3675 NW 5th St

Miami, FL 33125 · multi_family · For Sale · 154 days on market
Asking price$679,000
3 beds 3 baths 1,970 sqft
Suggested offer$665,345$13,655 above the est. market value of $665,345.
View on Realtor.com →
Listed by Wendy Read P.A. · Keller Williams Capital Realty
Typemulti_family
Built1960
Price / sqft$345
Est. value (own analysis)$665,345
Rent estimate (building total, own analysis)$5,634/mo
HOANone
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-04-01
Removed date
MLSMiamiMLS #A11993074
Coordinates25.77776, -80.25516
Address3675 NW 5th St
CityMiami
StateFL
Zip33125
Listing ID5339867144
Sourceus-real-estate-listings, cached 2026-08-28

ZIP market snapshot (33125)

Typical home value (ZHVI)$466,681
Typical rent (ZORI)$2,360/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)

Purchase price$679,000
Down payment (20.0%)$135,800
Loan amount$543,200
Closing costs (5.0%)$33,950
Total cash to close$169,750
Rent (estimate)$5,634$67,610
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$67,610
Vacancy rate (assumption) assumption8.0%

$67,610 × 8.0% = $5,409

Effective gross income$5,183$62,202
Property tax (placeholder 1.9% of price)$1,075$12,901
Insurance (placeholder 0.8% of price)$453$5,432
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$282$3,381
Total operating expenses$1,809$21,714
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$62,202
Total operating expenses derived$21,714

$62,202 − $21,714 = $40,488

Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing)

Monthly Principal & Interest

Standard amortization on the loan amount, at the effective rate and term

Loan amount derived$543,200
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$543,200 amortized at 6.7% over 30 years = $3,491/mo

CapEx reserve (5.0% of GSR)$282$3,381
Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%)$0$0
Cash flow

Monthly Cash Flow

(NOI − Annual Debt Service − Annual CapEx Reserve − Annual PMI) ÷ 12

NOI derived$40,488
Annual debt service derived$41,889
Annual CapEx reserve assumption$3,381
Annual PMI assumption$0

($40,488 − $41,889 − $3,381 − $0) ÷ 12 = -$398

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$40,488
Purchase price data$679,000

$40,488 ÷ $679,000 = 6.0%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$4,781
Total cash to close derived$169,750

-$4,781 ÷ $169,750 = -2.8%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$40,488
Annual debt service derived$41,889

$40,488 ÷ $41,889 = 0.97

Rent-to-price (1% rule)

Rent-to-Price (the "1% rule")

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$67,610
Purchase price data$679,000

($67,610 ÷ 12) ÷ $679,000 = 0.8%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$679,000
Gross scheduled rent (annual) comp$67,610

$679,000 ÷ $67,610 = 10.0

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$21,714
Effective gross income derived$62,202

$21,714 ÷ $62,202 = 34.9%

Break-even occupancy

Break-Even Occupancy

(Total OpEx + Annual Debt Service + Annual PMI) ÷ Gross Scheduled Rent

Total operating expenses derived$21,714
Annual debt service derived$41,889
Annual PMI assumption$0
Gross scheduled rent (annual) comp$67,610

($21,714 + $41,889 + $0) ÷ $67,610 = 94.1%

Comparables

Same ZIP. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
multi_family331,610$3,750
duplex_triplex311,800$3,5002024-08-14
multi_family32$3,500

3079 NW 11th St Unit 3053

Miami, 33125 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,610
Listed
Days on market

Asking rent: $3,750

View on Zillow →

140 NW 23rd Ave Unit Casa

Miami, 33125 · rent comp

Bedrooms / bathrooms3 bd / 1 ba
Square footage1,800
Listed2024-08-14
Days on market

Asking rent: $3,500

View on Zillow →

15 NW 31st Ave

Miami, 33125 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage
Listed
Days on market

