229 NW 42nd St
Miami, FL 33127 · single_family · For Sale · 216 days on market
Asking price$2,690,000
5 beds 5 baths 2,780 sqft
Suggested offer$2,150,200$539,800 above the est. market value of $2,150,200.
View on Realtor.com →Listed by Yisroel Lome · Hudson Burnham Real Estate
Typesingle_family
Built2025
Price / sqft$968
Est. value (own analysis)$2,150,200
Rent estimate (own analysis)$9,950/mo
HOANone
1 / 38
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Statusfor_sale
Listed date2026-01-29
Removed date—
MLSMiamiMLS #A11954520
Coordinates25.81498, -80.20021
Address229 NW 42nd St
CityMiami
StateFL
Zip33127
Listing ID6051807082
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33127)
Typical home value (ZHVI)$528,160
Typical rent (ZORI)$2,975/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 | $2,690,000 |
| Down payment (20.0%) | $538,000 |
| Loan amount | $2,152,000 |
| Closing costs (5.0%) | $134,500 |
| Total cash to close | $672,500 |
| Income | |
| Rent (comp-derived) | $9,950$119,394 |
| Vacancy loss (8.0%) | |
| Effective gross income | $9,154$109,842 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $4,259$51,110 |
| Insurance (placeholder 0.8% of price) | $1,793$21,520 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $497$5,970 |
| Total operating expenses | $6,550$78,600 |
| 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) | $497$5,970 |
| 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 | 5 | 3 | 1,986 | $12,900 | 2026-08-20 | — | |
| single_family | 5 | 4 | 1,986 | $6,500 | 2026-07-08 | — | |
| single_family | 5 | 3 | 2,091 | $6,999 | 2026-05-11 | — | |
| single_family | 5 | 3 | 1,940 | $18,000 | 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 |
|---|---|---|---|---|---|---|
| 37 NW 47th Ter | single_family | 5 | 3 | 2,346 | $920,000 | 2026-05-15 |
| 4235 NW 1st Ave | single_family | 5 | 6 | 4,008 | $3,100,000 | 2026-05-07 |
| 660 NW 43rd St | single_family | 5 | 3 | 1,385 | $275,000 | 2026-03-06 |
| 121 NW 41st St | single_family | 5 | 2 | 2,266 | $2,000,000 | 2026-01-29 |
| 520 NW 41st St | single_family | 5 | 3 | 2,017 | $1,650,000 | 2026-01-29 |
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 |
|---|---|---|---|---|---|---|
| 760-762 NW 52nd St | multi_family | 5 | 2 | 1,513 | $685,000 | — |
| 4131 NW 11th Pl | single_family | 5 | 4 | 1,432 | $720,000 | — |
| 1143 NW 27th St | single_family | 5 | 4 | 2,128 | $650,000 | — |
| 3315 NW 11th Ave | single_family | 5 | 3 | 2,350 | $600,000 | — |
| 111 NW 53rd St | single_family | 5 | 3 | 1,578 | $1,169,000 | — |
| 121 NW 53rd St | single_family | 5 | 3 | 1,779 | $1,169,000 | — |
| 280 NW 47th St | single_family | 5 | 6 | 3,567 | $3,249,000 | — |
| 260 NW 47th St | single_family | 5 | 7 | 3,476 | $3,350,000 | — |
10-year hold projection
IRR-4.1%
Equity multiple0.33x
Total return (10yr)-$102,272
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $2,770,700 | $31,243 | -$140,679 | $2,128,668 | $642,032 |
| 2 | $2,853,821 | $32,573 | -$139,498 | $2,103,733 | $750,088 |
| 3 | $2,939,436 | $33,953 | -$138,271 | $2,077,086 | $862,350 |
| 4 | $3,027,619 | $35,385 | -$136,996 | $2,048,609 | $979,010 |
| 5 | $3,118,447 | $36,869 | -$135,672 | $2,018,177 | $1,100,271 |
| 6 | $3,212,001 | $38,409 | -$134,297 | $1,985,654 | $1,226,346 |
| 7 | $3,308,361 | $40,006 | -$132,869 | $1,950,899 | $1,357,462 |
| 8 | $3,407,612 | $41,662 | -$131,386 | $1,913,756 | $1,493,855 |
| 9 | $3,509,840 | $43,379 | -$129,846 | $1,874,064 | $1,635,776 |
| 10 | $3,615,135 | $45,159 | -$128,248 | $1,831,645 | $1,783,490 |
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.