2975 NW 96th St
Miami, FL 33147 · single_family · For Sale · 37 days on market
Asking price$749,900
6 beds 4 baths 2,164 sqft
Suggested offer$715,800$34,100 above the est. market value of $715,800.
View on Realtor.com →Listed by Sanitus Augustave · LPT Realty
Typesingle_family
Built—
Price / sqft$347
Est. value (Realtor.com)$715,800
Rent estimate (own analysis)$21,000/mo
HOANone
1 / 10
⚠ Cap rate of 27.2% is above the 20% sanity ceiling — verify the underlying price, rent, and expense data before trusting this. Cash-on-cash return of 77.4% is above the 50% sanity ceiling for a standard buy-and-hold — verify inputs before trusting this.
Show every detail
Statusfor_sale
Listed date2026-07-28
Removed date—
MLSBeachesMLS #B26057289
Coordinates25.86222, -80.24586
Address2975 NW 96th St
CityMiami
StateFL
Zip33147
Listing ID6945127179
Sourcerealtor, cached 2026-08-21
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)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $749,900 |
| Down payment (20.0%) | $149,980 |
| Loan amount | $599,920 |
| Closing costs (5.0%) | $37,495 |
| Total cash to close | $187,475 |
| Income | |
| Rent (comp-derived) | $21,000$252,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $19,320$231,840 |
| Operating expenses | |
| Property tax (real MLS tax bill, from Realtor Search) | $780$9,364 |
| Insurance (placeholder 0.8% of price) | $500$5,999 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $1,050$12,600 |
| Total operating expenses | $2,330$27,963 |
| 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) | $1,050$12,600 |
| 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
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| single_family | 6 | 4 | 3,500 | $17,000 | 2026-08-13 | — | |
| single_family | 6 | 5 | 3,462 | $16,500 | 2026-08-07 | — | |
| single_family | 6 | 4 | 2,763 | $6,500 | 2026-08-18 | — | |
| single_family | 6 | 7 | 5,712 | $65,000 | 2026-07-01 | — | |
| single_family | 6 | 3 | 1,854 | $5,300 | 2026-08-26 | — | |
| single_family | 6 | 5 | 4,432 | $29,500 | 2026-06-17 | — | |
| single_family | 6 | 7 | 3,603 | $26,000 | 2026-05-07 | — | |
| single_family | 6 | 7 | 5,125 | $14,000 | 2026-04-27 | — | |
| single_family | 6 | 8 | 5,568 | $58,500 | 2026-04-15 | — | |
| single_family | 6 | 7 | 5,697 | $25,000 | 2024-03-30 | — | |
| single_family | 6 | 5 | 3,446 | $30,000 | 2023-02-13 | — | |
| single_family | 6 | 5 | 4,200 | $17,000 | 2026-03-31 | — | |
| single_family | 6 | 6 | 5,324 | $30,000 | 2025-10-07 | — | |
| single_family | 6 | 4 | 3,078 | $3,500 | 2026-08-28 | — |
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 |
|---|---|---|---|---|---|---|
| 8340 NW 22nd Pl | single_family | 3 | 2 | 1,134 | $500,000 | 2026-09-02 |
| 3560 NW 95th St | single_family | 4 | 2 | — | $520,000 | 2026-08-31 |
| 2215 NW 98th St | single_family | 2 | 1 | 906 | $365,000 | 2026-08-28 |
| 1920 NW 69th Ter | single_family | 3 | 1 | 974 | $420,000 | 2026-08-27 |
| 1822 NW 66th St | single_family | 3 | 2 | — | $315,000 | 2026-08-26 |
| 1369 NW 68th Ter | single_family | 4 | 2 | — | $485,000 | 2026-08-26 |
| 8841 NW 14th Ave | single_family | 5 | 3 | 1,824 | $725,000 | 2026-08-26 |
| 1669 NW 70th St | single_family | 3 | 1 | 672 | $354,000 | 2026-08-24 |
| 2276 NW 81st St | single_family | 3 | 2 | 1,183 | $350,000 | 2026-08-17 |
| 3260 NW 95th Ter | single_family | 3 | 1 | 851 | $575,000 | 2026-08-14 |
| 10345 NW 35th Ct | single_family | 3 | 1 | 1,038 | $550,000 | 2026-08-13 |
| 7091 NW 21st Ave | single_family | 3 | 1 | 612 | $324,500 | 2026-08-12 |
| 8200 NW 34th Ave | single_family | 5 | 3 | 1,653 | $605,000 | 2026-08-12 |
| 3140 NW 97th St | single_family | 3 | 2 | 1,430 | $568,000 | 2026-08-12 |
| 2165 NW 93rd St | single_family | 3 | 1 | 1,920 | $280,000 | 2026-08-12 |
| 7051 NW 30th Ave | single_family | 2 | 1 | 1,122 | $355,000 | 2026-08-12 |
| 1535 NW 85th St | single_family | 4 | 2 | 1,287 | $490,000 | 2026-08-11 |
