936 NE 132nd St

North Miami, FL 33161 · single_family · For Sale · 504 days on market
Asking price$590,000
3 beds 2 baths 1,295 sqft
Suggested offer$583,410$6,590 above the est. market value of $583,410.
View on Realtor.com →
Listed by Dahiana Rojas · Canvas Real Estate
Typesingle_family
Built1940
Price / sqft$456
Est. value (own analysis)$583,410
Rent estimate (own analysis)$4,975/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood5/10major$Air2/10MinorWildfire1/10Minimal
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Neighborhood

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Statusfor_sale
Listed date2025-04-16
Removed date
MLSMiamiMLS #A11784065
Coordinates25.89669, -80.17990
Address936 NE 132nd St
CityNorth Miami
StateFL
Zip33161
Listing ID6317155634
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)

Purchase price$590,000
Down payment (20.0%)$118,000
Loan amount$472,000
Closing costs (5.0%)$29,500
Total cash to close$147,500
Rent (comp-derived)$4,975$59,694
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$59,694
Vacancy rate (assumption) assumption8.0%

$59,694 × 8.0% = $4,776

Effective gross income$4,577$54,918
Property tax (placeholder 1.9% of price)$934$11,210
Insurance (est. scaled by flood & wind risk)$688$8,260
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$249$2,985
Total operating expenses$1,871$22,455
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$54,918
Total operating expenses derived$22,455

$54,918 − $22,455 = $32,464

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$472,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$472,000 amortized at 6.7% over 30 years = $3,033/mo

CapEx reserve (5.0% of GSR)$249$2,985
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$32,464
Annual debt service derived$36,398
Annual CapEx reserve assumption$2,985
Annual PMI assumption$0

($32,464 − $36,398 − $2,985 − $0) ÷ 12 = -$577

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$32,464
Purchase price data$590,000

$32,464 ÷ $590,000 = 5.5%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$6,919
Total cash to close derived$147,500

-$6,919 ÷ $147,500 = -4.7%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$32,464
Annual debt service derived$36,398

$32,464 ÷ $36,398 = 0.89

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$59,694
Purchase price data$590,000

($59,694 ÷ 12) ÷ $590,000 = 0.8%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$590,000
Gross scheduled rent (annual) comp$59,694

$590,000 ÷ $59,694 = 9.9

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$22,455
Effective gross income derived$54,918

$22,455 ÷ $54,918 = 40.9%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$22,455
Annual debt service derived$36,398
Annual PMI assumption$0
Gross scheduled rent (annual) comp$59,694

($22,455 + $36,398 + $0) ÷ $59,694 = 98.6%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family321,706$3,8002026-08-20
single_family321,594$6,5002026-08-17
single_family321,158$5,9002026-08-13
single_family321,520$4,9992026-06-25
single_family321,602$12,0002026-05-31
single_family321,588$5,9502026-05-13
single_family321,500$5,5002026-05-04
single_family321,740$6,9502026-08-01
single_family321,640$5,0002026-08-27
single_family321,592$5,5002026-08-27
single_family321,542$3,2502026-05-23
single_family311,250$3,3002026-05-26
single_family321,468$5,9502026-07-17
single_family331,579$5,9502026-08-23
single_family331,500$4,2002026-08-26
single_family311,224$4,9002026-04-22
single_family311,015$3,0002026-08-04
single_family331,654$6,0002026-08-11
single_family3141,328$4,9502026-08-12
single_family321,661$3,9002026-08-17
single_family321,430$3,6502026-06-08
single_family321,612$4,0002026-08-09
single_family321,450$3,550
single_family321,275$2,800
single_family331,745$6,200
single_family331,579$5,990
single_family321,677$4,200
single_family321,482$3,6002026-09-01

14500 NE 5th Ct

Miami, 33161 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,706
Listed2026-08-20
Days on market

Asking rent: $3,800

View on Zillow →

125 NE 150th St

Miami, 33161 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,594
Listed2026-08-17
Days on market

Asking rent: $6,500

View on Zillow →

10901 NE 3rd Ave

Miami, 33161 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,158
Listed2026-08-13
Days on market

Asking rent: $5,900

View on Zillow →

475 NE 113th St

Miami, 33161 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,520
Listed2026-06-25
Days on market

