← Back to results

1024 SW 13th Ct

Miami, FL 33135 · multi_family · For Sale · 48 days on market
Asking price$1,300,000
— beds — baths 2,903 sqft
Suggested offer$1,013,873$286,127 above the est. market value of $1,013,873.
View on Realtor.com →
Listed by Salesperson Non Member · Non-Mls Member
Typemulti_family
Built1979
Price / sqft$448
Est. value (own analysis)$1,013,873
Rent estimate (building total, own analysis)$8,833/mo
HOANone
Photo 1 of 1024 SW 13th CtPhoto 2 of 1024 SW 13th CtPhoto 3 of 1024 SW 13th CtPhoto 4 of 1024 SW 13th CtPhoto 5 of 1024 SW 13th CtPhoto 6 of 1024 SW 13th CtPhoto 7 of 1024 SW 13th CtPhoto 8 of 1024 SW 13th CtPhoto 9 of 1024 SW 13th CtPhoto 10 of 1024 SW 13th CtPhoto 11 of 1024 SW 13th CtPhoto 12 of 1024 SW 13th CtPhoto 13 of 1024 SW 13th CtPhoto 14 of 1024 SW 13th CtPhoto 15 of 1024 SW 13th CtPhoto 16 of 1024 SW 13th CtPhoto 17 of 1024 SW 13th CtPhoto 18 of 1024 SW 13th CtPhoto 19 of 1024 SW 13th CtPhoto 20 of 1024 SW 13th CtPhoto 21 of 1024 SW 13th CtPhoto 22 of 1024 SW 13th CtPhoto 23 of 1024 SW 13th CtPhoto 24 of 1024 SW 13th CtPhoto 25 of 1024 SW 13th CtPhoto 26 of 1024 SW 13th CtPhoto 27 of 1024 SW 13th CtPhoto 28 of 1024 SW 13th CtPhoto 29 of 1024 SW 13th CtPhoto 30 of 1024 SW 13th CtPhoto 31 of 1024 SW 13th CtPhoto 32 of 1024 SW 13th CtPhoto 33 of 1024 SW 13th CtPhoto 34 of 1024 SW 13th CtPhoto 35 of 1024 SW 13th CtPhoto 36 of 1024 SW 13th CtPhoto 37 of 1024 SW 13th CtPhoto 38 of 1024 SW 13th CtPhoto 39 of 1024 SW 13th CtPhoto 40 of 1024 SW 13th CtPhoto 41 of 1024 SW 13th CtPhoto 42 of 1024 SW 13th CtPhoto 43 of 1024 SW 13th CtPhoto 44 of 1024 SW 13th CtPhoto 45 of 1024 SW 13th CtPhoto 46 of 1024 SW 13th CtPhoto 47 of 1024 SW 13th Ct
1 / 47
Photo 1 of 1024 SW 13th CtPhoto 2 of 1024 SW 13th CtPhoto 3 of 1024 SW 13th CtPhoto 4 of 1024 SW 13th CtPhoto 5 of 1024 SW 13th CtPhoto 6 of 1024 SW 13th CtPhoto 7 of 1024 SW 13th CtPhoto 8 of 1024 SW 13th CtPhoto 9 of 1024 SW 13th CtPhoto 10 of 1024 SW 13th CtPhoto 11 of 1024 SW 13th CtPhoto 12 of 1024 SW 13th CtPhoto 13 of 1024 SW 13th CtPhoto 14 of 1024 SW 13th CtPhoto 15 of 1024 SW 13th CtPhoto 16 of 1024 SW 13th CtPhoto 17 of 1024 SW 13th CtPhoto 18 of 1024 SW 13th CtPhoto 19 of 1024 SW 13th CtPhoto 20 of 1024 SW 13th CtPhoto 21 of 1024 SW 13th CtPhoto 22 of 1024 SW 13th CtPhoto 23 of 1024 SW 13th CtPhoto 24 of 1024 SW 13th CtPhoto 25 of 1024 SW 13th CtPhoto 26 of 1024 SW 13th CtPhoto 27 of 1024 SW 13th CtPhoto 28 of 1024 SW 13th CtPhoto 29 of 1024 SW 13th CtPhoto 30 of 1024 SW 13th CtPhoto 31 of 1024 SW 13th CtPhoto 32 of 1024 SW 13th CtPhoto 33 of 1024 SW 13th CtPhoto 34 of 1024 SW 13th CtPhoto 35 of 1024 SW 13th CtPhoto 36 of 1024 SW 13th CtPhoto 37 of 1024 SW 13th CtPhoto 38 of 1024 SW 13th CtPhoto 39 of 1024 SW 13th CtPhoto 40 of 1024 SW 13th CtPhoto 41 of 1024 SW 13th CtPhoto 42 of 1024 SW 13th CtPhoto 43 of 1024 SW 13th CtPhoto 44 of 1024 SW 13th CtPhoto 45 of 1024 SW 13th CtPhoto 46 of 1024 SW 13th CtPhoto 47 of 1024 SW 13th Ct
1 / 47
Street view
View full map & nearby schools →

