1151 NW 1st St

Florida City, FL 33034 · single_family · For Sale · 118 days on market
Asking price$480,000
5 beds 5 baths 1,902 sqft
Suggested offer$383,957$96,043 above the est. market value of $383,957.
View on Realtor.com →
Listed by Aldo Briolo · Cervera Real Estate Inc.
Typesingle_family
Built2022
Price / sqft$252
Est. value (own analysis)$383,957
Rent estimate (own analysis)$3,600/mo
HOA$110/mo
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-05-07
Removed date
MLSMiamiMLS #A12015035
Coordinates25.44863, -80.49593
Address1151 NW 1st St
CityFlorida City
StateFL
Zip33034
Listing ID9288782581
Sourceus-real-estate-listings, cached 2026-08-28

ZIP market snapshot (33034)

Typical home value (ZHVI)$382,671
Typical rent (ZORI)$2,436/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$480,000
Down payment (20.0%)$96,000
Loan amount$384,000
Closing costs (5.0%)$24,000
Total cash to close$120,000
Rent (comp-derived)$3,600$43,194
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$43,194
Vacancy rate (assumption) assumption8.0%

$43,194 × 8.0% = $3,456

Effective gross income$3,312$39,738
Property tax (placeholder 1.9% of price)$760$9,120
Insurance (placeholder 0.8% of price)$320$3,840
HOA dues$110$1,320
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$180$2,160
Total operating expenses$1,370$16,440
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$39,738
Total operating expenses derived$16,440

$39,738 − $16,440 = $23,299

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$384,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$384,000 amortized at 6.7% over 30 years = $2,468/mo

CapEx reserve (5.0% of GSR)$180$2,160
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$23,299
Annual debt service derived$29,612
Annual CapEx reserve assumption$2,160
Annual PMI assumption$0

($23,299 − $29,612 − $2,160 − $0) ÷ 12 = -$706

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$23,299
Purchase price data$480,000

$23,299 ÷ $480,000 = 4.9%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$8,473
Total cash to close derived$120,000

-$8,473 ÷ $120,000 = -7.1%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$23,299
Annual debt service derived$29,612

$23,299 ÷ $29,612 = 0.79

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$43,194
Purchase price data$480,000

($43,194 ÷ 12) ÷ $480,000 = 0.7%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$480,000
Gross scheduled rent (annual) comp$43,194

$480,000 ÷ $43,194 = 11.1

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$16,440
Effective gross income derived$39,738

$16,440 ÷ $39,738 = 41.4%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$16,440
Annual debt service derived$29,612
Annual PMI assumption$0
Gross scheduled rent (annual) comp$43,194

($16,440 + $29,612 + $0) ÷ $43,194 = 106.6%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family531,810$3,6502026-08-24
single_family541,746$3,4002026-07-07
single_family551,902$3,5002026-06-21
single_family552,250$3,5302026-03-11
single_family532,281$3,5502026-06-17
single_family551,902$3,5002026-07-30
single_family531,810$3,6492026-05-23
single_family531,810$3,9002026-08-06
single_family531,810$4,0002026-07-10
single_family551,902$4,2002026-07-06
single_family551,902$3,850
single_family551,902$3,3002026-08-31

1361 NW 2nd Ter Unit 1361

Florida City, 33034 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage1,810
Listed2026-08-24
Days on market

Asking rent: $3,650

View on Zillow →

275 NW 13th Pl

Florida City, 33034 · rent comp

Bedrooms / bathrooms5 bd / 4 ba
Square footage1,746
Listed2026-07-07
Days on market

Asking rent: $3,400

View on Zillow →

229 NW 12th Ct

Florida City, 33034 · rent comp

Bedrooms / bathrooms5 bd / 5 ba
Square footage1,902
Listed2026-06-21
Days on market

Asking rent: $3,500

View on Zillow →

302 NW 11th Ct Unit 302

Florida City, 33034 · rent comp

Bedrooms / bathrooms5 bd / 5 ba
Square footage2,250
Listed2026-03-11
Days on market

Asking rent: $3,530

View on Zillow →

1373 NW 1st St Unit 1373

Florida City, 33034 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage2,281
Listed2026-06-17
Days on market

Asking rent: $3,550

View on Zillow →

268 NW 13th Ct

Florida City, 33034 · rent comp

Bedrooms / bathrooms5 bd / 5 ba
Square footage1,902
Listed2026-07-30
Days on market

Asking rent: $3,500

View on Zillow →

1327 NW 2nd Ln

Florida City, 33034 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage1,810
Listed2026-05-23
Days on market

Asking rent: $3,649

View on Zillow →

1387 NW 2nd Ln

Florida City, 33034 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage1,810
Listed2026-08-06
Days on market

Asking rent: $3,900

View on Zillow →

1330 NW 2nd St Unit 1330

Florida City, 33034 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage1,810
Listed2026-07-10
Days on market

