11515 NE 12th Ave
Miami, FL 33161 · multi_family · For Sale · 218 days on market
Asking price$880,000
6 beds 2 baths 2,331 sqft
Suggested offer$854,708$25,292 above the est. market value of $854,708.
View on Realtor.com →Listed by Monica More-Urrutia · Beachfront Realty Inc
Typemulti_family
Built1960
Price / sqft$378
Est. value (own analysis)$854,708
Rent estimate (building total, own analysis)$5,439/mo
HOANone
1 / 16
Show every detail
Statusfor_sale
Listed date2026-01-27
Removed date—
MLSMiamiMLS #A11954020
Coordinates25.88205, -80.17379
Address11515 NE 12th Ave
CityMiami
StateFL
Zip33161
Listing ID6276837033
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 | $880,000 |
| Down payment (20.0%) | $176,000 |
| Loan amount | $704,000 |
| Closing costs (5.0%) | $44,000 |
| Total cash to close | $220,000 |
| Income | |
| Rent (estimate) | $5,439$65,268 |
| Vacancy loss (8.0%) | |
| Effective gross income | $5,004$60,047 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,393$16,720 |
| Insurance (placeholder 0.8% of price) | $587$7,040 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $272$3,263 |
| Total operating expenses | $2,252$27,023 |
| 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) | $272$3,263 |
| 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.
Widened to any bedroom count in ZIP. 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 |
|---|---|---|---|---|---|---|
| 525 NE 132nd Ter | multi_family | — | — | 2,168 | $715,000 | 2026-08-28 |
| 1015 NE 112th St | multi_family | — | — | 1,626 | $927,800 | 2026-08-28 |
| 14615 NE 14th Ave | multi_family | — | — | 1,920 | $640,000 | 2026-08-25 |
| 11003 NE 12th Ave | multi_family | 4 | 3 | 1,924 | $722,000 | 2026-08-11 |
| 11310 E Peachtree Dr | multi_family | — | — | 1,204 | $565,000 | 2026-08-10 |
| 1371 NE 150th St | multi_family | 4 | 2 | 1,500 | $545,000 | 2026-07-06 |
| 655 NE 135th St | multi_family | — | — | 2,892 | $600,000 | 2026-06-26 |
| 1297 NE 110th Ter | multi_family | 3 | 3 | 1,970 | $895,000 | 2026-05-28 |
| 1376 NE 111th St # 2 | multi_family | 4 | 4 | 1,749 | $700,000 | 2026-05-19 |
| 11020 NE 10th Ave | multi_family | 4 | 2 | 1,805 | $855,000 | 2026-05-15 |
| 1380 NE 111th St | multi_family | — | — | 1,749 | $700,000 | 2026-05-13 |
| 11741 NE 13th Ave | multi_family | — | — | 808 | $341,000 | 2026-05-08 |
| 1490 NE 110th Ter | multi_family | 4 | 4 | 1,584 | $400,000 | 2026-04-23 |
| 1555 NE 148th St | multi_family | 5 | 3 | 1,967 | $660,000 | 2026-04-22 |
| 11812 NE 14th Ave | multi_family | — | — | 2,614 | $805,000 | 2026-04-22 |
| 1183 NE 111th St | multi_family | 8 | 6 | 3,136 | $981,500 | 2026-04-20 |
| 1560 NE 130th St | multi_family | 4 | 2 | 1,900 | $350,000 | 2026-04-15 |
| 1185 NE 111th St | multi_family | — | — | 3,136 | $990,000 | 2026-04-03 |
| 210 NE 110th St | multi_family | — | — | 1,198 | $650,000 | 2026-03-30 |
| 1296 NE 112th St | multi_family | 4 | 2 | 1,920 | $805,000 | 2026-03-23 |
| 14443 S Biscayne River Rd | multi_family | 5 | 2 | 2,384 | $768,000 | 2026-03-19 |
| 11105 NE 9th Ave # 0 | multi_family | 4 | 2 | 1,690 | $875,000 | 2026-03-02 |
| 15003 NE 8th Ave | multi_family | 6 | 1 | 2,130 | $905,000 | 2026-02-26 |
| 1550 NE 118th Ter | multi_family | 4 | 4 | 1,848 | $680,000 | 2026-02-26 |
| 11105 NE 9th Ave | multi_family | — | — | 1,690 | $875,000 | 2026-02-19 |
