122 SW 56th Ave
Miami, FL 33134 · single_family · Pending — under contract · 112 days on market
Asking price$599,000
2 beds 2 baths 1,156 sqft
Listed by Maria Vina Rodriguez P.A. · BHHS EWM Realty
Typesingle_family
Built1988
Price / sqft$518
Est. value (own analysis)$890,422
Rent estimate (own analysis)$3,650/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeAir2/10MinorFlood1/10minimal$Wildfire1/10Minimal
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Statusfor_sale
Listed date2026-05-13
Removed date—
MLSMiamiMLS #A12017736
Coordinates25.76965, -80.28624
Address122 SW 56th Ave
CityMiami
StateFL
Zip33134
Listing ID5284865762
Sourceus-real-estate-listings, cached 2026-08-30
ZIP market snapshot (33134)
Typical home value (ZHVI)$887,965
Typical rent (ZORI)$3,095/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 | $599,000 |
| Down payment (20.0%) | $119,800 |
| Loan amount | $479,200 |
| Closing costs (5.0%) | $29,950 |
| Total cash to close | $149,750 |
| Income | |
| Rent (comp-derived) | $3,650$43,800 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,358$40,296 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $948$11,381 |
| Insurance (est. scaled by flood & wind risk) | $599$7,188 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $183$2,190 |
| Total operating expenses | $1,730$20,759 |
| 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) | $183$2,190 |
| 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.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| single_family | 2 | 1 | 816 | $3,100 | 2026-08-10 | — | |
| single_family | 2 | 1 | 1,086 | $3,900 | 2026-06-19 | — | |
| single_family | 2 | 3 | 1,000 | $3,900 | — | — | |
| single_family | 2 | 1 | 1,000 | $3,000 | 2025-05-22 | — | |
| single_family | 2 | 1 | 1,223 | $2,175 | 2022-05-02 | — | |
| single_family | 2 | 2 | 1,291 | $5,500 | 2026-06-08 | — | |
| single_family | 2 | 2 | 1,502 | $6,300 | 2026-08-06 | — | |
| single_family | 2 | 2 | 1,400 | $3,400 | — | — | |
| single_family | 2 | 2 | 1,000 | $3,100 | — | — | |
| single_family | 2 | 1 | 896 | $3,900 | 2026-03-30 | — |
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 |
|---|---|---|---|---|---|---|
| 1400 Madrid St | single_family | 2 | 2 | 1,582 | $895,000 | 2026-08-20 |
| 1310 Madrid St | single_family | 2 | 2 | 1,200 | $1,250,000 | 2026-08-13 |
| 434 Mendoza Ave | single_family | 2 | 1 | 1,314 | $890,000 | 2026-08-07 |
| 4355 SW 2nd St | single_family | 2 | 2 | 1,095 | $650,000 | 2026-08-05 |
| 1425 Venetia Ave | single_family | 2 | 2 | 1,466 | $1,300,000 | 2026-08-03 |
| 512 Mendoza Ave | single_family | 2 | 2 | 1,330 | $950,000 | 2026-07-15 |
| 919 Lisbon St | single_family | 2 | 1 | 1,605 | $1,285,000 | 2026-07-14 |
| 4370 SW 11th St | single_family | 2 | 1 | 850 | $725,000 | 2026-06-29 |
| 739 Aledo Ave | single_family | 2 | 1 | 1,492 | $1,675,000 | 2026-06-29 |
| 430 Sarto Ave | single_family | 2 | 2 | 1,423 | $1,100,000 | 2026-06-25 |
| 5117 SW 7th St | single_family | 2 | 1 | 2,057 | $1,195,000 | 2026-06-24 |
| 5561 SW 5th Ter | single_family | 2 | 1 | 1,217 | $539,000 | 2026-06-24 |
| 5280 SW 6th St | single_family | 2 | 1 | 907 | $640,000 | 2026-06-23 |
| 323 Velarde Ave | single_family | 2 | 2 | 1,388 | $1,250,000 | 2026-06-22 |
| 4235 SW 4th St | single_family | 2 | 1 | 1,546 | $820,000 | 2026-06-16 |
| 1247 Anastasia Ave | single_family | 2 | 2 | 2,525 | $2,300,000 | 2026-06-04 |
