251 NW 57th Ave
Miami, FL 33126 · multi_family · For Sale · 43 days on market
Asking price$1,970,000
8 beds 6 baths 3,768 sqft
Suggested offer$1,201,276$768,724 above the est. market value of $1,201,276.
View on Realtor.com →Listed by Abel Diaz Baracaldo · Rejoice Realty Group, Inc.
Typemulti_family
Built1960
Price / sqft$523
Est. value (own analysis)$1,201,276
Rent estimate (building total, own analysis)$10,249/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeAir2/10MinorFlood1/10minimal$Wildfire1/10Minimal
1 / 28
Show every detail
Statusfor_sale
Listed date2026-07-21
Removed date—
MLSMiamiMLS #A12057635
Coordinates25.77351, -80.28792
Address251 NW 57th Ave
CityMiami
StateFL
Zip33126
Listing ID6545993894
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33126)
Typical home value (ZHVI)$303,717
Typical rent (ZORI)$2,370/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 | $1,970,000 |
| Down payment (20.0%) | $394,000 |
| Loan amount | $1,576,000 |
| Closing costs (5.0%) | $98,500 |
| Total cash to close | $492,500 |
| Income | |
| Rent (estimate) | $10,249$122,988 |
| Vacancy loss (8.0%) | |
| Effective gross income | $9,429$113,149 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $3,119$37,430 |
| Insurance (est. scaled by flood & wind risk) | $1,970$23,640 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $512$6,149 |
| Total operating expenses | $5,602$67,219 |
| 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) | $512$6,149 |
| 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 |
|---|---|---|---|---|---|---|
| 4736 NW Flagler Ter | multi_family | 5 | 3 | 1,920 | $575,000 | 2026-08-11 |
| 400 NW 44th Ave | multi_family | — | — | 2,294 | $799,000 | 2026-08-10 |
| 280 NW 41st Ave | multi_family | 4 | 2 | 1,680 | $650,000 | 2026-06-29 |
| 256 NW 50th Ave | multi_family | 6 | 4 | 2,900 | $774,000 | 2026-06-15 |
| 4335 NW 3rd St | multi_family | 5 | 2 | 2,509 | $285,000 | 2026-05-29 |
| 115 NW 56th Ave | multi_family | — | — | 1,629 | $510,000 | 2026-05-27 |
| 4518 NW 4th St | multi_family | 8 | 6 | 3,180 | $760,000 | 2026-05-14 |
| 214 NW 55th Ct | multi_family | 5 | 3 | 2,352 | $640,000 | 2026-05-12 |
| 5147 NW 1st St | multi_family | — | — | 2,346 | $750,000 | 2026-03-06 |
| 445 NW 45th Ave | multi_family | 4 | 2 | 3,635 | $900,000 | 2026-03-02 |
| 277 NW 47th Ct | multi_family | — | — | 1,038 | $330,000 | 2026-02-12 |
| 270 NW 40th Ct | multi_family | — | — | 2,833 | $1,000,000 | 2026-02-10 |
| 93 NW 75th Ave | multi_family | 4 | 2 | 2,398 | $781,000 | 2026-01-20 |
| 7633 NW 2nd Ter | multi_family | 6 | 4 | 2,329 | $781,000 | 2026-01-20 |
| 97 NW 47th Ct | multi_family | — | — | 2,172 | $850,000 | 2026-01-12 |
| 100 NW 43rd Pl | multi_family | 4 | 2 | 1,820 | $700,000 | 2025-12-26 |
| 1050 NW 43rd Ave | multi_family | 4 | 2 | 1,325 | $610,000 | 2025-09-25 |
| 435 NW 44th Ave | multi_family | — | — | 3,082 | $865,000 | 2025-09-18 |
Widened to city-wide. 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 |
|---|---|---|---|---|---|---|
| 12401 SW 45th St | single_family | 8 | 11 | 9,196 | $6,490,000 | — |
| 650 NW 28th St | multi_family | 8 | 4 | 3,204 | $1,350,000 | — |
| 3431-3433 SW 4th St | multi_family | 8 | 6 | 3,429 | $1,249,000 | — |
| 2500 NW 91st St | single_family | 8 | 5 | 1,716 | $749,999 | — |
| 1021 NW 30th St | multi_family | 8 | 5 | 2,800 | $1,200,000 | — |
| 10201 SW 64th St | single_family | 8 | 6 | 7,061 | $5,499,000 | — |
| 2900 NW 10th Ave | multi_family | 8 | 4 | 3,640 | $1,500,000 | — |
| 1629 NW 40th St | multi_family | 8 | 6 | — | $969,900 | — |
10-year hold projection
IRR-1.1%
Equity multiple0.83x
Total return (10yr)$171,932
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $2,029,100 | $45,929 | -$81,754 | $1,558,913 | $470,187 |
| 2 | $2,089,973 | $47,643 | -$80,194 | $1,540,652 | $549,321 |
| 3 | $2,152,672 | $49,417 | -$78,577 | $1,521,137 | $631,535 |
| 4 | $2,217,252 | $51,253 | -$76,903 | $1,500,282 | $716,970 |
| 5 | $2,283,770 | $53,152 | -$75,169 | $1,477,995 | $805,774 |
| 6 | $2,352,283 | $55,118 | -$73,373 | $1,454,178 | $898,105 |
| 7 | $2,422,852 | $57,151 | -$71,514 | $1,428,725 | $994,126 |
| 8 | $2,495,537 | $59,256 | -$69,588 | $1,401,524 | $1,094,013 |
| 9 | $2,570,403 | $61,433 | -$67,593 | $1,372,455 | $1,197,948 |
| 10 | $2,647,515 | $63,685 | -$65,528 | $1,341,390 | $1,306,125 |
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.