121 NE 34th St Ph 3217
Miami, FL 33137 · condos · For Sale · 121 days on market
Asking price$2,499,000
4 beds 5 baths 2,866 sqft
Listed by Jean-Claude Zenni · One Sotheby's International Realty
Typecondos
Built2018
Price / sqft$872
Est. value (own analysis)$2,937,879
Rent estimate (own analysis)$19,500/mo
HOA$4,410/mo
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Statusfor_sale
Listed date2026-05-05
Removed date—
MLSMiamiMLS #A12013024
Coordinates25.80872, -80.19210
Address121 NE 34th St Ph 3217
CityMiami
StateFL
Zip33137
Listing ID5087702541
Sourceus-real-estate-listings, cached 2026-08-30
ZIP market snapshot (33137)
Typical home value (ZHVI)$682,165
Typical rent (ZORI)$3,560/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 | $2,499,000 |
| Down payment (20.0%) | $499,800 |
| Loan amount | $1,999,200 |
| Closing costs (5.0%) | $124,950 |
| Total cash to close | $624,750 |
| Income | |
| Rent (comp-derived) | $19,500$234,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $17,940$215,280 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $3,957$47,481 |
| Insurance (placeholder 0.8% of price) | $1,666$19,992 |
| HOA dues | $4,410$52,920 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $975$11,700 |
| Total operating expenses | $11,008$132,093 |
| 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) | $975$11,700 |
| 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 |
|---|---|---|---|---|---|---|---|
| condos | 4 | 5 | 3,812 | $40,000 | 2026-08-19 | — | |
| condos | 4 | 6 | 2,582 | $18,000 | 2026-08-14 | — | |
| condos | 4 | 5 | 2,743 | $22,500 | 2026-08-14 | — | |
| condos | 4 | 6 | 2,216 | $15,900 | 2026-08-14 | — | |
| condos | 4 | 4 | 2,007 | $12,750 | 2026-08-13 | — | |
| condos | 4 | 5 | 1,871 | $11,500 | 2026-08-11 | — | |
| condos | 4 | 6 | 2,694 | $45,000 | 2026-08-10 | — | |
| condos | 4 | 6 | 2,686 | $22,000 | 2026-08-07 | — | |
| condos | 4 | 5 | 2,232 | $12,000 | 2026-07-17 | — | |
| condos | 4 | 6 | 3,189 | $26,800 | 2026-07-16 | — | |
| condos | 4 | 6 | 2,663 | $17,500 | 2026-07-09 | — | |
| condos | 4 | 5 | 2,586 | $23,500 | 2026-07-07 | — | |
| condos | 4 | 4 | 2,201 | $11,500 | 2026-06-09 | — | |
| condos | 4 | 5 | 2,368 | $25,500 | 2026-05-20 | — | |
| condos | 4 | 5 | 2,845 | $19,500 | 2026-08-23 | — | |
| condos | 4 | 5 | 1,871 | $11,000 | 2026-08-25 | — | |
| condos | 4 | 6 | 2,582 | $14,000 | 2026-08-25 | — | |
| condos | 4 | 6 | 2,663 | $19,500 | 2026-04-11 | — | |
| condos | 4 | 4 | 1,977 | $18,000 | 2026-01-27 | — | |
| condos | 4 | 6 | 2,530 | $29,995 | 2026-01-16 | — | |
| condos | 4 | 6 | 3,788 | $29,000 | 2026-01-07 | — | |
| condos | 4 | 4 | 3,179 | $12,000 | 2026-03-17 | — | |
| condos | 4 | 5 | 2,232 | $12,000 | — | — | |
| apartment | 4 | 5 | 3,341 | $21,500 | — | — | |
| condos | 4 | 6 | 3,189 | $23,000 | — | — | |
| condos | 4 | 6 | 2,582 | $20,000 | 2026-02-28 | — | |
| condos | 4 | 5 | 2,648 | $25,000 | — | — | |
| condos | 4 | 5 | 1,871 | $13,500 | 2026-09-02 | — | |
| condos | 4 | 6 | 2,216 | $23,000 | 2026-09-01 | — |
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 |
