4400 NE 1st Ave
Miami, FL 33137 · single_family · For Sale · 168 days on market
Asking price$2,600,000
3 beds 2 baths 3,237 sqft
Listed by Todd Finlay · Douglas Elliman - 1111 Lincoln Road
Typesingle_family
Built1925
Price / sqft$803
Est. value (own analysis)$2,810,939
Rent estimate (own analysis)$8,700/mo
HOANone
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Statusfor_sale
Listed date2026-03-18
Removed date—
MLSMiamiMLS #A11984001
Coordinates25.81645, -80.19379
Address4400 NE 1st Ave
CityMiami
StateFL
Zip33137
Listing ID5152714463
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 | $2,600,000 |
| Down payment (20.0%) | $520,000 |
| Loan amount | $2,080,000 |
| Closing costs (5.0%) | $130,000 |
| Total cash to close | $650,000 |
| Income | |
| Rent (comp-derived) | $8,700$104,400 |
| Vacancy loss (8.0%) | |
| Effective gross income | $8,004$96,048 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $4,117$49,400 |
| Insurance (placeholder 0.8% of price) | $1,733$20,800 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $435$5,220 |
| Total operating expenses | $6,285$75,420 |
| 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) | $435$5,220 |
| 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.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| single_family | 3 | 2 | 2,330 | $7,900 | 2026-06-25 | — | |
| single_family | 3 | 3 | 2,497 | $20,000 | 2026-01-21 | — | |
| single_family | 3 | 2 | 2,189 | $9,500 | — | — | |
| single_family | 3 | 2 | 2,150 | $3,500 | 2026-08-28 | — |
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 |
|---|---|---|---|---|---|---|
| 621 NE 56th St | single_family | 3 | 3 | 1,983 | $2,050,000 | 2026-07-20 |
| 12 NE 50th St | single_family | 3 | 2 | 1,808 | $1,100,000 | 2026-07-10 |
| 31 NE 46th St | single_family | 3 | 4 | 2,006 | $1,650,000 | 2026-07-06 |
| 615 NE 26th Ter | single_family | 3 | 3 | 2,315 | $43,131,000 | 2026-06-16 |
| 601 NE 26th Ter | single_family | 3 | 2 | 1,456 | $43,131,000 | 2026-06-16 |
| 5720 NE Miami Pl | single_family | 3 | 1 | 938 | $390,000 | 2026-06-12 |
| 5955 NE 5th Ave | single_family | 3 | 1 | 1,911 | $2,000,000 | 2026-06-05 |
| 261 NE 47th St | single_family | 3 | 1 | 1,677 | $1,715,000 | 2026-05-29 |
| 85 NE 46th St | single_family | 3 | 2 | 2,240 | $1,250,000 | 2026-05-28 |
| 70 NE 50th St | single_family | 3 | 2 | 2,140 | $1,275,000 | 2026-05-27 |
| 611 NE 52nd Ter | single_family | 3 | 2 | 2,070 | $1,747,500 | 2026-05-26 |
| 177 NE 47th St | single_family | 3 | 2 | 1,596 | $855,000 | 2026-05-25 |
| 5981 NE 6th Ave | single_family | 3 | 2 | 1,708 | $1,200,000 | 2026-05-19 |
| 5225 NE 5th Ave | single_family | 3 | 3 | 2,219 | $3,176,300 | 2026-05-13 |
| 261 NE 43rd St | single_family | 3 | 2 | 1,231 | $1,100,000 | 2026-04-22 |
| 201 NE 48th St | single_family | 3 | 2 | 1,700 | $1,450,000 | 2026-04-09 |
