7115 NE 10th Ave

Miami, FL 33138 · single_family · For Sale · 219 days on market
Asking price$18,700,000
6 beds 7 baths 7,392 sqft
Suggested offer$5,202,268$13,497,732 above the est. market value of $5,202,268.
View on Realtor.com →
Listed by Chad Carroll · COMPASS
Typesingle_family
Built2027
Price / sqft$2530
Est. value (own analysis)$5,202,268
Rent estimate (own analysis)$29,750/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood9/10extreme$Air2/10MinorWildfire1/10Minimal
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Neighborhood

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Statusfor_sale
Listed date2026-01-26
Removed date
MLSMiamiMLS #A11945466
Coordinates25.84100, -80.17622
Address7115 NE 10th Ave
CityMiami
StateFL
Zip33138
Listing ID9053537720
Sourceus-real-estate-listings, cached 2026-08-30

ZIP market snapshot (33138)

Typical home value (ZHVI)$806,988
Typical rent (ZORI)$2,367/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$18,700,000
Down payment (20.0%)$3,740,000
Loan amount$14,960,000
Closing costs (5.0%)$935,000
Total cash to close$4,675,000
Rent (comp-derived)$29,750$357,000
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$357,000
Vacancy rate (assumption) assumption8.0%

$357,000 × 8.0% = $28,560

Effective gross income$27,370$328,440
Property tax (placeholder 1.9% of price)$29,608$355,300
Insurance (est. scaled by flood & wind risk)$27,427$329,120
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$1,488$17,850
Total operating expenses$58,523$702,270
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$328,440
Total operating expenses derived$702,270

$328,440 − $702,270 = -$373,830

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$14,960,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$14,960,000 amortized at 6.7% over 30 years = $96,137/mo

CapEx reserve (5.0% of GSR)$1,488$17,850
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-$373,830
Annual debt service derived$1,153,644
Annual CapEx reserve assumption$17,850
Annual PMI assumption$0

(-$373,830 − $1,153,644 − $17,850 − $0) ÷ 12 = -$128,777

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived-$373,830
Purchase price data$18,700,000

-$373,830 ÷ $18,700,000 = -2.0%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$1,545,324
Total cash to close derived$4,675,000

-$1,545,324 ÷ $4,675,000 = -33.1%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived-$373,830
Annual debt service derived$1,153,644

-$373,830 ÷ $1,153,644 = -0.32

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$357,000
Purchase price data$18,700,000

($357,000 ÷ 12) ÷ $18,700,000 = 0.2%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$18,700,000
Gross scheduled rent (annual) comp$357,000

$18,700,000 ÷ $357,000 = 52.4

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$702,270
Effective gross income derived$328,440

$702,270 ÷ $328,440 = 213.8%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$702,270
Annual debt service derived$1,153,644
Annual PMI assumption$0
Gross scheduled rent (annual) comp$357,000

($702,270 + $1,153,644 + $0) ÷ $357,000 = 519.9%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family643,500$17,0002026-08-13
single_family675,712$65,0002026-07-01
single_family654,432$29,5002026-06-17
single_family685,568$58,5002026-04-15
single_family653,446$30,0002023-02-13
single_family654,618$14,9002026-04-08

1230 NE 89th St

Miami, 33138 · rent comp

Bedrooms / bathrooms6 bd / 4 ba
Square footage3,500
Listed2026-08-13
Days on market

Asking rent: $17,000

View on Zillow →

980 Belle Meade Island Dr

Miami, 33138 · rent comp

Bedrooms / bathrooms6 bd / 7 ba
Square footage5,712
Listed2026-07-01
Days on market

Asking rent: $65,000

View on Zillow →

1076 NE Little River Dr

Miami, 33138 · rent comp

Bedrooms / bathrooms6 bd / 5 ba
Square footage4,432
Listed2026-06-17
Days on market

Asking rent: $29,500

View on Zillow →

707 NE 77th St

Miami, 33138 · rent comp

Bedrooms / bathrooms6 bd / 8 ba
Square footage5,568
Listed2026-04-15
Days on market

Asking rent: $58,500

View on Zillow →

9101 N Bayshore Dr

Miami, 33138 · rent comp

Bedrooms / bathrooms6 bd / 5 ba
Square footage3,446
Listed2023-02-13
Days on market

Asking rent: $30,000

View on Zillow →

1400 NE 103rd St

Miami Shores, 33138 · rent comp

Bedrooms / bathrooms6 bd / 5 ba
Square footage4,618
Listed2026-04-08
Days on market

