420 NE 62nd St Unit B
Miami, FL 33138 · condos · For Sale · 41 days on market
Asking price$1,850,000
4 beds 5 baths 2,786 sqft
Suggested offer$811,896$1,038,104 above the est. market value of $811,896.
View on Realtor.com →Listed by Christina Fernandez · Acc Realty, Inc.
Typecondos
Built2026
Price / sqft$664
Est. value (own analysis)$811,896
Rent estimate (own analysis)$13,000/mo
HOANone
1 / 29
Show every detail
Statusfor_sale
Listed date2026-07-23
Removed date—
MLSMiamiMLS #A12058689
Coordinates25.83310, -80.18703
Address420 NE 62nd St Unit B
CityMiami
StateFL
Zip33138
Listing ID9806298426
Sourceus-real-estate-listings, cached 2026-08-30
ZIP market snapshot (33138)
Typical home value (ZHVI)$806,988
Typical rent (ZORI)$2,367/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 | $1,850,000 |
| Down payment (20.0%) | $370,000 |
| Loan amount | $1,480,000 |
| Closing costs (5.0%) | $92,500 |
| Total cash to close | $462,500 |
| Income | |
| Rent (comp-derived) | $13,000$156,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $11,960$143,520 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,929$35,150 |
| Insurance (placeholder 0.8% of price) | $1,233$14,800 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $650$7,800 |
| Total operating expenses | $4,813$57,750 |
| 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) | $650$7,800 |
| 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
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| apartment | 4 | 2 | 2,880 | $3,600 | 2026-08-20 | — | |
| apartment | 4 | 2 | 2,816 | $3,200 | 2026-08-17 | — | |
| condos | 4 | 4 | 2,391 | $24,000 | 2026-08-17 | — | |
| condos | 4 | 6 | 2,582 | $18,000 | 2026-08-14 | — | |
| condos | 4 | 5 | 2,743 | $22,500 | 2026-08-14 | — | |
| condos | 4 | 6 | 2,216 | $15,900 | 2026-08-14 | — | |
| condos | 4 | 4 | 2,007 | $12,750 | 2026-08-13 | — | |
| apartment | 4 | 3 | 2,290 | $4,150 | 2026-08-13 | — | |
| condos | 4 | 4 | 1,841 | $11,000 | 2026-08-12 | — | |
| condos | 4 | 5 | 1,871 | $11,500 | 2026-08-11 | — | |
| condos | 4 | 4 | 3,059 | $13,000 | 2026-08-10 | — | |
| condos | 4 | 6 | 2,694 | $45,000 | 2026-08-10 | — | |
| condos | 4 | 6 | 2,686 | $22,000 | 2026-08-07 | — | |
| condos | 4 | 3 | 2,646 | $10,000 | 2026-07-20 | — | |
| condos | 4 | 5 | 2,232 | $12,000 | 2026-07-17 | — | |
| condos | 4 | 6 | 3,189 | $26,800 | 2026-07-16 | — | |
| apartment | 4 | 4 | 2,204 | $10,250 | 2026-07-14 | — | |
| apartment | 4 | 3 | 3,679 | $4,200 | 2026-07-14 | — | |
| condos | 4 | 4 | 2,365 | $13,800 | 2026-07-10 | — | |
| apartment | 4 | 4 | 2,190 | $5,500 | 2026-07-09 | — | |
| condos | 4 | 6 | 3,536 | $34,000 | 2026-07-09 | — | |
| condos | 4 | 6 | 2,663 | $17,500 | 2026-07-09 | — | |
| condos | 4 | 5 | 2,586 | $23,500 | 2026-07-07 | — | |
| condos | 4 | 5 | 2,754 | $13,500 | 2026-07-03 | — | |
| apartment | 4 | 2 | 2,100 | $3,000 | 2026-07-02 | — | |
| apartment | 4 | 2 | 2,592 | $2,675 | 2026-06-23 | — | |
| apartment | 4 | 1 | 2,264 | $2,800 | 2026-06-23 | — | |
| condos | 4 | 4 | 2,558 | $45,000 | 2026-06-11 | — | |
| condos | 4 | 4 | 2,201 | $11,500 | 2026-06-09 | — | |
| condos | 4 | 6 | 3,601 | $45,000 | 2026-06-03 | — | |
| apartment | 4 | 2 | 2,252 | $3,295 | 2026-06-03 | — | |
| condos | 4 | 5 | 2,368 | $25,500 | 2026-05-20 | — | |
