475 Brickell Ave Apt 2508
Miami, FL 33131 · condos · For Sale · 51 days on market
Asking price$375,000
0 beds 1 baths 598 sqft
Listed by Jollymar Babikian Tahan · Avenew Realty Corp
Typecondos
Built2008
Price / sqft$627
Est. value (own analysis)$410,714
Rent estimate (own analysis)$2,718/mo
HOA$794/mo
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Statusfor_sale
Listed date2026-07-13
Removed date—
MLSMiamiMLS #A12044665
Coordinates25.76908, -80.18860
Address475 Brickell Ave Apt 2508
CityMiami
StateFL
Zip33131
Listing ID5489266763
Sourceus-real-estate-listings, cached 2026-08-29
ZIP market snapshot (33131)
Typical home value (ZHVI)$587,486
Typical rent (ZORI)$3,815/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 | $375,000 |
| Down payment (20.0%) | $75,000 |
| Loan amount | $300,000 |
| Closing costs (5.0%) | $18,750 |
| Total cash to close | $93,750 |
| Income | |
| Rent (comp-derived) | $2,718$32,610 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,500$30,001 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $594$7,125 |
| Insurance (placeholder 0.8% of price) | $250$3,000 |
| HOA dues | $794$9,528 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $136$1,631 |
| Total operating expenses | $1,774$21,284 |
| 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) | $136$1,631 |
| 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 |
|---|---|---|---|---|---|---|---|
| condos | 0 | 1 | 507 | $2,950 | 2026-08-21 | — | |
| condos | 0 | 1 | 485 | $2,855 | 2026-08-19 | — | |
| condos | 0 | 1 | 485 | $2,855 | 2026-08-19 | — | |
| apartment | 0 | 1 | 589 | $2,659 | 2026-02-19 | — | |
| apartment | 0 | 1 | 400 | $4,900 | — | — | |
| condos | 0 | 1 | 698 | $5,500 | 2026-08-19 | — | |
| condos | 0 | 1 | 601 | $2,500 | 2026-08-19 | — | |
| apartment | 0 | 1 | 519 | $2,492 | 2026-08-14 | — | |
| condos | 0 | 1 | 507 | $2,400 | 2026-08-18 | — | |
| condos | 0 | 1 | 598 | $2,800 | 2026-08-17 | — | |
| condos | 0 | 1 | 500 | $2,200 | 2026-08-15 | — | |
| condos | 0 | 1 | 507 | $2,950 | 2026-08-13 | — | |
| condos | 0 | 1 | 601 | $2,700 | 2026-08-12 | — | |
| condos | 0 | 1 | 545 | $2,500 | 2026-08-12 | — | |
| condos | 0 | 1 | 598 | $2,800 | 2026-08-12 | — | |
| condos | 0 | 1 | 507 | $2,850 | 2026-08-07 | — | |
| condos | 0 | 1 | 442 | $2,900 | 2026-08-06 | — | |
| condos | 0 | 1 | 442 | $2,799 | 2026-07-11 | — | |
| condos | 0 | 1 | 604 | $2,500 | 2026-08-05 | — | |
| condos | 0 | 1 | 598 | $3,000 | 2026-07-24 | — | |
| condos | 0 | 1 | 546 | $2,700 | 2026-07-23 | — | |
| condos | 0 | 1 | 442 | $2,800 | 2026-07-22 | — | |
| condos | 0 | 1 | 507 | $2,300 | 2026-07-22 | — | |
| condos | 0 | 1 | 598 | $3,000 | 2026-07-20 | — | |
| condos | 0 | 1 | 551 | $2,400 | 2026-07-20 | — | |
| condos | 0 | 1 | 425 | $2,149 | 2026-07-17 | — | |
| condos | 0 | 1 | 575 | $2,500 | 2026-07-15 | — | |
| condos | 0 | 1 | 470 | $2,700 | 2026-07-15 | — | |
| condos | 0 | 1 | 507 | $2,200 | 2026-07-15 | — | |
| condos | 0 | 1 | 598 | $2,900 | 2026-07-13 | — | |
| condos | 0 | 1 | 442 | $2,750 | 2026-07-10 | — | |
| apartment | 0 | 1 | 580 | $2,100 | 2026-07-10 | — | |
| condos | 0 | 1 | 507 | $2,450 | 2026-07-08 | — | |
| condos | 0 | 1 | 546 | $2,595 | 2026-07-08 | — | |
| condos | 0 | 1 | 519 | $3,000 | 2026-06-30 | — | |
| condos | 0 | 1 | 507 | $2,350 | 2026-06-17 | — | |
| condos | 0 | 1 | 542 | $4,200 | 2026-06-17 | — | |
| apartment | 0 | 1 | 580 | $2,300 | 2026-06-11 | — | |
| condos | 0 | 1 | 442 | $2,900 | 2026-06-10 | — | |
| condos | 0 | 1 | 519 | $2,800 | 2026-06-04 | — | |
| condos | 0 | 1 | 598 | $3,250 | 2026-05-31 | — | |
| apartment | 0 | 1 | 601 | $2,350 | 2026-05-28 | — | |
| condos | 0 | 1 | 507 | $2,550 | 2026-05-19 | — | |
| condos | 0 | 1 | 611 | $7,000 | 2026-05-15 | — | |
| condos | 0 | 1 | 604 | $2,550 | 2026-05-12 | — | |
