1340 NW 102nd St
Miami, FL 33147 · multi_family · For Sale · 150 days on market
Asking price$615,000
4 beds 2 baths 1,856 sqft
Suggested offer$586,737$28,263 above the est. market value of $586,737.
View on Realtor.com →Listed by Damian Gonzalez · Real Estate Sales Force
Typemulti_family
Built1955
Price / sqft$331
Est. value (own analysis)$586,737
Rent estimate (building total, own analysis)$4,157/mo
HOANone
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Statusfor_sale
Listed date2026-04-05
Removed date—
MLSMiamiMLS #A11995140
Coordinates25.86777, -80.22095
Address1340 NW 102nd St
CityMiami
StateFL
Zip33147
Listing ID6849540037
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33147)
Typical home value (ZHVI)$444,132
Typical rent (ZORI)$2,154/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 | $615,000 |
| Down payment (20.0%) | $123,000 |
| Loan amount | $492,000 |
| Closing costs (5.0%) | $30,750 |
| Total cash to close | $153,750 |
| Income | |
| Rent (estimate) | $4,157$49,889 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,825$45,898 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $974$11,685 |
| Insurance (placeholder 0.8% of price) | $410$4,920 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $208$2,494 |
| Total operating expenses | $1,592$19,099 |
| 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) | $208$2,494 |
| 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 |
|---|---|---|---|---|---|---|
| 2986 NW 91st St | multi_family | 4 | 3 | 2,114 | $675,000 | 2026-03-13 |
| 1817 NW 90th St | multi_family | 4 | 1 | 2,171 | $299,900 | 2026-02-27 |
| 9164 NW 30th Ct | multi_family | 4 | 2 | 1,440 | $578,000 | 2026-01-02 |
| 3121 NW 103rd St | multi_family | 4 | 2 | 2,077 | $650,000 | 2025-12-30 |
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 |
|---|---|---|---|---|---|---|
| 2512 NW 68th St | multi_family | 4 | 2 | 1,560 | $699,000 | — |
| 1760 NW 84th St | single_family | 4 | 2 | 1,180 | $575,000 | — |
| 3520 NW 79th St | mobile | 4 | 3 | 1,578 | $54,500 | — |
| 2950 NW 93rd St | single_family | 4 | 3 | 1,850 | $695,000 | — |
| 3168 NW 66th St | single_family | 4 | 1 | 940 | $329,000 | — |
| 2118 NW 86th St | single_family | 4 | 2 | 749 | $650,000 | — |
| 3265 NW 80th Ter | single_family | 4 | 2 | 1,728 | $545,000 | — |
| 10401 NW 33rd Ave | single_family | 4 | 4 | 1,972 | $670,000 | — |
10-year hold projection
IRR4.4%
Equity multiple1.71x
Total return (10yr)$189,588
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $633,450 | $26,799 | -$13,636 | $486,666 | $146,784 |
| 2 | $652,454 | $27,698 | -$12,799 | $480,965 | $171,488 |
| 3 | $672,027 | $28,627 | -$11,934 | $474,873 | $197,154 |
| 4 | $692,188 | $29,586 | -$11,041 | $468,363 | $223,825 |
| 5 | $712,954 | $30,577 | -$10,118 | $461,405 | $251,549 |
| 6 | $734,342 | $31,599 | -$9,164 | $453,970 | $280,372 |
| 7 | $756,372 | $32,655 | -$8,178 | $446,024 | $310,349 |
| 8 | $779,064 | $33,746 | -$7,160 | $437,532 | $341,531 |
| 9 | $802,436 | $34,872 | -$6,108 | $428,458 | $373,978 |
| 10 | $826,509 | $36,034 | -$5,022 | $418,760 | $407,749 |
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.