| condos | 4 | 6 | 3,536 | $25,000 | 2026-05-18 | — | |
| apartment | 4 | 2 | 1,886 | $6,300 | 2026-05-13 | — | |
| condos | 4 | 5 | 3,657 | $32,000 | 2026-05-07 | — | |
| apartment | 4 | 3 | 2,124 | $5,300 | 2026-05-04 | — | |
| condos | 4 | 3 | 2,133 | $7,965 | 2026-04-30 | — | |
| condos | 4 | 5 | 2,324 | $12,950 | 2026-04-29 | — | |
| apartment | 4 | 3 | 2,120 | $3,400 | 2026-08-03 | — | |
| apartment | 4 | 3 | 3,456 | $4,100 | 2026-08-01 | — | |
| apartment | 4 | 2 | 2,027 | $3,600 | 2026-07-29 | — | |
| condos | 4 | 5 | 3,312 | $22,000 | 2026-07-28 | — | |
| condos | 4 | 5 | 2,845 | $19,500 | 2026-08-23 | — | |
| condos | 4 | 5 | 1,871 | $11,000 | 2026-08-25 | — | |
| condos | 4 | 6 | 2,582 | $14,000 | 2026-08-25 | — | |
| condos | 4 | 5 | 2,024 | $8,500 | 2026-07-30 | — | |
| condos | 4 | 6 | 2,663 | $19,500 | 2026-04-11 | — | |
| condos | 4 | 6 | 3,536 | $23,000 | 2026-03-26 | — | |
| condos | 4 | 4 | 1,977 | $18,000 | 2026-01-27 | — | |
| condos | 4 | 6 | 2,530 | $29,995 | 2026-01-16 | — | |
| condos | 4 | 5 | 3,135 | $25,000 | 2026-03-04 | — | |
| condos | 4 | 5 | 3,415 | $20,000 | 2026-02-25 | — | |
| condos | 4 | 4 | 3,179 | $12,000 | 2026-03-17 | — |
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 |
|---|---|---|---|---|---|---|
| 1200 NE 105th St Apt 27 | condos | 2 | 2 | 960 | $350,000 | 2026-08-27 |
| 1000 Quayside Ter Apt 1608 | condos | 1 | 2 | 1,200 | $250,000 | 2026-08-24 |
| 770 NE 69th St Apt 6D | condos | 1 | 2 | 1,042 | $380,000 | 2026-08-21 |
| 8925 NE 4 Avenue Rd Unit 8925 | condos | 2 | 2 | 954 | $250,000 | 2026-08-18 |
| 4000 Towerside Ter Apt 2005 | condos | 2 | 2 | 1,456 | $345,000 | 2026-08-13 |
| 1700 NE 105th St Apt 505 | condos | 1 | 2 | 891 | $230,000 | 2026-08-13 |
| 9011 NE 4th Avenue Rd Unit 9011 | condos | 3 | 3 | 952 | $360,000 | 2026-07-31 |
| 7751 NE Bayshore Ct Apt 7B | condos | 2 | 2 | 1,203 | $385,000 | 2026-07-30 |
| 780 NE 69th St Apt 2201 | condos | 2 | 2 | 1,316 | $575,000 | 2026-07-27 |
| 8950 NE 8th Ave Apt 402 | condos | 2 | 2 | 853 | $257,000 | 2026-07-23 |
| 2000 Towerside Ter Apt 1806 | condos | 2 | 2 | 1,520 | $305,000 | 2026-07-22 |
| 1000 Quayside Ter Apt 1404 | condos | 2 | 2 | 1,312 | $300,000 | 2026-07-17 |
| 1000 Quayside Ter Apt 1402 | condos | 2 | 2 | 1,544 | $235,000 | 2026-07-17 |
| 4000 Towerside Ter Apt 2111 | condos | 2 | 2 | 1,469 | $300,000 | 2026-06-30 |
| 770 NE 69th St Apt 6G | condos | 1 | 2 | 1,042 | $399,000 | 2026-06-30 |
| 720 NE 62nd St Apt 403 | condos | 2 | 2 | 1,177 | $619,000 | 2026-06-16 |
| 680 NE 64th St Unit APH6 | condos | 2 | 2 | 1,089 | $420,000 | 2026-06-16 |
| 2000 Towerside Ter Apt 608 | condos | 1 | 2 | 1,200 | $200,000 | 2026-06-12 |
| 4000 Towerside Ter Apt 1712 | condos | 2 | 2 | 1,469 | $360,000 | 2026-06-11 |
| 7801 NE 4th Ct Apt 511 | condos | 1 | 2 | 746 | $160,000 | 2026-06-09 |
| 777 NE 62nd St Apt C203 | condos | 2 | 1 | 926 | $475,000 | 2026-06-05 |
| 720 NE 69th St Apt 11S | condos | 2 | 3 | 2,957 | $1,500,000 | 2026-05-29 |
| 652 NE 63rd St Apt 403 | condos | 2 | 2 | 945 | $445,000 | 2026-05-28 |
| 2000 Towerside Ter Apt 1407 | condos | 2 | 2 | 1,535 | $315,000 | 2026-05-22 |
| 8101 Biscayne Blvd Unit R509 | condos | 0 | 1 | 1,128 | $580,000 | 2026-05-20 |
| 680 NE 64th St Unit APH2 | condos | 2 | 2 | 1,089 | $495,000 | 2026-05-20 |
