1286 NW 59th St
Miami, FL 33142 · multi_family · For Sale · 51 days on market
Asking price$1,080,000
8 beds 4 baths 3,596 sqft
Suggested offer$868,830$211,170 above the est. market value of $868,830.
View on Realtor.com →Listed by Johana Parra · Realty One Group Evolution
Typemulti_family
Built1965
Price / sqft$300
Est. value (own analysis)$868,830
Rent estimate (building total, own analysis)$9,026/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood3/10moderate$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-07-13
Removed date—
MLSMiamiMLS #A12052741
Coordinates25.82952, -80.21828
Address1286 NW 59th St
CityMiami
StateFL
Zip33142
Listing ID6992508120
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33142)
Typical home value (ZHVI)$430,103
Typical rent (ZORI)$2,350/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 | $1,080,000 |
| Down payment (20.0%) | $216,000 |
| Loan amount | $864,000 |
| Closing costs (5.0%) | $54,000 |
| Total cash to close | $270,000 |
| Income | |
| Rent (estimate) | $9,026$108,312 |
| Vacancy loss (8.0%) | |
| Effective gross income | $8,304$99,647 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,710$20,520 |
| Insurance (est. scaled by flood & wind risk) | $1,152$13,824 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $451$5,416 |
| Total operating expenses | $3,313$39,760 |
| 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) | $451$5,416 |
| 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 |
|---|---|---|---|---|---|---|
| 4024 NW 23rd Ct | multi_family | 8 | 6 | 3,720 | $800,000 | 2026-02-09 |
| 2515 NW 52nd St Apt 1 | multi_family | 8 | 4 | 3,151 | $845,000 | 2025-12-19 |
| 1202 NW 61st St Apt 4 | multi_family | 8 | 4 | 3,824 | $731,250 | 2025-12-16 |
| 1920 NW 29th St | multi_family | 8 | 8 | 4,490 | $5,375,000 | 2025-12-03 |
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 |
|---|---|---|---|---|---|---|
| 1629 NW 40th St | multi_family | 8 | 6 | — | $969,900 | — |
| 1627 NW 40th St | single_family | 8 | 6 | — | $969,900 | — |
| 3527 NW 34th St | multi_family | 8 | 4 | 1,818 | $770,000 | — |
| 2835 NW 22nd Ave | multi_family | 8 | 4 | 4,421 | $1,149,000 | — |
| 3165 NW 61st St | multi_family | 8 | 6 | 2,894 | $950,000 | — |
| 2986 NW 26th St | multi_family | 8 | 6 | 3,768 | $1,200,000 | — |
| 1565 NW 47th St | multi_family | 8 | 4 | 2,245 | $995,000 | — |
| 1220 and 1222 NW 30th St | multi_family | 8 | 4 | 3,456 | $1,450,000 | — |
10-year hold projection
IRR7.7%
Equity multiple2.22x
Total return (10yr)$469,995
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,112,400 | $59,887 | -$12,156 | $854,632 | $257,768 |
| 2 | $1,145,772 | $61,882 | -$10,296 | $844,621 | $301,151 |
| 3 | $1,180,145 | $63,943 | -$8,375 | $833,923 | $346,222 |
| 4 | $1,215,550 | $66,070 | -$6,390 | $822,490 | $393,060 |
| 5 | $1,252,016 | $68,266 | -$4,339 | $810,271 | $441,745 |
| 6 | $1,289,576 | $70,533 | -$2,221 | $797,214 | $492,362 |
| 7 | $1,328,264 | $72,874 | -$34 | $783,260 | $545,004 |
| 8 | $1,368,112 | $75,291 | $2,226 | $768,348 | $599,764 |
| 9 | $1,409,155 | $77,786 | $4,560 | $752,412 | $656,744 |
| 10 | $1,451,430 | $80,362 | $6,971 | $735,381 | $716,049 |
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.