46 NE 43rd St
Miami, FL 33137 · single_family · For Sale · 12 days on market
Asking price$1,350,000
3 beds 2 baths 972 sqft
Suggested offer$844,063$505,937 above the est. market value of $844,063.
View on Realtor.com →Listed by Zarko Draskovic · London Foster Realty
Typesingle_family
Built1924
Price / sqft$1389
Est. value (own analysis)$844,063
Rent estimate (own analysis)$4,100/mo
HOANone
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Statusfor_sale
Listed date2026-08-21
Removed date—
MLSMiamiMLS #A12074556
Coordinates25.81532, -80.19457
Address46 NE 43rd St
CityMiami
StateFL
Zip33137
Listing ID6038824013
Sourceus-real-estate-listings, cached 2026-08-30
ZIP market snapshot (33137)
Typical home value (ZHVI)$682,165
Typical rent (ZORI)$3,560/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 | $1,350,000 |
| Down payment (20.0%) | $270,000 |
| Loan amount | $1,080,000 |
| Closing costs (5.0%) | $67,500 |
| Total cash to close | $337,500 |
| Income | |
| Rent (comp-derived) | $4,100$49,200 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,772$45,264 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,138$25,650 |
| Insurance (placeholder 0.8% of price) | $900$10,800 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $205$2,460 |
| Total operating expenses | $3,243$38,910 |
| 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) | $205$2,460 |
| 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 |
|---|---|---|---|---|---|---|---|
| single_family | 3 | 2 | 1,188 | $4,200 | 2026-08-17 | — | |
| single_family | 3 | 2 | 863 | $2,350 | 2026-06-11 | — | |
| single_family | 3 | 2 | 1,080 | $5,500 | 2025-05-29 | — | |
| single_family | 3 | 1 | 1,105 | $4,000 | 2025-04-15 | — | |
| single_family | 3 | 2 | 1,311 | $5,850 | — | — | |
| single_family | 3 | 2 | 849 | $3,500 | 2026-08-25 | — |
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 |
|---|---|---|---|---|---|---|
| 621 NE 56th St | single_family | 3 | 3 | 1,983 | $2,050,000 | 2026-07-20 |
| 12 NE 50th St | single_family | 3 | 2 | 1,808 | $1,100,000 | 2026-07-10 |
| 31 NE 46th St | single_family | 3 | 4 | 2,006 | $1,650,000 | 2026-07-06 |
| 615 NE 26th Ter | single_family | 3 | 3 | 2,315 | $43,131,000 | 2026-06-16 |
| 601 NE 26th Ter | single_family | 3 | 2 | 1,456 | $43,131,000 | 2026-06-16 |
| 5720 NE Miami Pl | single_family | 3 | 1 | 938 | $390,000 | 2026-06-12 |
| 5955 NE 5th Ave | single_family | 3 | 1 | 1,911 | $2,000,000 | 2026-06-05 |
| 261 NE 47th St | single_family | 3 | 1 | 1,677 | $1,715,000 | 2026-05-29 |
| 85 NE 46th St | single_family | 3 | 2 | 2,240 | $1,250,000 | 2026-05-28 |
| 70 NE 50th St | single_family | 3 | 2 | 2,140 | $1,275,000 | 2026-05-27 |
| 611 NE 52nd Ter | single_family | 3 | 2 | 2,070 | $1,747,500 | 2026-05-26 |
| 177 NE 47th St | single_family | 3 | 2 | 1,596 | $855,000 | 2026-05-25 |
| 5981 NE 6th Ave | single_family | 3 | 2 | 1,708 | $1,200,000 | 2026-05-19 |
