12040 N Miami Ave
North Miami, FL 33168 · single_family · For Sale · 219 days on market
Asking price$855,000
5 beds 4 baths 1,979 sqft
Suggested offer$737,197$117,803 above the est. market value of $737,197.
View on Realtor.com →Listed by Frantz Richard Désir · The Moreno Property Group, LLC.
Typesingle_family
Built1950
Price / sqft$432
Est. value (own analysis)$737,197
Rent estimate (own analysis)$4,500/mo
HOANone
1 / 11
Show every detail
Statusfor_sale
Listed date2026-01-26
Removed date—
MLSMiamiMLS #A11952878
Coordinates25.88590, -80.19879
Address12040 N Miami Ave
CityNorth Miami
StateFL
Zip33168
Listing ID5980532375
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33168)
Typical home value (ZHVI)$465,034
Typical rent (ZORI)$2,539/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 | $855,000 |
| Down payment (20.0%) | $171,000 |
| Loan amount | $684,000 |
| Closing costs (5.0%) | $42,750 |
| Total cash to close | $213,750 |
| Income | |
| Rent (comp-derived) | $4,500$54,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $4,140$49,680 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,354$16,245 |
| Insurance (placeholder 0.8% of price) | $570$6,840 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $225$2,700 |
| Total operating expenses | $2,149$25,785 |
| 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) | $225$2,700 |
| 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
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| single_family | 5 | 2 | 1,519 | $5,000 | 2025-09-13 | — | |
| single_family | 5 | 2 | 1,600 | $4,000 | 2026-08-14 | — | |
| single_family | 5 | 3 | 1,525 | $3,700 | 2026-07-02 | — | |
| single_family | 5 | 4 | 1,979 | $6,000 | 2026-05-04 | — |
Widened to any bedroom count in ZIP. 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 |
|---|---|---|---|---|---|---|
| 12210 NW 10th Ave | single_family | 3 | 2 | 1,415 | $525,000 | 2026-08-28 |
| 5948111005 | single_family | 3 | 2 | 1,016 | $290,000 | 2026-08-27 |
| 839 NW 116th St | single_family | 2 | 1 | 780 | $415,000 | 2026-08-26 |
| 181 NW 110th St | single_family | 4 | 2 | 1,887 | $835,000 | 2026-08-25 |
| 801 Opa Locka Blvd | single_family | 3 | 1 | 1,215 | $465,000 | 2026-08-18 |
| 770 NW 148th Ter | single_family | 2 | 1 | 1,096 | $368,000 | 2026-08-18 |
| 14920 NW 12th Ave | single_family | 4 | 3 | 1,930 | $440,000 | 2026-08-17 |
| 380 NW 128th St | single_family | 2 | 1 | 890 | $280,000 | 2026-08-14 |
| 500 NW 120th St | single_family | 3 | 2 | 1,664 | $325,000 | 2026-08-14 |
| 12805 NW 6th Ave | single_family | 4 | 2 | 1,445 | $570,000 | 2026-08-13 |
| 14601 NW 10th Ave | single_family | 4 | 2 | 1,679 | $570,000 | 2026-08-13 |
| 5928956311 | single_family | 2 | 1 | 825 | $385,000 | 2026-08-12 |
| 420 NW 145th St | single_family | 2 | 1 | 1,641 | $600,000 | 2026-08-12 |
| 65 NW 107th St | single_family | 3 | 2 | 2,140 | $1,230,000 | 2026-08-12 |
| 440 NW 125th St | single_family | 3 | 3 | 2,447 | $700,000 | 2026-08-11 |
| 850 NW 113th St | single_family | 3 | 1 | 1,206 | $500,000 | 2026-08-11 |
| 491 NW 108th Ter | single_family | 3 | 2 | 1,326 | $522,500 | 2026-08-10 |
| 12625 NW 1st Ct | single_family | 4 | 2 | 1,521 | $360,000 | 2026-08-10 |
| 310 NW 127th St | single_family | 2 | 1 | 830 | $309,000 | 2026-08-07 |
| 14150 NW 1st Ave | single_family | 5 | 4 | 2,634 | $1,250,000 | 2026-08-06 |
| 125 NW 122nd St | single_family | 3 | 1 | 985 | $650,000 | 2026-08-05 |
