1230 NE 148th St
Miami, FL 33161 · multi_family · For Sale · 317 days on market
Asking price$685,000
5 beds 3 baths 1,920 sqft
Suggested offer$618,523$66,477 above the est. market value of $618,523.
View on Realtor.com →Listed by Jacky Sainvil · Century 21 King Realty
Typemulti_family
Built1956
Price / sqft$357
Est. value (own analysis)$618,523
Rent estimate (building total, own analysis)$4,480/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood5/10major$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2025-10-20
Removed date—
MLSMiamiMLS #A11898915
Coordinates25.91143, -80.17466
Address1230 NE 148th St
CityMiami
StateFL
Zip33161
Listing ID6210913581
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)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $685,000 |
| Down payment (20.0%) | $137,000 |
| Loan amount | $548,000 |
| Closing costs (5.0%) | $34,250 |
| Total cash to close | $171,250 |
| Income | |
| Rent (estimate) | $4,480$53,760 |
| Vacancy loss (8.0%) | |
| Effective gross income | $4,122$49,459 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,085$13,015 |
| Insurance (est. scaled by flood & wind risk) | $799$9,590 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $224$2,688 |
| Total operating expenses | $2,108$25,293 |
| 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) | $224$2,688 |
| 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 |
|---|---|---|---|---|---|---|
| 1555 NE 148th St | multi_family | 5 | 3 | 1,967 | $660,000 | 2026-04-22 |
| 14443 S Biscayne River Rd | multi_family | 5 | 2 | 2,384 | $768,000 | 2026-03-19 |
| 780 NE 127th St | multi_family | 5 | 5 | 3,780 | $715,000 | 2026-01-21 |
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 |
|---|---|---|---|---|---|---|
| 935 NE 149th St | single_family | 5 | 4 | 2,800 | $1,350,000 | — |
| 1286 NE 110th St | multi_family | 5 | 2 | 1,868 | $750,000 | — |
| 1290 NE 110th St | multi_family | 5 | 2 | 1,882 | $750,000 | — |
| 430 NE 145th St | single_family | 5 | 3 | 2,180 | $779,000 | — |
| 348 NE 117th St | single_family | 5 | 3 | 2,513 | $1,385,000 | — |
| multi_family | 5 | 3 | — | $1,100,000 | — | |
| 161 NE 117th St | multi_family | 5 | 3 | 2,138 | $825,000 | — |
| 1053 NE 149th St | single_family | 5 | 5 | 600 | $449,000 | — |
10-year hold projection
IRR2.1%
Equity multiple1.34x
Total return (10yr)$148,081
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $705,550 | $24,166 | -$20,781 | $542,058 | $163,492 |
| 2 | $726,717 | $25,018 | -$19,997 | $535,709 | $191,008 |
| 3 | $748,518 | $25,898 | -$19,185 | $528,923 | $219,595 |
| 4 | $770,974 | $26,808 | -$18,346 | $521,672 | $249,302 |
| 5 | $794,103 | $27,748 | -$17,478 | $513,922 | $280,181 |
| 6 | $817,926 | $28,720 | -$16,580 | $505,640 | $312,286 |
| 7 | $842,464 | $29,725 | -$15,652 | $496,790 | $345,674 |
| 8 | $867,738 | $30,763 | -$14,691 | $487,331 | $380,406 |
| 9 | $893,770 | $31,836 | -$13,698 | $477,224 | $416,546 |
| 10 | $920,583 | $32,946 | -$12,671 | $466,422 | $454,161 |
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.