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1390 NE 129th St

North Miami, FL 33161 · single_family · Pending — under contract · 36 days on market
Asking price$490,000
2 beds 2 baths 1,290 sqft
View on Realtor.com →
Listed by Daniel Robinson · Houwzer LLC
Typesingle_family
Built1950
Price / sqft$380
Est. value (own analysis)$661,280
Rent estimate (own analysis)$3,100/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood5/10major$Air2/10MinorWildfire1/10Minimal
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-07-28
Removed date—
MLSMiamiMLS #A12060739
Coordinates25.89433, -80.17071
Address1390 NE 129th St
CityNorth Miami
StateFL
Zip33161
Listing ID6290249624
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$490,000
Down payment (20.0%)$98,000
Loan amount$392,000
Closing costs (5.0%)$24,500
Total cash to close$122,500
Income
Rent (comp-derived)$3,100$37,200
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$37,200
Vacancy rate (assumption) assumption8.0%

$37,200 × 8.0% = $2,976

Effective gross income$2,852$34,224
Operating expenses
Property tax (placeholder 1.9% of price)$776$9,310
Insurance (est. scaled by flood & wind risk)$572$6,860
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$155$1,860
Total operating expenses$1,503$18,030
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$34,224
Total operating expenses derived$18,030

$34,224 − $18,030 = $16,194

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$392,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$392,000 amortized at 6.7% over 30 years = $2,519/mo

CapEx reserve (5.0% of GSR)$155$1,860
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$16,194
Annual debt service derived$30,229
Annual CapEx reserve assumption$1,860
Annual PMI assumption$0

($16,194 − $30,229 − $1,860 − $0) ÷ 12 = -$1,325

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$16,194
Purchase price data$490,000

$16,194 ÷ $490,000 = 3.3%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$15,895
Total cash to close derived$122,500

-$15,895 ÷ $122,500 = -13.0%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$16,194
Annual debt service derived$30,229

$16,194 ÷ $30,229 = 0.54

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$37,200
Purchase price data$490,000

($37,200 ÷ 12) ÷ $490,000 = 0.6%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$490,000
Gross scheduled rent (annual) comp$37,200

$490,000 ÷ $37,200 = 13.2

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$18,030
Effective gross income derived$34,224

$18,030 ÷ $34,224 = 52.7%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$18,030
Annual debt service derived$30,229
Annual PMI assumption$0
Gross scheduled rent (annual) comp$37,200

($18,030 + $30,229 + $0) ÷ $37,200 = 129.7%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family211,100$3,4952026-08-06—
single_family211,608$2,7502026-08-05—
single_family22900$2,1002026-07-12—
single_family211,718$2,3002026-07-30—
single_family23890$2,8502026-01-11—
single_family211,201$3,5002026-07-14—
single_family221,225$3,1002026-06-02—
single_family221,288$4,2502026-08-04—
single_family221,100$5,5002026-08-13—
single_family211,091$3,2002026-07-28—
single_family211,436$2,6752026-08-30—

14995 NE 9th Ave

Miami, 33161 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage1,100
Listed2026-08-06
Days on market—

Asking rent: $3,495

View on Zillow →

511 NE 110th Ter

Miami, 33161 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage1,608
Listed2026-08-05
Days on market—

Asking rent: $2,750

View on Zillow →

515 NE 150th St Apt 1

Miami, 33161 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage900
Listed2026-07-12
Days on market—

Asking rent: $2,100

View on Zillow →

11108 Peachtree Dr Unit 0

Miami, 33161 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage1,718
Listed2026-07-30
Days on market—

Asking rent: $2,300

View on Zillow →

987 NE 145th St Unit B

North Miami, 33161 · rent comp

Bedrooms / bathrooms2 bd / 3 ba
Square footage890
Listed2026-01-11
Days on market—

Asking rent: $2,850

View on Zillow →

455 NE 131st St Unit 1

North Miami, 33161 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage1,201
Listed2026-07-14
Days on market—

Asking rent: $3,500

View on Zillow →

535 NE 129th St

North Miami, 33161 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,225
Listed2026-06-02
Days on market—

Asking rent: $3,100

View on Zillow →

Biscayne Park, 33161 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,288
Listed2026-08-04
Days on market—

Asking rent: $4,250

View on Zillow →

12325 NE 11th Pl

North Miami, 33161 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,100
Listed2026-08-13
Days on market—

Asking rent: $5,500

View on Zillow →

1471 NE 132nd Rd

North Miami, 33161 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage1,091
Listed2026-07-28
Days on market—

