1627 NW 40th St
Miami, FL 33142 · single_family · For Sale · 17 days on market
Asking price$969,900
8 beds 6 baths — sqft
Suggested offer$455,000$514,900 above the est. market value of $455,000.
View on Realtor.com →Listed by Alexei Sanjurjo · Avenew Realty Corp
Typesingle_family
Built2026
Price / sqft—
Est. value (own analysis)$455,000
Rent estimate (Zillow ZIP avg)$2,350/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood9/10extreme$Air2/10MinorWildfire1/10Minimal
1 / 25
Show every detail
Statusfor_sale
Listed date2026-08-16
Removed date—
MLSMiamiMLS #A12072106
Coordinates25.81271, -80.22353
Address1627 NW 40th St
CityMiami
StateFL
Zip33142
Listing ID9876767099
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 | $969,900 |
| Down payment (20.0%) | $193,980 |
| Loan amount | $775,920 |
| Closing costs (5.0%) | $48,495 |
| Total cash to close | $242,475 |
| Income | |
| Rent (ZIP avg, ZORI — not bedroom-specific) | $2,350$28,199 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,162$25,943 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,536$18,428 |
| Insurance (est. scaled by flood & wind risk) | $1,423$17,070 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $118$1,410 |
| Total operating expenses | $3,076$36,908 |
| 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) | $118$1,410 |
| 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 |
|---|---|---|---|---|---|---|---|
| single_family | 8 | 9 | 5,200 | $35,000 | 2026-03-18 | — |
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 |
|---|---|---|---|---|---|---|
| 1810 NW 55th St | single_family | 2 | 1 | 994 | $250,000 | 2026-08-21 |
| 4990 NW 31st Ave | single_family | 4 | 4 | 2,777 | $680,000 | 2026-08-19 |
| 2778 NW 44th St | single_family | 4 | 3 | 1,219 | $525,000 | 2026-08-12 |
| 5267589405 | single_family | 3 | 2 | 1,256 | $415,000 | 2026-08-11 |
| 2045 NW 34th St | single_family | 3 | 2 | 1,469 | $510,000 | 2026-08-07 |
| 1500 NW 44th St | single_family | 3 | 1 | 1,319 | $395,000 | 2026-08-07 |
| 1745 NW 49th St | single_family | 2 | 1 | 908 | $365,000 | 2026-08-06 |
| 1485 NW 57th St | single_family | 2 | 1 | 844 | $419,000 | 2026-07-31 |
| 1892 NW 42nd St | single_family | 3 | 2 | 1,295 | $410,000 | 2026-07-31 |
| 1844 NW 50th St | single_family | 2 | 1 | 900 | $280,000 | 2026-07-28 |
| 5224 NW 24th Ct | single_family | 2 | 1 | 624 | $220,000 | 2026-07-24 |
| 3039 NW 43rd Ter | single_family | 4 | 2 | 1,675 | $480,000 | 2026-07-24 |
| 5940 NW 21st Ave | single_family | 4 | 1 | 1,487 | $415,000 | 2026-07-23 |
| 3195 NW 49th St | single_family | 3 | 2 | 1,080 | $475,000 | 2026-07-22 |
| 2326 NW 59th St | single_family | 4 | 2 | 1,016 | $485,000 | 2026-07-22 |
| 1521 NW 51st St | single_family | 3 | 2 | 1,053 | $480,000 | 2026-07-22 |
| 4048 NW 22nd Ct | single_family | 3 | 1 | 1,449 | $400,000 | 2026-07-22 |
| 2153 NW 24th St | single_family | 3 | 1 | 2,618 | $400,000 | 2026-07-21 |
| 2933 NW 48th Ter | single_family | 3 | 2 | 810 | $435,000 | 2026-07-20 |
| 2956 NW 44th St | single_family | 4 | 3 | 1,219 | $522,500 | 2026-07-20 |
| 2331 NW 55th Ter | single_family | 3 | 2 | 667 | $420,000 | 2026-07-17 |
| 2410 NW 43rd St | single_family | 3 | 2 | 1,170 | $475,000 | 2026-07-17 |
| 1846 NW 49th St | single_family | 2 | 1 | 860 | $480,000 | 2026-07-17 |
| 2944 NW 44th St | single_family | 2 | 1 | 1,181 | $370,000 | 2026-07-17 |
