1277 NW 58th St
Miami, FL 33142 · multi_family · For Sale · 167 days on market
Asking price$960,000
8 beds 4 baths 3,024 sqft
Suggested offer$730,629$229,371 above the est. market value of $730,629.
View on Realtor.com →Listed by Georgette Veissi · Veissi & Associates, Inc.
Typemulti_family
Built1958
Price / sqft$317
Est. value (own analysis)$730,629
Rent estimate (building total, own analysis)$7,590/mo
HOANone
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Statusfor_sale
Listed date2026-03-19
Removed date—
MLSMiamiMLS #A11986251
Coordinates25.82850, -80.21822
Address1277 NW 58th St
CityMiami
StateFL
Zip33142
Listing ID6865829809
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33142)
Typical home value (ZHVI)$430,103
Typical rent (ZORI)$2,350/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 | $960,000 |
| Down payment (20.0%) | $192,000 |
| Loan amount | $768,000 |
| Closing costs (5.0%) | $48,000 |
| Total cash to close | $240,000 |
| Income | |
| Rent (estimate) | $7,590$91,083 |
| Vacancy loss (8.0%) | |
| Effective gross income | $6,983$83,796 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,520$18,240 |
| Insurance (placeholder 0.8% of price) | $640$7,680 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $380$4,554 |
| Total operating expenses | $2,540$30,474 |
| 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) | $380$4,554 |
| 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 |
|---|---|---|---|---|---|---|
| 4024 NW 23rd Ct | multi_family | 8 | 6 | 3,720 | $800,000 | 2026-02-09 |
| 2515 NW 52nd St Apt 1 | multi_family | 8 | 4 | 3,151 | $845,000 | 2025-12-19 |
| 1202 NW 61st St Apt 4 | multi_family | 8 | 4 | 3,824 | $731,250 | 2025-12-16 |
| 1920 NW 29th St | multi_family | 8 | 8 | 4,490 | $5,375,000 | 2025-12-03 |
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 |
|---|---|---|---|---|---|---|
| 1629 NW 40th St | multi_family | 8 | 6 | — | $969,900 | — |
| 1627 NW 40th St | single_family | 8 | 6 | — | $969,900 | — |
| 3527 NW 34th St | multi_family | 8 | 4 | 1,818 | $770,000 | — |
| 1286 NW 59th St | multi_family | 8 | 4 | 3,596 | $1,080,000 | — |
| 2835 NW 22nd Ave | multi_family | 8 | 4 | 4,421 | $1,149,000 | — |
| 3165 NW 61st St | multi_family | 8 | 6 | 2,894 | $950,000 | — |
| 2986 NW 26th St | multi_family | 8 | 6 | 3,768 | $1,200,000 | — |
| 1565 NW 47th St | multi_family | 8 | 4 | 2,245 | $995,000 | — |
10-year hold projection
IRR7.8%
Equity multiple2.23x
Total return (10yr)$420,437
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $988,800 | $53,322 | -$10,456 | $759,673 | $229,127 |
| 2 | $1,018,464 | $55,074 | -$8,818 | $750,775 | $267,689 |
| 3 | $1,049,018 | $56,883 | -$7,127 | $741,265 | $307,753 |
| 4 | $1,080,488 | $58,749 | -$5,380 | $731,102 | $349,386 |
| 5 | $1,112,903 | $60,676 | -$3,576 | $720,242 | $392,661 |
| 6 | $1,146,290 | $62,664 | -$1,713 | $708,635 | $437,655 |
| 7 | $1,180,679 | $64,716 | $211 | $696,232 | $484,447 |
| 8 | $1,216,099 | $66,835 | $2,197 | $682,977 | $533,122 |
| 9 | $1,252,582 | $69,021 | $4,248 | $668,811 | $583,771 |
| 10 | $1,290,160 | $71,277 | $6,365 | $653,673 | $636,486 |
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.