2011 NW 96th St

Miami, FL 33147 · single_family · For Sale · 361 days on market
Asking price$375,000
2 beds 1 baths 890 sqft
Suggested offer$327,206$47,794 above the est. market value of $327,206.
View on Realtor.com →
Listed by David Wilson · The R.E. Resource Grp., Inc.
Typesingle_family
Built1953
Price / sqft$421
Est. value (own analysis)$327,206
Rent estimate (own analysis)$2,500/mo
HOANone
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Neighborhood

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Statusfor_sale
Listed date2025-09-06
Removed date
MLSMiamiMLS #A11873779
Coordinates25.86272, -80.23131
Address2011 NW 96th St
CityMiami
StateFL
Zip33147
Listing ID6888147553
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)

Purchase price$375,000
Down payment (20.0%)$75,000
Loan amount$300,000
Closing costs (5.0%)$18,750
Total cash to close$93,750
Rent (comp-derived)$2,500$30,000
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$30,000
Vacancy rate (assumption) assumption8.0%

$30,000 × 8.0% = $2,400

Effective gross income$2,300$27,600
Property tax (placeholder 1.9% of price)$594$7,125
Insurance (placeholder 0.8% of price)$250$3,000
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$125$1,500
Total operating expenses$969$11,625
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$27,600
Total operating expenses derived$11,625

$27,600 − $11,625 = $15,975

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$300,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$300,000 amortized at 6.7% over 30 years = $1,928/mo

CapEx reserve (5.0% of GSR)$125$1,500
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$15,975
Annual debt service derived$23,135
Annual CapEx reserve assumption$1,500
Annual PMI assumption$0

($15,975 − $23,135 − $1,500 − $0) ÷ 12 = -$722

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$15,975
Purchase price data$375,000

$15,975 ÷ $375,000 = 4.3%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$8,660
Total cash to close derived$93,750

-$8,660 ÷ $93,750 = -9.2%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$15,975
Annual debt service derived$23,135

$15,975 ÷ $23,135 = 0.69

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$30,000
Purchase price data$375,000

($30,000 ÷ 12) ÷ $375,000 = 0.7%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$375,000
Gross scheduled rent (annual) comp$30,000

$375,000 ÷ $30,000 = 12.5

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$11,625
Effective gross income derived$27,600

$11,625 ÷ $27,600 = 42.1%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$11,625
Annual debt service derived$23,135
Annual PMI assumption$0
Gross scheduled rent (annual) comp$30,000

($11,625 + $23,135 + $0) ÷ $30,000 = 115.9%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family211,196$2,3002026-08-19
single_family21981$2,5002026-08-17
single_family21768$2,5002026-07-20
single_family21640$1,7502026-07-16
single_family21856$2,2002026-06-23
single_family21792$2,4002026-05-25
single_family221,073$2,5002026-07-31
single_family21900$2,7002026-07-30
single_family21880$5,0002026-08-13
single_family21848$2,6002026-02-11

2531 NW 88th St Unit 2531

Miami, 33147 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage1,196
Listed2026-08-19
Days on market

Asking rent: $2,300

View on Zillow →

1915 NW 82nd St

Miami, 33147 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage981
Listed2026-08-17
Days on market

Asking rent: $2,500

View on Zillow →

1770 NW 84th St Unit 0

Miami, 33147 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage768
Listed2026-07-20
Days on market

Asking rent: $2,500

View on Zillow →

1904 NW 71st St Unit 0

Miami, 33147 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage640
Listed2026-07-16
Days on market

Asking rent: $1,750

View on Zillow →

1896 NW 64th St Unit 1

Miami, 33147 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage856
Listed2026-06-23
Days on market

Asking rent: $2,200

View on Zillow →

1320 NW 87th St

Miami, 33147 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage792
Listed2026-05-25
Days on market

Asking rent: $2,400

View on Zillow →

1795 NW 85th St

Miami, 33147 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,073
Listed2026-07-31
Days on market

Asking rent: $2,500

View on Zillow →

9016 NW 35th Ct

Miami, 33147 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage900
Listed2026-07-30
Days on market

Asking rent: $2,700

View on Zillow →

3048 NW 63rd St

Miami, 33147 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage880
Listed2026-08-13
Days on market

Asking rent: $5,000

View on Zillow →

1880 NW 69th St

Miami, 33147 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage848
Listed2026-02-11
Days on market

