398 NE 5th St Apt 4412
Miami, FL 33132 · condos · For SaleForeclosure · 149 days on market
Asking price$517,000
0 beds 1 baths 341 sqft
Suggested offer$295,478$221,522 above the est. market value of $295,478.
View on Realtor.com →Listed by Carla Ruiz · Miami Masterpiece
Typecondos
Built2022
Price / sqft$1516
Est. value (own analysis)$295,478
Rent estimate (own analysis)$2,690/mo
HOA$474/mo
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Statusfor_sale
Listed date2026-04-07
Removed date—
MLSMiamiMLS #A11995616
Coordinates25.77899, -80.18900
Address398 NE 5th St Apt 4412
CityMiami
StateFL
Zip33132
Listing ID9649097953
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 | $517,000 |
| Down payment (20.0%) | $103,400 |
| Loan amount | $413,600 |
| Closing costs (5.0%) | $25,850 |
| Total cash to close | $129,250 |
| Income | |
| Rent (comp-derived) | $2,690$32,280 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,475$29,698 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $819$9,823 |
| Insurance (placeholder 0.8% of price) | $345$4,136 |
| HOA dues | $474$5,688 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $135$1,614 |
| Total operating expenses | $1,772$21,261 |
| 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) | $135$1,614 |
| 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 |
|---|---|---|---|---|---|---|---|
| apartment | 0 | 1 | 400 | $2,092 | 2026-08-20 | — | |
| apartment | 0 | 1 | 442 | $2,315 | 2024-04-12 | — | |
| apartment | 0 | 1 | 440 | $2,084 | 2024-06-11 | — | |
| apartment | 0 | 1 | 307 | $2,336 | 2026-02-15 | — | |
| apartment | 0 | 1 | 402 | $1,952 | 2025-12-05 | — | |
| condos | 0 | 1 | 336 | $2,500 | 2026-08-18 | — | |
| condos | 0 | 1 | 412 | $2,950 | 2026-08-16 | — | |
| condos | 0 | 1 | 401 | $3,695 | 2026-08-12 | — | |
| condos | 0 | 1 | 362 | $4,500 | 2026-08-11 | — | |
| condos | 0 | 1 | 450 | $2,500 | 2026-08-07 | — | |
| condos | 0 | 1 | 446 | $2,300 | 2026-07-25 | — | |
| condos | 0 | 1 | 367 | $3,700 | 2026-07-23 | — | |
| condos | 0 | 1 | 405 | $2,390 | 2026-07-23 | — | |
| condos | 0 | 1 | 405 | $2,385 | 2026-07-23 | — | |
| condos | 0 | 1 | 334 | $2,950 | 2026-07-22 | — | |
| condos | 0 | 1 | 401 | $2,800 | 2026-07-20 | — | |
| condos | 0 | 1 | 336 | $3,000 | 2026-07-16 | — | |
| condos | 0 | 1 | 275 | $3,000 | 2026-07-15 | — | |
| apartment | 0 | 1 | 442 | $2,745 | 2026-07-14 | — | |
| condos | 0 | 1 | 374 | $2,690 | 2026-07-10 | — | |
| condos | 0 | 1 | 400 | $2,350 | 2026-07-08 | — | |
| condos | 0 | 1 | 321 | $2,650 | 2026-07-08 | — | |
| condos | 0 | 1 | 344 | $2,500 | 2026-07-06 | — | |
| condos | 0 | 1 | 350 | $3,000 | 2026-07-06 | — | |
| condos | 0 | 1 | 367 | $3,500 | 2026-07-03 | — | |
| condos | 0 | 1 | 359 | $2,980 | 2026-07-02 | — | |
| condos | 0 | 1 | 380 | $2,150 | 2026-06-24 | — | |
| condos | 0 | 1 | 337 | $3,100 | 2026-06-24 | — | |
| condos | 0 | 1 | 374 | $3,000 | 2026-06-24 | — | |
| condos | 0 | 1 | 337 | $3,100 | 2026-06-23 | — | |
