542 N Miami Ave Unit 6403
Miami, FL 33136 · condos · For Sale · 1399 days on market
Asking price$2,680,000
3 beds 3 baths 2,070 sqft
Suggested offer$678,689$2,001,311 above the est. market value of $678,689.
View on Realtor.com →Listed by Johnny Mansilla · Nest Seekers International, Midtown
Typecondos
Built—
Price / sqft$1295
Est. value (own analysis)$678,689
Rent estimate (own analysis)$5,453/mo
HOANone
1 / 12
Show every detail
Statusfor_sale
Listed date2022-11-03
Removed date—
MLSNestSeekers #2546982
Coordinates25.77976, -80.19407
Address542 N Miami Ave Unit 6403
CityMiami
StateFL
Zip33136
Listing ID9578045297
Sourceus-real-estate-listings, cached 2026-08-30
ZIP market snapshot (33136)
Typical home value (ZHVI)$317,970
Typical rent (ZORI)$2,599/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 | $2,680,000 |
| Down payment (20.0%) | $536,000 |
| Loan amount | $2,144,000 |
| Closing costs (5.0%) | $134,000 |
| Total cash to close | $670,000 |
| Income | |
| Rent (comp-derived) | $5,453$65,430 |
| Vacancy loss (8.0%) | |
| Effective gross income | $5,016$60,196 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $4,243$50,920 |
| Insurance (placeholder 0.8% of price) | $1,787$21,440 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $273$3,272 |
| Total operating expenses | $6,303$75,632 |
| 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) | $273$3,272 |
| 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 | 4 | 2,157 | $6,750 | 2026-04-13 | — | |
| apartment | 3 | 3 | 1,429 | $5,455 | — | — | |
| apartment | 3 | 3 | 1,429 | $5,450 | — | — | |
| apartment | 3 | 3 | 1,429 | $5,425 | — | — |
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 |
|---|---|---|---|---|---|---|
| 483 NW 19th St Unit 362 | condos | 2 | 1 | 782 | $218,000 | 2026-08-26 |
| 816 NW 11th St Apt 801 | condos | 2 | 2 | 1,067 | $335,000 | 2026-08-17 |
| 816 NW 11th St Apt 806 | condos | 2 | 2 | 891 | $301,000 | 2026-07-30 |
| 850 N Miami Ave Unit W2003 | condos | 2 | 2 | 914 | $320,000 | 2026-07-21 |
| 850 N Miami Ave Unit W1903 | condos | 2 | 2 | 914 | $300,000 | 2026-07-14 |
| 850 N Miami Ave Unit W605 | condos | 1 | 1 | 689 | $235,000 | 2026-06-22 |
| 201 NW 7th St Apt 307 | condos | 2 | 2 | 1,037 | $350,000 | 2026-06-15 |
| 201 NW 7th St Apt 103 | condos | 2 | 2 | 1,037 | $340,000 | 2026-06-08 |
| 850 N Miami Ave Unit W609 | condos | 2 | 2 | 914 | $280,000 | 2026-05-14 |
| 850 N Miami Ave Apt 703 | condos | 2 | 2 | 914 | $272,000 | 2026-04-16 |
| 850 N Miami Ave Unit W1503 | condos | 2 | 2 | 914 | $295,000 | 2026-03-19 |
| 1350 NW 8th Ct Unit A1-6 | condos | 1 | 1 | 743 | $210,000 | 2026-03-02 |
| 850 N Miami Ave Unit W1804 | condos | 2 | 2 | 914 | $305,000 | 2026-02-18 |
| 816 NW 11th St Apt 505 | condos | 2 | 2 | 882 | $270,000 | 2025-10-06 |
| 1010 NW 11th St Apt 601 | condos | 2 | 2 | 918 | $320,000 | 2025-09-28 |
| 816 NW 11th St Apt 405 | condos | 2 | 2 | 882 | $270,000 | 2025-09-19 |
| 800 N Miami Ave Unit E809 | condos | 2 | 2 | 914 | $313,000 | 2025-09-08 |
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 |
|---|---|---|---|---|---|---|
| 902 NW 10th Ct | single_family | 3 | 2 | 1,659 | $1,000,000 | — |
| 1999 NW 5th Pl Apt 2 | condos | 3 | 1 | 1,027 | $285,000 | — |
| 1090N NW North River Dr Unit 404 | condos | 3 | 4 | 2,394 | $1,950,000 | — |
| 1541 NW 1st Ct | single_family | 3 | 2 | 1,480 | $1,000,000 | — |
| 542 N Miami Ave Unit 6604 | condos | 3 | 3 | 2,005 | — | — |
| 1990 NW 4th Ct Apt 7 | condos | 3 | 2 | 1,026 | $305,000 | — |
10-year hold projection
IRR-8.4%
Equity multiple-0.43x
Total return (10yr)-$606,396
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $2,760,400 | -$15,436 | -$184,042 | $2,120,754 | $639,646 |
| 2 | $2,843,212 | -$15,521 | -$184,209 | $2,095,912 | $747,300 |
| 3 | $2,928,508 | -$15,599 | -$184,371 | $2,069,364 | $859,144 |
| 4 | $3,016,364 | -$15,669 | -$184,528 | $2,040,993 | $975,370 |
| 5 | $3,106,855 | -$15,732 | -$184,679 | $2,010,674 | $1,096,180 |
| 6 | $3,200,060 | -$15,787 | -$184,823 | $1,978,273 | $1,221,787 |
| 7 | $3,296,062 | -$15,833 | -$184,962 | $1,943,646 | $1,352,416 |
| 8 | $3,394,944 | -$15,869 | -$185,093 | $1,906,642 | $1,488,302 |
| 9 | $3,496,792 | -$15,896 | -$185,217 | $1,867,097 | $1,629,695 |
| 10 | $3,601,696 | -$15,912 | -$185,332 | $1,824,836 | $1,776,860 |
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.