1629 NW 40th St
Miami, FL 33142 · multi_family · For Sale · 16 days on market
Asking price$969,900
8 beds 6 baths — sqft
Suggested offer$822,500$147,400 above the est. market value of $822,500.
View on Realtor.com →Listed by Alexei Sanjurjo · Avenew Realty Corp
Typemulti_family
Built2025
Price / sqft—
Est. value (own analysis)$822,500
Rent estimate (building total, own analysis)$9,580/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood9/10extreme$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-08-17
Removed date—
MLSMiamiMLS #A12072888
Coordinates25.81289, -80.22356
Address1629 NW 40th St
CityMiami
StateFL
Zip33142
Listing ID6546006150
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33142)
Typical home value (ZHVI)$430,103
Typical rent (ZORI)$2,350/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 | $969,900 |
| Down payment (20.0%) | $193,980 |
| Loan amount | $775,920 |
| Closing costs (5.0%) | $48,495 |
| Total cash to close | $242,475 |
| Income | |
| Rent (estimate) | $9,580$114,960 |
| Vacancy loss (8.0%) | |
| Effective gross income | $8,814$105,763 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,536$18,428 |
| Insurance (est. scaled by flood & wind risk) | $1,423$17,070 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $479$5,748 |
| Total operating expenses | $3,437$41,246 |
| 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) | $479$5,748 |
| 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.
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.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 4024 NW 23rd Ct | multi_family | 8 | 6 | 3,720 | $800,000 | 2026-02-09 |
| 2515 NW 52nd St Apt 1 | multi_family | 8 | 4 | 3,151 | $845,000 | 2025-12-19 |
| 1202 NW 61st St Apt 4 | multi_family | 8 | 4 | 3,824 | $731,250 | 2025-12-16 |
| 1920 NW 29th St | multi_family | 8 | 8 | 4,490 | $5,375,000 | 2025-12-03 |
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 |
|---|---|---|---|---|---|---|
| 1627 NW 40th St | single_family | 8 | 6 | — | $969,900 | — |
| 3527 NW 34th St | multi_family | 8 | 4 | 1,818 | $770,000 | — |
| 1286 NW 59th St | multi_family | 8 | 4 | 3,596 | $1,080,000 | — |
| 2835 NW 22nd Ave | multi_family | 8 | 4 | 4,421 | $1,149,000 | — |
| 3165 NW 61st St | multi_family | 8 | 6 | 2,894 | $950,000 | — |
| 2986 NW 26th St | multi_family | 8 | 6 | 3,768 | $1,200,000 | — |
| 1565 NW 47th St | multi_family | 8 | 4 | 2,245 | $995,000 | — |
| 1220 and 1222 NW 30th St | multi_family | 8 | 4 | 3,456 | $1,450,000 | — |
10-year hold projection
IRR10.8%
Equity multiple2.69x
Total return (10yr)$536,679
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $998,997 | $64,517 | -$1,066 | $767,507 | $231,490 |
| 2 | $1,028,967 | $66,659 | $932 | $758,517 | $270,450 |
| 3 | $1,059,836 | $68,870 | $2,996 | $748,909 | $310,927 |
| 4 | $1,091,631 | $71,153 | $5,127 | $738,642 | $352,989 |
| 5 | $1,124,380 | $73,509 | $7,329 | $727,669 | $396,711 |
| 6 | $1,158,111 | $75,942 | $9,604 | $715,943 | $442,168 |
| 7 | $1,192,855 | $78,454 | $11,953 | $703,411 | $489,443 |
| 8 | $1,228,640 | $81,046 | $14,379 | $690,020 | $538,621 |
| 9 | $1,265,500 | $83,723 | $16,884 | $675,708 | $589,792 |
| 10 | $1,303,465 | $86,486 | $19,472 | $660,414 | $643,051 |
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.