5151 N Miami Ave
Miami, FL 33127 · multi_family · For Sale · 42 days on market
Asking price$945,000
4 beds 3 baths 1,645 sqft
Suggested offer$702,958$242,042 above the est. market value of $702,958.
View on Realtor.com →Listed by Hugo Lopez · My Realty Group, LLC.
Typemulti_family
Built1973
Price / sqft$574
Est. value (own analysis)$702,958
Rent estimate (building total, own analysis)$6,712/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeAir2/10MinorFlood1/10minimal$Wildfire1/10Minimal
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Statusfor_sale
Listed date2026-07-23
Removed date—
MLSMiamiMLS #A12057382
Coordinates25.82301, -80.19559
Address5151 N Miami Ave
CityMiami
StateFL
Zip33127
Listing ID6836214788
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33127)
Typical home value (ZHVI)$528,160
Typical rent (ZORI)$2,975/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 | $945,000 |
| Down payment (20.0%) | $189,000 |
| Loan amount | $756,000 |
| Closing costs (5.0%) | $47,250 |
| Total cash to close | $236,250 |
| Income | |
| Rent (estimate) | $6,712$80,539 |
| Vacancy loss (8.0%) | |
| Effective gross income | $6,175$74,096 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,496$17,955 |
| Insurance (est. scaled by flood & wind risk) | $945$11,340 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $336$4,027 |
| Total operating expenses | $2,777$33,322 |
| 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) | $336$4,027 |
| 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 |
|---|---|---|---|---|---|---|
| 254 NW 50th St | multi_family | 4 | 2 | 1,876 | $600,000 | 2026-07-21 |
| 5620 NW 3rd Ave | multi_family | 4 | 2 | 1,392 | $520,000 | 2026-07-20 |
| 1171 NW 58th Ter | multi_family | 4 | 2 | 1,458 | $480,000 | 2026-07-08 |
| 166 NW 41st St | multi_family | 4 | — | 1,248 | $1,200,000 | 2026-07-06 |
| 599 NW 33rd St | multi_family | 4 | 4 | 2,241 | $1,200,000 | 2026-07-06 |
| 1028 NW 24th St | multi_family | 4 | 2 | 1,540 | $520,000 | 2026-06-17 |
| 444 NW 33rd St | multi_family | 4 | 3 | 1,488 | $25,000,000 | 2026-06-16 |
| 4400 NW 1st Ave | multi_family | 4 | 2 | 1,690 | $1,195,000 | 2026-06-08 |
| 100 NW 52nd St | multi_family | 4 | 2 | 1,800 | $300,000 | 2026-04-22 |
| 1019 NW 26th St | multi_family | 4 | 2 | 1,518 | $730,300 | 2026-03-31 |
| 5035 NW 5th Ave | multi_family | 4 | 2 | 1,690 | $1,000,000 | 2026-03-18 |
| 520 NW 49th St | multi_family | 4 | 1 | 2,230 | $1,200,000 | 2026-03-17 |
| 4543 N Miami Ave | multi_family | 4 | 3 | 2,160 | $2,200,000 | 2026-03-16 |
| 1184 NW 30th St | multi_family | 4 | 1 | 2,374 | $439,900 | 2026-03-09 |
| 5538 NW Miami Ct | multi_family | 4 | 2 | 1,115 | $390,000 | 2025-11-24 |
| 5720 NW 3rd Ave | multi_family | 4 | 2 | 1,690 | $605,000 | 2025-11-18 |
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 |
|---|---|---|---|---|---|---|
| 4746 NW 10th Ave | single_family | 4 | 4 | 2,252 | $925,000 | — |
| 347 NW 42nd St | single_family | 4 | 1 | 1,038 | $589,700 | — |
| 171 NW 47th St | multi_family | 4 | 2 | 1,540 | $1,099,999 | — |
| 1027 NW 29th St | multi_family | 4 | 3 | 1,165 | $1,495,000 | — |
| 1000 NW 39th St | multi_family | 4 | 3 | 1,904 | $850,000 | — |
| 4122 NW 11th Pl | single_family | 4 | 3 | 1,366 | $599,900 | — |
| 790 NW 56th St | multi_family | 4 | 2 | 1,572 | $510,000 | — |
| 1157 NW 45th St | single_family | 4 | 2 | 1,664 | $625,000 | — |
10-year hold projection
IRR4.3%
Equity multiple1.69x
Total return (10yr)$285,545
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $973,350 | $40,774 | -$21,552 | $747,803 | $225,547 |
| 2 | $1,002,551 | $42,164 | -$20,263 | $739,044 | $263,507 |
| 3 | $1,032,627 | $43,600 | -$18,930 | $729,683 | $302,944 |
| 4 | $1,063,606 | $45,083 | -$17,553 | $719,679 | $343,927 |
| 5 | $1,095,514 | $46,615 | -$16,130 | $708,988 | $386,526 |
| 6 | $1,128,379 | $48,197 | -$14,658 | $697,563 | $430,817 |
| 7 | $1,162,231 | $49,831 | -$13,138 | $685,353 | $476,878 |
| 8 | $1,197,098 | $51,519 | -$11,566 | $672,305 | $524,793 |
| 9 | $1,233,011 | $53,263 | -$9,942 | $658,361 | $574,650 |
| 10 | $1,270,001 | $55,064 | -$8,264 | $643,459 | $626,542 |
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.