2170 NW Flagler Ter

Miami, FL 33125 · multi_family · For Sale · 58 days on market
Asking price$4,500,000
1 beds 1 baths 13,530 sqft
View on Realtor.com →
Listed by Antonio Cristobal · Real Estate Sales Force
Typemulti_family
Built1958
Price / sqft$333
Est. value (own analysis)$4,569,604
Rent estimate (building total, own analysis)$38,696/mo
HOANone
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Neighborhood

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Statusfor_sale
Listed date2026-07-06
Removed date
MLSMiamiMLS #A12049003
Coordinates25.77347, -80.23032
Address2170 NW Flagler Ter
CityMiami
StateFL
Zip33125
Listing ID6887980300
Sourceus-real-estate-listings, cached 2026-08-28

ZIP market snapshot (33125)

Typical home value (ZHVI)$466,681
Typical rent (ZORI)$2,360/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)

Purchase price$4,500,000
Down payment (20.0%)$900,000
Loan amount$3,600,000
Closing costs (5.0%)$225,000
Total cash to close$1,125,000
Rent (estimate)$38,696$464,350
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$464,350
Vacancy rate (assumption) assumption8.0%

$464,350 × 8.0% = $37,148

Effective gross income$35,600$427,202
Property tax (placeholder 1.9% of price)$7,125$85,500
Insurance (placeholder 0.8% of price)$3,000$36,000
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$1,935$23,217
Total operating expenses$12,060$144,717
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$427,202
Total operating expenses derived$144,717

$427,202 − $144,717 = $282,484

Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing)

Monthly Principal & Interest

Standard amortization on the loan amount, at the effective rate and term

Loan amount derived$3,600,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$3,600,000 amortized at 6.7% over 30 years = $23,135/mo

CapEx reserve (5.0% of GSR)$1,935$23,217
Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%)$0$0
Cash flow

Monthly Cash Flow

(NOI − Annual Debt Service − Annual CapEx Reserve − Annual PMI) ÷ 12

NOI derived$282,484
Annual debt service derived$277,615
Annual CapEx reserve assumption$23,217
Annual PMI assumption$0

($282,484 − $277,615 − $23,217 − $0) ÷ 12 = -$1,529

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$282,484
Purchase price data$4,500,000

$282,484 ÷ $4,500,000 = 6.3%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$18,348
Total cash to close derived$1,125,000

-$18,348 ÷ $1,125,000 = -1.6%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$282,484
Annual debt service derived$277,615

$282,484 ÷ $277,615 = 1.02

Rent-to-price (1% rule)

Rent-to-Price (the "1% rule")

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$464,350
Purchase price data$4,500,000

($464,350 ÷ 12) ÷ $4,500,000 = 0.9%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$4,500,000
Gross scheduled rent (annual) comp$464,350

$4,500,000 ÷ $464,350 = 9.7

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$144,717
Effective gross income derived$427,202

$144,717 ÷ $427,202 = 33.9%

Break-even occupancy

Break-Even Occupancy

(Total OpEx + Annual Debt Service + Annual PMI) ÷ Gross Scheduled Rent

Total operating expenses derived$144,717
Annual debt service derived$277,615
Annual PMI assumption$0
Gross scheduled rent (annual) comp$464,350

($144,717 + $277,615 + $0) ÷ $464,350 = 91.0%

Comparables

Same ZIP. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
duplex_triplex11300$1,7002024-08-14

140 NW 23rd Studio A Ave Unit Havana

Miami, 33125 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage300
Listed2024-08-14
Days on market

Asking rent: $1,700

View on Zillow →

Widened to any bedroom count in ZIP. 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.

