6960 NW 4th Ave Apt 3
Miami, FL 33150 · condo_townhome_rowhome_coop · For Sale · 316 days on market
Asking price$198,000
1 beds 1 baths 690 sqft
Suggested offer$96,000$102,000 above the est. market value of $96,000.
View on Realtor.com →Listed by Jose J. Medina · Chez Realty, LLC.
Typecondo_townhome_rowhome_coop
Built2009
Price / sqft$287
Est. value (own analysis)$96,000
Rent estimate (own analysis)$1,700/mo
HOA$200/mo
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Statusfor_sale
Listed date2025-10-21
Removed date—
MLSMiamiMLS #A11899557
Coordinates25.83907, -80.20369
Address6960 NW 4th Ave Apt 3
CityMiami
StateFL
Zip33150
Listing ID6183915306
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33150)
Typical home value (ZHVI)$453,432
Typical rent (ZORI)$2,416/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 | $198,000 |
| Down payment (20.0%) | $39,600 |
| Loan amount | $158,400 |
| Closing costs (5.0%) | $9,900 |
| Total cash to close | $49,500 |
| Income | |
| Rent (comp-derived) | $1,700$20,400 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,564$18,768 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $314$3,762 |
| Insurance (placeholder 0.8% of price) | $132$1,584 |
| HOA dues | $200$2,400 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $85$1,020 |
| Total operating expenses | $731$8,766 |
| 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) | $85$1,020 |
| 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 |
|---|---|---|---|---|---|---|---|
| condos | 1 | 1 | 465 | $1,500 | 2026-08-19 | — | |
| apartment | 1 | 1 | 505 | $1,900 | 2026-08-15 | — | |
| apartment | 1 | 1 | 480 | $1,000 | 2026-08-07 | — | |
| condos | 1 | 1 | 550 | $1,700 | 2026-08-05 | — | |
| apartment | 1 | 1 | 600 | $1,800 | 2026-07-09 | — | |
| apartment | 1 | 1 | 542 | $1,750 | 2026-07-08 | — | |
| apartment | 1 | 1 | 592 | $1,900 | 2026-07-08 | — | |
| apartment | 1 | 1 | 520 | $1,650 | 2026-07-02 | — | |
| apartment | 1 | 1 | 589 | $1,378 | 2026-06-25 | — | |
| apartment | 1 | 1 | 505 | $1,700 | 2026-06-22 | — | |
| apartment | 1 | 1 | 650 | $1,650 | 2026-06-17 | — | |
| condos | 1 | 1 | 465 | $1,799 | 2026-06-17 | — | |
| apartment | 1 | 1 | 550 | $1,500 | 2026-06-05 | — | |
| apartment | 1 | 1 | 650 | $1,875 | 2026-06-04 | — | |
| apartment | 1 | 1 | 550 | $1,600 | 2026-05-18 | — | |
| apartment | 1 | 1 | 550 | $1,900 | 2026-09-02 | — | |
| condos | 1 | 1 | 551 | $1,500 | 2026-08-04 | — | |
| apartment | 1 | 1 | 505 | $1,300 | 2026-07-28 | — | |
| apartment | 1 | 1 | 700 | $1,499 | 2026-04-06 | — | |
| apartment | 1 | 1 | 600 | $1,900 | 2026-04-22 | — | |
| apartment | 1 | 1 | 600 | $1,800 | 2026-04-06 | — | |
| apartment | 1 | 1 | 462 | $1,700 | 2026-03-17 | — | |
| apartment | 1 | 1 | 480 | $1,000 | — | — | |
| apartment | 1 | 1 | 800 | $1,700 | 2026-07-23 | — |
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 |
|---|---|---|---|---|---|---|
| 419 NW 83rd St | condo | 3 | 2 | 1,150 | $175,000 | 2026-07-08 |
| 342 NW 84th Ter | condo | 3 | 2 | 1,195 | $185,000 | 2026-07-08 |
| 205 NW 84th St | condo | 3 | 2 | 1,150 | $178,000 | 2026-07-08 |
| 457 NW 84th St Unit 457 | condos | 3 | 2 | 1,150 | $165,000 | 2026-05-22 |
| 8301 NW 5th Ave Unit 8301 | condos | 4 | 2 | 1,410 | $170,000 | 2026-04-10 |
| 406 NW 84th Ter | condo | 4 | 3 | 1,660 | $223,800 | 2026-01-05 |
| 428 NW 84th St | condo | 4 | 3 | 1,660 | $209,100 | 2026-01-05 |
| 407 NW 84th St | condo | 4 | 3 | 1,660 | $223,800 | 2026-01-05 |
| 8463 NW 4th Ct | condo | 3 | 2 | 1,150 | $160,000 | 2025-12-29 |
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 |
|---|---|---|---|---|---|---|
| 8044 NW 1st Pl | multi_family | 1 | 2 | 1,531 | $815,000 | — |
| 300 NW 84th Ter Unit 300 | condos | 1 | 1 | 465 | $180,000 | — |
| 71 NW 76th St Apt 16 | condos | 1 | 1 | 568 | $148,000 | — |
| 70 NW 77th St Apt 9 | condos | 1 | 1 | 551 | $123,900 | — |
| 70 NW 77th St Apt 11 | condos | 1 | 1 | 551 | $150,000 | — |
| 71 NW 76th St Apt 5 | condos | 1 | 1 | 551 | $130,000 | — |
10-year hold projection
IRR6.2%
Equity multiple1.99x
Total return (10yr)$75,043
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $203,940 | $10,002 | -$3,233 | $156,683 | $47,257 |
| 2 | $210,058 | $10,346 | -$2,915 | $154,847 | $55,211 |
| 3 | $216,360 | $10,701 | -$2,585 | $152,886 | $63,474 |
| 4 | $222,851 | $11,068 | -$2,245 | $150,790 | $72,061 |
| 5 | $229,536 | $11,448 | -$1,893 | $148,550 | $80,986 |
| 6 | $236,422 | $11,839 | -$1,530 | $146,156 | $90,266 |
| 7 | $243,515 | $12,244 | -$1,154 | $143,598 | $99,917 |
| 8 | $250,820 | $12,662 | -$765 | $140,864 | $109,956 |
| 9 | $258,345 | $13,094 | -$364 | $137,942 | $120,403 |
| 10 | $266,095 | $13,540 | $52 | $134,820 | $131,275 |
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.