9407 NW 4th Ave

Miami, FL 33150 · single_family · For Sale · 23 days on market
Asking price$564,900
3 beds 1 baths 1,364 sqft
Suggested offer$554,111$10,789 above the est. market value of $554,111.
View on Realtor.com →
Listed by Pedro Hidalgo · Prime Realty Of South Florida
Typesingle_family
Built1923
Price / sqft$414
Est. value (own analysis)$554,111
Rent estimate (own analysis)$3,500/mo
HOANone
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Neighborhood

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Statusfor_sale
Listed date2026-08-10
Removed date
MLSMiamiMLS #A12067769
Coordinates25.86161, -80.20427
Address9407 NW 4th Ave
CityMiami
StateFL
Zip33150
Listing ID6798522961
Sourceus-real-estate-listings, cached 2026-08-31

ZIP market snapshot (33150)

Typical home value (ZHVI)$453,432
Typical rent (ZORI)$2,416/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)

Purchase price$564,900
Down payment (20.0%)$112,980
Loan amount$451,920
Closing costs (5.0%)$28,245
Total cash to close$141,225
Rent (comp-derived)$3,500$42,000
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$42,000
Vacancy rate (assumption) assumption8.0%

$42,000 × 8.0% = $3,360

Effective gross income$3,220$38,640
Property tax (placeholder 1.9% of price)$894$10,733
Insurance (placeholder 0.8% of price)$377$4,519
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$175$2,100
Total operating expenses$1,446$17,352
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$38,640
Total operating expenses derived$17,352

$38,640 − $17,352 = $21,288

Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing)

Monthly Principal & Interest

Standard amortization on the loan amount, at the effective rate and term

Loan amount derived$451,920
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$451,920 amortized at 6.7% over 30 years = $2,904/mo

CapEx reserve (5.0% of GSR)$175$2,100
Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%)$0$0
Cash flow

Monthly Cash Flow

(NOI − Annual Debt Service − Annual CapEx Reserve − Annual PMI) ÷ 12

NOI derived$21,288
Annual debt service derived$34,850
Annual CapEx reserve assumption$2,100
Annual PMI assumption$0

($21,288 − $34,850 − $2,100 − $0) ÷ 12 = -$1,305

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$21,288
Purchase price data$564,900

$21,288 ÷ $564,900 = 3.8%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$15,662
Total cash to close derived$141,225

-$15,662 ÷ $141,225 = -11.1%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$21,288
Annual debt service derived$34,850

$21,288 ÷ $34,850 = 0.61

Rent-to-price (1% rule)

Rent-to-Price (the "1% rule")

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$42,000
Purchase price data$564,900

($42,000 ÷ 12) ÷ $564,900 = 0.6%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$564,900
Gross scheduled rent (annual) comp$42,000

$564,900 ÷ $42,000 = 13.4

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$17,352
Effective gross income derived$38,640

$17,352 ÷ $38,640 = 44.9%

Break-even occupancy

Break-Even Occupancy

(Total OpEx + Annual Debt Service + Annual PMI) ÷ Gross Scheduled Rent

Total operating expenses derived$17,352
Annual debt service derived$34,850
Annual PMI assumption$0
Gross scheduled rent (annual) comp$42,000

($17,352 + $34,850 + $0) ÷ $42,000 = 124.3%

Comparables

Same ZIP. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family321,200$3,5002026-08-18
single_family321,812$3,8002026-08-05
single_family321,086$3,5002026-07-24
single_family311,021$2,6002026-07-13
single_family321,142$3,5002026-06-11
single_family311,400$2,5002026-05-29
single_family321,812$3,8002026-08-04
single_family32953$2,8502026-07-30
single_family321,772$3,000
single_family331,400$4,000
single_family321,400$3,0002026-08-26
single_family321,368$4,7002026-08-07
single_family321,230$5,0002026-08-26
single_family321,500$5,7752026-05-29
single_family321,146$4,9502026-08-02
single_family321,100$3,200
single_family321,831$4,9502026-08-16
single_family331,350$3,450
single_family321,146$4,950
single_family321,140$3,0002026-08-29
single_family311,150$3,0002026-08-31

399 NW 98th St Unit 399

Miami, 33150 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,200
Listed2026-08-18
Days on market

