2884 SW 36th Ave
Miami, FL 33133 · multi_family · For Sale · 23 days on market
Asking price$1,279,000
6 beds 4 baths 2,932 sqft
Suggested offer$1,236,749$42,251 above the est. market value of $1,236,749.
View on Realtor.com →Listed by Jonathan Minerick · HOMECOIN.COM
Typemulti_family
Built2004
Price / sqft$436
Est. value (own analysis)$1,236,749
Rent estimate (building total, own analysis)$12,655/mo
HOANone
1 / 18
Show every detail
Statusfor_sale
Listed date2026-08-10
Removed date—
MLSMiamiMLS #A12066664
Coordinates25.73734, -80.25241
Address2884 SW 36th Ave
CityMiami
StateFL
Zip33133
Listing ID5618359964
Sourceus-real-estate-listings, cached 2026-08-30
ZIP market snapshot (33133)
Typical home value (ZHVI)$1,352,044
Typical rent (ZORI)$3,793/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 | $1,279,000 |
| Down payment (20.0%) | $255,800 |
| Loan amount | $1,023,200 |
| Closing costs (5.0%) | $63,950 |
| Total cash to close | $319,750 |
| Income | |
| Rent (estimate) | $12,655$151,866 |
| Vacancy loss (8.0%) | |
| Effective gross income | $11,643$139,716 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,025$24,301 |
| Insurance (placeholder 0.8% of price) | $853$10,232 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $633$7,593 |
| Total operating expenses | $3,511$42,126 |
| 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) | $633$7,593 |
| 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 |
|---|---|---|---|---|---|---|
| 3374 Day Ave | multi_family | 6 | 4 | 3,570 | $1,450,000 | 2026-08-07 |
| 3520 SW 25th St | multi_family | 6 | 4 | 2,380 | $1,175,000 | 2026-07-01 |
| 3268 Gifford Ln | multi_family | 6 | 4 | 3,888 | $1,640,000 | 2026-06-26 |
| 3156 Plaza St | multi_family | 6 | 4 | 4,808 | $1,000,000 | 2026-02-12 |
| 3253 Percival Ave | multi_family | 6 | 4 | 4,040 | $2,000,000 | 2026-01-07 |
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 |
|---|---|---|---|---|---|---|
| 3835 Carole Ct | single_family | 6 | 8 | 9,561 | $16,400,000 | — |
| 2655 S Bayshore Dr Unit 1801-02 | condos | 6 | 7 | 4,833 | $14,750,000 | — |
| 2100 SW 25th St | single_family | 6 | 3 | 2,147 | $450,000 | — |
| 3231 SW 25th St | multi_family | 6 | 3 | 2,027 | $1,075,000 | — |
| 3036 Center St | multi_family | 6 | 4 | 2,322 | $1,795,000 | — |
| 2635 SW 34th Ct | multi_family | 6 | 4 | 2,942 | $1,275,000 | — |
| 1818 Espanola Dr | single_family | 6 | 5 | 4,334 | $4,195,000 | — |
| 2 Grove Isle Dr Unit B801-802 | condos | 6 | 5 | 5,012 | $6,900,000 | — |
10-year hold projection
IRR13.8%
Equity multiple3.13x
Total return (10yr)$847,808
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,317,370 | $97,590 | $11,093 | $1,012,106 | $305,264 |
| 2 | $1,356,891 | $100,728 | $14,041 | $1,000,251 | $356,640 |
| 3 | $1,397,598 | $103,966 | $17,084 | $987,581 | $410,017 |
| 4 | $1,439,526 | $107,306 | $20,225 | $974,041 | $465,485 |
| 5 | $1,482,712 | $110,753 | $23,467 | $959,572 | $523,140 |
| 6 | $1,527,193 | $114,308 | $26,812 | $944,108 | $583,085 |
| 7 | $1,573,009 | $117,975 | $30,265 | $927,583 | $645,425 |
| 8 | $1,620,199 | $121,759 | $33,828 | $909,923 | $710,276 |
| 9 | $1,668,805 | $125,662 | $37,506 | $891,051 | $777,754 |
| 10 | $1,718,869 | $129,688 | $41,301 | $870,882 | $847,987 |
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.