| 2142 NW 33rd St | single_family | 5 | 2 | 2,010 | $475,000 | 2026-07-16 |
| 1431 NW 30th St | single_family | 2 | 1 | 1,026 | $405,000 | 2026-07-16 |
| 1926 NW 60th St | single_family | 4 | 2 | 1,427 | $510,000 | 2026-07-16 |
| 5308 NW 29th Ave | single_family | 4 | 2 | 1,136 | $520,000 | 2026-07-16 |
| 5995 NW 24th Ave | single_family | 3 | 2 | 1,798 | $515,000 | 2026-07-16 |
| 3231 NW 48th Ter | single_family | 3 | 1 | 1,208 | $493,000 | 2026-07-14 |
| 2951 NW 57th St | single_family | 3 | 2 | 1,450 | $535,000 | 2026-07-13 |
| 2915 NW 60th St | single_family | 2 | 1 | 672 | $364,900 | 2026-07-13 |
| 5171 NW 19th Ave | single_family | 2 | 1 | 796 | $514,000 | 2026-07-13 |
| 4711 NW 16th Ave | single_family | 3 | 1 | 888 | $340,000 | 2026-07-10 |
| 2156 NW 32nd St | single_family | 2 | 1 | 1,020 | $275,000 | 2026-07-09 |
| 2119 NW 59th St | single_family | 5 | 2 | 1,976 | $342,000 | 2026-07-06 |
| 1733 NW 40th St | single_family | 3 | 2 | 1,711 | $414,000 | 2026-07-06 |
| 2765 NW 60th St | single_family | 11 | 5 | 4,404 | $433,500 | 2026-07-02 |
| 2450 NW 32nd St | single_family | 3 | 2 | 1,476 | $495,000 | 2026-06-30 |
| 2255 NW 60th St | single_family | 3 | 2 | 1,104 | $490,000 | 2026-06-24 |
| 3298 NW 49th St | single_family | 4 | 2 | 1,410 | $493,000 | 2026-06-22 |
| 1385 NW 28th St | single_family | 5 | 4 | 1,666 | $700,000 | 2026-06-18 |
| 3249 NW 51st St | single_family | 3 | 1 | 1,468 | $523,000 | 2026-06-18 |
| 2129 NW 59th St | single_family | 3 | 2 | 988 | $400,000 | 2026-06-16 |
| 1925 NW 49th St | single_family | 3 | 2 | 1,425 | $554,800 | 2026-06-16 |
| 3280 NW 51st Ter | single_family | 3 | 2 | 1,748 | $642,000 | 2026-06-11 |
| 1451 NW 43rd St | single_family | 3 | 2 | 1,592 | $399,900 | 2026-06-09 |
| 1328 NW 31st St | single_family | 3 | 1 | 1,143 | $380,000 | 2026-06-09 |
| 1621 NW 55th St | single_family | 2 | 1 | 962 | $425,000 | 2026-06-09 |
| 1470 NW 51st Ter | single_family | 4 | 2 | 1,409 | $550,000 | 2026-06-09 |
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 |
|---|---|---|---|---|---|---|
| 1629 NW 40th St | multi_family | 8 | 6 | — | $969,900 | — |
| 3527 NW 34th St | multi_family | 8 | 4 | 1,818 | $770,000 | — |
| 1286 NW 59th St | multi_family | 8 | 4 | 3,596 | $1,080,000 | — |
| 2835 NW 22nd Ave | multi_family | 8 | 4 | 4,421 | $1,149,000 | — |
| 3165 NW 61st St | multi_family | 8 | 6 | 2,894 | $950,000 | — |
| 2986 NW 26th St | multi_family | 8 | 6 | 3,768 | $1,200,000 | — |
| 1565 NW 47th St | multi_family | 8 | 4 | 2,245 | $995,000 | — |
| 1220 and 1222 NW 30th St | multi_family | 8 | 4 | 3,456 | $1,450,000 | — |
10-year hold projection
IRR-9.9%
Equity multiple-0.68x
Total return (10yr)-$281,169
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $998,997 | -$10,965 | -$72,211 | $767,507 | $231,490 |
| 2 | $1,028,967 | -$11,110 | -$72,390 | $758,517 | $270,450 |
| 3 | $1,059,836 | -$11,254 | -$72,571 | $748,909 | $310,927 |
| 4 | $1,091,631 | -$11,398 | -$72,751 | $738,642 | $352,989 |
| 5 | $1,124,380 | -$11,541 | -$72,932 | $727,669 | $396,711 |
| 6 | $1,158,111 | -$11,683 | -$73,114 | $715,943 | $442,168 |
| 7 | $1,192,855 | -$11,825 | -$73,295 | $703,411 | $489,443 |
| 8 | $1,228,640 | -$11,966 | -$73,477 | $690,020 | $538,621 |
| 9 | $1,265,500 | -$12,105 | -$73,659 | $675,708 | $589,792 |
| 10 | $1,303,465 | -$12,244 | -$73,840 | $660,414 | $643,051 |
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.