1114 NW 59th St
Miami, FL 33127 · single_family · For Sale · 44 days on market
Asking price$424,900
2 beds 1 baths 824 sqft
Listed by Gary Fonseca · Florida Home Sales and Invest.
Typesingle_family
Built—
Price / sqft$516
Est. value (Realtor.com)$428,100
Rent estimate (own analysis)$2,725/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood3/10moderate$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-07-20
Removed date—
MLSMiamiMLS #A12050096
Coordinates25.83001, -80.21492
Address1114 NW 59th St
CityMiami
StateFL
Zip33127
Listing ID6705001404
Sourcerealtor, cached 2026-08-21
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)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $424,900 |
| Down payment (20.0%) | $84,980 |
| Loan amount | $339,920 |
| Closing costs (5.0%) | $21,245 |
| Total cash to close | $106,225 |
| Income | |
| Rent (comp-derived) | $2,725$32,700 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,507$30,084 |
| Operating expenses | |
| Property tax (real MLS tax bill, from Realtor Search) | $490$5,880 |
| Insurance (est. scaled by flood & wind risk) | $453$5,439 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $136$1,635 |
| Total operating expenses | $1,079$12,954 |
| 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) | $136$1,635 |
| 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.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| single_family | 2 | 1 | 824 | $2,695 | 2026-07-20 | — | |
| single_family | 2 | 2 | 820 | $2,400 | 2026-06-29 | — | |
| single_family | 2 | 1 | 1,050 | $2,700 | 2026-05-29 | — | |
| single_family | 2 | 3 | 805 | $3,350 | 2026-05-25 | — | |
| single_family | 2 | 1 | 850 | $2,750 | 2026-07-31 | — | |
| single_family | 2 | 2 | 725 | $3,499 | 2026-04-23 | — |
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 |
|---|---|---|---|---|---|---|
| 1139 NW 37th St | single_family | 2 | 1 | 1,004 | $520,000 | 2026-08-24 |
| 1176 NW 32nd St | single_family | 2 | 1 | 1,400 | $155,000 | 2026-08-02 |
| 126 NW 33rd St | single_family | 2 | 1 | 1,822 | $1,250,000 | 2026-07-21 |
| 344 NW 41st St | single_family | 2 | 1 | 927 | $610,000 | 2026-07-08 |
| 286 NW 57th St | single_family | 2 | 2 | 1,717 | $450,000 | 2026-06-23 |
| 598 NW 53rd St | single_family | 2 | 1 | 948 | $550,000 | 2026-06-16 |
| 315 NW 53rd St | single_family | 2 | 1 | 961 | $600,000 | 2026-06-16 |
| 1090 NW 39th St | single_family | 2 | 1 | 1,389 | $465,000 | 2026-06-11 |
| 4711 NW 11th Ave | single_family | 2 | 1 | 1,222 | $560,000 | 2026-06-03 |
| 85 NW 47th St | single_family | 2 | 1 | 1,200 | $844,000 | 2026-05-20 |
| 260 NW 34th St | single_family | 2 | 1 | 984 | $750,000 | 2026-05-18 |
| 276 NW 40th St | single_family | 2 | 1 | 1,682 | $700,000 | 2026-05-18 |
| 446 NW 45th St | single_family | 2 | 2 | 1,169 | $555,000 | 2026-05-14 |
| 578 NW 48th St | single_family | 2 | 1 | 1,026 | $713,000 | 2026-05-04 |
| 5555 N Miami Ave | single_family | 2 | 1 | 1,086 | $500,000 | 2026-05-04 |
| 10 NW 51st St | single_family | 2 | 1 | 1,232 | $672,000 | 2026-05-01 |
| 246 NW 39th St | single_family | 2 | 2 | 776 | $500,000 | 2026-04-30 |
| 272 NW 42nd St | single_family | 2 | 1 | 977 | $745,000 | 2026-04-30 |
| 1121 NW 56th St | single_family | 2 | 1 | 1,261 | $375,000 | 2026-04-27 |
| 260 NW 43rd St | single_family | 2 | 1 | 958 | $750,000 | 2026-04-22 |
