2385 NW 32nd St
Miami, FL 33142 · single_family · Pending — under contract · 118 days on market
Asking price$639,999
4 beds 2 baths 2,180 sqft
Listed by Louis Urbina · Compass Florida, LLC.
Typesingle_family
Built1975
Price / sqft$294
Est. value (own analysis)$748,039
Rent estimate (own analysis)$3,800/mo
HOANone
1 / 47
Show every detail
Statusfor_sale
Listed date2026-05-07
Removed date—
MLSMiamiMLS #A12014723
Coordinates25.80578, -80.23560
Address2385 NW 32nd St
CityMiami
StateFL
Zip33142
Listing ID5485786054
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33142)
Typical home value (ZHVI)$430,103
Typical rent (ZORI)$2,350/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 | $639,999 |
| Down payment (20.0%) | $128,000 |
| Loan amount | $511,999 |
| Closing costs (5.0%) | $32,000 |
| Total cash to close | $160,000 |
| Income | |
| Rent (comp-derived) | $3,800$45,600 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,496$41,952 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,013$12,160 |
| Insurance (placeholder 0.8% of price) | $427$5,120 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $190$2,280 |
| Total operating expenses | $1,630$19,560 |
| 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) | $190$2,280 |
| 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.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| single_family | 4 | 3 | 1,675 | $3,350 | — | — | |
| single_family | 4 | 2 | 1,434 | $3,600 | 2026-05-05 | — | |
| single_family | 4 | 3 | 1,960 | $4,250 | 2026-05-18 | — | |
| single_family | 4 | 2 | 1,666 | $4,000 | 2026-08-25 | — |
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 |
|---|---|---|---|---|---|---|
| 4990 NW 31st Ave | single_family | 4 | 4 | 2,777 | $680,000 | 2026-08-19 |
| 2778 NW 44th St | single_family | 4 | 3 | 1,219 | $525,000 | 2026-08-12 |
| 3039 NW 43rd Ter | single_family | 4 | 2 | 1,675 | $480,000 | 2026-07-24 |
| 5940 NW 21st Ave | single_family | 4 | 1 | 1,487 | $415,000 | 2026-07-23 |
| 2326 NW 59th St | single_family | 4 | 2 | 1,016 | $485,000 | 2026-07-22 |
| 2956 NW 44th St | single_family | 4 | 3 | 1,219 | $522,500 | 2026-07-20 |
| 1926 NW 60th St | single_family | 4 | 2 | 1,427 | $510,000 | 2026-07-16 |
| 5308 NW 29th Ave | single_family | 4 | 2 | 1,136 | $520,000 | 2026-07-16 |
| 3298 NW 49th St | single_family | 4 | 2 | 1,410 | $493,000 | 2026-06-22 |
| 1470 NW 51st Ter | single_family | 4 | 2 | 1,409 | $550,000 | 2026-06-09 |
| 2724 NW 19th Ave | single_family | 4 | 2 | 2,822 | $555,000 | 2026-06-04 |
| 2951 NW 49th St | single_family | 4 | 2 | 1,805 | $500,000 | 2026-06-03 |
| 4430 NW 23rd Ave | single_family | 4 | 3 | 1,579 | $625,000 | 2026-05-26 |
| 1371 NW 59th St | single_family | 4 | 2 | 1,400 | $535,000 | 2026-05-20 |
| 1446 NW 61st St | single_family | 4 | 2 | 1,440 | $500,000 | 2026-05-05 |
| 2970 NW 45th St | single_family | 4 | 3 | — | $525,000 | 2026-04-21 |
| 2238 NW 58th St | single_family | 4 | 2 | 1,255 | $450,000 | 2026-04-07 |
| 4028 NW 23rd Ct | single_family | 4 | 5 | 2,268 | $666,600 | 2026-03-31 |
| 3167 NW 52nd St | single_family | 4 | 3 | 1,760 | $530,000 | 2026-02-14 |
| 2355 NW 59th St | single_family | 4 | 2 | 2,056 | $461,000 | 2026-01-30 |
| 3320 NW 14th Ave | single_family | 4 | 2 | 1,702 | $350,000 | 2026-01-23 |
| 1444 NW 51st Ter | single_family | 4 | 1 | 1,917 | $325,000 | 2026-01-09 |
| 1321 NW 44th St | single_family | 4 | 2 | 1,568 | $619,000 | 2025-12-17 |
| 4750 NW 21st Ave | single_family | 4 | 2 | 1,158 | $315,000 | 2025-12-11 |
| 3280 NW 51st St | single_family | 4 | 3 | 2,227 | $650,000 | 2025-11-05 |
| 1330 NW 56th St | single_family | 4 | 2 | 1,540 | $380,000 | 2025-10-31 |
| 2976 NW 45th St | single_family | 4 | 3 | — | $525,000 | 2025-10-28 |
| 1218 NW 41st St | single_family | 4 | 2 | 1,368 | $480,000 | 2025-10-17 |
| 3101 NW 49th St | single_family | 4 | 2 | 1,248 | $520,000 | 2025-10-15 |
| 2479 NW 26th St | single_family | 4 | 3 | 1,118 | $585,000 | 2025-10-02 |
| 2162 NW 26th St | single_family | 4 | 2 | 1,650 | $480,000 | 2025-09-27 |
| 1612 NW 51st Ter | single_family | 4 | 1 | 1,195 | $310,000 | 2025-09-26 |
| 2489 NW 60th St | single_family | 4 | 2 | 1,428 | $490,000 | 2025-09-23 |
| 2980 NW 45th St | single_family | 4 | 3 | — | $525,000 | 2025-09-19 |
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 |
|---|---|---|---|---|---|---|
| 2775 NW 57th St | multi_family | 4 | 4 | 1,202 | $749,900 | — |
| 1754 NW 56th St | single_family | 4 | 2 | 1,690 | $430,000 | — |
| 3010 NW 32nd St | single_family | 4 | 2 | 1,958 | $630,000 | — |
| 3231 NW 19th Ave | multi_family | 4 | 2 | 1,977 | $625,000 | — |
| 2651 NW 33rd St | multi_family | 4 | 2 | 1,155 | $565,000 | — |
| 2124 NW 27th St | multi_family | 4 | 4 | 1,750 | $780,000 | — |
| 1851 NW 34th St | multi_family | 4 | 2 | 1,458 | $590,000 | — |
| 1221 NW 50th St | multi_family | 4 | 2 | 2,466 | $700,000 | — |
10-year hold projection
IRR2.1%
Equity multiple1.34x
Total return (10yr)$137,746
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $659,199 | $22,392 | -$19,371 | $506,448 | $152,751 |
| 2 | $678,975 | $23,162 | -$18,658 | $500,516 | $178,459 |
| 3 | $699,344 | $23,957 | -$17,922 | $494,176 | $205,168 |
| 4 | $720,325 | $24,778 | -$17,160 | $487,401 | $232,924 |
| 5 | $741,934 | $25,627 | -$16,373 | $480,161 | $261,774 |
| 6 | $764,192 | $26,504 | -$15,559 | $472,423 | $291,769 |
| 7 | $787,118 | $27,409 | -$14,718 | $464,154 | $322,964 |
| 8 | $810,732 | $28,345 | -$13,848 | $455,317 | $355,414 |
| 9 | $835,054 | $29,312 | -$12,949 | $445,874 | $389,180 |
| 10 | $860,105 | $30,310 | -$12,020 | $435,782 | $424,323 |
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.