15600 NW 7th Ave Apt 821
Miami, FL 33169 · condos · For Sale · 632 days on market
Asking price$167,000
1 beds 1 baths 840 sqft
Suggested offer$116,949$50,051 above the est. market value of $116,949.
View on Realtor.com →Listed by Fernanda Ibarra · Direct Realty Solutions
Typecondos
Built1972
Price / sqft$199
Est. value (own analysis)$116,949
Rent estimate (own analysis)$1,650/mo
HOA$343/mo
Wind10/10Extreme$Heat10/10ExtremeFlood6/10major$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2024-12-09
Removed date—
MLSMiamiMLS #A11705628
Coordinates25.91768, -80.21268
Address15600 NW 7th Ave Apt 821
CityMiami
StateFL
Zip33169
Listing ID6760984296
Sourceus-real-estate-listings, cached 2026-09-01
ZIP market snapshot (33169)
Typical home value (ZHVI)$471,445
Typical rent (ZORI)$2,193/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 | $167,000 |
| Down payment (20.0%) | $33,400 |
| Loan amount | $133,600 |
| Closing costs (5.0%) | $8,350 |
| Total cash to close | $41,750 |
| Income | |
| Rent (comp-derived) | $1,650$19,800 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,518$18,216 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $264$3,173 |
| Insurance (est. scaled by flood & wind risk) | $195$2,338 |
| HOA dues | $343$4,116 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $83$990 |
| Total operating expenses | $885$10,617 |
| 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) | $83$990 |
| 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 |
|---|---|---|---|---|---|---|---|
| condos | 1 | 1 | 840 | $1,450 | 2026-08-20 | — | |
| condos | 1 | 1 | 826 | $1,490 | 2026-08-19 | — | |
| apartment | 1 | 1 | 609 | $2,209 | 2025-11-12 | — | |
| apartment | 1 | 1 | 900 | $1,969 | 2025-04-12 | — | |
| apartment | 1 | 1 | 840 | $1,700 | 2026-08-12 | — | |
| condos | 1 | 1 | 840 | $1,390 | 2026-08-11 | — | |
| apartment | 1 | 1 | 826 | $1,600 | 2026-08-11 | — | |
| condos | 1 | 1 | 826 | $1,575 | 2026-08-10 | — | |
| condos | 1 | 1 | 826 | $1,600 | 2026-07-20 | — | |
| condos | 1 | 2 | 775 | $1,700 | 2026-07-16 | — | |
| condos | 1 | 1 | 840 | $1,500 | 2026-07-08 | — | |
| apartment | 1 | 1 | 826 | $1,650 | 2026-07-07 | — | |
| condos | 1 | 1 | 826 | $1,600 | 2026-06-27 | — | |
| condos | 1 | 1 | 826 | $1,500 | 2026-06-25 | — | |
| condos | 1 | 1 | 826 | $1,700 | 2026-06-17 | — | |
| condos | 1 | 1 | 826 | $1,600 | 2026-05-29 | — | |
| condos | 1 | 1 | 826 | $1,600 | 2026-05-23 | — | |
| condos | 1 | 1 | 840 | $1,500 | 2026-05-20 | — | |
| condos | 1 | 1 | 826 | $1,725 | 2026-04-28 | — | |
| apartment | 1 | 1 | 820 | $1,700 | 2026-07-30 | — | |
| condos | 1 | 1 | 700 | $1,600 | 2025-06-16 | — | |
| condos | 1 | 1 | 826 | $1,550 | 2026-08-24 | — | |
| condos | 1 | 1 | 826 | $1,600 | 2026-04-22 | — | |
