2070 Keystone Blvd

North Miami, FL 33181 · single_family · For Sale · 57 days on market
Asking price$1,269,000
3 beds 2 baths 1,422 sqft
Suggested offer$1,252,882$16,118 above the est. market value of $1,252,882.
View on Realtor.com →
Listed by Richard Todd Feldman, Broker/Owner · Miami Waterfront Realty
Typesingle_family
Built1952
Price / sqft$892
Est. value (own analysis)$1,252,882
Rent estimate (own analysis)$4,800/mo
HOANone
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Neighborhood

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Statusfor_sale
Listed date2026-07-08
Removed date
MLSMiamiMLS #A12041710
Coordinates25.89206, -80.15563
Address2070 Keystone Blvd
CityNorth Miami
StateFL
Zip33181
Listing ID6178004605
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)

Purchase price$1,269,000
Down payment (20.0%)$253,800
Loan amount$1,015,200
Closing costs (5.0%)$63,450
Total cash to close$317,250
Rent (comp-derived)$4,800$57,600
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$57,600
Vacancy rate (assumption) assumption8.0%

$57,600 × 8.0% = $4,608

Effective gross income$4,416$52,992
Property tax (placeholder 1.9% of price)$2,009$24,111
Insurance (placeholder 0.8% of price)$846$10,152
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$240$2,880
Total operating expenses$3,095$37,143
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$52,992
Total operating expenses derived$37,143

$52,992 − $37,143 = $15,849

Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing)

Monthly Principal & Interest

Standard amortization on the loan amount, at the effective rate and term

Loan amount derived$1,015,200
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$1,015,200 amortized at 6.7% over 30 years = $6,524/mo

CapEx reserve (5.0% of GSR)$240$2,880
Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%)$0$0
Cash flow

Monthly Cash Flow

(NOI − Annual Debt Service − Annual CapEx Reserve − Annual PMI) ÷ 12

NOI derived$15,849
Annual debt service derived$78,287
Annual CapEx reserve assumption$2,880
Annual PMI assumption$0

($15,849 − $78,287 − $2,880 − $0) ÷ 12 = -$5,443

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$15,849
Purchase price data$1,269,000

$15,849 ÷ $1,269,000 = 1.2%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$65,318
Total cash to close derived$317,250

-$65,318 ÷ $317,250 = -20.6%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$15,849
Annual debt service derived$78,287

$15,849 ÷ $78,287 = 0.20

Rent-to-price (1% rule)

Rent-to-Price (the "1% rule")

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$57,600
Purchase price data$1,269,000

($57,600 ÷ 12) ÷ $1,269,000 = 0.4%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$1,269,000
Gross scheduled rent (annual) comp$57,600

$1,269,000 ÷ $57,600 = 22.0

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$37,143
Effective gross income derived$52,992

$37,143 ÷ $52,992 = 70.1%

Break-even occupancy

Break-Even Occupancy

(Total OpEx + Annual Debt Service + Annual PMI) ÷ Gross Scheduled Rent

Total operating expenses derived$37,143
Annual debt service derived$78,287
Annual PMI assumption$0
Gross scheduled rent (annual) comp$57,600

($37,143 + $78,287 + $0) ÷ $57,600 = 200.4%

Comparables

Same ZIP. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family322,332$2,9502026-06-29
single_family322,332$3,0002026-06-29
single_family322,650$9,0002026-07-05
single_family332,702$10,7502026-06-22
single_family321,743$4,800

1700 NE 146th St

Miami, 33181 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage2,332
Listed2026-06-29
Days on market

Asking rent: $2,950

View on Zillow →

1702 NE 146th St

Miami, 33181 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage2,332
Listed2026-06-29
Days on market

Asking rent: $3,000

View on Zillow →

2115 Alamanda Dr

North Miami, 33181 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage2,650
Listed2026-07-05
Days on market

Asking rent: $9,000

View on Zillow →

2255 NE 120th St

North Miami, 33181 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage2,702
Listed2026-06-22
Days on market

