Sale · 225 days on market
Asking price$1,000,000
3 beds 2 baths 1,480 sqft
Suggested offer$991,200$8,800 above the est. market value of $991,200.
View on Realtor.com →Listed by Sherita Hanks · Extraordinary Realty Group, LLC.
Typesingle_family
Built—
Price / sqft$676
Est. value (Realtor.com)$991,200
Rent estimate (own analysis)$3,325/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood3/10moderate$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-01-20
Removed date—
MLSMiamiMLS #A11945693
Coordinates25.79018, -80.19729
Address1541 NW 1st Ct
CityMiami
StateFL
Zip33136
Listing ID5635967802
Sourcerealtor, cached 2026-08-21
ZIP market snapshot (33136)
Typical home value (ZHVI)$317,970
Typical rent (ZORI)$2,599/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 | $1,000,000 |
| Down payment (20.0%) | $200,000 |
| Loan amount | $800,000 |
| Closing costs (5.0%) | $50,000 |
| Total cash to close | $250,000 |
| Income | |
| Rent (comp-derived) | $3,325$39,900 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,059$36,708 |
| Operating expenses | |
| Property tax (real MLS tax bill, from Realtor Search) | $158$1,892 |
| Insurance (est. scaled by flood & wind risk) | $1,067$12,800 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $166$1,995 |
| Total operating expenses | $1,391$16,687 |
| 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) | $166$1,995 |
| 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 |
|---|---|---|---|---|---|---|---|
| single_family | 3 | 3 | 1,190 | $3,300 | 2026-08-13 | — | |
| single_family | 3 | 2 | 1,480 | $3,350 | 2026-05-19 | — | |
| single_family | 3 | 2 | 1,175 | $3,500 | 2026-08-25 | — | |
| single_family | 3 | 3 | 1,190 | $3,300 | — | — |
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 |
|---|---|---|---|---|---|---|
| 1104 NW 6th St | single_family | 3 | 2 | 1,649 | $550,000 | 2026-06-15 |
| 901 NW 10th Ct | single_family | 3 | 1 | 1,395 | $840,000 | 2026-06-05 |
| 828 NW 9th Ave | single_family | 3 | 2 | 1,793 | $1,062,500 | 2026-05-26 |
| 691 NW 7th Street Rd | single_family | 3 | 3 | 1,840 | $1,550,000 | 2026-01-27 |
| 1945 NW 3rd Ave | single_family | 3 | 2 | 1,175 | $500,000 | 2026-01-06 |
| 5374733545 | single_family | 3 | 2 | 1,222 | $350,000 | 2025-12-11 |
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 |
|---|---|---|---|---|---|---|
| 902 NW 10th Ct | single_family | 3 | 2 | 1,659 | $1,000,000 | — |
| 1999 NW 5th Pl Apt 2 | condos | 3 | 1 | 1,027 | $285,000 | — |
| 1090N NW North River Dr Unit 404 | condos | 3 | 4 | 2,394 | $1,950,000 | — |
| 542 N Miami Ave Unit 6403 | condos | 3 | 3 | 2,070 | $2,680,000 | — |
| 542 N Miami Ave Unit 6604 | condos | 3 | 3 | 2,005 | — | — |
| 1990 NW 4th Ct Apt 7 | condos | 3 | 2 | 1,026 | $305,000 | — |
10-year hold projection
IRR-1.8%
Equity multiple0.71x
Total return (10yr)$57,600
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,030,000 | $20,021 | -$43,666 | $791,326 | $238,674 |
| 2 | $1,060,900 | $20,705 | -$43,032 | $782,057 | $278,843 |
| 3 | $1,092,727 | $21,412 | -$42,377 | $772,151 | $320,576 |
| 4 | $1,125,509 | $22,142 | -$41,699 | $761,564 | $363,944 |
| 5 | $1,159,274 | $22,896 | -$40,999 | $750,251 | $409,023 |
| 6 | $1,194,052 | $23,675 | -$40,275 | $738,161 | $455,891 |
| 7 | $1,229,874 | $24,479 | -$39,526 | $725,241 | $504,633 |
| 8 | $1,266,770 | $25,311 | -$38,753 | $711,433 | $555,337 |
| 9 | $1,304,773 | $26,169 | -$37,954 | $696,677 | $608,096 |
| 10 | $1,343,916 | $27,056 | -$37,128 | $680,908 | $663,008 |
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.