2210 NE 124th St
North Miami, FL 33181 · single_family · For Sale · 209 days on market
Asking price$3,100,000
6 beds 7 baths — sqft
Listed by Bryan Sereny · Douglas Elliman - 1111 Lincoln Road
Typesingle_family
Built2026
Price / sqft—
Est. value (own analysis)$6,000,000
Rent estimate (Zillow ZIP avg)$2,429/mo
HOANone
1 / 11
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Statusfor_sale
Listed date2026-02-05
Removed date—
MLSMiamiMLS #A11941481
Coordinates25.89045, -80.15233
Address2210 NE 124th St
CityNorth Miami
StateFL
Zip33181
Listing ID6170625948
Sourceus-real-estate-listings, cached 2026-09-02
ZIP market snapshot (33181)
Typical home value (ZHVI)$321,152
Typical rent (ZORI)$2,429/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 | $3,100,000 |
| Down payment (20.0%) | $620,000 |
| Loan amount | $2,480,000 |
| Closing costs (5.0%) | $155,000 |
| Total cash to close | $775,000 |
| Income | |
| Rent (ZIP avg, ZORI — not bedroom-specific) | $2,429$29,153 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,235$26,821 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $4,908$58,900 |
| Insurance (placeholder 0.8% of price) | $2,067$24,800 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $121$1,458 |
| Total operating expenses | $7,096$85,158 |
| 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) | $121$1,458 |
| 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 |
|---|---|---|---|---|---|---|
| 2370 Bayview Ln | single_family | 6 | 7 | 5,625 | $7,530,000 | 2026-07-30 |
| 2310 Bayview Ln | single_family | 6 | 6 | 4,822 | $4,200,000 | 2026-07-27 |
| 13225 Arch Creek Ter | single_family | 6 | 6 | 4,547 | $7,500,000 | 2026-02-06 |
| 2010 NE 120th Rd | single_family | 6 | 7 | 6,180 | $4,500,000 | 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 |
|---|---|---|---|---|---|---|
| 13390 Biscayne Bay Dr | single_family | 6 | 10 | — | $15,490,000 | — |
| 2050 S Hibiscus Dr | single_family | 6 | 5 | 4,441 | $6,600,000 | — |
| 12685 N Bayshore Dr | single_family | 6 | 8 | 6,146 | $9,250,000 | — |
10-year hold projection
IRR-11.6%
Equity multiple-0.99x
Total return (10yr)-$1,140,050
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $3,193,000 | -$58,337 | -$251,041 | $2,453,111 | $739,889 |
| 2 | $3,288,790 | -$59,661 | -$252,401 | $2,424,376 | $864,414 |
| 3 | $3,387,454 | -$61,015 | -$253,792 | $2,393,668 | $993,786 |
| 4 | $3,489,077 | -$62,398 | -$255,213 | $2,360,850 | $1,128,227 |
| 5 | $3,593,750 | -$63,811 | -$256,666 | $2,325,779 | $1,267,970 |
| 6 | $3,701,562 | -$65,256 | -$258,151 | $2,288,300 | $1,413,262 |
| 7 | $3,812,609 | -$66,732 | -$259,668 | $2,248,247 | $1,564,362 |
| 8 | $3,926,987 | -$68,240 | -$261,218 | $2,205,444 | $1,721,543 |
| 9 | $4,044,797 | -$69,781 | -$262,803 | $2,159,701 | $1,885,096 |
| 10 | $4,166,141 | -$71,355 | -$264,422 | $2,110,817 | $2,055,324 |
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.