1636 SW 9th St
Miami, FL 33135 · single_family · For Sale · 42 days on market
Asking price$1,899,000
5 beds 5 baths 2,638 sqft
Suggested offer$1,399,380$499,620 above the est. market value of $1,399,380.
View on Realtor.com →Listed by Albert Garcia · Miami Luxury Properties
Typesingle_family
Built1924
Price / sqft$720
Est. value (own analysis)$1,399,380
Rent estimate (own analysis)$9,250/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeAir2/10MinorFlood1/10minimal$Wildfire1/10Minimal
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Statusfor_sale
Listed date2026-07-22
Removed date—
MLSMiamiMLS #A12051445
Coordinates25.76463, -80.22128
Address1636 SW 9th St
CityMiami
StateFL
Zip33135
Listing ID5184236345
Sourceus-real-estate-listings, cached 2026-08-30
ZIP market snapshot (33135)
Typical home value (ZHVI)$531,790
Typical rent (ZORI)$2,051/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 | $1,899,000 |
| Down payment (20.0%) | $379,800 |
| Loan amount | $1,519,200 |
| Closing costs (5.0%) | $94,950 |
| Total cash to close | $474,750 |
| Income | |
| Rent (comp-derived) | $9,250$111,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $8,510$102,120 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $3,007$36,081 |
| Insurance (est. scaled by flood & wind risk) | $1,899$22,788 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $463$5,550 |
| Total operating expenses | $5,368$64,419 |
| 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) | $463$5,550 |
| 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 | 5 | 3 | 1,986 | $12,900 | 2026-08-20 | — | |
| single_family | 5 | 3 | 3,002 | $12,000 | 2026-08-19 | — | |
| single_family | 5 | 3 | 3,050 | $5,999 | 2026-08-18 | — | |
| single_family | 5 | 4 | 2,452 | $21,000 | 2026-08-17 | — | |
| single_family | 5 | 3 | 2,176 | $9,000 | 2026-08-13 | — | |
| single_family | 5 | 4 | 2,368 | $16,000 | 2026-08-12 | — | |
| single_family | 5 | 3 | 2,009 | $5,600 | 2026-08-06 | — | |
| single_family | 5 | 4 | 2,323 | $5,700 | 2026-08-06 | — | |
| single_family | 5 | 3 | 2,592 | $14,000 | 2026-07-27 | — | |
| single_family | 5 | 3 | 3,558 | $10,800 | 2026-07-25 | — | |
| single_family | 5 | 3 | 2,781 | $14,500 | 2026-07-18 | — | |
| single_family | 5 | 8 | 2,326 | $8,200 | 2026-07-13 | — | |
| single_family | 5 | 2 | 1,729 | $3,950 | 2026-07-10 | — | |
| single_family | 5 | 4 | 1,986 | $6,500 | 2026-07-08 | — | |
| single_family | 5 | 3 | 3,174 | $7,995 | 2026-07-06 | — | |
| single_family | 5 | 4 | 3,200 | $17,500 | 2026-07-01 | — | |
| single_family | 5 | 5 | 3,010 | $14,300 | 2026-06-26 | — | |
| single_family | 5 | 2 | 2,597 | $13,500 | 2026-06-25 | — | |
| single_family | 5 | 2 | 1,747 | $3,600 | 2026-06-24 | — | |
| single_family | 5 | 4 | 3,029 | $24,500 | 2026-06-17 | — | |
| single_family | 5 | 4 | 3,114 | $16,000 | 2026-06-17 | — | |
| single_family | 5 | 4 | 3,518 | $13,950 | 2026-06-17 | — | |
| single_family | 5 | 4 | 2,092 | $9,500 | 2026-06-16 | — | |
| single_family | 5 | 3 | 2,091 | $6,999 | 2026-05-11 | — | |
| single_family | 5 | 3 | 2,369 | $4,250 | 2023-04-07 | — | |
| single_family | 5 | 3 | 1,940 | $18,000 | 2026-08-25 | — | |
| single_family | 5 | 3 | 2,189 | $12,000 | 2026-04-02 | — | |
| single_family | 5 | 4 | 2,150 | $8,500 | 2025-11-25 | — | |
| single_family | 5 | 2 | 1,974 | $5,000 | — | — | |
| single_family | 5 | 3 | 2,719 | $4,750 | — | — | |
| single_family | 5 | 4 | 3,160 | $21,000 | 2026-08-27 | — | |
| single_family | 5 | 4 | 2,470 | $7,500 | — | — | |
| single_family | 5 | 3 | 1,752 | $5,800 | — | — | |
| single_family | 5 | 3 | 2,442 | $6,500 | 2026-08-30 | — | |
| single_family | 5 | 2 | 1,898 | $5,700 | 2026-08-31 | — | |
| single_family | 5 | 4 | 2,194 | $12,500 | 2026-09-01 | — |
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 |
|---|---|---|---|---|---|---|
| 960 SW 13th Ct | single_family | 5 | 3 | 2,068 | $685,000 | 2026-04-15 |
| 901 SW 19th Ave | single_family | 5 | 3 | 2,646 | $735,000 | 2026-03-19 |
| 1513 SW 11th Ter | single_family | 5 | 5 | 3,013 | $2,075,000 | 2025-12-30 |
| 1819 SW 11th Ter | single_family | 5 | 6 | 2,887 | $1,825,000 | 2025-12-16 |
| 1816 SW 11th Ter | single_family | 5 | 3 | 2,160 | $1,100,000 | 2025-12-09 |
| 1801 SW 12th St | single_family | 5 | 4 | 3,444 | $1,900,000 | 2025-10-30 |
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 |
|---|---|---|---|---|---|---|
| 1200 SW 31st Ave | multi_family | 5 | 3 | 2,079 | $1,125,000 | — |
| 2033 SW 5th St | multi_family | 5 | 3 | 2,148 | $550,000 | — |
| 2239 SW 10th St | single_family | 5 | 4 | 1,870 | $999,800 | — |
| 2360 SW 2nd St | single_family | 5 | 3 | 1,669 | $749,900 | — |
| 2134 SW 11th St | multi_family | 5 | 5 | 1,840 | $1,499,999 | — |
| 2431 SW 4th St | single_family | 5 | 6 | 3,678 | $1,300,000 | — |
| multi_family | 5 | 3 | 2,288 | $749,000 | — | |
| 301 SW 36th Ave | single_family | 5 | 3 | 925 | $750,000 | — |
10-year hold projection
IRR-2.0%
Equity multiple0.68x
Total return (10yr)$94,519
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,955,970 | $37,701 | -$85,002 | $1,502,728 | $453,242 |
| 2 | $2,014,649 | $39,154 | -$83,688 | $1,485,126 | $529,523 |
| 3 | $2,075,089 | $40,659 | -$82,326 | $1,466,314 | $608,774 |
| 4 | $2,137,341 | $42,217 | -$80,913 | $1,446,211 | $691,130 |
| 5 | $2,201,461 | $43,830 | -$79,449 | $1,424,727 | $776,734 |
| 6 | $2,267,505 | $45,501 | -$77,932 | $1,401,768 | $865,737 |
| 7 | $2,335,530 | $47,230 | -$76,359 | $1,377,233 | $958,298 |
| 8 | $2,405,596 | $49,021 | -$74,730 | $1,351,012 | $1,054,584 |
| 9 | $2,477,764 | $50,874 | -$73,041 | $1,322,991 | $1,154,773 |
| 10 | $2,552,097 | $52,793 | -$71,292 | $1,293,045 | $1,259,052 |
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.