AddressTypeBedsBathsLiving sqftSale priceSale date
745 NW 32nd Avemulti_family2,187$595,0002026-08-17
460 NW 25th Ctmulti_family421,584$424,0002026-08-12
1874 NW 19th Stmulti_family1,450$515,0002026-08-10
1330 NW 5th Stmulti_family552,690$1,100,0002026-08-07
1040 NW 23rd Ctmulti_family1,758$735,0002026-08-06
119 NW 17th Plmulti_family642,248$900,0002026-07-31
149 NW 17th Plmulti_family1,880$735,0002026-07-16
1953 NW 3rd Stmulti_family642,886$850,0002026-07-15
426 NW 13th Ave Apt 2multi_family843,722$1,283,0002026-07-13
1810 NW 3rd Stmulti_family642,034$799,0002026-07-09
1851 NW 22nd Ctmulti_family441,995$570,0002026-07-07
1800 NW 18th Termulti_family2,636$800,0002026-07-06
6947482638multi_family3,002$680,0002026-06-22
911 NW 22nd Plmulti_family83,244$900,0002026-06-22
1790 NW 19th Stmulti_family1,690$659,0002026-06-12
5911202681multi_family1,821$460,0002026-06-11
836 NW 33rd Avemulti_family4,151$1,350,0002026-06-09
330 NW 23rd Ctmulti_family1,404$575,0002026-06-08
226 NW 16th Avemulti_family512,637$470,0002026-06-03
1229 NW 5th Stmulti_family882,964$1,400,0002026-06-02
1237 NW 5th Stmulti_family852,759$1,400,0002026-06-02
330 NW 25th Avemulti_family1,926$561,2252026-06-02
1397 NW 28th Avemulti_family443,184$900,0002026-06-01
1342 NW 1st Stmulti_family421,950$640,0002026-05-27
1621 NW 16th Stmulti_family3,728$1,400,0002026-05-26
1429 NW 2nd Stmulti_family864,086$1,380,0002026-05-14
2223 NW 3rd Stmulti_family1,521$438,5002026-05-14
1976 NW 25th Avemulti_family4,492$365,0002026-05-12
928 NW 23rd Ctmulti_family321,516$799,0002026-05-11
2151 NW 1st Termulti_family$1,263,5002026-05-06
1801 NW 5th Stmulti_family2,052$700,0002026-05-01
1001 NW 36th Avemulti_family662,688$967,2002026-04-24
2029 NW 5th Stmulti_family512,532$605,0002026-04-21
1716 NW 19th Stmulti_family4,952$1,800,0002026-03-25
1011 NW 33rd Avemulti_family2,876$745,0002026-03-20
601 NW 23rd Ctmulti_family221,294$500,0002026-03-10
1361 NW 6th Stmulti_family431,992$1,413,0002026-03-05
3436 NW 2nd Stmulti_family2,842$700,0002026-03-02
1209 NW 33rd Avemulti_family532,650$675,0002026-02-27
954 NW 34th Avemulti_family442,066$805,0002026-02-26
5362550731multi_family2,524$940,0002026-01-26
1011 NW 27th Ctmulti_family1,773$627,5002026-01-23
1520 NW 1st Stmulti_family1047,238$1,450,0002025-12-31
1971 NW 24th Ctmulti_family622,404$750,0002025-12-22
1027 NW 28th Avemulti_family1,992$825,0002025-12-10
2402 NW 11th Stmulti_family221,141$226,3002025-11-21
3681 NW 14th Stmulti_family321,204$372,0002025-11-18
3281 NW 14th Termulti_family632,473$715,0002025-11-17
1991 NW 32nd Avemulti_family84,541$1,850,0002025-11-14
132 NW 18th Avemulti_family2,126$765,0002025-11-12

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.

AddressTypeBedsBathsSqftAsking priceDays on market
1800 NW 24th Ave Apt 618condos11604$180,000
1740 NW North River Dr Apt 419condos11634$229,000
1 Glen Royal Pkwy Apt 809condos12796$375,000
315 NW 27th Ave Unit 303condos11659$495,000
315 NW 27th Ave Unit 314condos11659$495,000
1871 NW S River Dr Unit 1606condos12804$320,000
1861 NW S River Dr Unit 2408condos12987$350,000
1871 NW S River Dr Unit 1502condos12803$299,000

10-year hold projection

IRR9.9%
Equity multiple2.54x
Total return (10yr)$2,323,334
YearProperty valueNOICash flowLoan balanceEquity
1$4,635,000$282,484-$18,348$3,560,968$1,074,032
2$4,774,050$291,682-$9,731$3,519,256$1,254,794
3$4,917,272$301,174-$833$3,474,679$1,442,593
4$5,064,790$310,970$8,352$3,427,041$1,637,749
5$5,216,733$321,078$17,836$3,376,132$1,840,602
6$5,373,235$331,509$27,626$3,321,726$2,051,509
7$5,534,432$342,273$37,733$3,263,585$2,270,847
8$5,700,465$353,381$48,167$3,201,451$2,499,014
9$5,871,479$364,842$58,939$3,135,050$2,736,429
10$6,047,624$376,669$70,059$3,064,090$2,983,534
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.
All figures are estimates for evaluation purposes only, not investment, tax, legal, or insurance advice. Property tax is estimated from a real matched tax bill or millage rate when available, a placeholder % of price otherwise; insurance is scaled by flood and wind risk where those are known and a flat percentage otherwise — never a real quote. Verify all of them, along with association restrictions and permit status, before committing capital. Rent estimates come from real comps or Zillow’s ZIP index, not appraisals.