← Back to results

13040 N Bayshore Dr

North Miami, FL 33181 · single_family · For Sale · 110 days on market
Asking price$4,999,000
4 beds 4 baths 3,542 sqft
Suggested offer$3,202,039$1,796,961 above the est. market value of $3,202,039.
View on Realtor.com →
Listed by Joel Lusky · The Brokerage South Florida Real Estate, LLC.
Typesingle_family
Built2015
Price / sqft$1411
Est. value (own analysis)$3,202,039
Rent estimate (own analysis)$11,600/mo
HOANone
Photo 1 of 13040 N Bayshore DrPhoto 2 of 13040 N Bayshore DrPhoto 3 of 13040 N Bayshore DrPhoto 4 of 13040 N Bayshore DrPhoto 5 of 13040 N Bayshore DrPhoto 6 of 13040 N Bayshore DrPhoto 7 of 13040 N Bayshore DrPhoto 8 of 13040 N Bayshore DrPhoto 9 of 13040 N Bayshore DrPhoto 10 of 13040 N Bayshore DrPhoto 11 of 13040 N Bayshore DrPhoto 12 of 13040 N Bayshore DrPhoto 13 of 13040 N Bayshore DrPhoto 14 of 13040 N Bayshore DrPhoto 15 of 13040 N Bayshore DrPhoto 16 of 13040 N Bayshore DrPhoto 17 of 13040 N Bayshore DrPhoto 18 of 13040 N Bayshore DrPhoto 19 of 13040 N Bayshore DrPhoto 20 of 13040 N Bayshore DrPhoto 21 of 13040 N Bayshore DrPhoto 22 of 13040 N Bayshore DrPhoto 23 of 13040 N Bayshore DrPhoto 24 of 13040 N Bayshore DrPhoto 25 of 13040 N Bayshore DrPhoto 26 of 13040 N Bayshore DrPhoto 27 of 13040 N Bayshore DrPhoto 28 of 13040 N Bayshore DrPhoto 29 of 13040 N Bayshore DrPhoto 30 of 13040 N Bayshore DrPhoto 31 of 13040 N Bayshore DrPhoto 32 of 13040 N Bayshore DrPhoto 33 of 13040 N Bayshore DrPhoto 34 of 13040 N Bayshore DrPhoto 35 of 13040 N Bayshore DrPhoto 36 of 13040 N Bayshore DrPhoto 37 of 13040 N Bayshore DrPhoto 38 of 13040 N Bayshore DrPhoto 39 of 13040 N Bayshore DrPhoto 40 of 13040 N Bayshore DrPhoto 41 of 13040 N Bayshore DrPhoto 42 of 13040 N Bayshore DrPhoto 43 of 13040 N Bayshore DrPhoto 44 of 13040 N Bayshore DrPhoto 45 of 13040 N Bayshore DrPhoto 46 of 13040 N Bayshore DrPhoto 47 of 13040 N Bayshore DrPhoto 48 of 13040 N Bayshore DrPhoto 49 of 13040 N Bayshore DrPhoto 50 of 13040 N Bayshore DrPhoto 51 of 13040 N Bayshore DrPhoto 52 of 13040 N Bayshore DrPhoto 53 of 13040 N Bayshore DrPhoto 54 of 13040 N Bayshore DrPhoto 55 of 13040 N Bayshore DrPhoto 56 of 13040 N Bayshore DrPhoto 57 of 13040 N Bayshore DrPhoto 58 of 13040 N Bayshore DrPhoto 59 of 13040 N Bayshore DrPhoto 60 of 13040 N Bayshore DrPhoto 61 of 13040 N Bayshore DrPhoto 62 of 13040 N Bayshore DrPhoto 63 of 13040 N Bayshore DrPhoto 64 of 13040 N Bayshore Dr
1 / 64
Photo 1 of 13040 N Bayshore DrPhoto 2 of 13040 N Bayshore DrPhoto 3 of 13040 N Bayshore DrPhoto 4 of 13040 N Bayshore DrPhoto 5 of 13040 N Bayshore DrPhoto 6 of 13040 N Bayshore DrPhoto 7 of 13040 N Bayshore DrPhoto 8 of 13040 N Bayshore DrPhoto 9 of 13040 N Bayshore DrPhoto 10 of 13040 N Bayshore DrPhoto 11 of 13040 N Bayshore DrPhoto 12 of 13040 N Bayshore DrPhoto 13 of 13040 N Bayshore DrPhoto 14 of 13040 N Bayshore DrPhoto 15 of 13040 N Bayshore DrPhoto 16 of 13040 N Bayshore DrPhoto 17 of 13040 N Bayshore DrPhoto 18 of 13040 N Bayshore DrPhoto 19 of 13040 N Bayshore DrPhoto 20 of 13040 N Bayshore DrPhoto 21 of 13040 N Bayshore DrPhoto 22 of 13040 N Bayshore DrPhoto 23 of 13040 N Bayshore DrPhoto 24 of 13040 N Bayshore DrPhoto 25 of 13040 N Bayshore DrPhoto 26 of 13040 N Bayshore DrPhoto 27 of 13040 N Bayshore DrPhoto 28 of 13040 N Bayshore DrPhoto 29 of 13040 N Bayshore DrPhoto 30 of 13040 N Bayshore DrPhoto 31 of 13040 N Bayshore DrPhoto 32 of 13040 N Bayshore DrPhoto 33 of 13040 N Bayshore DrPhoto 34 of 13040 N Bayshore DrPhoto 35 of 13040 N Bayshore DrPhoto 36 of 13040 N Bayshore DrPhoto 37 of 13040 N Bayshore DrPhoto 38 of 13040 N Bayshore DrPhoto 39 of 13040 N Bayshore DrPhoto 40 of 13040 N Bayshore DrPhoto 41 of 13040 N Bayshore DrPhoto 42 of 13040 N Bayshore DrPhoto 43 of 13040 N Bayshore DrPhoto 44 of 13040 N Bayshore DrPhoto 45 of 13040 N Bayshore DrPhoto 46 of 13040 N Bayshore DrPhoto 47 of 13040 N Bayshore DrPhoto 48 of 13040 N Bayshore DrPhoto 49 of 13040 N Bayshore DrPhoto 50 of 13040 N Bayshore DrPhoto 51 of 13040 N Bayshore DrPhoto 52 of 13040 N Bayshore DrPhoto 53 of 13040 N Bayshore DrPhoto 54 of 13040 N Bayshore DrPhoto 55 of 13040 N Bayshore DrPhoto 56 of 13040 N Bayshore DrPhoto 57 of 13040 N Bayshore DrPhoto 58 of 13040 N Bayshore DrPhoto 59 of 13040 N Bayshore DrPhoto 60 of 13040 N Bayshore DrPhoto 61 of 13040 N Bayshore DrPhoto 62 of 13040 N Bayshore DrPhoto 63 of 13040 N Bayshore DrPhoto 64 of 13040 N Bayshore Dr
1 / 64
Street view
View full map & nearby schools →

