2800 NW 48th St
Miami, FL 33142 · multi_family · For Sale · 293 days on market
Asking price$660,000
6 beds 2 baths 2,256 sqft
Suggested offer$629,819$30,181 above the est. market value of $629,819.
View on Realtor.com →Listed by Etienne Carmenaty · Carmena & Associates Realty Group
Typemulti_family
Built2004
Price / sqft$293
Est. value (own analysis)$629,819
Rent estimate (building total, own analysis)$5,663/mo
HOANone
1 / 2
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Statusfor_sale
Listed date2025-11-13
Removed date—
MLSMiamiMLS #A11913807
Coordinates25.81805, -80.24222
Address2800 NW 48th St
CityMiami
StateFL
Zip33142
Listing ID6287134631
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33142)
Typical home value (ZHVI)$430,103
Typical rent (ZORI)$2,350/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 | $660,000 |
| Down payment (20.0%) | $132,000 |
| Loan amount | $528,000 |
| Closing costs (5.0%) | $33,000 |
| Total cash to close | $165,000 |
| Income | |
| Rent (estimate) | $5,663$67,951 |
| Vacancy loss (8.0%) | |
| Effective gross income | $5,210$62,515 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,045$12,540 |
| Insurance (placeholder 0.8% of price) | $440$5,280 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $283$3,398 |
| Total operating expenses | $1,768$21,218 |
| 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) | $283$3,398 |
| 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 |
|---|---|---|---|---|---|---|
| 1247 NW 28th St | multi_family | 6 | 4 | 2,316 | $591,000 | 2026-07-31 |
| 2512 NW 13th Ave | multi_family | 6 | 2 | 1,764 | $580,000 | 2026-04-21 |
| 2180 NW 59th St | multi_family | 6 | 2 | 1,988 | $555,000 | 2026-01-26 |
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 |
|---|---|---|---|---|---|---|
| 2180 NW 30th St | multi_family | 6 | 5 | 2,652 | $600,000 | — |
| 5859 NW 13th Ave | multi_family | 6 | 4 | 2,300 | $750,000 | — |
| 1243 NW 29th Ter | multi_family | 6 | 3 | 1,792 | $775,000 | — |
| 1864 NW 28th St | multi_family | 6 | 4 | 3,200 | $1,375,000 | — |
| 4491 NW 23rd Ave | multi_family | 6 | 4 | 2,184 | $755,000 | — |
| 2323 NW 55th Ter | multi_family | 6 | 6 | 2,400 | $795,000 | — |
| 1895 NW 47th Ter | multi_family | 6 | 4 | 2,300 | $795,000 | — |
| 3376 NW 49th St | multi_family | 6 | 3 | 1,926 | $650,000 | — |
10-year hold projection
IRR9.8%
Equity multiple2.53x
Total return (10yr)$339,305
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $679,800 | $41,297 | -$2,817 | $522,275 | $157,525 |
| 2 | $700,194 | $42,642 | -$1,557 | $516,157 | $184,037 |
| 3 | $721,200 | $44,030 | -$256 | $509,620 | $211,580 |
| 4 | $742,836 | $45,462 | $1,087 | $502,633 | $240,203 |
| 5 | $765,121 | $46,941 | $2,474 | $495,166 | $269,955 |
| 6 | $788,075 | $48,466 | $3,905 | $487,186 | $300,888 |
| 7 | $811,717 | $50,040 | $5,383 | $478,659 | $333,058 |
| 8 | $836,068 | $51,664 | $6,909 | $469,546 | $366,522 |
| 9 | $861,150 | $53,340 | $8,484 | $459,807 | $401,343 |
| 10 | $886,985 | $55,070 | $10,110 | $449,400 | $437,585 |
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.