2635 SW 34th Ct

Miami, FL 33133 · multi_family · For Sale · 53 days on market
Asking price$1,275,000
6 beds 4 baths 2,942 sqft
Suggested offer$1,240,967$34,033 above the est. market value of $1,240,967.
View on Realtor.com →
Listed by Alain Reyes · Dalton Wade Inc
Typemulti_family
Built1946
Price / sqft$433
Est. value (own analysis)$1,240,967
Rent estimate (building total, own analysis)$12,699/mo
HOANone
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-07-12
Removed date
MLSMiamiMLS #A12030053
Coordinates25.74210, -80.25041
Address2635 SW 34th Ct
CityMiami
StateFL
Zip33133
Listing ID5442440688
Sourceus-real-estate-listings, cached 2026-08-30

ZIP market snapshot (33133)

Typical home value (ZHVI)$1,352,044
Typical rent (ZORI)$3,793/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$1,275,000
Down payment (20.0%)$255,000
Loan amount$1,020,000
Closing costs (5.0%)$63,750
Total cash to close$318,750
Rent (estimate)$12,699$152,384
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$152,384
Vacancy rate (assumption) assumption8.0%

$152,384 × 8.0% = $12,191

Effective gross income$11,683$140,193
Property tax (placeholder 1.9% of price)$2,019$24,225
Insurance (placeholder 0.8% of price)$850$10,200
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$635$7,619
Total operating expenses$3,504$42,044
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$140,193
Total operating expenses derived$42,044

$140,193 − $42,044 = $98,149

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$1,020,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$1,020,000 amortized at 6.7% over 30 years = $6,555/mo

CapEx reserve (5.0% of GSR)$635$7,619
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$98,149
Annual debt service derived$78,657
Annual CapEx reserve assumption$7,619
Annual PMI assumption$0

($98,149 − $78,657 − $7,619 − $0) ÷ 12 = $989

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$98,149
Purchase price data$1,275,000

$98,149 ÷ $1,275,000 = 7.7%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived$11,872
Total cash to close derived$318,750

$11,872 ÷ $318,750 = 3.7%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$98,149
Annual debt service derived$78,657

$98,149 ÷ $78,657 = 1.25

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$152,384
Purchase price data$1,275,000

($152,384 ÷ 12) ÷ $1,275,000 = 1.0%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$1,275,000
Gross scheduled rent (annual) comp$152,384

$1,275,000 ÷ $152,384 = 8.4

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$42,044
Effective gross income derived$140,193

$42,044 ÷ $140,193 = 30.0%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$42,044
Annual debt service derived$78,657
Annual PMI assumption$0
Gross scheduled rent (annual) comp$152,384

($42,044 + $78,657 + $0) ÷ $152,384 = 79.2%

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
3374 Day Avemulti_family643,570$1,450,0002026-08-07
3520 SW 25th Stmulti_family642,380$1,175,0002026-07-01
3268 Gifford Lnmulti_family643,888$1,640,0002026-06-26
3156 Plaza Stmulti_family644,808$1,000,0002026-02-12
3253 Percival Avemulti_family644,040$2,000,0002026-01-07

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
3835 Carole Ctsingle_family689,561$16,400,000
2655 S Bayshore Dr Unit 1801-02condos674,833$14,750,000
2100 SW 25th Stsingle_family632,147$450,000
2884 SW 36th Avemulti_family642,932$1,279,000
3231 SW 25th Stmulti_family632,027$1,075,000
3036 Center Stmulti_family642,322$1,795,000
1818 Espanola Drsingle_family654,334$4,195,000
2 Grove Isle Dr Unit B801-802condos655,012$6,900,000

10-year hold projection

IRR14.0%
Equity multiple3.16x
Total return (10yr)$854,516
YearProperty valueNOICash flowLoan balanceEquity
1$1,313,250$98,149$11,872$1,008,941$304,309
2$1,352,648$101,303$14,836$997,123$355,525
3$1,393,227$104,558$17,896$984,493$408,734
4$1,435,024$107,916$21,053$970,995$464,029
5$1,478,074$111,379$24,312$956,571$521,504
6$1,522,417$114,953$27,675$941,156$581,261
7$1,568,089$118,639$31,146$924,683$643,406
8$1,615,132$122,442$34,728$907,078$708,054
9$1,663,586$126,365$38,425$888,265$775,321
10$1,713,493$130,412$42,240$868,160$845,334
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.