15115 NE 6th Ave Unit 32
Miami, FL 33162 · townhomes · For Sale · 61 days on market
Asking price$235,000
3 beds 3 baths 1,620 sqft
Listed by Luis Apa · Nv Realty
Typetownhomes
Built1974
Price / sqft$145
Est. value (own analysis)$455,625
Rent estimate (own analysis)$2,500/mo
HOA$350/mo
Wind10/10Extreme$Heat10/10ExtremeFlood6/10major$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-07-04
Removed date—
MLSMiamiMLS #A12047961
Coordinates25.91463, -80.18660
Address15115 NE 6th Ave Unit 32
CityMiami
StateFL
Zip33162
Listing ID6140518215
Sourceus-real-estate-listings, cached 2026-09-01
ZIP market snapshot (33162)
Typical home value (ZHVI)$472,330
Typical rent (ZORI)$2,262/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 | $235,000 |
| Down payment (20.0%) | $47,000 |
| Loan amount | $188,000 |
| Closing costs (5.0%) | $11,750 |
| Total cash to close | $58,750 |
| Income | |
| Rent (comp-derived) | $2,500$30,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,300$27,600 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $372$4,465 |
| Insurance (est. scaled by flood & wind risk) | $274$3,290 |
| HOA dues | $350$4,200 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $125$1,500 |
| Total operating expenses | $1,121$13,455 |
| 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) | $125$1,500 |
| 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 |
|---|---|---|---|---|---|---|---|
| townhomes | 3 | 3 | 1,620 | $2,495 | 2026-05-12 | — | |
| townhomes | 3 | 3 | 1,182 | $2,600 | 2026-07-31 | — | |
| townhomes | 3 | 3 | 1,131 | $2,500 | 2026-04-30 | — | |
| townhomes | 3 | 3 | 1,182 | $2,400 | 2026-08-20 | — | |
| townhomes | 3 | 3 | 1,182 | $2,800 | 2026-06-20 | — |
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 |
|---|---|---|---|---|---|---|
| 2196 NE 167th St Unit 1-114 | townhomes | 3 | 3 | 1,182 | $307,000 | 2026-07-31 |
| 2186 NE 167th St Unit 1-111 | townhomes | 3 | 2 | 966 | $290,000 | 2026-06-09 |
| 2172 NE 171st St | townhomes | 2 | 3 | 1,600 | $450,000 | 2026-04-22 |
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 |
|---|---|---|---|---|---|---|
| 16010 NE 5th Ave | single_family | 3 | 2 | 1,904 | $650,000 | — |
| 2040 NE 163rd St Ph 2501 | condos | 3 | 3 | 1,412 | $1,492,500 | — |
| 661 NE 164th Ter | single_family | 3 | 3 | 1,440 | $580,000 | — |
| 665 NE 173rd Ter | single_family | 3 | 2 | 1,592 | $1,450,000 | — |
| 320 NE 160th St | single_family | 3 | 3 | 2,010 | $699,000 | — |
| 15260 NE 2nd Ave | single_family | 3 | 2 | 1,682 | $749,999 | — |
| 16225 NE 2nd Ave | single_family | 3 | 2 | 1,176 | $379,000 | — |
| single_family | 3 | 2 | 1,427 | $650,000 | — |
10-year hold projection
IRR8.9%
Equity multiple2.40x
Total return (10yr)$112,687
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $242,050 | $14,145 | -$1,853 | $185,962 | $56,088 |
| 2 | $249,312 | $14,637 | -$1,399 | $183,783 | $65,528 |
| 3 | $256,791 | $15,145 | -$929 | $181,455 | $75,335 |
| 4 | $264,495 | $15,670 | -$443 | $178,968 | $85,527 |
| 5 | $272,429 | $16,212 | $59 | $176,309 | $96,120 |
| 6 | $280,602 | $16,773 | $578 | $173,468 | $107,134 |
| 7 | $289,020 | $17,352 | $1,115 | $170,432 | $118,589 |
| 8 | $297,691 | $17,951 | $1,670 | $167,187 | $130,504 |
| 9 | $306,622 | $18,569 | $2,244 | $163,719 | $142,903 |
| 10 | $315,820 | $19,208 | $2,837 | $160,013 | $155,807 |
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.