Asking rent: $3,500

View on Zillow →

444 NW 77th St # A

Miami, 33150 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,812
Listed2026-08-05
Days on market

Asking rent: $3,800

View on Zillow →

6344 NW Miami Pl

Miami, 33150 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,086
Listed2026-07-24
Days on market

Asking rent: $3,500

View on Zillow →

1012 NW 66th St Unit 0

Miami, 33150 · rent comp

Bedrooms / bathrooms3 bd / 1 ba
Square footage1,021
Listed2026-07-13
Days on market

Asking rent: $2,600

View on Zillow →

9615 NW 3rd Ave

Miami, 33150 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,142
Listed2026-06-11
Days on market

Asking rent: $3,500

View on Zillow →

1185 NW 100th St Unit 1185

Miami, 33150 · rent comp

Bedrooms / bathrooms3 bd / 1 ba
Square footage1,400
Listed2026-05-29
Days on market

Asking rent: $2,500

View on Zillow →

Miami, 33150 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,812
Listed2026-08-04
Days on market

Asking rent: $3,800

View on Zillow →

1160 NW 105th St

Miami, 33150 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage953
Listed2026-07-30
Days on market

Asking rent: $2,850

View on Zillow →

775 NW 96th St

Miami, 33150 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,772
Listed
Days on market

Asking rent: $3,000

View on Zillow →

6852 NW 4th Ave # 0

Miami, 33150 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,400
Listed
Days on market

Asking rent: $4,000

View on Zillow →

7737 NW 9th Ave Unit 7737

Miami, 33150 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,400
Listed2026-08-26
Days on market

Asking rent: $3,000

View on Zillow →

142 NW 98th St

Miami Shores, 33150 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,368
Listed2026-08-07
Days on market

Asking rent: $4,700

View on Zillow →

125 NW 88th St Unit 0

El Portal, 33150 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,230
Listed2026-08-26
Days on market

Asking rent: $5,000

View on Zillow →

66 NW 87th St

El Portal, 33150 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,500
Listed2026-05-29
Days on market

Asking rent: $5,775

View on Zillow →

490 NW 90th St

El Portal, 33150 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,146
Listed2026-08-02
Days on market

Asking rent: $4,950

View on Zillow →

9634 NW 2nd Ave

Miami Shores, 33150 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,100
Listed
Days on market

Asking rent: $3,200

View on Zillow →

53 NW 93rd St

Miami Shores, 33150 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,831
Listed2026-08-16
Days on market

Asking rent: $4,950

View on Zillow →

124 NW 89th St # 124

El Portal, 33150 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,350
Listed
Days on market

Asking rent: $3,450

View on Zillow →

490 NW 90th St # Fl33150

El Portal, 33150 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,146
Listed
Days on market

Asking rent: $4,950

View on Zillow →

790 NW 64th St

Miami, 33150 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,140
Listed2026-08-29
Days on market

Asking rent: $3,000

View on Zillow →

Miami, 33150 · rent comp

Bedrooms / bathrooms3 bd / 1 ba
Square footage1,150
Listed2026-08-31
Days on market