| condos | 1 | 1 | 826 | $1,450 | 2026-03-21 | — | |
| condos | 1 | 1 | 720 | $1,650 | 2026-03-11 | — | |
| condos | 1 | 1 | 560 | $1,400 | 2026-02-17 | — | |
| apartment | 1 | 1 | 625 | $1,475 | — | — | |
| apartment | 1 | 1 | 600 | $1,100 | — | — | |
| apartment | 1 | 1 | 576 | $1,595 | — | — | |
| apartment | 1 | 1 | 576 | $1,595 | — | — | |
| apartment | 1 | 1 | 576 | $1,720 | — | — | |
| apartment | 1 | 1 | 576 | $1,595 | — | — | |
| apartment | 1 | 1 | 576 | $1,595 | — | — | |
| apartment | 1 | 1 | 576 | $1,795 | — | — | |
| apartment | 1 | 1 | 576 | $1,570 | — | — | |
| apartment | 1 | 1 | 576 | $1,595 | — | — | |
| apartment | 1 | 1 | 576 | $1,695 | — | — | |
| apartment | 1 | 1 | 576 | $1,720 | — | — | |
| apartment | 1 | 1 | 576 | $1,695 | — | — | |
| apartment | 1 | 1 | 870 | $1,599 | — | — | |
| apartment | 1 | 1 | 609 | $1,899 | — | — | |
| apartment | 1 | 1 | 609 | $2,004 | — | — | |
| apartment | 1 | 1 | 609 | $2,034 | — | — | |
| apartment | 1 | 1 | 609 | $1,999 | — | — | |
| apartment | 1 | 1 | 609 | $2,099 | — | — | |
| apartment | 1 | 1 | 609 | $2,069 | — | — | |
| apartment | 1 | 1 | 609 | $2,160 | — | — | |
| apartment | 1 | 1 | 609 | $2,160 | — | — | |
| apartment | 1 | 1 | 609 | $2,160 | — | — | |
| apartment | 1 | 1 | 609 | $2,160 | — | — | |
| apartment | 1 | 1 | 609 | $2,044 | — | — | |
| apartment | 1 | 1 | 609 | $2,084 | — | — | |
| apartment | 1 | 1 | 609 | $2,160 | — | — | |
| apartment | 1 | 1 | 767 | $2,528 | — | — | |
| apartment | 1 | 1 | 768 | $2,798 | — | — | |
| apartment | 1 | 1 | 768 | $2,753 | — | — | |
| apartment | 1 | 1 | 705 | $1,545 | — | — | |
| apartment | 1 | 1 | 1,000 | $1,949 | — | — | |
| apartment | 1 | 1 | 790 | $2,485 | — | — | |
| apartment | 1 | 1 | 768 | $2,438 | — | — | |
| apartment | 1 | 1 | 893 | $1,525 | — | — | |
| apartment | 1 | 1 | 890 | $1,650 | — | — | |
| apartment | 1 | 1 | 870 | $1,599 | — | — | |
| apartment | 1 | 1 | 715 | $1,525 | — | — | |
| apartment | 1 | 1 | 767 | $2,844 | — | — | |
| condos | 1 | 1 | 900 | $1,800 | — | — | |
| apartment | 1 | 1 | 890 | $1,650 | — | — | |
| apartment | 1 | 1 | 890 | $1,650 | — | — | |
| apartment | 1 | 1 | 730 | $2,100 | 2024-12-05 | — | |
| condos | 1 | 2 | 785 | $1,550 | 2026-07-22 | — | |
| condos | 1 | 1 | 720 | $1,650 | 2026-06-24 | — | |
| condos | 1 | 1 | 620 | $1,450 | 2025-09-10 | — | |
| condos | 1 | 1 | 620 | $1,500 | 2026-08-11 | — | |
| apartment | 1 | 1 | 625 | $1,434 | — | — | |
| apartment | 1 | 1 | 845 | $1,535 | — | — | |
| apartment | 1 | 1 | 790 | $2,485 | — | — | |
| apartment | 1 | 1 | 768 | $2,724 | — | — | |
| apartment | 1 | 1 | 870 | $1,599 | — | — | |
| apartment | 1 | 1 | 900 | $1,944 | — | — | |
| apartment | 1 | 1 | 900 | $1,944 | — | — | |
