2373 NW 33rd St

Miami, FL 33142 · multi_family · For Sale · 118 days on market
Asking price$695,000
18 beds 9 baths 2,390 sqft
View on Realtor.com →
Listed by Elina Lopez · Elimar Realty Inc
Typemulti_family
Built1971
Price / sqft$291
Est. value (own analysis)$778,734
Rent estimate (building total, own analysis)$5,999/mo
HOANone
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Neighborhood

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Statusfor_sale
Listed date2026-05-07
Removed date
MLSStellarMLS #TB8506493
Coordinates25.80672, -80.23551
Address2373 NW 33rd St
CityMiami
StateFL
Zip33142
Listing ID5204320669
Sourceus-real-estate-listings, cached 2026-08-31

ZIP market snapshot (33142)

Typical home value (ZHVI)$430,103
Typical rent (ZORI)$2,350/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$695,000
Down payment (20.0%)$139,000
Loan amount$556,000
Closing costs (5.0%)$34,750
Total cash to close$173,750
Rent (estimate)$5,999$71,987
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$71,987
Vacancy rate (assumption) assumption8.0%

$71,987 × 8.0% = $5,759

Effective gross income$5,519$66,228
Property tax (placeholder 1.9% of price)$1,100$13,205
Insurance (placeholder 0.8% of price)$463$5,560
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$300$3,599
Total operating expenses$1,864$22,364
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$66,228
Total operating expenses derived$22,364

$66,228 − $22,364 = $43,864

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$556,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$556,000 amortized at 6.7% over 30 years = $3,573/mo

CapEx reserve (5.0% of GSR)$300$3,599
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$43,864
Annual debt service derived$42,876
Annual CapEx reserve assumption$3,599
Annual PMI assumption$0

($43,864 − $42,876 − $3,599 − $0) ÷ 12 = -$218

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$43,864
Purchase price data$695,000

$43,864 ÷ $695,000 = 6.3%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$2,612
Total cash to close derived$173,750

-$2,612 ÷ $173,750 = -1.5%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$43,864
Annual debt service derived$42,876

$43,864 ÷ $42,876 = 1.02

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$71,987
Purchase price data$695,000

($71,987 ÷ 12) ÷ $695,000 = 0.9%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$695,000
Gross scheduled rent (annual) comp$71,987

$695,000 ÷ $71,987 = 9.7

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$22,364
Effective gross income derived$66,228

$22,364 ÷ $66,228 = 33.8%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$22,364
Annual debt service derived$42,876
Annual PMI assumption$0
Gross scheduled rent (annual) comp$71,987

($22,364 + $42,876 + $0) ÷ $71,987 = 90.6%

Comparables

Same ZIP. Real active rental listings, used to derive the rent estimate above.

No active rental listings cached yet for this bedroom count.

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
1924 NW 27th Stmulti_family2,899$1,050,0002026-08-17
1784 NW 31st Stmulti_family0$1,350,0002026-08-13
4201 NW 17th Avemulti_family333,607$365,0002026-08-07
1411 NW 29th Stmulti_family411,580$400,0002026-08-06
1319 NW 60th St Apt 4multi_family1485,728$1,275,0002026-08-04
1786 NW 53rd Stmulti_family22936$450,0002026-07-31
1247 NW 28th Stmulti_family642,316$591,0002026-07-31
3010-3012 NW 26th Stmulti_family1,431$540,0002026-07-30
3346 NW 34th Stmulti_family421,968$530,0002026-07-15
2729-2731 NW 44 Stmulti_family2,358$780,0002026-07-11
3710 NW 23rd Ctmulti_family221,148$355,0002026-07-01
1376 NW 35th Stmulti_family3,386$1,500,0002026-07-01
5171-5173 NW 19th Avemulti_family1,592$514,0002026-06-30
1262 1264 Nw 46th Stmulti_family1,674$450,0002026-06-24
1498 NW 58th Stmulti_family421,500$312,5002026-06-24
1355-1357 NW 42nd Stmulti_family3,530$1,120,0002026-06-08
2009 NW 34th Stmulti_family2,034$400,0002026-06-05
2340 NW 23rd Ctmulti_family321,436$690,0002026-06-02
1404 1406 Nw 60th Stmulti_family1,533$440,0002026-05-14
2521 NW 13th Avemulti_family422,095$480,0002026-05-13
2110 NW 34th Stmulti_family2,295$650,0002026-05-08
1877 NW 42nd Stmulti_family312,134$450,0002026-05-06
1533 NW 53rd Stmulti_family1,500$585,0002026-04-29
2512 NW 13th Avemulti_family621,764$580,0002026-04-21
2336 NW 60th Stmulti_family411,448$360,0002026-04-16
1542 NW 35th Stmulti_family3,036$1,150,0002026-04-16
4719 NW 32nd Avemulti_family1,239$450,0002026-04-13
3001 NW 22nd Ctmulti_family531,855$630,0002026-04-10
3300 NW 31st Avemulti_family421,580$265,0002026-04-09
1875 NW 43rd Stmulti_family1,698$520,0002026-04-08
2967 NW 30th Stmulti_family532,916$520,0002026-04-07
1331 NW 58th Termulti_family22840$530,0002026-04-02
2160 NW 23rd Ctmulti_family1,955$690,0002026-04-01
9596861224multi_family531,855$630,0002026-03-27
5821 NW 30th Avemulti_family$791,0002026-03-25
1240 NW 38th Stmulti_family22928$445,0002026-03-20
2490 NW 44th Stmulti_family441,998$750,0002026-03-12
3011 NW 14th Avemulti_family531,866$620,0002026-03-12
2126 NW 47th Termulti_family1,560$580,0002026-03-10
2238 NW 34th Stmulti_family1,271$435,0002026-03-04
1809 NW 47th Termulti_family311,512$295,0002026-03-03
3815 NW 13th Avemulti_family2,150$760,0002026-02-26
2917 NW 23rd Avemulti_family1,850$625,0002026-02-23
2035 NW 34th Stmulti_family412,106$760,0002026-02-09
4024 NW 23rd Ctmulti_family863,720$800,0002026-02-09
4816 NW 21st Avemulti_family1,532$375,0002026-02-06
2974 NW 28th Stmulti_family3,380$775,0002026-02-02
4001 NW 15th Avemulti_family421,450$590,0002026-01-29
2180 NW 59th Stmulti_family621,988$555,0002026-01-26
5020 NW 14th Avemulti_family1,500$520,0002026-01-23

Widened to city-wide. 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
440 SW 5th Avemulti_family181812,825$3,700,000

10-year hold projection

IRR10.0%
Equity multiple2.56x
Total return (10yr)$361,377
YearProperty valueNOICash flowLoan balanceEquity
1$715,850$43,864-$2,612$549,972$165,878
2$737,326$45,291-$1,274$543,529$193,796
3$759,445$46,765$107$536,645$222,801
4$782,229$48,285$1,533$529,287$252,941
5$805,695$49,854$3,005$521,424$284,271
6$829,866$51,473$4,525$513,022$316,845
7$854,762$53,144$6,094$504,042$350,720
8$880,405$54,868$7,713$494,446$385,959
9$906,817$56,647$9,385$484,190$422,627
10$934,022$58,482$11,111$473,231$460,791
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.