1565 NW 47th St
Miami, FL 33142 · multi_family · For Sale · 106 days on market
Asking price$995,000
8 beds 4 baths 2,245 sqft
Suggested offer$542,414$452,586 above the est. market value of $542,414.
View on Realtor.com →Listed by Ezequiel Baredes · Bm2 Realty
Typemulti_family
Built2019
Price / sqft$443
Est. value (own analysis)$542,414
Rent estimate (building total, own analysis)$5,635/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeAir2/10MinorFlood1/10minimal$Wildfire1/10Minimal
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Statusfor_sale
Listed date2026-05-19
Removed date—
MLSMiamiMLS #A12021879
Coordinates25.81821, -80.22320
Address1565 NW 47th St
CityMiami
StateFL
Zip33142
Listing ID5802725005
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33142)
Typical home value (ZHVI)$430,103
Typical rent (ZORI)$2,350/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 | $995,000 |
| Down payment (20.0%) | $199,000 |
| Loan amount | $796,000 |
| Closing costs (5.0%) | $49,750 |
| Total cash to close | $248,750 |
| Income | |
| Rent (estimate) | $5,635$67,619 |
| Vacancy loss (8.0%) | |
| Effective gross income | $5,184$62,210 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,575$18,905 |
| Insurance (est. scaled by flood & wind risk) | $995$11,940 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $282$3,381 |
| Total operating expenses | $2,852$34,226 |
| 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) | $282$3,381 |
| 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.
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.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 4024 NW 23rd Ct | multi_family | 8 | 6 | 3,720 | $800,000 | 2026-02-09 |
| 2515 NW 52nd St Apt 1 | multi_family | 8 | 4 | 3,151 | $845,000 | 2025-12-19 |
| 1202 NW 61st St Apt 4 | multi_family | 8 | 4 | 3,824 | $731,250 | 2025-12-16 |
| 1920 NW 29th St | multi_family | 8 | 8 | 4,490 | $5,375,000 | 2025-12-03 |
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 |
|---|---|---|---|---|---|---|
| 1629 NW 40th St | multi_family | 8 | 6 | — | $969,900 | — |
| 1627 NW 40th St | single_family | 8 | 6 | — | $969,900 | — |
| 3527 NW 34th St | multi_family | 8 | 4 | 1,818 | $770,000 | — |
| 1286 NW 59th St | multi_family | 8 | 4 | 3,596 | $1,080,000 | — |
| 2835 NW 22nd Ave | multi_family | 8 | 4 | 4,421 | $1,149,000 | — |
| 3165 NW 61st St | multi_family | 8 | 6 | 2,894 | $950,000 | — |
| 2986 NW 26th St | multi_family | 8 | 6 | 3,768 | $1,200,000 | — |
| 1220 and 1222 NW 30th St | multi_family | 8 | 4 | 3,456 | $1,450,000 | — |
10-year hold projection
IRR0.2%
Equity multiple1.04x
Total return (10yr)$138,697
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,024,850 | $27,984 | -$36,781 | $787,370 | $237,480 |
| 2 | $1,055,596 | $28,995 | -$35,855 | $778,147 | $277,449 |
| 3 | $1,087,263 | $30,040 | -$34,896 | $768,290 | $318,973 |
| 4 | $1,119,881 | $31,121 | -$33,904 | $757,757 | $362,124 |
| 5 | $1,153,478 | $32,239 | -$32,877 | $746,500 | $406,977 |
| 6 | $1,188,082 | $33,395 | -$31,814 | $734,471 | $453,611 |
| 7 | $1,223,725 | $34,590 | -$30,714 | $721,615 | $502,110 |
| 8 | $1,260,436 | $35,826 | -$29,576 | $707,876 | $552,560 |
| 9 | $1,298,249 | $37,105 | -$28,399 | $693,195 | $605,055 |
| 10 | $1,337,197 | $38,426 | -$27,180 | $677,504 | $659,692 |
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.