2462 NW 131st Cir
Miami, FL 33167 · single_family · For Sale · 91 days on market
Asking price$670,000
4 beds 3 baths 2,107 sqft
Suggested offer$634,013$35,987 above the est. market value of $634,013.
View on Realtor.com →Listed by Omar Herrera · Smart Miami Realty, LLC.
Typesingle_family
Built2023
Price / sqft$318
Est. value (own analysis)$634,013
Rent estimate (own analysis)$3,790/mo
HOA$309/mo
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Statusfor_sale
Listed date2026-06-03
Removed date—
MLSMiamiMLS #A12029043
Coordinates25.89234, -80.23870
Address2462 NW 131st Cir
CityMiami
StateFL
Zip33167
Listing ID9352397512
Sourceus-real-estate-listings, cached 2026-09-01
ZIP market snapshot (33167)
Typical home value (ZHVI)$471,366
Typical rent (ZORI)$2,813/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 | $670,000 |
| Down payment (20.0%) | $134,000 |
| Loan amount | $536,000 |
| Closing costs (5.0%) | $33,500 |
| Total cash to close | $167,500 |
| Income | |
| Rent (comp-derived) | $3,790$45,480 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,487$41,842 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,061$12,730 |
| Insurance (placeholder 0.8% of price) | $447$5,360 |
| HOA dues | $309$3,708 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $190$2,274 |
| Total operating expenses | $2,006$24,072 |
| 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) | $190$2,274 |
| 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 |
|---|---|---|---|---|---|---|---|
| single_family | 4 | 2 | 1,976 | $3,100 | 2026-08-18 | — | |
| single_family | 4 | 3 | 1,983 | $3,900 | 2026-08-14 | — | |
| single_family | 4 | 3 | 1,820 | $3,790 | — | — | |
| single_family | 4 | 3 | 2,107 | $3,800 | — | — | |
| single_family | 4 | 3 | 1,820 | $2,925 | 2026-06-11 | — |
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.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 2427 NW 131st Cir | single_family | 4 | 3 | 1,983 | $570,000 | 2026-08-31 |
| 11940 NW 19th Ave | single_family | 4 | 2 | 1,513 | $297,500 | 2026-08-14 |
| 2530 NW 111th St | single_family | 4 | 2 | 1,776 | $675,000 | 2026-07-28 |
| 2520 NW 108th St | single_family | 4 | 3 | 1,364 | $610,000 | 2026-07-21 |
| 14620 NW 17th Dr | single_family | 4 | 3 | 3,977 | $1,286,000 | 2026-07-08 |
| 14431 NW 13th Rd | single_family | 4 | 2 | 1,656 | $600,000 | 2026-06-23 |
| 2055 NW 132nd St | single_family | 4 | 2 | 1,699 | $570,000 | 2026-06-22 |
| 5372914331 | single_family | 4 | 3 | 2,100 | $649,999 | 2026-06-18 |
| 1855 NW 121st St | single_family | 4 | 4 | 2,034 | $539,900 | 2026-06-16 |
| 1361 NW 111th St | single_family | 4 | 2 | 1,560 | $490,000 | 2026-05-21 |
| 1835 NW 122nd St | single_family | 4 | 3 | 1,667 | $295,000 | 2026-04-27 |
| 14781 S River Dr | single_family | 4 | 4 | 4,662 | $1,225,000 | 2026-04-22 |
| 13160 NW 17th Ave | single_family | 4 | 2 | 1,753 | $529,000 | 2026-04-10 |
| 14400 NW 16th Ct | single_family | 4 | 2 | 1,403 | $520,000 | 2026-03-25 |
| 1635 NW 130th St | single_family | 4 | 2 | 1,653 | $550,000 | 2026-03-10 |
| 14655 NW River Dr | single_family | 4 | 3 | 1,965 | $625,000 | 2026-02-17 |
| 2372 NW 130th Ter | single_family | 4 | 3 | 2,107 | $629,000 | 2026-02-03 |
| 1340 NW 133rd St | single_family | 4 | 2 | 1,365 | $530,000 | 2026-01-16 |
| 1739 NW 113th Ter | single_family | 4 | 2 | 1,126 | $145,000 | 2025-12-08 |
| 2303 NW 131st Cir | single_family | 4 | 2 | 1,983 | $596,700 | 2025-12-03 |
| 2316 NW 130th Ter | single_family | 4 | 2 | 1,983 | $581,000 | 2025-12-03 |
| 2364 NW 130th Ter | single_family | 4 | 2 | 1,983 | $580,700 | 2025-12-03 |
| 2340 NW 130th Ter | single_family | 4 | 2 | 1,983 | $581,000 | 2025-12-01 |
| 11010 NW 12th Ct | single_family | 4 | 2 | — | $580,000 | 2025-10-03 |
| 1201 NW 147th St | single_family | 4 | 4 | 1,897 | $520,000 | 2025-09-16 |
| 2100 NW 107th St | single_family | 4 | 2 | 2,579 | $768,000 | 2025-09-11 |
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 |
|---|---|---|---|---|---|---|
| 12621 NW 22nd Ct | single_family | 4 | 2 | 1,264 | $570,000 | — |
| 1341 NW 132nd St | single_family | 4 | 3 | 2,361 | $520,000 | — |
| 1325 NW 113th Ter | single_family | 4 | 2 | 1,308 | $589,900 | — |
| 12613 NW 23rd Pl | townhomes | 4 | 3 | 1,820 | $620,000 | — |
| 12001 NW 22nd Ave | single_family | 4 | 3 | 1,769 | $589,000 | — |
| 2409 NW 131st Cir | single_family | 4 | 3 | 2,107 | $525,000 | — |
| 2370 NW 131st Cir | single_family | 4 | 3 | 2,107 | $609,000 | — |
| 2427 NW 131st Cir | single_family | 4 | 3 | 1,983 | $586,900 | — |
10-year hold projection
IRR-0.2%
Equity multiple0.96x
Total return (10yr)$81,380
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $690,100 | $17,770 | -$25,838 | $530,189 | $159,911 |
| 2 | $710,803 | $18,423 | -$25,242 | $523,978 | $186,825 |
| 3 | $732,127 | $19,099 | -$24,624 | $517,341 | $214,786 |
| 4 | $754,091 | $19,799 | -$23,984 | $510,248 | $243,843 |
| 5 | $776,714 | $20,522 | -$23,322 | $502,669 | $274,045 |
| 6 | $800,015 | $21,271 | -$22,636 | $494,568 | $305,447 |
| 7 | $824,015 | $22,045 | -$21,926 | $485,912 | $338,104 |
| 8 | $848,736 | $22,846 | -$21,191 | $476,661 | $372,075 |
| 9 | $874,198 | $23,674 | -$20,430 | $466,774 | $407,424 |
| 10 | $900,424 | $24,531 | -$19,643 | $456,209 | $444,215 |
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.