1135 NE 133rd St

North Miami, FL 33161 · single_family · For Sale · 85 days on market
Asking price$479,000
2 beds 1 baths 864 sqft
Suggested offer$442,904$36,096 above the est. market value of $442,904.
View on Realtor.com →
Listed by Carlota Fonseca · Ng International Realty Llc
Typesingle_family
Built1949
Price / sqft$554
Est. value (own analysis)$442,904
Rent estimate (own analysis)$3,025/mo
HOANone
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Neighborhood

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Statusfor_sale
Listed date2026-06-09
Removed date
MLSMiamiMLS #A12033709
Coordinates25.89830, -80.17583
Address1135 NE 133rd St
CityNorth Miami
StateFL
Zip33161
Listing ID6206053998
Sourceus-real-estate-listings, cached 2026-09-01

ZIP market snapshot (33161)

Typical home value (ZHVI)$498,596
Typical rent (ZORI)$2,323/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$479,000
Down payment (20.0%)$95,800
Loan amount$383,200
Closing costs (5.0%)$23,950
Total cash to close$119,750
Rent (comp-derived)$3,025$36,300
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$36,300
Vacancy rate (assumption) assumption8.0%

$36,300 × 8.0% = $2,904

Effective gross income$2,783$33,396
Property tax (placeholder 1.9% of price)$758$9,101
Insurance (placeholder 0.8% of price)$319$3,832
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$151$1,815
Total operating expenses$1,229$14,748
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$33,396
Total operating expenses derived$14,748

$33,396 − $14,748 = $18,648

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$383,200
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$383,200 amortized at 6.7% over 30 years = $2,463/mo

CapEx reserve (5.0% of GSR)$151$1,815
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$18,648
Annual debt service derived$29,551
Annual CapEx reserve assumption$1,815
Annual PMI assumption$0

($18,648 − $29,551 − $1,815 − $0) ÷ 12 = -$1,060

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$18,648
Purchase price data$479,000

$18,648 ÷ $479,000 = 3.9%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$12,718
Total cash to close derived$119,750

-$12,718 ÷ $119,750 = -10.6%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$18,648
Annual debt service derived$29,551

$18,648 ÷ $29,551 = 0.63

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$36,300
Purchase price data$479,000

($36,300 ÷ 12) ÷ $479,000 = 0.6%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$479,000
Gross scheduled rent (annual) comp$36,300

$479,000 ÷ $36,300 = 13.2

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$14,748
Effective gross income derived$33,396

$14,748 ÷ $33,396 = 44.2%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$14,748
Annual debt service derived$29,551
Annual PMI assumption$0
Gross scheduled rent (annual) comp$36,300

($14,748 + $29,551 + $0) ÷ $36,300 = 122.0%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family211,100$3,4952026-08-06
single_family21805$2,4002026-08-11
single_family22900$2,1002026-07-12
single_family23890$2,8502026-01-11
single_family221,100$5,5002026-08-13
single_family211,091$3,2002026-07-28

14995 NE 9th Ave

Miami, 33161 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage1,100
Listed2026-08-06
Days on market

Asking rent: $3,495

View on Zillow →

1543 NE 144th St # 1

North Miami, 33161 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage805
Listed2026-08-11
Days on market

Asking rent: $2,400

View on Zillow →

515 NE 150th St Apt 1

Miami, 33161 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage900
Listed2026-07-12
Days on market

Asking rent: $2,100

View on Zillow →

987 NE 145th St Unit B

North Miami, 33161 · rent comp

Bedrooms / bathrooms2 bd / 3 ba
Square footage890
Listed2026-01-11
Days on market

Asking rent: $2,850

View on Zillow →

12325 NE 11th Pl

North Miami, 33161 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,100
Listed2026-08-13
Days on market

Asking rent: $5,500

View on Zillow →

1471 NE 132nd Rd

North Miami, 33161 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage1,091
Listed2026-07-28
Days on market

