502 and 510 Sw 27th Ave
Miami, FL 33135 · multi_family · For Sale · 92 days on market
Asking price$5,750,000
6 beds 6 baths 3,826 sqft
Suggested offer$1,463,395$4,286,605 above the est. market value of $1,463,395.
View on Realtor.com →Listed by Haraum Mellado · RE/MAX Advance Realty II
Typemulti_family
Built1940
Price / sqft$1503
Est. value (own analysis)$1,463,395
Rent estimate (building total, own analysis)$11,642/mo
HOANone
1 / 5
Show every detail
Statusfor_sale
Listed date2026-06-02
Removed date—
MLSMiamiMLS #A12029566
Coordinates25.76753, -80.23926
Address502 and 510 Sw 27th Ave
CityMiami
StateFL
Zip33135
Listing ID5214653577
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 | $5,750,000 |
| Down payment (20.0%) | $1,150,000 |
| Loan amount | $4,600,000 |
| Closing costs (5.0%) | $287,500 |
| Total cash to close | $1,437,500 |
| Income | |
| Rent (estimate) | $11,642$139,705 |
| Vacancy loss (8.0%) | |
| Effective gross income | $10,711$128,528 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $9,104$109,250 |
| Insurance (placeholder 0.8% of price) | $3,833$46,000 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $582$6,985 |
| Total operating expenses | $13,520$162,235 |
| 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) | $582$6,985 |
| 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 |
|---|---|---|---|---|---|---|
| 244 SW 36th Ave | multi_family | 6 | 3 | 1,847 | $639,000 | — |
| 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 | — |
10-year hold projection
IRR-8.5%
Equity multiple-0.43x
Total return (10yr)-$1,307,416
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $5,922,500 | -$33,707 | -$395,422 | $4,550,126 | $1,372,374 |
| 2 | $6,100,175 | -$33,907 | -$395,797 | $4,496,827 | $1,603,348 |
| 3 | $6,283,180 | -$34,093 | -$396,162 | $4,439,867 | $1,843,313 |
| 4 | $6,471,676 | -$34,263 | -$396,516 | $4,378,997 | $2,092,679 |
| 5 | $6,665,826 | -$34,418 | -$396,858 | $4,313,946 | $2,351,880 |
| 6 | $6,865,801 | -$34,555 | -$397,188 | $4,244,428 | $2,621,373 |
| 7 | $7,071,775 | -$34,674 | -$397,505 | $4,170,136 | $2,901,638 |
| 8 | $7,283,928 | -$34,773 | -$397,807 | $4,090,743 | $3,193,185 |
| 9 | $7,502,446 | -$34,852 | -$398,093 | $4,005,897 | $3,496,548 |
| 10 | $7,727,519 | -$34,909 | -$398,363 | $3,915,226 | $3,812,294 |
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.