| 1135 NW 109th St | single_family | 2 | 2 | 1,352 | $385,000 | 2026-08-04 |
| 1160 NW 118th St | single_family | 3 | 1 | 1,513 | $440,000 | 2026-08-04 |
| 13840 NW 5th Ct | single_family | 4 | 2 | 1,590 | $589,000 | 2026-08-03 |
| 13550 NW 5th Ave | single_family | 3 | 2 | 2,420 | $675,000 | 2026-08-03 |
| 435 NW 127th St | single_family | 2 | 1 | 976 | $435,000 | 2026-07-31 |
| 13231 NW 1st Ave | single_family | 2 | 1 | 1,395 | $758,000 | 2026-07-31 |
| 11500 N Miami Ave | single_family | 4 | 2 | 2,130 | $635,000 | 2026-07-27 |
| 827 NW 114th St | single_family | 3 | 2 | 1,369 | $535,000 | 2026-07-24 |
| 1180 NW 117th St | single_family | 2 | 1 | 1,347 | $430,000 | 2026-07-24 |
| 13205 NW 11th Ave | single_family | 2 | 1 | 1,068 | $293,000 | 2026-07-24 |
| 1120 NW 143rd St | single_family | 3 | 2 | 1,395 | $315,000 | 2026-07-17 |
| 172 NW 116th St | single_family | 2 | 1 | 1,256 | $550,000 | 2026-07-16 |
| 75 NW 125th St | single_family | 3 | 2 | 1,064 | $539,000 | 2026-07-16 |
| 579 NW 119th St | single_family | 3 | 1 | 1,226 | $410,000 | 2026-07-14 |
| 126 NW 107th St | single_family | 2 | 1 | 1,314 | $1,060,000 | 2026-07-13 |
| 775 NW 142nd St | single_family | 2 | 1 | 775 | $415,000 | 2026-07-13 |
| 1030 NW 116th Ter | single_family | 2 | 1 | 701 | $380,000 | 2026-07-13 |
| 860 NW 115th St | single_family | 3 | 1 | 1,292 | $250,000 | 2026-07-12 |
| 12755 NW 1st Ave | single_family | 3 | 2 | 1,363 | $570,000 | 2026-07-09 |
| 600 NW 108th Ter | single_family | 3 | 2 | 1,181 | $525,000 | 2026-07-08 |
| 1030 NW 141st St | single_family | 2 | 1 | 720 | $415,000 | 2026-07-06 |
| 1090 NW 134th St | single_family | 2 | 1 | 1,100 | $410,000 | 2026-07-06 |
| 431 NW 116th St | single_family | 2 | 1 | 918 | $425,000 | 2026-07-06 |
| 13720 NW 4th Ct | single_family | 3 | 2 | 1,075 | $530,000 | 2026-07-02 |
| 79 NW 143rd St | single_family | 3 | 2 | 1,908 | $579,000 | 2026-07-02 |
| 13700 NW 8th Ave | single_family | 2 | 1 | 1,893 | $350,000 | 2026-07-02 |
| 1040 NW 140th St | single_family | 2 | 1 | 720 | $405,000 | 2026-07-01 |
| 13920 N Miami Ave | single_family | 5 | 4 | 3,901 | $1,250,000 | 2026-07-01 |
| 1000 NW 118th St | single_family | 2 | 1 | 1,092 | $390,000 | 2026-06-29 |
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 |
|---|---|---|---|---|---|---|
| 321 NW 145th St | single_family | 5 | 4 | 2,490 | $580,000 | — |
| 14324 Garden Dr | single_family | 5 | 3 | 2,489 | $1,195,000 | — |
| 10841 NW 8th Ave | multi_family | 5 | 3 | 2,010 | $599,001 | — |
| 1079 NW 112th Ter | multi_family | 5 | 4 | 1,456 | $624,999 | — |
10-year hold projection
IRR0.2%
Equity multiple1.03x
Total return (10yr)$118,801
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $880,650 | $23,895 | -$31,552 | $676,584 | $204,066 |
| 2 | $907,070 | $24,741 | -$30,774 | $668,659 | $238,411 |
| 3 | $934,282 | $25,615 | -$29,968 | $660,189 | $274,093 |
| 4 | $962,310 | $26,519 | -$29,135 | $651,138 | $311,172 |
| 5 | $991,179 | $27,453 | -$28,274 | $641,465 | $349,714 |
| 6 | $1,020,915 | $28,419 | -$27,382 | $631,128 | $389,787 |
| 7 | $1,051,542 | $29,418 | -$26,460 | $620,081 | $431,461 |
| 8 | $1,083,088 | $30,450 | -$25,506 | $608,275 | $474,813 |
| 9 | $1,115,581 | $31,517 | -$24,520 | $595,659 | $519,922 |
| 10 | $1,149,049 | $32,619 | -$23,500 | $582,177 | $566,872 |
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.