6100 NW 2nd St

Miami, FL 33126 · single_family · For Sale · 33 days on market
Asking price$850,000
4 beds 3 baths 1,836 sqft
Suggested offer$735,184$114,816 above the est. market value of $735,184.
View on Realtor.com →
Listed by Cristina Llanos · Redfin Corporation
Typesingle_family
Built1952
Price / sqft$463
Est. value (own analysis)$735,184
Rent estimate (own analysis)$3,900/mo
HOANone
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Neighborhood

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Statusfor_sale
Listed date2026-07-31
Removed date
MLSMiamiMLS #A12058749
Coordinates25.77220, -80.29547
Address6100 NW 2nd St
CityMiami
StateFL
Zip33126
Listing ID5737394325
Sourceus-real-estate-listings, cached 2026-08-28

ZIP market snapshot (33126)

Typical home value (ZHVI)$303,717
Typical rent (ZORI)$2,370/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$850,000
Down payment (20.0%)$170,000
Loan amount$680,000
Closing costs (5.0%)$42,500
Total cash to close$212,500
Rent (comp-derived)$3,900$46,800
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$46,800
Vacancy rate (assumption) assumption8.0%

$46,800 × 8.0% = $3,744

Effective gross income$3,588$43,056
Property tax (placeholder 1.9% of price)$1,346$16,150
Insurance (placeholder 0.8% of price)$567$6,800
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$195$2,340
Total operating expenses$2,108$25,290
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$43,056
Total operating expenses derived$25,290

$43,056 − $25,290 = $17,766

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$680,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$680,000 amortized at 6.7% over 30 years = $4,370/mo

CapEx reserve (5.0% of GSR)$195$2,340
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$17,766
Annual debt service derived$52,438
Annual CapEx reserve assumption$2,340
Annual PMI assumption$0

($17,766 − $52,438 − $2,340 − $0) ÷ 12 = -$3,084

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$17,766
Purchase price data$850,000

$17,766 ÷ $850,000 = 2.1%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$37,012
Total cash to close derived$212,500

-$37,012 ÷ $212,500 = -17.4%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$17,766
Annual debt service derived$52,438

$17,766 ÷ $52,438 = 0.34

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$46,800
Purchase price data$850,000

($46,800 ÷ 12) ÷ $850,000 = 0.5%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$850,000
Gross scheduled rent (annual) comp$46,800

$850,000 ÷ $46,800 = 18.2

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$25,290
Effective gross income derived$43,056

$25,290 ÷ $43,056 = 58.7%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$25,290
Annual debt service derived$52,438
Annual PMI assumption$0
Gross scheduled rent (annual) comp$46,800

($25,290 + $52,438 + $0) ÷ $46,800 = 166.1%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family431,812$4,0002026-07-18
single_family431,585$3,8002026-06-12
single_family431,910$4,5002026-03-11
single_family421,330$3,200

8684 NW 1st St Unit 0

Miami, 33126 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,812
Listed2026-07-18
Days on market

Asking rent: $4,000

View on Zillow →

8627 NW 1st Ln Unit 0

Miami, 33126 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,585
Listed2026-06-12
Days on market

Asking rent: $3,800

View on Zillow →

5181 NW 4th Ter

Miami, 33126 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,910
Listed2026-03-11
Days on market

Asking rent: $4,500

View on Zillow →

511 NW 82nd Ave Apt 418

Miami, 33126 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,330
Listed
Days on market

Asking rent: $3,200

View on Zillow →

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
250 NW 40th Avesingle_family421,365$715,0002026-08-13
221 NW 85th Plsingle_family431,585$620,0002026-06-24
821 NW 40th Avesingle_family432,250$730,0002026-06-02
560 NW 57th Ctsingle_family421,706$550,0002026-05-06
6300 NW 2nd Stsingle_family431,873$750,0002026-05-05
6031 NW 5th Stsingle_family421,386$577,0002026-03-05
202 NW 60th Avesingle_family421,620$640,0002026-02-24
111 NW 39th Avesingle_family421,383$650,0002026-02-09
6341 Tamiami Canal Rdsingle_family421,840$671,5002026-01-30
3720 NW 2nd Tersingle_family431,134$589,9002026-01-06
550 NW 58th Ctsingle_family421,798$922,0002025-12-09
7330 NW 6th Stsingle_family431,790$690,0002025-10-15
7325 NW 3rd Stsingle_family421,338$575,0002025-09-25

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.

AddressTypeBedsBathsSqftAsking priceDays on market
30 NW 56th Ctmulti_family421,450$725,000
7239 NW Third Stmulti_family431,480$770,000
321 NW 56th Avesingle_family431,345$800,000
6060 NW 7th Stsingle_family421,168$475,000
4074 NW 4th Stsingle_family431,506$644,000
4518 NW 4th Sttownhomes443,180$770,000
8408 NW 8th St Unit 8408townhomes431,794$610,000
5181 NW 5th Stmulti_family421,806$730,999

10-year hold projection

IRR-1.7%
Equity multiple0.73x
Total return (10yr)$53,212
YearProperty valueNOICash flowLoan balanceEquity
1$875,500$17,766-$37,012$672,627$202,873
2$901,765$18,425-$36,411$664,748$237,017
3$928,818$19,108-$35,789$656,328$272,490
4$956,682$19,814-$35,144$647,330$309,352
5$985,383$20,544-$34,477$637,714$347,669
6$1,014,944$21,300-$33,785$627,437$387,507
7$1,045,393$22,082-$33,070$616,455$428,937
8$1,076,755$22,892-$32,328$604,719$472,036
9$1,109,057$23,729-$31,561$592,177$516,881
10$1,142,329$24,595-$30,766$578,773$563,556
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.