1540 Cleveland Rd
Miami Beach, FL 33141 · single_family · For Sale · 173 days on market
Asking price$4,760,000
5 beds 4 baths 2,849 sqft
Listed by Caroline Bertrand · COMPASS
Typesingle_family
Built1952
Price / sqft$1671
Est. value (own analysis)$5,429,709
Rent estimate (own analysis)$17,450/mo
HOANone
1 / 27
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Statusfor_sale
Listed date2026-03-13
Removed date—
MLSMiamiMLS #A11976677
Coordinates25.86433, -80.13538
Address1540 Cleveland Rd
CityMiami Beach
StateFL
Zip33141
Listing ID5549835356
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33141)
Typical home value (ZHVI)$429,204
Typical rent (ZORI)$2,504/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 | $4,760,000 |
| Down payment (20.0%) | $952,000 |
| Loan amount | $3,808,000 |
| Closing costs (5.0%) | $238,000 |
| Total cash to close | $1,190,000 |
| Income | |
| Rent (comp-derived) | $17,450$209,400 |
| Vacancy loss (8.0%) | |
| Effective gross income | $16,054$192,648 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $7,537$90,440 |
| Insurance (placeholder 0.8% of price) | $3,173$38,080 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $873$10,470 |
| Total operating expenses | $11,583$138,990 |
| 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) | $873$10,470 |
| 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 | 5 | 3 | 1,860 | $5,500 | 2026-05-25 | — | |
| single_family | 5 | 3 | 3,390 | $24,000 | 2026-08-03 | — | |
| single_family | 5 | 4 | 2,480 | $15,900 | 2026-08-03 | — | |
| single_family | 5 | 3 | 2,056 | $19,000 | 2026-06-11 | — |
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 |
|---|---|---|---|---|---|---|
| 7815 Atlantic Way | single_family | 5 | 7 | 5,868 | $22,000,000 | 2026-09-02 |
| 1311 Bay Dr | single_family | 5 | 5 | 2,842 | $2,950,000 | 2026-08-14 |
| 1040 S Shore Dr | single_family | 5 | 5 | 5,647 | $4,400,000 | 2026-08-03 |
| 7724 Hawthorne Ave | single_family | 5 | 5 | 3,000 | $2,375,000 | 2026-07-31 |
| 11 LA Gorce Cir | single_family | 5 | 6 | 5,656 | $10,500,000 | 2026-06-30 |
| 6693 Windsor Ln | single_family | 5 | 4 | 3,695 | $5,950,000 | 2026-06-25 |
| 1351 Stillwater Dr | single_family | 5 | 6 | 3,798 | $7,500,000 | 2026-06-18 |
| 1825 Cleveland Rd | single_family | 5 | 6 | 4,473 | $9,000,000 | 2026-05-11 |
| 6465 Pinetree Drive Cir | single_family | 5 | 5 | 4,432 | $12,200,000 | 2026-04-24 |
| 1750 Bay Dr | single_family | 5 | 4 | 4,428 | $9,450,000 | 2026-04-09 |
| 1165 N Biscayne Point Rd | single_family | 5 | 5 | 4,796 | $11,425,000 | 2026-02-26 |
| 7960 Biscayne Point Cir | single_family | 5 | 7 | 6,408 | $10,800,000 | 2026-01-23 |
| 1844 Daytonia Rd | single_family | 5 | 6 | 5,352 | $10,200,000 | 2026-01-05 |
| 1730 Bay Dr | single_family | 5 | 3 | 4,386 | $8,800,000 | 2025-12-05 |
| 7720 Miami View Dr Miami View Dr | single_family | 5 | 4 | 5,081 | $9,500,000 | 2025-10-12 |
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 |
|---|---|---|---|---|---|---|
| 8221 Crespi Blvd | single_family | 5 | 5 | 3,104 | $1,850,000 | — |
| 1380 71st St | single_family | 5 | 3 | 1,860 | $1,100,000 | — |
| 535 N Shore Dr | single_family | 5 | 7 | 5,094 | $14,999,000 | — |
| 1131 Stillwater Dr | single_family | 5 | 4 | 3,851 | $5,950,000 | — |
| 6300 Allison Rd | single_family | 5 | 5 | 4,035 | $8,450,000 | — |
| 6491 Allison Rd | single_family | 5 | 5 | 3,985 | $14,500,000 | — |
| 1398 Bay Dr | single_family | 5 | 6 | 4,115 | $12,000,000 | — |
| 7701 Coquina Dr | single_family | 5 | 6 | 4,410 | $5,450,000 | — |
10-year hold projection
IRR-4.1%
Equity multiple0.31x
Total return (10yr)-$198,596
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $4,902,800 | $53,658 | -$250,467 | $3,766,713 | $1,136,087 |
| 2 | $5,049,884 | $55,963 | -$248,424 | $3,722,591 | $1,327,294 |
| 3 | $5,201,381 | $58,354 | -$246,301 | $3,675,438 | $1,525,942 |
| 4 | $5,357,422 | $60,835 | -$244,095 | $3,625,048 | $1,732,374 |
| 5 | $5,518,145 | $63,408 | -$241,804 | $3,571,197 | $1,946,947 |
| 6 | $5,683,689 | $66,077 | -$239,423 | $3,513,649 | $2,170,040 |
| 7 | $5,854,200 | $68,846 | -$236,951 | $3,452,148 | $2,402,052 |
| 8 | $6,029,826 | $71,717 | -$234,383 | $3,386,424 | $2,643,401 |
| 9 | $6,210,720 | $74,695 | -$231,717 | $3,316,187 | $2,894,533 |
| 10 | $6,397,042 | $77,782 | -$228,948 | $3,241,127 | $3,155,915 |
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.