|---|---|---|---|---|---|---|
| 700 NE 24th St Unit 3201 | condos | 4 | 6 | 2,686 | $2,800,000 | 2026-07-30 |
| 700 NE 24th St Unit 4801 | condos | 4 | 6 | 2,686 | $2,750,000 | 2026-07-14 |
| 700 NE 24th St Unit 4401 | condos | 4 | 6 | 2,663 | $2,550,000 | 2026-06-11 |
| 700 NE 24th St Unit 4802 | condos | 4 | 6 | 3,189 | $3,850,000 | 2026-05-29 |
| 700 NE 26th Ter Unit 4203 | condos | 4 | 6 | 3,788 | $4,000,000 | 2026-05-27 |
| 700 NE 24th St Unit 3801 | condos | 4 | 6 | 2,582 | $2,650,000 | 2026-05-15 |
| 788 NE 23rd St Unit 2001 | condos | 4 | 5 | — | $2,720,000 | 2026-05-08 |
| 700 NE 26th Ter Unit TH403 | condos | 4 | 7 | 4,401 | $4,100,000 | 2026-05-08 |
| 788 NE 23rd St Unit 5502 | condos | 4 | 5 | 3,492 | $4,000,000 | 2026-05-08 |
| 700 NE 24th St Unit 1101 | condos | 4 | 6 | 2,686 | $2,400,000 | 2026-04-14 |
| 788 NE 23rd St Unit 3301 | condos | 4 | 6 | 3,298 | $3,600,000 | 2026-03-26 |
| 700 NE 24th St Unit 2501 | condos | 4 | 6 | 2,686 | $2,575,000 | 2026-03-26 |
| 700 NE 24th St Unit 5207 | condos | 4 | 6 | 2,520 | $3,000,000 | 2026-03-20 |
| 700 NE 26th Ter Unit 3903 | condos | 4 | 6 | 3,796 | $3,900,000 | 2026-03-18 |
| 788 NE 23rd St Unit 1001 | condos | 4 | 5 | 2,743 | $2,800,000 | 2026-03-18 |
| 700 NE 24th St Unit 2301 | condos | 4 | 6 | 2,686 | $2,450,000 | 2026-03-04 |
| 700 NE 24th St Unit 5903 | condos | 4 | 6 | 2,895 | $3,980,000 | 2026-03-03 |
| 700 NE 24th St Unit 2101 | condos | 4 | 6 | 2,686 | $2,475,000 | 2026-02-06 |
| 700 NE 24th St Unit 1401 | condos | 4 | 6 | 2,978 | $2,400,000 | 2026-01-29 |
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 |
|---|---|---|---|---|---|---|
| 725 NE 24th St Unit 301 | condos | 4 | 6 | — | $2,498,900 | — |
| 480 NE 31st St Unit 5104 | condos | 4 | 5 | 2,792 | $3,295,000 | — |
| 456 NE 29th ST | condo | 4 | 4 | 3,063 | $3,554,000 | — |
| 480 NE 31st St Unit 5303 | condos | 4 | 5 | 2,418 | $2,999,990 | — |
| 621 NE 57th St | single_family | 4 | 4 | 2,633 | $2,000,000 | — |
| 700 NE 26th Ter Unit 4403 | condos | 4 | 6 | 3,788 | $4,988,888 | — |
| 725 NE 24th Street Miami, FL 33137 | condo | 4 | 5 | 2,880 | $2,836,900 | — |
| 725 NE 24th Street Miami, FL 33137 | condo | 4 | 5 | 2,978 | $2,742,900 | — |
10-year hold projection
IRR1.4%
Equity multiple1.23x
Total return (10yr)$472,344
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $2,573,970 | $83,187 | -$82,682 | $1,977,524 | $596,446 |
| 2 | $2,651,189 | $86,343 | -$79,818 | $1,954,360 | $696,829 |
| 3 | $2,730,725 | $89,610 | -$76,851 | $1,929,605 | $801,120 |
| 4 | $2,812,647 | $92,993 | -$73,776 | $1,903,150 | $909,497 |
| 5 | $2,897,026 | $96,494 | -$70,590 | $1,874,878 | $1,022,148 |
| 6 | $2,983,937 | $100,117 | -$67,289 | $1,844,665 | $1,139,272 |
| 7 | $3,073,455 | $103,868 | -$63,869 | $1,812,377 | $1,261,078 |
| 8 | $3,165,658 | $107,750 | -$60,326 | $1,777,872 | $1,387,786 |
| 9 | $3,260,628 | $111,768 | -$56,656 | $1,740,997 | $1,519,631 |
| 10 | $3,358,447 | $115,926 | -$52,855 | $1,701,591 | $1,656,856 |
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.