13502 NE 24th Ct
North Miami, FL 33181 · townhomes · Pending — under contract · 76 days on market
Asking price$515,000
3 beds 4 baths 1,640 sqft
Suggested offer$438,995$76,005 above the est. market value of $438,995.
View on Realtor.com →Listed by Leonor Cano-Garrido · A & G TEAM REALTY, LLC
Typetownhomes
Built1971
Price / sqft$314
Est. value (own analysis)$438,995
Rent estimate (own analysis)$3,400/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood8/10severe$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-06-18
Removed date—
MLSMiamiMLS #A12039699
Coordinates25.90039, -80.15257
Address13502 NE 24th Ct
CityNorth Miami
StateFL
Zip33181
Listing ID6261070391
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 | $515,000 |
| Down payment (20.0%) | $103,000 |
| Loan amount | $412,000 |
| Closing costs (5.0%) | $25,750 |
| Total cash to close | $128,750 |
| Income | |
| Rent (comp-derived) | $3,400$40,800 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,128$37,536 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $815$9,785 |
| Insurance (est. scaled by flood & wind risk) | $670$8,034 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $170$2,040 |
| Total operating expenses | $1,655$19,859 |
| 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) | $170$2,040 |
| 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 |
|---|---|---|---|---|---|---|---|
| townhomes | 3 | 3 | 1,500 | $5,000 | 2026-05-28 | — | |
| townhomes | 3 | 2 | 1,380 | $2,950 | 2026-03-23 | — | |
| townhomes | 3 | 3 | 1,570 | $3,400 | 2026-07-31 | — |
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 |
|---|---|---|---|---|---|---|
| 13503 NE 23rd Pl | townhomes | 3 | 2 | 1,640 | $475,000 | 2026-04-30 |
| 13507 NE 23rd Ct | townhomes | 3 | 2 | 1,640 | $284,000 | 2026-03-03 |
| 13514 NE 23rd Pl | townhomes | 3 | 2 | 1,640 | $468,000 | 2026-02-23 |
| 13509 NE 21st Ct Unit 13509 | townhomes | 3 | 3 | 1,640 | $410,000 | 2026-02-04 |
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 |
|---|---|---|---|---|---|---|
| 2411 Laguna Cir Unit 306 | condos | 3 | 3 | 1,569 | $1,798,000 | — |
| 1800 NE 114th St Apt 508 | condos | 3 | 3 | 1,950 | $290,000 | — |
| 2411 Laguna Cir Unit 701 | condos | 3 | 4 | 2,131 | $2,572,100 | — |
| 11111 Biscayne 2-4c or 427 Blvd Unit Tower | condos | 3 | 3 | 1,674 | $405,000 | — |
| 11113 Biscayne Blvd Unit 558 | condos | 3 | 3 | 2,749 | $899,000 | — |
| 1800 NE 114th St Apt 909 | condos | 3 | 3 | 2,320 | $450,000 | — |
| 1800 NE 114th St Apt 401 | condos | 3 | 3 | 1,950 | $320,000 | — |
| 13501 NE 23rd Ct | townhomes | 3 | 2 | 1,640 | $330,000 | — |
10-year hold projection
IRR1.8%
Equity multiple1.30x
Total return (10yr)$105,699
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $530,450 | $17,677 | -$16,134 | $407,533 | $122,917 |
| 2 | $546,364 | $18,307 | -$15,556 | $402,759 | $143,604 |
| 3 | $562,754 | $18,958 | -$14,957 | $397,658 | $165,097 |
| 4 | $579,637 | $19,631 | -$14,338 | $392,206 | $187,431 |
| 5 | $597,026 | $20,326 | -$13,697 | $386,380 | $210,646 |
| 6 | $614,937 | $21,046 | -$13,034 | $380,153 | $234,784 |
| 7 | $633,385 | $21,790 | -$12,348 | $373,500 | $259,886 |
| 8 | $652,387 | $22,558 | -$11,638 | $366,389 | $285,998 |
| 9 | $671,958 | $23,353 | -$10,904 | $358,790 | $313,169 |
| 10 | $692,117 | $24,175 | -$10,144 | $350,669 | $341,448 |
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.