234 Washington Ave Unit A
Miami Beach, FL 33139 · townhomes · For Sale · 12 days on market
Asking price$3,500,000
3 beds 3 baths 2,463 sqft
Suggested offer$471,015$3,028,985 above the est. market value of $471,015.
View on Realtor.com →Listed by Joanna Jimenez · Compass Florida, LLC.
Typetownhomes
Built2019
Price / sqft$1421
Est. value (Zillow ZIP avg)$471,015
Rent estimate (own analysis)$6,425/mo
HOA$2,664/mo
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Statusfor_sale
Listed date2026-08-21
Removed date—
MLSMiamiMLS #A12075304
Coordinates25.77186, -80.13500
Address234 Washington Ave Unit A
CityMiami Beach
StateFL
Zip33139
Listing ID5229620513
Sourceus-real-estate-listings, cached 2026-08-30
ZIP market snapshot (33139)
Typical home value (ZHVI)$471,015
Typical rent (ZORI)$2,928/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 | $3,500,000 |
| Down payment (20.0%) | $700,000 |
| Loan amount | $2,800,000 |
| Closing costs (5.0%) | $175,000 |
| Total cash to close | $875,000 |
| Income | |
| Rent (comp-derived) | $6,425$77,100 |
| Vacancy loss (8.0%) | |
| Effective gross income | $5,911$70,932 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $5,542$66,500 |
| Insurance (placeholder 0.8% of price) | $2,333$28,000 |
| HOA dues | $2,664$31,968 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $321$3,855 |
| Total operating expenses | $10,860$130,323 |
| 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) | $321$3,855 |
| 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 |
|---|---|---|---|---|---|---|---|
| townhomes | 3 | 3 | 1,632 | $4,900 | 2026-07-20 | — | |
| townhomes | 3 | 3 | 1,632 | $4,750 | 2026-06-29 | — | |
| townhomes | 3 | 4 | 2,250 | $7,950 | 2026-07-13 | — | |
| townhomes | 3 | 4 | 2,454 | $9,800 | 2026-06-22 | — | |
| townhomes | 3 | 4 | 2,934 | $9,700 | 2026-05-27 | — | |
| townhomes | 3 | 3 | 1,632 | $4,000 | — | — |
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.
No recent recorded sales cached yet for this ZIP.
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 |
|---|---|---|---|---|---|---|
| 1000 Venetian Way Apt 403 | condos | 3 | 3 | 2,445 | $2,250,000 | — |
| 1000 Venetian Way Apt 1902 | condos | 3 | 3 | 2,010 | $2,100,000 | — |
| 109 1st Dilido Ter | single_family | 3 | 4 | 2,481 | $4,450,000 | — |
| 1324 Lenox Ave | single_family | 3 | 2 | 1,804 | $1,600,000 | — |
| 288 Palm Ave | single_family | 3 | 3 | 2,022 | $4,250,000 | — |
| single_family | 3 | 4 | 3,029 | $13,000,000 | — | |
| 1800 Sunset Harbour Dr Unit 1212 | condos | 3 | 3 | 1,900 | $2,225,000 | — |
| 1853 Jefferson Ave Apt 6 | townhomes | 3 | 4 | 1,430 | $995,000 | — |
10-year hold projection
IRR-11.2%
Equity multiple-0.93x
Total return (10yr)-$1,228,792
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $3,605,000 | -$59,391 | -$279,169 | $2,769,642 | $835,358 |
| 2 | $3,713,150 | -$60,521 | -$280,395 | $2,737,199 | $975,951 |
| 3 | $3,824,545 | -$61,669 | -$281,642 | $2,702,528 | $1,122,016 |
| 4 | $3,939,281 | -$62,834 | -$282,908 | $2,665,476 | $1,273,804 |
| 5 | $4,057,459 | -$64,018 | -$284,195 | $2,625,880 | $1,431,579 |
| 6 | $4,179,183 | -$65,219 | -$285,503 | $2,583,565 | $1,595,618 |
| 7 | $4,304,559 | -$66,438 | -$286,831 | $2,538,344 | $1,766,214 |
| 8 | $4,433,695 | -$67,676 | -$288,181 | $2,490,018 | $1,943,677 |
| 9 | $4,566,706 | -$68,931 | -$289,551 | $2,438,373 | $2,128,333 |
| 10 | $4,703,707 | -$70,205 | -$290,942 | $2,383,182 | $2,320,526 |
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.