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499 NE 64th St

Miami, FL 33138 · multi_family · For Sale · 17 days on market
Asking price$3,000,000
6 beds 6 baths 2,483 sqft
Suggested offer$491,472$2,508,528 above the est. market value of $491,472.
View on Realtor.com →
Listed by Lawrence Ligonde · Total Stop Inc
Typemulti_family
Built1932
Price / sqft$1208
Est. value (own analysis)$491,472
Rent estimate (building total, own analysis)$7,672/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood3/10moderate$Air2/10MinorWildfire1/10Minimal
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-08-17
Removed date—
MLSBeachesMLS #B26064965
Coordinates25.83521, -80.18647
Address499 NE 64th St
CityMiami
StateFL
Zip33138
Listing ID5912481096
Sourceus-real-estate-listings, cached 2026-08-30

ZIP market snapshot (33138)

Typical home value (ZHVI)$806,988
Typical rent (ZORI)$2,367/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$3,000,000
Down payment (20.0%)$600,000
Loan amount$2,400,000
Closing costs (5.0%)$150,000
Total cash to close$750,000
Income
Rent (estimate)$7,672$92,070
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$92,070
Vacancy rate (assumption) assumption8.0%

$92,070 × 8.0% = $7,366

Effective gross income$7,059$84,704
Operating expenses
Property tax (placeholder 1.9% of price)$4,750$57,000
Insurance (est. scaled by flood & wind risk)$3,200$38,400
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$384$4,603
Total operating expenses$8,334$100,003
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$84,704
Total operating expenses derived$100,003

$84,704 − $100,003 = -$15,299

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$2,400,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$2,400,000 amortized at 6.7% over 30 years = $15,423/mo

CapEx reserve (5.0% of GSR)$384$4,603
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-$15,299
Annual debt service derived$185,077
Annual CapEx reserve assumption$4,603
Annual PMI assumption$0

(-$15,299 − $185,077 − $4,603 − $0) ÷ 12 = -$17,082

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived-$15,299
Purchase price data$3,000,000

-$15,299 ÷ $3,000,000 = -0.5%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$204,979
Total cash to close derived$750,000

-$204,979 ÷ $750,000 = -27.3%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived-$15,299
Annual debt service derived$185,077

-$15,299 ÷ $185,077 = -0.08

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$92,070
Purchase price data$3,000,000

($92,070 ÷ 12) ÷ $3,000,000 = 0.3%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$3,000,000
Gross scheduled rent (annual) comp$92,070

$3,000,000 ÷ $92,070 = 32.6

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$100,003
Effective gross income derived$84,704

$100,003 ÷ $84,704 = 118.1%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$100,003
Annual debt service derived$185,077
Annual PMI assumption$0
Gross scheduled rent (annual) comp$92,070

($100,003 + $185,077 + $0) ÷ $92,070 = 309.6%

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
586 NE 62nd Stmulti_family622,250$1,300,0002026-08-06
567 NE 82nd Termulti_family664,095$750,0002026-04-14
140 NE 77th Stmulti_family622,324$460,0002025-12-15

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
650 NE 76th Stsingle_family653,107$2,799,000—
1110 NE 84th Stsingle_family67—$3,650,000—
7700 NE 1st Ctsingle_family621,211$615,000—
775 NE 77th Tersingle_family676,902$9,500,000—
7101 NE 10th Avesingle_family678,118$24,850,000—
7115 NE 10th Avesingle_family677,392$18,700,000—
7525 NE Miami Ctmulti_family6102,454$920,000—
169 NE 69th Stmulti_family66—$2,200,000—

10-year hold projection

IRR-8.3%
Equity multiple-0.41x
Total return (10yr)-$662,657
YearProperty valueNOICash flowLoan balanceEquity
1$3,090,000-$15,299-$204,979$2,373,979$716,021
2$3,182,700-$15,258-$205,054$2,346,170$836,530
3$3,278,181-$15,204-$205,117$2,316,452$961,729
4$3,376,526-$15,134-$205,168$2,284,694$1,091,833
5$3,477,822-$15,050-$205,208$2,250,754$1,227,068
6$3,582,157-$14,950-$205,235$2,214,484$1,367,673
7$3,689,622-$14,832-$205,248$2,175,723$1,513,899
8$3,800,310-$14,697-$205,246$2,134,300$1,666,010
9$3,914,320-$14,544-$205,229$2,090,033$1,824,287
10$4,031,749-$14,371-$205,197$2,042,726$1,989,023
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.