| 12345 NE 11th Ct | multi_family | — | — | 2,422 | $867,500 | 2026-02-18 |
| 11221 NE 9th Ct | multi_family | — | — | 1,460 | $860,000 | 2026-02-03 |
| 780 NE 127th St | multi_family | 5 | 5 | 3,780 | $715,000 | 2026-01-21 |
| 1521 NE 131st St | multi_family | — | — | 1,560 | $570,000 | 2026-01-05 |
| 266 NE 111th St | multi_family | — | — | 1,724 | $560,000 | 2025-12-31 |
| 960 NE 121st St | multi_family | — | — | 1,487 | $625,000 | 2025-12-31 |
| 643-645 NE 149th St | multi_family | — | — | 2,594 | $675,000 | 2025-12-26 |
| 14501 NE 14th Ave | multi_family | 10 | — | 3,900 | $1,458,000 | 2025-12-23 |
| 12400 NE 11th Ct | multi_family | — | — | 3,784 | $1,420,000 | 2025-12-22 |
| 1291 NE 146th St | multi_family | 2 | — | 1,128 | $540,000 | 2025-12-18 |
| 1051 NE 149th St | multi_family | 4 | 2 | 2,765 | $60,000 | 2025-12-15 |
| 570 NE 145th St | multi_family | 7 | 7 | 3,780 | $1,085,000 | 2025-12-04 |
| 555 NE 149th St | multi_family | 8 | 4 | 5,724 | $1,320,000 | 2025-12-04 |
| 1371 NE 110th Ter | multi_family | — | — | 1,624 | $665,000 | 2025-11-25 |
| 1350 NE 146th St | multi_family | 4 | 4 | 2,310 | $460,000 | 2025-11-17 |
| 14600 NE 14th Ave | multi_family | — | — | 1,565 | $600,000 | 2025-10-20 |
| 1315 NE 146th St | multi_family | — | — | 1,780 | $650,000 | 2025-10-17 |
| 520 NE 137th St | multi_family | — | — | 2,600 | $710,000 | 2025-10-16 |
| 1540 NE 118th St | multi_family | 2 | 2 | 1,720 | $685,000 | 2025-10-14 |
| 1085 NE 126th St | multi_family | — | — | 2,392 | $750,000 | 2025-10-08 |
| 660 NE 132nd St | multi_family | 3 | 3 | 1,648 | $435,000 | 2025-10-07 |
| 670 NE 132nd St | multi_family | 3 | 2 | 1,296 | $610,000 | 2025-10-07 |
| 1236 NE 109th St | multi_family | — | — | 1,950 | $800,000 | 2025-09-29 |
| 580 NE 139th St | multi_family | — | — | 1,431 | $535,000 | 2025-09-17 |
| 1330 NE 117th Ter | multi_family | 6 | 4 | 2,300 | $755,000 | 2025-09-17 |
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 |
|---|---|---|---|---|---|---|
| 335 NE 114th St | multi_family | 6 | 4 | 1,881 | $850,000 | — |
| 437 NE 107th St | single_family | 6 | 4 | 2,360 | $1,150,000 | — |
| 13980 NE 2nd Ct | multi_family | 6 | 6 | 905 | $1,100,000 | — |
| 259 NE 111th St | multi_family | 6 | 4 | 1,762 | $679,000 | — |
| 14760 S Spur Dr | single_family | 6 | 3 | 1,970 | $899,849 | — |
| 1563 NE 148th St | multi_family | 6 | 4 | 2,670 | $660,000 | — |
| 14801-03 NE 7th Ave | multi_family | 6 | 4 | 2,356 | $680,000 | — |
| 14155 NE 14th Ave | multi_family | 6 | 3 | 2,304 | $675,000 | — |
10-year hold projection
IRR2.8%
Equity multiple1.45x
Total return (10yr)$213,607
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $906,400 | $33,023 | -$24,529 | $696,367 | $210,033 |
| 2 | $933,592 | $34,149 | -$23,485 | $688,210 | $245,382 |
| 3 | $961,600 | $35,312 | -$22,406 | $679,493 | $282,107 |
| 4 | $990,448 | $36,513 | -$21,290 | $670,177 | $320,271 |
| 5 | $1,020,161 | $37,754 | -$20,137 | $660,222 | $359,940 |
| 6 | $1,050,766 | $39,036 | -$18,945 | $649,582 | $401,184 |
| 7 | $1,082,289 | $40,360 | -$17,714 | $638,213 | $444,076 |
| 8 | $1,114,758 | $41,727 | -$16,441 | $626,062 | $488,696 |
| 9 | $1,148,200 | $43,140 | -$15,125 | $613,077 | $535,123 |
| 10 | $1,182,646 | $44,599 | -$13,766 | $599,200 | $583,446 |
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.