1500 NE 151st St Apt 104
Miami, FL 33162 · townhomes · For Sale · 118 days on market
Asking price$320,000
2 beds 2 baths 1,086 sqft
Suggested offer$305,438$14,563 above the est. market value of $305,438.
View on Realtor.com →Listed by Luis Apa · Nv Realty
Typetownhomes
Built1972
Price / sqft$295
Est. value (own analysis)$305,438
Rent estimate (own analysis)$2,650/mo
HOA$529/mo
Wind10/10Extreme$Heat10/10ExtremeFlood4/10moderate$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-05-07
Removed date—
MLSMiamiMLS #A12014801
Coordinates25.91410, -80.16935
Address1500 NE 151st St Apt 104
CityMiami
StateFL
Zip33162
Listing ID6155871784
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 | $320,000 |
| Down payment (20.0%) | $64,000 |
| Loan amount | $256,000 |
| Closing costs (5.0%) | $16,000 |
| Total cash to close | $80,000 |
| Income | |
| Rent (comp-derived) | $2,650$31,800 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,438$29,256 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $507$6,080 |
| Insurance (est. scaled by flood & wind risk) | $341$4,096 |
| HOA dues | $529$6,348 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $133$1,590 |
| Total operating expenses | $1,510$18,114 |
| 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) | $133$1,590 |
| 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 | 2 | 3 | 1,384 | $2,650 | 2026-05-19 | — | |
| townhomes | 2 | 3 | 1,440 | $2,700 | 2026-08-24 | — | |
| townhomes | 2 | 1 | 1,200 | $2,300 | 2026-08-25 | — |
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 |
|---|---|---|---|---|---|---|
| 1520 NE 151st St Apt 103 | townhomes | 2 | 2 | 1,075 | $320,000 | — |
| 1560 NE 151st St Apt 102 | townhomes | 2 | 2 | 1,075 | $320,000 | — |
| 16901 NE 13th Ave Apt 303 | condos | 2 | 2 | 960 | $119,000 | — |
| 2040 NE 163rd St Ph 2505 | condos | 2 | 2 | 1,022 | $1,130,600 | — |
| 2040 NE 163rd St Ph 2511 | condos | 2 | 2 | — | $1,412,300 | — |
| 1355 NE 167th St Apt 115 | condos | 2 | 1 | 883 | $109,900 | — |
| 15205 NE 6th Ave Apt D111 | condos | 2 | 2 | 920 | $175,000 | — |
| 17050 NE 14th Ave Apt 115 | condos | 2 | 1 | 883 | $87,500 | — |
10-year hold projection
IRR1.8%
Equity multiple1.29x
Total return (10yr)$65,383
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $329,600 | $11,142 | -$10,189 | $253,224 | $76,376 |
| 2 | $339,488 | $11,567 | -$9,804 | $250,258 | $89,230 |
| 3 | $349,673 | $12,007 | -$9,405 | $247,088 | $102,584 |
| 4 | $360,163 | $12,462 | -$8,992 | $243,701 | $116,462 |
| 5 | $370,968 | $12,933 | -$8,563 | $240,081 | $130,887 |
| 6 | $382,097 | $13,421 | -$8,119 | $236,212 | $145,885 |
| 7 | $393,560 | $13,927 | -$7,659 | $232,078 | $161,482 |
| 8 | $405,366 | $14,449 | -$7,182 | $227,659 | $177,707 |
| 9 | $417,527 | $14,990 | -$6,688 | $222,938 | $194,590 |
| 10 | $430,053 | $15,551 | -$6,177 | $217,892 | $212,162 |
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.