| 1518 NW 101st St | single_family | 2 | 1 | 1,448 | $373,000 | 2026-08-10 |
| 7031 NW 20th Ave | single_family | 3 | 2 | 1,122 | $510,000 | 2026-08-10 |
| 6422 NW 29th Ave | single_family | 3 | 1 | 950 | $300,000 | 2026-08-05 |
| 3185 NW 98th St | single_family | 2 | 1 | 1,144 | $310,000 | 2026-08-04 |
| 8390 NW 18th Ave | single_family | 3 | 2 | 1,411 | $325,000 | 2026-08-04 |
| 7759 NW 16th Ave | single_family | 3 | 2 | 1,456 | $476,000 | 2026-08-04 |
| 2851 NW 106th St | single_family | 3 | 2 | 1,452 | $490,000 | 2026-08-04 |
| 7738 NW 15th Ave | single_family | 3 | 2 | 1,450 | $468,000 | 2026-07-31 |
| 3101 NW 99th St | single_family | 2 | 1 | 1,033 | $295,000 | 2026-07-30 |
| 2285 NW 89th St | single_family | 3 | 2 | 870 | $485,000 | 2026-07-30 |
| 9290 NW 32nd Court Rd | single_family | 6 | 5 | 1,665 | $650,000 | 2026-07-29 |
| 2931 NW 66th St | single_family | 3 | 2 | 1,038 | $330,000 | 2026-07-28 |
| 3520 NW 99th St | single_family | 4 | 2 | 1,202 | $529,000 | 2026-07-28 |
| 2340 NW 99th Ter | single_family | 5 | 3 | 1,455 | $520,000 | 2026-07-27 |
| 1945 NW 86th St | single_family | 4 | 2 | 1,055 | $395,000 | 2026-07-27 |
| 2141 NW 80th St | single_family | 2 | 1 | 1,194 | $270,000 | 2026-07-24 |
| 1580 NW 77th Ter | single_family | 3 | 2 | 1,100 | $270,000 | 2026-07-24 |
| 3271 NW 102nd St | single_family | 5 | 3 | — | $625,000 | 2026-07-24 |
| 3521 NW 80th Ter | single_family | 3 | 3 | 1,651 | $450,000 | 2026-07-24 |
| 1887 NW 66th St | single_family | 2 | 1 | 625 | $315,000 | 2026-07-23 |
| 8200 NW 31st Ave | single_family | 3 | 2 | 1,208 | $550,000 | 2026-07-22 |
| 2160 NW 98th St | single_family | 3 | 1 | 1,386 | $345,000 | 2026-07-21 |
| 1738 NW 67th St | single_family | 3 | 1 | 970 | $308,000 | 2026-07-21 |
| 2121 NW 68th Ter | single_family | 3 | 1 | 1,091 | $420,000 | 2026-07-21 |
| 1880 NW 86th Ter | single_family | 2 | 1 | 972 | $227,500 | 2026-07-20 |
| 10415 NW 35th Ave | single_family | 2 | 1 | 2,948 | $630,000 | 2026-07-17 |
| 7625 NW 14th Ct | single_family | 3 | 1 | 933 | $499,000 | 2026-07-17 |
| 1415 NW 69th St | single_family | 2 | 1 | 816 | $385,000 | 2026-07-16 |
| 6306 NW 19th Ct | single_family | 3 | 2 | 1,110 | $305,000 | 2026-07-15 |
| 1542 NW 62nd Ter | single_family | 2 | 1 | 840 | $230,000 | 2026-07-14 |
| 3510 NW 82nd St | single_family | 3 | 2 | 1,118 | $365,000 | 2026-07-14 |
| 2222 NW 105th St | single_family | 3 | 2 | 1,137 | $499,000 | 2026-07-13 |
| 7929 NW 36th Ct | single_family | 3 | 2 | 1,250 | $557,000 | 2026-07-13 |
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 |
|---|---|---|---|---|---|---|
| 2419 NW 97th St | multi_family | 6 | 6 | 2,572 | $1,100,000 | — |
| 2109 NW 65th St | multi_family | 6 | 4 | 2,300 | $785,000 | — |
| 1766 NW 68th Ter | multi_family | 6 | 4 | 2,144 | $749,000 | — |
| 2249/2251 NW 66th St | multi_family | 6 | 4 | 2,440 | $805,000 | — |
| 2271/2273 NW 66th St | multi_family | 6 | 4 | 2,440 | $805,000 | — |
| 1331 NW 87th St | single_family | 6 | 4 | 3,585 | $850,000 | — |
| 1840 NW 63rd St | multi_family | 6 | 4 | 2,032 | $769,900 | — |
| 9700 NW 20th Ave | multi_family | 6 | 4 | — | $749,000 | — |
10-year hold projection
IRR81.6%
Equity multiple11.61x
Total return (10yr)$2,087,920
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $772,397 | $203,877 | $145,014 | $593,416 | $178,981 |
| 2 | $795,569 | $210,133 | $150,955 | $586,464 | $209,105 |
| 3 | $819,436 | $216,580 | $157,079 | $579,036 | $240,400 |
| 4 | $844,019 | $223,225 | $163,393 | $571,097 | $272,922 |
| 5 | $869,340 | $230,072 | $169,901 | $562,613 | $306,726 |
| 6 | $895,420 | $237,128 | $176,610 | $553,547 | $341,873 |
| 7 | $922,282 | $244,400 | $183,525 | $543,858 | $378,424 |
| 8 | $949,951 | $251,895 | $190,654 | $533,504 | $416,447 |
| 9 | $978,449 | $259,618 | $198,003 | $522,438 | $456,011 |
| 10 | $1,007,803 | $267,576 | $205,578 | $510,613 | $497,190 |
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.