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941 NE 119th St

Biscayne Park, FL 33161 · single_family · For Sale · 159 days on market
Asking price$3,500,000
4 beds 5 baths 3,727 sqft
Suggested offer$1,432,910$2,067,090 above the est. market value of $1,432,910.
View on Realtor.com →
Listed by Denise Rubin · Coldwell Banker Realty
Typesingle_family
Built2025
Price / sqft$939
Est. value (own analysis)$1,432,910
Rent estimate (own analysis)$13,000/mo
HOANone
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-03-28
Removed date—
MLSMiamiMLS #A11983550
Coordinates25.88532, -80.17923
Address941 NE 119th St
CityBiscayne Park
StateFL
Zip33161
Listing ID5771943523
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$3,500,000
Down payment (20.0%)$700,000
Loan amount$2,800,000
Closing costs (5.0%)$175,000
Total cash to close$875,000
Income
Rent (comp-derived)$13,000$156,000
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$156,000
Vacancy rate (assumption) assumption8.0%

$156,000 × 8.0% = $12,480

Effective gross income$11,960$143,520
Operating expenses
Property tax (placeholder 1.9% of price)$5,542$66,500
Insurance (placeholder 0.8% of price)$2,333$28,000
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$650$7,800
Total operating expenses$8,525$102,300
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$143,520
Total operating expenses derived$102,300

$143,520 − $102,300 = $41,220

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$2,800,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$2,800,000 amortized at 6.7% over 30 years = $17,994/mo

CapEx reserve (5.0% of GSR)$650$7,800
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$41,220
Annual debt service derived$215,923
Annual CapEx reserve assumption$7,800
Annual PMI assumption$0

($41,220 − $215,923 − $7,800 − $0) ÷ 12 = -$15,209

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$41,220
Purchase price data$3,500,000

$41,220 ÷ $3,500,000 = 1.2%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$182,503
Total cash to close derived$875,000

-$182,503 ÷ $875,000 = -20.9%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$41,220
Annual debt service derived$215,923

$41,220 ÷ $215,923 = 0.19

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$156,000
Purchase price data$3,500,000

($156,000 ÷ 12) ÷ $3,500,000 = 0.4%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$3,500,000
Gross scheduled rent (annual) comp$156,000

$3,500,000 ÷ $156,000 = 22.4

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$102,300
Effective gross income derived$143,520

$102,300 ÷ $143,520 = 71.3%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$102,300
Annual debt service derived$215,923
Annual PMI assumption$0
Gross scheduled rent (annual) comp$156,000

($102,300 + $215,923 + $0) ÷ $156,000 = 204.0%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family432,845$14,0002026-08-27—
single_family442,519$10,5002026-08-09—
single_family442,992$13,0002026-09-01—

315 NE 122nd St Unit 0

North Miami, 33161 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage2,845
Listed2026-08-27
Days on market—

Asking rent: $14,000

View on Zillow →

11770 Griffing Blvd Unit 0

Biscayne Park, 33161 · rent comp

Bedrooms / bathrooms4 bd / 4 ba
Square footage2,519
Listed2026-08-09
Days on market—

Asking rent: $10,500

View on Zillow →

12335 Griffing Blvd Unit 12335

North Miami, 33161 · rent comp

Bedrooms / bathrooms4 bd / 4 ba
Square footage2,992
Listed2026-09-01
Days on market—

Asking rent: $13,000

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
205 NE 123rd Stsingle_family432,601$1,000,0002026-08-28
11780 NE 8th Avesingle_family452,887$2,640,0002026-08-14
11410 NE 13th Avesingle_family421,679$420,0002026-08-14
649 NE 117th Stsingle_family443,465$4,150,0002026-08-12
980 NE 146th Stsingle_family421,565$550,0002026-07-29
1480 NE 150th Stsingle_family421,044$530,0002026-07-21
12630 NE Miami Plsingle_family432,360$830,0002026-07-21
13550 S Biscayne River Rdsingle_family421,932$1,140,0002026-07-17
270 NE 123rd Stsingle_family421,952$852,5002026-06-30
11412 NE 8th Avesingle_family453,123$2,737,5002026-06-17
11801 NE 11th Avesingle_family422,124$1,248,0002026-06-16
630 NE 143rd Stsingle_family432,115$710,0002026-06-08
476 NE 119th Stsingle_family432,356$1,675,0002026-06-05
13370 NE 5th Avesingle_family421,412$465,0002026-06-05
1321 NE 148th Stsingle_family431,818$639,0002026-05-21
465 NE 114th Stsingle_family422,178$905,0002026-05-18
971 NE 116th Stsingle_family442,348$1,450,0002026-05-14
219 NE 141st Stsingle_family421,386$720,0002026-05-06
14615 NE 5th Avesingle_family421,751$580,0002026-04-24
11143 NE 8th Avesingle_family453,918$3,625,0002026-04-21
520 NE 111th Stsingle_family431,714$500,0002026-04-10
14800 NE 16th Avesingle_family431,956$572,0002026-04-03
11636 NE 7th Avesingle_family463,354$3,000,0002026-04-03
15021 NE 11th Avesingle_family431,486$507,0002026-03-31
1265 NE 138th Stsingle_family422,006$513,5002026-03-12
1015 NE 119th Stsingle_family441,959$1,430,0002026-02-17
1585 NE 139th Stsingle_family432,368$670,0002026-01-30
1155 NE 110th Stsingle_family432,122$575,0002026-01-16
1320 NE 138th Stsingle_family442,261$830,0002026-01-07
10900 N Bayshore Drsingle_family442,894$1,500,0002025-12-23
235 NE 123rd Stsingle_family422,171$650,0002025-12-16
967 NE 117th Stsingle_family454,355$4,750,0002025-12-04
501 NE 112th Stsingle_family431,888$500,0002025-11-26

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
171 NE 117th Stmulti_family441,765$700,000—
10831 NE 2nd Ctmulti_family421,625$750,000—
1216-1218 NE 112th Stmulti_family441,810$975,000—
325 NE 108th Stmulti_family431,705$725,000—
11420 NE 4th Avesingle_family431,803$975,000—
10850 N Bayshore Drsingle_family46—$4,800,000—
1112 NE 111th Stmulti_family431,756$815,000—
134 NE 117th Stsingle_family43—$850,000—

10-year hold projection

IRR-4.0%
Equity multiple0.33x
Total return (10yr)-$126,897
YearProperty valueNOICash flowLoan balanceEquity
1$3,605,000$41,220-$182,503$2,769,642$835,358
2$3,713,150$42,968-$180,950$2,737,199$975,951
3$3,824,545$44,781-$179,336$2,702,528$1,122,016
4$3,939,281$46,662-$177,660$2,665,476$1,273,804
5$4,057,459$48,613-$175,919$2,625,880$1,431,579
6$4,179,183$50,636-$174,112$2,583,565$1,595,618
7$4,304,559$52,734-$172,234$2,538,344$1,766,214
8$4,433,695$54,909-$170,285$2,490,018$1,943,677
9$4,566,706$57,164-$168,262$2,438,373$2,128,333
10$4,703,707$59,502-$166,161$2,383,182$2,320,526
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.