Listed by Rama Vyasulu · Homes Real Estate Group Inc.
Typecondos
Built1963
Price / sqft$148
Est. value (own analysis)$282,857
Rent estimate (own analysis)$2,654/mo
HOA$103/mo
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Statusfor_sale
Listed date2026-08-27
Removed date—
MLSMiamiMLS #A12077874
Coordinates25.88717, -80.16024
Address1885 NE 121st St Apt 16
CityNorth Miami
StateFL
Zip33181
Listing ID6358331474
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
$160,000
Down payment (20.0%)
$32,000
Loan amount
$128,000
Closing costs (5.0%)
$8,000
Total cash to close
$40,000
Income
Rent (comp-derived)
$2,654$31,848
Vacancy loss (8.0%)
Effective gross income
$2,442$29,300
Operating expenses
Property tax (placeholder 1.9% of price)
$253$3,040
Insurance (placeholder 0.8% of price)
$107$1,280
HOA dues
$103$1,236
Management (0.0% of EGI)
$0$0
Maintenance (5.0% of GSR)
$133$1,592
Total operating expenses
$596$7,148
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)
$133$1,592
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.
Address
Type
Beds
Baths
Sqft
Asking rent
Listed
Days on market
apartment
1
1
911
$1,735
2026-06-16
—
condos
1
1
880
$2,100
2026-07-27
—
condos
1
2
962
$5,500
2026-07-16
—
condos
1
2
962
$6,000
2026-07-01
—
condos
1
2
962
$6,200
2026-07-01
—
condos
1
2
861
$2,195
2026-05-02
—
condos
1
2
962
$5,900
2026-08-03
—
condos
1
1
710
$2,350
2026-08-02
—
condos
1
1
780
$2,984
2026-04-02
—
apartment
1
1
849
$3,226
—
—
apartment
1
1
792
$2,704
—
—
condos
1
1
788
$2,200
2026-03-11
—
condos
1
1
991
$1,700
2026-08-05
—
condos
1
2
1,010
$1,850
2026-08-04
—
condos
1
1
788
$2,200
2026-03-11
—
condos
1
2
740
$1,650
2026-07-22
—
condos
1
1
806
$1,950
2026-08-24
—
condos
1
1
723
$1,750
2026-07-24
—
condos
1
1
710
$1,800
2026-08-25
—
condos
1
1
974
$1,600
2026-07-04
—
apartment
1
2
1,010
$2,000
2026-07-23
—
condos
1
2
994
$1,750
2026-08-21
—
condos
1
2
846
$2,150
2026-03-26
—
condos
1
1
807
$1,800
2026-07-03
—
condos
1
2
900
$1,850
2026-07-10
—
condos
1
1
723
$1,750
2026-03-28
—
condos
1
2
778
$1,800
2026-07-20
—
condos
1
1
723
$2,100
2026-07-18
—
condos
1
1
723
$1,800
2026-08-31
—
apartment
1
1
1,000
$2,000
2026-05-18
—
condos
1
1
974
$1,800
2026-04-18
—
condos
1
2
845
$2,500
2026-06-08
—
condos
1
1
974
$1,600
2026-06-17
—
condos
1
1
880
$1,750
2026-04-03
—
apartment
1
1
765
$1,700
2026-04-25
—
condos
1
2
714
$1,600
2026-06-30
—
condos
1
2
740
$1,800
2026-04-18
—
condos
1
2
740
$2,150
2026-07-16
—
condos
1
1
723
$1,750
2026-06-30
—
condos
1
2
895
$2,250
2026-07-27
—
condos
1
1
792
$2,994
2026-07-14
—
condos
1
1
806
$2,050
2026-06-30
—
condos
1
2
714
$1,850
2026-08-08
—
condos
1
1
723
$2,150
2026-06-24
—
condos
1
2
855
$2,400