| condos | 0 | 1 | 375 | $2,900 | 2026-06-20 | — | |
| condos | 0 | 1 | 412 | $3,025 | 2026-06-19 | — | |
| apartment | 0 | 1 | 321 | $3,000 | 2026-06-17 | — | |
| condos | 0 | 1 | 337 | $3,000 | 2026-06-10 | — | |
| condos | 0 | 1 | 401 | $2,200 | 2026-05-27 | — | |
| condos | 0 | 1 | 345 | $2,900 | 2026-05-26 | — | |
| condos | 0 | 1 | 401 | $3,000 | 2026-05-26 | — | |
| condos | 0 | 1 | 336 | $4,000 | 2026-05-14 | — | |
| condos | 0 | 1 | 402 | $2,505 | 2026-05-11 | — | |
| condos | 0 | 1 | 402 | $2,380 | 2026-05-11 | — | |
| condos | 0 | 1 | 402 | $2,340 | 2026-05-11 | — | |
| condos | 0 | 1 | 409 | $2,800 | 2026-08-03 | — | |
| condos | 0 | 1 | 344 | $2,600 | 2026-08-01 | — | |
| condos | 0 | 1 | 380 | $2,000 | 2026-03-01 | — | |
| condos | 0 | 1 | 449 | $2,200 | 2026-08-22 | — | |
| condos | 0 | 1 | 443 | $2,500 | 2026-03-30 | — | |
| condos | 0 | 1 | 400 | $2,200 | 2026-02-18 | — | |
| condos | 0 | 1 | 341 | $2,650 | 2026-02-27 | — | |
| condos | 0 | 1 | 402 | $2,900 | 2026-04-08 | — | |
| condos | 0 | 1 | 367 | $3,000 | 2026-02-13 | — | |
| condos | 0 | 2 | 449 | $2,750 | 2022-05-30 | — | |
| condos | 0 | 1 | 275 | $2,800 | 2026-04-24 | — | |
| condos | 0 | 1 | 357 | $2,750 | 2026-04-22 | — | |
| condos | 0 | 1 | 367 | $4,000 | 2025-05-27 | — | |
| condos | 0 | 1 | 460 | $3,250 | 2026-04-14 | — | |
| condos | 0 | 1 | 362 | $3,290 | 2026-03-25 | — | |
| condos | 0 | 1 | 443 | $3,450 | 2026-03-11 | — | |
| condos | 0 | 1 | 341 | $3,800 | 2025-10-09 | — | |
| condos | 0 | 1 | 275 | $3,500 | 2026-03-26 | — | |
| condos | 0 | 1 | 367 | $4,000 | 2025-05-26 | — | |
| condos | 0 | 1 | 436 | $2,300 | 2026-08-28 | — | |
| condos | 0 | 1 | 374 | $2,800 | 2026-08-28 | — | |
| condos | 0 | 1 | 401 | $2,800 | 2026-08-28 | — | |
| condos | 0 | 1 | 401 | $2,100 | 2026-08-25 | — | |
| condos | 0 | 1 | 405 | $2,100 | 2026-08-25 | — | |
| apartment | 0 | 1 | 450 | $2,235 | — | — | |
| apartment | 0 | 1 | 450 | $2,620 | — | — | |
| apartment | 0 | 1 | 450 | $2,695 | — | — | |
| apartment | 0 | 1 | 307 | $2,456 | — | — | |
| apartment | 0 | 1 | 307 | $2,436 | — | — | |
| apartment | 0 | 1 | 307 | $2,456 | — | — | |
| apartment | 0 | 1 | 450 | $2,610 | — | — | |
| apartment | 0 | 1 | 450 | $2,685 | — | — | |
| apartment | 0 | 1 | 450 | $2,670 | — | — | |
| apartment | 0 | 1 | 354 | $2,490 | — | — | |
| apartment | 0 | 1 | 450 | $2,620 | — | — | |
| apartment | 0 | 1 | 442 | $2,745 | — | — | |
| apartment | 0 | 1 | 410 | $1,985 | 2026-03-16 | — | |
| condos | 0 | 1 | 400 | $2,150 | 2026-09-01 | — | |
| condos | 0 | 1 | 350 | $2,600 | 2026-09-01 | — | |
| condos | 0 | 1 | 362 | $4,200 | 2025-10-06 | — |
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 |
|---|---|---|---|---|---|---|
| 398 NE 5th St Apt 4207 | condos | 0 | 1 | 442 | $540,000 | 2026-08-24 |
| 20 NE 11th St Apt 4807B | condos | 0 | 1 | — | $420,000 | 2026-08-17 |
| 253 NE 2nd St Apt 3105 | condos | 0 | 1 | 632 | $325,000 | 2026-08-17 |