Asking rent: $3,200

View on Zillow →

1526 NE 110th St Unit A

Miami, 33161 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage1,436
Listed2026-08-30
Days on market—

Asking rent: $2,675

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
1390 NE 129th Stsingle_family221,290$460,0002026-08-31
101 NE 107th Stsingle_family211,253$975,0002026-08-14
1008 NE 114th Stsingle_family21992$4,500,0002026-08-11
1315 NE 130th Stsingle_family211,330$619,9002026-08-06
14 NE 108th Stsingle_family221,519$895,0002026-07-27
936 NE 128th Stsingle_family221,623$975,0002026-07-24
73 NE 110th Stsingle_family221,588$820,0002026-07-22
530 NE 132nd Tersingle_family221,086$376,0002026-07-08
10821 NE 5th Avesingle_family211,032$550,0002026-07-07
11932 NE 8th Avesingle_family221,491$1,245,0002026-07-06
470 NE 110th Stsingle_family211,192$690,0002026-07-06
330 NE 108th Stsingle_family211,131$355,0002026-06-22
334 NE 107th Stsingle_family211,064$790,0002026-06-22
720 NE 143rd Stsingle_family211,536$490,0002026-06-18
10860 NE 11th Ctsingle_family221,235$350,0002026-06-16
985 NE 121st Stsingle_family211,188$555,0002026-06-11
13236 NE 4th Avesingle_family211,846$730,0002026-06-08
610 NE 115th Stsingle_family211,386$1,062,0002026-06-04
455 NE 111th Stsingle_family22968$672,0002026-05-27
1105 NE 112th Stsingle_family211,203$430,0002026-05-21
500 NE 135th Stsingle_family211,497$225,0002026-05-12
1007 NE 117th Stsingle_family211,201$900,0002026-04-24
690 NE 118th Stsingle_family21997$825,0002026-04-06
1065 NE 119th Stsingle_family21975$4,300,0002026-03-31
114 NE 107th Stsingle_family211,382$880,0002026-03-30
14745 N Spur Drsingle_family221,665$1,075,0002026-03-19
505 NE 132nd Tersingle_family211,364$530,0002026-03-03
1030 NE 132nd Stsingle_family211,391$545,0002026-02-13
763 NE 140th Stsingle_family211,110$331,0002026-02-13
1530 NE 132nd Rdsingle_family21890$330,0002026-01-29
10825 Peachtree Drsingle_family221,503$840,0002026-01-21
511 NE 133rd Stsingle_family211,270$369,0002026-01-21
13751 NE 1st Avesingle_family211,929$800,0002026-01-20
740 NE 121st Stsingle_family211,304$780,0002026-01-15
811 NE 139th Stsingle_family211,100$325,0002026-01-08
1580 NE 141st Stsingle_family21858$380,0002025-12-30
37 NE 110th Stsingle_family221,422$700,0002025-12-23
1131 NE 129th Stsingle_family211,308$549,9002025-12-22
11705 NE 11th Avesingle_family221,128$574,0002025-12-02
13075 NE 4th Avesingle_family221,330$715,9002025-12-02
138 NE 109th Stsingle_family231,628$950,0002025-11-26
12845 NE 4th Avesingle_family21832$450,0002025-11-24

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
10860 NE 11th Avesingle_family211,021$825,000—
1289 NE 146th Stsingle_family21591$699,999—
14241 Memorial Highway 9Fcondos221,182$264,995—
1350 NE 119th St Unit 135021condos22952$165,000—
1251 NE 108th St Apt 423condos221,010$250,000—
274 NE 141st St Unit 3Ctownhomes221,200$250,000—
14310 NE 5th Plsingle_family221,160$330,000—
14225 Memorial Hwy # 1Ftownhomes221,182$295,000—

10-year hold projection

IRR1.5%
Equity multiple1.25x
Total return (10yr)$94,087
YearProperty valueNOICash flowLoan balanceEquity
1$504,700$16,194-$15,895$387,750$116,950
2$519,841$16,770-$15,366$383,208$136,633
3$535,436$17,365-$14,818$378,354$157,082
4$551,499$17,981-$14,251$373,167$178,333
5$568,044$18,618-$13,665$367,623$200,421
6$585,086$19,276-$13,058$361,699$223,387
7$602,638$19,956-$12,430$355,368$247,270
8$620,717$20,659-$11,781$348,602$272,115
9$639,339$21,386-$11,109$341,372$297,967
10$658,519$22,138-$10,415$333,645$324,874
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.