2247 Simms St
Hollywood, FL 33020 · multi_family · For Sale · 79 days on market
Asking price$1,295,000
1 beds 1 baths 3,164 sqft
Suggested offer$1,092,941$202,059 above the est. market value of $1,092,941.
View on Realtor.com →Listed by Elior Levi · Fausto Commercial Realty Consultants Inc
Typemulti_family
Built1956
Price / sqft$409
Est. value (own analysis)$1,092,941
Rent estimate (building total, own analysis)$8,669/mo
HOANone
1 / 21
Show every detail
Statusfor_sale
Listed date2026-06-16
Removed date—
MLSMiamiMLS #A12033892
Coordinates26.03655, -80.15332
Address2247 Simms St
CityHollywood
StateFL
Zip33020
Listing ID5309792337
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33020)
Median sale price$489,000
Median days on market (sale)94
Active sale listings625
Median rent$2,000/mo
Median days on market (rent)33
Active rental listings1144
Real ZIP-wide statistics from RentCast, as of 2026-09 (fetched 2026-09-03) — this is the whole ZIP's market, not specific to this property. Re-analyzing spends one of the account's 50 free monthly lookups. Our own log shows at least 6 of the 50 free monthly RentCast requests used — that only counts calls made through this app, so it can undercount. RentCast's own account dashboard has the real total.
Re-analyze ZIP 33020 (≥6 of 50 per our log)Underwriting (buy-and-hold, default assumptions)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $1,295,000 |
| Down payment (20.0%) | $259,000 |
| Loan amount | $1,036,000 |
| Closing costs (5.0%) | $64,750 |
| Total cash to close | $323,750 |
| Income | |
| Rent (estimate) | $8,669$104,032 |
| Vacancy loss (8.0%) | |
| Effective gross income | $7,976$95,710 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,050$24,605 |
| Insurance (placeholder 0.8% of price) | $863$10,360 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $433$5,202 |
| Total operating expenses | $3,347$40,167 |
| 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) | $433$5,202 |
| 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 |
|---|---|---|---|---|---|---|---|
| duplex_triplex | 1 | 1 | — | $4,050 | 2026-07-16 | — |
Widened to any bedroom count in ZIP. 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 |
|---|---|---|---|---|---|---|
| 2419-2421 Johnson St Units 2419 & 2421 | multi_family | 5 | 4 | 2,287 | $590,000 | 2026-08-19 |
| 1633 Tyler St # 1-2 | multi_family | — | 0 | 2,400 | $1,230,000 | 2026-08-10 |
| 2140 Monroe St | multi_family | — | 0 | 9,054 | $2,300,000 | 2026-08-10 |
| 1936 Washington St # N | multi_family | — | 0 | 1,940 | $690,000 | 2026-08-07 |
| 1807 N 17th Ave # 1-4 | multi_family | 5 | 4 | 2,733 | $950,000 | 2026-08-06 |
| 1116 S 17th Ave | multi_family | 5 | 5 | 2,688 | $720,000 | 2026-07-17 |
| 316 N 28th Ave | multi_family | — | — | 3,266 | $575,000 | 2026-07-01 |
| 1618 Harding St | multi_family | 3 | 3 | 1,716 | $475,000 | 2026-06-25 |
| 2242 Taylor St | multi_family | 2 | 3 | 1,500 | $520,000 | 2026-06-15 |
| 2030 Taylor St | multi_family | — | — | 1,370 | $1,150 | 2026-06-01 |
| 1400 N 17th Ave | multi_family | 22 | 26 | 12,752 | $4,362,500 | 2026-05-29 |
| 2306 Simms St # 1-2 | multi_family | 4 | 2 | 1,500 | $470,000 | 2026-05-27 |
| 2440 Hayes St | multi_family | — | — | 3,450 | $799,000 | 2026-05-25 |
| 2306 Simms St | multi_family | — | — | 1,536 | $470,000 | 2026-05-21 |
| 1956 Madison St | multi_family | — | — | 1,593 | $568,000 | 2026-05-12 |
| 1512 Harrison St # 1-9 | multi_family | — | 0 | 5,374 | $1,018,700 | 2026-05-11 |
| 1929 Roosevelt St # 1-5 | multi_family | 7 | 4 | 3,237 | $1,650,000 | 2026-05-07 |
| 1323 N Federal Hwy | multi_family | 9 | 8 | 4,829 | $1,200,000 | 2026-04-21 |
| 611 S 24th Ave | multi_family | 3 | 6 | 496 | $1,245,000 | 2026-04-20 |