Neighborhood

Show every detail
Statusfor_sale
Listed date2026-05-15
Removed date—
MLSMiamiMLS #A12019361
Coordinates25.89743, -80.15355
Address13040 N Bayshore Dr
CityNorth Miami
StateFL
Zip33181
Listing ID6218624482
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$4,999,000
Down payment (20.0%)$999,800
Loan amount$3,999,200
Closing costs (5.0%)$249,950
Total cash to close$1,249,750
Income
Rent (comp-derived)$11,600$139,200
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$139,200
Vacancy rate (assumption) assumption8.0%

$139,200 × 8.0% = $11,136

Effective gross income$10,672$128,064
Operating expenses
Property tax (placeholder 1.9% of price)$7,915$94,981
Insurance (placeholder 0.8% of price)$3,333$39,992
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$580$6,960
Total operating expenses$11,828$141,933
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$128,064
Total operating expenses derived$141,933

$128,064 − $141,933 = -$13,869

Debt service & reserves
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$3,999,200
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$3,999,200 amortized at 6.7% over 30 years = $25,700/mo

CapEx reserve (5.0% of GSR)$580$6,960
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-$13,869
Annual debt service derived$308,399
Annual CapEx reserve assumption$6,960
Annual PMI assumption$0

(-$13,869 − $308,399 − $6,960 − $0) ÷ 12 = -$27,436

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived-$13,869
Purchase price data$4,999,000

-$13,869 ÷ $4,999,000 = -0.3%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$329,228
Total cash to close derived$1,249,750

-$329,228 ÷ $1,249,750 = -26.3%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived-$13,869
Annual debt service derived$308,399

-$13,869 ÷ $308,399 = -0.04

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$139,200
Purchase price data$4,999,000

($139,200 ÷ 12) ÷ $4,999,000 = 0.2%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$4,999,000
Gross scheduled rent (annual) comp$139,200