Asking rent: $4,999

View on Zillow →

13800 NE 1st Ave

Miami, 33161 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,602
Listed2026-05-31
Days on market

Asking rent: $12,000

View on Zillow →

357 NE 117th St

Miami, 33161 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,588
Listed2026-05-13
Days on market

Asking rent: $5,950

View on Zillow →

360 NE 116th St

Miami, 33161 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,500
Listed2026-05-04
Days on market

Asking rent: $5,500

View on Zillow →

10801 Peachtree Dr

Miami, 33161 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,740
Listed2026-08-01
Days on market

Asking rent: $6,950

View on Zillow →

435 NE 114th St

Miami, 33161 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,640
Listed2026-08-27
Days on market

Asking rent: $5,000

View on Zillow →

431 NE 146th Ter

Miami, 33161 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,592
Listed2026-08-27
Days on market

Asking rent: $5,500

View on Zillow →

13485 NE 9th Ave

North Miami, 33161 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,542
Listed2026-05-23
Days on market

Asking rent: $3,250

View on Zillow →

1130 NE 143rd St

North Miami, 33161 · rent comp

Bedrooms / bathrooms3 bd / 1 ba
Square footage1,250
Listed2026-05-26
Days on market

Asking rent: $3,300

View on Zillow →

1581 NE 131st Rd

North Miami, 33161 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,468
Listed2026-07-17
Days on market

Asking rent: $5,950

View on Zillow →

1030 NE 107th St Unit 1030

Miami Shores, 33161 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,579
Listed2026-08-23
Days on market

Asking rent: $5,950

View on Zillow →

1545 NE 138th St

North Miami, 33161 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,500
Listed2026-08-26
Days on market

Asking rent: $4,200

View on Zillow →

11222 NE 9th Ave

Biscayne Park, 33161 · rent comp

Bedrooms / bathrooms3 bd / 1 ba
Square footage1,224
Listed2026-04-22
Days on market

Asking rent: $4,900

View on Zillow →

14280 NE 11th Ave

North Miami, 33161 · rent comp

Bedrooms / bathrooms3 bd / 1 ba
Square footage1,015
Listed2026-08-04
Days on market

Asking rent: $3,000

View on Zillow →

850 NE 127th St

North Miami, 33161 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,654
Listed2026-08-11
Days on market

Asking rent: $6,000

View on Zillow →

801 NE 144th St

North Miami, 33161 · rent comp

Bedrooms / bathrooms3 bd / 14 ba
Square footage1,328
Listed2026-08-12
Days on market

Asking rent: $4,950

View on Zillow →

12140 NE Miami Ct

North Miami, 33161 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,661
Listed2026-08-17
Days on market

Asking rent: $3,900

View on Zillow →

13100 NE 3rd Ct Unit 1

North Miami, 33161 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,430
Listed2026-06-08
Days on market

Asking rent: $3,650

View on Zillow →

12547 NE 4th Ave Unit 1

North Miami, 33161 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,612
Listed2026-08-09
Days on market

Asking rent: $4,000

View on Zillow →

1212 NE 121st St

Biscayne Park, 33161 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,450
Listed
Days on market

Asking rent: $3,550

View on Zillow →

14215 NE 9th Ave # 14215

North Miami, 33161 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,275
Listed
Days on market

Asking rent: $2,800

View on Zillow →

750 NE 120th St

Biscayne Park, 33161 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,745
Listed
Days on market

Asking rent: $6,200

View on Zillow →

1030 NE 107th St # 0

Miami Shores, 33161 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,579
Listed
Days on market

Asking rent: $5,990

View on Zillow →

475 NE 142nd St

North Miami, 33161 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,677
Listed
Days on market

Asking rent: $4,200

View on Zillow →

30 NE 125th St

North Miami, 33161 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,482
Listed2026-09-01
Days on market