2026-08-04
—
condos
1
1
723
$2,000
2026-07-22
—
condos
1
1
723
$1,900
2026-07-14
—
condos
1
1
723
$1,950
2026-06-19
—
condos
1
1
723
$1,800
2026-01-28
—
condos
1
2
855
$2,300
2026-06-29
—
condos
1
2
831
$2,500
2026-07-17
—
condos
1
1
1,190
$2,795
2026-03-16
—
condos
1
2
1,124
$2,900
2026-06-08
—
condos
1
1
792
$3,094
2026-03-11
—
condos
1
1
734
$3,094
2026-03-11
—
condos
1
2
962
$5,800
2026-08-12
—
condos
1
2
962
$6,000
2026-07-20
—
condos
1
2
962
$5,500
2026-07-29
—
condos
1
2
962
$5,500
2026-07-29
—
condos
1
2
1,081
$6,990
2026-07-12
—
apartment
1
1
792
$2,808
—
—
apartment
1
1
849
$2,983
—
—
apartment
1
1
849
$3,171
—
—
apartment
1
1
849
$3,355
—
—
apartment
1
1
849
$3,203
—
—
apartment
1
1
849
$3,168
—
—
apartment
1
1
734
$3,059
—
—
apartment
1
1
734
$3,064
—
—
apartment
1
1
734
$3,109
—
—
apartment
1
1
734
$3,059
—
—
apartment
1
1
792
$3,191
—
—
apartment
1
1
792
$3,181
—
—
apartment
1
1
734
$3,044
—
—
apartment
1
1
734
$3,029
—
—
apartment
1
1
911
$1,750
—
—
apartment
1
1
792
$2,911
—
—
apartment
1
1
792
$3,021
—
—
apartment
1
1
792
$3,031
—
—
apartment
1
1
792
$3,031
—
—
apartment
1
1
792
$3,031
—
—
apartment
1
1
792
$3,031
—
—
apartment
1
1
792
$3,041
—
—
apartment
1
1
792
$2,549
—
—
apartment
1
1
750
$2,125
—
—
apartment
1
1
750
$2,100
—
—
apartment
1
1
750
$2,125
—
—
apartment
1
1
750
$2,025
—
—
apartment
1
1
750
$2,150
—
—
apartment
1
1
750
$2,125
—
—
apartment
1
1
750
$2,125
—
—
apartment
1
1
750
$2,200
—
—
apartment
1
1
750
$2,050
—
—
apartment
1
1
750
$2,100
—
—
apartment
1
1
750
$2,125
—
—
apartment
1
1
750
$2,200
—
—
apartment
1
1
750
$2,050
—
—
apartment
1
1
750
$2,025
—
—
apartment
1
1
750
$2,150
—
—
apartment
1
1
750
$2,150
—
—
apartment
1
1
750
$2,050
—
—
apartment
1
1
750
$2,125
—
—
apartment
1
1
750
$2,150
—
—
apartment
1
1
750
$2,100
—
—
apartment
1
1
750
$2,125
—
—
apartment
1
1
750
$2,125
—
—
apartment
1
1
750
$2,175
—
—
apartment
1
1
750
$2,125
—
—
apartment
1
1
750
$2,150
—
—
apartment
1
1
750
$2,200
—
—
apartment
1
1
750
$2,000
—
—
apartment
1
1
750
$2,000
—
—
apartment
1
1
750
$2,000
—
—
apartment
1
1
750
$2,000
—
—
apartment
1
1
750
$2,000
—
—
apartment
1
1
750
$2,000
—
—
apartment
1
1
750
$2,000
—
—
apartment
1
1
750
$2,150
—
—
apartment
1
1
750
$2,025
—
—
apartment
1
1
750
$2,250
—
—
apartment
1
1
750
$2,300
—
—
apartment
1
1
750
$2,300
—
—
apartment
1
1
740
$2,498
—
—
apartment
1
1
750
$2,300
—
—
apartment
1
1
750
$2,250
—
—
apartment
1
1
750
$2,300
—
—
apartment
1
1
750
$2,150
—
—
apartment
1
1
750
$2,125
—
—
apartment
1
1
750
$2,150
—
—
apartment
1
1
750
$2,100
—
—
apartment
1
1
750
$2,125
—
—
apartment
1
1
750
$2,125
—
—
apartment
1
1
750
$2,100
—
—
apartment
1
1
750
$2,100
—
—
apartment
1
