12613 NW 23rd Pl
Miami, FL 33167 · townhomes · For Sale · 22 days on market
Asking price$620,000
4 beds 3 baths 1,820 sqft
Suggested offer$548,293$71,707 above the est. market value of $548,293.
View on Realtor.com →Listed by Andres Barboza · Florida Realty Of Miami Corp
Typetownhomes
Built2023
Price / sqft$341
Est. value (own analysis)$548,293
Rent estimate (own analysis)$4,100/mo
HOA$300/mo
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Statusfor_sale
Listed date2026-08-11
Removed date—
MLSMiamiMLS #A12069130
Coordinates25.88981, -80.23842
Address12613 NW 23rd Pl
CityMiami
StateFL
Zip33167
Listing ID9579862172
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 | $620,000 |
| Down payment (20.0%) | $124,000 |
| Loan amount | $496,000 |
| Closing costs (5.0%) | $31,000 |
| Total cash to close | $155,000 |
| Income | |
| Rent (comp-derived) | $4,100$49,200 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,772$45,264 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $982$11,780 |
| Insurance (placeholder 0.8% of price) | $413$4,960 |
| HOA dues | $300$3,600 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $205$2,460 |
| Total operating expenses | $1,900$22,800 |
| 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) | $205$2,460 |
| 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 |
|---|---|---|---|---|---|---|---|
| townhomes | 4 | 3 | 1,820 | $4,100 | 2026-08-11 | — | |
| townhomes | 4 | 3 | 1,820 | $4,200 | 2026-06-22 | — | |
| townhomes | 4 | 3 | 1,882 | $3,800 | 2025-11-05 | — |
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 |
|---|---|---|---|---|---|---|
| 12306 NW 23rd Ct Unit 12306 | townhomes | 3 | 3 | 1,328 | $399,000 | 2026-08-24 |
| 12448 NW 23rd Ct | townhomes | 3 | 3 | 1,612 | $500,000 | 2026-07-31 |
| 12722 NW 23rd Pl | townhomes | 3 | 2 | 1,442 | $410,000 | 2026-07-16 |
| 2375 NW 122nd Ter | townhomes | 3 | 2 | 1,483 | $403,000 | 2026-04-10 |
| 12147 NW 23rd Ct | townhomes | 3 | 3 | 1,393 | $462,000 | 2026-04-03 |
| 12958 NW 23rd Pl | townhomes | 3 | 3 | 1,331 | $479,000 | 2026-03-02 |
| 12917 NW 23rd Pl | townhomes | 3 | 3 | 1,695 | $475,000 | 2026-02-18 |
| 2358 NW 125th St | townhomes | 3 | 3 | 1,612 | $480,000 | 2025-12-22 |
| 12693 NW 24th Ave | townhomes | 3 | 3 | 1,695 | $512,000 | 2025-12-19 |
| 12235 NW 23rd Path | townhomes | 3 | 3 | 1,328 | $466,200 | 2025-12-03 |
| 12231 NW 23rd Path | townhomes | 3 | 2 | 1,483 | $475,200 | 2025-12-03 |
| 12237 NW 23rd Path | townhomes | 3 | 3 | 1,328 | $486,200 | 2025-12-01 |
| 12705 NW 23rd Pl Unit 12705 | townhomes | 3 | 3 | 1,695 | $375,400 | 2025-10-30 |
| 12519 NW 24th Ave | townhomes | 3 | 3 | 1,695 | $480,000 | 2025-10-29 |
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 | — |
| 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 | — |
| 14411 NW 15th Dr | single_family | 4 | 2 | 1,715 | $599,000 | — |
10-year hold projection
IRR2.4%
Equity multiple1.38x
Total return (10yr)$140,477
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $638,600 | $22,464 | -$18,245 | $490,622 | $147,978 |
| 2 | $657,758 | $23,252 | -$17,519 | $484,875 | $172,883 |
| 3 | $677,491 | $24,066 | -$16,767 | $478,734 | $198,757 |
| 4 | $697,815 | $24,908 | -$15,990 | $472,170 | $225,645 |
| 5 | $718,750 | $25,778 | -$15,186 | $465,156 | $253,594 |
| 6 | $740,312 | $26,677 | -$14,355 | $457,660 | $282,652 |
| 7 | $762,522 | $27,607 | -$13,495 | $449,649 | $312,872 |
| 8 | $785,397 | $28,567 | -$12,606 | $441,089 | $344,309 |
| 9 | $808,959 | $29,559 | -$11,687 | $431,940 | $377,019 |
| 10 | $833,228 | $30,585 | -$10,736 | $422,163 | $411,065 |
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.