Asking rent: $3,600

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
101 NE 110th Stsingle_family321,691$1,115,0002026-08-31
1390 NE 150th Stsingle_family32900$510,0002026-08-28
11534 NE 13th Avesingle_family321,662$700,0002026-08-28
190 NE 121st Tersingle_family321,872$540,0002026-08-27
50 NE 110th Stsingle_family321,822$1,240,0002026-08-26
351 NE 117th Stsingle_family321,371$750,0002026-08-26
1075 NE 120th Stsingle_family31816$907,0002026-08-26
870 NE 144th Stsingle_family321,282$550,0002026-08-17
700 NE 118th Stsingle_family321,800$800,0002026-08-13
730 NE 116th Stsingle_family342,789$1,399,0002026-08-13
12660 Griffing Blvdsingle_family321,954$870,0002026-08-11
1335 NE 133rd Stsingle_family311,387$710,0002026-08-06
842 NE 117th Stsingle_family321,668$712,5002026-08-06
560 NE 110th Tersingle_family331,490$695,0002026-08-05
286 NE 107th Stsingle_family322,030$1,080,0002026-07-28
1080 NE 145th Stsingle_family311,330$530,0002026-07-27
1100 NE 129th Stsingle_family322,050$440,0002026-07-24
955 NE 128th Stsingle_family311,421$620,0002026-07-20
895 NE 129th Stsingle_family311,245$655,0002026-07-20
665 NE 117th Stsingle_family322,460$1,225,0002026-07-15
1240 NE 131st Stsingle_family321,431$557,0002026-07-15
2 NE 110th Stsingle_family322,056$920,0002026-07-15
725 NE 144th Stsingle_family322,182$630,0002026-07-13
1375 NE 130th Stsingle_family321,138$545,0002026-07-10
120 NE 123rd Stsingle_family321,633$575,0002026-07-09
269 NE 110th Tersingle_family321,452$540,0002026-06-30
11400 NE 9th Avesingle_family321,761$1,010,0002026-06-29
1110 NE 130th Stsingle_family321,369$722,0002026-06-26
1430 NE 149th Stsingle_family321,384$723,0002026-06-12
887 NE 145th Stsingle_family321,686$565,0002026-06-12
1201 NE 144th Stsingle_family321,220$525,0002026-06-12
1385 NE 130th Stsingle_family321,400$550,0002026-06-12
430 NE 110th Tersingle_family321,010$415,0002026-06-12
720 NE 117th Stsingle_family321,622$857,5002026-06-10
795 NE 146th Stsingle_family321,294$550,0002026-06-05
14715 N Spur Drsingle_family322,096$825,0002026-05-29
950 NE 113th Stsingle_family321,884$1,062,0002026-05-29
1256 NE 149th Stsingle_family32875$440,0002026-05-22
1300 NE 137th Stsingle_family321,173$350,0002026-05-21
281 NE 112th Stsingle_family321,401$665,0002026-05-18
275 NE 115th Stsingle_family321,340$649,9002026-05-18
707 NE 113th Stsingle_family321,841$835,0002026-05-15
501 NE 110th Tersingle_family322,375$580,0002026-05-14
871 NE 128th Stsingle_family331,900$1,275,0002026-05-07
11377 W Biscayne Canal Rdsingle_family332,002$1,800,0002026-05-07
354 NE 126th Stsingle_family321,882$670,0002026-05-05
530 NE 110th Tersingle_family321,234$585,0002026-05-01
640 NE 115th Stsingle_family321,488$938,0002026-04-30
830 NE 140th Stsingle_family321,466$520,0002026-04-27
1045 NE 135th Stsingle_family321,938$490,0002026-04-27

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
10901 NE 3rd Avesingle_family321,158$1,149,999
480 NE 109th Stsingle_family331,808$1,015,000
1065 NE 107th Stsingle_family321,498$750,000
1566 NE 110th Stsingle_family321,136$810,000
1390 NE 150th Stsingle_family32900$510,000
395 NE 112th Stsingle_family321,008$570,000
11150 Peachtree Drsingle_family321,114$625,000
1258 NE 109th Stsingle_family321,861$648,995

10-year hold projection

IRR7.6%
Equity multiple2.20x
Total return (10yr)$253,762
YearProperty valueNOICash flowLoan balanceEquity
1$607,700$32,464-$6,919$466,882$140,818
2$625,931$33,550-$5,908$461,413$164,518
3$644,709$34,672-$4,863$455,569$189,140
4$664,050$35,830-$3,783$449,323$214,727
5$683,972$37,025-$2,668$442,648$241,323
6$704,491$38,260-$1,515$435,515$268,976
7$725,626$39,535-$325$427,892$297,733
8$747,394$40,851$905$419,746$327,649
9$769,816$42,210$2,175$411,040$358,776
10$792,911$43,613$3,487$401,736$391,175
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.