1975 NW 3rd Ct Unit 39
Miami, FL 33136 · condo_townhome_rowhome_coop · For Sale · 29 days on market
Asking price$489,900
4 beds 3 baths 1,347 sqft
Suggested offer$454,841$35,059 above the est. market value of $454,841.
View on Realtor.com →Listed by NELSON R FERNANDEZ · Nelson Realty Services, Inc.
Typecondo_townhome_rowhome_coop
Built2006
Price / sqft$364
Est. value (own analysis)$454,841
Rent estimate (own analysis)$3,225/mo
HOA$487/mo
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Statusfor_sale
Listed date2026-08-04
Removed date—
MLSMiamiMLS #A12065269
Coordinates25.79441, -80.20138
Address1975 NW 3rd Ct Unit 39
CityMiami
StateFL
Zip33136
Listing ID6809188144
Sourceus-real-estate-listings, cached 2026-08-30
ZIP market snapshot (33136)
Typical home value (ZHVI)$317,970
Typical rent (ZORI)$2,599/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 | $489,900 |
| Down payment (20.0%) | $97,980 |
| Loan amount | $391,920 |
| Closing costs (5.0%) | $24,495 |
| Total cash to close | $122,475 |
| Income | |
| Rent (comp-derived) | $3,225$38,700 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,967$35,604 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $776$9,308 |
| Insurance (placeholder 0.8% of price) | $327$3,919 |
| HOA dues | $487$5,844 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $161$1,935 |
| Total operating expenses | $1,751$21,006 |
| 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) | $161$1,935 |
| 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
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| condos | 4 | 3 | 1,739 | $5,700 | 2026-08-18 | — | |
| apartment | 4 | 2 | 1,270 | $2,800 | 2026-07-22 | — | |
| apartment | 4 | 2 | 1,594 | $3,200 | 2026-08-06 | — | |
| apartment | 4 | 2 | 1,027 | $2,800 | 2026-08-05 | — | |
| apartment | 4 | 2 | 1,270 | $2,800 | 2026-08-05 | — | |
| apartment | 4 | 3 | 1,595 | $4,200 | 2026-07-14 | — | |
| apartment | 4 | 2 | 1,500 | $3,400 | 2026-06-23 | — | |
| apartment | 4 | 2 | 1,300 | $2,800 | 2026-06-19 | — | |
| condos | 4 | 4 | 1,347 | $3,495 | 2026-06-04 | — | |
| condos | 4 | 4 | 1,660 | $2,600 | 2026-05-30 | — | |
| apartment | 4 | 2 | 1,500 | $2,750 | 2026-08-23 | — | |
| apartment | 4 | 3 | 1,785 | $5,100 | 2026-05-07 | — | |
| apartment | 4 | 2 | 1,320 | $3,000 | 2026-04-30 | — | |
| apartment | 4 | 4 | 1,750 | $4,800 | 2026-08-02 | — | |
| apartment | 4 | 4 | 1,440 | $6,500 | 2026-08-24 | — | |
| apartment | 4 | 2 | 1,120 | $3,250 | 2026-04-21 | — | |
| apartment | 4 | 4 | 1,750 | $1,213 | 2026-08-22 | — | |
| apartment | 4 | 2 | 1,260 | $3,250 | — | — |
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 |
|---|---|---|---|---|---|---|
| 816 NW 11th St Apt 801 | condos | 2 | 2 | 1,067 | $335,000 | 2026-08-17 |
| 697 N Miami Ave Apt 3007 | condo | — | 0 | — | $665,000 | 2026-08-05 |
| 697 N Miami Ave Apt 3409 | condo | — | 0 | — | $412,000 | 2026-07-30 |
| 697 N Miami Ave Apt 2304 | condo | — | 0 | — | $480,000 | 2026-07-30 |
| 816 NW 11th St Apt 806 | condos | 2 | 2 | 891 | $301,000 | 2026-07-30 |
| 697 N Miami Ave Apt 3408 | condo | — | 0 | — | $830,000 | 2026-07-24 |
| 697 N Miami Ave Apt 1202 | condo | — | 0 | — | $875,000 | 2026-07-21 |
| 850 N Miami Ave Unit W2003 | condos | 2 | 2 | 914 | $320,000 | 2026-07-21 |
| 697 N Miami Ave Apt 2104 | condo | — | 0 | — | $500,000 | 2026-07-20 |
| 850 N Miami Ave Apt 905 | condo | 1 | 1 | 689 | $277,500 | 2026-07-20 |
| 697 N Miami Ave Apt 2404 | condo | — | 0 | — | $509,000 | 2026-07-17 |
| 601 N Miami Ave Unit 2702 | condo | — | 0 | — | $360,000 | 2026-07-16 |
| 697 N Miami Ave Apt 2709 | condo | — | 0 | — | $426,000 | 2026-07-14 |
| 850 N Miami Ave Unit W1903 | condos | 2 | 2 | 914 | $300,000 | 2026-07-14 |