| condos | 0 | 1 | 442 | $2,550 | 2026-05-08 | — | |
| condos | 0 | 1 | 546 | $3,050 | 2026-05-07 | — | |
| condos | 0 | 1 | 442 | $2,650 | 2026-05-05 | — | |
| apartment | 0 | 1 | 442 | $2,750 | 2026-04-29 | — | |
| condos | 0 | 1 | 507 | $3,300 | 2026-07-31 | — | |
| condos | 0 | 1 | 425 | $2,150 | 2026-07-30 | — | |
| condos | 0 | 1 | 580 | $2,175 | 2025-05-23 | — | |
| condos | 0 | 1 | 442 | $2,800 | 2026-04-20 | — | |
| apartment | 0 | 1 | 551 | $2,400 | 2022-09-02 | — | |
| condos | 0 | 1 | 750 | $2,100 | 2026-04-23 | — | |
| condos | 0 | 1 | 551 | $3,000 | 2026-08-24 | — | |
| condos | 0 | 1 | 598 | $3,250 | 2026-08-25 | — | |
| condos | 0 | 1 | 425 | $2,750 | 2026-08-22 | — | |
| condos | 0 | 1 | 551 | $2,500 | 2026-04-14 | — | |
| condos | 0 | 1 | 551 | $3,300 | 2025-12-21 | — | |
| condos | 0 | 1 | 442 | $2,600 | 2026-01-25 | — | |
| condos | 0 | 1 | 442 | $2,999 | 2025-05-16 | — | |
| condos | 0 | 1 | 442 | $2,700 | 2026-03-16 | — | |
| condos | 0 | 1 | 506 | $3,900 | 2025-05-19 | — | |
| condos | 0 | 1 | 519 | $3,200 | 2026-03-19 | — | |
| condos | 0 | 1 | 698 | $5,150 | 2025-07-02 | — | |
| apartment | 0 | 1 | 425 | $1,700 | 2026-08-22 | — | |
| apartment | 0 | 1 | 650 | $2,500 | — | — | |
| apartment | 0 | 1 | 700 | $2,850 | — | — | |
| apartment | 0 | 1 | 519 | $2,492 | — | — | |
| apartment | 0 | 1 | 507 | $2,400 | 2026-08-26 | — | |
| condos | 0 | 1 | 598 | $2,700 | 2026-08-26 | — | |
| condos | 0 | 1 | 546 | $3,250 | 2026-08-27 | — | |
| apartment | 0 | 1 | 519 | $2,777 | — | — | |
| apartment | 0 | 1 | 700 | $3,127 | — | — | |
| apartment | 0 | 1 | 644 | $2,687 | — | — | |
| apartment | 0 | 1 | 519 | $2,587 | — | — | |
| apartment | 0 | 1 | 519 | $2,587 | — | — | |
| apartment | 0 | 1 | 700 | $2,735 | — | — | |
| apartment | 0 | 1 | 700 | $2,825 | — | — | |
| apartment | 0 | 1 | 644 | $2,738 | — | — | |
| condos | 0 | 1 | 551 | $2,500 | 2026-08-31 | — |
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 |
|---|---|---|---|---|---|---|
| 475 Brickell Ave Apt 5010 | condos | 0 | 1 | 546 | $375,000 | 2026-08-26 |
| 151 SE 1st St Apt 805 | condos | 0 | 1 | 526 | $304,900 | 2026-05-15 |
| 1200 Brickell Bay Dr Apt 3316 | condos | 0 | 1 | 425 | $315,000 | 2026-04-10 |
| 1300 Brickell Bay Dr Apt 2400 | condos | 0 | 1 | 420 | $370,000 | 2026-03-09 |
| 801 Brickell Bay Dr Apt 1569 | condos | 0 | 1 | 580 | $325,000 | 2026-03-03 |
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 |
|---|---|---|---|---|---|---|
| 335 S Biscayne Blvd Apt 1106 | condos | 0 | 1 | 507 | $349,000 | — |
| 1200 Brickell Bay Dr Apt 3310 | condos | 0 | 1 | 425 | $325,000 | — |
| 77 SE 5th St Apt 412 | condos | 0 | 1 | 489 | $637,900 | — |
| 335 S Biscayne Blvd Apt 3706 | condos | 0 | 1 | 507 | $349,000 | — |
| 1200 Brickell Bay Dr Apt 1816 | condos | 0 | 1 | 425 | $329,000 | — |
| 1060 Brickell Ave Apt 3509 | condos | 0 | 1 | 551 | $389,000 | — |
| 1080 Brickell Ave Unit 3705 | condos | 0 | 1 | 507 | $460,000 | — |
| 1050 Brickell Ave Apt 2312 | condos | 0 | 1 | 601 | $340,000 | — |
10-year hold projection
IRR-1.3%
Equity multiple0.79x
Total return (10yr)$29,498
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $386,250 | $8,718 | -$16,047 | $296,747 | $89,503 |
| 2 | $397,838 | $9,086 | -$15,720 | $293,271 | $104,566 |
| 3 | $409,773 | $9,467 | -$15,380 | $289,557 | $120,216 |
| 4 | $422,066 | $9,863 | -$15,027 | $285,587 | $136,479 |
| 5 | $434,728 | $10,274 | -$14,661 | $281,344 | $153,383 |
| 6 | $447,770 | $10,699 | -$14,280 | $276,811 | $170,959 |
| 7 | $461,203 | $11,141 | -$13,885 | $271,966 | $189,237 |
| 8 | $475,039 | $11,598 | -$13,474 | $266,788 | $208,251 |
| 9 | $489,290 | $12,073 | -$13,048 | $261,254 | $228,036 |
| 10 | $503,969 | $12,565 | -$12,606 | $255,341 | $248,628 |
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.