1200 SW 31st Ave
Miami, FL 33135 · multi_family · Pending — under contract · 79 days on market
Asking price$1,125,000
5 beds 3 baths 2,079 sqft
Suggested offer$907,047$217,953 above the est. market value of $907,047.
View on Realtor.com →Listed by Julio Hernandez · Select International Realty, Llc.
Typemulti_family
Built1968
Price / sqft$541
Est. value (own analysis)$907,047
Rent estimate (building total, own analysis)$6,326/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeAir2/10MinorFlood1/10minimal$Wildfire1/10Minimal
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Statusfor_sale
Listed date2026-06-16
Removed date—
MLSMiamiMLS #A12037502
Coordinates25.76104, -80.24509
Address1200 SW 31st Ave
CityMiami
StateFL
Zip33135
Listing ID5604832427
Sourceus-real-estate-listings, cached 2026-08-30
ZIP market snapshot (33135)
Typical home value (ZHVI)$531,790
Typical rent (ZORI)$2,051/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 | $1,125,000 |
| Down payment (20.0%) | $225,000 |
| Loan amount | $900,000 |
| Closing costs (5.0%) | $56,250 |
| Total cash to close | $281,250 |
| Income | |
| Rent (estimate) | $6,326$75,914 |
| Vacancy loss (8.0%) | |
| Effective gross income | $5,820$69,841 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,781$21,375 |
| Insurance (est. scaled by flood & wind risk) | $1,125$13,500 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $316$3,796 |
| Total operating expenses | $3,223$38,671 |
| 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) | $316$3,796 |
| 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.
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 |
|---|---|---|---|---|---|---|
| 700 SW 33rd Ave | multi_family | 5 | 2 | 2,648 | $1,355,000 | 2026-08-03 |
| 1293 SW 22nd Ave | multi_family | 5 | 3 | 2,025 | $1,140,000 | 2026-05-19 |
| 2222 SW 2nd St | multi_family | 5 | 3 | 2,769 | $550,000 | 2026-04-27 |
| 635 SW 19th Ave | multi_family | 5 | 5 | 3,419 | $855,000 | 2026-04-01 |
| 1640 SW 4th St | multi_family | 5 | 5 | 2,395 | $4,250,000 | 2025-12-18 |
| 3421 SW 4th St | multi_family | 5 | 3 | 2,390 | $862,500 | 2025-09-29 |
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 |
|---|---|---|---|---|---|---|
| 2033 SW 5th St | multi_family | 5 | 3 | 2,148 | $550,000 | — |
| 1636 SW 9th St | single_family | 5 | 5 | 2,638 | $1,899,000 | — |
| 2239 SW 10th St | single_family | 5 | 4 | 1,870 | $999,800 | — |
| 2360 SW 2nd St | single_family | 5 | 3 | 1,669 | $749,900 | — |
| 2134 SW 11th St | multi_family | 5 | 5 | 1,840 | $1,499,999 | — |
| 2431 SW 4th St | single_family | 5 | 6 | 3,678 | $1,300,000 | — |
| multi_family | 5 | 3 | 2,288 | $749,000 | — | |
| 301 SW 36th Ave | single_family | 5 | 3 | 925 | $750,000 | — |
10-year hold projection
IRR0.1%
Equity multiple1.02x
Total return (10yr)$151,724
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,158,750 | $31,170 | -$42,029 | $890,242 | $268,508 |
| 2 | $1,193,513 | $32,298 | -$40,996 | $879,814 | $313,699 |
| 3 | $1,229,318 | $33,466 | -$39,926 | $868,670 | $360,648 |
| 4 | $1,266,197 | $34,673 | -$38,819 | $856,760 | $409,437 |
| 5 | $1,304,183 | $35,921 | -$37,672 | $844,033 | $460,150 |
| 6 | $1,343,309 | $37,212 | -$36,486 | $830,432 | $512,877 |
| 7 | $1,383,608 | $38,547 | -$35,258 | $815,897 | $567,712 |
| 8 | $1,425,116 | $39,928 | -$33,988 | $800,363 | $624,753 |
| 9 | $1,467,870 | $41,356 | -$32,673 | $783,763 | $684,107 |
| 10 | $1,511,906 | $42,832 | -$31,312 | $766,023 | $745,883 |
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.