| 1750 N Bayshore Dr Apt 5408 | condos | 0 | 1 | 503 | $255,000 | 2026-07-23 |
| 20 NE 11th St Unit 2503B | condos | 0 | 1 | 336 | $450,000 | 2026-07-20 |
| 253 NE 2nd St Apt 220 | condos | 0 | 1 | 560 | $255,000 | 2026-07-17 |
| 50 Biscayne Blvd Apt 711 | condos | 0 | 1 | 501 | $316,500 | 2026-07-15 |
| 227 NE 2nd St Apt 2911 | condos | 0 | 1 | 446 | $335,000 | 2026-07-13 |
| 227 NE 2nd St Apt 2412 | condos | 0 | 1 | 446 | $350,000 | 2026-07-10 |
| 1600 NE 1st Ave Apt 3302 | condos | 0 | 1 | — | $360,000 | 2026-07-10 |
| 11 NE 6th St Unit 902 | condos | 0 | 1 | 350 | $405,000 | 2026-06-18 |
| 851 NE 1st Ave Unit CABANA15 | condos | 0 | 1 | — | $200,000 | 2026-06-02 |
| 253 NE 2nd St Apt 324 | condos | 0 | 1 | 506 | $222,500 | 2026-05-22 |
| 20 NE 11th St Unit 2606B | condos | 0 | 1 | 275 | $450,000 | 2026-05-08 |
| 398 NE 5th St Apt 2316 | condos | 0 | 1 | 362 | $420,000 | 2026-05-07 |
| 227 NE 2nd St Apt 2908 | condos | 0 | 1 | 393 | $365,000 | 2026-04-17 |
| 227 NE 2nd St Apt 2112 | condos | 0 | 1 | 412 | $357,000 | 2026-04-17 |
| 398 NE 5th St Apt 4616 | condos | 0 | 1 | 362 | $415,000 | 2026-04-15 |
| 244 Biscayne Blvd Apt 348 | condos | 0 | 1 | 501 | $250,000 | 2026-04-02 |
| 253 NE 2nd St Apt 318 | condos | 0 | 1 | 506 | $230,000 | 2026-02-20 |
| 1750 N Bayshore Dr Apt 2808 | condos | 0 | 1 | 503 | $230,000 | 2026-02-10 |
| 398 NE 5th St Apt 1906 | condos | 0 | 1 | 443 | $475,000 | 2026-01-28 |
| 398 NE 5th St Apt 2016 | condos | 0 | 1 | 362 | $365,000 | 2026-01-27 |
| 227 NE 2nd St Apt 2512 | condos | 0 | 1 | 412 | $365,000 | 2025-12-15 |
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 |
|---|---|---|---|---|---|---|
| 20 NE 11 St Unit 3403B | condos | 0 | 1 | 305 | $449,000 | — |
| 121 NE 5th St Apt 709 | condos | 0 | 1 | 402 | $390,000 | — |
| 20 NE 11th St Apt 2805 | condos | 0 | 1 | — | $650,000 | — |
| 11 NE 6th St Unit 2606 | condos | 0 | 1 | 350 | $374,999 | — |
| 159 NE 6th St Unit 1920 | condos | 0 | 1 | 332 | $349,000 | — |
| 1600 NE 1st Ave Apt 1102 | condos | 0 | 1 | 580 | $370,000 | — |
| 159 NE 6th St Unit 3506 | condos | 0 | 1 | 374 | $429,000 | — |
| 20 NE 11th St Apt 3003 | condos | 0 | 1 | 336 | $558,000 | — |
10-year hold projection
IRR-2.9%
Equity multiple0.51x
Total return (10yr)$4,598
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $532,510 | $8,437 | -$25,072 | $409,116 | $123,394 |
| 2 | $548,485 | $8,796 | -$24,753 | $404,323 | $144,162 |
| 3 | $564,940 | $9,169 | -$24,422 | $399,202 | $165,738 |
| 4 | $581,888 | $9,556 | -$24,077 | $393,729 | $188,159 |
| 5 | $599,345 | $9,957 | -$23,720 | $387,880 | $211,464 |
| 6 | $617,325 | $10,373 | -$23,348 | $381,630 | $235,695 |
| 7 | $635,845 | $10,804 | -$22,962 | $374,950 | $260,895 |
| 8 | $654,920 | $11,252 | -$22,562 | $367,812 | $287,108 |
| 9 | $674,568 | $11,716 | -$22,146 | $360,183 | $314,385 |
| 10 | $694,805 | $12,197 | -$21,714 | $352,031 | $342,774 |
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.