9033 Emerson Ave
Surfside, FL 33154 · single_family · Pending — under contract · 55 days on market
Asking price$3,560,000
4 beds 4 baths 2,267 sqft
Suggested offer$2,800,448$759,552 above the est. market value of $2,800,448.
View on Realtor.com →Listed by Romina Grinberg · COMPASS
Typesingle_family
Built1941
Price / sqft$1570
Est. value (own analysis)$2,800,448
Rent estimate (own analysis)$9,500/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood9/10extreme$Air2/10MinorWildfire1/10Minimal
1 / 35
Show every detail
Statusfor_sale
Listed date2026-07-09
Removed date—
MLSMiamiMLS #A12046987
Coordinates25.87668, -80.12663
Address9033 Emerson Ave
CitySurfside
StateFL
Zip33154
Listing ID5538956850
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)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $3,560,000 |
| Down payment (20.0%) | $712,000 |
| Loan amount | $2,848,000 |
| Closing costs (5.0%) | $178,000 |
| Total cash to close | $890,000 |
| Income | |
| Rent (comp-derived) | $9,500$114,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $8,740$104,880 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $5,637$67,640 |
| Insurance (est. scaled by flood & wind risk) | $5,221$62,656 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $475$5,700 |
| Total operating expenses | $11,333$135,996 |
| 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) | $475$5,700 |
| 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 | 2,085 | $7,000 | 2026-06-28 | — | |
| single_family | 4 | 3 | 1,743 | $15,950 | 2026-08-21 | — | |
| single_family | 4 | 4 | 2,057 | $10,000 | 2026-05-09 | — | |
| single_family | 4 | 3 | 1,900 | $9,500 | 2026-08-06 | — | |
| single_family | 4 | 3 | 1,966 | $8,950 | 2026-06-08 | — | |
| single_family | 4 | 5 | 2,232 | $15,500 | 2026-08-03 | — | |
| single_family | 4 | 2 | 2,093 | $12,500 | 2026-05-26 | — | |
| single_family | 4 | 3 | 1,851 | $7,400 | 2026-03-11 | — | |
| single_family | 4 | 3 | 1,966 | $8,950 | — | — |
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 |
|---|---|---|---|---|---|---|
| 10121 E Broadview Dr | single_family | 4 | 3 | 2,848 | $6,150,000 | 2026-05-18 |
| 9073 Dickens Ave | single_family | 4 | 3 | 3,457 | $2,300,000 | 2026-05-13 |
| 220 Bal Bay Dr | single_family | 4 | 6 | 3,117 | $31,000,000 | 2026-05-07 |
| 8858 Garland Ave | single_family | 4 | 3 | 2,201 | $2,200,000 | 2026-04-08 |
| 1231 96th St | single_family | 4 | 4 | 3,458 | $3,200,000 | 2025-11-17 |
| 10301 E Broadview Dr | single_family | 4 | 4 | 3,966 | $9,470,000 | 2025-11-07 |
| 9280 Harding Ave | single_family | 4 | 2 | 1,737 | $1,300,000 | 2025-10-27 |
| 1251 94th St | single_family | 4 | 3 | 3,059 | $4,500,000 | 2025-10-20 |
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 |
|---|---|---|---|---|---|---|
| 8819 Dickens Ave | single_family | 4 | 3 | 1,469 | $2,085,000 | — |
| 9705 Collins Ave Unit 501N | condos | 4 | 4 | 3,524 | $6,250,000 | — |
| 8950 Harding Ave | single_family | 4 | 3 | 1,917 | $1,599,000 | — |
| 9156 Froude Ave | single_family | 4 | 2 | 1,967 | $1,595,000 | — |
| 1000 99th St Unit 14 | townhomes | 4 | 5 | 2,519 | $1,750,000 | — |
| 9450 E Broadview Dr | single_family | 4 | 4 | 3,435 | $4,700,000 | — |
| 9172 Carlyle Ave | single_family | 4 | 3 | 2,239 | $3,495,000 | — |
| 10155 Collins Ave Apt 202 | condos | 4 | 5 | 3,300 | $5,375,000 | — |
10-year hold projection
IRR-9.2%
Equity multiple-0.57x
Total return (10yr)-$933,078
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $3,666,800 | -$31,116 | -$256,440 | $2,817,121 | $849,679 |
| 2 | $3,776,804 | -$31,370 | -$256,836 | $2,784,122 | $992,682 |
| 3 | $3,890,108 | -$31,614 | -$257,226 | $2,748,857 | $1,141,251 |
| 4 | $4,006,811 | -$31,848 | -$257,610 | $2,711,170 | $1,295,641 |
| 5 | $4,127,016 | -$32,071 | -$257,987 | $2,670,896 | $1,456,120 |
| 6 | $4,250,826 | -$32,282 | -$258,355 | $2,627,855 | $1,622,971 |
| 7 | $4,378,351 | -$32,481 | -$258,716 | $2,581,859 | $1,796,492 |
| 8 | $4,509,701 | -$32,667 | -$259,067 | $2,532,704 | $1,976,997 |
| 9 | $4,644,993 | -$32,839 | -$259,408 | $2,480,174 | $2,164,819 |
| 10 | $4,784,342 | -$32,996 | -$259,738 | $2,424,036 | $2,360,306 |
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.