2050 S Hibiscus Dr
North Miami, FL 33181 · single_family · For Sale · 198 days on market
Asking price$6,600,000
6 beds 5 baths 4,441 sqft
Suggested offer$4,906,594$1,693,406 above the est. market value of $4,906,594.
View on Realtor.com →Listed by DANETT MARANTE · International Unlimited Realty
Typesingle_family
Built2022
Price / sqft$1486
Est. value (own analysis)$4,906,594
Rent estimate (Zillow ZIP avg)$2,429/mo
HOANone
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Statusfor_sale
Listed date2026-02-16
Removed date—
MLSMiamiMLS #A11966151
Coordinates25.89310, -80.15627
Address2050 S Hibiscus Dr
CityNorth Miami
StateFL
Zip33181
Listing ID6173905351
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 | $6,600,000 |
| Down payment (20.0%) | $1,320,000 |
| Loan amount | $5,280,000 |
| Closing costs (5.0%) | $330,000 |
| Total cash to close | $1,650,000 |
| 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) | $10,450$125,400 |
| Insurance (placeholder 0.8% of price) | $4,400$52,800 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $121$1,458 |
| Total operating expenses | $14,971$179,658 |
| 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 |
|---|---|---|---|---|---|---|
| 2210 NE 124th St | single_family | 6 | 7 | — | $3,100,000 | — |
| 13390 Biscayne Bay Dr | single_family | 6 | 10 | — | $15,490,000 | — |
| 12685 N Bayshore Dr | single_family | 6 | 8 | 6,146 | $9,250,000 | — |
10-year hold projection
IRR-12.7%
Equity multiple-1.18x
Total return (10yr)-$2,737,470
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $6,798,000 | -$152,837 | -$561,463 | $5,222,753 | $1,575,247 |
| 2 | $7,001,940 | -$156,524 | -$565,186 | $5,161,575 | $1,840,365 |
| 3 | $7,211,998 | -$160,299 | -$568,999 | $5,096,196 | $2,115,802 |
| 4 | $7,428,358 | -$164,164 | -$572,902 | $5,026,327 | $2,402,031 |
| 5 | $7,651,209 | -$168,122 | -$576,899 | $4,951,660 | $2,699,549 |
| 6 | $7,880,745 | -$172,174 | -$580,991 | $4,871,865 | $3,008,880 |
| 7 | $8,117,168 | -$176,323 | -$585,181 | $4,786,592 | $3,330,576 |
| 8 | $8,360,683 | -$180,571 | -$589,472 | $4,695,462 | $3,665,221 |
| 9 | $8,611,503 | -$184,920 | -$593,864 | $4,598,074 | $4,013,429 |
| 10 | $8,869,848 | -$189,373 | -$598,362 | $4,493,999 | $4,375,850 |
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.