Neighborhood

Show every detail
Statusfor_sale
Listed date2026-07-16
Removed date—
MLSMiamiMLS #A12054767
Coordinates25.76377, -80.21775
Address1024 SW 13th Ct
CityMiami
StateFL
Zip33135
Listing ID5402789725
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$1,300,000
Down payment (20.0%)$260,000
Loan amount$1,040,000
Closing costs (5.0%)$65,000
Total cash to close$325,000
Income
Rent (estimate)$8,833$106,002
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$106,002
Vacancy rate (assumption) assumption8.0%

$106,002 × 8.0% = $8,480

Effective gross income$8,127$97,522
Operating expenses
Property tax (placeholder 1.9% of price)$2,058$24,700
Insurance (placeholder 0.8% of price)$867$10,400
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$442$5,300
Total operating expenses$3,367$40,400
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$97,522
Total operating expenses derived$40,400

$97,522 − $40,400 = $57,121

Debt service & reserves
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$1,040,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$1,040,000 amortized at 6.7% over 30 years = $6,683/mo

CapEx reserve (5.0% of GSR)$442$5,300
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$57,121
Annual debt service derived$80,200
Annual CapEx reserve assumption$5,300
Annual PMI assumption$0

($57,121 − $80,200 − $5,300 − $0) ÷ 12 = -$2,365

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$57,121
Purchase price data$1,300,000

$57,121 ÷ $1,300,000 = 4.4%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$28,378
Total cash to close derived$325,000

-$28,378 ÷ $325,000 = -8.7%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$57,121
Annual debt service derived$80,200

$57,121 ÷ $80,200 = 0.71

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$106,002
Purchase price data$1,300,000

($106,002 ÷ 12) ÷ $1,300,000 = 0.7%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$1,300,000
Gross scheduled rent (annual) comp$106,002

$1,300,000 ÷ $106,002 = 12.3

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$40,400
Effective gross income derived$97,522

$40,400 ÷ $97,522 = 41.4%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$40,400
Annual debt service derived$80,200
Annual PMI assumption$0
Gross scheduled rent (annual) comp$106,002