| 1418 Cordova St | single_family | 2 | 2 | 1,436 | $1,425,000 | 2026-06-01 |
| 3951 SW 2nd Ter | single_family | 2 | 1 | 884 | $725,000 | 2026-05-28 |
| 103 Romano Ave | single_family | 2 | 1 | 1,113 | $610,000 | 2026-05-26 |
| 4220 SW 13th St | single_family | 2 | 1 | 1,161 | $680,000 | 2026-05-20 |
| 4366 SW 5th Ter | single_family | 2 | 2 | 770 | $635,000 | 2026-05-19 |
| 1200 El Rado St | single_family | 2 | 1 | 1,493 | $1,150,000 | 2026-05-13 |
| 5433516977 | single_family | 2 | 2 | 1,824 | $1,715,000 | 2026-05-12 |
| 1225 Tangier St | single_family | 2 | 2 | 1,232 | $1,230,000 | 2026-04-28 |
| 720 Madeira Ave | single_family | 2 | 1 | 2,108 | $3,000,000 | 2026-04-22 |
| 305 Fluvia Ave | single_family | 2 | 1 | 1,442 | $1,325,000 | 2026-04-16 |
| 122 Camilo Ave | single_family | 2 | 1 | 1,610 | $965,000 | 2026-04-09 |
| 4371 SW 4th St | single_family | 2 | 1 | 1,218 | $250,000 | 2026-04-09 |
| 140 SW 48th Ct | single_family | 2 | 1 | 1,078 | $520,000 | 2026-04-01 |
| 4729 SW 4th St | single_family | 2 | 1 | 2,155 | $350,000 | 2026-04-01 |
| 833 Tangier St | single_family | 2 | 1 | 924 | $842,500 | 2026-03-31 |
| 438 Mendoza Ave | single_family | 2 | 2 | 1,545 | $1,100,000 | 2026-03-25 |
| 500 Aragon Ave | single_family | 2 | 2 | 1,345 | $1,300,000 | 2026-03-18 |
| 4230 SW 5th St | single_family | 2 | 1 | 1,926 | $695,000 | 2026-03-16 |
| 1011 Cortez St | single_family | 2 | 1 | 1,158 | $810,000 | 2026-03-06 |
| 740 Majorca Ave | single_family | 2 | 3 | 1,742 | $2,025,000 | 2026-02-23 |
| 605 Navarre Ave | single_family | 2 | 2 | 1,531 | $1,375,000 | 2026-01-30 |
| 1433 Ortega Ave | single_family | 2 | 2 | 1,362 | $975,000 | 2026-01-30 |
| 517 Minorca Ave | single_family | 2 | 1 | 1,622 | $1,475,000 | 2026-01-23 |
| 917 Granada Groves Ct | single_family | 2 | 2 | 1,457 | $1,250,000 | 2026-01-23 |
| 410 Navarre Ave | single_family | 2 | 2 | 1,357 | $1,015,000 | 2026-01-17 |
| 1111 Columbus Blvd | single_family | 2 | 2 | 1,532 | $1,120,000 | 2026-01-16 |
| 1409 Medina Ave | single_family | 2 | 2 | 1,273 | $950,000 | 2026-01-14 |
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 |
|---|---|---|---|---|---|---|
| 4060 SW 6th St | single_family | 2 | 1 | 1,027 | $669,500 | — |
| 3780 SW 27th Ter | single_family | 2 | 2 | 875 | $725,000 | — |
| 215 SW 42nd Ave Apt 401 | condos | 2 | 2 | 996 | $490,000 | — |
| 1715 Douglas Rd Unit 200 | condos | 2 | 2 | 960 | $935,900 | — |
| 1715 Douglas Rd Unit 206 | condos | 2 | 2 | 842 | $861,900 | — |
| 215 SW 42nd Ave Apt 810 | condos | 2 | 2 | 996 | $399,000 | — |
| 4485 SW 7th St | multi_family | 2 | 2 | 1,216 | $780,000 | — |
| 215 SW 42nd Ave Ph 8 | condos | 2 | 2 | 920 | $434,000 | — |
10-year hold projection
IRR1.4%
Equity multiple1.23x
Total return (10yr)$112,647
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $616,970 | $19,537 | -$19,607 | $474,004 | $142,966 |
| 2 | $635,479 | $20,227 | -$18,971 | $468,452 | $167,027 |
| 3 | $654,543 | $20,940 | -$18,314 | $462,518 | $192,025 |
| 4 | $674,180 | $21,677 | -$17,635 | $456,177 | $218,003 |
| 5 | $694,405 | $22,439 | -$16,932 | $449,401 | $245,005 |
| 6 | $715,237 | $23,227 | -$16,204 | $442,159 | $273,079 |
| 7 | $736,694 | $24,041 | -$15,452 | $434,419 | $302,275 |
| 8 | $758,795 | $24,883 | -$14,674 | $426,149 | $332,647 |
| 9 | $781,559 | $25,753 | -$13,869 | $417,310 | $364,249 |
| 10 | $805,006 | $26,652 | -$13,037 | $407,864 | $397,142 |
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.