Asking rent: $4,000

View on Zillow →

1164 NW 2nd St Unit 0

Florida City, 33034 · rent comp

Bedrooms / bathrooms5 bd / 5 ba
Square footage1,902
Listed2026-07-06
Days on market

Asking rent: $4,200

View on Zillow →

306 NW 11th Ct

Florida City, 33034 · rent comp

Bedrooms / bathrooms5 bd / 5 ba
Square footage1,902
Listed
Days on market

Asking rent: $3,850

View on Zillow →

307 NW 13th Pl Unit 0

Florida City, 33034 · rent comp

Bedrooms / bathrooms5 bd / 5 ba
Square footage1,902
Listed2026-08-31
Days on market

Asking rent: $3,300

View on Zillow →

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
624 NE 1st Stsingle_family542,790$656,0002026-07-21
619 NE 5th Stsingle_family532,580$500,0002026-07-10
35351 SW 218th Avesingle_family543,945$1,700,0002026-07-10
1396 NW 3rd Stsingle_family531,810$575,0002026-07-08
115 NE 6th Plsingle_family532,499$612,0002026-06-30
321 NW 13th Plsingle_family551,902$550,0002026-06-26
1160 NW 2nd Lnsingle_family551,902$505,0002026-06-22
621 NE 1st Tersingle_family532,499$608,0002026-04-17
130 NE 6th Plsingle_family532,499$619,0002026-03-30
19663 SW 339th Tersingle_family532,223$543,1002026-03-12
19461 SW 339th Tersingle_family532,632$525,0002026-03-11
34850 SW 218th Avesingle_family543,886$1,549,0002026-02-26
19538 SW 339th Tersingle_family533,054$606,0002026-02-24
1167 NW 2nd Tersingle_family541,902$409,9002026-02-19
19605 SW 334th Stsingle_family531,606$790,0002026-02-12
19448 SW 339th Tersingle_family532,632$545,0002026-02-03
19563 SW 340th Stsingle_family532,665$501,0002026-01-30
19681 SW 339th Tersingle_family532,632$567,7002026-01-28
19679 SW 340th Stsingle_family533,054$600,9002026-01-26
19488 SW 339th Tersingle_family533,054$553,0002026-01-14
19453 SW 339th Tersingle_family533,054$590,5002026-01-14
19436 SW 339th Tersingle_family533,054$618,0002026-01-07
19571 SW 339th Tersingle_family533,054$553,9002025-12-22
18785 SW 355th Tersingle_family543,022$1,000,0002025-12-16
19554 SW 339th Tersingle_family532,632$520,0002025-12-16
19477 SW 339th Tersingle_family533,054$585,0002025-12-09
19662 SW 339th Tersingle_family533,054$601,3002025-12-08
19539 SW 339th Tersingle_family532,632$519,1002025-12-05
19506 SW 339th Tersingle_family533,054$615,0002025-12-05
19680 SW 339th Tersingle_family533,054$630,0002025-12-05
19531 SW 340th Stsingle_family542,987$610,0002025-11-28
19455 SW 340th Stsingle_family542,987$590,0002025-11-25
19607 SW 340th Stsingle_family533,054$585,9002025-11-21
1132 NW 2nd Stsingle_family541,902$375,8002025-11-17
1135 NW 2nd Stsingle_family541,902$350,0002025-10-29
1112 NW 2nd Stsingle_family541,902$375,6002025-10-23
1350 NW 2nd Stsingle_family53$574,9002025-09-30
1363 NW 1st Stsingle_family53$574,9002025-09-29
1402 NW 1st Stsingle_family53$589,9002025-09-25
1334 NW 1st Stsingle_family53$574,9002025-09-25
1326 NW 1st Stsingle_family53$574,9002025-09-19
1344 NW 2nd Tersingle_family53$549,9002025-09-09

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
33734 SW 195 Avetownhomes542,987$704,990
19583 SW 337th Tersingle_family532,665$682,990
SW 336 St & SW 194 Avesingle_family532,665$603,990
19454 SW 338th Tersingle_family532,665$637,640
34817 SW 189th Plsingle_family532,456$624,990
33764 SW 195 Avesingle_family542,987$699,990
SW 336 St & SW 194 Avetownhomes532,987$679,990
19573 SW 338th Tersingle_family542,987$689,990

10-year hold projection

IRR5.8%
Equity multiple1.92x
Total return (10yr)$173,302
YearProperty valueNOICash flowLoan balanceEquity
1$494,400$23,299-$8,473$379,837$114,563
2$509,232$24,080-$7,746$375,387$133,845
3$524,509$24,887-$6,995$370,632$153,877
4$540,244$25,720-$6,218$365,551$174,693
5$556,452$26,580-$5,417$360,121$196,331
6$573,145$27,468-$4,588$354,317$218,828
7$590,339$28,385-$3,732$348,115$242,224
8$608,050$29,332-$2,848$341,488$266,562
9$626,291$30,309-$1,934$334,405$291,886
10$645,080$31,319-$991$326,836$318,244
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.