394 NE 174th St
North Miami Beach, FL 33162 · multi_family · For Sale · 33 days on market
Asking price$1,250,000
4 beds 4 baths 2,300 sqft
Suggested offer$534,465$715,535 above the est. market value of $534,465.
View on Realtor.com →Listed by Daniel Munoz · CENTURY 21 Capital Brokers
Typemulti_family
Built2026
Price / sqft$543
Est. value (own analysis)$534,465
Rent estimate (building total, own analysis)$5,497/mo
HOANone
1 / 8
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Statusfor_sale
Listed date2026-07-31
Removed date—
MLSMiamiMLS #A12062730
Coordinates25.93462, -80.19270
Address394 NE 174th St
CityNorth Miami Beach
StateFL
Zip33162
Listing ID6959150910
Sourceus-real-estate-listings, cached 2026-09-01
ZIP market snapshot (33162)
Typical home value (ZHVI)$472,330
Typical rent (ZORI)$2,262/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 | $1,250,000 |
| Down payment (20.0%) | $250,000 |
| Loan amount | $1,000,000 |
| Closing costs (5.0%) | $62,500 |
| Total cash to close | $312,500 |
| Income | |
| Rent (estimate) | $5,497$65,964 |
| Vacancy loss (8.0%) | |
| Effective gross income | $5,057$60,687 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,979$23,750 |
| Insurance (placeholder 0.8% of price) | $833$10,000 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $275$3,298 |
| Total operating expenses | $3,087$37,048 |
| 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) | $275$3,298 |
| 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.
No active rental listings cached yet for this bedroom count.
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 |
|---|---|---|---|---|---|---|
| 2071 NE 169th St | multi_family | 4 | 2 | 1,230 | $525,000 | 2026-07-09 |
| 1440 NE 171st St Apt 4 | multi_family | 4 | 4 | 3,830 | $890,000 | 2026-05-12 |
| 1440 NE 171st St | multi_family | 4 | 4 | 3,830 | $890,000 | 2026-04-30 |
| 1420 NE 171st St | multi_family | 4 | 4 | 3,880 | $850,000 | 2026-04-16 |
| 1226 NE 151st St | multi_family | 4 | 2 | 1,995 | $457,500 | 2026-03-05 |
| 1985 NE 172nd St | multi_family | 4 | 4 | 2,606 | $755,000 | 2025-12-31 |
| 1985 NE 172nd St | multi_family | 4 | 4 | 2,606 | $755,000 | 2025-12-31 |
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 |
|---|---|---|---|---|---|---|
| 2 NE 160th St | single_family | 4 | 2 | 2,367 | $1,100,000 | — |
| 230 NE 164th Ter | single_family | 4 | 3 | — | $699,999 | — |
| 660 NE 181st St | single_family | 4 | 3 | 1,959 | $750,990 | — |
| 172 NE 151st St | single_family | 4 | 4 | — | $1,050,000 | — |
| 170 NE 151st St | single_family | 4 | 4 | — | $1,050,000 | — |
| 565 NE 160th St | single_family | 4 | 2 | 1,567 | $495,000 | — |
| 560 NE 161st St | single_family | 4 | 2 | 1,523 | $599,999 | — |
| single_family | 4 | 3 | 3,056 | $1,200,000 | — |
10-year hold projection
IRR-2.2%
Equity multiple0.64x
Total return (10yr)$51,298
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,287,500 | $23,639 | -$56,775 | $989,158 | $298,342 |
| 2 | $1,326,125 | $24,533 | -$55,963 | $977,571 | $348,554 |
| 3 | $1,365,909 | $25,459 | -$55,121 | $965,189 | $400,720 |
| 4 | $1,406,886 | $26,417 | -$54,250 | $951,956 | $454,930 |
| 5 | $1,449,093 | $27,409 | -$53,347 | $937,814 | $511,278 |
| 6 | $1,492,565 | $28,436 | -$52,411 | $922,702 | $569,864 |
| 7 | $1,537,342 | $29,499 | -$51,441 | $906,551 | $630,791 |
| 8 | $1,583,463 | $30,599 | -$50,437 | $889,292 | $694,171 |
| 9 | $1,630,966 | $31,737 | -$49,397 | $870,847 | $760,119 |
| 10 | $1,679,895 | $32,914 | -$48,320 | $851,136 | $828,760 |
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.