1305 Dunad Ave

Opa Locka, FL 33054 · single_family · For Sale · 50 days on market
Asking price$575,000
4 beds 3 baths 1,194 sqft
Suggested offer$404,793$170,207 above the est. market value of $404,793.
View on Realtor.com →
Listed by Dominic Rivera · Pine River Realty, LLC.
Typesingle_family
Built1940
Price / sqft$482
Est. value (own analysis)$404,793
Rent estimate (own analysis)$3,750/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood2/10minor$Air2/10MinorWildfire1/10Minimal
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Neighborhood

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Statusfor_sale
Listed date2026-07-14
Removed date
MLSMiamiMLS #A12053290
Coordinates25.90750, -80.24562
Address1305 Dunad Ave
CityOpa Locka
StateFL
Zip33054
Listing ID6824456909
Sourceus-real-estate-listings, cached 2026-08-28

ZIP market snapshot (33054)

Typical home value (ZHVI)$429,838
Typical rent (ZORI)$2,279/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$575,000
Down payment (20.0%)$115,000
Loan amount$460,000
Closing costs (5.0%)$28,750
Total cash to close$143,750
Rent (comp-derived)$3,750$45,000
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$45,000
Vacancy rate (assumption) assumption8.0%

$45,000 × 8.0% = $3,600

Effective gross income$3,450$41,400
Property tax (placeholder 1.9% of price)$910$10,925
Insurance (est. scaled by flood & wind risk)$575$6,900
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$188$2,250
Total operating expenses$1,673$20,075
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$41,400
Total operating expenses derived$20,075

$41,400 − $20,075 = $21,325

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$460,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$460,000 amortized at 6.7% over 30 years = $2,956/mo

CapEx reserve (5.0% of GSR)$188$2,250
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$21,325
Annual debt service derived$35,473
Annual CapEx reserve assumption$2,250
Annual PMI assumption$0

($21,325 − $35,473 − $2,250 − $0) ÷ 12 = -$1,366

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$21,325
Purchase price data$575,000

$21,325 ÷ $575,000 = 3.7%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$16,398
Total cash to close derived$143,750

-$16,398 ÷ $143,750 = -11.4%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$21,325
Annual debt service derived$35,473

$21,325 ÷ $35,473 = 0.60

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$45,000
Purchase price data$575,000

($45,000 ÷ 12) ÷ $575,000 = 0.7%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$575,000
Gross scheduled rent (annual) comp$45,000

$575,000 ÷ $45,000 = 12.8

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$20,075
Effective gross income derived$41,400

$20,075 ÷ $41,400 = 48.5%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$20,075
Annual debt service derived$35,473
Annual PMI assumption$0
Gross scheduled rent (annual) comp$45,000

($20,075 + $35,473 + $0) ÷ $45,000 = 123.4%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family421,200$3,8002026-07-06
single_family421,186$2,720
single_family421,983$3,6002026-08-14
single_family421,760$3,7502026-08-13
single_family431,820$4,150

2885 NW 155th Ter

Miami, 33054 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,200
Listed2026-07-06
Days on market

Asking rent: $3,800

View on Zillow →

16461 NW 19th Ave

Opa Locka, 33054 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,186
Listed
Days on market

Asking rent: $2,720

View on Zillow →

16321 NW 18th Ave Unit 0

Miami Gardens, 33054 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,983
Listed2026-08-14
Days on market

Asking rent: $3,600

View on Zillow →

13735 NW 23rd Ave

Opa Locka, 33054 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,760
Listed2026-08-13
Days on market

Asking rent: $3,750

View on Zillow →

12661 NW 23rd Pl

Opa Locka, 33054 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,820
Listed
Days on market

