31 NW 10th St
Miami, FL 33030 · condos · For Sale · 99 days on market
Asking price$614,500
1 beds 1 baths 509 sqft
Suggested offer$521,479$93,021 above the est. market value of $521,479.
View on Realtor.com →Listed by Steven Mikhli · Nest Seekers International, Midtown
Typecondos
Built—
Price / sqft$1207
Est. value (Zillow ZIP avg)$521,479
Rent estimate (own analysis)$1,250/mo
HOANone
1 / 9
Show every detail
Statusfor_sale
Listed date2026-05-26
Removed date—
MLSNestSeekers #5509310
Coordinates25.45828, -80.47769
Address31 NW 10th St
CityMiami
StateFL
Zip33030
Listing ID9196599983
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33030)
Typical home value (ZHVI)$521,479
Typical rent (ZORI)$2,465/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 | $614,500 |
| Down payment (20.0%) | $122,900 |
| Loan amount | $491,600 |
| Closing costs (5.0%) | $30,725 |
| Total cash to close | $153,625 |
| Income | |
| Rent (comp-derived) | $1,250$15,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,150$13,800 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $973$11,676 |
| Insurance (placeholder 0.8% of price) | $410$4,916 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $63$750 |
| Total operating expenses | $1,445$17,342 |
| 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) | $63$750 |
| 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.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| apartment | 1 | 1 | 550 | $1,550 | 2026-06-17 | — | |
| apartment | 1 | 1 | 395 | $1,000 | — | — | |
| apartment | 1 | 1 | 500 | $1,250 | 2024-04-15 | — |
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.
No recent recorded sales cached yet for this ZIP.
Widened to city-wide. 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 |
|---|---|---|---|---|---|---|
| 11 NE 6 St Unit 3213 | condos | 1 | 1 | 600 | $629,999 | — |
| 11 NE 6th Unit 1908 | condos | 1 | 1 | 430 | $425,000 | — |
| condos | 1 | 1 | 522 | $498,800 | — | |
| 11 NE 6th St Unit 705 | condos | 1 | 1 | 551 | $545,000 | — |
| 11 NE 6th Unit 1210 | condos | 1 | 1 | 600 | $519,000 | — |
| 690 SW 1st Ave Unit 2006 | condos | 1 | 1 | 548 | $890,000 | — |
| 690 SW 1st Ave Unit 1402 | condos | 1 | 1 | 727 | $780,000 | — |
| 690 SW 1st Ave Unit 1608 | condos | 1 | 1 | 548 | $860,000 | — |
10-year hold projection
IRR-8.4%
Equity multiple-0.43x
Total return (10yr)-$139,065
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $632,935 | -$3,542 | -$42,201 | $486,270 | $146,665 |
| 2 | $651,923 | -$3,561 | -$42,240 | $480,574 | $171,349 |
| 3 | $671,481 | -$3,579 | -$42,277 | $474,487 | $196,994 |
| 4 | $691,625 | -$3,595 | -$42,313 | $467,982 | $223,644 |
| 5 | $712,374 | -$3,610 | -$42,347 | $461,030 | $251,344 |
| 6 | $733,745 | -$3,622 | -$42,381 | $453,600 | $280,145 |
| 7 | $755,757 | -$3,633 | -$42,412 | $445,661 | $310,096 |
| 8 | $778,430 | -$3,641 | -$42,443 | $437,176 | $341,254 |
| 9 | $801,783 | -$3,648 | -$42,471 | $428,109 | $373,674 |
| 10 | $825,837 | -$3,651 | -$42,498 | $418,419 | $407,418 |
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.