1400 NW 55th St
Miami, FL 33142 · multi_family · For Sale · 38 days on market
Asking price$599,900
2 beds 2 baths 1,120 sqft
Suggested offer$537,069$62,831 above the est. market value of $537,069.
View on Realtor.com →Listed by Jibelsa Unzalu · United Realty Group Inc
Typemulti_family
Built1953
Price / sqft$536
Est. value (own analysis)$537,069
Rent estimate (building total, own analysis)$2,811/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood4/10moderate$Air2/10MinorWildfire1/10Minimal
1 / 47
Show every detail
Statusfor_sale
Listed date2026-07-26
Removed date—
MLSMiamiMLS #A12058211
Coordinates25.82516, -80.22066
Address1400 NW 55th St
CityMiami
StateFL
Zip33142
Listing ID6162435145
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33142)
Typical home value (ZHVI)$430,103
Typical rent (ZORI)$2,350/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 | $599,900 |
| Down payment (20.0%) | $119,980 |
| Loan amount | $479,920 |
| Closing costs (5.0%) | $29,995 |
| Total cash to close | $149,975 |
| Income | |
| Rent (estimate) | $2,811$33,734 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,586$31,036 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $950$11,398 |
| Insurance (est. scaled by flood & wind risk) | $640$7,679 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $141$1,687 |
| Total operating expenses | $1,730$20,764 |
| 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) | $141$1,687 |
| 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.
No active rental listings cached yet for this bedroom count.
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 |
|---|---|---|---|---|---|---|
| 1786 NW 53rd St | multi_family | 2 | 2 | 936 | $450,000 | 2026-07-31 |
| 3710 NW 23rd Ct | multi_family | 2 | 2 | 1,148 | $355,000 | 2026-07-01 |
| 1331 NW 58th Ter | multi_family | 2 | 2 | 840 | $530,000 | 2026-04-02 |
| 1240 NW 38th St | multi_family | 2 | 2 | 928 | $445,000 | 2026-03-20 |
| 1515 NW 49th St | multi_family | 2 | 2 | 1,290 | $500,000 | 2025-11-18 |
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 |
|---|---|---|---|---|---|---|
| 2340 NW 15th Ave | multi_family | 2 | 2 | 2,139 | $620,000 | — |
| 3102 NW 31st St | single_family | 2 | 1 | 1,140 | $475,000 | — |
| 1855 NW 32nd St | single_family | 2 | 1 | 1,716 | $570,000 | — |
| 3156 NW 55th St | single_family | 2 | 1 | 464 | $339,900 | — |
| 2001 NW 51st St | single_family | 2 | 1 | 1,104 | $430,000 | — |
| 1530 NW 55th St | single_family | 2 | 1 | 792 | $429,000 | — |
| 1280 NW 51st St | single_family | 2 | 1 | 1,200 | $375,000 | — |
| 2911 NW 30th St | single_family | 2 | 1 | 728 | $400,000 | — |
10-year hold projection
IRR-2.7%
Equity multiple0.56x
Total return (10yr)$11,937
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $617,897 | $10,272 | -$28,424 | $474,717 | $143,180 |
| 2 | $636,434 | $10,684 | -$28,054 | $469,156 | $167,278 |
| 3 | $655,527 | $11,111 | -$27,670 | $463,213 | $192,314 |
| 4 | $675,193 | $11,553 | -$27,272 | $456,862 | $218,330 |
| 5 | $695,449 | $12,012 | -$26,859 | $450,076 | $245,373 |
| 6 | $716,312 | $12,487 | -$26,431 | $442,823 | $273,489 |
| 7 | $737,801 | $12,979 | -$25,986 | $435,072 | $302,730 |
| 8 | $759,935 | $13,489 | -$25,526 | $426,788 | $333,147 |
| 9 | $782,733 | $14,017 | -$25,048 | $417,936 | $364,797 |
| 10 | $806,215 | $14,564 | -$24,552 | $408,476 | $397,739 |
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.