($40,400 + $80,200 + $0) ÷ $106,002 = 113.8%

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
1200 SW 31st Avemulti_family——2,079$1,050,0002026-08-31
3501 SW 12th Stmulti_family——2,430$930,0002026-08-28
3431-3433 SW 4th Stmulti_family——3,429$1,150,0002026-08-28
3230 SW 4th Stmulti_family——4,135$1,130,0002026-08-10
700 SW 33rd Avemulti_family522,648$1,355,0002026-08-03
333 SW 30th Avemulti_family——2,231$730,0002026-08-03
2416 SW 12th Stmulti_family422,588$867,5002026-07-31
240 Beacom Blvdmulti_family422,540$500,0002026-07-29
2600 SW 2nd Stmulti_family——2,625$700,0002026-07-27
1233 SW 13th Avemulti_family665,136$1,555,0002026-07-22
1487 SW 4th Stmulti_family884,480$2,000,0002026-07-21
2722 SW 5th Stmulti_family441,952$870,0002026-07-09
2930 SW 11th Stmulti_family441,986$882,0002026-07-02
3300-3302 SW 10th Stmulti_family——3,282$844,0002026-06-30
120 SW 20th Avemulti_family662,304$881,2502026-06-26
3270 SW 7th Stmulti_family——2,752$960,0002026-06-18
1232 SW 30th Plmulti_family——1,344$738,0002026-06-15
710 SW 33rd Avemulti_family——2,982$1,355,0002026-06-15
414 SW 15th Avemulti_family———$1,200,0002026-06-11
1212-1214 SW 30th Ctmulti_family——1,623$775,0002026-05-29
900 SW 22nd Avemulti_family421,832$650,0002026-05-22
1293 SW 22nd Avemulti_family532,025$1,140,0002026-05-19
200 SW 20th Avemulti_family641,990$666,0002026-05-19
2101 SW 6th Stmulti_family843,250$975,0002026-05-13
901 SW 34th Avemulti_family——1,392$580,0002026-05-05
2222 SW 2nd Stmulti_family532,769$550,0002026-04-27
2915 SW 4th Stmulti_family——2,320$875,0002026-04-15
1721 SW 11th Termulti_family844,461$1,520,0002026-04-02
635 SW 19th Avemulti_family553,419$855,0002026-04-01
1666-1668 SW 9th Stmulti_family——2,212$980,0002026-03-25
1334 SW 4th Stmulti_family——2,651$725,0002026-03-24
950 SW 13th Ctmulti_family——2,068$738,0002026-03-19
327 SW 13th Avemulti_family——3,381$1,100,0002026-03-16
1345 SW 3rd Stmulti_family1264,548$1,650,0002026-02-24
1632 SW 7th Stmulti_family652,793$5,550,0002026-01-23
1642 SW 7th Stmulti_family883,180$5,550,0002026-01-23
1558 SW 3rd Stmulti_family1044,414$754,4252026-01-07
2472 SW 10th Stmulti_family763,782$3,040,0002026-01-06
312 SW 32nd Avemulti_family——2,960$950,0002025-12-22
1554 SW 5th Stmulti_family———$2,287,5002025-12-18
1640 SW 4th Stmulti_family552,395$4,250,0002025-12-18
415 SW 32nd Avemulti_family885,682$2,682,4002025-12-01
417 SW 32nd Ave Apt 4multi_family885,682$2,682,4002025-12-01
2737 SW 2nd Stmulti_family885,188$1,600,0002025-12-01
3340 SW 7th Stmulti_family——2,549$840,0002025-11-30
1475 SW 7th Stmulti_family843,638$1,150,0002025-11-26
831 SW 14th Avemulti_family——3,356$820,0002025-11-21
1678 SW 11th Stmulti_family——4,900$1,200,0002025-11-18
2916-2918 SW 3rd Stmulti_family——2,388$835,0002025-11-12
2500 SW 11th Stmulti_family——2,550$875,0002025-11-12

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.

No other cached listings nearby for this bedroom count yet.

10-year hold projection

IRR4.5%
Equity multiple1.73x
Total return (10yr)$405,890
YearProperty valueNOICash flowLoan balanceEquity
1$1,339,000$57,121-$28,378$1,028,724$310,276
2$1,379,170$59,037-$26,595$1,016,674$362,496
3$1,420,545$61,015-$24,753$1,003,796$416,749
4$1,463,161$63,058-$22,850$990,034$473,127
5$1,507,056$65,167-$20,883$975,327$531,729
6$1,552,268$67,345-$18,851$959,610$592,658
7$1,598,836$69,594-$16,752$942,813$656,023
8$1,646,801$71,916-$14,584$924,864$721,937
9$1,696,205$74,314-$12,344$905,681$790,524
10$1,747,091$76,789-$10,030$885,181$861,910
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.