4491 NW 23rd Ave
Miami, FL 33142 · multi_family · For Sale · 49 days on market
Asking price$755,000
6 beds 4 baths 2,184 sqft
Suggested offer$609,718$145,282 above the est. market value of $609,718.
View on Realtor.com →Listed by Ingrid Roldan · Realty One Group Evolution
Typemulti_family
Built2021
Price / sqft$346
Est. value (own analysis)$609,718
Rent estimate (building total, own analysis)$5,482/mo
HOANone
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Statusfor_sale
Listed date2026-07-15
Removed date—
MLSMiamiMLS #A12054428
Coordinates25.81603, -80.23417
Address4491 NW 23rd Ave
CityMiami
StateFL
Zip33142
Listing ID9814447740
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33142)
Typical home value (ZHVI)$430,103
Typical rent (ZORI)$2,350/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 | $755,000 |
| Down payment (20.0%) | $151,000 |
| Loan amount | $604,000 |
| Closing costs (5.0%) | $37,750 |
| Total cash to close | $188,750 |
| Income | |
| Rent (estimate) | $5,482$65,782 |
| Vacancy loss (8.0%) | |
| Effective gross income | $5,043$60,520 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,195$14,345 |
| Insurance (placeholder 0.8% of price) | $503$6,040 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $274$3,289 |
| Total operating expenses | $1,973$23,674 |
| 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) | $274$3,289 |
| 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.
No active rental listings cached yet for this bedroom count.
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 |
|---|---|---|---|---|---|---|
| 1247 NW 28th St | multi_family | 6 | 4 | 2,316 | $591,000 | 2026-07-31 |
| 2512 NW 13th Ave | multi_family | 6 | 2 | 1,764 | $580,000 | 2026-04-21 |
| 2180 NW 59th St | multi_family | 6 | 2 | 1,988 | $555,000 | 2026-01-26 |
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 |
|---|---|---|---|---|---|---|
| 2180 NW 30th St | multi_family | 6 | 5 | 2,652 | $600,000 | — |
| 5859 NW 13th Ave | multi_family | 6 | 4 | 2,300 | $750,000 | — |
| 1243 NW 29th Ter | multi_family | 6 | 3 | 1,792 | $775,000 | — |
| 1864 NW 28th St | multi_family | 6 | 4 | 3,200 | $1,375,000 | — |
| 2323 NW 55th Ter | multi_family | 6 | 6 | 2,400 | $795,000 | — |
| 1895 NW 47th Ter | multi_family | 6 | 4 | 2,300 | $795,000 | — |
| 3376 NW 49th St | multi_family | 6 | 3 | 1,926 | $650,000 | — |
| 1810 NW 46th St | multi_family | 6 | 6 | 4,664 | $1,550,000 | — |
10-year hold projection
IRR5.9%
Equity multiple1.94x
Total return (10yr)$275,504
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $777,650 | $36,845 | -$13,021 | $597,451 | $180,199 |
| 2 | $800,980 | $38,069 | -$11,880 | $590,453 | $210,527 |
| 3 | $825,009 | $39,333 | -$10,701 | $582,974 | $242,035 |
| 4 | $849,759 | $40,637 | -$9,483 | $574,981 | $274,778 |
| 5 | $875,252 | $41,983 | -$8,225 | $566,440 | $308,812 |
| 6 | $901,509 | $43,374 | -$6,925 | $557,312 | $344,198 |
| 7 | $928,555 | $44,809 | -$5,583 | $547,557 | $380,998 |
| 8 | $956,411 | $46,290 | -$4,197 | $537,132 | $419,280 |
| 9 | $985,104 | $47,820 | -$2,765 | $525,991 | $459,112 |
| 10 | $1,014,657 | $49,399 | -$1,287 | $514,086 | $500,571 |
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.