31 NE 53rd St
Miami, FL 33137 · single_family · For Sale · 15 days on market
Asking price$740,000
6 beds 2 baths 936 sqft
Listed by Rachel Kosmac · Berkshire Hathaway HomeServices Florida Realty
Typesingle_family
Built1935
Price / sqft$791
Est. value (own analysis)$1,212,384
Rent estimate (own analysis)$25,000/mo
HOANone
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⚠ Cap rate of 32.6% is above the 20% sanity ceiling — verify the underlying price, rent, and expense data before trusting this. Cash-on-cash return of 97.5% is above the 50% sanity ceiling for a standard buy-and-hold — verify inputs before trusting this.
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Statusfor_sale
Listed date2026-08-18
Removed date—
MLSMiamiMLS #A12069155
Coordinates25.82484, -80.19526
Address31 NE 53rd St
CityMiami
StateFL
Zip33137
Listing ID5113920617
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 | $740,000 |
| Down payment (20.0%) | $148,000 |
| Loan amount | $592,000 |
| Closing costs (5.0%) | $37,000 |
| Total cash to close | $185,000 |
| Income | |
| Rent (comp-derived) | $25,000$300,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $23,000$276,000 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,172$14,060 |
| Insurance (placeholder 0.8% of price) | $493$5,920 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $1,250$15,000 |
| Total operating expenses | $2,915$34,980 |
| 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) | $1,250$15,000 |
| 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 |
|---|---|---|---|---|---|---|---|
| single_family | 6 | 4 | 3,500 | $17,000 | 2026-08-13 | — | |
| single_family | 6 | 5 | 3,462 | $16,500 | 2026-08-07 | — | |
| single_family | 6 | 4 | 2,763 | $6,500 | 2026-08-18 | — | |
| single_family | 6 | 7 | 5,712 | $65,000 | 2026-07-01 | — | |
| single_family | 6 | 3 | 1,854 | $5,300 | 2026-08-26 | — | |
| single_family | 6 | 5 | 4,432 | $29,500 | 2026-06-17 | — | |
| single_family | 6 | 7 | 3,603 | $26,000 | 2026-05-07 | — | |
| single_family | 6 | 7 | 5,125 | $14,000 | 2026-04-27 | — | |
| single_family | 6 | 8 | 5,568 | $58,500 | 2026-04-15 | — | |
| single_family | 6 | 7 | 5,697 | $25,000 | 2024-03-30 | — | |
| single_family | 6 | 5 | 3,446 | $30,000 | 2023-02-13 | — | |
| single_family | 6 | 5 | 4,200 | $17,000 | 2026-03-31 | — | |
| single_family | 6 | 6 | 5,324 | $30,000 | 2025-10-07 | — |
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 |
|---|---|---|---|---|---|---|
| 790 Lake Rd | single_family | 6 | 8 | 6,361 | $27,250,000 | 2026-07-03 |
| 549 NE 59th St | single_family | 6 | 5 | 4,748 | $6,150,000 | 2026-04-01 |
| 5193408872 | single_family | 6 | 4 | 2,343 | $1,230,000 | 2025-09-29 |
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 |
|---|---|---|---|---|---|---|
| 3131 NE 7th Ave Unit 4901 | condos | 6 | 7 | 4,549 | $6,000,000 | — |
| 650 NE 32nd St Unit BH2 | condos | 6 | 8 | 6,676 | $4,599,000 | — |
| 770 Lake Rd | single_family | 6 | 7 | 5,421 | $29,500,000 | — |
| 55-53 NE 60th St | multi_family | 6 | 6 | 2,884 | $2,000,000 | — |
| 525 NE 58th St | single_family | 6 | 3 | 3,476 | $3,500,000 | — |
| 4241 Palm Ln | single_family | 6 | 7 | 6,334 | $26,000,000 | — |
| 52 NE 47th St | multi_family | 6 | 5 | 2,578 | $2,000,000 | — |
10-year hold projection
IRR101.4%
Equity multiple13.94x
Total return (10yr)$2,490,189
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $762,200 | $241,020 | $180,368 | $585,581 | $176,619 |
| 2 | $785,066 | $248,426 | $187,398 | $578,722 | $206,344 |
| 3 | $808,618 | $256,058 | $194,646 | $571,392 | $237,226 |
| 4 | $832,877 | $263,923 | $202,117 | $563,558 | $269,319 |
| 5 | $857,863 | $272,029 | $209,820 | $555,186 | $302,677 |
| 6 | $883,599 | $280,383 | $217,760 | $546,240 | $337,359 |
| 7 | $910,107 | $288,992 | $225,945 | $536,679 | $373,428 |
| 8 | $937,410 | $297,865 | $234,382 | $526,461 | $410,949 |
| 9 | $965,532 | $307,009 | $243,081 | $515,542 | $449,990 |
| 10 | $994,498 | $316,432 | $252,047 | $503,873 | $490,625 |
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.