2700 NE 135th St Apt 31
North Miami, FL 33181 · multi_family · For Sale · 175 days on market
Asking price$250,000
1 beds 1 baths 640 sqft
Suggested offer$160,576$89,424 above the est. market value of $160,576.
View on Realtor.com →Listed by Stanley Rosen · The Keyes Company
Typemulti_family
Built1957
Price / sqft$391
Est. value (Zillow, adjusted)$160,576
Rent estimate (building total, own analysis)$2,192/mo
HOA$485/mo
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Statusfor_sale
Listed date2026-03-11
Removed date—
MLSBeachesMLS #F10552196
Coordinates25.90081, -80.14306
Address2700 NE 135th St Apt 31
CityNorth Miami
StateFL
Zip33181
Listing ID6313820714
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 | $250,000 |
| Down payment (20.0%) | $50,000 |
| Loan amount | $200,000 |
| Closing costs (5.0%) | $12,500 |
| Total cash to close | $62,500 |
| Income | |
| Rent (estimate) | $2,192$26,301 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,016$24,197 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $396$4,750 |
| Insurance (placeholder 0.8% of price) | $167$2,000 |
| HOA dues | $485$5,820 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $110$1,315 |
| Total operating expenses | $1,157$13,885 |
| 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) | $110$1,315 |
| 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 |
|---|---|---|---|---|---|---|
| 1640 NE 145th St | multi_family | 6 | 4 | 3,216 | $175,000 | 2025-12-24 |
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.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 11111 Biscayne Blvd Unit 1000 | condos | 1 | 2 | 861 | $145,000 | — |
| 1650 NE 115th St Apt 403 | condos | 1 | 2 | 710 | $215,000 | — |
| 2411 Laguna Cir Unit 2010 | condos | 1 | 2 | 962 | $1,385,000 | — |
| 1650 NE 115th St Apt 103 | condos | 1 | 2 | 710 | $214,000 | — |
| 1701 NE 115th St Unit 1A | condos | 1 | 1 | 776 | $244,900 | — |
| 1800 NE 114th St Apt 2204 | condos | 1 | 3 | 2,320 | $700,000 | — |
| 2411 Laguna Cir Unit 2307 | condos | 1 | 2 | 962 | $1,033,200 | — |
| 1650 NE 115th St Apt 208 | condos | 1 | 1 | 710 | $140,000 | — |
10-year hold projection
IRR3.6%
Equity multiple1.58x
Total return (10yr)$68,622
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $257,500 | $10,312 | -$6,426 | $197,832 | $59,668 |
| 2 | $265,225 | $10,691 | -$6,080 | $195,514 | $69,711 |
| 3 | $273,182 | $11,083 | -$5,722 | $193,038 | $80,144 |
| 4 | $281,377 | $11,488 | -$5,351 | $190,391 | $90,986 |
| 5 | $289,819 | $11,908 | -$4,967 | $187,563 | $102,255 |
| 6 | $298,513 | $12,341 | -$4,569 | $184,541 | $113,972 |
| 7 | $307,468 | $12,790 | -$4,158 | $181,311 | $126,158 |
| 8 | $316,693 | $13,254 | -$3,732 | $177,859 | $138,834 |
| 9 | $326,193 | $13,735 | -$3,291 | $174,170 | $152,023 |
| 10 | $335,979 | $14,231 | -$2,834 | $170,228 | $165,751 |
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.