Asking rent: $10,750

View on Zillow →

15051 Royal Oaks Ln Apt 1104

North Miami, 33181 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,743
Listed
Days on market

Asking rent: $4,800

View on Zillow →

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
13200 Ortega Lnsingle_family332,760$2,375,0002026-08-14
2065 Keystone Blvdsingle_family322,053$2,020,0002026-07-20
2130 NE 122nd Rdsingle_family342,295$2,400,0002026-07-17
2075 S Hibiscus Drsingle_family331,641$1,350,0002026-06-30
2010 Alamanda Drsingle_family321,586$1,430,0002026-06-26
1905 NE 124th Stsingle_family322,094$1,125,0002026-06-05
11660 Canal Drsingle_family321,929$1,240,0002026-06-01
11525 NE 22nd Drsingle_family333,525$2,275,0002026-05-29
2060 Keystone Blvdsingle_family321,924$1,085,0002026-05-28
12943 Ixora Cirsingle_family323,155$3,300,0002026-05-26
1995 Ixora Rdsingle_family321,871$2,100,0002026-05-13
14000 NE 16th Ctsingle_family321,400$570,0002026-05-11
2104 NE 124th Stsingle_family321,558$2,300,0002026-04-09
1745 NE 137th Tersingle_family322,100$775,0002026-04-03
11505 N Bayshore Drsingle_family332,296$1,300,0002026-03-26
2108 NE 124th Stsingle_family322,264$2,275,0002026-03-25
12540 Palm Rdsingle_family321,822$1,150,0002026-03-04
12430 Keystone Island Drsingle_family332,048$1,500,0002026-02-25
13205 Coronado Drsingle_family321,980$2,300,0002026-01-29
12910 Auralia Rdsingle_family322,569$3,000,0002025-12-16
12488 N Bayshore Drsingle_family322,179$2,000,0002025-12-12
12905 Cherry Rdsingle_family332,674$3,150,0002025-12-04
14500 NE 18th Avesingle_family311,048$690,0002025-10-30
13105 Coronado Drsingle_family322,412$2,300,0002025-10-29
12902 Ixora Rdsingle_family321,425$1,300,0002025-10-23
12942 Ixora Rdsingle_family321,620$940,0002025-10-02

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.

AddressTypeBedsBathsSqftAsking priceDays on market
2411 Laguna Cir Unit 306condos331,569$1,798,000
1800 NE 114th St Apt 508condos331,950$290,000
2411 Laguna Cir Unit 701condos342,131$2,572,100
11111 Biscayne 2-4c or 427 Blvd Unit Towercondos331,674$405,000
11113 Biscayne Blvd Unit 558condos332,749$899,000
1800 NE 114th St Apt 909condos332,320$450,000
1800 NE 114th St Apt 401condos331,950$320,000
13501 NE 23rd Cttownhomes321,640$330,000

10-year hold projection

IRR-3.8%
Equity multiple0.36x
Total return (10yr)-$36,216
YearProperty valueNOICash flowLoan balanceEquity
1$1,307,070$15,849-$65,318$1,004,193$302,877
2$1,346,282$16,510-$64,729$992,430$353,852
3$1,386,671$17,196-$64,117$979,859$406,811
4$1,428,271$17,907-$63,482$966,425$461,845
5$1,471,119$18,644-$62,822$952,069$519,050
6$1,515,252$19,408-$62,138$936,727$578,526
7$1,560,710$20,201-$61,427$920,331$640,379
8$1,607,531$21,022-$60,689$902,809$704,722
9$1,655,757$21,874-$59,923$884,084$771,673
10$1,705,430$22,756-$59,128$864,073$841,357
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.
All figures are estimates for evaluation purposes only, not investment, tax, legal, or insurance advice. Property tax is estimated from a real matched tax bill or millage rate when available, a placeholder % of price otherwise; insurance is scaled by flood and wind risk where those are known and a flat percentage otherwise — never a real quote. Verify all of them, along with association restrictions and permit status, before committing capital. Rent estimates come from real comps or Zillow’s ZIP index, not appraisals.