2040 NE 163rd St Ph 2501
Miami, FL 33162 · condos · For Sale · 15 days on market
Asking price$1,492,500
3 beds 3 baths 1,412 sqft
Suggested offer$163,030$1,329,470 above the est. market value of $163,030.
View on Realtor.com →Listed by Gabriel Novoa · Fortune Christie's International Real Estate
Typecondos
Built2029
Price / sqft$1057
Est. value (own analysis)$163,030
Rent estimate (own analysis)$4,403/mo
HOANone
1 / 3
Show every detail
Statusfor_sale
Listed date2026-08-18
Removed date—
MLSMiamiMLS #A12073185
Coordinates25.92574, -80.15913
Address2040 NE 163rd St Ph 2501
CityMiami
StateFL
Zip33162
Listing ID9908831431
Sourceus-real-estate-listings, cached 2026-09-01
ZIP market snapshot (33162)
Typical home value (ZHVI)$472,330
Typical rent (ZORI)$2,262/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 | $1,492,500 |
| Down payment (20.0%) | $298,500 |
| Loan amount | $1,194,000 |
| Closing costs (5.0%) | $74,625 |
| Total cash to close | $373,125 |
| Income | |
| Rent (comp-derived) | $4,403$52,836 |
| Vacancy loss (8.0%) | |
| Effective gross income | $4,051$48,609 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,363$28,358 |
| Insurance (placeholder 0.8% of price) | $995$11,940 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $220$2,642 |
| Total operating expenses | $3,578$42,939 |
| 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) | $220$2,642 |
| 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 |
|---|---|---|---|---|---|---|---|
| apartment | 3 | 2 | 1,263 | $3,871 | — | — | |
| apartment | 3 | 2 | 1,263 | $4,321 | — | — | |
| apartment | 3 | 2 | 1,303 | $4,403 | — | — | |
| apartment | 3 | 2 | 1,263 | $4,502 | — | — | |
| apartment | 3 | 2 | 1,263 | $4,502 | — | — |
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 |
|---|---|---|---|---|---|---|
| 16450 Miami Dr Apt 503 | condos | 2 | 2 | 1,077 | $210,000 | 2026-08-28 |
| 1355 NE 167th St Apt 302 | condos | 1 | 1 | 883 | $54,000 | 2026-08-18 |
| 15600 NE 6th Ave Apt 34A | condos | 1 | 1 | 620 | $71,900 | 2026-07-31 |
| 15610 NE 6th Ave Apt 36D | condos | 1 | 1 | 620 | $99,000 | 2026-07-30 |
| 2075 NE 164th St Apt 105 | condos | 2 | 2 | 1,042 | $225,000 | 2026-07-30 |
| 15610 NE 6th Ave Apt 32D | condos | 1 | 1 | 620 | $87,000 | 2026-07-30 |
| 16750 NE 10th Ave Apt 214 | condos | 2 | 2 | 1,218 | $190,000 | 2026-07-30 |
| 15610 NE 6th Ave Apt 10D | condos | 1 | 1 | 620 | $77,000 | 2026-07-17 |
| 15610 NE 6th Ave Apt 10B | condos | 1 | 1 | 620 | $53,000 | 2026-07-17 |
| 17001 NE 13th Ave Apt 205 | condos | 1 | 1 | 688 | $45,000 | 2026-07-13 |
| 15610 NE 6th Ave Apt 8D | condos | 1 | 1 | 620 | $77,000 | 2026-07-07 |
| 17090 NE 14th Ave Apt 211 | condos | 1 | 1 | 688 | $60,000 | 2026-06-26 |
| 2025 NE 164th St Apt 918 | condos | 1 | 2 | 790 | $102,000 | 2026-06-16 |
| 17000 NE 14th Ave Apt 206 | condos | 1 | 1 | 688 | $59,000 | 2026-06-15 |
| 17000 NE 14th Ave Apt 301 | condos | 2 | 1 | 883 | $60,000 | 2026-06-02 |
| 16751 NE 9th Ave Apt 410 | condos | 1 | 2 | 722 | $135,000 | 2026-06-02 |
| 16750 NE 14th Ave Apt 211 | condos | 1 | 1 | 688 | $38,000 | 2026-05-29 |
| 16701 NE 13th Ave Apt 209 | condos | 1 | 1 | 688 | $57,000 | 2026-05-18 |
| 17001 NE 13th Ave Apt 201 | condos | 2 | 1 | 883 | $55,000 | 2026-05-18 |
| 1471 NE 170th St Apt 215A | condos | 1 | 1 | 653 | $120,000 | 2026-05-12 |
| 1355 NE 167th St Apt 307 | condos | 1 | 1 | 688 | $40,000 | 2026-05-07 |
| 17090 NE 14th Ave Apt 103 | condos | 2 | 2 | 960 | $150,000 | 2026-05-04 |
