5170 NW 2nd St

Miami, FL 33126 · single_family · Pending — under contract · 30 days on market
Asking price$595,000
3 beds 2 baths 1,734 sqft
View on Realtor.com →
Listed by Jessica Socarras · EXP Realty, LLC
Typesingle_family
Built1949
Price / sqft$343
Est. value (own analysis)$679,242
Rent estimate (own analysis)$3,548/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood6/10major$Air2/10MinorWildfire1/10Minimal
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Neighborhood

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Statusfor_sale
Listed date2026-08-03
Removed date
MLSMiamiMLS #A12064434
Coordinates25.77315, -80.27952
Address5170 NW 2nd St
CityMiami
StateFL
Zip33126
Listing ID6574912265
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)

Purchase price$595,000
Down payment (20.0%)$119,000
Loan amount$476,000
Closing costs (5.0%)$29,750
Total cash to close$148,750
Rent (comp-derived)$3,548$42,570
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$42,570
Vacancy rate (assumption) assumption8.0%

$42,570 × 8.0% = $3,406

Effective gross income$3,264$39,164
Property tax (placeholder 1.9% of price)$942$11,305
Insurance (est. scaled by flood & wind risk)$694$8,330
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$177$2,129
Total operating expenses$1,814$21,764
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$39,164
Total operating expenses derived$21,764

$39,164 − $21,764 = $17,401

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$476,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$476,000 amortized at 6.7% over 30 years = $3,059/mo

CapEx reserve (5.0% of GSR)$177$2,129
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$17,401
Annual debt service derived$36,707
Annual CapEx reserve assumption$2,129
Annual PMI assumption$0

($17,401 − $36,707 − $2,129 − $0) ÷ 12 = -$1,786

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$17,401
Purchase price data$595,000

$17,401 ÷ $595,000 = 2.9%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$21,434
Total cash to close derived$148,750

-$21,434 ÷ $148,750 = -14.4%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$17,401
Annual debt service derived$36,707

$17,401 ÷ $36,707 = 0.47

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$42,570
Purchase price data$595,000

($42,570 ÷ 12) ÷ $595,000 = 0.6%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$595,000
Gross scheduled rent (annual) comp$42,570

$595,000 ÷ $42,570 = 14.0

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$21,764
Effective gross income derived$39,164

$21,764 ÷ $39,164 = 55.6%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$21,764
Annual debt service derived$36,707
Annual PMI assumption$0
Gross scheduled rent (annual) comp$42,570

($21,764 + $36,707 + $0) ÷ $42,570 = 137.4%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family321,762$2,8002026-08-19
single_family311,345$3,0002026-07-02
single_family321,486$3,5002026-07-28
single_family322,186$4,4002026-08-22
single_family331,392$10,000
single_family322,322$3,000
single_family331,898$4,350
single_family321,518$3,5952026-08-12

4753 NW 1st St

Miami, 33126 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,762
Listed2026-08-19
Days on market

Asking rent: $2,800

View on Zillow →

321 NW 56th Ave

Miami, 33126 · rent comp

Bedrooms / bathrooms3 bd / 1 ba
Square footage1,345
Listed2026-07-02
Days on market

Asking rent: $3,000

View on Zillow →

421 NW 57th Ct

Miami, 33126 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,486
Listed2026-07-28
Days on market

Asking rent: $3,500

View on Zillow →

3889 NW 5th St

Miami, 33126 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage2,186
Listed2026-08-22
Days on market

Asking rent: $4,400

View on Zillow →

3800 NW 12th St

Miami, 33126 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,392
Listed
Days on market

Asking rent: $10,000

View on Zillow →

4725 NW 4th St

Miami, 33126 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage2,322
Listed
Days on market

Asking rent: $3,000

View on Zillow →

6460 NW 2nd St

Miami, 33126 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,898
Listed
Days on market

Asking rent: $4,350

View on Zillow →

4265 NW 2nd Ter

Miami, 33126 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,518
Listed2026-08-12
Days on market

Asking rent: $3,595

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
235 NW 45th Avesingle_family32967$790,0002026-08-05
4263 NW 5th Stsingle_family321,776$690,0002026-08-05
191 NW 85th Plsingle_family331,427$596,0002026-07-20
347 NW 57th Ctsingle_family321,770$550,0002026-07-15
4071 NW 6th Stsingle_family311,126$630,0002026-07-07
153 NW 61st Avesingle_family321,590$610,0002026-06-18
550 NW 58th Avesingle_family321,186$660,0002026-06-05
300 Northwest Blvdsingle_family331,336$585,0002026-05-29
5651 NW 3rd Stsingle_family321,718$640,0002026-04-30
225 NW 40th Ctsingle_family342,080$725,0002026-04-27
8510 NW 1st Tersingle_family321,570$615,0002026-04-21
420 NW 44th Avesingle_family321,316$525,0002026-04-17
223 NW 40th Ctsingle_family344,160$715,0002026-03-26
200 NW 65th Avesingle_family311,428$50,0002026-03-17
210 NW 59th Avesingle_family321,500$670,0002026-02-26
5250 NW 4th Stsingle_family321,192$650,0002026-01-30
260 NW 52nd Avesingle_family311,165$450,0002026-01-28
5271 NW 1st Stsingle_family321,648$630,0002026-01-21
411 NW 53rd Avesingle_family31990$515,0002026-01-16
260 NW 60th Ctsingle_family321,582$650,0002026-01-15
410 NW 58th Ctsingle_family322,130$425,0002026-01-02
8508 NW 1st Tersingle_family331,187$510,0002025-12-04
241 NW 46th Avesingle_family331,720$650,0002025-11-12
250 NW 61st Avesingle_family321,172$588,5002025-11-05
941 NW 40th Avesingle_family321,462$750,0002025-10-31
261 NW 59th Ctsingle_family322,145$600,0002025-10-30
630 NW 60th Ctsingle_family321,177$554,0002025-10-24
22 NW 59th Ctsingle_family321,762$540,0002025-10-22
239 NW 57th Ctsingle_family321,494$520,0002025-10-09
260 NW 57th Ctsingle_family321,290$600,0002025-09-30
232 NW 58th Ctsingle_family321,977$630,0002025-09-18

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
380 NW 85th Pl Unit 1406condos331,560$478,000
10 NW 60th Ctsingle_family321,563$669,900
229-230 NW 48th Ctmulti_family331,265$699,000
8356 NW 10th St Unit 6Dtownhomes331,600$480,000
350 NW 58th Avesingle_family321,205$697,000
320 NW 61st Avesingle_family322,005$550,000
333 NW 60th Avesingle_family321,167$483,000
390 NW 86th Ct Unit 803townhomes331,560$464,900

10-year hold projection

IRR0.5%
Equity multiple1.08x
Total return (10yr)$89,725
YearProperty valueNOICash flowLoan balanceEquity
1$612,850$17,401-$21,434$470,839$142,011
2$631,236$18,032-$20,857$465,324$165,912
3$650,173$18,684-$20,259$459,430$190,743
4$669,678$19,359-$19,640$453,131$216,547
5$689,768$20,057-$18,999$446,400$243,368
6$710,461$20,779-$18,336$439,206$271,255
7$731,775$21,525-$17,650$431,519$300,256
8$753,728$22,297-$16,940$423,304$330,425
9$776,340$23,096-$16,205$414,524$361,816
10$799,630$23,921-$15,444$405,142$394,489
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.