525 NE 61st St
Miami, FL 33137 · townhomes · For Sale · 22 days on market
Asking price$999,000
3 beds 3 baths 2,345 sqft
Suggested offer$782,709$216,291 above the est. market value of $782,709.
View on Realtor.com →Listed by Ricky Kallabat · Keller Williams Capital Realty
Typetownhomes
Built2026
Price / sqft$426
Est. value (Zillow, adjusted)$782,709
Rent estimate (own analysis)$5,500/mo
HOA$690/mo
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Statusfor_sale
Listed date2026-08-11
Removed date—
MLSMiamiMLS #A12069452
Coordinates25.83283, -80.18566
Address525 NE 61st St
CityMiami
StateFL
Zip33137
Listing ID9728475418
Sourceus-real-estate-listings, cached 2026-08-30
ZIP market snapshot (33137)
Typical home value (ZHVI)$682,165
Typical rent (ZORI)$3,560/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 | $999,000 |
| Down payment (20.0%) | $199,800 |
| Loan amount | $799,200 |
| Closing costs (5.0%) | $49,950 |
| Total cash to close | $249,750 |
| Income | |
| Rent (comp-derived) | $5,500$66,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $5,060$60,720 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,582$18,981 |
| Insurance (placeholder 0.8% of price) | $666$7,992 |
| HOA dues | $690$8,280 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $275$3,300 |
| Total operating expenses | $3,213$38,553 |
| 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) | $275$3,300 |
| 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 | 3 | 3 | 1,567 | $5,500 | 2026-08-19 | — | |
| townhomes | 3 | 4 | 2,236 | $12,500 | 2026-08-14 | — | |
| townhomes | 3 | 4 | 2,236 | $11,500 | 2026-08-13 | — | |
| townhomes | 3 | 3 | 1,548 | $5,000 | 2026-08-03 | — | |
| townhomes | 3 | 3 | 1,580 | $3,450 | 2026-09-01 | — |
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 |
|---|---|---|---|---|---|---|
| 601 NE 27th St Unit 104 | townhomes | 3 | 3 | 1,870 | $1,410,000 | 2026-08-11 |
| 527 NE 61st St | townhomes | 3 | 3 | 2,345 | $1,020,000 | 2026-07-28 |
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 |
|---|---|---|---|---|---|---|
| 456 NE 29th St Unit 901 | condos | 3 | 4 | 2,304 | $2,300,000 | — |
| 2000 N Bayshore Dr Apt 702 | condos | 3 | 2 | 1,332 | $590,000 | — |
| 328 NE 57th St | single_family | 3 | 2 | 1,170 | $899,000 | — |
| 600 NE 27th St Ph 2 | condos | 3 | 5 | 2,572 | $2,550,000 | — |
| 700 NE 26th Ter Unit 2202 | condos | 3 | 4 | 2,141 | $2,740,000 | — |
| 46 NE 43rd St | single_family | 3 | 2 | 972 | $1,350,000 | — |
| 788 NE 23rd St Unit 2102 | condos | 3 | 5 | 2,743 | $2,950,000 | — |
| 601 NE 23rd St Apt 1103 | condos | 3 | 2 | 1,320 | $579,000 | — |
10-year hold projection
IRR-1.4%
Equity multiple0.77x
Total return (10yr)$73,431
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,028,970 | $22,167 | -$42,763 | $790,535 | $238,435 |
| 2 | $1,059,839 | $23,025 | -$41,988 | $781,275 | $278,564 |
| 3 | $1,091,634 | $23,913 | -$41,184 | $771,379 | $320,255 |
| 4 | $1,124,383 | $24,833 | -$40,351 | $760,803 | $363,580 |
| 5 | $1,158,115 | $25,786 | -$39,487 | $749,502 | $408,613 |
| 6 | $1,192,858 | $26,772 | -$38,592 | $737,424 | $455,435 |
| 7 | $1,228,644 | $27,793 | -$37,664 | $724,516 | $504,128 |
| 8 | $1,265,503 | $28,851 | -$36,703 | $710,723 | $554,781 |
| 9 | $1,303,468 | $29,945 | -$35,706 | $695,982 | $607,487 |
| 10 | $1,342,572 | $31,078 | -$34,673 | $680,229 | $662,344 |
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.