1170 71st St
Miami Beach, FL 33141 · multi_family · For Sale · 12 days on market
Asking price$1,299,000
6 beds 5 baths 3,759 sqft
Listed by Rachael Barach · RE MAX Preferred
Typemulti_family
Built1939
Price / sqft$346
Est. value (own analysis)$1,352,037
Rent estimate (building total, own analysis)$11,846/mo
HOANone
1 / 47
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Statusfor_sale
Listed date2026-08-21
Removed date—
MLSBeachesMLS #B26067032
Coordinates25.85442, -80.13094
Address1170 71st St
CityMiami Beach
StateFL
Zip33141
Listing ID9369729332
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33141)
Typical home value (ZHVI)$429,204
Typical rent (ZORI)$2,504/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 | $1,299,000 |
| Down payment (20.0%) | $259,800 |
| Loan amount | $1,039,200 |
| Closing costs (5.0%) | $64,950 |
| Total cash to close | $324,750 |
| Income | |
| Rent (estimate) | $11,846$142,147 |
| Vacancy loss (8.0%) | |
| Effective gross income | $10,898$130,775 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,057$24,681 |
| Insurance (placeholder 0.8% of price) | $866$10,392 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $592$7,107 |
| Total operating expenses | $3,515$42,180 |
| 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) | $592$7,107 |
| 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.
No active rental listings cached yet for this bedroom count.
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 |
|---|---|---|---|---|---|---|
| 630 79th St | multi_family | 6 | 4 | 4,306 | $1,200,000 | 2026-07-17 |
| 800 83rd St Apt 1 | multi_family | 6 | 6 | 3,428 | $1,300,000 | 2026-07-15 |
| 7885 Crespi Blvd | multi_family | 6 | 4 | 2,700 | $2,400,000 | 2026-07-14 |
| 8025 Crespi Blvd | multi_family | 6 | 6 | 4,704 | $1,600,000 | 2026-05-12 |
| 1657 N Treasure Dr Apt 4 | multi_family | 6 | 6 | 4,526 | $500,000 | 2026-04-08 |
| 7411 Carlyle Ave Apt 4 | multi_family | 6 | 6 | 2,961 | $1,499,000 | 2025-11-05 |
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 |
|---|---|---|---|---|---|---|
| 7845 Atlantic Way | single_family | 6 | 9 | 6,350 | $40,000,000 | — |
| 570 S Shore Dr | single_family | 6 | 8 | 5,043 | $9,335,000 | — |
| 7811 Carlyle Ave | single_family | 6 | 6 | 3,405 | $2,590,000 | — |
| 470 S Shore Dr | single_family | 6 | 7 | 4,922 | $8,800,000 | — |
| 2120 Biarritz Dr | multi_family | 6 | 5 | 3,492 | $1,700,000 | — |
| 1460 S Treasure Dr | single_family | 6 | 7 | 6,816 | $10,999,999 | — |
| 955 79th Ter | multi_family | 6 | 4 | 2,728 | $1,500,000 | — |
| 7610 Dickens Ave | multi_family | 6 | 4 | 3,655 | $1,600,000 | — |
10-year hold projection
IRR11.4%
Equity multiple2.78x
Total return (10yr)$747,069
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,337,970 | $88,595 | $1,349 | $1,027,933 | $310,037 |
| 2 | $1,378,109 | $91,464 | $4,041 | $1,015,892 | $362,217 |
| 3 | $1,419,452 | $94,424 | $6,818 | $1,003,024 | $416,428 |
| 4 | $1,462,036 | $97,478 | $9,686 | $989,272 | $472,764 |
| 5 | $1,505,897 | $100,630 | $12,646 | $974,577 | $531,320 |
| 6 | $1,551,074 | $103,881 | $15,702 | $958,872 | $592,202 |
| 7 | $1,597,606 | $107,236 | $18,856 | $942,088 | $655,518 |
| 8 | $1,645,534 | $110,698 | $22,111 | $924,152 | $721,382 |
| 9 | $1,694,900 | $114,270 | $25,472 | $904,984 | $789,916 |
| 10 | $1,745,747 | $117,955 | $28,940 | $884,500 | $861,247 |
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.