1128 NW 101st St

Miami, FL 33150 · multi_family · For Sale · 203 days on market
Asking price$690,000
— beds — baths 1,552 sqft
Suggested offer$516,377$173,623 above the est. market value of $516,377.
View on Realtor.com →
Listed by Maria Barrera · Canvas Real Estate
Typemulti_family
Built1957
Price / sqft$445
Est. value (own analysis)$516,377
Rent estimate (building total, own analysis)$3,374/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood4/10moderate$Air2/10MinorWildfire1/10Minimal
Street view
View full map & nearby schools →

Neighborhood

Show every detail
Statusfor_sale
Listed date2026-02-12
Removed date
MLSMiamiMLS #A11963371
Coordinates25.86720, -80.21649
Address1128 NW 101st St
CityMiami
StateFL
Zip33150
Listing ID6830944331
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$690,000
Down payment (20.0%)$138,000
Loan amount$552,000
Closing costs (5.0%)$34,500
Total cash to close$172,500
Rent (estimate)$3,374$40,487
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$40,487
Vacancy rate (assumption) assumption8.0%

$40,487 × 8.0% = $3,239

Effective gross income$3,104$37,248
Property tax (placeholder 1.9% of price)$1,093$13,110
Insurance (est. scaled by flood & wind risk)$736$8,832
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$169$2,024
Total operating expenses$1,997$23,966
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$37,248
Total operating expenses derived$23,966

$37,248 − $23,966 = $13,282

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$552,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$552,000 amortized at 6.7% over 30 years = $3,547/mo

CapEx reserve (5.0% of GSR)$169$2,024
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$13,282
Annual debt service derived$42,568
Annual CapEx reserve assumption$2,024
Annual PMI assumption$0

($13,282 − $42,568 − $2,024 − $0) ÷ 12 = -$2,609

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$13,282
Purchase price data$690,000

$13,282 ÷ $690,000 = 1.9%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$31,310
Total cash to close derived$172,500

-$31,310 ÷ $172,500 = -18.2%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$13,282
Annual debt service derived$42,568

$13,282 ÷ $42,568 = 0.31

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$40,487
Purchase price data$690,000

($40,487 ÷ 12) ÷ $690,000 = 0.5%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$690,000
Gross scheduled rent (annual) comp$40,487

$690,000 ÷ $40,487 = 17.0

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$23,966
Effective gross income derived$37,248

$23,966 ÷ $37,248 = 64.3%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$23,966
Annual debt service derived$42,568
Annual PMI assumption$0
Gross scheduled rent (annual) comp$40,487

($23,966 + $42,568 + $0) ÷ $40,487 = 164.3%

Comparables

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

No active rental listings cached yet for this bedroom count.

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
801 NW 105th Stmulti_family1,454$635,0002026-08-17
6810 NW 2nd Ctmulti_family422,102$590,0002026-08-07
6701 NW 5th Avemulti_family1,408$565,0002026-07-31
163 NW 68th Termulti_family642,454$737,0002026-07-29
6241 NW Miami Plmulti_family321,800$850,0002026-07-09
7612 NW 4th Avemulti_family311,620$635,0002026-07-08
15 NW 70th Stmulti_family421,555$510,0002026-06-16
97 NW 69th Stmulti_family2,022$620,0002026-06-12
408 NW 97th Stmulti_family1,549$155,0002026-06-05
50 NW 71st St Apt 4multi_family441,600$740,0002026-06-02
1064 NW 103rd Stmulti_family431,792$570,0002026-06-02
250 NW 83rd Stmulti_family622,074$520,0002026-05-29
772 NW 80th Stmulti_family321,432$650,0002026-05-27
7534/7536 NW 4th Avemulti_family1,740$570,0002026-05-26
93 NW 69th Stmulti_family312,102$445,0002026-05-20
7736 NW 2nd Avemulti_family221,638$500,0002026-05-07
1181 NW 66th Stmulti_family$789,0002026-04-28
421 NW 81st Stmulti_family1,601$699,0002026-04-28
6324 NW 1st Plmulti_family2,164$720,0002026-04-24
5138334331multi_family2,454$753,0002026-04-16
5713827729multi_family1,677$300,0002026-04-06
742 NW 70th Stmulti_family2,738$995,0002026-03-26
6720 NW 4th Avemulti_family411,320$537,5002026-03-11
1052 NW 103rd Stmulti_family421,740$580,0002026-03-11
7926 NW 10th Ctmulti_family1,578$360,0002026-03-02
751 NW 96th Stmulti_family1,199$499,0002026-02-25
401 NW 81st Stmulti_family1,254$395,0002026-02-23
6911 NW 4th Ctmulti_family1,541$699,0002026-02-17
1162 NW 64th Stmulti_family1,430$445,0002026-02-12
244 NW 73rd Termulti_family432,105$969,0002026-02-11
6863 NW 2nd Ave Apt 4multi_family843,406$705,0002026-02-02
6920 NW 6th Ctmulti_family1,244$430,0002026-01-30
640 642 Nw 77th Stmulti_family1,370$449,0002026-01-20
571 NW 95th Termulti_family541,980$330,0002026-01-15
171 NW 70th Stmulti_family1,650$560,0002026-01-15
9411438856multi_family2,686$760,0002025-12-23
889 NW 102nd Stmulti_family1,600$604,0002025-12-23
6844 NW 5th Avemulti_family421,400$565,0002025-12-02
8290 NW 5th Avemulti_family321,404$520,0002025-12-01
724 NW 77th Stmulti_family211,389$520,0002025-11-12
1031 NW 101st Stmulti_family1,620$560,0002025-10-15
7634 NW 4th Avemulti_family1,553$375,0002025-10-08
6672132843multi_family3,063$520,0002025-10-06
6951 NW 5th Ctmulti_family742,244$510,0002025-09-19
8125 NW 6th Avemulti_family721,952$559,9002025-09-19
7501 and 7503 NW 6th Ctmulti_family1,260$455,0002025-09-10
1161 NW 101st Stmulti_family01,326$530,0002025-09-08
9162284355multi_family421,326$530,0002025-09-08

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.

No other cached listings nearby for this bedroom count yet.

10-year hold projection

IRR-2.1%
Equity multiple0.65x
Total return (10yr)$29,622
YearProperty valueNOICash flowLoan balanceEquity
1$710,700$13,282-$31,310$546,015$164,685
2$732,021$13,800-$30,843$539,619$192,402
3$753,982$14,337-$30,358$532,784$221,198
4$776,601$14,893-$29,855$525,480$251,121
5$799,899$15,469-$29,334$517,674$282,226
6$823,896$16,065-$28,793$509,331$314,565
7$848,613$16,682-$28,233$500,416$348,197
8$874,071$17,322-$27,652$490,889$383,182
9$900,294$17,984-$27,050$480,708$419,586
10$927,302$18,669-$26,426$469,827$457,475
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.