159 NE 6th St Unit 2816
Miami, FL 33132 · condos · For Sale · 306 days on market
Asking price$1,189,000
3 beds 3 baths 1,230 sqft
Suggested offer$803,518$385,482 above the est. market value of $803,518.
View on Realtor.com →Listed by Carlos Fernandez · Douglas Elliman - Coconut Grove
Typecondos
Built2024
Price / sqft$967
Est. value (own analysis)$803,518
Rent estimate (own analysis)$6,165/mo
HOA$2,300/mo
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Statusfor_sale
Listed date2025-10-31
Removed date—
MLSMiamiMLS #A11905314
Coordinates25.78017, -80.19107
Address159 NE 6th St Unit 2816
CityMiami
StateFL
Zip33132
Listing ID9504332197
Sourceus-real-estate-listings, cached 2026-08-29
ZIP market snapshot (33132)
Typical home value (ZHVI)$514,716
Typical rent (ZORI)$3,468/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 | $1,189,000 |
| Down payment (20.0%) | $237,800 |
| Loan amount | $951,200 |
| Closing costs (5.0%) | $59,450 |
| Total cash to close | $297,250 |
| Income | |
| Rent (comp-derived) | $6,165$73,980 |
| Vacancy loss (8.0%) | |
| Effective gross income | $5,672$68,062 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,883$22,591 |
| Insurance (placeholder 0.8% of price) | $793$9,512 |
| HOA dues | $2,300$27,600 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $308$3,699 |
| Total operating expenses | $5,284$63,402 |
| 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) | $308$3,699 |
| 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 |
|---|---|---|---|---|---|---|---|
| condos | 3 | 2 | 1,041 | $4,500 | 2026-08-21 | — | |
| condos | 3 | 3 | 1,043 | $7,000 | 2026-08-20 | — | |
| condos | 3 | 2 | 1,515 | $5,500 | 2026-08-14 | — | |
| condos | 3 | 3 | 1,494 | $5,900 | 2026-07-22 | — | |
| apartment | 3 | 3 | 1,359 | $5,230 | 2026-07-14 | — | |
| condos | 3 | 4 | 1,592 | $9,500 | 2026-07-13 | — | |
| condos | 3 | 2 | 1,602 | $5,800 | 2026-07-13 | — | |
| condos | 3 | 3 | 1,127 | $7,999 | 2026-07-01 | — | |
| condos | 3 | 3 | 1,150 | $7,500 | 2026-06-19 | — | |
| condos | 3 | 4 | 1,592 | $7,500 | 2026-06-02 | — | |
| condos | 3 | 3 | 1,547 | $8,000 | 2026-05-31 | — | |
| condos | 3 | 2 | 1,322 | $4,600 | 2026-05-15 | — | |
| condos | 3 | 3 | 1,135 | $7,500 | 2026-03-18 | — | |
| condos | 3 | 3 | 1,633 | $9,000 | 2024-11-20 | — | |
| condos | 3 | 3 | 1,498 | $8,500 | 2026-04-13 | — | |
| condos | 3 | 3 | 1,040 | $6,980 | 2025-12-19 | — | |
| condos | 3 | 3 | 1,135 | $8,650 | 2025-07-06 | — | |
| apartment | 3 | 3 | 1,150 | $9,500 | 2026-03-05 | — | |
| condos | 3 | 2 | 1,038 | $5,200 | — | — | |
| condos | 3 | 2 | 1,496 | $5,200 | 2026-03-24 | — | |
| condos | 3 | 3 | 1,246 | $9,000 | 2025-05-27 | — | |
| apartment | 3 | 3 | 1,359 | $5,240 | — | — | |
| apartment | 3 | 3 | 1,590 | $5,500 | — | — | |
| apartment | 3 | 3 | 1,359 | $5,245 | — | — | |
| apartment | 3 | 2 | 1,272 | $5,640 | — | — | |
| apartment | 3 | 2 | 1,272 | $6,165 | — | — | |
| apartment | 3 | 3 | 1,359 | $5,230 | — | — | |
| apartment | 3 | 2 | 1,272 | $6,000 | — | — | |
| condos | 3 | 3 | 1,127 | $7,999 | — | — |
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 |
|---|---|---|---|---|---|---|
| 1800 N Bayshore Dr Apt 1901 | condos | 3 | 3 | 2,189 | $1,420,000 | 2026-08-17 |
| 488 NE 18th St Unit 5012 | condos | 3 | 4 | 2,365 | $2,575,000 | 2026-08-14 |
