1053 NE 149th St
Miami, FL 33161 · single_family · For Sale · 173 days on market
Asking price$449,000
5 beds 5 baths 600 sqft
Suggested offer$226,017$222,983 above the est. market value of $226,017.
View on Realtor.com →Listed by Luis Apa · Nv Realty
Typesingle_family
Built1948
Price / sqft$748
Est. value (own analysis)$226,017
Rent estimate (own analysis)$10,625/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood6/10major$Air2/10MinorWildfire1/10Minimal
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⚠ Cap rate of 21.4% is above the 20% sanity ceiling — verify the underlying price, rent, and expense data before trusting this. Cash-on-cash return of 55.3% is above the 50% sanity ceiling for a standard buy-and-hold — verify inputs before trusting this.
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Statusfor_sale
Listed date2026-03-13
Removed date—
MLSMiamiMLS #A11982028
Coordinates25.91267, -80.17802
Address1053 NE 149th St
CityMiami
StateFL
Zip33161
Listing ID6120096479
Sourceus-real-estate-listings, cached 2026-09-01
ZIP market snapshot (33161)
Typical home value (ZHVI)$498,596
Typical rent (ZORI)$2,323/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 | $449,000 |
| Down payment (20.0%) | $89,800 |
| Loan amount | $359,200 |
| Closing costs (5.0%) | $22,450 |
| Total cash to close | $112,250 |
| Income | |
| Rent (comp-derived) | $10,625$127,500 |
| Vacancy loss (8.0%) | |
| Effective gross income | $9,775$117,300 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $711$8,531 |
| Insurance (est. scaled by flood & wind risk) | $524$6,286 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $531$6,375 |
| Total operating expenses | $1,766$21,192 |
| 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) | $531$6,375 |
| 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 | 4,305 | $7,000 | 2026-06-04 | — | |
| single_family | 5 | 4 | 2,104 | $9,250 | 2026-05-08 | — | |
| single_family | 5 | 3 | 2,572 | $14,000 | 2026-06-29 | — | |
| single_family | 5 | 2 | 1,519 | $5,000 | 2025-09-13 | — | |
| single_family | 5 | 3 | 2,936 | $12,000 | — | — | |
| single_family | 5 | 3 | 2,936 | $12,000 | 2026-07-30 | — |
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 |
|---|---|---|---|---|---|---|
| 14950 NE 2nd Ave | single_family | 5 | 3 | 1,991 | $750,000 | 2026-07-24 |
| 1140 NE 139th St | single_family | 5 | 3 | — | $740,000 | 2026-06-12 |
| 10760 NE 3rd Ave | single_family | 5 | 2 | 3,823 | $1,750,000 | 2026-04-24 |
| 11975 W Biscayne Canal Rd | single_family | 5 | 3 | 1,600 | $1,585,000 | 2026-04-23 |
| 14400 NE 4th Ave | single_family | 5 | 4 | 2,122 | $1,150,000 | 2026-04-13 |
| 545 NE 111th St | single_family | 5 | 3 | 1,570 | $540,000 | 2026-03-26 |
| 290 NE 108th St | single_family | 5 | 6 | 4,561 | $1,060,000 | 2026-02-10 |
| 12905 NE 4th Ave | single_family | 5 | 2 | 2,366 | $725,000 | 2025-11-20 |
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 |
|---|---|---|---|---|---|---|
| 935 NE 149th St | single_family | 5 | 4 | 2,800 | $1,350,000 | — |
| 1286 NE 110th St | multi_family | 5 | 2 | 1,868 | $750,000 | — |
| 1290 NE 110th St | multi_family | 5 | 2 | 1,882 | $750,000 | — |
| 430 NE 145th St | single_family | 5 | 3 | 2,180 | $779,000 | — |
| 348 NE 117th St | single_family | 5 | 3 | 2,513 | $1,385,000 | — |
| multi_family | 5 | 3 | — | $1,100,000 | — | |
| 161 NE 117th St | multi_family | 5 | 3 | 2,138 | $825,000 | — |
| 1230 NE 148th St | multi_family | 5 | 3 | 1,920 | $685,000 | — |
10-year hold projection
IRR60.1%
Equity multiple9.09x
Total return (10yr)$966,762
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $462,470 | $96,108 | $62,033 | $355,305 | $107,165 |
| 2 | $476,344 | $99,097 | $64,863 | $351,143 | $125,201 |
| 3 | $490,634 | $102,179 | $67,781 | $346,696 | $143,939 |
| 4 | $505,353 | $105,355 | $70,790 | $341,942 | $163,411 |
| 5 | $520,514 | $108,630 | $73,894 | $336,863 | $183,651 |
| 6 | $536,129 | $112,006 | $77,093 | $331,434 | $204,695 |
| 7 | $552,213 | $115,486 | $80,393 | $325,633 | $226,581 |
| 8 | $568,780 | $119,074 | $83,796 | $319,433 | $249,347 |
| 9 | $585,843 | $122,772 | $87,305 | $312,808 | $273,035 |
| 10 | $603,418 | $126,584 | $90,923 | $305,727 | $297,691 |
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.