Asking rent: $14,900

View on Zillow →

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
1001 NE 86th Stsingle_family332,216$1,640,0002026-09-01
101 NE 63rd Stsingle_family311,128$395,0002026-08-31
870 NE 97th Stsingle_family331,479$1,015,0002026-08-31
1450 NE 102nd Stsingle_family332,534$1,750,0002026-08-31
790 NE 96th Stsingle_family341,419$1,250,0002026-08-31
10570 NE 3rd Avesingle_family332,400$1,520,0002026-08-28
601 NE 105th Stsingle_family322,730$950,0002026-08-26
500 NE 95th Stsingle_family211,462$800,0002026-08-25
830 NE 83rd Stsingle_family321,494$930,0002026-08-25
475 NE 91st Stsingle_family321,920$1,230,0002026-08-21
9805 NE 4th Avenue Rdsingle_family321,217$1,025,0002026-08-21
9301 N Bayshore Drsingle_family454,225$8,000,0002026-08-18
1140 NE 87th Stsingle_family332,123$2,400,0002026-08-14
1031 NE 72nd Stsingle_family322,149$2,250,0002026-08-13
436 NE 88th Stsingle_family522,324$2,050,0002026-08-12
6329 NE 1st Avesingle_family21827$210,0002026-08-12
1106 NE 86th Stsingle_family322,072$1,200,0002026-08-11
360 NE 91st Stsingle_family332,042$1,900,0002026-08-10
454 NE 76th Stsingle_family32970$821,0002026-08-10
10610 NE 11th Avesingle_family221,965$1,485,0002026-08-10
666 NE 62nd Stsingle_family221,210$900,0002026-08-07
619 NE 87th Stsingle_family321,489$667,0002026-08-07
1130 NE 104th Stsingle_family322,046$1,350,0002026-08-05
453 NE 89th Stsingle_family321,690$1,350,0002026-08-04
8250 NE 3rd Ctsingle_family331,647$1,035,0002026-08-03
434 NE 77th Stsingle_family321,346$965,0002026-08-03
390 NE 103rd Stsingle_family542,770$1,690,0002026-07-31
124 NE 96th Stsingle_family324,086$2,625,0002026-07-28
273 NE 98th Stsingle_family342,515$2,550,0002026-07-24
1234 NE 96th Stsingle_family565,812$3,125,0002026-07-24
880 NE 72nd Tersingle_family331,716$1,475,0002026-07-23
861 NE 74th Stsingle_family211,221$1,500,0002026-07-23
1090 NE 92nd Stsingle_family423,227$2,435,0002026-07-22
8250 NE 4th Avesingle_family221,376$500,0002026-07-20
6322 NE 5th Avesingle_family422,161$840,0002026-07-17
1110 NE 100th Stsingle_family432,191$1,680,0002026-07-15
9105 NE 5th Avesingle_family321,894$2,300,0002026-07-14
597 NE 93rd Stsingle_family322,798$2,500,0002026-07-10
115 NE 88th Stsingle_family322,257$1,245,0002026-07-10
9880 NE 9th Avesingle_family331,574$1,075,0002026-07-09
8910 NE 9th Ctsingle_family321,434$1,110,0002026-07-08
860 NE 73rd Stsingle_family321,808$1,450,0002026-07-08
9999 NE 12th Avesingle_family322,905$1,651,0002026-07-07
485 NE 96th Stsingle_family332,866$1,640,0002026-07-07
10643 NE 11th Avesingle_family321,739$1,025,0002026-07-06
8730 NE 8th Ctsingle_family21930$725,0002026-07-02
9357 NE 9th Plsingle_family221,324$1,640,0002026-07-01
745 NE 88th Stsingle_family321,721$800,0002026-06-26
1080 NE 86th Stsingle_family231,496$1,375,0002026-06-26
866 NE 99th Stsingle_family331,907$1,150,0002026-06-26

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
499 NE 64th Stmulti_family662,483$3,000,000
650 NE 76th Stsingle_family653,107$2,799,000
1110 NE 84th Stsingle_family67$3,650,000
7700 NE 1st Ctsingle_family621,211$615,000
775 NE 77th Tersingle_family676,902$9,500,000
7101 NE 10th Avesingle_family678,118$24,850,000
7525 NE Miami Ctmulti_family6102,454$920,000
169 NE 69th Stmulti_family66$2,200,000

10-year hold projection

IRR-12.0%
Equity multiple-1.06x
Total return (10yr)-$7,180,780
YearProperty valueNOICash flowLoan balanceEquity
1$19,261,000-$373,830-$1,545,324$14,797,800$4,463,200
2$19,838,830-$381,534-$1,553,474$14,624,462$5,214,368
3$20,433,995-$389,380-$1,561,778$14,439,221$5,994,774
4$21,047,015-$397,373-$1,570,239$14,241,259$6,805,756
5$21,678,425-$405,513-$1,578,860$14,029,702$7,648,723
6$22,328,778-$413,802-$1,587,642$13,803,618$8,525,160
7$22,998,641-$422,243-$1,596,588$13,562,009$9,436,633
8$23,688,601-$430,839-$1,605,700$13,303,808$10,384,793
9$24,399,259-$439,590-$1,614,982$13,027,875$11,371,383
10$25,131,236-$448,499-$1,624,435$12,732,995$12,398,242
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.