578 NW 97th St
Miami, FL 33150 · single_family · For Sale · 37 days on market
Asking price$530,000
4 beds 2 baths 1,368 sqft
Listed by M. Alejandra Somarriba, PA · The Lab Realty Group, llc
Typesingle_family
Built1940
Price / sqft$387
Est. value (own analysis)$569,569
Rent estimate (own analysis)$3,498/mo
HOANone
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Statusfor_sale
Listed date2026-07-27
Removed date—
MLSMiamiMLS #A12060233
Coordinates25.86395, -80.20728
Address578 NW 97th St
CityMiami
StateFL
Zip33150
Listing ID6814323721
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)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $530,000 |
| Down payment (20.0%) | $106,000 |
| Loan amount | $424,000 |
| Closing costs (5.0%) | $26,500 |
| Total cash to close | $132,500 |
| Income | |
| Rent (comp-derived) | $3,498$41,970 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,218$38,612 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $839$10,070 |
| Insurance (placeholder 0.8% of price) | $353$4,240 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $175$2,099 |
| Total operating expenses | $1,367$16,409 |
| 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) | $175$2,099 |
| 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 | 4 | 2 | 1,190 | $3,495 | 2026-08-18 | — | |
| single_family | 4 | 2 | 1,500 | $2,600 | 2026-06-19 | — | |
| single_family | 4 | 1 | 1,226 | $2,800 | 2026-05-07 | — | |
| single_family | 4 | 2 | 1,421 | $3,600 | 2026-08-01 | — | |
| single_family | 4 | 2 | 1,169 | $4,375 | — | — | |
| single_family | 4 | 2 | 1,719 | $3,500 | 2026-06-11 | — | |
| single_family | 4 | 2 | 1,548 | $3,399 | 2026-08-26 | — | |
| single_family | 4 | 2 | 1,740 | $8,450 | 2026-06-05 | — |
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 |
|---|---|---|---|---|---|---|
| 6841 NW 2nd Ct | single_family | 4 | 3 | 1,701 | $490,000 | 2026-09-01 |
| 360 NW 87th St | single_family | 4 | 3 | 2,149 | $1,921,000 | 2026-07-28 |
| 8224 NW 1st Pl | single_family | 4 | 3 | 1,659 | $507,500 | 2026-07-28 |
| 5522425293 | single_family | 4 | 3 | — | $620,000 | 2026-07-17 |
| 1161 NW 105th Ter | single_family | 4 | 2 | 1,080 | $485,000 | 2026-06-22 |
| 874 NW 74th St | single_family | 4 | 2 | 1,817 | $389,000 | 2026-06-18 |
| 156 NW 90th St | single_family | 4 | 1 | 2,441 | $1,482,000 | 2026-05-27 |
| 870 NW 84th St | single_family | 4 | 1 | 1,419 | $499,000 | 2026-05-18 |
| 130 NW 102nd St | single_family | 4 | 2 | 1,373 | $1,225,000 | 2026-05-11 |
| 9600 N Miami Ave | single_family | 4 | 2 | 1,503 | $975,000 | 2026-04-30 |
| 734 NW 75th St | single_family | 4 | 3 | 1,643 | $585,000 | 2026-04-24 |
| 413 NW 100th Ter | single_family | 4 | 3 | 1,553 | $560,000 | 2026-03-23 |
| 195 NW 103rd St | single_family | 4 | 3 | 2,642 | $1,100,000 | 2026-01-29 |
| 25 NW 95th St | single_family | 4 | 3 | 1,828 | $930,000 | 2026-01-22 |
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 |
|---|---|---|---|---|---|---|
| 414 NW 84th Ter Unit 414 | townhomes | 4 | 2 | 1,410 | $248,000 | — |
| 460 NW 82nd Ter | single_family | 4 | 3 | 1,738 | $579,000 | — |
| 948 NW 84th Ter | single_family | 4 | 2 | 1,360 | $550,000 | — |
| 7770 NW 9th Ave | multi_family | 4 | 2 | 1,342 | $560,000 | — |
| 8454 NW 4th Ave Unit 8454 | condos | 4 | 3 | 1,660 | $300,000 | — |
| 8440 NW 4th Ave Unit 8440 | condos | 4 | 3 | 1,660 | $300,000 | — |
| 836 NW 98th St | multi_family | 4 | 2 | 1,482 | $599,000 | — |
| 428 NW 97th St | multi_family | 4 | 2 | 1,353 | $599,000 | — |
10-year hold projection
IRR4.0%
Equity multiple1.64x
Total return (10yr)$153,732
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $545,900 | $22,204 | -$12,591 | $419,403 | $126,497 |
| 2 | $562,277 | $22,952 | -$11,896 | $414,490 | $147,787 |
| 3 | $579,145 | $23,725 | -$11,177 | $409,240 | $169,905 |
| 4 | $596,520 | $24,523 | -$10,434 | $403,629 | $192,891 |
| 5 | $614,415 | $25,347 | -$9,667 | $397,633 | $216,782 |
| 6 | $632,848 | $26,198 | -$8,874 | $391,225 | $241,622 |
| 7 | $651,833 | $27,076 | -$8,054 | $384,378 | $267,456 |
| 8 | $671,388 | $27,984 | -$7,208 | $377,060 | $294,329 |
| 9 | $691,530 | $28,921 | -$6,333 | $369,239 | $322,291 |
| 10 | $712,276 | $29,888 | -$5,429 | $360,881 | $351,394 |
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.