1
750
$2,075
—
—
apartment
1
1
750
$2,125
—
—
apartment
1
1
750
$2,050
—
—
apartment
1
1
750
$2,150
—
—
apartment
1
1
750
$2,200
—
—
apartment
1
1
780
$2,803
—
—
apartment
1
1
780
$2,948
—
—
apartment
1
1
740
$2,936
—
—
apartment
1
1
792
$2,901
—
—
apartment
1
1
792
$3,021
—
—
apartment
1
1
750
$2,225
—
—
apartment
1
1
750
$2,300
—
—
apartment
1
1
750
$2,300
—
—
apartment
1
1
750
$2,300
—
—
apartment
1
1
750
$2,300
—
—
apartment
1
1
740
$2,601
—
—
apartment
1
1
750
$2,300
—
—
apartment
1
1
740
$2,598
—
—
apartment
1
1
750
$2,300
—
—
apartment
1
1
780
$2,654
—
—
apartment
1
1
792
$2,654
—
—
apartment
1
2
788
$2,999
—
—
apartment
1
1
849
$2,985
—
—
apartment
1
1
849
$2,957
—
—
apartment
1
1
849
$2,985
—
—
apartment
1
1
780
$2,783
—
—
apartment
1
1
849
$3,168
—
—
apartment
1
1
769
$3,111
—
—
apartment
1
1
849
$3,365
—
—
apartment
1
1
849
$3,321
—
—
apartment
1
1
769
$3,256
—
—
apartment
1
1
792
$3,126
—
—
apartment
1
1
734
$3,054
—
—
apartment
1
1
734
$3,114
—
—
apartment
1
1
734
$3,109
—
—
apartment
1
1
734
$3,109
—
—
apartment
1
1
734
$3,064
—
—
apartment
1
1
734
$3,054
—
—
apartment
1
1
734
$3,104
—
—
apartment
1
1
769
$3,142
—
—
apartment
1
1
734
$3,049
—
—
apartment
1
1
734
$3,044
—
—
apartment
1
1
734
$3,054
—
—
apartment
1
1
734
$3,054
—
—
apartment
1
1
734
$3,039
—
—
apartment
1
1
734
$3,054
—
—
apartment
1
1
734
$3,044
—
—
apartment
1
1
734
$3,069
—
—
apartment
1
1
734
$3,064
—
—
apartment
1
1
734
$3,044
—
—
apartment
1
1
792
$3,161
—
—
apartment
1
1
792
$3,151
—
—
apartment
1
1
792
$3,151
—
—
apartment
1
1
792
$3,161
—
—
apartment
1
1
792
$3,176
—
—
apartment
1
1
734
$3,204
—
—
apartment
1
1
792
$3,241
—
—
apartment
1
1
792
$3,181
—
—
apartment
1
1
734
$3,214
—
—
apartment
1
1
792
$3,176
—
—
apartment
1
1
792
$3,191
—
—
apartment
1
1
849
$3,320
—
—
apartment
1
1
734
$3,194
—
—
apartment
1
1
792
$3,241
—
—
apartment
1
1
792
$3,196
—
—
apartment
1
2
1,101
$3,419
—
—
apartment
1
1
792
$3,196
—
—
apartment
1
1
792
$3,391
—
—
apartment
1
1
792
$3,336
—
—
apartment
1
1
734
$3,334
—
—
apartment
1
1
792
$3,346
—
—
apartment
1
1
734
$3,259
—
—
apartment
1
1
792
$3,031
—
—
apartment
1
1
734
$3,044
—
—
apartment
1
1
734
$3,064
—
—
apartment
1
1
734
$3,064
—
—
apartment
1
1
734
$3,109
—
—
apartment
1
1
792
$3,191
—
—
apartment
1
1
792
$3,171
—
—
apartment
1
1
792
$3,201
—
—
apartment
1
1
792
$3,241
—
—
apartment
1
1
792
$3,171
—
—
apartment
1
1
792
$3,186
—
—
apartment
1
1
792
$3,186
—
—
apartment
1
1
792
$3,196
—
—
apartment
1
1
734
$3,259
—
—
apartment
1
1
792
$3,326
—
—
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.
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.
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.