2134 SW 11th St
Miami, FL 33135 · multi_family · For Sale · 68 days on market
Asking price$1,499,999
5 beds 5 baths 1,840 sqft
Suggested offer$802,774$697,225 above the est. market value of $802,774.
View on Realtor.com →Listed by Javier Cobo · LPT Realty
Typemulti_family
Built1926
Price / sqft$815
Est. value (own analysis)$802,774
Rent estimate (building total, own analysis)$5,599/mo
HOANone
1 / 40
Show every detail
Statusfor_sale
Listed date2026-06-26
Removed date—
MLSMiamiMLS #A12043808
Coordinates25.76244, -80.22936
Address2134 SW 11th St
CityMiami
StateFL
Zip33135
Listing ID5246911393
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 | $1,499,999 |
| Down payment (20.0%) | $300,000 |
| Loan amount | $1,199,999 |
| Closing costs (5.0%) | $75,000 |
| Total cash to close | $375,000 |
| Income | |
| Rent (estimate) | $5,599$67,187 |
| Vacancy loss (8.0%) | |
| Effective gross income | $5,151$61,812 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,375$28,500 |
| Insurance (placeholder 0.8% of price) | $1,000$12,000 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $280$3,359 |
| Total operating expenses | $3,655$43,859 |
| 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) | $280$3,359 |
| 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 |
|---|---|---|---|---|---|---|
| 700 SW 33rd Ave | multi_family | 5 | 2 | 2,648 | $1,355,000 | 2026-08-03 |
| 1293 SW 22nd Ave | multi_family | 5 | 3 | 2,025 | $1,140,000 | 2026-05-19 |
| 2222 SW 2nd St | multi_family | 5 | 3 | 2,769 | $550,000 | 2026-04-27 |
| 635 SW 19th Ave | multi_family | 5 | 5 | 3,419 | $855,000 | 2026-04-01 |
| 1640 SW 4th St | multi_family | 5 | 5 | 2,395 | $4,250,000 | 2025-12-18 |
| 3421 SW 4th St | multi_family | 5 | 3 | 2,390 | $862,500 | 2025-09-29 |
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 | — |
| 1636 SW 9th St | single_family | 5 | 5 | 2,638 | $1,899,000 | — |
| 2239 SW 10th St | single_family | 5 | 4 | 1,870 | $999,800 | — |
| 2360 SW 2nd St | single_family | 5 | 3 | 1,669 | $749,900 | — |
| 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-4.0%
Equity multiple0.34x
Total return (10yr)-$51,277
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,544,999 | $17,952 | -$77,945 | $1,186,989 | $358,010 |
| 2 | $1,591,349 | $18,710 | -$77,271 | $1,173,084 | $418,265 |
| 3 | $1,639,089 | $19,496 | -$76,571 | $1,158,225 | $480,864 |
| 4 | $1,688,262 | $20,312 | -$75,844 | $1,142,346 | $545,916 |
| 5 | $1,738,910 | $21,157 | -$75,089 | $1,125,376 | $613,534 |
| 6 | $1,791,077 | $22,034 | -$74,305 | $1,107,241 | $683,836 |
| 7 | $1,844,810 | $22,943 | -$73,491 | $1,087,861 | $756,949 |
| 8 | $1,900,154 | $23,886 | -$72,646 | $1,067,149 | $833,004 |
| 9 | $1,957,158 | $24,863 | -$71,768 | $1,045,016 | $912,143 |
| 10 | $2,015,873 | $25,876 | -$70,858 | $1,021,362 | $994,511 |
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.