111 NW 64th St

Miami, FL 33150 · single_family · Pending — under contract · 64 days on market
Asking price$480,000
2 beds 1 baths 1,364 sqft
View on Realtor.com →
Listed by Jean Wallace · National Group Realty
Typesingle_family
Built1939
Price / sqft$352
Est. value (own analysis)$564,396
Rent estimate (own analysis)$2,475/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood3/10moderate$Air2/10MinorWildfire1/10Minimal
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Neighborhood

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Statusfor_sale
Listed date2026-06-30
Removed date
MLSMiamiMLS #A12043635
Coordinates25.83465, -80.19835
Address111 NW 64th St
CityMiami
StateFL
Zip33150
Listing ID5765653282
Sourceus-real-estate-listings, cached 2026-08-31

ZIP market snapshot (33150)

Typical home value (ZHVI)$453,432
Typical rent (ZORI)$2,416/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$480,000
Down payment (20.0%)$96,000
Loan amount$384,000
Closing costs (5.0%)$24,000
Total cash to close$120,000
Rent (comp-derived)$2,475$29,700
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$29,700
Vacancy rate (assumption) assumption8.0%

$29,700 × 8.0% = $2,376

Effective gross income$2,277$27,324
Property tax (placeholder 1.9% of price)$760$9,120
Insurance (est. scaled by flood & wind risk)$512$6,144
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$124$1,485
Total operating expenses$1,396$16,749
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$27,324
Total operating expenses derived$16,749

$27,324 − $16,749 = $10,575

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$384,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$384,000 amortized at 6.7% over 30 years = $2,468/mo

CapEx reserve (5.0% of GSR)$124$1,485
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$10,575
Annual debt service derived$29,612
Annual CapEx reserve assumption$1,485
Annual PMI assumption$0

($10,575 − $29,612 − $1,485 − $0) ÷ 12 = -$1,710

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$10,575
Purchase price data$480,000

$10,575 ÷ $480,000 = 2.2%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$20,522
Total cash to close derived$120,000

-$20,522 ÷ $120,000 = -17.1%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$10,575
Annual debt service derived$29,612

$10,575 ÷ $29,612 = 0.36

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$29,700
Purchase price data$480,000

($29,700 ÷ 12) ÷ $480,000 = 0.5%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$480,000
Gross scheduled rent (annual) comp$29,700

$480,000 ÷ $29,700 = 16.2

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$16,749
Effective gross income derived$27,324

$16,749 ÷ $27,324 = 61.3%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$16,749
Annual debt service derived$29,612
Annual PMI assumption$0
Gross scheduled rent (annual) comp$29,700

($16,749 + $29,612 + $0) ÷ $29,700 = 156.1%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family211,682$2,6502026-07-21
single_family221,555$3,6002026-07-11
single_family211,163$2,0002026-07-08
single_family211,486$2,5502026-07-02
single_family221,346$2,4002026-06-23
single_family21900$1,7002026-06-23
single_family211,147$4,2002026-05-17
single_family21980$1,9502026-08-04
single_family21998$2,8002026-08-02
single_family211,001$1,9992026-03-16

7800 N Miami Ave

Miami, 33150 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage1,682
Listed2026-07-21
Days on market

Asking rent: $2,650

View on Zillow →

130 NW 85th St

Miami, 33150 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,555
Listed2026-07-11
Days on market

Asking rent: $3,600

View on Zillow →

755 NW 84th St

Miami, 33150 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage1,163
Listed2026-07-08
Days on market

Asking rent: $2,000

View on Zillow →

432 NW 103rd St Unit 1

Miami, 33150 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage1,486
Listed2026-07-02
Days on market

Asking rent: $2,550

View on Zillow →

7675 NW 3rd Ave Unit 1

Miami, 33150 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,346
Listed2026-06-23
Days on market

Asking rent: $2,400

View on Zillow →

10085 NW 7th Ct

Miami, 33150 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage900
Listed2026-06-23
Days on market

Asking rent: $1,700

View on Zillow →

53 NW 68th St Unit 0

Miami, 33150 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage1,147
Listed2026-05-17
Days on market

Asking rent: $4,200

View on Zillow →

277 NW 81st St

West Little River, 33150 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage980
Listed2026-08-04
Days on market

Asking rent: $1,950

View on Zillow →

135 NW 68th St

Miami, 33150 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage998
Listed2026-08-02
Days on market

