860 NW 106th Ave Unit 3B3-5
Miami, FL 33172 · townhomes · For Sale · 27 days on market
Asking price$405,000
3 beds 2 baths 1,360 sqft
Listed by Pauline Torres · Equitable Company Realtors
Typetownhomes
Built1982
Price / sqft$298
Est. value (own analysis)$423,722
Rent estimate (own analysis)$3,100/mo
HOA$490/mo
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Statusfor_sale
Listed date2026-08-06
Removed date—
MLSMiamiMLS #A12066607
Coordinates25.77672, -80.36861
Address860 NW 106th Ave Unit 3B3-5
CityMiami
StateFL
Zip33172
Listing ID6716873281
Sourceus-real-estate-listings, cached 2026-09-01
ZIP market snapshot (33172)
Typical home value (ZHVI)$300,752
Typical rent (ZORI)$2,402/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 | $405,000 |
| Down payment (20.0%) | $81,000 |
| Loan amount | $324,000 |
| Closing costs (5.0%) | $20,250 |
| Total cash to close | $101,250 |
| Income | |
| Rent (comp-derived) | $3,100$37,200 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,852$34,224 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $641$7,695 |
| Insurance (placeholder 0.8% of price) | $270$3,240 |
| HOA dues | $490$5,880 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $155$1,860 |
| Total operating expenses | $1,556$18,675 |
| 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) | $155$1,860 |
| 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 |
|---|---|---|---|---|---|---|---|
| townhomes | 3 | 3 | 1,536 | $2,900 | 2026-08-17 | — | |
| townhomes | 3 | 3 | 1,546 | $3,100 | 2026-08-05 | — | |
| townhomes | 3 | 2 | 1,280 | $3,100 | 2026-07-26 | — | |
| townhomes | 3 | 3 | 1,520 | $3,150 | 2026-07-09 | — | |
| townhomes | 3 | 2 | 1,083 | $2,725 | 2026-06-30 | — | |
| townhomes | 3 | 3 | 1,822 | $3,700 | 2026-06-17 | — |
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 |
|---|---|---|---|---|---|---|
| 11479 NW 4 LN | TOTAL VALUE : TOWNHOUSE | 3 | 2 | 1,128 | $350,000 | 2025-10-06 |
| 3058 NW 103 PATH | TOTAL VALUE : TOWNHOUSE | 3 | 2 | 1,854 | $620,000 | 2025-07-25 |
| 10322 NW 30 TER | TOTAL VALUE : TOWNHOUSE | 3 | 2 | 1,854 | $184,200 | 2025-07-10 |
| 1008 NW 102 PL | TOTAL VALUE : TOWNHOUSE | 3 | 3 | 1,652 | $595,000 | 2025-02-21 |
| 10333 NW 32 TER | TOTAL VALUE : TOWNHOUSE | 3 | 2 | 1,854 | $550,000 | 2025-01-17 |
| 433 NW 115 CT | TOTAL VALUE : TOWNHOUSE | 3 | 2 | 1,128 | $380,000 | 2024-12-30 |
| 3156 NW 103 PATH | TOTAL VALUE : TOWNHOUSE | 3 | 2 | 1,838 | $570,000 | 2024-10-04 |
| 3123 NW 101 PL | TOTAL VALUE : TOWNHOUSE | 3 | 2 | 1,822 | $620,000 | 2024-06-27 |
| 988 NW 99 CT | TOTAL VALUE : TOWNHOUSE | 3 | 2 | 1,608 | $578,000 | 2024-04-15 |
| 3160 NW 103 PATH | TOTAL VALUE : TOWNHOUSE | 3 | 2 | 1,854 | $580,000 | 2024-01-11 |
| 448 NW 114 PL | TOTAL VALUE : TOWNHOUSE | 3 | 2 | 1,399 | $440,000 | 2023-12-01 |
| 10329 NW 32 TER | TOTAL VALUE : TOWNHOUSE | 3 | 2 | 1,838 | $540,000 | 2023-10-19 |
| 1016 NW 102 PL | TOTAL VALUE : TOWNHOUSE | 3 | 3 | 1,652 | $495,000 | 2023-07-21 |
| 1022 NW 102 CT | TOTAL VALUE : TOWNHOUSE | 3 | 2 | 1,608 | $525,000 | 2023-05-09 |
| 10121 NW 32 TER | TOTAL VALUE : TOWNHOUSE | 3 | 2 | 1,822 | $521,100 | 2023-03-28 |
| 3244 NW 103 PL | TOTAL VALUE : TOWNHOUSE | 3 | 2 | 1,854 | $530,000 | 2022-10-24 |
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 |
|---|---|---|---|---|---|---|
| 260 NW 109th Ave Apt 204 | condos | 3 | 3 | 1,349 | $445,000 | — |
| 9340 Fontainebleau Blvd Unit W507 | condos | 3 | 2 | 1,177 | $385,000 | — |
| 10895 NW 7th St Unit 14-28 | condos | 3 | 2 | 1,215 | $315,000 | — |
| 291 W Park Dr Unit 9-201 | condos | 3 | 2 | 1,130 | $364,999 | — |
| 9240 Fontainebleau Blvd Apt 204 | condos | 3 | 3 | 1,610 | $329,900 | — |
| 501 NW 98th Ct Unit 501 | condos | 3 | 3 | 1,546 | $473,000 | — |
| 10875 NW 7th St Unit 23-36 | condos | 3 | 2 | 1,215 | $385,000 | — |
| 10339 NW 9th St Cir Unit 2-2 | condos | 3 | 2 | 1,245 | $400,000 | — |
10-year hold projection
IRR2.9%
Equity multiple1.46x
Total return (10yr)$99,943
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $417,150 | $15,549 | -$11,296 | $320,487 | $96,663 |
| 2 | $429,665 | $16,109 | -$10,783 | $316,733 | $112,931 |
| 3 | $442,554 | $16,688 | -$10,252 | $312,721 | $129,833 |
| 4 | $455,831 | $17,287 | -$9,702 | $308,434 | $147,397 |
| 5 | $469,506 | $17,906 | -$9,133 | $303,852 | $165,654 |
| 6 | $483,591 | $18,546 | -$8,544 | $298,955 | $184,636 |
| 7 | $498,099 | $19,208 | -$7,934 | $293,723 | $204,376 |
| 8 | $513,042 | $19,892 | -$7,304 | $288,131 | $224,911 |
| 9 | $528,433 | $20,600 | -$6,651 | $282,155 | $246,278 |
| 10 | $544,286 | $21,332 | -$5,976 | $275,768 | $268,518 |
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.