323 NW 56th Ave
Miami, FL 33126 · multi_family · For Sale · 48 days on market
Asking price$770,000
3 beds 3 baths 1,345 sqft
Suggested offer$428,799$341,201 above the est. market value of $428,799.
View on Realtor.com →Listed by Malgorzata Sadowska · Keller Williams Capital Realty
Typemulti_family
Built1955
Price / sqft$572
Est. value (own analysis)$428,799
Rent estimate (building total, own analysis)$3,658/mo
HOANone
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Show every detail
Statusfor_sale
Listed date2026-07-16
Removed date—
MLSMiamiMLS #A12053829
Coordinates—
Address323 NW 56th Ave
CityMiami
StateFL
Zip33126
Listing ID9351135997
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33126)
Typical home value (ZHVI)$303,717
Typical rent (ZORI)$2,370/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 | $770,000 |
| Down payment (20.0%) | $154,000 |
| Loan amount | $616,000 |
| Closing costs (5.0%) | $38,500 |
| Total cash to close | $192,500 |
| Income | |
| Rent (estimate) | $3,658$43,901 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,366$40,389 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,219$14,630 |
| Insurance (placeholder 0.8% of price) | $513$6,160 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $183$2,195 |
| Total operating expenses | $1,915$22,985 |
| 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) | $183$2,195 |
| 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
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| multi_family | 3 | 2 | 2,454 | $3,200 | 2026-08-18 | — | |
| multi_family | 3 | 2 | 1,000 | $2,900 | 2026-08-18 | — |
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.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 4736 NW Flagler Ter | multi_family | 5 | 3 | 1,920 | $575,000 | 2026-08-11 |
| 400 NW 44th Ave | multi_family | — | — | 2,294 | $799,000 | 2026-08-10 |
| 280 NW 41st Ave | multi_family | 4 | 2 | 1,680 | $650,000 | 2026-06-29 |
| 256 NW 50th Ave | multi_family | 6 | 4 | 2,900 | $774,000 | 2026-06-15 |
| 4335 NW 3rd St | multi_family | 5 | 2 | 2,509 | $285,000 | 2026-05-29 |
| 115 NW 56th Ave | multi_family | — | — | 1,629 | $510,000 | 2026-05-27 |
| 4518 NW 4th St | multi_family | 8 | 6 | 3,180 | $760,000 | 2026-05-14 |
| 214 NW 55th Ct | multi_family | 5 | 3 | 2,352 | $640,000 | 2026-05-12 |
| 5147 NW 1st St | multi_family | — | — | 2,346 | $750,000 | 2026-03-06 |
| 445 NW 45th Ave | multi_family | 4 | 2 | 3,635 | $900,000 | 2026-03-02 |
| 277 NW 47th Ct | multi_family | — | — | 1,038 | $330,000 | 2026-02-12 |
| 270 NW 40th Ct | multi_family | — | — | 2,833 | $1,000,000 | 2026-02-10 |
| 93 NW 75th Ave | multi_family | 4 | 2 | 2,398 | $781,000 | 2026-01-20 |
| 7633 NW 2nd Ter | multi_family | 6 | 4 | 2,329 | $781,000 | 2026-01-20 |
| 97 NW 47th Ct | multi_family | — | — | 2,172 | $850,000 | 2026-01-12 |
| 100 NW 43rd Pl | multi_family | 4 | 2 | 1,820 | $700,000 | 2025-12-26 |
| 1050 NW 43rd Ave | multi_family | 4 | 2 | 1,325 | $610,000 | 2025-09-25 |
| 435 NW 44th Ave | multi_family | — | — | 3,082 | $865,000 | 2025-09-18 |
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 |
|---|---|---|---|---|---|---|
| 380 NW 85th Pl Unit 1406 | condos | 3 | 3 | 1,560 | $478,000 | — |
| 10 NW 60th Ct | single_family | 3 | 2 | 1,563 | $669,900 | — |
| 229-230 NW 48th Ct | multi_family | 3 | 3 | 1,265 | $699,000 | — |
| 8356 NW 10th St Unit 6D | townhomes | 3 | 3 | 1,600 | $480,000 | — |
| 350 NW 58th Ave | single_family | 3 | 2 | 1,205 | $697,000 | — |
| 5170 NW 2nd St | single_family | 3 | 2 | 1,734 | $595,000 | — |
| 320 NW 61st Ave | single_family | 3 | 2 | 2,005 | $550,000 | — |
| 333 NW 60th Ave | single_family | 3 | 2 | 1,167 | $483,000 | — |
10-year hold projection
IRR-1.2%
Equity multiple0.80x
Total return (10yr)$62,396
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $793,100 | $17,404 | -$32,294 | $609,321 | $183,779 |
| 2 | $816,893 | $18,041 | -$31,712 | $602,184 | $214,709 |
| 3 | $841,400 | $18,700 | -$31,109 | $594,556 | $246,844 |
| 4 | $866,642 | $19,382 | -$30,485 | $586,405 | $280,237 |
| 5 | $892,641 | $20,087 | -$29,839 | $577,694 | $314,947 |
| 6 | $919,420 | $20,816 | -$29,170 | $568,384 | $351,036 |
| 7 | $947,003 | $21,571 | -$28,478 | $558,436 | $388,567 |
| 8 | $975,413 | $22,351 | -$27,761 | $547,804 | $427,609 |
| 9 | $1,004,675 | $23,158 | -$27,019 | $536,442 | $468,233 |
| 10 | $1,034,816 | $23,993 | -$26,251 | $524,300 | $510,516 |
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.