836 NW 98th St
Miami, FL 33150 · multi_family · For Sale · 34 days on market
Asking price$599,000
4 beds 2 baths 1,482 sqft
Suggested offer$592,353$6,647 above the est. market value of $592,353.
View on Realtor.com →Listed by Jorge Zubizarreta LLC · NB Elite Realty
Typemulti_family
Built1967
Price / sqft$404
Est. value (own analysis)$592,353
Rent estimate (building total, own analysis)$3,222/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood4/10moderate$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-07-30
Removed date—
MLSMiamiMLS #A12062500
Coordinates25.86469, -80.21253
Address836 NW 98th St
CityMiami
StateFL
Zip33150
Listing ID6832733097
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 | $599,000 |
| Down payment (20.0%) | $119,800 |
| Loan amount | $479,200 |
| Closing costs (5.0%) | $29,950 |
| Total cash to close | $149,750 |
| Income | |
| Rent (estimate) | $3,222$38,661 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,964$35,568 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $948$11,381 |
| Insurance (est. scaled by flood & wind risk) | $639$7,667 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $161$1,933 |
| Total operating expenses | $1,748$20,981 |
| 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$1,933 |
| 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 |
|---|---|---|---|---|---|---|---|
| multi_family | 4 | 2 | 1,686 | $3,400 | 2026-08-24 | — |
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 |
|---|---|---|---|---|---|---|
| 6810 NW 2nd Ct | multi_family | 4 | 2 | 2,102 | $590,000 | 2026-08-07 |
| 15 NW 70th St | multi_family | 4 | 2 | 1,555 | $510,000 | 2026-06-16 |
| 50 NW 71st St Apt 4 | multi_family | 4 | 4 | 1,600 | $740,000 | 2026-06-02 |
| 1064 NW 103rd St | multi_family | 4 | 3 | 1,792 | $570,000 | 2026-06-02 |
| 6720 NW 4th Ave | multi_family | 4 | 1 | 1,320 | $537,500 | 2026-03-11 |
| 1052 NW 103rd St | multi_family | 4 | 2 | 1,740 | $580,000 | 2026-03-11 |
| 244 NW 73rd Ter | multi_family | 4 | 3 | 2,105 | $969,000 | 2026-02-11 |
| 6844 NW 5th Ave | multi_family | 4 | 2 | 1,400 | $565,000 | 2025-12-02 |
| 9162284355 | multi_family | 4 | 2 | 1,326 | $530,000 | 2025-09-08 |
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.
| 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 | — |
| 578 NW 97th St | single_family | 4 | 2 | 1,368 | $530,000 | — |
| 428 NW 97th St | multi_family | 4 | 2 | 1,353 | $599,000 | — |
10-year hold projection
IRR-0.8%
Equity multiple0.87x
Total return (10yr)$58,835
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $616,970 | $14,587 | -$24,300 | $474,004 | $142,966 |
| 2 | $635,479 | $15,129 | -$23,806 | $468,452 | $167,027 |
| 3 | $654,543 | $15,691 | -$23,294 | $462,518 | $192,025 |
| 4 | $674,180 | $16,272 | -$22,764 | $456,177 | $218,003 |
| 5 | $694,405 | $16,873 | -$22,215 | $449,401 | $245,005 |
| 6 | $715,237 | $17,495 | -$21,646 | $442,159 | $273,079 |
| 7 | $736,694 | $18,138 | -$21,057 | $434,419 | $302,275 |
| 8 | $758,795 | $18,804 | -$20,447 | $426,149 | $332,647 |
| 9 | $781,559 | $19,493 | -$19,816 | $417,310 | $364,249 |
| 10 | $805,006 | $20,206 | -$19,162 | $407,864 | $397,142 |
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.