2005 Ali Baba Ave
Opa Locka, FL 33054 · multi_family · For Sale · 154 days on market
Asking price$561,000
4 beds 2 baths 1,200 sqft
Suggested offer$331,325$229,675 above the est. market value of $331,325.
View on Realtor.com →Listed by Fernanda Ibarra · Direct Realty Solutions
Typemulti_family
Built1959
Price / sqft$468
Est. value (own analysis)$331,325
Rent estimate (building total, own analysis)$2,729/mo
HOANone
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Statusfor_sale
Listed date2026-04-01
Removed date—
MLSMiamiMLS #A11992876
Coordinates25.91072, -80.23298
Address2005 Ali Baba Ave
CityOpa Locka
StateFL
Zip33054
Listing ID6856841013
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)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $561,000 |
| Down payment (20.0%) | $112,200 |
| Loan amount | $448,800 |
| Closing costs (5.0%) | $28,050 |
| Total cash to close | $140,250 |
| Income | |
| Rent (estimate) | $2,729$32,746 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,511$30,126 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $888$10,659 |
| Insurance (placeholder 0.8% of price) | $374$4,488 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $136$1,637 |
| Total operating expenses | $1,399$16,784 |
| 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) | $136$1,637 |
| 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
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.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 936 Opa Locka Blvd | multi_family | 4 | 4 | 1,992 | $550,000 | 2026-08-13 |
| 13130 Aswan Rd Apt 2 | multi_family | 4 | 4 | 2,663 | $706,000 | 2026-07-27 |
| 15921 NW 39th Ct | multi_family | 4 | 2 | 1,440 | $535,000 | 2025-10-29 |
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 |
|---|---|---|---|---|---|---|
| 2855 NW 164th St | single_family | 4 | 2 | 1,200 | $285,000 | — |
| 16011 NW 40th Ct | single_family | 4 | 3 | 1,974 | $599,000 | — |
| 16025 NW 20th Ave | single_family | 4 | 3 | 2,019 | $587,000 | — |
| 15850 NW 18th Pl | single_family | 4 | 2 | 1,272 | $500,000 | — |
| 721 Atlantic Ave | single_family | 4 | 2 | 1,755 | $619,000 | — |
| 1980 Service Rd | single_family | 4 | 2 | 1,316 | $399,000 | — |
| 1240 Sharazad Blvd | single_family | 4 | 2 | 1,032 | $480,000 | — |
| 1920 Rutland St | single_family | 4 | 2 | 1,242 | $480,000 | — |
10-year hold projection
IRR-0.9%
Equity multiple0.85x
Total return (10yr)$52,632
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $577,830 | $13,342 | -$22,905 | $443,934 | $133,896 |
| 2 | $595,165 | $13,826 | -$22,462 | $438,734 | $156,431 |
| 3 | $613,020 | $14,327 | -$22,003 | $433,177 | $179,843 |
| 4 | $631,410 | $14,845 | -$21,528 | $427,238 | $204,173 |
| 5 | $650,353 | $15,380 | -$21,036 | $420,891 | $229,462 |
| 6 | $669,863 | $15,934 | -$20,527 | $414,109 | $255,755 |
| 7 | $689,959 | $16,507 | -$20,001 | $406,860 | $283,099 |
| 8 | $710,658 | $17,100 | -$19,456 | $399,114 | $311,544 |
| 9 | $731,978 | $17,713 | -$18,891 | $390,836 | $341,142 |
| 10 | $753,937 | $18,346 | -$18,308 | $381,990 | $371,947 |
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.