2390 Service Rd
Opa Locka, FL 33054 · single_family · Pending — under contract · 58 days on market
Asking price$599,000
5 beds 3 baths 1,864 sqft
Suggested offer$595,285$3,715 above the est. market value of $595,285.
View on Realtor.com →Listed by Ariel Lopez · Island Living Realty, Llc
Typesingle_family
Built1950
Price / sqft$321
Est. value (own analysis)$595,285
Rent estimate (Zillow ZIP avg)$2,279/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood3/10moderate$Air2/10MinorWildfire1/10Minimal
1 / 20
Show every detail
Statusfor_sale
Listed date2026-07-06
Removed date—
MLSMiamiMLS #A12048829
Coordinates25.90549, -80.23953
Address2390 Service Rd
CityOpa Locka
StateFL
Zip33054
Listing ID6873498889
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 | $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 (ZIP avg, ZORI — not bedroom-specific) | $2,279$27,353 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,097$25,165 |
| 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) | $114$1,368 |
| Total operating expenses | $1,701$20,416 |
| 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) | $114$1,368 |
| 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.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| single_family | 5 | 3 | 1,899 | $2,925 | 2026-06-01 | — |
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 |
|---|---|---|---|---|---|---|
| 2330 Rutland St | single_family | 5 | 2 | 1,622 | $518,000 | 2026-07-24 |
| 730 Curtiss Dr | single_family | 5 | 2 | 2,942 | $685,000 | 2026-02-23 |
| 15920 NW 17th Ct | single_family | 5 | 2 | 1,432 | $580,000 | 2026-02-19 |
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 |
|---|---|---|---|---|---|---|
| 16100 NW 28th Ct | single_family | 5 | 3 | 2,002 | $689,000 | — |
| multi_family | 5 | 4 | 2,189 | $615,000 | — | |
| 15803 NW 47th Ave | multi_family | 5 | 3 | 1,743 | $749,900 | — |
| 2830 NW 156th St | single_family | 5 | 3 | 2,051 | $760,000 | — |
| 15801 NW 47th Ave | multi_family | 5 | 3 | 1,789 | $749,900 | — |
| 15770 NW 18th Pl | single_family | 5 | 3 | 2,541 | $649,900 | — |
10-year hold projection
IRR-5.0%
Equity multiple0.16x
Total return (10yr)-$47,757
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $616,970 | $4,749 | -$33,572 | $474,004 | $142,966 |
| 2 | $635,479 | $4,993 | -$33,362 | $468,452 | $167,027 |
| 3 | $654,543 | $5,248 | -$33,143 | $462,518 | $192,025 |
| 4 | $674,180 | $5,513 | -$32,914 | $456,177 | $218,003 |
| 5 | $694,405 | $5,788 | -$32,675 | $449,401 | $245,005 |
| 6 | $715,237 | $6,074 | -$32,427 | $442,159 | $273,079 |
| 7 | $736,694 | $6,372 | -$32,168 | $434,419 | $302,275 |
| 8 | $758,795 | $6,682 | -$31,898 | $426,149 | $332,647 |
| 9 | $781,559 | $7,003 | -$31,617 | $417,310 | $364,249 |
| 10 | $805,006 | $7,338 | -$31,324 | $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.