5819 NW 37th St
Virginia Gardens, FL 33166 · multi_family · Pending — under contract · 61 days on market
Asking price$699,000
4 beds 2 baths 1,425 sqft
Suggested offer$592,610$106,390 above the est. market value of $592,610.
View on Realtor.com →Listed by Angel Alvarez · The Keyes Company
Typemulti_family
Built1956
Price / sqft$491
Est. value (own analysis)$592,610
Rent estimate (building total, own analysis)$4,291/mo
HOANone
1 / 5
Show every detail
Statusfor_sale
Listed date2026-07-03
Removed date—
MLSMiamiMLS #A12047901
Coordinates25.80834, -80.29164
Address5819 NW 37th St
CityVirginia Gardens
StateFL
Zip33166
Listing ID5462538434
Sourceus-real-estate-listings, cached 2026-09-01
ZIP market snapshot (33166)
Typical home value (ZHVI)$610,998
Typical rent (ZORI)$2,899/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 | $699,000 |
| Down payment (20.0%) | $139,800 |
| Loan amount | $559,200 |
| Closing costs (5.0%) | $34,950 |
| Total cash to close | $174,750 |
| Income | |
| Rent (estimate) | $4,291$51,497 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,948$47,377 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,107$13,281 |
| Insurance (placeholder 0.8% of price) | $466$5,592 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $215$2,575 |
| Total operating expenses | $1,787$21,448 |
| 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) | $215$2,575 |
| 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.
No active rental listings cached yet for this bedroom count.
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 |
|---|---|---|---|---|---|---|
| 5819 NW 37th St | multi_family | — | — | 1,425 | $645,000 | 2026-08-31 |
| 85 Deer Run | multi_family | 5 | 2 | 3,757 | $1,200,000 | 2026-06-11 |
| 157 Curtiss Pkwy | multi_family | 6 | 3 | 3,026 | $1,543,000 | 2026-05-18 |
| 5506286601 | multi_family | — | — | 3,645 | $825,000 | 2026-01-06 |
| 633 DE Soto Dr | multi_family | — | — | 1,563 | $650,000 | 2025-12-23 |
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 |
|---|---|---|---|---|---|---|
| 970 Plover Ave | single_family | 4 | 3 | 2,838 | $1,150,000 | — |
| 4605 NW 83rd Path | single_family | 4 | 4 | 2,163 | $865,000 | — |
| 25 Ludlam Dr | single_family | 4 | 4 | 2,351 | $885,000 | — |
| 1800 Miami Springs Ave | single_family | 4 | 3 | 3,160 | $1,245,000 | — |
| 325 Ludlam Dr | single_family | 4 | 5 | 2,477 | $2,500,000 | — |
| 188 Cherokee St | single_family | 4 | 5 | 3,445 | $2,600,000 | — |
| 2 Hough Dr | single_family | 4 | 5 | 3,148 | $1,620,000 | — |
| 4318 NW 81st Ave | single_family | 4 | 4 | 3,077 | $1,380,000 | — |
10-year hold projection
IRR2.7%
Equity multiple1.43x
Total return (10yr)$166,405
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $719,970 | $25,929 | -$19,768 | $553,137 | $166,833 |
| 2 | $741,569 | $26,814 | -$18,948 | $546,658 | $194,911 |
| 3 | $763,816 | $27,729 | -$18,099 | $539,733 | $224,083 |
| 4 | $786,731 | $28,673 | -$17,222 | $532,334 | $254,397 |
| 5 | $810,333 | $29,649 | -$16,316 | $524,426 | $285,907 |
| 6 | $834,643 | $30,657 | -$15,379 | $515,975 | $318,668 |
| 7 | $859,682 | $31,698 | -$14,411 | $506,943 | $352,738 |
| 8 | $885,472 | $32,773 | -$13,410 | $497,292 | $388,180 |
| 9 | $912,036 | $33,884 | -$12,376 | $486,978 | $425,059 |
| 10 | $939,398 | $35,031 | -$11,307 | $475,955 | $463,442 |
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.