1810 NW 46th St Unit B

Miami, FL 33142 · townhomes · For Sale · 194 days on market
Asking price$775,000
3 beds 3 baths 1,998 sqft
Suggested offer$740,821$34,179 above the est. market value of $740,821.
View on Realtor.com →
Listed by Omar Hernandez · Ng International Realty Llc
Typetownhomes
Built2026
Price / sqft$388
Est. value (Zillow, adjusted)$740,821
Rent estimate (own analysis)$3,990/mo
HOANone
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-02-20
Removed date
MLSMiamiMLS #A11967681
Coordinates25.81681, -80.22657
Address1810 NW 46th St Unit B
CityMiami
StateFL
Zip33142
Listing ID9154413395
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)

Purchase price$775,000
Down payment (20.0%)$155,000
Loan amount$620,000
Closing costs (5.0%)$38,750
Total cash to close$193,750
Rent (comp-derived)$3,990$47,880
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$47,880
Vacancy rate (assumption) assumption8.0%

$47,880 × 8.0% = $3,830

Effective gross income$3,671$44,050
Property tax (placeholder 1.9% of price)$1,227$14,725
Insurance (placeholder 0.8% of price)$517$6,200
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$200$2,394
Total operating expenses$1,943$23,319
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$44,050
Total operating expenses derived$23,319

$44,050 − $23,319 = $20,731

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$620,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$620,000 amortized at 6.7% over 30 years = $3,984/mo

CapEx reserve (5.0% of GSR)$200$2,394
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$20,731
Annual debt service derived$47,811
Annual CapEx reserve assumption$2,394
Annual PMI assumption$0

($20,731 − $47,811 − $2,394 − $0) ÷ 12 = -$2,456

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$20,731
Purchase price data$775,000

$20,731 ÷ $775,000 = 2.7%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$29,475
Total cash to close derived$193,750

-$29,475 ÷ $193,750 = -15.2%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$20,731
Annual debt service derived$47,811

$20,731 ÷ $47,811 = 0.43

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$47,880
Purchase price data$775,000

($47,880 ÷ 12) ÷ $775,000 = 0.5%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$775,000
Gross scheduled rent (annual) comp$47,880

$775,000 ÷ $47,880 = 16.2

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$23,319
Effective gross income derived$44,050

$23,319 ÷ $44,050 = 52.9%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$23,319
Annual debt service derived$47,811
Annual PMI assumption$0
Gross scheduled rent (annual) comp$47,880

($23,319 + $47,811 + $0) ÷ $47,880 = 148.6%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
townhomes331,765$3,9902026-08-12
townhomes331,765$3,9902026-06-08
townhomes311,512$2,7002026-07-31

1357 NW 42nd St Unit 1357

Miami, 33142 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,765
Listed2026-08-12
Days on market

Asking rent: $3,990

View on Zillow →

1355 NW 42nd St Unit 1355

Miami, 33142 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,765
Listed2026-06-08
Days on market

Asking rent: $3,990

View on Zillow →

Miami, 33142 · rent comp

Bedrooms / bathrooms3 bd / 1 ba
Square footage1,512
Listed2026-07-31
Days on market

Asking rent: $2,700

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
4311 NW 32nd Avetownhomes231,160$400,0002026-08-28
4313 NW 32nd Ave Unit 4313townhomes231,160$400,0002026-07-17

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
5300 NW 30th Plsingle_family321,508$538,900
1300 NW 42nd Stsingle_family32989$489,000
3300 NW 50th Stsingle_family31832$419,000
3073 NW 59th Stsingle_family31960$489,000
3035 NW 55th Stsingle_family31957$375,000
6021 NW 21st Avesingle_family311,000$399,990
2030 NW 43rd Stsingle_family321,555$450,000
3111 NW 57th Stsingle_family321,656$549,500

10-year hold projection

IRR-0.1%
Equity multiple0.98x
Total return (10yr)$97,623
YearProperty valueNOICash flowLoan balanceEquity
1$798,250$20,731-$29,475$613,278$184,972
2$822,198$21,469-$28,796$606,094$216,104
3$846,863$22,233-$28,094$598,417$248,447
4$872,269$23,022-$27,367$590,212$282,057
5$898,437$23,838-$26,616$581,445$316,993
6$925,391$24,682-$25,838$572,075$353,316
7$953,152$25,555-$25,033$562,062$391,091
8$981,747$26,456-$24,201$551,361$430,386
9$1,011,199$27,389-$23,340$539,925$471,274
10$1,041,535$28,353-$22,449$527,704$513,831
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.