Asking rent: $3,200

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
1390 NE 129th Stsingle_family221,290$460,0002026-08-31
101 NE 107th Stsingle_family211,253$975,0002026-08-14
1008 NE 114th Stsingle_family21992$4,500,0002026-08-11
1315 NE 130th Stsingle_family211,330$619,9002026-08-06
14 NE 108th Stsingle_family221,519$895,0002026-07-27
936 NE 128th Stsingle_family221,623$975,0002026-07-24
73 NE 110th Stsingle_family221,588$820,0002026-07-22
530 NE 132nd Tersingle_family221,086$376,0002026-07-08
10821 NE 5th Avesingle_family211,032$550,0002026-07-07
11932 NE 8th Avesingle_family221,491$1,245,0002026-07-06
470 NE 110th Stsingle_family211,192$690,0002026-07-06
330 NE 108th Stsingle_family211,131$355,0002026-06-22
334 NE 107th Stsingle_family211,064$790,0002026-06-22
720 NE 143rd Stsingle_family211,536$490,0002026-06-18
10860 NE 11th Ctsingle_family221,235$350,0002026-06-16
985 NE 121st Stsingle_family211,188$555,0002026-06-11
13236 NE 4th Avesingle_family211,846$730,0002026-06-08
610 NE 115th Stsingle_family211,386$1,062,0002026-06-04
455 NE 111th Stsingle_family22968$672,0002026-05-27
1105 NE 112th Stsingle_family211,203$430,0002026-05-21
500 NE 135th Stsingle_family211,497$225,0002026-05-12
1007 NE 117th Stsingle_family211,201$900,0002026-04-24
690 NE 118th Stsingle_family21997$825,0002026-04-06
1065 NE 119th Stsingle_family21975$4,300,0002026-03-31
114 NE 107th Stsingle_family211,382$880,0002026-03-30
14745 N Spur Drsingle_family221,665$1,075,0002026-03-19
505 NE 132nd Tersingle_family211,364$530,0002026-03-03
1030 NE 132nd Stsingle_family211,391$545,0002026-02-13
763 NE 140th Stsingle_family211,110$331,0002026-02-13
1530 NE 132nd Rdsingle_family21890$330,0002026-01-29
10825 Peachtree Drsingle_family221,503$840,0002026-01-21
511 NE 133rd Stsingle_family211,270$369,0002026-01-21
13751 NE 1st Avesingle_family211,929$800,0002026-01-20
740 NE 121st Stsingle_family211,304$780,0002026-01-15
811 NE 139th Stsingle_family211,100$325,0002026-01-08
1580 NE 141st Stsingle_family21858$380,0002025-12-30
37 NE 110th Stsingle_family221,422$700,0002025-12-23
1131 NE 129th Stsingle_family211,308$549,9002025-12-22
11705 NE 11th Avesingle_family221,128$574,0002025-12-02
13075 NE 4th Avesingle_family221,330$715,9002025-12-02
138 NE 109th Stsingle_family231,628$950,0002025-11-26
12845 NE 4th Avesingle_family21832$450,0002025-11-24

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
10860 NE 11th Avesingle_family211,021$825,000
1289 NE 146th Stsingle_family21591$699,999
14241 Memorial Highway 9Fcondos221,182$264,995
1350 NE 119th St Unit 135021condos22952$165,000
1251 NE 108th St Apt 423condos221,010$250,000
274 NE 141st St Unit 3Ctownhomes221,200$250,000
14310 NE 5th Plsingle_family221,160$330,000
14225 Memorial Hwy # 1Ftownhomes221,182$295,000

10-year hold projection

IRR3.2%
Equity multiple1.51x
Total return (10yr)$123,561
YearProperty valueNOICash flowLoan balanceEquity
1$493,370$18,648-$12,718$379,045$114,325
2$508,171$19,281-$12,130$374,605$133,566
3$523,416$19,935-$11,522$369,860$153,556
4$539,119$20,611-$10,894$364,789$174,329
5$555,292$21,308-$10,246$359,370$195,922
6$571,951$22,029-$9,575$353,579$218,372
7$589,110$22,773-$8,882$347,390$241,719
8$606,783$23,542-$8,166$340,776$266,007
9$624,986$24,336-$7,426$333,708$291,278
10$643,736$25,156-$6,661$326,155$317,581
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.