655 NE 80th St
Miami, FL 33138 · multi_family · For Sale · 11 days on market
Asking price$999,500
4 beds 3 baths 2,011 sqft
Suggested offer$700,693$298,807 above the est. market value of $700,693.
View on Realtor.com →Listed by Claudel Samson · Sole International Realty
Typemulti_family
Built1935
Price / sqft$497
Est. value (own analysis)$700,693
Rent estimate (building total, own analysis)$6,214/mo
HOANone
1 / 5
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Statusfor_sale
Listed date2026-08-23
Removed date—
MLSBeachesMLS #B26067450
Coordinates25.84894, -80.18349
Address655 NE 80th St
CityMiami
StateFL
Zip33138
Listing ID6685588966
Sourceus-real-estate-listings, cached 2026-08-30
ZIP market snapshot (33138)
Typical home value (ZHVI)$806,988
Typical rent (ZORI)$2,367/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 | $999,500 |
| Down payment (20.0%) | $199,900 |
| Loan amount | $799,600 |
| Closing costs (5.0%) | $49,975 |
| Total cash to close | $249,875 |
| Income | |
| Rent (estimate) | $6,214$74,568 |
| Vacancy loss (8.0%) | |
| Effective gross income | $5,717$68,602 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,583$18,991 |
| Insurance (placeholder 0.8% of price) | $666$7,996 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $311$3,728 |
| Total operating expenses | $2,560$30,715 |
| 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) | $311$3,728 |
| 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
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| multi_family | 4 | 2 | 1,686 | $3,400 | 2026-08-24 | — |
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 |
|---|---|---|---|---|---|---|
| 747 NE 72nd St | multi_family | 4 | 2 | 1,535 | $1,100,000 | 2026-06-24 |
| 6820 NE 5th Ave | multi_family | 4 | 4 | 2,350 | $965,500 | 2026-06-15 |
| 813 NE 81st St | multi_family | 4 | 2 | 3,123 | $1,150,000 | 2026-04-10 |
| 440 NE 71st St | multi_family | 4 | 2 | 2,016 | $662,500 | 2026-03-02 |
| 7530 NE 3rd Ave | multi_family | 4 | 2 | 1,448 | $430,000 | 2025-12-17 |
| 524 NE 71st St | multi_family | 4 | 2 | 2,150 | $690,000 | 2025-11-18 |
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.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 1085 NE 84th St | single_family | 4 | 3 | 1,925 | $1,299,000 | — |
| 670 NE 87th St | multi_family | 4 | 2 | 1,584 | $850,000 | — |
| 685 NE 81st St | single_family | 4 | 3 | 3,129 | $2,850,000 | — |
| 533-535 NE 67th St | multi_family | 4 | 4 | 1,000 | $1,059,000 | — |
| 776 NE 74th St | single_family | 4 | 4 | 1,834 | $1,950,000 | — |
| 420 NE 62nd St Unit B | condos | 4 | 5 | 2,786 | $1,850,000 | — |
| 420 NE 62nd St Unit A | townhomes | 4 | 5 | 2,786 | $1,850,000 | — |
| 910 NE 81st St | single_family | 4 | 3 | 1,808 | $1,480,000 | — |
10-year hold projection
IRR2.9%
Equity multiple1.46x
Total return (10yr)$246,731
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,029,485 | $37,888 | -$27,502 | $790,931 | $238,554 |
| 2 | $1,060,370 | $39,178 | -$26,305 | $781,666 | $278,704 |
| 3 | $1,092,181 | $40,511 | -$25,068 | $771,765 | $320,416 |
| 4 | $1,124,946 | $41,887 | -$23,789 | $761,184 | $363,762 |
| 5 | $1,158,694 | $43,309 | -$22,468 | $749,877 | $408,818 |
| 6 | $1,193,455 | $44,778 | -$21,102 | $737,793 | $455,663 |
| 7 | $1,229,259 | $46,295 | -$19,690 | $724,879 | $504,380 |
| 8 | $1,266,137 | $47,862 | -$18,231 | $711,078 | $555,058 |
| 9 | $1,304,121 | $49,480 | -$16,724 | $696,330 | $607,791 |
| 10 | $1,343,244 | $51,152 | -$15,166 | $680,569 | $662,675 |
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.