10831 NE 2nd Ct
Miami, FL 33161 · multi_family · For Sale · 16 days on market
Asking price$750,000
4 beds 2 baths 1,625 sqft
Suggested offer$597,944$152,056 above the est. market value of $597,944.
View on Realtor.com →Listed by Johnnie Allen · Design Realty & Management Inc
Typemulti_family
Built1963
Price / sqft$462
Est. value (own analysis)$597,944
Rent estimate (building total, own analysis)$3,792/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood3/10moderate$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-08-17
Removed date—
MLSMiamiMLS #A12072866
Coordinates25.87532, -80.19284
Address10831 NE 2nd Ct
CityMiami
StateFL
Zip33161
Listing ID5690730424
Sourceus-real-estate-listings, cached 2026-09-01
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 | $750,000 |
| Down payment (20.0%) | $150,000 |
| Loan amount | $600,000 |
| Closing costs (5.0%) | $37,500 |
| Total cash to close | $187,500 |
| Income | |
| Rent (estimate) | $3,792$45,500 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,488$41,860 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,188$14,250 |
| Insurance (est. scaled by flood & wind risk) | $800$9,600 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $190$2,275 |
| Total operating expenses | $2,177$26,125 |
| 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) | $190$2,275 |
| 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.
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 |
|---|---|---|---|---|---|---|
| 11003 NE 12th Ave | multi_family | 4 | 3 | 1,924 | $722,000 | 2026-08-11 |
| 1371 NE 150th St | multi_family | 4 | 2 | 1,500 | $545,000 | 2026-07-06 |
| 1376 NE 111th St # 2 | multi_family | 4 | 4 | 1,749 | $700,000 | 2026-05-19 |
| 11020 NE 10th Ave | multi_family | 4 | 2 | 1,805 | $855,000 | 2026-05-15 |
| 1490 NE 110th Ter | multi_family | 4 | 4 | 1,584 | $400,000 | 2026-04-23 |
| 1560 NE 130th St | multi_family | 4 | 2 | 1,900 | $350,000 | 2026-04-15 |
| 1296 NE 112th St | multi_family | 4 | 2 | 1,920 | $805,000 | 2026-03-23 |
| 11105 NE 9th Ave # 0 | multi_family | 4 | 2 | 1,690 | $875,000 | 2026-03-02 |
| 1550 NE 118th Ter | multi_family | 4 | 4 | 1,848 | $680,000 | 2026-02-26 |
| 1051 NE 149th St | multi_family | 4 | 2 | 2,765 | $60,000 | 2025-12-15 |
| 1350 NE 146th St | multi_family | 4 | 4 | 2,310 | $460,000 | 2025-11-17 |
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 |
|---|---|---|---|---|---|---|
| 171 NE 117th St | multi_family | 4 | 4 | 1,765 | $700,000 | — |
| 1216-1218 NE 112th St | multi_family | 4 | 4 | 1,810 | $975,000 | — |
| 325 NE 108th St | multi_family | 4 | 3 | 1,705 | $725,000 | — |
| 11420 NE 4th Ave | single_family | 4 | 3 | 1,803 | $975,000 | — |
| 10850 N Bayshore Dr | single_family | 4 | 6 | — | $4,800,000 | — |
| 1112 NE 111th St | multi_family | 4 | 3 | 1,756 | $815,000 | — |
| 134 NE 117th St | single_family | 4 | 3 | — | $850,000 | — |
| 530 NE 130th St | single_family | 4 | 3 | — | $719,999 | — |
10-year hold projection
IRR-1.7%
Equity multiple0.72x
Total return (10yr)$46,267
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $772,500 | $15,735 | -$32,809 | $593,495 | $179,005 |
| 2 | $795,675 | $16,338 | -$32,263 | $586,543 | $209,132 |
| 3 | $819,545 | $16,962 | -$31,698 | $579,113 | $240,432 |
| 4 | $844,132 | $17,608 | -$31,111 | $571,174 | $272,958 |
| 5 | $869,456 | $18,277 | -$30,504 | $562,689 | $306,767 |
| 6 | $895,539 | $18,969 | -$29,874 | $553,621 | $341,918 |
| 7 | $922,405 | $19,686 | -$29,221 | $543,931 | $378,474 |
| 8 | $950,078 | $20,428 | -$28,545 | $533,575 | $416,502 |
| 9 | $978,580 | $21,196 | -$27,845 | $522,509 | $456,071 |
| 10 | $1,007,937 | $21,991 | -$27,119 | $510,682 | $497,255 |
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.