4050 NW 135th St Unit 5-1
Opa Locka, FL 33054 · condos · For Sale · 165 days on market
Asking price$179,999
2 beds 1 baths 800 sqft
Listed by Megan Barrios · LPT Realty
Typecondos
Built1973
Price / sqft$225
Est. value (Zillow, adjusted)$281,931
Rent estimate (own analysis)$1,800/mo
HOA$322/mo
1 / 11
Show every detail
Statusfor_sale
Listed date2026-03-21
Removed date—
MLSMiamiMLS #A11987146
Coordinates25.89599, -80.26420
Address4050 NW 135th St Unit 5-1
CityOpa Locka
StateFL
Zip33054
Listing ID6924478698
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 | $179,999 |
| Down payment (20.0%) | $36,000 |
| Loan amount | $143,999 |
| Closing costs (5.0%) | $9,000 |
| Total cash to close | $45,000 |
| Income | |
| Rent (comp-derived) | $1,800$21,600 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,656$19,872 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $285$3,420 |
| Insurance (placeholder 0.8% of price) | $120$1,440 |
| HOA dues | $322$3,864 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $90$1,080 |
| Total operating expenses | $817$9,804 |
| 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) | $90$1,080 |
| 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 |
|---|---|---|---|---|---|---|---|
| apartment | 2 | 1 | 650 | $1,575 | 2026-06-10 | — | |
| apartment | 2 | 1 | 905 | $1,650 | 2026-05-21 | — | |
| condos | 2 | 1 | 800 | $1,750 | 2026-03-27 | — | |
| apartment | 2 | 1 | 713 | $1,800 | 2026-07-18 | — | |
| apartment | 2 | 1 | 650 | $1,575 | 2026-07-17 | — | |
| apartment | 2 | 1 | 920 | $1,625 | 2026-04-02 | — | |
| apartment | 2 | 1 | 700 | $1,850 | 2026-03-30 | — | |
| condos | 2 | 1 | 800 | $2,000 | 2026-04-28 | — | |
| apartment | 2 | 1 | 850 | $2,100 | 2026-01-20 | — | |
| apartment | 2 | 1 | 905 | $1,800 | — | — | |
| condos | 2 | 1 | 864 | $2,400 | 2026-09-01 | — |
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.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 14286 NW 17th Ave | condos | 3 | 3 | 1,548 | $289,000 | 2026-08-21 |
| 4050 NW 135th St Unit 15-11 | condos | 3 | 1 | 928 | $195,000 | 2026-07-07 |
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 |
|---|---|---|---|---|---|---|
| 16400 NW 23rd Ct | single_family | 2 | 1 | 720 | $400,000 | — |
| 15300 Railroad Dr | single_family | 2 | 1 | 875 | $385,000 | — |
| 755 Harem Ave | single_family | 2 | 1 | 1,253 | $480,000 | — |
| 2365 NW 155th St | single_family | 2 | 1 | 750 | $365,000 | — |
| 1250 Sharazad Blvd | single_family | 2 | 1 | 864 | $429,000 | — |
| 1120 Opa Locka Blvd | single_family | 2 | 1 | 780 | $375,000 | — |
| 2450 NW 157th Street Rd | single_family | 2 | 1 | 720 | $435,000 | — |
| 2317 Rutland St | single_family | 2 | 1 | 594 | $319,000 | — |
10-year hold projection
IRR7.7%
Equity multiple2.21x
Total return (10yr)$78,169
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $185,399 | $10,068 | -$2,117 | $142,438 | $42,961 |
| 2 | $190,961 | $10,419 | -$1,792 | $140,769 | $50,192 |
| 3 | $196,690 | $10,782 | -$1,457 | $138,986 | $57,703 |
| 4 | $202,590 | $11,157 | -$1,111 | $137,081 | $65,510 |
| 5 | $208,668 | $11,544 | -$752 | $135,044 | $73,624 |
| 6 | $214,928 | $11,945 | -$382 | $132,868 | $82,060 |
| 7 | $221,376 | $12,359 | $2 | $130,542 | $90,834 |
| 8 | $228,017 | $12,786 | $398 | $128,057 | $99,960 |
| 9 | $234,858 | $13,228 | $808 | $125,401 | $109,457 |
| 10 | $241,904 | $13,685 | $1,231 | $122,563 | $119,341 |
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.