| 5225 NE 5th Ave | single_family | 3 | 3 | 2,219 | $3,176,300 | 2026-05-13 |
| 261 NE 43rd St | single_family | 3 | 2 | 1,231 | $1,100,000 | 2026-04-22 |
| 201 NE 48th St | single_family | 3 | 2 | 1,700 | $1,450,000 | 2026-04-09 |
| 137 NE 46th St | single_family | 3 | 2 | 1,800 | $900,000 | 2026-04-06 |
| 677 NE 60th St | single_family | 3 | 3 | 1,285 | $1,335,000 | 2026-03-30 |
| 5917 NE 5th Ave | single_family | 3 | 1 | 1,666 | $1,300,000 | 2026-03-27 |
| 4250 Bay Point Rd | single_family | 3 | 2 | 1,967 | $3,325,000 | 2026-02-18 |
| 430 NE 52nd Ter | single_family | 3 | 2 | 1,862 | $1,460,000 | 2026-02-02 |
| 135 NE 43rd St | single_family | 3 | 1 | 1,333 | $900,000 | 2025-12-31 |
| 146 NE 47th St | single_family | 3 | 2 | 1,831 | $1,590,000 | 2025-12-12 |
| 600 NE 55th Ter | single_family | 3 | 4 | 2,726 | $2,600,000 | 2025-12-11 |
| 5954 NE 5th Ave | single_family | 3 | 2 | 2,613 | $1,850,000 | 2025-12-09 |
| 431 NE 52nd Ter | single_family | 3 | 2 | 1,939 | $1,840,000 | 2025-12-04 |
| 555 NE 52nd St | single_family | 3 | 2 | 2,065 | $1,920,000 | 2025-11-13 |
| 421 NE 53rd St | single_family | 3 | 2 | 1,420 | $1,310,000 | 2025-11-06 |
| 465 NE 52nd St | single_family | 3 | 2 | 1,555 | $1,657,500 | 2025-11-03 |
| 590 NE 52nd Ter | single_family | 3 | 2 | 1,997 | $2,391,000 | 2025-10-23 |
| 4391 Banyan Ln | single_family | 3 | 3 | 2,526 | $2,250,000 | 2025-10-08 |
| 231 NE 45th St | single_family | 3 | 2 | 1,538 | $1,200,000 | 2025-10-03 |
| 5928 NE 5th Ave | single_family | 3 | 2 | 1,808 | $600,000 | 2025-09-29 |
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 |
|---|---|---|---|---|---|---|
| 456 NE 29th St Unit 901 | condos | 3 | 4 | 2,304 | $2,300,000 | — |
| 2000 N Bayshore Dr Apt 702 | condos | 3 | 2 | 1,332 | $590,000 | — |
| 328 NE 57th St | single_family | 3 | 2 | 1,170 | $899,000 | — |
| 600 NE 27th St Ph 2 | condos | 3 | 5 | 2,572 | $2,550,000 | — |
| 700 NE 26th Ter Unit 2202 | condos | 3 | 4 | 2,141 | $2,740,000 | — |
| 788 NE 23rd St Unit 2102 | condos | 3 | 5 | 2,743 | $2,950,000 | — |
| 601 NE 23rd St Apt 1103 | condos | 3 | 2 | 1,320 | $579,000 | — |
| 601 NE 23rd St Apt 1505 | condos | 3 | 2 | 1,320 | $590,000 | — |
10-year hold projection
IRR-5.8%
Equity multiple0.03x
Total return (10yr)-$152,367
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,390,500 | $6,354 | -$79,390 | $1,068,290 | $322,210 |
| 2 | $1,432,215 | $6,739 | -$79,067 | $1,055,777 | $376,438 |
| 3 | $1,475,181 | $7,141 | -$78,728 | $1,042,404 | $432,778 |
| 4 | $1,519,437 | $7,559 | -$78,374 | $1,028,112 | $491,325 |
| 5 | $1,565,020 | $7,996 | -$78,004 | $1,012,840 | $552,180 |
| 6 | $1,611,971 | $8,450 | -$77,617 | $996,518 | $615,453 |
| 7 | $1,660,330 | $8,924 | -$77,213 | $979,076 | $681,254 |
| 8 | $1,710,140 | $9,417 | -$76,791 | $960,435 | $749,704 |
| 9 | $1,761,444 | $9,931 | -$76,351 | $940,515 | $820,929 |
| 10 | $1,814,287 | $10,466 | -$75,891 | $919,227 | $895,060 |
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.