Asking rent: $2,600

View on Zillow →

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
2215 NW 98th Stsingle_family21906$365,0002026-08-28
7051 NW 30th Avesingle_family211,122$355,0002026-08-12
1518 NW 101st Stsingle_family211,448$373,0002026-08-10
3185 NW 98th Stsingle_family211,144$310,0002026-08-04
3101 NW 99th Stsingle_family211,033$295,0002026-07-30
2141 NW 80th Stsingle_family211,194$270,0002026-07-24
1887 NW 66th Stsingle_family21625$315,0002026-07-23
1880 NW 86th Tersingle_family21972$227,5002026-07-20
10415 NW 35th Avesingle_family212,948$630,0002026-07-17
1415 NW 69th Stsingle_family21816$385,0002026-07-16
1542 NW 62nd Tersingle_family21840$230,0002026-07-14
1733 NW 66th Stsingle_family21833$220,0002026-07-06
2124 NW 81st Stsingle_family211,020$375,0002026-06-26
8901 NW 32nd Avesingle_family21950$545,0002026-06-26
7464 NW 17th Avesingle_family21483$180,0002026-06-25
3435 NW 97th Stsingle_family211,340$600,0002026-06-25
2900 NW 95th Stsingle_family211,311$549,0002026-06-23
2263 NW 86th Tersingle_family211,220$470,0002026-06-15
3561 NW 106th Stsingle_family211,578$375,0002026-06-10
2110 NW 82nd Stsingle_family211,419$550,0002026-06-08
1427 NW 69th Tersingle_family211,134$268,0002026-06-01
2020 NW 83rd Tersingle_family21726$395,0002026-06-01
1780 NW 89th Stsingle_family21960$280,0002026-05-22
2231 NW 74th Stsingle_family211,392$435,0002026-05-15
1720 NW 85th Stsingle_family21894$380,0002026-05-09
1360 NW 87th Stsingle_family211,328$299,0002026-05-06
2995 NW 88th Stsingle_family211,414$590,0002026-05-01
10109 NW 29th Avesingle_family21792$300,0002026-04-30
2377 NW 84th Stsingle_family21776$399,0002026-04-28
9311 Broad Manor Rdsingle_family211,623$530,0002026-04-23
10351 NW 28th Avesingle_family211,355$360,0002026-04-20
2353 NW 81st Stsingle_family211,037$602,0002026-04-17
7525 NW 15th Avesingle_family22658$360,0002026-04-15
1537 NW 64th Stsingle_family21936$350,0002026-04-15
1458 NW 69th Tersingle_family21761$205,0002026-04-14
8411 NW 25th Avesingle_family21792$274,9002026-04-08
2177 NW 90th Stsingle_family21783$230,0002026-04-06
1220 NW 70th Stsingle_family21896$157,0002026-04-01
1868 NW 64th Stsingle_family21850$349,0002026-04-01
2231 NW 91st Stsingle_family21824$410,0002026-03-30
1430 NW 74th Stsingle_family21836$370,0002026-03-25
3270 NW 95th Tersingle_family211,840$220,0002026-03-24
2995 NW 106th Stsingle_family22968$395,0002026-03-10
2365 NW 79th Tersingle_family21656$230,0002026-03-09
2315 NW 63rd Stsingle_family21864$450,0002026-03-09
1510 NW 70th Stsingle_family221,080$249,9992026-03-06
2365 NW 89th Stsingle_family211,242$399,9002026-03-04
1296 NW 72nd Stsingle_family21837$370,0002026-03-04
3057 NW 101st Stsingle_family211,156$445,0002026-02-26

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
9422 NW 26th Avesingle_family22792$425,000
1935 NW 86th Tersingle_family21624$350,000
2531 NW 88th Stsingle_family211,196$510,000
2925 NW 63rd Stmulti_family211,608$655,000
2215 NW 98th Stsingle_family21906$430,000
1780 NW 64th Stsingle_family21675$269,900
2251 NW 93rd Tersingle_family21938$399,000
1321 NW 82nd Stsingle_family21720$375,000

10-year hold projection

IRR4.2%
Equity multiple1.67x
Total return (10yr)$111,641
YearProperty valueNOICash flowLoan balanceEquity
1$386,250$15,975-$8,660$296,747$89,503
2$397,838$16,512-$8,160$293,271$104,566
3$409,773$17,067-$7,643$289,557$120,216
4$422,066$17,640-$7,109$285,587$136,479
5$434,728$18,232-$6,558$281,344$153,383
6$447,770$18,843-$5,988$276,811$170,959
7$461,203$19,474-$5,400$271,966$189,237
8$475,039$20,126-$4,792$266,788$208,251
9$489,290$20,799-$4,163$261,254$228,036
10$503,969$21,494-$3,514$255,341$248,628
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.