1216-1218 NE 112th St
Miami, FL 33161 · multi_family · For Sale · 17 days on market
Asking price$975,000
4 beds 4 baths 1,810 sqft
Suggested offer$666,017$308,983 above the est. market value of $666,017.
View on Realtor.com →Listed by Gabriella Terzian Cartiglia · Investcounsel, Llc
Typemulti_family
Built2019
Price / sqft$539
Est. value (own analysis)$666,017
Rent estimate (building total, own analysis)$4,223/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood3/10moderate$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-08-17
Removed date—
MLSMiamiMLS #A12072107
Coordinates25.87879, -80.17342
Address1216-1218 NE 112th St
CityMiami
StateFL
Zip33161
Listing ID6547625403
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)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $975,000 |
| Down payment (20.0%) | $195,000 |
| Loan amount | $780,000 |
| Closing costs (5.0%) | $48,750 |
| Total cash to close | $243,750 |
| Income | |
| Rent (estimate) | $4,223$50,680 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,885$46,626 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,544$18,525 |
| Insurance (est. scaled by flood & wind risk) | $1,040$12,480 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $211$2,534 |
| Total operating expenses | $2,795$33,539 |
| 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) | $211$2,534 |
| 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 |
|---|---|---|---|---|---|---|
| 11003 NE 12th Ave | multi_family | 4 | 3 | 1,924 | $722,000 | 2026-08-11 |
| 1371 NE 150th St | multi_family | 4 | 2 | 1,500 | $545,000 | 2026-07-06 |
| 1376 NE 111th St # 2 | multi_family | 4 | 4 | 1,749 | $700,000 | 2026-05-19 |
| 11020 NE 10th Ave | multi_family | 4 | 2 | 1,805 | $855,000 | 2026-05-15 |
| 1490 NE 110th Ter | multi_family | 4 | 4 | 1,584 | $400,000 | 2026-04-23 |
| 1560 NE 130th St | multi_family | 4 | 2 | 1,900 | $350,000 | 2026-04-15 |
| 1296 NE 112th St | multi_family | 4 | 2 | 1,920 | $805,000 | 2026-03-23 |
| 11105 NE 9th Ave # 0 | multi_family | 4 | 2 | 1,690 | $875,000 | 2026-03-02 |
| 1550 NE 118th Ter | multi_family | 4 | 4 | 1,848 | $680,000 | 2026-02-26 |
| 1051 NE 149th St | multi_family | 4 | 2 | 2,765 | $60,000 | 2025-12-15 |
| 1350 NE 146th St | multi_family | 4 | 4 | 2,310 | $460,000 | 2025-11-17 |
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 |
|---|---|---|---|---|---|---|
| 171 NE 117th St | multi_family | 4 | 4 | 1,765 | $700,000 | — |
| 10831 NE 2nd Ct | multi_family | 4 | 2 | 1,625 | $750,000 | — |
| 325 NE 108th St | multi_family | 4 | 3 | 1,705 | $725,000 | — |
| 11420 NE 4th Ave | single_family | 4 | 3 | 1,803 | $975,000 | — |
| 10850 N Bayshore Dr | single_family | 4 | 6 | — | $4,800,000 | — |
| 1112 NE 111th St | multi_family | 4 | 3 | 1,756 | $815,000 | — |
| 134 NE 117th St | single_family | 4 | 3 | — | $850,000 | — |
| 530 NE 130th St | single_family | 4 | 3 | — | $719,999 | — |
10-year hold projection
IRR-3.6%
Equity multiple0.40x
Total return (10yr)-$19,696
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,004,250 | $13,087 | -$49,597 | $771,543 | $232,707 |
| 2 | $1,034,378 | $13,647 | -$49,100 | $762,505 | $271,872 |
| 3 | $1,065,409 | $14,228 | -$48,584 | $752,847 | $312,562 |
| 4 | $1,097,371 | $14,831 | -$48,048 | $742,526 | $354,846 |
| 5 | $1,130,292 | $15,457 | -$47,490 | $731,495 | $398,797 |
| 6 | $1,164,201 | $16,106 | -$46,911 | $719,707 | $444,494 |
| 7 | $1,199,127 | $16,778 | -$46,310 | $707,110 | $492,017 |
| 8 | $1,235,101 | $17,476 | -$45,686 | $693,648 | $541,453 |
| 9 | $1,272,154 | $18,200 | -$45,037 | $679,261 | $592,893 |
| 10 | $1,310,318 | $18,950 | -$44,364 | $663,886 | $646,432 |
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.