Asking rent: $4,150

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
900 Superior Stsingle_family422,010$695,0002026-08-25
1040 Curtiss Drsingle_family421,575$499,0002026-08-21
16201 NW 18th Plsingle_family411,032$500,0002026-08-05
1535 NW 153rd Stsingle_family421,866$385,0002026-07-31
1890 Rutland Stsingle_family412,149$600,0002026-07-31
15970 NW 37th Plsingle_family421,320$525,0002026-07-29
1319 Jann Avesingle_family421,480$520,0002026-07-22
2270 Service Rdsingle_family431,838$570,0002026-07-21
16300 NW 44th Ctsingle_family423,756$900,0002026-07-21
15921 NW 18th Plsingle_family421,372$570,0002026-07-20
15600 NW 37th Plsingle_family431,765$590,0002026-07-16
15331 NW 28th Ctsingle_family431,740$589,9002026-07-15
16130 NW 28th Ctsingle_family421,200$545,0002026-07-13
2410 NW 155th Tersingle_family421,871$615,0002026-06-24
3171 NW 133rd Stsingle_family421,680$480,0002026-06-16
6268313432single_family43$575,0002026-06-07
16050 NW 27th Ctsingle_family421,240$599,0002026-06-05
15745 NW 28th Plsingle_family421,200$450,0002026-06-03
16110 NW 28th Plsingle_family421,200$565,0002026-05-20
2270 NW 153rd Stsingle_family431,143$530,0002026-05-19
15771 NW 17th Plsingle_family411,175$257,5002026-05-19
16310 NW 22nd Ctsingle_family432,017$550,0002026-05-12
2501 NW 151st Stsingle_family421,296$510,0002026-04-24
4607 NW 165th Stsingle_family421,932$710,0002026-04-22
16001 NW 28th Plsingle_family421,200$540,0002026-04-22
540 Harem Avesingle_family431,895$560,0002026-04-21
13380 NW 32nd Avesingle_family42938$504,0002026-04-07
2505 NW 162nd Tersingle_family421,350$589,0002026-04-07
3270 NW 132nd Tersingle_family431,425$399,0002026-04-03
2021 Wilmington Stsingle_family431,599$475,0002026-04-02
2860 NW 164th Tersingle_family421,456$559,0002026-03-30
15900 NW 27th Ctsingle_family421,200$335,0002026-03-25
2960 NW 160th Stsingle_family421,200$550,0002026-03-24
16011 NW 38th Ctsingle_family432,134$645,0002026-03-24
2845 NW 164th Tersingle_family421,420$600,0002026-03-17
16430 NW 20th Avesingle_family421,959$495,0002026-03-13
1060 Oriental Blvdsingle_family431,313$430,0002026-03-11
3795 NW 165th Stsingle_family421,642$550,0002026-02-17
16140 NW 17th Plsingle_family411,112$495,0002026-01-29
2770 NW 164th Tersingle_family421,200$525,0002026-01-26
2510 NW 152nd Stsingle_family421,722$550,0002025-12-22
16101 NW 18th Avesingle_family421,610$543,0002025-12-05
3101 NW 164th Tersingle_family421,171$520,0002025-12-02
2791 NW 151st Tersingle_family421,106$500,0002025-11-28
2246 Service Rdsingle_family421,743$463,0002025-11-20
16330 NW 19th Avenue Rdsingle_family421,924$550,0002025-11-19
1931 Wilmington Stsingle_family421,186$382,0002025-11-18
940 Oriental Blvdsingle_family421,377$509,9002025-11-12
2951 NW 151st Tersingle_family421,258$480,0002025-11-05
13210 NW 28th Avesingle_family421,546$524,0002025-10-21

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
2855 NW 164th Stsingle_family421,200$285,000
16011 NW 40th Ctsingle_family431,974$599,000
16025 NW 20th Avesingle_family432,019$587,000
15850 NW 18th Plsingle_family421,272$500,000
721 Atlantic Avesingle_family421,755$619,000
1980 Service Rdsingle_family421,316$399,000
1240 Sharazad Blvdsingle_family421,032$480,000
1920 Rutland Stsingle_family421,242$480,000

10-year hold projection

IRR2.6%
Equity multiple1.42x
Total return (10yr)$135,988
YearProperty valueNOICash flowLoan balanceEquity
1$592,250$21,325-$16,398$455,013$137,237
2$610,018$22,065-$15,714$449,683$160,335
3$628,318$22,830-$15,007$443,987$184,331
4$647,168$23,620-$14,276$437,900$209,268
5$666,583$24,437-$13,520$431,395$235,188
6$686,580$25,281-$12,738$424,443$262,137
7$707,177$26,153-$11,929$417,014$290,163
8$728,393$27,054-$11,094$409,075$319,318
9$750,245$27,985-$10,230$400,590$349,654
10$772,752$28,947-$9,336$391,523$381,229
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.