2835 NW 22nd Ave
Miami, FL 33142 · multi_family · For Sale · 66 days on market
Asking price$1,149,000
8 beds 4 baths 4,421 sqft
Suggested offer$1,068,158$80,842 above the est. market value of $1,068,158.
View on Realtor.com →Listed by Sidle Roldan · Rolar Realty Group, LLC.
Typemulti_family
Built1969
Price / sqft$260
Est. value (own analysis)$1,068,158
Rent estimate (building total, own analysis)$11,097/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood6/10major$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-06-28
Removed date—
MLSMiamiMLS #A12044289
Coordinates25.80254, -80.23145
Address2835 NW 22nd Ave
CityMiami
StateFL
Zip33142
Listing ID5099312367
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33142)
Typical home value (ZHVI)$430,103
Typical rent (ZORI)$2,350/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 | $1,149,000 |
| Down payment (20.0%) | $229,800 |
| Loan amount | $919,200 |
| Closing costs (5.0%) | $57,450 |
| Total cash to close | $287,250 |
| Income | |
| Rent (estimate) | $11,097$133,161 |
| Vacancy loss (8.0%) | |
| Effective gross income | $10,209$122,508 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,819$21,831 |
| Insurance (est. scaled by flood & wind risk) | $1,341$16,086 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $555$6,658 |
| Total operating expenses | $3,715$44,575 |
| 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) | $555$6,658 |
| 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.
No active rental listings cached yet for this bedroom count.
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 |
|---|---|---|---|---|---|---|
| 4024 NW 23rd Ct | multi_family | 8 | 6 | 3,720 | $800,000 | 2026-02-09 |
| 2515 NW 52nd St Apt 1 | multi_family | 8 | 4 | 3,151 | $845,000 | 2025-12-19 |
| 1202 NW 61st St Apt 4 | multi_family | 8 | 4 | 3,824 | $731,250 | 2025-12-16 |
| 1920 NW 29th St | multi_family | 8 | 8 | 4,490 | $5,375,000 | 2025-12-03 |
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 |
|---|---|---|---|---|---|---|
| 1629 NW 40th St | multi_family | 8 | 6 | — | $969,900 | — |
| 1627 NW 40th St | single_family | 8 | 6 | — | $969,900 | — |
| 3527 NW 34th St | multi_family | 8 | 4 | 1,818 | $770,000 | — |
| 1286 NW 59th St | multi_family | 8 | 4 | 3,596 | $1,080,000 | — |
| 3165 NW 61st St | multi_family | 8 | 6 | 2,894 | $950,000 | — |
| 2986 NW 26th St | multi_family | 8 | 6 | 3,768 | $1,200,000 | — |
| 1565 NW 47th St | multi_family | 8 | 4 | 2,245 | $995,000 | — |
| 1220 and 1222 NW 30th St | multi_family | 8 | 4 | 3,456 | $1,450,000 | — |
10-year hold projection
IRR11.3%
Equity multiple2.75x
Total return (10yr)$653,582
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,183,470 | $77,933 | $390 | $909,234 | $274,236 |
| 2 | $1,218,974 | $80,494 | $2,785 | $898,583 | $320,391 |
| 3 | $1,255,543 | $83,137 | $5,257 | $887,201 | $368,342 |
| 4 | $1,293,210 | $85,865 | $7,811 | $875,038 | $418,172 |
| 5 | $1,332,006 | $88,681 | $10,447 | $862,039 | $469,967 |
| 6 | $1,371,966 | $91,587 | $13,170 | $848,147 | $523,819 |
| 7 | $1,413,125 | $94,587 | $15,982 | $833,302 | $579,823 |
| 8 | $1,455,519 | $97,683 | $18,885 | $817,437 | $638,082 |
| 9 | $1,499,184 | $100,879 | $21,882 | $800,482 | $698,702 |
| 10 | $1,544,160 | $104,177 | $24,977 | $782,364 | $761,796 |
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.