1243 NE 159th St
North Miami Beach, FL 33162 · single_family · For Sale · 59 days on market
Asking price$299,999
1 beds 1 baths 1,009 sqft
Listed by Holly Iannucci · La Rosa Realty Beaches LLC
Typesingle_family
Built1925
Price / sqft$297
Est. value (own analysis)$439,006
Rent estimate (own analysis)$1,448/mo
HOANone
1 / 2
Show every detail
Statusfor_sale
Listed date2026-07-05
Removed date—
MLSBeachesMLS #B26048835
Coordinates25.92203, -80.17502
Address1243 NE 159th St
CityNorth Miami Beach
StateFL
Zip33162
Listing ID6752123714
Sourceus-real-estate-listings, cached 2026-09-01
ZIP market snapshot (33162)
Typical home value (ZHVI)$472,330
Typical rent (ZORI)$2,262/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 | $299,999 |
| Down payment (20.0%) | $60,000 |
| Loan amount | $239,999 |
| Closing costs (5.0%) | $15,000 |
| Total cash to close | $75,000 |
| Income | |
| Rent (comp-derived) | $1,448$17,370 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,332$15,980 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $475$5,700 |
| Insurance (placeholder 0.8% of price) | $200$2,400 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $72$869 |
| Total operating expenses | $747$8,968 |
| 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) | $72$869 |
| 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 | 1 | 1 | 1,459 | $1,100 | 2026-08-08 | — | |
| single_family | 1 | 1 | 413 | $1,800 | — | — | |
| single_family | 1 | 1 | — | $1,800 | — | — | |
| single_family | 1 | 1 | 600 | $1,395 | 2026-05-20 | — | |
| single_family | 1 | 1 | 1,244 | $1,100 | 2026-07-02 | — | |
| single_family | 1 | 1 | 1,621 | $1,500 | 2026-03-11 | — | |
| single_family | 1 | 1 | — | $1,000 | 2024-02-16 | — | |
| single_family | 1 | 1 | 750 | $1,600 | 2026-08-03 | — |
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.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 1243 NE 159th St | single_family | 1 | 1 | 1,009 | $310,000 | 2026-09-02 |
| 1801 NE 176th St | single_family | 3 | 2 | 1,276 | $450,000 | 2026-09-01 |
| 785 NE 155th St | single_family | 3 | 2 | 2,741 | $580,000 | 2026-08-31 |
| 2174 NE 182nd St | single_family | 3 | 2 | 1,514 | $465,000 | 2026-08-28 |
| 1440 NE 174th St | single_family | 3 | 3 | 1,327 | $560,000 | 2026-08-25 |
| 300 NE 175th St | single_family | 3 | 2 | 1,074 | $655,000 | 2026-08-25 |
| 16500 NE 5th Ave | single_family | 3 | 1 | 1,650 | $400,000 | 2026-08-21 |
| 15250 NE 2nd Ave | single_family | 2 | 2 | 1,025 | $465,000 | 2026-08-21 |
| 345 NE 168th St | single_family | 2 | 1 | 702 | $195,000 | 2026-08-17 |
| 310 NE 162nd St | single_family | 4 | 3 | 1,536 | $525,000 | 2026-08-14 |
| 130 NE 152nd St | single_family | 3 | 2 | 2,632 | $625,000 | 2026-08-14 |
| 1635 NE 160th St | single_family | 2 | 1 | 976 | $430,000 | 2026-08-14 |
| 630 NE 165th St | single_family | 3 | 2 | 1,940 | $590,000 | 2026-08-11 |
| 1991 NE 178th St | single_family | 2 | 1 | 880 | $430,000 | 2026-08-11 |
| 1232 NE 181st St | single_family | 3 | 3 | 1,056 | $505,000 | 2026-08-11 |
| 651 NE 172nd St | single_family | 2 | 1 | 2,237 | $1,449,000 | 2026-08-07 |
| 16049 NE 9th Pl | single_family | 3 | 1 | 1,050 | $465,000 | 2026-08-06 |
| 17805 NE 7th Ct | single_family | 3 | 2 | 1,260 | $604,770 | 2026-08-05 |
| 280 NE 173rd St | single_family | 3 | 2 | 1,027 | $475,000 | 2026-08-04 |
| 479 NE 151st St | single_family | 3 | 1 | 1,195 | $400,000 | 2026-08-03 |
| 921 NE 159th St | single_family | 3 | 2 | 1,094 | $405,000 | 2026-08-03 |
| 1498 NE 180th St | single_family | 3 | 1 | 1,276 | $360,000 | 2026-07-31 |
