321 NW 56th Ave
Miami, FL 33126 · single_family · For Sale · 61 days on market
Asking price$800,000
4 beds 3 baths 1,345 sqft
Suggested offer$761,400$38,600 above the est. market value of $761,400.
View on Realtor.com →Listed by Malgorzata Sadowska · Keller Williams Capital Realty
Typesingle_family
Built—
Price / sqft$595
Est. value (Realtor.com)$761,400
Rent estimate (own analysis)$3,800/mo
HOANone
1 / 41
Show every detail
Statusfor_sale
Listed date2026-07-04
Removed date—
MLSMiamiMLS #A12035229
Coordinates25.77509, -80.28645
Address321 NW 56th Ave
CityMiami
StateFL
Zip33126
Listing ID9667868731
Sourcerealtor, cached 2026-08-21
ZIP market snapshot (33126)
Typical home value (ZHVI)$303,717
Typical rent (ZORI)$2,370/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 | $800,000 |
| Down payment (20.0%) | $160,000 |
| Loan amount | $640,000 |
| Closing costs (5.0%) | $40,000 |
| Total cash to close | $200,000 |
| Income | |
| Rent (comp-derived) | $3,800$45,600 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,496$41,952 |
| Operating expenses | |
| Property tax (real MLS tax bill, from Realtor Search) | $723$8,674 |
| Insurance (placeholder 0.8% of price) | $533$6,400 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $190$2,280 |
| Total operating expenses | $1,446$17,354 |
| 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) | $190$2,280 |
| 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 |
|---|---|---|---|---|---|---|---|
| single_family | 4 | 3 | 1,812 | $4,000 | 2026-07-18 | — | |
| single_family | 4 | 3 | 1,585 | $3,800 | 2026-06-12 | — | |
| single_family | 4 | 2 | 1,330 | $3,200 | — | — |
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 |
|---|---|---|---|---|---|---|
| 250 NW 40th Ave | single_family | 4 | 2 | 1,365 | $715,000 | 2026-08-13 |
| 221 NW 85th Pl | single_family | 4 | 3 | 1,585 | $620,000 | 2026-06-24 |
| 821 NW 40th Ave | single_family | 4 | 3 | 2,250 | $730,000 | 2026-06-02 |
| 560 NW 57th Ct | single_family | 4 | 2 | 1,706 | $550,000 | 2026-05-06 |
| 6300 NW 2nd St | single_family | 4 | 3 | 1,873 | $750,000 | 2026-05-05 |
| 6031 NW 5th St | single_family | 4 | 2 | 1,386 | $577,000 | 2026-03-05 |
| 202 NW 60th Ave | single_family | 4 | 2 | 1,620 | $640,000 | 2026-02-24 |
| 111 NW 39th Ave | single_family | 4 | 2 | 1,383 | $650,000 | 2026-02-09 |
| 6341 Tamiami Canal Rd | single_family | 4 | 2 | 1,840 | $671,500 | 2026-01-30 |
| 3720 NW 2nd Ter | single_family | 4 | 3 | 1,134 | $589,900 | 2026-01-06 |
| 550 NW 58th Ct | single_family | 4 | 2 | 1,798 | $922,000 | 2025-12-09 |
| 7330 NW 6th St | single_family | 4 | 3 | 1,790 | $690,000 | 2025-10-15 |
| 7325 NW 3rd St | single_family | 4 | 2 | 1,338 | $575,000 | 2025-09-25 |
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 |
|---|---|---|---|---|---|---|
| 30 NW 56th Ct | multi_family | 4 | 2 | 1,450 | $725,000 | — |
| 7239 NW Third St | multi_family | 4 | 3 | 1,480 | $770,000 | — |
| 6100 NW 2nd St | single_family | 4 | 3 | 1,836 | $850,000 | — |
| 6060 NW 7th St | single_family | 4 | 2 | 1,168 | $475,000 | — |
| 4074 NW 4th St | single_family | 4 | 3 | 1,506 | $644,000 | — |
| 4518 NW 4th St | townhomes | 4 | 4 | 3,180 | $770,000 | — |
| 8408 NW 8th St Unit 8408 | townhomes | 4 | 3 | 1,794 | $610,000 | — |
| 5181 NW 5th St | multi_family | 4 | 2 | 1,806 | $730,999 | — |
10-year hold projection
IRR1.0%
Equity multiple1.17x
Total return (10yr)$137,834
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $824,000 | $24,598 | -$27,036 | $633,061 | $190,939 |
| 2 | $848,720 | $25,423 | -$26,268 | $625,646 | $223,074 |
| 3 | $874,182 | $26,274 | -$25,475 | $617,721 | $256,461 |
| 4 | $900,407 | $27,154 | -$24,655 | $609,252 | $291,155 |
| 5 | $927,419 | $28,062 | -$23,809 | $600,201 | $327,218 |
| 6 | $955,242 | $28,999 | -$22,934 | $590,529 | $364,713 |
| 7 | $983,899 | $29,968 | -$22,030 | $580,193 | $403,706 |
| 8 | $1,013,416 | $30,967 | -$21,097 | $569,147 | $444,269 |
| 9 | $1,043,819 | $31,999 | -$20,132 | $557,343 | $486,476 |
| 10 | $1,075,133 | $33,065 | -$19,136 | $544,727 | $530,406 |
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.