1168 NW 41st St

Miami, FL 33127 · single_family · Pending — under contract · 284 days on market
Asking price$205,000
2 beds 1 baths 748 sqft
View on Realtor.com →
Listed by Raul Gonzalez · Nufront International Realty
Typesingle_family
Built1926
Price / sqft$274
Est. value (own analysis)$414,407
Rent estimate (own analysis)$2,750/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood8/10severe$Air2/10MinorWildfire1/10Minimal
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Neighborhood

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Statusfor_sale
Listed date2025-11-23
Removed date
MLSMiamiMLS #A11918771
Coordinates25.81337, -80.21516
Address1168 NW 41st St
CityMiami
StateFL
Zip33127
Listing ID6552236902
Sourceus-real-estate-listings, cached 2026-08-28

ZIP market snapshot (33127)

Typical home value (ZHVI)$528,160
Typical rent (ZORI)$2,975/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)

Purchase price$205,000
Down payment (20.0%)$41,000
Loan amount$164,000
Closing costs (5.0%)$10,250
Total cash to close$51,250
Rent (comp-derived)$2,750$33,000
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$33,000
Vacancy rate (assumption) assumption8.0%

$33,000 × 8.0% = $2,640

Effective gross income$2,530$30,360
Property tax (placeholder 1.9% of price)$325$3,895
Insurance (est. scaled by flood & wind risk)$267$3,198
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$138$1,650
Total operating expenses$729$8,743
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$30,360
Total operating expenses derived$8,743

$30,360 − $8,743 = $21,617

Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing)

Monthly Principal & Interest

Standard amortization on the loan amount, at the effective rate and term

Loan amount derived$164,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$164,000 amortized at 6.7% over 30 years = $1,054/mo

CapEx reserve (5.0% of GSR)$138$1,650
Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%)$0$0
Cash flow

Monthly Cash Flow

(NOI − Annual Debt Service − Annual CapEx Reserve − Annual PMI) ÷ 12

NOI derived$21,617
Annual debt service derived$12,647
Annual CapEx reserve assumption$1,650
Annual PMI assumption$0

($21,617 − $12,647 − $1,650 − $0) ÷ 12 = $610

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$21,617
Purchase price data$205,000

$21,617 ÷ $205,000 = 10.5%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived$7,320
Total cash to close derived$51,250

$7,320 ÷ $51,250 = 14.3%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$21,617
Annual debt service derived$12,647

$21,617 ÷ $12,647 = 1.71

Rent-to-price (1% rule)

Rent-to-Price (the "1% rule")

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$33,000
Purchase price data$205,000

($33,000 ÷ 12) ÷ $205,000 = 1.3%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$205,000
Gross scheduled rent (annual) comp$33,000

$205,000 ÷ $33,000 = 6.2

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$8,743
Effective gross income derived$30,360

$8,743 ÷ $30,360 = 28.8%

Break-even occupancy

Break-Even Occupancy

(Total OpEx + Annual Debt Service + Annual PMI) ÷ Gross Scheduled Rent

Total operating expenses derived$8,743
Annual debt service derived$12,647
Annual PMI assumption$0
Gross scheduled rent (annual) comp$33,000

($8,743 + $12,647 + $0) ÷ $33,000 = 64.8%

Comparables

Same ZIP. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family21824$2,6952026-07-20
single_family22820$2,4002026-06-29
single_family23805$3,3502026-05-25
single_family21850$2,7502026-07-31
single_family22725$3,4992026-04-23

1114 NW 59th St

Miami, 33127 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage824
Listed2026-07-20
Days on market

Asking rent: $2,695

View on Zillow →

5646 NW 3rd Ave Unit 1

Miami, 33127 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage820
Listed2026-06-29
Days on market

Asking rent: $2,400

View on Zillow →

247 NW 58th St

Miami, 33127 · rent comp

Bedrooms / bathrooms2 bd / 3 ba
Square footage805
Listed2026-05-25
Days on market

Asking rent: $3,350

View on Zillow →

161 NW 41st St

Miami, 33127 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage850
Listed2026-07-31
Days on market

Asking rent: $2,750

View on Zillow →

18 NW 57th St

Miami, 33127 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage725
Listed2026-04-23
Days on market

