321 SW 32nd Rd
Miami, FL 33129 · single_family · Pending — under contract · 64 days on market
Asking price$1,200,000
2 beds 1 baths 1,214 sqft
Suggested offer$1,176,560$23,440 above the est. market value of $1,176,560.
View on Realtor.com →Listed by Miriam Ruiz · Great Properties International Llc
Typesingle_family
Built1936
Price / sqft$988
Est. value (own analysis)$1,176,560
Rent estimate (own analysis)$4,000/mo
HOANone
1 / 4
Show every detail
Statusfor_sale
Listed date2026-06-30
Removed date—
MLSMiamiMLS #A12045295
Coordinates25.75254, -80.21334
Address321 SW 32nd Rd
CityMiami
StateFL
Zip33129
Listing ID5032211415
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33129)
Typical home value (ZHVI)$689,590
Typical rent (ZORI)$3,599/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 | $1,200,000 |
| Down payment (20.0%) | $240,000 |
| Loan amount | $960,000 |
| Closing costs (5.0%) | $60,000 |
| Total cash to close | $300,000 |
| Income | |
| Rent (comp-derived) | $4,000$48,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,680$44,160 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,900$22,800 |
| Insurance (placeholder 0.8% of price) | $800$9,600 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $200$2,400 |
| Total operating expenses | $2,900$34,800 |
| 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) | $200$2,400 |
| 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 |
|---|---|---|---|---|---|---|---|
| single_family | 2 | 2 | 1,564 | $3,050 | 2026-08-18 | — | |
| single_family | 2 | 2 | 1,244 | $4,600 | 2026-08-07 | — | |
| single_family | 2 | 3 | — | $3,500 | — | — | |
| single_family | 2 | 2 | — | $4,500 | — | — | |
| single_family | 2 | 2 | — | $3,550 | — | — | |
| single_family | 2 | 2 | — | $4,450 | — | — |
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 |
|---|---|---|---|---|---|---|
| 321 SW 32nd Rd | single_family | 2 | 1 | 1,214 | $1,205,000 | 2026-08-14 |
| 730 SW 20th Rd | single_family | 2 | 1 | 1,025 | $905,000 | 2026-08-07 |
| 1153 SW 22nd Ter | single_family | 2 | 2 | 1,216 | $1,150,000 | 2026-07-14 |
| 705 SW 26th Rd | single_family | 2 | 2 | 2,550 | $1,400,000 | 2026-05-18 |
| 1851 SW 2nd Ct | single_family | 2 | 1 | 1,023 | $1,550,000 | 2026-05-15 |
| 2100 SW 9th Ave | single_family | 2 | 2 | 2,565 | $2,800,000 | 2026-05-14 |
| 620 SW 27th Rd | single_family | 2 | 2 | 1,257 | $1,350,000 | 2026-04-15 |
| 451 SW 25th Rd | single_family | 2 | 2 | 1,575 | $1,225,000 | 2025-11-21 |
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 |
|---|---|---|---|---|---|---|
| 175 SE 25th Rd Apt 804 | condos | 2 | 2 | — | $2,150,000 | — |
| 1611 SW 2nd Ave Unit 911 | condos | 2 | 2 | 844 | $1,500,000 | — |
| 175 SE 25th Rd Apt 1203 | condos | 2 | 2 | 1,179 | $2,200,000 | — |
| 2475 Brickell Ave Apt 2206 | condos | 2 | 2 | 1,120 | $650,000 | — |
| 1901 Brickell Ave Apt B1411 | condos | 2 | 2 | 1,362 | $670,000 | — |
| 1581 Brickell Ave Apt 1105 | condos | 2 | 2 | 1,895 | $1,099,000 | — |
| 2333 Brickell Ave Apt 2212 | condos | 2 | 2 | 1,460 | $775,000 | — |
| 2701 SW 3rd Ave Apt 703 | condos | 2 | 2 | 930 | $480,000 | — |
10-year hold projection
IRR-5.0%
Equity multiple0.16x
Total return (10yr)-$95,218
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,236,000 | $9,360 | -$67,071 | $949,591 | $286,409 |
| 2 | $1,273,080 | $9,815 | -$66,676 | $938,468 | $334,612 |
| 3 | $1,311,272 | $10,288 | -$66,265 | $926,581 | $384,691 |
| 4 | $1,350,611 | $10,779 | -$65,836 | $913,878 | $436,733 |
| 5 | $1,391,129 | $11,290 | -$65,390 | $900,302 | $490,827 |
| 6 | $1,432,863 | $11,821 | -$64,925 | $885,794 | $547,069 |
| 7 | $1,475,849 | $12,372 | -$64,442 | $870,289 | $605,559 |
| 8 | $1,520,124 | $12,945 | -$63,939 | $853,720 | $666,404 |
| 9 | $1,565,728 | $13,540 | -$63,415 | $836,013 | $729,715 |
| 10 | $1,612,700 | $14,158 | -$62,870 | $817,090 | $795,609 |
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.