8844 Abbott Ave

Surfside, FL 33154 · single_family · For Sale · 22 days on market
Asking price$1,850,000
3 beds 2 baths 1,691 sqft
Suggested offer$1,512,963$337,037 above the est. market value of $1,512,963.
View on Realtor.com →
Listed by Vanessa Frank · One Sotheby's International Realty
Typesingle_family
Built1939
Price / sqft$1094
Est. value (own analysis)$1,512,963
Rent estimate (own analysis)$6,700/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood8/10severe$Air2/10MinorWildfire1/10Minimal
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Neighborhood

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Statusfor_sale
Listed date2026-08-11
Removed date
MLSMiamiMLS #A12066658
Coordinates25.87398, -80.12341
Address8844 Abbott Ave
CitySurfside
StateFL
Zip33154
Listing ID5523007027
Sourceus-real-estate-listings, cached 2026-08-31

ZIP market snapshot (33154)

Typical home value (ZHVI)$1,230,561
Typical rent (ZORI)$4,738/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$1,850,000
Down payment (20.0%)$370,000
Loan amount$1,480,000
Closing costs (5.0%)$92,500
Total cash to close$462,500
Rent (comp-derived)$6,700$80,400
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$80,400
Vacancy rate (assumption) assumption8.0%

$80,400 × 8.0% = $6,432

Effective gross income$6,164$73,968
Property tax (placeholder 1.9% of price)$2,929$35,150
Insurance (est. scaled by flood & wind risk)$2,405$28,860
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$335$4,020
Total operating expenses$5,669$68,030
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$73,968
Total operating expenses derived$68,030

$73,968 − $68,030 = $5,938

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$1,480,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$1,480,000 amortized at 6.7% over 30 years = $9,511/mo

CapEx reserve (5.0% of GSR)$335$4,020
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$5,938
Annual debt service derived$114,131
Annual CapEx reserve assumption$4,020
Annual PMI assumption$0

($5,938 − $114,131 − $4,020 − $0) ÷ 12 = -$9,351

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$5,938
Purchase price data$1,850,000

$5,938 ÷ $1,850,000 = 0.3%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$112,213
Total cash to close derived$462,500

-$112,213 ÷ $462,500 = -24.3%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$5,938
Annual debt service derived$114,131

$5,938 ÷ $114,131 = 0.05

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$80,400
Purchase price data$1,850,000

($80,400 ÷ 12) ÷ $1,850,000 = 0.4%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$1,850,000
Gross scheduled rent (annual) comp$80,400

$1,850,000 ÷ $80,400 = 23.0

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$68,030
Effective gross income derived$73,968

$68,030 ÷ $73,968 = 92.0%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$68,030
Annual debt service derived$114,131
Annual PMI assumption$0
Gross scheduled rent (annual) comp$80,400

($68,030 + $114,131 + $0) ÷ $80,400 = 226.6%

Comparables

Same ZIP. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family321,693$6,5002026-03-18
single_family331,598$7,9002026-03-18
single_family322,081$5,2002026-05-03
single_family321,889$9,5002026-07-21
single_family321,932$11,0002026-04-10
single_family321,532$6,7002026-07-19
single_family321,186$6,0002026-08-31

8851 Byron Ave

Surfside, 33154 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,693
Listed2026-03-18
Days on market

Asking rent: $6,500

View on Zillow →

9048 Carlyle Ave

Surfside, 33154 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,598
Listed2026-03-18
Days on market

Asking rent: $7,900

View on Zillow →

9356 Byron Ave

Surfside, 33154 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage2,081
Listed2026-05-03
Days on market

Asking rent: $5,200

View on Zillow →

9520 E Broadview Dr

Bay Harbor Islands, 33154 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,889
Listed2026-07-21
Days on market

Asking rent: $9,500

View on Zillow →

9141 Abbott Ave

Surfside, 33154 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,932
Listed2026-04-10
Days on market

Asking rent: $11,000

View on Zillow →

409 91st St

Surfside, 33154 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,532
Listed2026-07-19
Days on market

