2900 SW 4th St
Miami, FL 33135 · multi_family · For Sale · 204 days on market
Asking price$975,000
4 beds 4 baths 1,897 sqft
Suggested offer$673,062$301,938 above the est. market value of $673,062.
View on Realtor.com →Listed by Roberta Ingletto · RGI Realty
Typemulti_family
Built1925
Price / sqft$514
Est. value (own analysis)$673,062
Rent estimate (building total, own analysis)$5,772/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeAir2/10MinorFlood1/10minimal$Wildfire1/10Minimal
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Statusfor_sale
Listed date2026-02-10
Removed date—
MLSMiamiMLS #A11962645
Coordinates25.76809, -80.24115
Address2900 SW 4th St
CityMiami
StateFL
Zip33135
Listing ID5415319305
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 | $975,000 |
| Down payment (20.0%) | $195,000 |
| Loan amount | $780,000 |
| Closing costs (5.0%) | $48,750 |
| Total cash to close | $243,750 |
| Income | |
| Rent (estimate) | $5,772$69,268 |
| Vacancy loss (8.0%) | |
| Effective gross income | $5,311$63,727 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,544$18,525 |
| Insurance (est. scaled by flood & wind risk) | $975$11,700 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $289$3,463 |
| Total operating expenses | $2,807$33,688 |
| 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) | $289$3,463 |
| 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
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| multi_family | 4 | 2 | 1,686 | $3,400 | 2026-08-24 | — |
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 |
|---|---|---|---|---|---|---|
| 2416 SW 12th St | multi_family | 4 | 2 | 2,588 | $867,500 | 2026-07-31 |
| 240 Beacom Blvd | multi_family | 4 | 2 | 2,540 | $500,000 | 2026-07-29 |
| 2722 SW 5th St | multi_family | 4 | 4 | 1,952 | $870,000 | 2026-07-09 |
| 2930 SW 11th St | multi_family | 4 | 4 | 1,986 | $882,000 | 2026-07-02 |
| 900 SW 22nd Ave | multi_family | 4 | 2 | 1,832 | $650,000 | 2026-05-22 |
| 1860 SW 12th St | multi_family | 4 | 2 | 2,695 | $1,800,000 | 2025-10-17 |
| 428 SW 13th Ave | multi_family | 4 | 4 | 3,120 | $897,200 | 2025-10-16 |
| 436 SW 13th Ave | multi_family | 4 | 4 | 3,750 | $825,675 | 2025-10-16 |
| 2380 SW 9th St | multi_family | 4 | 2 | 2,651 | $1,200,000 | 2025-09-24 |
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 |
|---|---|---|---|---|---|---|
| 1223 SW 12th Ct Unit 1223 | condos | 4 | 5 | 3,103 | $1,750,000 | — |
| 1667 SW 10th St | single_family | 4 | 3 | 2,004 | $1,250,000 | — |
| 2427 SW 12th St | single_family | 4 | 3 | 1,900 | $1,185,000 | — |
| 1720 SW 11th Ter | single_family | 4 | 3 | 2,052 | $1,150,000 | — |
| 1621 SW 11th Ter | single_family | 4 | 4 | 2,446 | $2,300,000 | — |
| 1468 SW 2nd St | multi_family | 4 | 3 | 1,856 | $650,000 | — |
| 2940 SW 12th St | single_family | 4 | 3 | 2,512 | $1,299,000 | — |
| 1642 SW 12th St | single_family | 4 | 4 | 2,984 | $1,395,000 | — |
10-year hold projection
IRR0.9%
Equity multiple1.15x
Total return (10yr)$164,262
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,004,250 | $30,038 | -$33,575 | $771,543 | $232,707 |
| 2 | $1,034,378 | $31,108 | -$32,592 | $762,505 | $271,872 |
| 3 | $1,065,409 | $32,214 | -$31,575 | $752,847 | $312,562 |
| 4 | $1,097,371 | $33,357 | -$30,522 | $742,526 | $354,846 |
| 5 | $1,130,292 | $34,539 | -$29,434 | $731,495 | $398,797 |
| 6 | $1,164,201 | $35,761 | -$28,307 | $719,707 | $444,494 |
| 7 | $1,199,127 | $37,025 | -$27,142 | $707,110 | $492,017 |
| 8 | $1,235,101 | $38,331 | -$25,936 | $693,648 | $541,453 |
| 9 | $1,272,154 | $39,681 | -$24,689 | $679,261 | $592,893 |
| 10 | $1,310,318 | $41,077 | -$23,399 | $663,886 | $646,432 |
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.