901 NW 34th Ave

Miami, FL 33125 · multi_family · For Sale · 1 days on market
Asking price$849,999
5 beds 3 baths 2,487 sqft
Suggested offer$633,481$216,518 above the est. market value of $633,481.
View on Realtor.com →
Listed by Jhon Salazar PA · Real Estate Craft, LLC.
Typemulti_family
Built1979
Price / sqft$342
Est. value (own analysis)$633,481
Rent estimate (building total, own analysis)$7,113/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood5/10major$Air2/10MinorWildfire1/10Minimal
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Neighborhood

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Statusfor_sale
Listed date2026-09-01
Removed date
MLSMiamiMLS #A11949624
Coordinates25.78120, -80.25092
Address901 NW 34th Ave
CityMiami
StateFL
Zip33125
Listing ID5136343311
Sourceus-real-estate-listings, cached 2026-09-02

ZIP market snapshot (33125)

Typical home value (ZHVI)$466,681
Typical rent (ZORI)$2,360/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)

Purchase price$849,999
Down payment (20.0%)$170,000
Loan amount$679,999
Closing costs (5.0%)$42,500
Total cash to close$212,500
Rent (estimate)$7,113$85,354
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$85,354
Vacancy rate (assumption) assumption8.0%

$85,354 × 8.0% = $6,828

Effective gross income$6,544$78,526
Property tax (placeholder 1.9% of price)$1,346$16,150
Insurance (est. scaled by flood & wind risk)$992$11,900
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$356$4,268
Total operating expenses$2,693$32,318
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$78,526
Total operating expenses derived$32,318

$78,526 − $32,318 = $46,208

Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing)

Monthly Principal & Interest

Standard amortization on the loan amount, at the effective rate and term

Loan amount derived$679,999
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$679,999 amortized at 6.7% over 30 years = $4,370/mo

CapEx reserve (5.0% of GSR)$356$4,268
Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%)$0$0
Cash flow

Monthly Cash Flow

(NOI − Annual Debt Service − Annual CapEx Reserve − Annual PMI) ÷ 12

NOI derived$46,208
Annual debt service derived$52,438
Annual CapEx reserve assumption$4,268
Annual PMI assumption$0

($46,208 − $52,438 − $4,268 − $0) ÷ 12 = -$875

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$46,208
Purchase price data$849,999

$46,208 ÷ $849,999 = 5.4%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$10,498
Total cash to close derived$212,500

-$10,498 ÷ $212,500 = -4.9%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$46,208
Annual debt service derived$52,438

$46,208 ÷ $52,438 = 0.88

Rent-to-price (1% rule)

Rent-to-Price (the "1% rule")

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$85,354
Purchase price data$849,999

($85,354 ÷ 12) ÷ $849,999 = 0.8%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$849,999
Gross scheduled rent (annual) comp$85,354

$849,999 ÷ $85,354 = 10.0

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$32,318
Effective gross income derived$78,526

$32,318 ÷ $78,526 = 41.2%

Break-even occupancy

Break-Even Occupancy

(Total OpEx + Annual Debt Service + Annual PMI) ÷ Gross Scheduled Rent

Total operating expenses derived$32,318
Annual debt service derived$52,438
Annual PMI assumption$0
Gross scheduled rent (annual) comp$85,354

($32,318 + $52,438 + $0) ÷ $85,354 = 99.3%

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
1330 NW 5th Stmulti_family552,690$1,100,0002026-08-07
226 NW 16th Avemulti_family512,637$470,0002026-06-03
2029 NW 5th Stmulti_family512,532$605,0002026-04-21
1209 NW 33rd Avemulti_family532,650$675,0002026-02-27
1120 NW 32nd Ctmulti_family532,346$850,0002025-08-29

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.

AddressTypeBedsBathsSqftAsking priceDays on market
1130-1132 NW 34th Avemulti_family541,824$739,900
1845 NW 16th Stmulti_family532,871$640,000
935 NW 22nd Ctmulti_family531,758$769,000
2930 NW 12th Stmulti_family532,189$839,000
2160 NW 18th Termulti_family542,552$1,180,000
1055 NW 32nd Ctmulti_family542,287$1,199,000
1052 NW 25th Avemulti_family531,950$699,000
single_family531,675$1,244,000

10-year hold projection

IRR7.4%
Equity multiple2.17x
Total return (10yr)$359,501
YearProperty valueNOICash flowLoan balanceEquity
1$875,499$46,208-$10,498$672,626$202,872
2$901,764$47,756-$9,057$664,747$237,016
3$928,817$49,354-$7,568$656,327$272,489
4$956,681$51,004-$6,030$647,329$309,352
5$985,382$52,709-$4,441$637,713$347,669
6$1,014,943$54,468-$2,799$627,436$387,507
7$1,045,392$56,285-$1,103$616,454$428,938
8$1,076,753$58,161$650$604,718$472,036
9$1,109,056$60,098$2,460$592,175$516,881
10$1,142,328$62,098$4,330$578,771$563,556
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.
All figures are estimates for evaluation purposes only, not investment, tax, legal, or insurance advice. Property tax is estimated from a real matched tax bill or millage rate when available, a placeholder % of price otherwise; insurance is scaled by flood and wind risk where those are known and a flat percentage otherwise — never a real quote. Verify all of them, along with association restrictions and permit status, before committing capital. Rent estimates come from real comps or Zillow’s ZIP index, not appraisals.