3461 NW 171st St

Miami Gardens, FL 33056 · single_family · For Sale · 29 days on market
Asking price$524,999
7 beds 4 baths 2,861 sqft
View on Realtor.com →
Listed by Vanessa Gonzalez · Luxe Properties
Typesingle_family
Built1954
Price / sqft$184
Est. value (own analysis)$1,052,619
Rent estimate (Zillow ZIP avg)$2,700/mo
HOANone
Street view
View full map & nearby schools →

Neighborhood

Show every detail
Statusfor_sale
Listed date2026-08-04
Removed date
MLSMiamiMLS #A12065585
Coordinates25.92973, -80.25858
Address3461 NW 171st St
CityMiami Gardens
StateFL
Zip33056
Listing ID6605311247
Sourceus-real-estate-listings, cached 2026-08-28

ZIP market snapshot (33056)

Median sale price$550,000
Median days on market (sale)37
Active sale listings131
Median rent$2,700/mo
Median days on market (rent)49
Active rental listings90
Real ZIP-wide statistics from RentCast, as of 2026-09 (fetched 2026-09-03) — this is the whole ZIP's market, not specific to this property. Re-analyzing spends one of the account's 50 free monthly lookups. Our own log shows at least 6 of the 50 free monthly RentCast requests used — that only counts calls made through this app, so it can undercount. RentCast's own account dashboard has the real total.
Re-analyze ZIP 33056 (≥6 of 50 per our log)

Underwriting (buy-and-hold, default assumptions)

Purchase price$524,999
Down payment (20.0%)$105,000
Loan amount$419,999
Closing costs (5.0%)$26,250
Total cash to close$131,250
Rent (ZIP avg, ZORI — not bedroom-specific)$2,700$32,400
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$32,400
Vacancy rate (assumption) assumption8.0%

$32,400 × 8.0% = $2,592

Effective gross income$2,484$29,808
Property tax (placeholder 1.9% of price)$831$9,975
Insurance (placeholder 0.8% of price)$350$4,200
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$135$1,620
Total operating expenses$1,316$15,795
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$29,808
Total operating expenses derived$15,795

$29,808 − $15,795 = $14,013

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$419,999
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$419,999 amortized at 6.7% over 30 years = $2,699/mo

CapEx reserve (5.0% of GSR)$135$1,620
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$14,013
Annual debt service derived$32,388
Annual CapEx reserve assumption$1,620
Annual PMI assumption$0

($14,013 − $32,388 − $1,620 − $0) ÷ 12 = -$1,666

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$14,013
Purchase price data$524,999

$14,013 ÷ $524,999 = 2.7%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$19,995
Total cash to close derived$131,250

-$19,995 ÷ $131,250 = -15.2%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$14,013
Annual debt service derived$32,388

$14,013 ÷ $32,388 = 0.43

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$32,400
Purchase price data$524,999

($32,400 ÷ 12) ÷ $524,999 = 0.5%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$524,999
Gross scheduled rent (annual) comp$32,400

$524,999 ÷ $32,400 = 16.2

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$15,795
Effective gross income derived$29,808

$15,795 ÷ $29,808 = 53.0%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$15,795
Annual debt service derived$32,388
Annual PMI assumption$0
Gross scheduled rent (annual) comp$32,400

($15,795 + $32,388 + $0) ÷ $32,400 = 148.7%

Comparables

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

No active rental listings cached yet for this bedroom count.

