3051-3053 NW 59th St
Miami, FL 33142 · multi_family · For Sale · 6 days on market
Asking price$1,100,000
6 beds 6 baths 3,000 sqft
Suggested offer$837,525$262,475 above the est. market value of $837,525.
View on Realtor.com →Listed by Claudienne Hibbert · EXP Realty, LLC
Typemulti_family
Built2026
Price / sqft$367
Est. value (own analysis)$837,525
Rent estimate (building total, own analysis)$7,530/mo
HOANone
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Statusfor_sale
Listed date2026-08-27
Removed date—
MLSMiamiMLS #A12073611
Coordinates25.82861, -80.24609
Address3051-3053 NW 59th St
CityMiami
StateFL
Zip33142
Listing ID6576779231
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 | $1,100,000 |
| Down payment (20.0%) | $220,000 |
| Loan amount | $880,000 |
| Closing costs (5.0%) | $55,000 |
| Total cash to close | $275,000 |
| Income | |
| Rent (estimate) | $7,530$90,360 |
| Vacancy loss (8.0%) | |
| Effective gross income | $6,928$83,131 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,742$20,900 |
| Insurance (placeholder 0.8% of price) | $733$8,800 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $377$4,518 |
| Total operating expenses | $2,852$34,218 |
| 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) | $377$4,518 |
| 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 |
|---|---|---|---|---|---|---|
| 1247 NW 28th St | multi_family | 6 | 4 | 2,316 | $591,000 | 2026-07-31 |
| 2512 NW 13th Ave | multi_family | 6 | 2 | 1,764 | $580,000 | 2026-04-21 |
| 2180 NW 59th St | multi_family | 6 | 2 | 1,988 | $555,000 | 2026-01-26 |
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 |
|---|---|---|---|---|---|---|
| 2180 NW 30th St | multi_family | 6 | 5 | 2,652 | $600,000 | — |
| 5859 NW 13th Ave | multi_family | 6 | 4 | 2,300 | $750,000 | — |
| 1243 NW 29th Ter | multi_family | 6 | 3 | 1,792 | $775,000 | — |
| 1864 NW 28th St | multi_family | 6 | 4 | 3,200 | $1,375,000 | — |
| 4491 NW 23rd Ave | multi_family | 6 | 4 | 2,184 | $755,000 | — |
| 2323 NW 55th Ter | multi_family | 6 | 6 | 2,400 | $795,000 | — |
| 1895 NW 47th Ter | multi_family | 6 | 4 | 2,300 | $795,000 | — |
| 3376 NW 49th St | multi_family | 6 | 3 | 1,926 | $650,000 | — |
10-year hold projection
IRR4.7%
Equity multiple1.75x
Total return (10yr)$349,726
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,133,000 | $48,913 | -$23,466 | $870,459 | $262,541 |
| 2 | $1,166,990 | $50,552 | -$21,941 | $860,262 | $306,728 |
| 3 | $1,202,000 | $52,244 | -$20,365 | $849,366 | $352,634 |
| 4 | $1,238,060 | $53,991 | -$18,736 | $837,721 | $400,339 |
| 5 | $1,275,201 | $55,795 | -$17,054 | $825,276 | $449,925 |
| 6 | $1,313,458 | $57,657 | -$15,316 | $811,977 | $501,480 |
| 7 | $1,352,861 | $59,581 | -$13,520 | $797,765 | $555,096 |
| 8 | $1,393,447 | $61,566 | -$11,665 | $782,576 | $610,871 |
| 9 | $1,435,251 | $63,617 | -$9,749 | $766,345 | $668,905 |
| 10 | $1,478,308 | $65,734 | -$7,770 | $748,999 | $729,309 |
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.