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820 NE 111th St

Biscayne Park, FL 33161 · single_family · For Sale · 174 days on market
Asking price$5,516,000
6 beds 7 baths 4,500 sqft
Suggested offer$2,127,060$3,388,940 above the est. market value of $2,127,060.
View on Realtor.com →
Listed by Dora Puig · Luxe Living Realty
Typesingle_family
Built2026
Price / sqft$1226
Est. value (own analysis)$2,127,060
Rent estimate (Zillow ZIP avg)$2,323/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood6/10major$Air2/10MinorWildfire1/10Minimal
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-03-12
Removed date—
MLSMiamiMLS #A11980418
Coordinates25.87719, -80.18145
Address820 NE 111th St
CityBiscayne Park
StateFL
Zip33161
Listing ID5746900809
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$5,516,000
Down payment (20.0%)$1,103,200
Loan amount$4,412,800
Closing costs (5.0%)$275,800
Total cash to close$1,379,000
Income
Rent (ZIP avg, ZORI — not bedroom-specific)$2,323$27,870
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$27,870
Vacancy rate (assumption) assumption8.0%

$27,870 × 8.0% = $2,230

Effective gross income$2,137$25,641
Operating expenses
Property tax (placeholder 1.9% of price)$8,734$104,804
Insurance (est. scaled by flood & wind risk)$6,435$77,224
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$116$1,394
Total operating expenses$15,285$183,422
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$25,641
Total operating expenses derived$183,422

$25,641 − $183,422 = -$157,781

Debt service & reserves
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$4,412,800
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$4,412,800 amortized at 6.7% over 30 years = $28,358/mo

CapEx reserve (5.0% of GSR)$116$1,394
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-$157,781
Annual debt service derived$340,294
Annual CapEx reserve assumption$1,394
Annual PMI assumption$0

(-$157,781 − $340,294 − $1,394 − $0) ÷ 12 = -$41,622

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived-$157,781
Purchase price data$5,516,000

-$157,781 ÷ $5,516,000 = -2.9%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$499,468
Total cash to close derived$1,379,000

-$499,468 ÷ $1,379,000 = -36.2%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived-$157,781
Annual debt service derived$340,294

-$157,781 ÷ $340,294 = -0.46

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$27,870
Purchase price data$5,516,000

($27,870 ÷ 12) ÷ $5,516,000 = 0.0%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$5,516,000
Gross scheduled rent (annual) comp$27,870

$5,516,000 ÷ $27,870 = 197.9

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$183,422
Effective gross income derived$25,641

$183,422 ÷ $25,641 = 715.3%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$183,422
Annual debt service derived$340,294
Annual PMI assumption$0
Gross scheduled rent (annual) comp$27,870