| 1450 NE 170th St Apt 202 | condos | 2 | 1 | 1,024 | $195,000 | 2026-05-01 |
| 16790 NE 14th Ave Apt 207 | condos | 1 | 1 | 688 | $54,000 | 2026-05-01 |
| 17001 NE 13th Ave Apt 202 | condos | 1 | 1 | 883 | $48,000 | 2026-04-27 |
| 1450 NE 170th St Apt 211 | condos | 1 | 1 | 800 | $150,000 | 2026-04-09 |
| 16750 NE 14th Ave Apt 212 | condos | 2 | 2 | 960 | $115,000 | 2026-04-02 |
| 16901 NE 13th Ave Apt 309 | condos | 1 | 1 | 688 | $67,000 | 2026-03-19 |
| 9678597374 | condos | 1 | 1 | 620 | $58,000 | 2026-03-09 |
| 15600 NE 6th Ave Apt 41A | condos | 1 | 1 | 620 | $70,000 | 2026-02-26 |
| 2025 NE 164th St Apt 806 | condos | 1 | 2 | 790 | $115,000 | 2026-02-25 |
| 1355 NE 167th St Apt 214 | condos | 1 | 1 | 883 | $50,000 | 2026-02-17 |
| 16740 NE 9th Ave Apt 302 | condos | 2 | 2 | 1,175 | $210,000 | 2026-02-10 |
| 16740 NE 9th Ave Apt 405 | condos | 1 | 2 | 780 | $130,000 | 2026-02-10 |
| 1355 NE 167th St Apt 110 | condos | 1 | 1 | 688 | $62,000 | 2026-02-05 |
| 1570 NE 151st St Apt 102 | condos | 2 | 2 | 1,075 | $164,900 | 2026-02-05 |
| 15610 NE 6th Ave Apt 8C | condos | 1 | 1 | 620 | $78,000 | 2026-02-05 |
| 16400 NE 17th Ave Apt 701 | condos | 1 | 2 | 734 | $125,000 | 2026-01-12 |
| 16750 NE 14th Ave Apt 310 | condos | 1 | 1 | 688 | $48,000 | 2026-01-03 |
| 15600 NE 6th Ave Apt 26D | condos | 2 | 1 | 870 | $105,000 | 2025-12-17 |
| 15610 NE 6th Ave Apt 29C | condos | 2 | 1 | 870 | $88,000 | 2025-11-17 |
| 1395 NE 167th St Apt 104 | condos | 1 | 1 | 688 | $49,000 | 2025-11-07 |
| 17001 NE 13th Ave Apt 308 | condos | 1 | 1 | 688 | $45,000 | 2025-10-31 |
| 15610 NE 6th Ave Apt 10C | condos | 1 | 1 | 620 | $65,000 | 2025-10-31 |
| 16900 NE 14th Ave Apt 301 | condos | 2 | 1 | 883 | $82,000 | 2025-10-15 |
| 15610 NE 6th Ave Apt 26C | condos | 1 | 1 | 620 | $85,000 | 2025-10-14 |
| 15600 NE 6th Ave Apt 30A | condos | 2 | 1 | 870 | $100,000 | 2025-10-10 |
| 16801 NE 13th Ave Apt 202 | condos | 2 | 1 | 883 | $94,500 | 2025-10-06 |
| 2025 NE 164th St Apt 418 | condos | 2 | 2 | 790 | $110,000 | 2025-10-01 |
| 2072 NE 169th St Apt 10 | condos | 2 | 2 | 1,025 | $170,000 | 2025-09-29 |
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 |
|---|---|---|---|---|---|---|
| 16010 NE 5th Ave | single_family | 3 | 2 | 1,904 | $650,000 | — |
| 661 NE 164th Ter | single_family | 3 | 3 | 1,440 | $580,000 | — |
| 665 NE 173rd Ter | single_family | 3 | 2 | 1,592 | $1,450,000 | — |
| 320 NE 160th St | single_family | 3 | 3 | 2,010 | $699,000 | — |
| 15260 NE 2nd Ave | single_family | 3 | 2 | 1,682 | $749,999 | — |
| 15115 NE 6th Ave Unit 32 | townhomes | 3 | 3 | 1,620 | $235,000 | — |
| 16225 NE 2nd Ave | single_family | 3 | 2 | 1,176 | $379,000 | — |
| single_family | 3 | 2 | 1,427 | $650,000 | — |
10-year hold projection
IRR-6.0%
Equity multiple-0.01x
Total return (10yr)-$183,130
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,537,275 | $5,670 | -$89,048 | $1,181,054 | $356,221 |
| 2 | $1,583,393 | $6,055 | -$88,729 | $1,167,220 | $416,174 |
| 3 | $1,630,895 | $6,456 | -$88,395 | $1,152,435 | $478,460 |
| 4 | $1,679,822 | $6,876 | -$88,045 | $1,136,635 | $543,187 |
| 5 | $1,730,217 | $7,313 | -$87,679 | $1,119,750 | $610,467 |
| 6 | $1,782,123 | $7,769 | -$87,295 | $1,101,705 | $680,418 |
| 7 | $1,835,587 | $8,245 | -$86,894 | $1,082,422 | $753,165 |
| 8 | $1,890,654 | $8,742 | -$86,474 | $1,061,814 | $828,840 |
| 9 | $1,947,374 | $9,259 | -$86,035 | $1,039,791 | $907,583 |
| 10 | $2,005,795 | $9,799 | -$85,576 | $1,016,256 | $989,540 |
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.