| 398 NE 5th St Apt 4518 | condos | 3 | 3 | 1,135 | $1,050,000 | 2026-08-14 |
| 851 NE 1st Ave Unit 1412 | condos | 3 | 4 | 2,165 | $1,290,000 | 2026-08-05 |
| 601 NE 1 St Unit 2716 | condos | 3 | 3 | 1,633 | $1,175,000 | 2026-07-24 |
| 50 Biscayne Blvd Apt 3510 | condos | 3 | 2 | 1,789 | $1,025,000 | 2026-07-17 |
| 1717 N Bayshore Dr Unit A2451 | condos | 3 | 3 | 1,840 | $705,000 | 2026-07-10 |
| 900 Biscayne Blvd Apt 3709 | condos | 3 | 3 | 1,579 | $1,175,000 | 2026-06-30 |
| 50 Biscayne Blvd Apt 3702 | condos | 3 | 2 | 1,789 | $1,020,000 | 2026-06-12 |
| 851 NE 1st Ave Unit 3401 | condos | 3 | 4 | 2,204 | $1,475,000 | 2026-06-12 |
| 1900 N Bayshore Dr Apt 2512 | condos | 3 | 3 | 1,494 | $830,000 | 2026-05-28 |
| 601 NE 1st Ave Unit 3316 | condos | 3 | 3 | — | $1,100,000 | 2026-05-27 |
| 50 Biscayne Blvd Apt 1902 | condos | 3 | 2 | 1,789 | $1,035,000 | 2026-04-30 |
| 275 NE 18th St Apt 1207 | condos | 3 | 2 | 1,318 | $605,000 | 2026-04-29 |
| 1800 N Bayshore Dr Apt 1801 | condos | 3 | 3 | 2,189 | $1,400,000 | 2026-04-16 |
| 851 NE 1st Ave Unit 1611 | condos | 3 | 4 | 2,188 | $1,350,000 | 2026-03-16 |
| 900 Biscayne Blvd Apt 3902 | condos | 3 | 3 | 1,575 | $1,150,000 | 2026-03-09 |
| 1900 N Bayshore Dr Apt 4902 | condos | 3 | 4 | 1,970 | $1,342,000 | 2026-03-09 |
| 900 Biscayne Blvd Apt 2106 | condos | 3 | 4 | 2,145 | $1,800,000 | 2026-03-09 |
| 900 Biscayne Blvd Apt 1707 | condos | 3 | 3 | 1,630 | $1,420,000 | 2026-03-06 |
| 50 Biscayne Blvd Apt 3102 | condos | 3 | 2 | 1,789 | $1,030,000 | 2026-02-27 |
| 488 NE 18th St Unit 4612 | condos | 3 | 4 | 2,018 | $2,225,000 | 2026-02-20 |
| 488 NE 18th St Unit 2010 | condos | 3 | 4 | 1,592 | $1,040,000 | 2026-02-18 |
| 488 NE 18th St Unit 3912 | condos | 3 | 4 | 2,018 | $2,300,000 | 2026-01-27 |
| 1717 N Bayshore Dr Unit A2751 | condos | 3 | 3 | 1,840 | $690,000 | 2026-01-06 |
| 1800 N Bayshore Dr Apt 2201 | condos | 3 | 3 | 2,189 | $1,475,000 | 2025-12-23 |
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 |
|---|---|---|---|---|---|---|
| 851 NE 1st Ave Unit 3711 | condos | 3 | 4 | 2,188 | $1,675,000 | — |
| 398 NE 5th St Apt 4701 | condos | 3 | 3 | 1,150 | $1,650,000 | — |
| 1400 Biscayne Blvd Unit 3501 | condos | 3 | 4 | 1,953 | $2,650,000 | — |
| 175 NE 10 Street | condo | 3 | 2 | 1,531 | $1,984,000 | — |
| 1400 Biscayne Blvd Unit 3201 | condos | 3 | 4 | 1,953 | $2,725,000 | — |
| 398 NE 5th St Apt 2118 | condos | 3 | 3 | 1,135 | $1,225,000 | — |
| 1717 N Bayshore Dr Unit A1951 | condos | 3 | 3 | 1,840 | $975,000 | — |
| 159 NE 6th St Unit 2415 | condos | 3 | 3 | 1,373 | $1,225,000 | — |
10-year hold projection
IRR-6.2%
Equity multiple-0.04x
Total return (10yr)-$154,512
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,224,670 | $4,660 | -$72,391 | $940,887 | $283,783 |
| 2 | $1,261,410 | $5,116 | -$72,027 | $929,865 | $331,545 |
| 3 | $1,299,252 | $5,595 | -$71,643 | $918,087 | $381,165 |
| 4 | $1,338,230 | $6,096 | -$71,240 | $905,500 | $432,730 |
| 5 | $1,378,377 | $6,620 | -$70,815 | $892,049 | $486,328 |
| 6 | $1,419,728 | $7,169 | -$70,369 | $877,674 | $542,055 |
| 7 | $1,462,320 | $7,742 | -$69,900 | $862,311 | $600,009 |
| 8 | $1,506,190 | $8,342 | -$69,407 | $845,894 | $660,295 |
| 9 | $1,551,375 | $8,969 | -$68,890 | $828,350 | $723,026 |
| 10 | $1,597,917 | $9,625 | -$68,347 | $809,600 | $788,316 |
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.