| 268 NW 48th St | single_family | 2 | 3 | — | $950,000 | 2026-04-14 |
| 585 NW 35th St | single_family | 2 | 2 | 1,042 | $6,167,000 | 2026-04-08 |
| 500 NW 46th St | single_family | 2 | 1 | 1,098 | $594,000 | 2026-04-07 |
| 1045 NW 52nd St | single_family | 2 | 1 | 1,507 | $550,000 | 2026-03-30 |
| 307 NW 37th St | single_family | 2 | 1 | 1,435 | $1,099,000 | 2026-03-26 |
| 85 NW 52nd St | single_family | 2 | 1 | 804 | $590,000 | 2026-03-19 |
| 349 NW 46th St | single_family | 2 | 1 | 1,380 | $665,000 | 2026-03-11 |
| 819 NW 47th St | single_family | 2 | 1 | 1,090 | $405,000 | 2026-03-02 |
| 85 NW 47th Ter | single_family | 2 | 1 | 1,316 | $830,000 | 2026-02-04 |
| 118 NW 44th St | single_family | 2 | 2 | 1,329 | $775,000 | 2026-01-30 |
| 4921 NW 6th Ave | single_family | 2 | 1 | 1,267 | $850,000 | 2026-01-15 |
| 1065 NW 50th St | single_family | 2 | 1 | 1,064 | $548,400 | 2026-01-12 |
| 4765 N Miami Ave | single_family | 2 | 2 | 1,259 | $828,000 | 2026-01-09 |
| 524 NW 44th St | single_family | 2 | 1 | 1,534 | $970,000 | 2025-12-24 |
| 299 NW 43rd St | single_family | 2 | 2 | 1,086 | $600,000 | 2025-12-15 |
| 64 NW 52nd St | single_family | 2 | 1 | 1,601 | $820,000 | 2025-11-24 |
| 5636 NW 4th Ave | single_family | 2 | 1 | 984 | $550,000 | 2025-11-18 |
| 2025 NW 6th Pl | single_family | 2 | 1 | 956 | $250,000 | 2025-11-12 |
| 47 NW 49th St | single_family | 2 | 1 | 1,715 | $650,000 | 2025-11-06 |
| 5108 NW 3rd Ave | single_family | 2 | 1 | 936 | $520,000 | 2025-10-27 |
| 3500 NW 12th Ave | single_family | 2 | 1 | 1,188 | $750,000 | 2025-10-20 |
| 350 NW 45th St | single_family | 2 | 1 | 1,571 | $552,939 | 2025-10-15 |
| 1018 NW 26th St | single_family | 2 | 1 | 893 | $450,000 | 2025-09-15 |
| 3125 NW 3rd Ave | single_family | 2 | 1 | 1,674 | $1,100,000 | 2025-09-11 |
| 934 NW 45th St | single_family | 2 | 1 | 1,249 | $490,000 | 2025-09-03 |
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.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 1075 NW 28th St | multi_family | 2 | 2 | 1,266 | $525,000 | — |
| 2700 NW 2nd Ave Unit 442 | condos | 2 | 2 | — | $1,300,000 | — |
| 21 NW 61st St | single_family | 2 | 1 | 972 | $550,000 | — |
| 266 NW 32nd St | single_family | 2 | 1 | 1,343 | $1,200,000 | — |
| 2700 NW 2nd Ave Unit 422 | condos | 2 | 2 | 830 | $1,790,000 | — |
| 270-272 NW 35th St | multi_family | 2 | 2 | 900 | $900,000 | — |
| 2700 NW 2nd Ave Unit 743 | condos | 2 | 2 | 840 | $1,275,900 | — |
| 2700 NW 2nd Ave Unit 642 | condos | 2 | 2 | 840 | $1,230,000 | — |
10-year hold projection
IRR3.5%
Equity multiple1.57x
Total return (10yr)$116,038
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $437,647 | $17,130 | -$10,718 | $336,234 | $101,413 |
| 2 | $450,776 | $17,709 | -$10,180 | $332,296 | $118,481 |
| 3 | $464,300 | $18,307 | -$9,624 | $328,087 | $136,213 |
| 4 | $478,229 | $18,924 | -$9,050 | $323,589 | $154,640 |
| 5 | $492,576 | $19,561 | -$8,456 | $318,782 | $173,794 |
| 6 | $507,353 | $20,220 | -$7,843 | $313,645 | $193,708 |
| 7 | $522,573 | $20,900 | -$7,210 | $308,155 | $214,419 |
| 8 | $538,251 | $21,602 | -$6,555 | $302,288 | $235,963 |
| 9 | $554,398 | $22,327 | -$5,878 | $296,018 | $258,380 |
| 10 | $571,030 | $23,075 | -$5,180 | $289,318 | $281,712 |
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.