Asking rent: $6,700

View on Zillow →

8934 Harding Ave

Surfside, 33154 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,186
Listed2026-08-31
Days on market

Asking rent: $6,000

View on Zillow →

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
9516 Byron Avesingle_family321,705$1,350,0002026-08-27
9205 Byron Avesingle_family333,016$3,550,0002026-08-11
9033 Carlyle Avesingle_family331,712$1,400,0002026-07-31
9225 Byron Avesingle_family321,799$1,450,0002026-07-27
8942 Emerson Avesingle_family321,672$1,250,0002026-07-20
9208 Emerson Avesingle_family321,737$1,584,0002026-07-13
9064 Bay Drsingle_family322,204$8,300,0002026-07-07
9473 Byron Avesingle_family321,798$1,507,4252026-06-23
9048 Dickens Avesingle_family321,918$1,950,0002026-06-09
8875 Abbott Avesingle_family321,300$1,320,0002026-06-04
9148 Abbott Avesingle_family321,238$1,350,0002026-05-27
9148 Carlyle Avesingle_family322,200$2,225,0002026-05-22
1135 103rd St Apt 401single_family332,014$2,820,0002026-05-11
400 90th Stsingle_family332,724$2,250,0002026-05-07
8801 Dickens Avesingle_family32$1,899,0002026-04-30
216 Bal Bay Drsingle_family352,970$31,000,0002026-04-30
9117 Carlyle Avesingle_family321,693$1,600,0002026-04-15
9457 Carlyle Avesingle_family321,958$1,575,0002026-03-25
300 N 93rd Stsingle_family321,666$1,450,0002026-03-17
917 Surfside Blvdsingle_family321,953$1,650,0002026-03-10
9248 Dickens Avesingle_family321,688$1,325,0002026-03-09
9280 Abbott Avesingle_family332,061$1,500,0002026-02-26
8934 Garland Avesingle_family332,403$2,150,0002026-02-25
9125 Byron Avesingle_family321,467$1,000,0002026-01-20
424 89th Stsingle_family321,780$1,750,0002025-11-06
8826 Hawthorne Avesingle_family332,480$3,600,0002025-10-31
8866 Dickens Avesingle_family321,859$1,300,0002025-10-29
9280 Harding Avesingle_family321,737$1,300,0002025-10-29
8951 Hawthorne Avesingle_family342,681$2,525,0002025-09-30
9064 Garland Avesingle_family321,785$1,200,0002025-09-22
8919 Byron Avesingle_family321,820$1,650,0002025-09-22
9173 Byron Avesingle_family321,313$1,200,0002025-09-19

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.

AddressTypeBedsBathsSqftAsking priceDays on market
10203 Collins Ave Unit 801condos354,185$12,590,000
9511 Collins Ave Apt 1507condos341,985$2,850,000
8942 Carlyle Avesingle_family321,384$1,399,000
8901 Hawthorne Avesingle_family342,151$2,900,000
10205 Collins Ave Apt 206condos332,060$1,499,000
8701 Collins Ave Unit 701condos342,233$8,475,000
9725 Bay Harbor Ter Apt 24condos321,298$589,000
9448 Abbott Avesingle_family34$2,478,000

10-year hold projection

IRR-6.3%
Equity multiple-0.05x
Total return (10yr)-$243,985
YearProperty valueNOICash flowLoan balanceEquity
1$1,905,500$5,938-$112,213$1,463,953$441,547
2$1,962,665$6,456-$111,795$1,446,805$515,860
3$2,021,545$6,999-$111,355$1,428,479$593,066
4$2,082,191$7,566-$110,894$1,408,895$673,297
5$2,144,657$8,159-$110,409$1,387,965$756,692
6$2,208,997$8,779-$109,899$1,365,598$843,398
7$2,275,267$9,428-$109,365$1,341,696$933,571
8$2,343,525$10,105-$108,804$1,316,152$1,027,373
9$2,413,830$10,813-$108,216$1,288,854$1,124,977
10$2,486,245$11,551-$107,600$1,259,681$1,226,564
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.