1980 Lincoln Ave
Opa Locka, FL 33054 · multi_family · For Sale · 71 days on market
Asking price$700,000
6 beds 2 baths 1,440 sqft
Suggested offer$397,590$302,410 above the est. market value of $397,590.
View on Realtor.com →Listed by Delvin Thomas · Elite Realty Partners, Inc.
Typemulti_family
Built1962
Price / sqft$486
Est. value (own analysis)$397,590
Rent estimate (building total, own analysis)$3,275/mo
HOANone
1 / 5
Show every detail
Statusfor_sale
Listed date2026-06-23
Removed date—
MLSBeachesMLS #B26044404
Coordinates25.91163, -80.23315
Address1980 Lincoln Ave
CityOpa Locka
StateFL
Zip33054
Listing ID5657340140
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33054)
Typical home value (ZHVI)$429,838
Typical rent (ZORI)$2,279/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 | $700,000 |
| Down payment (20.0%) | $140,000 |
| Loan amount | $560,000 |
| Closing costs (5.0%) | $35,000 |
| Total cash to close | $175,000 |
| Income | |
| Rent (estimate) | $3,275$39,295 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,013$36,151 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,108$13,300 |
| Insurance (placeholder 0.8% of price) | $467$5,600 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $164$1,965 |
| Total operating expenses | $1,739$20,865 |
| 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) | $164$1,965 |
| 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.
No active rental listings cached yet for this bedroom count.
Widened to any bedroom count in ZIP. 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 |
|---|---|---|---|---|---|---|
| 15741 NW 38th Pl | multi_family | — | — | 1,560 | $644 | 2026-09-01 |
| 936 Opa Locka Blvd | multi_family | 4 | 4 | 1,992 | $550,000 | 2026-08-13 |
| 2311 Atlantic Ave Apt 4 | multi_family | 16 | 8 | 8,060 | $7,140,000 | 2026-08-07 |
| 2480 NW 139th St | multi_family | — | — | 1,161 | $479,900 | 2026-07-31 |
| 13130 Aswan Rd Apt 2 | multi_family | 4 | 4 | 2,663 | $706,000 | 2026-07-27 |
| 15755 NW 41st Ave | multi_family | 3 | 3 | 2,061 | $480,000 | 2026-06-12 |
| 1240 Sesame St | multi_family | 8 | 4 | 3,514 | $700,000 | 2026-02-24 |
| 15921 NW 39th Ct | multi_family | 4 | 2 | 1,440 | $535,000 | 2025-10-29 |
| 1331 Sharazad Blvd | multi_family | 8 | 8 | 3,602 | $1,400,000 | 2025-10-06 |
| 1786 Ali Baba Ave | multi_family | — | — | 3,920 | $750,000 | 2025-10-02 |
| 2070 Ali Baba Ave | multi_family | 14 | 8 | 5,606 | $1,600,000 | 2025-09-29 |
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 |
|---|---|---|---|---|---|---|
| single_family | 6 | 4 | 1,148 | $599,000 | — | |
| 15700 NW 37th Pl | multi_family | 6 | 4 | 2,664 | $720,000 | — |
| 2890 NW 160th St | single_family | 6 | 4 | 1,468 | $590,000 | — |
| 2911 NW 135th St | multi_family | 6 | 4 | 2,225 | $625,000 | — |
10-year hold projection
IRR-1.4%
Equity multiple0.77x
Total return (10yr)$50,927
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $721,000 | $15,287 | -$29,863 | $553,928 | $167,072 |
| 2 | $742,630 | $15,850 | -$29,349 | $547,440 | $195,190 |
| 3 | $764,909 | $16,432 | -$28,817 | $540,506 | $224,403 |
| 4 | $787,856 | $17,035 | -$28,266 | $533,095 | $254,761 |
| 5 | $811,492 | $17,658 | -$27,695 | $525,176 | $286,316 |
| 6 | $835,837 | $18,303 | -$27,105 | $516,713 | $319,124 |
| 7 | $860,912 | $18,970 | -$26,493 | $507,669 | $353,243 |
| 8 | $886,739 | $19,660 | -$25,860 | $498,004 | $388,735 |
| 9 | $913,341 | $20,374 | -$25,205 | $487,675 | $425,667 |
| 10 | $940,741 | $21,112 | -$24,526 | $476,636 | $464,105 |
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.