9007 SW 38th St
Miami, FL 33165 · multi_family · For Sale · 19 days on market
Asking price$974,900
4 beds 5 baths 1,686 sqft
Suggested offer$672,099$302,801 above the est. market value of $672,099.
View on Realtor.com →Listed by Jorge De Pina - NRBA · Mia Realty, Corp.
Typemulti_family
Built1970
Price / sqft$578
Est. value (own analysis)$672,099
Rent estimate (building total, own analysis)$4,367/mo
HOANone
1 / 46
Show every detail
Statusfor_sale
Listed date2026-08-14
Removed date—
MLSMiamiMLS #A11973979
Coordinates25.73497, -80.34209
Address9007 SW 38th St
CityMiami
StateFL
Zip33165
Listing ID5081211055
Sourceus-real-estate-listings, cached 2026-09-01
ZIP market snapshot (33165)
Typical home value (ZHVI)$684,538
Typical rent (ZORI)$3,219/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 | $974,900 |
| Down payment (20.0%) | $194,980 |
| Loan amount | $779,920 |
| Closing costs (5.0%) | $48,745 |
| Total cash to close | $243,725 |
| Income | |
| Rent (estimate) | $4,367$52,401 |
| Vacancy loss (8.0%) | |
| Effective gross income | $4,017$48,209 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,544$18,523 |
| Insurance (placeholder 0.8% of price) | $650$7,799 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $218$2,620 |
| Total operating expenses | $2,412$28,942 |
| 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) | $218$2,620 |
| 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 |
|---|---|---|---|---|---|---|---|
| multi_family | 4 | 2 | 1,686 | $3,400 | 2026-08-24 | — |
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 |
|---|---|---|---|---|---|---|
| 5717636435 | multi_family | — | — | 2,094 | $790,000 | 2026-09-01 |
| 3630 SW 87th Ave | multi_family | — | — | 2,150 | $980,000 | 2026-08-31 |
| 8881 SW 28th St | multi_family | 5 | 4 | 3,138 | $1,300,000 | 2026-08-14 |
| 9385-9387 SW 37th St | multi_family | — | — | 2,040 | $826,000 | 2026-08-07 |
| 3840 SW 91st Ave | multi_family | — | — | 1,057 | $750,000 | 2026-08-07 |
| 2700 SW 89th Ave | multi_family | 6 | 4 | 3,819 | $1,200,000 | 2026-07-22 |
| 3827 SW 88th Ct | multi_family | 4 | — | 2,095 | $800,000 | 2026-06-11 |
| 9601-9603 SW 36th St | multi_family | — | — | 1,566 | $750,000 | 2026-04-16 |
| 9221 SW 39th St | multi_family | — | — | 2,052 | $818,000 | 2026-04-13 |
| 3001 SW 106th Ave | multi_family | 3 | 2 | 2,136 | $700,000 | 2026-03-02 |
| 3520 SW 88th Pl | multi_family | — | — | 1,685 | $879,000 | 2025-12-05 |
| 3620 SW 94th Ave | multi_family | — | — | 4,458 | $1,445,000 | 2025-12-01 |
| 9241 SW 39th St | multi_family | — | — | 2,052 | $795,000 | 2025-10-08 |
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 |
|---|---|---|---|---|---|---|
| 2525 SW 107th Ct | single_family | 4 | 4 | 3,373 | $899,000 | — |
| 3352 SW 110th Ave | single_family | 4 | 4 | 3,170 | $2,199,517 | — |
| 5241 SW 104th Ave | single_family | 4 | 5 | 2,749 | $1,145,000 | — |
| 11390 SW 30th St | single_family | 4 | 3 | 3,584 | $2,800,000 | — |
| 10240 SW 35th St | single_family | 4 | 3 | 1,525 | $769,999 | — |
| 9551 SW 49th St | single_family | 4 | 3 | 1,300 | $885,000 | — |
| 9951 SW 41st Ter | single_family | 4 | 4 | — | $1,695,000 | — |
| 9360 SW 37th St | multi_family | 4 | 4 | 1,553 | $950,000 | — |
10-year hold projection
IRR-2.0%
Equity multiple0.68x
Total return (10yr)$49,004
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,004,147 | $19,266 | -$43,497 | $771,464 | $232,683 |
| 2 | $1,034,271 | $19,989 | -$42,840 | $762,427 | $271,844 |
| 3 | $1,065,300 | $20,737 | -$42,159 | $752,770 | $312,530 |
| 4 | $1,097,259 | $21,511 | -$41,454 | $742,449 | $354,809 |
| 5 | $1,130,176 | $22,313 | -$40,723 | $731,420 | $398,756 |
| 6 | $1,164,082 | $23,142 | -$39,966 | $719,633 | $444,448 |
| 7 | $1,199,004 | $24,000 | -$39,183 | $707,037 | $491,967 |
| 8 | $1,234,974 | $24,887 | -$38,371 | $693,576 | $541,398 |
| 9 | $1,272,023 | $25,806 | -$37,530 | $679,191 | $592,833 |
| 10 | $1,310,184 | $26,757 | -$36,659 | $663,817 | $646,367 |
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.