Asking rent: $3,500

View on Zillow →

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
745 NW 32nd Avemulti_family2,187$595,0002026-08-17
460 NW 25th Ctmulti_family421,584$424,0002026-08-12
1874 NW 19th Stmulti_family1,450$515,0002026-08-10
1330 NW 5th Stmulti_family552,690$1,100,0002026-08-07
1040 NW 23rd Ctmulti_family1,758$735,0002026-08-06
119 NW 17th Plmulti_family642,248$900,0002026-07-31
149 NW 17th Plmulti_family1,880$735,0002026-07-16
1953 NW 3rd Stmulti_family642,886$850,0002026-07-15
426 NW 13th Ave Apt 2multi_family843,722$1,283,0002026-07-13
1810 NW 3rd Stmulti_family642,034$799,0002026-07-09
1851 NW 22nd Ctmulti_family441,995$570,0002026-07-07
1800 NW 18th Termulti_family2,636$800,0002026-07-06
6947482638multi_family3,002$680,0002026-06-22
911 NW 22nd Plmulti_family83,244$900,0002026-06-22
1790 NW 19th Stmulti_family1,690$659,0002026-06-12
5911202681multi_family1,821$460,0002026-06-11
836 NW 33rd Avemulti_family4,151$1,350,0002026-06-09
330 NW 23rd Ctmulti_family1,404$575,0002026-06-08
226 NW 16th Avemulti_family512,637$470,0002026-06-03
1229 NW 5th Stmulti_family882,964$1,400,0002026-06-02
1237 NW 5th Stmulti_family852,759$1,400,0002026-06-02
330 NW 25th Avemulti_family1,926$561,2252026-06-02
1397 NW 28th Avemulti_family443,184$900,0002026-06-01
1342 NW 1st Stmulti_family421,950$640,0002026-05-27
1621 NW 16th Stmulti_family3,728$1,400,0002026-05-26
1429 NW 2nd Stmulti_family864,086$1,380,0002026-05-14
2223 NW 3rd Stmulti_family1,521$438,5002026-05-14
1976 NW 25th Avemulti_family4,492$365,0002026-05-12
928 NW 23rd Ctmulti_family321,516$799,0002026-05-11
2151 NW 1st Termulti_family$1,263,5002026-05-06
1801 NW 5th Stmulti_family2,052$700,0002026-05-01
1001 NW 36th Avemulti_family662,688$967,2002026-04-24
2029 NW 5th Stmulti_family512,532$605,0002026-04-21
1716 NW 19th Stmulti_family4,952$1,800,0002026-03-25
1011 NW 33rd Avemulti_family2,876$745,0002026-03-20
601 NW 23rd Ctmulti_family221,294$500,0002026-03-10
1361 NW 6th Stmulti_family431,992$1,413,0002026-03-05
3436 NW 2nd Stmulti_family2,842$700,0002026-03-02
1209 NW 33rd Avemulti_family532,650$675,0002026-02-27
954 NW 34th Avemulti_family442,066$805,0002026-02-26
5362550731multi_family2,524$940,0002026-01-26
1011 NW 27th Ctmulti_family1,773$627,5002026-01-23
1520 NW 1st Stmulti_family1047,238$1,450,0002025-12-31
1971 NW 24th Ctmulti_family622,404$750,0002025-12-22
1027 NW 28th Avemulti_family1,992$825,0002025-12-10
2402 NW 11th Stmulti_family221,141$226,3002025-11-21
3681 NW 14th Stmulti_family321,204$372,0002025-11-18
3281 NW 14th Termulti_family632,473$715,0002025-11-17
1991 NW 32nd Avemulti_family84,541$1,850,0002025-11-14
132 NW 18th Avemulti_family2,126$765,0002025-11-12

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.

AddressTypeBedsBathsSqftAsking priceDays on market
2400 NW 16th Street Rdmulti_family3225,899$8,200,000
2451 NW 11th Stsingle_family321,974$857,500
530 NW 31st Avesingle_family32$729,000
3311 NW 16th Tersingle_family321,440$656,000
2415 NW 15th Stsingle_family33962$599,999
1218 NW 4th Stmulti_family312,640$850,000
801 NW 17th Ctsingle_family331,758$720,000
1798 NW 19th Stsingle_family311,234$450,000

10-year hold projection

IRR9.0%
Equity multiple2.41x
Total return (10yr)$327,425
YearProperty valueNOICash flowLoan balanceEquity
1$699,370$40,488-$4,781$537,310$162,060
2$720,351$41,811-$3,543$531,017$189,335
3$741,962$43,177-$2,264$524,290$217,671
4$764,220$44,586-$943$517,102$247,118
5$787,147$46,041$420$509,421$277,726
6$810,762$47,542$1,828$501,212$309,550
7$835,084$49,091$3,282$492,439$342,646
8$860,137$50,690$4,782$483,063$377,074
9$885,941$52,339$6,331$473,044$412,897
10$912,519$54,042$7,931$462,337$450,182
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.
All figures are estimates for evaluation purposes only, not investment, tax, legal, or insurance advice. Property tax is estimated from a real matched tax bill or millage rate when available, a placeholder % of price otherwise; insurance is scaled by flood and wind risk where those are known and a flat percentage otherwise — never a real quote. Verify all of them, along with association restrictions and permit status, before committing capital. Rent estimates come from real comps or Zillow’s ZIP index, not appraisals.