($183,422 + $340,294 + $0) ÷ $27,870 = 1879.1%

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
101 NE 110th Stsingle_family321,691$1,115,0002026-08-31
1390 NE 129th Stsingle_family221,290$460,0002026-08-31
1390 NE 150th Stsingle_family32900$510,0002026-08-28
11534 NE 13th Avesingle_family321,662$700,0002026-08-28
205 NE 123rd Stsingle_family432,601$1,000,0002026-08-28
190 NE 121st Tersingle_family321,872$540,0002026-08-27
50 NE 110th Stsingle_family321,822$1,240,0002026-08-26
351 NE 117th Stsingle_family321,371$750,0002026-08-26
1075 NE 120th Stsingle_family31816$907,0002026-08-26
870 NE 144th Stsingle_family321,282$550,0002026-08-17
101 NE 107th Stsingle_family211,253$975,0002026-08-14
11780 NE 8th Avesingle_family452,887$2,640,0002026-08-14
11410 NE 13th Avesingle_family421,679$420,0002026-08-14
700 NE 118th Stsingle_family321,800$800,0002026-08-13
730 NE 116th Stsingle_family342,789$1,399,0002026-08-13
649 NE 117th Stsingle_family443,465$4,150,0002026-08-12
1008 NE 114th Stsingle_family21992$4,500,0002026-08-11
12660 Griffing Blvdsingle_family321,954$870,0002026-08-11
1335 NE 133rd Stsingle_family311,387$710,0002026-08-06
1315 NE 130th Stsingle_family211,330$619,9002026-08-06
842 NE 117th Stsingle_family321,668$712,5002026-08-06
11402 NE 8th Ctsingle_family0—2,912$1,025,0002026-08-05
560 NE 110th Tersingle_family331,490$695,0002026-08-05
980 NE 146th Stsingle_family421,565$550,0002026-07-29
286 NE 107th Stsingle_family322,030$1,080,0002026-07-28
14 NE 108th Stsingle_family221,519$895,0002026-07-27
1080 NE 145th Stsingle_family311,330$530,0002026-07-27
936 NE 128th Stsingle_family221,623$975,0002026-07-24
1100 NE 129th Stsingle_family322,050$440,0002026-07-24
14950 NE 2nd Avesingle_family531,991$750,0002026-07-24
73 NE 110th Stsingle_family221,588$820,0002026-07-22
1480 NE 150th Stsingle_family421,044$530,0002026-07-21
12630 NE Miami Plsingle_family432,360$830,0002026-07-21
955 NE 128th Stsingle_family311,421$620,0002026-07-20
895 NE 129th Stsingle_family311,245$655,0002026-07-20
13550 S Biscayne River Rdsingle_family421,932$1,140,0002026-07-17
665 NE 117th Stsingle_family322,460$1,225,0002026-07-15
1240 NE 131st Stsingle_family321,431$557,0002026-07-15
2 NE 110th Stsingle_family322,056$920,0002026-07-15
725 NE 144th Stsingle_family322,182$630,0002026-07-13
1375 NE 130th Stsingle_family321,138$545,0002026-07-10
120 NE 123rd Stsingle_family321,633$575,0002026-07-09
530 NE 132nd Tersingle_family221,086$376,0002026-07-08
10821 NE 5th Avesingle_family211,032$550,0002026-07-07
11932 NE 8th Avesingle_family221,491$1,245,0002026-07-06
470 NE 110th Stsingle_family211,192$690,0002026-07-06
270 NE 123rd Stsingle_family421,952$852,5002026-06-30
269 NE 110th Tersingle_family321,452$540,0002026-06-30
11400 NE 9th Avesingle_family321,761$1,010,0002026-06-29
1110 NE 130th Stsingle_family321,369$722,0002026-06-26

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
335 NE 114th Stmulti_family641,881$850,000—
437 NE 107th Stsingle_family642,360$1,150,000—
13980 NE 2nd Ctmulti_family66905$1,100,000—
259 NE 111th Stmulti_family641,762$679,000—
14760 S Spur Drsingle_family631,970$899,849—
1563 NE 148th Stmulti_family642,670$660,000—
11515 NE 12th Avemulti_family622,331$880,000—
14801-03 NE 7th Avemulti_family642,356$680,000—

10-year hold projection

IRR-14.0%
Equity multiple-1.43x
Total return (10yr)-$2,625,601
YearProperty valueNOICash flowLoan balanceEquity
1$5,681,480-$157,781-$499,468$4,364,955$1,316,525
2$5,851,924-$161,597-$503,319$4,313,825$1,538,099
3$6,027,482-$165,505-$507,263$4,259,184$1,768,298
4$6,208,307-$169,506-$511,301$4,200,791$2,007,516
5$6,394,556-$173,604-$515,436$4,138,387$2,256,169
6$6,586,392-$177,800-$519,671$4,071,698$2,514,694
7$6,783,984-$182,096-$524,006$4,000,430$2,783,554
8$6,987,504-$186,496-$528,446$3,924,268$3,063,236
9$7,197,129-$191,000-$532,992$3,842,875$3,354,254
10$7,413,043-$195,613-$537,647$3,755,893$3,657,150
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.