| 137 NE 46th St | single_family | 3 | 2 | 1,800 | $900,000 | 2026-04-06 |
| 677 NE 60th St | single_family | 3 | 3 | 1,285 | $1,335,000 | 2026-03-30 |
| 5917 NE 5th Ave | single_family | 3 | 1 | 1,666 | $1,300,000 | 2026-03-27 |
| 4250 Bay Point Rd | single_family | 3 | 2 | 1,967 | $3,325,000 | 2026-02-18 |
| 430 NE 52nd Ter | single_family | 3 | 2 | 1,862 | $1,460,000 | 2026-02-02 |
| 135 NE 43rd St | single_family | 3 | 1 | 1,333 | $900,000 | 2025-12-31 |
| 146 NE 47th St | single_family | 3 | 2 | 1,831 | $1,590,000 | 2025-12-12 |
| 600 NE 55th Ter | single_family | 3 | 4 | 2,726 | $2,600,000 | 2025-12-11 |
| 5954 NE 5th Ave | single_family | 3 | 2 | 2,613 | $1,850,000 | 2025-12-09 |
| 431 NE 52nd Ter | single_family | 3 | 2 | 1,939 | $1,840,000 | 2025-12-04 |
| 555 NE 52nd St | single_family | 3 | 2 | 2,065 | $1,920,000 | 2025-11-13 |
| 421 NE 53rd St | single_family | 3 | 2 | 1,420 | $1,310,000 | 2025-11-06 |
| 465 NE 52nd St | single_family | 3 | 2 | 1,555 | $1,657,500 | 2025-11-03 |
| 590 NE 52nd Ter | single_family | 3 | 2 | 1,997 | $2,391,000 | 2025-10-23 |
| 4391 Banyan Ln | single_family | 3 | 3 | 2,526 | $2,250,000 | 2025-10-08 |
| 231 NE 45th St | single_family | 3 | 2 | 1,538 | $1,200,000 | 2025-10-03 |
| 5928 NE 5th Ave | single_family | 3 | 2 | 1,808 | $600,000 | 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 |
|---|---|---|---|---|---|---|
| 456 NE 29th St Unit 901 | condos | 3 | 4 | 2,304 | $2,300,000 | — |
| 2000 N Bayshore Dr Apt 702 | condos | 3 | 2 | 1,332 | $590,000 | — |
| 328 NE 57th St | single_family | 3 | 2 | 1,170 | $899,000 | — |
| 600 NE 27th St Ph 2 | condos | 3 | 5 | 2,572 | $2,550,000 | — |
| 700 NE 26th Ter Unit 2202 | condos | 3 | 4 | 2,141 | $2,740,000 | — |
| 46 NE 43rd St | single_family | 3 | 2 | 972 | $1,350,000 | — |
| 788 NE 23rd St Unit 2102 | condos | 3 | 5 | 2,743 | $2,950,000 | — |
| 601 NE 23rd St Apt 1103 | condos | 3 | 2 | 1,320 | $579,000 | — |
10-year hold projection
IRR-5.0%
Equity multiple0.17x
Total return (10yr)-$202,535
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $2,678,000 | $20,628 | -$144,992 | $2,057,448 | $620,552 |
| 2 | $2,758,340 | $21,624 | -$144,126 | $2,033,348 | $724,992 |
| 3 | $2,841,090 | $22,659 | -$143,225 | $2,007,592 | $833,498 |
| 4 | $2,926,323 | $23,735 | -$142,286 | $1,980,068 | $946,255 |
| 5 | $3,014,113 | $24,853 | -$141,308 | $1,950,654 | $1,063,459 |
| 6 | $3,104,536 | $26,015 | -$140,290 | $1,919,220 | $1,185,316 |
| 7 | $3,197,672 | $27,222 | -$139,231 | $1,885,627 | $1,312,045 |
| 8 | $3,293,602 | $28,476 | -$138,128 | $1,849,727 | $1,443,875 |
| 9 | $3,392,410 | $29,779 | -$136,981 | $1,811,362 | $1,581,048 |
| 10 | $3,494,183 | $31,132 | -$135,787 | $1,770,363 | $1,723,820 |
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.