Asking rent: $3,499

View on Zillow →

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
1139 NW 37th Stsingle_family211,004$520,0002026-08-24
1176 NW 32nd Stsingle_family211,400$155,0002026-08-02
126 NW 33rd Stsingle_family211,822$1,250,0002026-07-21
344 NW 41st Stsingle_family21927$610,0002026-07-08
286 NW 57th Stsingle_family221,717$450,0002026-06-23
598 NW 53rd Stsingle_family21948$550,0002026-06-16
315 NW 53rd Stsingle_family21961$600,0002026-06-16
1090 NW 39th Stsingle_family211,389$465,0002026-06-11
4711 NW 11th Avesingle_family211,222$560,0002026-06-03
85 NW 47th Stsingle_family211,200$844,0002026-05-20
260 NW 34th Stsingle_family21984$750,0002026-05-18
276 NW 40th Stsingle_family211,682$700,0002026-05-18
446 NW 45th Stsingle_family221,169$555,0002026-05-14
578 NW 48th Stsingle_family211,026$713,0002026-05-04
5555 N Miami Avesingle_family211,086$500,0002026-05-04
10 NW 51st Stsingle_family211,232$672,0002026-05-01
246 NW 39th Stsingle_family22776$500,0002026-04-30
272 NW 42nd Stsingle_family21977$745,0002026-04-30
1121 NW 56th Stsingle_family211,261$375,0002026-04-27
260 NW 43rd Stsingle_family21958$750,0002026-04-22
268 NW 48th Stsingle_family23$950,0002026-04-14
585 NW 35th Stsingle_family221,042$6,167,0002026-04-08
500 NW 46th Stsingle_family211,098$594,0002026-04-07
1045 NW 52nd Stsingle_family211,507$550,0002026-03-30
307 NW 37th Stsingle_family211,435$1,099,0002026-03-26
85 NW 52nd Stsingle_family21804$590,0002026-03-19
349 NW 46th Stsingle_family211,380$665,0002026-03-11
819 NW 47th Stsingle_family211,090$405,0002026-03-02
85 NW 47th Tersingle_family211,316$830,0002026-02-04
118 NW 44th Stsingle_family221,329$775,0002026-01-30
4921 NW 6th Avesingle_family211,267$850,0002026-01-15
1065 NW 50th Stsingle_family211,064$548,4002026-01-12
4765 N Miami Avesingle_family221,259$828,0002026-01-09
524 NW 44th Stsingle_family211,534$970,0002025-12-24
299 NW 43rd Stsingle_family221,086$600,0002025-12-15
64 NW 52nd Stsingle_family211,601$820,0002025-11-24
5636 NW 4th Avesingle_family21984$550,0002025-11-18
2025 NW 6th Plsingle_family21956$250,0002025-11-12
47 NW 49th Stsingle_family211,715$650,0002025-11-06
5108 NW 3rd Avesingle_family21936$520,0002025-10-27
3500 NW 12th Avesingle_family211,188$750,0002025-10-20
350 NW 45th Stsingle_family211,571$552,9392025-10-15
1018 NW 26th Stsingle_family21893$450,0002025-09-15
3125 NW 3rd Avesingle_family211,674$1,100,0002025-09-11
934 NW 45th Stsingle_family211,249$490,0002025-09-03

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.

AddressTypeBedsBathsSqftAsking priceDays on market
1075 NW 28th Stmulti_family221,266$525,000
2700 NW 2nd Ave Unit 442condos22$1,300,000
21 NW 61st Stsingle_family21972$550,000
266 NW 32nd Stsingle_family211,343$1,200,000
2700 NW 2nd Ave Unit 422condos22830$1,790,000
270-272 NW 35th Stmulti_family22900$900,000
1114 NW 59th Stsingle_family21824$424,900
2700 NW 2nd Ave Unit 743condos22840$1,275,900

10-year hold projection

IRR22.7%
Equity multiple4.38x
Total return (10yr)$200,054
YearProperty valueNOICash flowLoan balanceEquity
1$211,150$21,617$7,320$162,222$48,928
2$217,485$22,309$7,971$160,322$57,163
3$224,009$23,023$8,643$158,291$65,718
4$230,729$23,760$9,336$156,121$74,609
5$237,651$24,520$10,052$153,801$83,850
6$244,781$25,304$10,790$151,323$93,458
7$252,124$26,112$11,552$148,674$103,450
8$259,688$26,946$12,338$145,844$113,844
9$267,479$27,807$13,149$142,819$124,660
10$275,503$28,694$13,987$139,586$135,917
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.
All figures are estimates for evaluation purposes only, not investment, tax, legal, or insurance advice. Property tax is estimated from a real matched tax bill or millage rate when available, a placeholder % of price otherwise; insurance is scaled by flood and wind risk where those are known and a flat percentage otherwise — never a real quote. Verify all of them, along with association restrictions and permit status, before committing capital. Rent estimates come from real comps or Zillow’s ZIP index, not appraisals.