| 2226 Taylor St | multi_family | 4 | 4 | 2,030 | $573,000 | 2026-04-13 |
| 2235 Coolidge St | multi_family | 2 | 2 | 1,612 | $585,000 | 2026-04-08 |
| 2535 Lincoln St | multi_family | 5 | — | 3,200 | $990,000 | 2026-04-01 |
| 2463 Pierce St | multi_family | 2 | 2 | 1,423 | $965,000 | 2026-03-25 |
| 2459 Pierce St | multi_family | — | — | 2,960 | $965,000 | 2026-03-20 |
| 2516 Cleveland St | multi_family | 3 | 1 | 1,517 | $608,000 | 2026-03-18 |
| 2314 Polk St | multi_family | — | 0 | 1,050 | $2,900,000 | 2026-03-16 |
| 2314 Polk St | multi_family | — | — | 7,632 | $2,900,000 | 2026-03-12 |
| 2229-31 Farragut St | multi_family | — | — | 1,320 | $460,000 | 2026-03-11 |
| 2516 Cleveland St | multi_family | — | — | 2,113 | $608,000 | 2026-03-10 |
| 2020 Washington St Apt 1 | multi_family | 8 | 8 | 4,095 | $1,720,000 | 2026-02-26 |
| 1310 N 24th Ave | multi_family | — | — | 1,718 | $550,000 | 2026-02-26 |
| 1640 McKinley St | multi_family | 2 | 1 | 8,203 | $2,925,000 | 2026-02-20 |
| 1640 McKinley St | multi_family | — | — | 8,203 | $2,925,000 | 2026-02-20 |
| 1700 Hayes St | multi_family | 3 | 3 | 1,740 | $2,700,000 | 2026-02-19 |
| 1018 N 17th Ave | multi_family | 7 | 4 | 3,950 | $2,700,000 | 2026-02-19 |
| 1014 N 17th Ave | multi_family | 2 | 2 | 1,518 | $2,700,000 | 2026-02-19 |
| 1828 Plunkett St | multi_family | — | — | 5,017 | $540,000 | 2026-02-09 |
| 1960 Rodman St # 1-10 | multi_family | — | 0 | 2,535 | $572,000 | 2026-02-06 |
| 2100 N 14th Ave | multi_family | — | — | 1,784 | $660,000 | 2026-01-21 |
| 1909-1911 Mayo St | multi_family | — | — | 1,676 | $590,000 | 2026-01-20 |
| 1923 Roosevelt St | multi_family | — | — | 3,733 | $620,000 | 2026-01-19 |
| 1114 N 17th Ct | multi_family | — | 0 | 1,854 | $575,000 | 2026-01-15 |
| 2245 Sheridan St | multi_family | — | 0 | 1,500 | $505,000 | 2026-01-01 |
| 1621 Van Buren St | multi_family | — | 10 | 4,622 | $2,100,000 | 2025-12-23 |
| 1931 Pierce St # 1-3 | multi_family | 3 | 2 | 2,850 | $862,500 | 2025-12-22 |
| 1505 Washington St | multi_family | 12 | 12 | 3,692 | $2,265,000 | 2025-12-19 |
| 1621 Van Buren St | multi_family | — | — | 5,058 | $2,100,000 | 2025-12-18 |
| 1629 Mayo St # 1-2 | multi_family | — | 0 | 1,351 | $465,000 | 2025-12-04 |
| 2114 Roosevelt St | multi_family | — | 0 | 1,626 | $500,000 | 2025-11-06 |
| 2435 Wilson St | multi_family | — | — | 1,111 | $485,000 | 2025-10-28 |
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 |
|---|---|---|---|---|---|---|
| 2145 Pierce St Apt 116 | condos | 1 | 1 | 510 | $15,000 | — |
| 1425 Arthur St Unit 103A | condos | 1 | 2 | 597 | $90,000 | — |
| 1425 Arthur St Unit 202A | condos | 1 | 2 | 597 | $99,999 | — |
| 2145 Pierce St Apt 326 | condos | 1 | 1 | 510 | $84,900 | — |
| 2516 Hayes St Apt 10 | condos | 1 | 1 | 468 | $89,000 | — |
| 2300 Jackson St Apt 10 | condos | 1 | 1 | 600 | $105,000 | — |
| 1501 Arthur St Apt 7 | condos | 1 | 1 | 825 | $110,000 | — |
| 1720 Harrison St Apt 14H | condos | 1 | 1 | 848 | $249,000 | — |
10-year hold projection
IRR4.3%
Equity multiple1.68x
Total return (10yr)$389,608
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,333,850 | $55,543 | -$29,550 | $1,024,768 | $309,082 |
| 2 | $1,373,866 | $57,410 | -$27,813 | $1,012,764 | $361,102 |
| 3 | $1,415,081 | $59,338 | -$26,018 | $999,936 | $415,146 |
| 4 | $1,457,534 | $61,330 | -$24,163 | $986,226 | $471,307 |
| 5 | $1,501,260 | $63,386 | -$22,247 | $971,576 | $529,684 |
| 6 | $1,546,298 | $65,509 | -$20,268 | $955,919 | $590,378 |
| 7 | $1,592,687 | $67,701 | -$18,222 | $939,188 | $653,499 |
| 8 | $1,640,467 | $69,965 | -$16,109 | $921,307 | $719,160 |
| 9 | $1,689,681 | $72,303 | -$13,926 | $902,198 | $787,483 |
| 10 | $1,740,372 | $74,717 | -$11,671 | $881,778 | $858,594 |
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.