571 NE 67th St
Miami, FL 33138 · multi_family · For Sale · 135 days on market
Asking price$1,549,000
4 beds 5 baths 2,262 sqft
Suggested offer$788,149$760,851 above the est. market value of $788,149.
View on Realtor.com →Listed by Adriana Molina · Ganesha Realty, Inc.
Typemulti_family
Built1957
Price / sqft$685
Est. value (own analysis)$788,149
Rent estimate (building total, own analysis)$6,990/mo
HOANone
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Statusfor_sale
Listed date2026-04-20
Removed date—
MLSMiamiMLS #A12003041
Coordinates25.83760, -80.18488
Address571 NE 67th St
CityMiami
StateFL
Zip33138
Listing ID5998267295
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 | $1,549,000 |
| Down payment (20.0%) | $309,800 |
| Loan amount | $1,239,200 |
| Closing costs (5.0%) | $77,450 |
| Total cash to close | $387,250 |
| Income | |
| Rent (estimate) | $6,990$83,875 |
| Vacancy loss (8.0%) | |
| Effective gross income | $6,430$77,165 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,453$29,431 |
| Insurance (placeholder 0.8% of price) | $1,033$12,392 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $349$4,194 |
| Total operating expenses | $3,835$46,017 |
| 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) | $349$4,194 |
| 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 |
|---|---|---|---|---|---|---|---|
| multi_family | 4 | 2 | 1,686 | $3,400 | 2026-08-24 | — |
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 |
|---|---|---|---|---|---|---|
| 747 NE 72nd St | multi_family | 4 | 2 | 1,535 | $1,100,000 | 2026-06-24 |
| 6820 NE 5th Ave | multi_family | 4 | 4 | 2,350 | $965,500 | 2026-06-15 |
| 813 NE 81st St | multi_family | 4 | 2 | 3,123 | $1,150,000 | 2026-04-10 |
| 440 NE 71st St | multi_family | 4 | 2 | 2,016 | $662,500 | 2026-03-02 |
| 7530 NE 3rd Ave | multi_family | 4 | 2 | 1,448 | $430,000 | 2025-12-17 |
| 524 NE 71st St | multi_family | 4 | 2 | 2,150 | $690,000 | 2025-11-18 |
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 |
|---|---|---|---|---|---|---|
| 1085 NE 84th St | single_family | 4 | 3 | 1,925 | $1,299,000 | — |
| 670 NE 87th St | multi_family | 4 | 2 | 1,584 | $850,000 | — |
| 685 NE 81st St | single_family | 4 | 3 | 3,129 | $2,850,000 | — |
| 533-535 NE 67th St | multi_family | 4 | 4 | 1,000 | $1,059,000 | — |
| 776 NE 74th St | single_family | 4 | 4 | 1,834 | $1,950,000 | — |
| 420 NE 62nd St Unit B | condos | 4 | 5 | 2,786 | $1,850,000 | — |
| 420 NE 62nd St Unit A | townhomes | 4 | 5 | 2,786 | $1,850,000 | — |
| 910 NE 81st St | single_family | 4 | 3 | 1,808 | $1,480,000 | — |
10-year hold projection
IRR-1.9%
Equity multiple0.69x
Total return (10yr)$83,669
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,595,470 | $31,148 | -$68,607 | $1,225,764 | $369,706 |
| 2 | $1,643,334 | $32,313 | -$67,547 | $1,211,406 | $431,928 |
| 3 | $1,692,634 | $33,518 | -$66,449 | $1,196,062 | $496,572 |
| 4 | $1,743,413 | $34,765 | -$65,312 | $1,179,664 | $563,749 |
| 5 | $1,795,716 | $36,056 | -$64,134 | $1,162,140 | $633,576 |
| 6 | $1,849,587 | $37,392 | -$62,914 | $1,143,412 | $706,175 |
| 7 | $1,905,075 | $38,774 | -$61,651 | $1,123,399 | $781,676 |
| 8 | $1,962,227 | $40,204 | -$60,343 | $1,102,011 | $860,216 |
| 9 | $2,021,094 | $41,683 | -$58,988 | $1,079,154 | $941,939 |
| 10 | $2,081,726 | $43,214 | -$57,584 | $1,054,728 | $1,026,998 |
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.