740 NW 135th St
North Miami, FL 33168 · multi_family · For Sale · 54 days on market
Asking price$719,250
7 beds 3 baths 1,832 sqft
Suggested offer$540,094$179,156 above the est. market value of $540,094.
View on Realtor.com →Listed by Alex Acker · Coldwell Banker Realty
Typemulti_family
Built1952
Price / sqft$393
Est. value (own analysis)$540,094
Rent estimate (building total, own analysis)$4,672/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood2/10minor$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-07-10
Removed date—
MLSMiamiMLS #A12051618
Coordinates25.89795, -80.21268
Address740 NW 135th St
CityNorth Miami
StateFL
Zip33168
Listing ID5743620917
Sourceus-real-estate-listings, cached 2026-09-01
ZIP market snapshot (33168)
Typical home value (ZHVI)$465,034
Typical rent (ZORI)$2,539/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 | $719,250 |
| Down payment (20.0%) | $143,850 |
| Loan amount | $575,400 |
| Closing costs (5.0%) | $35,963 |
| Total cash to close | $179,813 |
| Income | |
| Rent (estimate) | $4,672$56,059 |
| Vacancy loss (8.0%) | |
| Effective gross income | $4,298$51,574 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,139$13,666 |
| Insurance (est. scaled by flood & wind risk) | $719$8,631 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $234$2,803 |
| Total operating expenses | $2,092$25,100 |
| 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) | $234$2,803 |
| 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 |
|---|---|---|---|---|---|---|
| 11401 NW 12th Ave | multi_family | — | — | 1,904 | $550,000 | 2026-07-30 |
| 1061 NW 108th Ter | multi_family | — | — | 2,355 | $690,000 | 2026-07-01 |
| 13493 NW 8th Ave | multi_family | — | — | 2,120 | $625,000 | 2026-06-22 |
| 1006 NW 112th Ter | multi_family | — | — | 1,258 | $580,000 | 2025-12-29 |
| 801 NW 109th St | multi_family | — | — | 1,568 | $630,000 | 2025-11-17 |
Widened to city-wide. 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 |
|---|---|---|---|---|---|---|
| 11404 N Bayshore Dr | single_family | 7 | 9 | 7,923 | $21,950,000 | — |
10-year hold projection
IRR2.5%
Equity multiple1.41x
Total return (10yr)$167,937
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $740,828 | $26,475 | -$20,700 | $569,161 | $171,666 |
| 2 | $763,052 | $27,394 | -$19,851 | $562,494 | $200,558 |
| 3 | $785,944 | $28,345 | -$18,972 | $555,369 | $230,575 |
| 4 | $809,522 | $29,327 | -$18,063 | $547,755 | $261,767 |
| 5 | $833,808 | $30,342 | -$17,124 | $539,618 | $294,190 |
| 6 | $858,822 | $31,391 | -$16,153 | $530,922 | $327,900 |
| 7 | $884,587 | $32,475 | -$15,148 | $521,629 | $362,958 |
| 8 | $911,124 | $33,594 | -$14,110 | $511,698 | $399,426 |
| 9 | $938,458 | $34,751 | -$13,036 | $501,085 | $437,373 |
| 10 | $966,612 | $35,947 | -$11,926 | $489,743 | $476,869 |
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.