2960 NW 93rd St

Miami, FL 33147 · single_family · For Sale · 58 days on market
Asking price$699,999
4 beds 3 baths 2,100 sqft
View on Realtor.com →
Listed by Mildred March · Titan Properties
Typesingle_family
Built2026
Price / sqft$333
Est. value (own analysis)$768,159
Rent estimate (own analysis)$3,550/mo
HOANone
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Neighborhood

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Statusfor_sale
Listed date2026-07-06
Removed date
MLSMiamiMLS #A12048439
Coordinates25.85808, -80.24548
Address2960 NW 93rd St
CityMiami
StateFL
Zip33147
Listing ID9916705531
Sourceus-real-estate-listings, cached 2026-08-31

ZIP market snapshot (33147)

Typical home value (ZHVI)$444,132
Typical rent (ZORI)$2,154/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)

Purchase price$699,999
Down payment (20.0%)$140,000
Loan amount$559,999
Closing costs (5.0%)$35,000
Total cash to close$175,000
Rent (comp-derived)$3,550$42,600
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$42,600
Vacancy rate (assumption) assumption8.0%

$42,600 × 8.0% = $3,408

Effective gross income$3,266$39,192
Property tax (placeholder 1.9% of price)$1,108$13,300
Insurance (placeholder 0.8% of price)$467$5,600
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$178$2,130
Total operating expenses$1,753$21,030
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$39,192
Total operating expenses derived$21,030

$39,192 − $21,030 = $18,162

Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing)

Monthly Principal & Interest

Standard amortization on the loan amount, at the effective rate and term

Loan amount derived$559,999
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$559,999 amortized at 6.7% over 30 years = $3,599/mo

CapEx reserve (5.0% of GSR)$178$2,130
Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%)$0$0
Cash flow

Monthly Cash Flow

(NOI − Annual Debt Service − Annual CapEx Reserve − Annual PMI) ÷ 12

NOI derived$18,162
Annual debt service derived$43,185
Annual CapEx reserve assumption$2,130
Annual PMI assumption$0

($18,162 − $43,185 − $2,130 − $0) ÷ 12 = -$2,263

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$18,162
Purchase price data$699,999

$18,162 ÷ $699,999 = 2.6%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$27,152
Total cash to close derived$175,000

-$27,152 ÷ $175,000 = -15.5%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$18,162
Annual debt service derived$43,185

$18,162 ÷ $43,185 = 0.42

Rent-to-price (1% rule)

Rent-to-Price (the "1% rule")

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$42,600
Purchase price data$699,999

($42,600 ÷ 12) ÷ $699,999 = 0.5%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$699,999
Gross scheduled rent (annual) comp$42,600

$699,999 ÷ $42,600 = 16.4

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$21,030
Effective gross income derived$39,192

$21,030 ÷ $39,192 = 53.7%

Break-even occupancy

Break-Even Occupancy

(Total OpEx + Annual Debt Service + Annual PMI) ÷ Gross Scheduled Rent

Total operating expenses derived$21,030
Annual debt service derived$43,185
Annual PMI assumption$0
Gross scheduled rent (annual) comp$42,600

($21,030 + $43,185 + $0) ÷ $42,600 = 150.7%

Comparables

Same ZIP. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family431,680$4,0002026-05-20
single_family421,420$9002026-05-08
single_family422,000$3,300
single_family432,223$3,800

1507 NW 100th St

Miami, 33147 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,680
Listed2026-05-20
Days on market

Asking rent: $4,000

View on Zillow →

1935 NW 96th St

Miami, 33147 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,420
Listed2026-05-08
Days on market

Asking rent: $900

View on Zillow →

1471 NW 93rd St

Miami, 33147 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage2,000
Listed
Days on market

Asking rent: $3,300

View on Zillow →

2242 NW 99th Ter

Miami, 33147 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage2,223
Listed
Days on market