$4,999,000 ÷ $139,200 = 35.9

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$141,933
Effective gross income derived$128,064

$141,933 ÷ $128,064 = 110.8%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$141,933
Annual debt service derived$308,399
Annual PMI assumption$0
Gross scheduled rent (annual) comp$139,200

($141,933 + $308,399 + $0) ÷ $139,200 = 323.5%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family431,600$6,5002026-08-23—
single_family432,145$10,5002026-08-10—
single_family432,115$13,5002026-07-02—
single_family433,458$14,0002026-01-07—
single_family432,388$12,7002026-05-07—
single_family432,192$6,000——

1647 NE 146th St Unit 0

Miami, 33181 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,600
Listed2026-08-23
Days on market—

Asking rent: $6,500

View on Zillow →

1825 Alamanda Dr

North Miami, 33181 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage2,145
Listed2026-08-10
Days on market—

Asking rent: $10,500

View on Zillow →

1912 NE 119th Rd

North Miami, 33181 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage2,115
Listed2026-07-02
Days on market—

Asking rent: $13,500

View on Zillow →

13240 Ortega Ln

North Miami, 33181 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage3,458
Listed2026-01-07
Days on market—

Asking rent: $14,000

View on Zillow →

11445 N Bayshore Dr

North Miami, 33181 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage2,388
Listed2026-05-07
Days on market—

Asking rent: $12,700

View on Zillow →

1875 Alamanda Dr

North Miami, 33181 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage2,192
Listed—
Days on market—

Asking rent: $6,000

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
2030 N Hibiscus Drsingle_family452,962$3,200,0002026-08-10
1895 Ixora Rdsingle_family432,690$2,200,0002026-05-14
2055 Keystone Blvdsingle_family443,204$2,373,9002026-05-12
12885 N Bayshore Drsingle_family453,658$5,400,0002026-05-12
12900 N Bayshore Drsingle_family432,239$2,825,0002026-04-30
1775 NE 147th Stsingle_family432,455$680,0002026-04-30
13000 Arch Creek Tersingle_family452,687$2,700,0002026-04-29
12945 Coronado Tersingle_family433,757$3,500,0002026-04-22
12545 Palm Rdsingle_family442,552$2,600,0002026-03-16
11407 N Bayshore Drsingle_family432,705$1,800,0002026-02-05
12855 Maple Rdsingle_family442,750$3,140,0002026-01-15
2180 Alamanda Drsingle_family442,134$1,985,0002025-12-23
12932 Ixora Rdsingle_family432,258$1,600,0002025-12-15
2140 Hibiscus Cirsingle_family433,823$3,300,0002025-12-15
2010 NE 122nd Rdsingle_family422,856$2,250,0002025-11-24
2085 Ixora Rdsingle_family442,620$2,300,0002025-11-05
12605 Cyprus Rdsingle_family454,078$4,700,0002025-11-04
11675 NE 20th Drsingle_family432,580$2,100,0002025-11-03
14500 NE 18th Avesingle_family421,631$690,0002025-10-30
2020 NE 121st Rdsingle_family432,480$2,845,0002025-10-10

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
1765 NE 145th Stsingle_family432,066$965,000—
11113 Biscayne Blvd Ph 8condos454,560$1,850,000—
2273 Bayview Lnsingle_family442,900$3,875,000—
11620 NE 20th Drsingle_family443,349$3,100,000—
2096 Alamanda Drsingle_family464,300$4,395,000—
13741 NE 20th Plmulti_family421,678$620,000—
1845 NE 124th Stsingle_family453,216$3,600,000—
1825 Alamanda Drsingle_family43—$1,850,000—

10-year hold projection

IRR-7.7%
Equity multiple-0.30x
Total return (10yr)-$969,412
YearProperty valueNOICash flowLoan balanceEquity
1$5,148,970-$13,869-$329,228$3,955,840$1,193,130
2$5,303,439-$13,575-$329,109$3,909,502$1,393,937
3$5,462,542-$13,255-$328,967$3,859,982$1,602,560
4$5,626,419-$12,907-$328,802$3,807,061$1,819,357
5$5,795,211-$12,530-$328,612$3,750,507$2,044,704
6$5,969,067-$12,123-$328,397$3,690,069$2,278,999
7$6,148,139-$11,684-$328,154$3,625,480$2,522,660
8$6,332,584-$11,211-$327,884$3,556,456$2,776,128
9$6,522,561-$10,704-$327,583$3,482,692$3,039,869
10$6,718,238-$10,160-$327,252$3,403,863$3,314,375
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.