7645 NE 1st Ave
Miami, FL 33138 · single_family · For Sale · 61 days on market
Asking price$474,900
0 beds — baths 1,557 sqft
Listed by Vilma Mansur, PA · Berkshire Hathaway HomeServices Florida Realty
Typesingle_family
Built1926
Price / sqft$305
Est. value (own analysis)$1,095,770
Rent estimate (own analysis)$1,100/mo
HOANone
1 / 2
Show every detail
Statusfor_sale
Listed date2026-07-04
Removed date—
MLSBeachesMLS #B26048611
Coordinates25.84559, -80.19499
Address7645 NE 1st Ave
CityMiami
StateFL
Zip33138
Listing ID6341621169
Sourceus-real-estate-listings, cached 2026-08-30
ZIP market snapshot (33138)
Typical home value (ZHVI)$806,988
Typical rent (ZORI)$2,367/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 | $474,900 |
| Down payment (20.0%) | $94,980 |
| Loan amount | $379,920 |
| Closing costs (5.0%) | $23,745 |
| Total cash to close | $118,725 |
| Income | |
| Rent (comp-derived) | $1,100$13,200 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,012$12,144 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $752$9,023 |
| Insurance (placeholder 0.8% of price) | $317$3,799 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $55$660 |
| Total operating expenses | $1,124$13,482 |
| 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) | $55$660 |
| 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
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| single_family | 0 | 1 | — | $1,400 | 2026-08-20 | — | |
| single_family | 0 | 1 | — | $1,000 | 2026-08-17 | — | |
| single_family | 0 | 1 | 600 | $1,300 | 2026-07-26 | — | |
| single_family | 0 | 1 | 300 | $800 | 2026-06-09 | — | |
| single_family | 0 | 1 | 1,395 | $1,400 | 2026-06-02 | — | |
| single_family | 0 | 1 | — | $1,050 | 2026-08-03 | — | |
| single_family | 0 | — | 2,601 | $1,100 | 2026-07-29 | — |
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 |
|---|---|---|---|---|---|---|
| 1001 NE 86th St | single_family | 3 | 3 | 2,216 | $1,640,000 | 2026-09-01 |
| 101 NE 63rd St | single_family | 3 | 1 | 1,128 | $395,000 | 2026-08-31 |
| 870 NE 97th St | single_family | 3 | 3 | 1,479 | $1,015,000 | 2026-08-31 |
| 1450 NE 102nd St | single_family | 3 | 3 | 2,534 | $1,750,000 | 2026-08-31 |
| 790 NE 96th St | single_family | 3 | 4 | 1,419 | $1,250,000 | 2026-08-31 |
| 10570 NE 3rd Ave | single_family | 3 | 3 | 2,400 | $1,520,000 | 2026-08-28 |
| 601 NE 105th St | single_family | 3 | 2 | 2,730 | $950,000 | 2026-08-26 |
| 500 NE 95th St | single_family | 2 | 1 | 1,462 | $800,000 | 2026-08-25 |
| 830 NE 83rd St | single_family | 3 | 2 | 1,494 | $930,000 | 2026-08-25 |
| 475 NE 91st St | single_family | 3 | 2 | 1,920 | $1,230,000 | 2026-08-21 |
| 9805 NE 4th Avenue Rd | single_family | 3 | 2 | 1,217 | $1,025,000 | 2026-08-21 |
| 9301 N Bayshore Dr | single_family | 4 | 5 | 4,225 | $8,000,000 | 2026-08-18 |
| 1140 NE 87th St | single_family | 3 | 3 | 2,123 | $2,400,000 | 2026-08-14 |
| 1031 NE 72nd St | single_family | 3 | 2 | 2,149 | $2,250,000 | 2026-08-13 |
| 436 NE 88th St | single_family | 5 | 2 | 2,324 | $2,050,000 | 2026-08-12 |
| 6329 NE 1st Ave | single_family | 2 | 1 | 827 | $210,000 | 2026-08-12 |
| 1106 NE 86th St | single_family | 3 | 2 | 2,072 | $1,200,000 | 2026-08-11 |
| 360 NE 91st St | single_family | 3 | 3 | 2,042 | $1,900,000 | 2026-08-10 |
| 454 NE 76th St | single_family | 3 | 2 | 970 | $821,000 | 2026-08-10 |
| 10610 NE 11th Ave | single_family | 2 | 2 | 1,965 | $1,485,000 | 2026-08-10 |
| 666 NE 62nd St | single_family | 2 | 2 | 1,210 | $900,000 | 2026-08-07 |
| 619 NE 87th St | single_family | 3 | 2 | 1,489 | $667,000 | 2026-08-07 |
