9283 SW 39th St
Miami, FL 33165 · multi_family · For Sale · 145 days on market
Asking price$724,900
4 beds 2 baths 1,335 sqft
Suggested offer$532,178$192,722 above the est. market value of $532,178.
View on Realtor.com →Listed by JUDITH TAVERAS · Genesis Realty Services Inc.
Typemulti_family
Built1961
Price / sqft$543
Est. value (own analysis)$532,178
Rent estimate (building total, own analysis)$3,458/mo
HOANone
1 / 7
Show every detail
Statusfor_sale
Listed date2026-04-10
Removed date—
MLSMiamiMLS #A11999003
Coordinates25.73405, -80.34540
Address9283 SW 39th St
CityMiami
StateFL
Zip33165
Listing ID5098986909
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 | $724,900 |
| Down payment (20.0%) | $144,980 |
| Loan amount | $579,920 |
| Closing costs (5.0%) | $36,245 |
| Total cash to close | $181,225 |
| Income | |
| Rent (estimate) | $3,458$41,492 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,181$38,172 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,148$13,773 |
| Insurance (placeholder 0.8% of price) | $483$5,799 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $173$2,075 |
| Total operating expenses | $1,804$21,647 |
| 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) | $173$2,075 |
| 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 | — |
| 9007 SW 38th St | multi_family | 4 | 5 | 1,686 | $974,900 | — |
| 9551 SW 49th St | single_family | 4 | 3 | 1,300 | $885,000 | — |
| 9951 SW 41st Ter | single_family | 4 | 4 | — | $1,695,000 | — |
10-year hold projection
IRR-1.2%
Equity multiple0.81x
Total return (10yr)$60,271
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $746,647 | $16,526 | -$30,270 | $573,632 | $173,015 |
| 2 | $769,046 | $17,130 | -$29,718 | $566,913 | $202,133 |
| 3 | $792,118 | $17,754 | -$29,146 | $559,732 | $232,386 |
| 4 | $815,881 | $18,401 | -$28,554 | $552,058 | $263,823 |
| 5 | $840,358 | $19,069 | -$27,941 | $543,857 | $296,500 |
| 6 | $865,569 | $19,761 | -$27,307 | $535,093 | $330,475 |
| 7 | $891,536 | $20,476 | -$26,650 | $525,728 | $365,808 |
| 8 | $918,282 | $21,216 | -$25,971 | $515,718 | $402,563 |
| 9 | $945,830 | $21,981 | -$25,267 | $505,022 | $440,808 |
| 10 | $974,205 | $22,772 | -$24,539 | $493,591 | $480,614 |
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.