244 SW 36th Ave
Miami, FL 33135 · multi_family · For Sale · 114 days on market
Asking price$639,000
6 beds 3 baths 1,847 sqft
Listed by Javier Fano Villaescusa · Legacy Realty Partners, LLC.
Typemulti_family
Built1925
Price / sqft$346
Est. value (own analysis)$706,453
Rent estimate (building total, own analysis)$5,620/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeAir2/10MinorFlood1/10minimal$Wildfire1/10Minimal
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Statusfor_sale
Listed date2026-05-11
Removed date—
MLSMiamiMLS #A12016616
Coordinates25.76935, -80.25351
Address244 SW 36th Ave
CityMiami
StateFL
Zip33135
Listing ID5212753014
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 | $639,000 |
| Down payment (20.0%) | $127,800 |
| Loan amount | $511,200 |
| Closing costs (5.0%) | $31,950 |
| Total cash to close | $159,750 |
| Income | |
| Rent (estimate) | $5,620$67,442 |
| Vacancy loss (8.0%) | |
| Effective gross income | $5,171$62,047 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,012$12,141 |
| Insurance (est. scaled by flood & wind risk) | $639$7,668 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $281$3,372 |
| Total operating expenses | $1,932$23,181 |
| 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) | $281$3,372 |
| 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.
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.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 1233 SW 13th Ave | multi_family | 6 | 6 | 5,136 | $1,555,000 | 2026-07-22 |
| 120 SW 20th Ave | multi_family | 6 | 6 | 2,304 | $881,250 | 2026-06-26 |
| 200 SW 20th Ave | multi_family | 6 | 4 | 1,990 | $666,000 | 2026-05-19 |
| 1632 SW 7th St | multi_family | 6 | 5 | 2,793 | $5,550,000 | 2026-01-23 |
| 1145 SW 20th Ave | multi_family | 6 | 1 | 2,336 | $1,360,100 | 2025-10-20 |
| 1805 SW 4th St | multi_family | 6 | 3 | 1,743 | $760,000 | 2025-10-14 |
| 1416 SW 6th St | multi_family | 6 | 4 | 3,321 | $800,000 | 2025-09-26 |
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 |
|---|---|---|---|---|---|---|
| 2247 SW 9th St | multi_family | 6 | 4 | 2,100 | $1,379,000 | — |
| 1801 SW 10th St | single_family | 6 | 3 | 3,994 | $1,475,000 | — |
| 1644 SW 9th St | single_family | 6 | 4 | 2,078 | $1,395,000 | — |
| 620 SW 13th Ave | multi_family | 6 | 4 | 1,980 | $1,500,000 | — |
| 244 SW 14th Ave | multi_family | 6 | 3 | 1,938 | $1,150,000 | — |
| 2204 SW 11th Ter | single_family | 6 | 5 | 3,668 | $1,550,000 | — |
| 3438 SW 2nd St | multi_family | 6 | 4 | 3,095 | $1,100,000 | — |
| 2818 SW 2nd St | multi_family | 6 | 4 | 2,262 | $899,000 | — |
10-year hold projection
IRR9.3%
Equity multiple2.45x
Total return (10yr)$315,461
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $658,170 | $38,866 | -$3,928 | $505,657 | $152,513 |
| 2 | $677,915 | $40,148 | -$2,730 | $499,734 | $178,181 |
| 3 | $698,253 | $41,471 | -$1,493 | $493,404 | $204,848 |
| 4 | $719,200 | $42,837 | -$216 | $486,640 | $232,560 |
| 5 | $740,776 | $44,247 | $1,103 | $479,411 | $261,366 |
| 6 | $762,999 | $45,702 | $2,466 | $471,685 | $291,314 |
| 7 | $785,889 | $47,204 | $3,872 | $463,429 | $322,461 |
| 8 | $809,466 | $48,755 | $5,325 | $454,606 | $354,860 |
| 9 | $833,750 | $50,355 | $6,825 | $445,177 | $388,573 |
| 10 | $858,763 | $52,007 | $8,374 | $435,100 | $423,662 |
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.