Asking rent: $2,800

View on Zillow →

75 NW 84th St

Miami, 33150 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage1,001
Listed2026-03-16
Days on market

Asking rent: $1,999

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
9025 NW 9th Ctsingle_family21958$300,0002026-08-18
560 NW 97th Stsingle_family21850$405,0002026-08-07
9100 N Miami Avesingle_family211,367$623,4382026-08-04
9760 NW 8th Avesingle_family211,224$230,0002026-08-04
8012 NW 10th Ctsingle_family211,014$469,0002026-08-03
768 NW 65th Stsingle_family21994$315,0002026-07-31
432 NW 103rd Stsingle_family211,046$565,0002026-07-20
579 NW 102nd Stsingle_family211,052$435,0002026-07-13
783 NW 98th Stsingle_family211,538$460,0002026-07-08
513 NW 99th Stsingle_family21884$420,0002026-07-02
274 NW 92nd Stsingle_family211,373$799,0002026-07-01
743 NW 77th Tersingle_family211,023$493,0002026-06-01
545 NW 77th Stsingle_family21955$375,0002026-05-27
7740 NW 9th Avesingle_family211,354$395,0002026-05-22
935 NW 75th Stsingle_family211,134$240,0002026-05-15
180 NW 69th Stsingle_family211,178$550,0002026-05-13
289 NW 92nd Stsingle_family211,326$885,0002026-05-12
8980 NW 5th Avesingle_family211,466$420,0002026-05-06
1083 NW 74th Stsingle_family211,062$335,0002026-05-01
6400 NW Miami Plsingle_family211,055$250,0002026-04-30
166 NW 100th Tersingle_family211,327$850,0002026-04-17
9301 NW 2nd Plsingle_family211,037$889,0002026-03-31
1043 NW 75th Stsingle_family21775$325,0002026-03-18
751 NW 64th Stsingle_family211,021$247,6482026-03-12
125 NW 100th Tersingle_family221,415$876,0002026-03-03
20 NW 93rd Stsingle_family211,225$880,0002026-02-25
247 NW 97th Stsingle_family21780$321,0002026-02-20
273 NW 92nd Stsingle_family211,056$730,0002026-02-17
761 NW 74th Stsingle_family211,374$395,0002026-02-06
8721 N Miami Avesingle_family221,263$490,0002026-02-06
524 NW 88th Stsingle_family21960$515,0002026-01-26
9674 NW 10th Ave Lot H830single_family21672$1,0002026-01-22
45 NW 96th Stsingle_family221,928$1,610,0002025-12-22
68 NW 97th Stsingle_family211,192$1,100,0002025-12-02
427 NW 82nd Tersingle_family211,280$530,0002025-11-21
150 NW 68th Stsingle_family211,058$260,0002025-11-18
401 NW 104th Stsingle_family211,486$240,0002025-11-04
627 NW 69th Stsingle_family211,668$245,0002025-10-01
29 NW 96th Stsingle_family211,396$1,190,0002025-09-26
527 NW 97th Stsingle_family21760$250,0002025-09-25
118 NW 100th Tersingle_family221,065$740,0002025-09-18
10633 NW 6th Avesingle_family211,295$350,0002025-09-12

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
1059 NW 77th Stsingle_family22822$435,000
6545 NW 6th Avesingle_family21650$535,000
743 NW 63rd Stsingle_family211,677$399,000
180 NW 67th Stsingle_family211,001$499,000
436 NW 84th Ter Unit 436townhomes21930$165,000
545 NW 81st Stmulti_family221,692$499,900
265 NW 80th Stsingle_family21858$230,000
single_family211,182$520,000

10-year hold projection

IRR-1.4%
Equity multiple0.77x
Total return (10yr)$35,078
YearProperty valueNOICash flowLoan balanceEquity
1$494,400$10,575-$20,522$379,837$114,563
2$509,232$10,976-$20,158$375,387$133,845
3$524,509$11,391-$19,781$370,632$153,877
4$540,244$11,821-$19,391$365,551$174,693
5$556,452$12,266-$18,986$360,121$196,331
6$573,145$12,726-$18,566$354,317$218,828
7$590,339$13,203-$18,132$348,115$242,224
8$608,050$13,696-$17,682$341,488$266,562
9$626,291$14,206-$17,215$334,405$291,886
10$645,080$14,734-$16,732$326,836$318,244
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.