| apartment | 1 | 1 | 890 | $1,900 | — | — | |
| apartment | 1 | 1 | 870 | $1,850 | — | — | |
| apartment | 1 | 1 | 768 | $2,724 | — | — | |
| apartment | 1 | 1 | 705 | $1,545 | 2026-06-01 | — | |
| condos | 1 | 1 | 620 | $1,500 | 2026-04-08 | — | |
| apartment | 1 | 1 | 845 | $1,535 | 2026-09-01 | — |
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 |
|---|---|---|---|---|---|---|
| 505 NW 177th St Apt 136 | condos | 1 | 1 | 730 | $140,000 | 2026-08-11 |
| 496 NW 165th St Rd Apt D214 | condos | 1 | 1 | 826 | $99,999 | 2026-08-08 |
| 492 NW 165th St Rd Apt C314 | condos | 1 | 1 | 826 | $105,000 | 2026-05-29 |
| 505 NW 177th St Apt 139 | condos | 1 | 1 | 730 | $130,000 | 2026-05-15 |
| 5366925887 | condos | 1 | 1 | 576 | $84,500 | 2026-04-17 |
| 496 NW 165th St Rd Apt D211 | condos | 1 | 1 | 826 | $115,000 | 2026-02-04 |
| 484 NW 165th St Rd Apt A214 | condos | 1 | 1 | 826 | $115,000 | 2026-02-01 |
| 15600 NW 7th Ave Apt 301 | condos | 1 | 1 | 840 | $119,000 | 2026-01-13 |
| 15600 NW 7th Ave Apt 515 | condos | 1 | 1 | 840 | $110,000 | 2026-01-12 |
| 15600 NW 7th Ave Apt 618 | condos | 1 | 1 | 840 | $94,000 | 2025-12-18 |
| 50 NW 204th St Apt 24 | condos | 1 | 1 | 576 | $105,000 | 2025-11-26 |
| 301 NW 177th St Apt 104 | condos | 1 | 1 | 730 | $130,000 | 2025-11-06 |
| 15600 NW 7th Ave Apt 311 | condos | 1 | 1 | 840 | $112,000 | 2025-09-11 |
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 |
|---|---|---|---|---|---|---|
| 496 NW 165th St Rd Apt D410 | condos | 1 | 1 | 826 | $113,000 | — |
| 16450 NW 2nd Ave Apt 207 | condos | 1 | 1 | 770 | $125,000 | — |
| 486 NW 165th St Rd Apt B307 | condos | 1 | 1 | 842 | $138,000 | — |
| 15600 NW 7th Ave Apt 511 | condos | 1 | 1 | 840 | $145,000 | — |
| 15600 NW 7th Ave Apt 704 | condos | 1 | 1 | 840 | $140,000 | — |
| 482 NW 165th St Rd Apt A504 | condos | 1 | 1 | 826 | $140,000 | — |
| 15600 NW 7th Ave Apt 421 | condos | 1 | 1 | 840 | $105,000 | — |
| 492 NW 165th St Rd Apt C211 | condos | 1 | 1 | 826 | $94,000 | — |
10-year hold projection
IRR4.7%
Equity multiple1.75x
Total return (10yr)$53,085
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $172,010 | $7,599 | -$3,694 | $132,151 | $39,859 |
| 2 | $177,170 | $7,880 | -$3,437 | $130,604 | $46,567 |
| 3 | $182,485 | $8,171 | -$3,172 | $128,949 | $53,536 |
| 4 | $187,960 | $8,472 | -$2,897 | $127,181 | $60,779 |
| 5 | $193,599 | $8,783 | -$2,612 | $125,292 | $68,307 |
| 6 | $199,407 | $9,105 | -$2,318 | $123,273 | $76,134 |
| 7 | $205,389 | $9,438 | -$2,012 | $121,115 | $84,274 |
| 8 | $211,551 | $9,783 | -$1,696 | $118,809 | $92,741 |
| 9 | $217,897 | $10,140 | -$1,369 | $116,345 | $101,552 |
| 10 | $224,434 | $10,509 | -$1,030 | $113,712 | $110,722 |
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.