| 697 N Miami Ave Apt 3710 | condo | — | 0 | — | $655,000 | 2026-07-09 |
| 697 N Miami Ave Apt 2804 | condo | — | 0 | — | $500,000 | 2026-07-08 |
| 697 N Miami Ave Apt 1406 | condo | — | 0 | — | $611,000 | 2026-07-08 |
| 697 N Miami Ave Apt 511 | condo | — | 0 | — | $600,000 | 2026-07-08 |
| 601 N Miami Ave Unit 902 | condo | — | 0 | — | $405,000 | 2026-07-02 |
| 697 N Miami Ave Apt 902 | condo | — | 0 | — | $462,000 | 2026-06-30 |
| 697 N Miami Ave Apt 3911 | condo | — | 0 | — | $925,000 | 2026-06-30 |
| 697 N Miami Ave Apt 1701 | condo | — | 0 | — | $623,000 | 2026-06-29 |
| 697 N Miami Ave Apt 3112 | condo | — | 0 | — | $679,000 | 2026-06-29 |
| 697 N Miami Ave Apt 1805 | condo | — | 0 | — | $633,000 | 2026-06-29 |
| 697 N Miami Ave Apt 1802 | condo | — | 0 | — | $893,000 | 2026-06-29 |
| 697 N Miami Ave Apt 1605 | condo | — | 0 | — | $625,000 | 2026-06-29 |
| 697 N Miami Ave Apt 3503 | condo | — | 0 | — | $655,000 | 2026-06-29 |
| 697 N Miami Ave Apt 3410 | condo | — | 0 | — | $637,000 | 2026-06-24 |
| 697 N Miami Ave Apt 3912 | condo | — | 0 | — | $680,000 | 2026-06-24 |
| 850 N Miami Ave Unit W605 | condos | 1 | 1 | 689 | $235,000 | 2026-06-22 |
| 601 N Miami Ave Unit 705 | condo | — | 0 | — | $439,000 | 2026-06-18 |
| 697 N Miami Ave Apt 411 | condo | — | 0 | — | $626,000 | 2026-06-18 |
| 697 N Miami Ave Apt 311 | condo | — | 0 | — | $622,000 | 2026-06-18 |
| 697 N Miami Ave Apt 1110 | condo | — | 0 | — | $590,000 | 2026-06-17 |
| 601 N Miami Ave Unit 401 | condo | 2 | 2 | 750 | $678,000 | 2026-06-15 |
| 601 N Miami Ave Unit 602 | condo | — | 0 | — | $350,000 | 2026-06-15 |
| 697 N Miami Ave Apt 2311 | condo | — | 0 | — | $934,000 | 2026-06-15 |
| 201 NW 7th St Apt 307 | condos | 2 | 2 | 1,037 | $350,000 | 2026-06-15 |
| 697 N Miami Ave Apt 1612 | condo | — | 0 | — | $635,000 | 2026-06-15 |
| 697 N Miami Ave Apt 1906 | condo | — | 0 | — | $631,000 | 2026-06-15 |
| 697 N Miami Ave Apt 601 | condo | — | 0 | — | $570,000 | 2026-06-10 |
| 601 N Miami Ave Unit 204 | condo | — | 0 | — | $509,000 | 2026-06-09 |
| 697 N Miami Ave Apt 1808 | condo | — | 0 | — | $828,000 | 2026-06-08 |
| 201 NW 7th St Apt 103 | condos | 2 | 2 | 1,037 | $340,000 | 2026-06-08 |
| 697 N Miami Ave Apt 510 | condo | — | 0 | — | $785,000 | 2026-06-08 |
| 697 N Miami Ave Apt 3104 | condo | — | 0 | — | $506,000 | 2026-06-05 |
| 697 N Miami Ave Apt 201 | condo | — | 0 | — | $770,000 | 2026-06-05 |
| 697 N Miami Ave Apt 3305 | condo | — | 0 | — | $645,000 | 2026-06-01 |
| 850 N Miami Ave Apt 806 | condo | 2 | 2 | 903 | $284,000 | 2026-05-29 |
| 601 N Miami Ave Unit 1915 | condo | — | 0 | — | $362,000 | 2026-05-22 |
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 |
|---|---|---|---|---|---|---|
| 733 NW 4th Ave | single_family | 4 | 1 | 1,065 | $899,000 | — |
| 1110N NW North River Dr | single_family | 4 | 3 | 2,195 | $4,995,000 | — |
| 1000 NW 9th Ct | single_family | 4 | 5 | — | $3,995,000 | — |
10-year hold projection
IRR0.6%
Equity multiple1.10x
Total return (10yr)$75,737
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $504,597 | $14,598 | -$17,560 | $387,671 | $116,926 |
| 2 | $519,735 | $15,141 | -$17,066 | $383,130 | $136,605 |
| 3 | $535,327 | $15,703 | -$16,553 | $378,277 | $157,050 |
| 4 | $551,387 | $16,284 | -$16,023 | $373,091 | $178,296 |
| 5 | $567,928 | $16,886 | -$15,473 | $367,548 | $200,380 |
| 6 | $584,966 | $17,508 | -$14,904 | $361,626 | $223,341 |
| 7 | $602,515 | $18,152 | -$14,315 | $355,296 | $247,219 |
| 8 | $620,591 | $18,819 | -$13,705 | $348,532 | $272,059 |
| 9 | $639,208 | $19,508 | -$13,073 | $341,303 | $297,905 |
| 10 | $658,385 | $20,221 | -$12,418 | $333,578 | $324,807 |
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.