9360 SW 37th St
Miami, FL 33165 · multi_family · For Sale · 23 days on market
Asking price$950,000
4 beds 4 baths 1,553 sqft
Suggested offer$619,081$330,919 above the est. market value of $619,081.
View on Realtor.com →Listed by Keith Gordon · ADDvantage Real Estate Services
Typemulti_family
Built1950
Price / sqft$612
Est. value (own analysis)$619,081
Rent estimate (building total, own analysis)$4,022/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood2/10minor$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-08-10
Removed date—
MLSBeachesMLS #B26062234
Coordinates25.73528, -80.34696
Address9360 SW 37th St
CityMiami
StateFL
Zip33165
Listing ID5102788035
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 | $950,000 |
| Down payment (20.0%) | $190,000 |
| Loan amount | $760,000 |
| Closing costs (5.0%) | $47,500 |
| Total cash to close | $237,500 |
| Income | |
| Rent (estimate) | $4,022$48,267 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,700$44,406 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,504$18,050 |
| Insurance (est. scaled by flood & wind risk) | $950$11,400 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $201$2,413 |
| Total operating expenses | $2,655$31,863 |
| 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) | $201$2,413 |
| 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-3.7%
Equity multiple0.39x
Total return (10yr)-$21,171
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $978,500 | $12,543 | -$48,478 | $751,760 | $226,740 |
| 2 | $1,007,855 | $13,078 | -$48,003 | $742,954 | $264,901 |
| 3 | $1,038,091 | $13,634 | -$47,509 | $733,543 | $304,547 |
| 4 | $1,069,233 | $14,210 | -$46,996 | $723,487 | $345,747 |
| 5 | $1,101,310 | $14,808 | -$46,463 | $712,739 | $388,571 |
| 6 | $1,134,350 | $15,428 | -$45,910 | $701,254 | $433,096 |
| 7 | $1,168,380 | $16,071 | -$45,335 | $688,980 | $479,401 |
| 8 | $1,203,432 | $16,738 | -$44,738 | $675,862 | $527,569 |
| 9 | $1,239,535 | $17,430 | -$44,118 | $661,845 | $577,690 |
| 10 | $1,276,721 | $18,147 | -$43,475 | $646,864 | $629,856 |
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.