Widened to any bedroom count in ZIP. 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
3260 NW 179th Stsingle_family631,529$425,0002026-09-01
2765 NW 212th Stsingle_family421,150$565,0002026-08-26
3030 NW 176th Stsingle_family32988$436,0002026-08-26
2741 NW 172nd Tersingle_family321,415$585,0002026-08-25
3512 NW 176th Tersingle_family321,100$524,0002026-08-21
1890 NW 204th Stsingle_family421,652$540,5002026-08-21
20370 NW 32nd Avesingle_family421,381$500,0002026-08-21
3010 NW 186th Tersingle_family431,490$597,5002026-08-19
2320 NW 191st Tersingle_family421,728$580,0002026-08-17
3221 NW 182nd Stsingle_family421,289$590,0002026-08-14
18815 NW 37th Avesingle_family321,701$530,0002026-08-13
2225 NW 195th Stsingle_family321,392$600,0002026-08-12
21221 NW 29th Avesingle_family421,786$595,0002026-08-10
2950 NW 173rd Tersingle_family31988$317,5002026-08-07
17311 NW 24th Ctsingle_family311,272$529,0002026-08-07
5305511614single_family321,125$355,0002026-08-05
2831 NW 189th Stsingle_family321,430$650,0002026-08-04
17211 NW 37th Avesingle_family311,208$355,0002026-07-31
3260 NW 209th Tersingle_family21780$390,0002026-07-31
1805 NW 189th Tersingle_family321,555$550,0002026-07-30
20400 NW 25th Avesingle_family321,508$530,0002026-07-28
17011 NW 33rd Ctsingle_family312,387$690,0002026-07-27
2221 NW 170th Stsingle_family321,274$529,0002026-07-27
17630 NW 36th Avesingle_family531,870$650,0002026-07-24
18440 NW 28th Plsingle_family321,346$510,0002026-07-24
18813 NW 32nd Avesingle_family321,144$465,0002026-07-23
2980 NW 170th Stsingle_family311,225$430,0002026-07-23
2831 NW 190th Stsingle_family321,582$545,0002026-07-22
2250 NW 170th Stsingle_family321,334$529,0002026-07-21
20901 NW 27th Ctsingle_family421,575$540,0002026-07-17
2860 NW 207th Stsingle_family421,890$519,9002026-07-16
3001 NW 170th Stsingle_family431,541$570,0002026-07-16
3320 NW 172nd Tersingle_family531,614$680,0002026-07-14
20103 NW 27th Cirsingle_family32870$415,0002026-07-14
3560 NW 212th Stsingle_family531,713$635,0002026-07-13
19244 NW 30th Ctsingle_family311,000$400,0002026-07-13
21131 NW 30th Ctsingle_family631,794$519,0002026-07-10
19720 NW 33rd Avesingle_family321,104$540,0002026-07-09
3440 NW 209th Tersingle_family31888$380,0002026-07-06
17351 NW 29th Avesingle_family411,208$580,0002026-07-02
2980 NW 210th Tersingle_family531,931$615,0002026-07-01
17701 NW 32nd Ctsingle_family31864$400,0002026-06-30
2850 NW 205th Stsingle_family421,104$384,9002026-06-29
2010 NW 185th Tersingle_family321,250$459,9002026-06-26
19458 NW 28th Plsingle_family321,365$385,0002026-06-26
2210 NW 175th Stsingle_family321,635$382,5002026-06-23
3522 NW 193rd Stsingle_family321,304$325,0002026-06-23
18830 NW 29th Plsingle_family321,340$465,0002026-06-22
3610 NW 171st Stsingle_family42$575,0002026-06-22
2530 NW 204th Stsingle_family211,260$635,0002026-06-18

Widened to city-wide. 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
4301 NW 171st Stsingle_family742,280$749,000
17120 NW 17th Ctsingle_family742,590$619,000

10-year hold projection

IRR-0.1%
Equity multiple0.98x
Total return (10yr)$65,804
YearProperty valueNOICash flowLoan balanceEquity
1$540,749$14,013-$19,995$415,445$125,304
2$556,971$14,512-$19,536$410,579$146,392
3$573,681$15,029-$19,062$405,378$168,302
4$590,891$15,563-$18,570$399,821$191,070
5$608,618$16,114-$18,062$393,881$214,737
6$626,876$16,685-$17,536$387,534$239,342
7$645,683$17,275-$16,992$380,751$264,932
8$665,053$17,885-$16,429$373,502$291,551
9$685,005$18,515-$15,847$365,755$319,250
10$705,555$19,167-$15,245$357,476$348,079
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.