Asking rent: $3,000

View on Zillow →

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
751 NW 70th Stsingle_family321,372$535,0002026-08-24
1086 NW 101st Stsingle_family31946$360,0002026-08-10
943 NW 63rd Stsingle_family311,021$415,0002026-08-10
28 NW 100th Stsingle_family321,976$778,0002026-08-03
430 NW 88th Stsingle_family321,908$1,030,0002026-07-30
172 NW 90th Stsingle_family321,697$1,225,0002026-07-27
7740 NW 8th Avesingle_family321,210$409,0002026-07-21
470 NW 88th Tersingle_family321,678$1,055,0002026-07-10
117 NW 102nd Stsingle_family321,393$825,0002026-06-30
440 NW 89th Stsingle_family321,920$580,0002026-06-24
7631 NW 4th Avesingle_family311,070$435,0002026-06-22
410 NW 98th Stsingle_family32957$420,0002026-06-22
6723 NW 6th Avesingle_family321,400$549,0002026-06-12
1129 NW 105th Stsingle_family321,338$340,0002026-06-09
510 NW 105th Stsingle_family321,463$680,0002026-06-08
25 NW 104th Stsingle_family311,460$785,0002026-05-26
118 NW 103rd Stsingle_family321,433$901,0002026-05-21
8700 N Miami Avesingle_family321,500$975,0002026-05-11
1061 NW 87th Stsingle_family321,642$640,0002026-05-06
7742 NW 2nd Avesingle_family32852$400,0002026-05-06
9511 NW 5th Avesingle_family321,328$580,0002026-05-05
6940 NW 5th Plsingle_family321,260$505,0002026-05-01
9900 NW 12th Avesingle_family312,147$480,0002026-05-01
574 NW 98th Stsingle_family321,376$530,0002026-04-29
827 NW 73rd Stsingle_family321,635$438,0002026-04-24
1011 NW 89th Stsingle_family331,751$710,0002026-04-23
808 NW 75th Stsingle_family321,503$450,0002026-04-23
830 NW 74th Stsingle_family31995$425,0002026-04-23
9518 N Miami Avesingle_family311,281$955,0002026-04-23
1090 NW 77th Stsingle_family321,640$565,0002026-04-22
755 NW 83rd Stsingle_family321,470$583,0002026-04-10
151 NW 87th Stsingle_family331,950$1,925,0002026-04-09
944 NW 64th Stsingle_family321,330$540,0002026-04-07
291 NW 95th Stsingle_family321,210$575,0002026-04-07
9416 NW 4th Avesingle_family321,351$300,0002026-04-03
940 NW 67th Stsingle_family321,473$340,0002026-04-01
1035 NW 64th Stsingle_family321,021$480,0002026-03-30
1150 NW 66th Stsingle_family332,427$580,0002026-03-27
860 NW 70th Stsingle_family321,252$525,0002026-03-26
8174 NW 4th Avesingle_family31854$120,0002026-03-25
748 NW 77th Tersingle_family32936$499,0002026-03-20
8280 NW 5th Avesingle_family331,056$480,0002026-03-19
1115 NW 85th Stsingle_family311,507$465,0002026-03-11
1130 NW 91st Stsingle_family321,179$535,0002026-02-18
8550 N Miami Avesingle_family321,466$765,0002026-02-10
7320 NW 11th Avesingle_family321,330$300,0002026-02-05
9674 NW 10th Ave Lot E526single_family321,144$123,9002026-01-28
475 NW 88th Tersingle_family321,728$875,0002026-01-26
10001 N Miami Avesingle_family321,935$1,015,0002026-01-09
151 NW 64th Stsingle_family321,228$430,0002025-12-19

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.

AddressTypeBedsBathsSqftAsking priceDays on market
595 NW 101st Stsingle_family32854$439,900
1135 NW 65th Stsingle_family31856$270,000
6950 NW 6th Ctmulti_family321,316$499,900
7010 NW 6th Avesingle_family321,203$415,000
1067 NW 101st Stsingle_family321,217$558,000
multi_family321,473$560,000
8325 NW 5th Ave Unit 8325condos321,150$250,000
7529 NW 1st Avesingle_family321,230$528,000

10-year hold projection

IRR2.8%
Equity multiple1.46x
Total return (10yr)$138,087
YearProperty valueNOICash flowLoan balanceEquity
1$581,847$21,288-$15,662$447,020$134,827
2$599,302$22,013-$14,989$441,784$157,519
3$617,281$22,762-$14,294$436,188$181,093
4$635,800$23,536-$13,575$430,208$205,592
5$654,874$24,336-$12,832$423,817$231,057
6$674,520$25,162-$12,064$416,987$257,533
7$694,756$26,015-$11,270$409,689$285,067
8$715,598$26,896-$10,450$401,889$313,710
9$737,066$27,806-$9,603$393,553$343,513
10$759,178$28,746-$8,727$384,645$374,533
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.
All figures are estimates for evaluation purposes only, not investment, tax, legal, or insurance advice. Property tax is estimated from a real matched tax bill or millage rate when available, a placeholder % of price otherwise; insurance is scaled by flood and wind risk where those are known and a flat percentage otherwise — never a real quote. Verify all of them, along with association restrictions and permit status, before committing capital. Rent estimates come from real comps or Zillow’s ZIP index, not appraisals.