Miami, FL 33161 · multi_family · For Sale · 146 days on market
Asking price$1,100,000
5 beds 3 baths — sqft
Suggested offer$715,000$385,000 above the est. market value of $715,000.
View on Realtor.com →Listed by Michele Lubin · Global Luxury Realty LLC
Typemulti_family
Built1955
Price / sqft—
Est. value (own analysis)$715,000
Rent estimate (building total, own analysis)$7,114/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood8/10severe$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-04-10
Removed date—
MLSMiamiMLS #A11994700
Coordinates25.88442, -80.16766
Address
CityMiami
StateFL
Zip33161
Listing ID6266775229
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 | $1,100,000 |
| Down payment (20.0%) | $220,000 |
| Loan amount | $880,000 |
| Closing costs (5.0%) | $55,000 |
| Total cash to close | $275,000 |
| Income | |
| Rent (estimate) | $7,114$85,365 |
| Vacancy loss (8.0%) | |
| Effective gross income | $6,545$78,536 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,742$20,900 |
| Insurance (est. scaled by flood & wind risk) | $1,430$17,160 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $356$4,268 |
| Total operating expenses | $3,527$42,328 |
| 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) | $356$4,268 |
| 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 | — |
| 161 NE 117th St | multi_family | 5 | 3 | 2,138 | $825,000 | — |
| 1053 NE 149th St | single_family | 5 | 5 | 600 | $449,000 | — |
| 1230 NE 148th St | multi_family | 5 | 3 | 1,920 | $685,000 | — |
10-year hold projection
IRR1.5%
Equity multiple1.24x
Total return (10yr)$208,981
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,133,000 | $36,208 | -$35,922 | $870,459 | $262,541 |
| 2 | $1,166,990 | $37,505 | -$34,731 | $860,262 | $306,728 |
| 3 | $1,202,000 | $38,848 | -$33,498 | $849,366 | $352,634 |
| 4 | $1,238,060 | $40,235 | -$32,223 | $837,721 | $400,339 |
| 5 | $1,275,201 | $41,670 | -$30,903 | $825,276 | $449,925 |
| 6 | $1,313,458 | $43,154 | -$29,537 | $811,977 | $501,480 |
| 7 | $1,352,861 | $44,688 | -$28,123 | $797,765 | $555,096 |
| 8 | $1,393,447 | $46,274 | -$26,661 | $782,576 | $610,871 |
| 9 | $1,435,251 | $47,914 | -$25,148 | $766,345 | $668,905 |
| 10 | $1,478,308 | $49,609 | -$23,583 | $748,999 | $729,309 |
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.