| 1990 NE 181st St | single_family | 3 | 1 | 1,012 | $475,000 | 2026-07-30 |
| 550 NE 173rd St | single_family | 3 | 2 | 1,586 | $630,000 | 2026-07-29 |
| 840 NE 179th Ter | single_family | 3 | 2 | 1,817 | $750,000 | 2026-07-27 |
| 1560 NE 154th St | single_family | 4 | 2 | 900 | $475,000 | 2026-07-24 |
| 15206 NE 8th Ave | single_family | 2 | 1 | 850 | $510,000 | 2026-07-24 |
| 190 NE 173rd St | single_family | 2 | 2 | 1,513 | $700,000 | 2026-07-24 |
| 1432 NE 181st St | single_family | 2 | 2 | 1,356 | $499,900 | 2026-07-24 |
| 266 NE 162nd St | single_family | 3 | 2 | 1,014 | $540,000 | 2026-07-22 |
| 1674 NE 169th St | single_family | 3 | 2 | 1,100 | $560,000 | 2026-07-21 |
| 860 NE 171st Ter | single_family | 3 | 2 | 1,475 | $500,000 | 2026-07-20 |
| 1070 NE 158th St | single_family | 2 | 1 | 988 | $470,000 | 2026-07-20 |
| 2041 NE 182nd St | single_family | 2 | 2 | 1,034 | $510,000 | 2026-07-20 |
| 315 NE 160th Ter | single_family | 2 | 1 | 1,513 | $650,000 | 2026-07-16 |
| 1829 NE 176th St | single_family | 3 | 1 | 1,360 | $650,000 | 2026-07-15 |
| 175 NE 159th St | single_family | 4 | 2 | 1,749 | $670,000 | 2026-07-15 |
| 865 NE 174th St | single_family | 3 | 2 | 1,448 | $840,000 | 2026-07-14 |
| 271 NE 169th St | single_family | 2 | 1 | 910 | $330,000 | 2026-07-10 |
| 55 NE 171st Ter | single_family | 3 | 1 | 1,345 | $245,000 | 2026-07-08 |
| 990 NE 159th St | single_family | 3 | 1 | 1,256 | $400,000 | 2026-07-06 |
| 865 NE 177th St | single_family | 4 | 2 | 1,545 | $715,000 | 2026-07-06 |
| 640 NE 160th St | single_family | 3 | 2 | 1,462 | $480,000 | 2026-07-02 |
| 1025 NE 171st Ter | single_family | 3 | 2 | 1,482 | $770,000 | 2026-06-30 |
| 1380 NE 153rd St | single_family | 4 | 2 | 1,691 | $360,000 | 2026-06-30 |
| 18140 S Glades Dr | single_family | 3 | 2 | 1,460 | $1,400,000 | 2026-06-30 |
| 931 NE 173rd St | single_family | 5 | 2 | 2,868 | $1,725,000 | 2026-06-30 |
| 1263 NE 182nd St | single_family | 3 | 2 | 880 | $525,000 | 2026-06-26 |
| 261 NE 172nd St | single_family | 3 | 2 | 1,640 | $450,000 | 2026-06-25 |
| 17020 NE 11th Ave | single_family | 3 | 2 | 1,414 | $927,000 | 2026-06-24 |
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 |
|---|---|---|---|---|---|---|
| 16900 NE 14th Ave Apt 109 | condos | 1 | 1 | 688 | $65,000 | — |
| 15205 NE 6th Ave Apt D204 | condos | 1 | 2 | 740 | $173,950 | — |
| 2040 NE 163rd St Ph 2520 | condos | 1 | 1 | 812 | $908,300 | — |
| 2040 NE 163rd St Unit 808 | condos | 1 | 1 | 837 | $698,800 | — |
| 2040 NE 163rd St Unit 1810 | condos | 1 | 1 | 641 | $640,700 | — |
| 2040 NE 163rd St Ph 2506 | condos | 1 | 1 | — | $896,000 | — |
| 2040 NE 163rd St Unit 2115 | condos | 1 | 1 | — | $615,152 | — |
| 15205 NE 6th Ave Apt D104 | condos | 1 | 2 | 740 | $129,000 | — |
10-year hold projection
IRR-1.0%
Equity multiple0.84x
Total return (10yr)$26,816
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $308,999 | $7,012 | -$12,364 | $237,397 | $71,602 |
| 2 | $318,269 | $7,267 | -$12,131 | $234,616 | $83,653 |
| 3 | $327,817 | $7,531 | -$11,889 | $231,644 | $96,173 |
| 4 | $337,652 | $7,804 | -$11,639 | $228,469 | $109,183 |
| 5 | $347,781 | $8,087 | -$11,380 | $225,075 | $122,706 |
| 6 | $358,214 | $8,379 | -$11,112 | $221,448 | $136,767 |
| 7 | $368,961 | $8,681 | -$10,834 | $217,572 | $151,389 |
| 8 | $380,030 | $8,993 | -$10,547 | $213,429 | $166,601 |
| 9 | $391,431 | $9,316 | -$10,250 | $209,003 | $182,428 |
| 10 | $403,174 | $9,650 | -$9,942 | $204,272 | $198,902 |
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.