1610 NW North River Dr Apt 201
Miami, FL 33125 · condos · For Sale · 50 days on market
Asking price$240,000
2 beds 1 baths 540 sqft
Listed by Alex Rojas · The Lab Realty Group, llc
Typecondos
Built1964
Price / sqft$444
Est. value (Zillow ZIP avg)$466,681
Rent estimate (own analysis)$2,000/mo
HOA$400/mo
1 / 23
Show every detail
Statusfor_sale
Listed date2026-07-15
Removed date—
MLSMiamiMLS #A12051526
Coordinates25.78599, -80.22192
Address1610 NW North River Dr Apt 201
CityMiami
StateFL
Zip33125
Listing ID5774830273
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33125)
Typical home value (ZHVI)$466,681
Typical rent (ZORI)$2,360/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 | $240,000 |
| Down payment (20.0%) | $48,000 |
| Loan amount | $192,000 |
| Closing costs (5.0%) | $12,000 |
| Total cash to close | $60,000 |
| Income | |
| Rent (comp-derived) | $2,000$24,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,840$22,080 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $380$4,560 |
| Insurance (placeholder 0.8% of price) | $160$1,920 |
| HOA dues | $400$4,800 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $100$1,200 |
| Total operating expenses | $1,040$12,480 |
| 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) | $100$1,200 |
| 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.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| apartment | 2 | 1 | 700 | $2,000 | 2026-08-21 | — | |
| condos | 2 | 1 | 619 | $2,100 | 2026-08-17 | — | |
| apartment | 2 | 1 | 671 | $1,900 | 2026-03-17 | — | |
| condos | 2 | 1 | 650 | $2,100 | 2026-08-14 | — | |
| apartment | 2 | 1 | 700 | $2,000 | 2026-08-12 | — | |
| apartment | 2 | 1 | 650 | $1,900 | 2026-08-10 | — | |
| condos | 2 | 1 | 634 | $2,000 | 2026-08-05 | — | |
| condos | 2 | 1 | 603 | $1,725 | 2026-07-27 | — | |
| apartment | 2 | 1 | 540 | $1,800 | 2026-07-17 | — | |
| apartment | 2 | 1 | 700 | $2,250 | 2026-07-13 | — | |
| apartment | 2 | 1 | 600 | $2,300 | 2026-06-28 | — | |
| condos | 2 | 1 | 580 | $1,800 | 2026-06-25 | — | |
| apartment | 2 | 1 | 650 | $2,350 | 2026-05-12 | — | |
| condos | 2 | 1 | 600 | $2,100 | 2026-05-12 | — | |
| condos | 2 | 1 | 619 | $1,750 | 2026-07-30 | — | |
| condos | 2 | 1 | 648 | $1,900 | 2026-04-26 | — | |
| condos | 2 | 1 | 600 | $2,100 | 2026-03-16 | — | |
| apartment | 2 | 1 | 620 | $1,800 | 2026-04-06 | — | |
| apartment | 2 | 1 | 600 | $2,350 | — | — | |
| apartment | 2 | 1 | 710 | $2,536 | — | — | |
| apartment | 2 | 1 | 710 | $2,617 | — | — | |
| condos | 2 | 1 | 660 | $2,000 | 2026-09-02 | — | |
| apartment | 2 | 1 | 450 | $2,450 | 2026-09-01 | — |
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.
No recent recorded sales cached yet for this ZIP.
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.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 1871 NW S River Dr Unit A03 | condos | 2 | 2 | 1,026 | $340,000 | — |
| 1236 NW 5th St | single_family | 2 | 1 | 930 | $1,050,000 | — |
| 1861 NW S River Dr Unit 1003 | condos | 2 | 2 | 935 | $368,000 | — |
| 3151 NW Flagler Ter | single_family | 2 | 1 | 1,122 | $625,000 | — |
| 3640 NW 9th St Apt 201 | condos | 2 | 1 | 748 | $260,000 | — |
| 1800 NW 19th St Apt 2 | condos | 2 | 1 | 650 | $199,999 | — |
| single_family | 2 | 1 | 828 | $525,000 | — | |
| 1861 NW S River Dr Unit 1404 | condos | 2 | 2 | 948 | $399,999 | — |
10-year hold projection
IRR3.3%
Equity multiple1.53x
Total return (10yr)$62,921
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $247,200 | $9,600 | -$6,406 | $189,918 | $57,282 |
| 2 | $254,616 | $9,950 | -$6,086 | $187,694 | $66,922 |
| 3 | $262,254 | $10,313 | -$5,754 | $185,316 | $76,938 |
| 4 | $270,122 | $10,688 | -$5,411 | $182,776 | $87,346 |
| 5 | $278,226 | $11,076 | -$5,055 | $180,061 | $98,165 |
| 6 | $286,573 | $11,477 | -$4,687 | $177,159 | $109,413 |
| 7 | $295,170 | $11,892 | -$4,306 | $174,058 | $121,111 |
| 8 | $304,025 | $12,321 | -$3,912 | $170,745 | $133,280 |
| 9 | $313,146 | $12,765 | -$3,504 | $167,203 | $145,942 |
| 10 | $322,540 | $13,224 | -$3,081 | $163,419 | $159,121 |
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.