| 8101 Biscayne Blvd Unit R513 | condos | 0 | 1 | 534 | $290,000 | 2026-05-15 |
| 8950 NE 8th Ave Apt 312 | condos | 1 | 1 | 650 | $170,500 | 2026-05-15 |
| 2000 Towerside Ter Ph 3 | condos | 2 | 2 | 1,312 | $225,000 | 2026-05-12 |
| 2000 Towerside Ter Apt 1905 | condos | 2 | 2 | 1,520 | $285,000 | 2026-05-12 |
| 8950 NE 8th Ave Apt 506 | condos | 2 | 2 | 932 | $259,000 | 2026-05-06 |
| 4000 Towerside Ter Apt 1503 | condos | 2 | 2 | 1,268 | $275,000 | 2026-05-01 |
| 7801 NE 4th Ct Apt 516 | condos | 2 | 2 | 967 | $184,000 | 2026-04-22 |
| 750 NE 64th St Apt B308 | condos | 2 | 2 | 990 | $441,000 | 2026-04-21 |
| 7801 NE 4th Ct Apt 312 | condos | 1 | 1 | 746 | $130,000 | 2026-04-13 |
| 8930 NE 8th Ave Unit 901 | condos | 2 | 2 | 1,045 | $450,000 | 2026-04-08 |
| 680 NE 64th St Apt A505 | condos | 1 | 1 | 741 | $265,000 | 2026-03-30 |
| 1700 NE 105th St Apt 412 | condos | 2 | 2 | 1,154 | $235,000 | 2026-03-27 |
| 2000 Towerside Ter Apt 1512 | condos | 2 | 2 | 1,538 | $500,000 | 2026-03-25 |
| 880 NE 69th St Apt 14H | condos | 0 | 1 | 580 | $180,000 | 2026-03-25 |
| 4000 Towerside Ter Apt 1209 | condos | 2 | 2 | 1,268 | $357,000 | 2026-03-23 |
| 680 NE 64th St Unit APH3 | condos | 2 | 2 | 1,080 | $590,000 | 2026-03-16 |
| 720 NE 69th St Apt 9W | condos | 2 | 3 | 1,763 | $595,000 | 2026-03-13 |
| 1000 Quayside Te Unit 410 | condos | 2 | 2 | 1,312 | $220,000 | 2026-03-10 |
| 4000 Towerside Ter Apt 805 | condos | 2 | 2 | 1,456 | $335,000 | 2026-03-05 |
| 720 NE 62nd St Apt 103 | condos | 2 | 2 | 1,098 | $610,000 | 2026-03-04 |
| 1700 NE 105th St Apt 203 | condos | 2 | 2 | 1,200 | $280,000 | 2026-03-04 |
| 780 NE 69th St Apt 1706 | condos | 1 | 2 | 828 | $320,000 | 2026-02-27 |
| 1000 Quayside Ter Ph 9 | condos | 2 | 2 | 1,312 | $255,000 | 2026-02-18 |
| 780 NE 69th St Unit T1 | condos | 1 | 2 | 1,198 | $400,000 | 2026-02-18 |
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 |
|---|---|---|---|---|---|---|
| 1085 NE 84th St | single_family | 4 | 3 | 1,925 | $1,299,000 | — |
| 670 NE 87th St | multi_family | 4 | 2 | 1,584 | $850,000 | — |
| 685 NE 81st St | single_family | 4 | 3 | 3,129 | $2,850,000 | — |
| 533-535 NE 67th St | multi_family | 4 | 4 | 1,000 | $1,059,000 | — |
| 776 NE 74th St | single_family | 4 | 4 | 1,834 | $1,950,000 | — |
| 420 NE 62nd St Unit A | townhomes | 4 | 5 | 2,786 | $1,850,000 | — |
| 910 NE 81st St | single_family | 4 | 3 | 1,808 | $1,480,000 | — |
| 424 NE 72nd St | single_family | 4 | 2 | 1,884 | $985,000 | — |
10-year hold projection
IRR5.2%
Equity multiple1.83x
Total return (10yr)$626,173
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,905,500 | $85,770 | -$36,161 | $1,463,953 | $441,547 |
| 2 | $1,962,665 | $88,632 | -$33,494 | $1,446,805 | $515,860 |
| 3 | $2,021,545 | $91,587 | -$30,739 | $1,428,479 | $593,066 |
| 4 | $2,082,191 | $94,638 | -$27,893 | $1,408,895 | $673,297 |
| 5 | $2,144,657 | $97,788 | -$24,952 | $1,387,965 | $756,692 |
| 6 | $2,208,997 | $101,040 | -$21,915 | $1,365,598 | $843,398 |
| 7 | $2,275,267 | $104,398 | -$18,778 | $1,341,696 | $933,571 |
| 8 | $2,343,525 | $107,865 | -$15,537 | $1,316,152 | $1,027,373 |
| 9 | $2,413,830 | $111,444 | -$12,190 | $1,288,854 | $1,124,977 |
| 10 | $2,486,245 | $115,139 | -$8,732 | $1,259,681 | $1,226,564 |
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.