| 1130 NE 104th St | single_family | 3 | 2 | 2,046 | $1,350,000 | 2026-08-05 |
| 453 NE 89th St | single_family | 3 | 2 | 1,690 | $1,350,000 | 2026-08-04 |
| 8250 NE 3rd Ct | single_family | 3 | 3 | 1,647 | $1,035,000 | 2026-08-03 |
| 434 NE 77th St | single_family | 3 | 2 | 1,346 | $965,000 | 2026-08-03 |
| 390 NE 103rd St | single_family | 5 | 4 | 2,770 | $1,690,000 | 2026-07-31 |
| 124 NE 96th St | single_family | 3 | 2 | 4,086 | $2,625,000 | 2026-07-28 |
| 273 NE 98th St | single_family | 3 | 4 | 2,515 | $2,550,000 | 2026-07-24 |
| 1234 NE 96th St | single_family | 5 | 6 | 5,812 | $3,125,000 | 2026-07-24 |
| 880 NE 72nd Ter | single_family | 3 | 3 | 1,716 | $1,475,000 | 2026-07-23 |
| 861 NE 74th St | single_family | 2 | 1 | 1,221 | $1,500,000 | 2026-07-23 |
| 1090 NE 92nd St | single_family | 4 | 2 | 3,227 | $2,435,000 | 2026-07-22 |
| 8250 NE 4th Ave | single_family | 2 | 2 | 1,376 | $500,000 | 2026-07-20 |
| 6322 NE 5th Ave | single_family | 4 | 2 | 2,161 | $840,000 | 2026-07-17 |
| 1110 NE 100th St | single_family | 4 | 3 | 2,191 | $1,680,000 | 2026-07-15 |
| 9105 NE 5th Ave | single_family | 3 | 2 | 1,894 | $2,300,000 | 2026-07-14 |
| 597 NE 93rd St | single_family | 3 | 2 | 2,798 | $2,500,000 | 2026-07-10 |
| 115 NE 88th St | single_family | 3 | 2 | 2,257 | $1,245,000 | 2026-07-10 |
| 9880 NE 9th Ave | single_family | 3 | 3 | 1,574 | $1,075,000 | 2026-07-09 |
| 8910 NE 9th Ct | single_family | 3 | 2 | 1,434 | $1,110,000 | 2026-07-08 |
| 860 NE 73rd St | single_family | 3 | 2 | 1,808 | $1,450,000 | 2026-07-08 |
| 9999 NE 12th Ave | single_family | 3 | 2 | 2,905 | $1,651,000 | 2026-07-07 |
| 485 NE 96th St | single_family | 3 | 3 | 2,866 | $1,640,000 | 2026-07-07 |
| 10643 NE 11th Ave | single_family | 3 | 2 | 1,739 | $1,025,000 | 2026-07-06 |
| 8730 NE 8th Ct | single_family | 2 | 1 | 930 | $725,000 | 2026-07-02 |
| 9357 NE 9th Pl | single_family | 2 | 2 | 1,324 | $1,640,000 | 2026-07-01 |
| 745 NE 88th St | single_family | 3 | 2 | 1,721 | $800,000 | 2026-06-26 |
| 1080 NE 86th St | single_family | 2 | 3 | 1,496 | $1,375,000 | 2026-06-26 |
| 866 NE 99th St | single_family | 3 | 3 | 1,907 | $1,150,000 | 2026-06-26 |
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 |
|---|---|---|---|---|---|---|
| 8101 Biscayne Blvd Unit R410 | condos | 0 | 1 | 533 | $315,000 | — |
| 544 NE 62nd St Unit 544-8 | condos | 0 | 1 | 338 | $155,000 | — |
| 700 NE 63rd St Apt D506 | condos | 0 | 1 | 571 | $244,900 | — |
| 770 NE 69th St Unit 1C | condos | 0 | 1 | 470 | $240,000 | — |
| 8101 Biscayne Blvd Unit R506 | condos | 0 | 1 | 879 | $415,000 | — |
| 700 NE 63rd St Apt D606 | condos | 0 | 1 | 571 | $225,000 | — |
| 770 NE 69th St Unit 1E | condos | 0 | 1 | 470 | $159,990 | — |
| 645 NE 77th St Apt 16 | condos | 0 | 1 | 360 | $159,900 | — |
10-year hold projection
IRR-7.7%
Equity multiple-0.30x
Total return (10yr)-$92,318
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $489,147 | -$1,338 | -$31,296 | $375,801 | $113,346 |
| 2 | $503,821 | -$1,311 | -$31,285 | $371,399 | $132,423 |
| 3 | $518,936 | -$1,281 | -$31,272 | $366,694 | $152,242 |
| 4 | $534,504 | -$1,249 | -$31,257 | $361,667 | $172,837 |
| 5 | $550,539 | -$1,214 | -$31,240 | $356,294 | $194,245 |
| 6 | $567,055 | -$1,176 | -$31,220 | $350,553 | $216,503 |
| 7 | $584,067 | -$1,135 | -$31,198 | $344,417 | $239,650 |
| 8 | $601,589 | -$1,091 | -$31,173 | $337,859 | $263,730 |
| 9 | $619,637 | -$1,043 | -$31,145 | $330,852 | $288,785 |
| 10 | $638,226 | -$992 | -$31,114 | $323,363 | $314,863 |
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.