500 SW 8th Ave
Miami, FL 33130 · single_family · For Sale · 12 days on market
Asking price$1,649,999
12 beds 6 baths 4,658 sqft
Listed by Joey Fumero-Manso · Sellstate 5 Star Realty
Typesingle_family
Built1925
Price / sqft$354
Est. value (own analysis)$1,714,051
Rent estimate (Zillow ZIP avg)$3,262/mo
HOANone
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Statusfor_sale
Listed date2026-08-22
Removed date—
MLSMiamiMLS #A12075866
Coordinates25.76875, -80.20779
Address500 SW 8th Ave
CityMiami
StateFL
Zip33130
Listing ID5545087478
Sourceus-real-estate-listings, cached 2026-08-29
ZIP market snapshot (33130)
Typical home value (ZHVI)$515,336
Typical rent (ZORI)$3,262/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 | $1,649,999 |
| Down payment (20.0%) | $330,000 |
| Loan amount | $1,319,999 |
| Closing costs (5.0%) | $82,500 |
| Total cash to close | $412,500 |
| Income | |
| Rent (ZIP avg, ZORI — not bedroom-specific) | $3,262$39,141 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,001$36,009 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,613$31,350 |
| Insurance (placeholder 0.8% of price) | $1,100$13,200 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $163$1,957 |
| Total operating expenses | $3,876$46,507 |
| 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) | $163$1,957 |
| 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.
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.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 910 SW 9th St | single_family | 2 | 1 | 800 | $399,000 | 2026-05-12 |
| 742 SW 10th St | single_family | 3 | 2 | 1,108 | $385,000 | 2026-02-18 |
| 627 SW 11th Ave | single_family | 3 | 2 | 1,493 | $580,000 | 2026-02-03 |
| 536 SW 3rd St | single_family | 5 | 2 | 2,442 | $800,000 | 2025-10-17 |
Widened to city-wide. 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 |
|---|---|---|---|---|---|---|
| 6480 NE 1st Ave | multi_family | 12 | 8 | 7,570 | $2,150,000 | — |
| 410 NW 47th Ave | multi_family | 12 | 8 | 6,052 | $2,650,000 | — |
| 1068 NW 5th St | multi_family | 12 | 17 | 4,480 | $1,990,000 | — |
| 1910 NW 72nd St | multi_family | 12 | 7 | 4,951 | $1,125,000 | — |
10-year hold projection
IRR-8.6%
Equity multiple-0.45x
Total return (10yr)-$384,112
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,699,499 | -$10,498 | -$114,247 | $1,305,687 | $393,811 |
| 2 | $1,750,484 | -$10,580 | -$114,378 | $1,290,393 | $460,091 |
| 3 | $1,802,998 | -$10,659 | -$114,507 | $1,274,048 | $528,950 |
| 4 | $1,857,088 | -$10,735 | -$114,634 | $1,256,581 | $600,507 |
| 5 | $1,912,801 | -$10,806 | -$114,758 | $1,237,914 | $674,887 |
| 6 | $1,970,185 | -$10,874 | -$114,880 | $1,217,966 | $752,219 |
| 7 | $2,029,291 | -$10,937 | -$114,998 | $1,196,647 | $832,644 |
| 8 | $2,090,169 | -$10,995 | -$115,114 | $1,173,865 | $916,305 |
| 9 | $2,152,874 | -$11,049 | -$115,225 | $1,149,518 | $1,003,357 |
| 10 | $2,217,461 | -$11,097 | -$115,333 | $1,123,499 | $1,093,962 |
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.