Asking rent: $3,800

View on Zillow →

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
3560 NW 95th Stsingle_family42$520,0002026-08-31
1369 NW 68th Tersingle_family42$485,0002026-08-26
1535 NW 85th Stsingle_family421,287$490,0002026-08-11
3520 NW 99th Stsingle_family421,202$529,0002026-07-28
1945 NW 86th Stsingle_family421,055$395,0002026-07-27
3169 NW 102nd Stsingle_family431,638$594,0002026-07-09
1375 NW 77th Stsingle_family421,221$475,0002026-06-30
7128 NW 20th Avesingle_family421,267$499,9972026-06-30
1360 NW 77th Stsingle_family431,120$520,0002026-06-30
10420 NW 35th Plsingle_family431,868$350,0002026-06-29
1424 NW 69th Stsingle_family431,428$480,0002026-06-26
3155 NW 81st Tersingle_family421,552$530,0002026-06-23
1366 NW 75th Stsingle_family431,416$540,0002026-06-22
2346 NW 81st Tersingle_family421,655$590,0002026-06-10
3011 NW 69th Tersingle_family421,482$520,0002026-05-29
3201 NW 83rd Stsingle_family421,243$470,0002026-05-21
2158 NW 100th Stsingle_family421,482$460,0002026-05-18
2441 NW 98th Stsingle_family421,342$539,0002026-05-15
6965 NW 21st Ctsingle_family421,341$539,9002026-05-15
1231 NW 88th Stsingle_family442,646$700,0002026-05-08
2479 NW 96th Stsingle_family421,168$265,0002026-05-06
6351 NW 31st Ctsingle_family421,492$295,6082026-05-05
8747 NW 36th Avesingle_family421,235$580,0002026-04-22
1735 NW 69th Stsingle_family421,260$437,0002026-04-20
1568 NW 68th Stsingle_family43$570,0002026-04-17
2317 NW 87th Stsingle_family432,017$590,0002026-04-15
2365 NW 68th Stsingle_family421,200$430,0002026-04-03
3535 NW 82nd Stsingle_family42$500,0002026-03-31
6800 NW 28th Avesingle_family441,587$585,0002026-03-16
2359 NW 64th Stsingle_family43$587,0002026-03-13
9315 NW 35th Ctsingle_family421,250$495,0002026-03-05
9110 Broad Manor Rdsingle_family421,383$575,0002026-03-04
3150 NW 90th Stsingle_family431,350$490,0002026-02-27

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.

AddressTypeBedsBathsSqftAsking priceDays on market
2512 NW 68th Stmulti_family421,560$699,000
1760 NW 84th Stsingle_family421,180$575,000
3520 NW 79th Stmobile431,578$54,500
2950 NW 93rd Stsingle_family431,850$695,000
3168 NW 66th Stsingle_family41940$329,000
2118 NW 86th Stsingle_family42749$650,000
3265 NW 80th Tersingle_family421,728$545,000
10401 NW 33rd Avesingle_family441,972$670,000

10-year hold projection

IRR-0.3%
Equity multiple0.95x
Total return (10yr)$82,083
YearProperty valueNOICash flowLoan balanceEquity
1$720,999$18,162-$27,152$553,928$167,071
2$742,629$18,812-$26,556$547,439$195,190
3$764,908$19,484-$25,938$540,505$224,403
4$787,855$20,179-$25,299$533,094$254,761
5$811,491$20,898-$24,638$525,175$286,316
6$835,835$21,641-$23,954$516,712$319,124
7$860,910$22,409-$23,246$507,668$353,243
8$886,738$23,203-$22,513$498,002$388,736
9$913,340$24,024-$21,755$487,673$425,667
10$940,740$24,873-$20,971$476,635$464,105
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.
All figures are estimates for evaluation purposes only, not investment, tax, legal, or insurance advice. Property tax is estimated from a real matched tax bill or millage rate when available, a placeholder % of price otherwise; insurance is scaled by flood and wind risk where those are known and a flat percentage otherwise — never a real quote. Verify all of them, along with association restrictions and permit status, before committing capital. Rent estimates come from real comps or Zillow’s ZIP index, not appraisals.