3085 and 3083 SW 17th St

Miami, FL 33145 · multi_family · For Sale · 15 days on market
Asking price$779,900
6 beds 5 baths 1,877 sqft
Suggested offer$769,833$10,067 above the est. market value of $769,833.
View on Realtor.com →
Listed by Alexander Wong · One Stop Realty
Typemulti_family
Built1936
Price / sqft$416
Est. value (own analysis)$769,833
Rent estimate (building total, own analysis)$5,913/mo
HOANone
Street view
View full map & nearby schools →

Neighborhood

Show every detail
Statusfor_sale
Listed date2026-08-18
Removed date
MLSMiamiMLS #A12072902
Coordinates25.75599, -80.24433
Address3085 and 3083 SW 17th St
CityMiami
StateFL
Zip33145
Listing ID5493096476
Sourceus-real-estate-listings, cached 2026-08-31

ZIP market snapshot (33145)

Typical home value (ZHVI)$735,527
Typical rent (ZORI)$3,018/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$779,900
Down payment (20.0%)$155,980
Loan amount$623,920
Closing costs (5.0%)$38,995
Total cash to close$194,975
Rent (estimate)$5,913$70,951
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$70,951
Vacancy rate (assumption) assumption8.0%

$70,951 × 8.0% = $5,676

Effective gross income$5,440$65,275
Property tax (placeholder 1.9% of price)$1,235$14,818
Insurance (placeholder 0.8% of price)$520$6,239
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$296$3,548
Total operating expenses$2,050$24,605
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$65,275
Total operating expenses derived$24,605

$65,275 − $24,605 = $40,670

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$623,920
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$623,920 amortized at 6.7% over 30 years = $4,009/mo

CapEx reserve (5.0% of GSR)$296$3,548
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$40,670
Annual debt service derived$48,114
Annual CapEx reserve assumption$3,548
Annual PMI assumption$0

($40,670 − $48,114 − $3,548 − $0) ÷ 12 = -$916

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$40,670
Purchase price data$779,900

$40,670 ÷ $779,900 = 5.2%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$10,992
Total cash to close derived$194,975

-$10,992 ÷ $194,975 = -5.6%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$40,670
Annual debt service derived$48,114

$40,670 ÷ $48,114 = 0.85

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$70,951
Purchase price data$779,900

($70,951 ÷ 12) ÷ $779,900 = 0.8%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$779,900
Gross scheduled rent (annual) comp$70,951

$779,900 ÷ $70,951 = 11.0

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$24,605
Effective gross income derived$65,275

$24,605 ÷ $65,275 = 37.7%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$24,605
Annual debt service derived$48,114
Annual PMI assumption$0
Gross scheduled rent (annual) comp$70,951

($24,605 + $48,114 + $0) ÷ $70,951 = 102.5%

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
1701 SW 21st Stmulti_family1,899$750,0002026-08-10
2801 SW 24th Stmulti_family2,805$830,0002026-07-28
3460 SW 24th Termulti_family1,946$690,0002026-07-23
3431 3433 Sw 16 Termulti_family3,704$1,740,0002026-07-02
2385 SW 22nd Termulti_family421,779$1,215,0002026-06-18
2933 SW 24th Stmulti_family1,312$710,0002026-06-12
3611 SW 23rd Stmulti_family2,525$1,000,0002026-06-04
3501 SW 16th Termulti_family2,016$750,0002026-06-04
1395 SW 22nd Termulti_family2,224$1,000,0002026-06-01
3166 SW 22nd Termulti_family2,580$1,000,0002026-05-29
1337 SW 15th Stmulti_family2,736$1,365,0002026-05-22
3461 SW 24th Stmulti_family642,550$1,100,0002026-05-22
3210 SW 24th Termulti_family2,020$935,0002026-05-18
3561 SW 14th Stmulti_family1,771$700,0002026-04-28
3565 SW 14th Stmulti_family1,771$700,0002026-04-24
3310 SW 1st Avemulti_family431,498$775,0002026-04-23
2740 SW 23rd Stmulti_family4,761$1,300,0002026-04-17
2612 SW 19th Termulti_family421,450$562,5002026-04-10
3577 SW 17th Stmulti_family2,110$1,325,0002026-04-01
2039 SW 17th Stmulti_family322,110$885,0002026-03-09
1352 SW 14th Stmulti_family423,458$1,050,0002026-03-09
1836 SW 23rd Termulti_family321,716$675,0002026-02-18
3269 SW 23rd Termulti_family1,635$950,0002026-02-10
2268 SW 16th Termulti_family432,412$1,650,0002026-01-07
2895 SW 23rd Termulti_family1,378$580,0002025-12-29
2269 SW 17th Stmulti_family421,019$575,0002025-12-17
3231 SW 23rd Termulti_family532,236$1,200,0002025-12-08
1475 SW 22nd Termulti_family532,349$600,0002025-11-21
2445 SW 18th Stmulti_family2,420$1,150,0002025-11-10
2613 SW 16th Termulti_family2,652$850,0002025-11-07
3480 SW 22nd Termulti_family$725,0002025-11-04
3540 SW 24th Stmulti_family2,255$950,0002025-10-28
3347 SW 24th Stmulti_family422,515$855,0002025-10-28
1800 SW 13th Stmulti_family734,879$1,500,0002025-10-20
3064 SW 16th Termulti_family2,075$950,0002025-10-09
2490 SW 17th Stmulti_family2,821$810,0002025-10-08
2121 SW 13th Avemulti_family2,370$950,0002025-10-02
2301 SW 17th Avemulti_family432,239$1,100,0002025-09-30
3545 SW 13th Termulti_family2,350$800,0002025-09-22

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
1651 SW 13th Avesingle_family674,496$2,950,000
2369 SW 17th Termulti_family642,320$3,500,000
2278 SW 16th Avemulti_family643,687$1,498,000
2841 SW 24th Termulti_family642,944$1,390,000
1428 SW 20th Stmulti_family642,420$1,180,000

10-year hold projection

IRR6.8%
Equity multiple2.08x
Total return (10yr)$312,860
YearProperty valueNOICash flowLoan balanceEquity
1$803,297$40,670-$10,992$617,155$186,142
2$827,396$42,013-$9,737$609,926$217,470
3$852,218$43,399-$8,442$602,200$250,017
4$877,784$44,831-$7,104$593,944$283,840
5$904,118$46,308-$5,722$585,121$318,997
6$931,241$47,833-$4,294$575,692$355,550
7$959,179$49,407-$2,821$565,615$393,563
8$987,954$51,032-$1,299$554,847$433,107
9$1,017,593$52,709$273$543,339$474,254
10$1,048,120$54,440$1,896$531,040$517,080
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.