1380 71st St

Miami Beach, FL 33141 · single_family · For Sale · 101 days on market
Asking price$1,100,000
5 beds 3 baths 1,860 sqft
View on Realtor.com →
Listed by Digna Martinez · Avenew Realty Corp
Typesingle_family
Built1949
Price / sqft$591
Est. value (own analysis)$3,544,843
Rent estimate (own analysis)$15,900/mo
HOANone
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Neighborhood

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Statusfor_sale
Listed date2026-05-24
Removed date
MLSMiamiMLS #A12024499
Coordinates25.85338, -80.13364
Address1380 71st St
CityMiami Beach
StateFL
Zip33141
Listing ID5632975674
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)

Purchase price$1,100,000
Down payment (20.0%)$220,000
Loan amount$880,000
Closing costs (5.0%)$55,000
Total cash to close$275,000
Rent (comp-derived)$15,900$190,800
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$190,800
Vacancy rate (assumption) assumption8.0%

$190,800 × 8.0% = $15,264

Effective gross income$14,628$175,536
Property tax (placeholder 1.9% of price)$1,742$20,900
Insurance (placeholder 0.8% of price)$733$8,800
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$795$9,540
Total operating expenses$3,270$39,240
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$175,536
Total operating expenses derived$39,240

$175,536 − $39,240 = $136,296

Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing)

Monthly Principal & Interest

Standard amortization on the loan amount, at the effective rate and term

Loan amount derived$880,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$880,000 amortized at 6.7% over 30 years = $5,655/mo

CapEx reserve (5.0% of GSR)$795$9,540
Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%)$0$0
Cash flow

Monthly Cash Flow

(NOI − Annual Debt Service − Annual CapEx Reserve − Annual PMI) ÷ 12

NOI derived$136,296
Annual debt service derived$67,861
Annual CapEx reserve assumption$9,540
Annual PMI assumption$0

($136,296 − $67,861 − $9,540 − $0) ÷ 12 = $4,908

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$136,296
Purchase price data$1,100,000

$136,296 ÷ $1,100,000 = 12.4%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived$58,895
Total cash to close derived$275,000

$58,895 ÷ $275,000 = 21.4%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$136,296
Annual debt service derived$67,861

$136,296 ÷ $67,861 = 2.01

Rent-to-price (1% rule)

Rent-to-Price (the "1% rule")

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$190,800
Purchase price data$1,100,000

($190,800 ÷ 12) ÷ $1,100,000 = 1.4%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$1,100,000
Gross scheduled rent (annual) comp$190,800

$1,100,000 ÷ $190,800 = 5.8

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$39,240
Effective gross income derived$175,536

$39,240 ÷ $175,536 = 22.4%

Break-even occupancy

Break-Even Occupancy

(Total OpEx + Annual Debt Service + Annual PMI) ÷ Gross Scheduled Rent

Total operating expenses derived$39,240
Annual debt service derived$67,861
Annual PMI assumption$0
Gross scheduled rent (annual) comp$190,800

($39,240 + $67,861 + $0) ÷ $190,800 = 56.1%

Comparables

Same ZIP. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family531,860$5,5002026-05-25
single_family542,480$15,9002026-08-03
single_family532,056$19,0002026-06-11

1380 71st St Unit 1380

Miami Beach, 33141 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage1,860
Listed2026-05-25
Days on market

Asking rent: $5,500

View on Zillow →

1451 Stillwater Dr

Miami Beach, 33141 · rent comp

Bedrooms / bathrooms5 bd / 4 ba
Square footage2,480
Listed2026-08-03
Days on market

Asking rent: $15,900

View on Zillow →

1460 Cleveland Rd

Miami Beach, 33141 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage2,056
Listed2026-06-11
Days on market

Asking rent: $19,000

View on Zillow →

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
7815 Atlantic Waysingle_family575,868$22,000,0002026-09-02
1311 Bay Drsingle_family552,842$2,950,0002026-08-14
1040 S Shore Drsingle_family555,647$4,400,0002026-08-03
7724 Hawthorne Avesingle_family553,000$2,375,0002026-07-31
11 LA Gorce Cirsingle_family565,656$10,500,0002026-06-30
6693 Windsor Lnsingle_family543,695$5,950,0002026-06-25
1351 Stillwater Drsingle_family563,798$7,500,0002026-06-18
1825 Cleveland Rdsingle_family564,473$9,000,0002026-05-11
6465 Pinetree Drive Cirsingle_family554,432$12,200,0002026-04-24
1750 Bay Drsingle_family544,428$9,450,0002026-04-09
1165 N Biscayne Point Rdsingle_family554,796$11,425,0002026-02-26
7960 Biscayne Point Cirsingle_family576,408$10,800,0002026-01-23
1844 Daytonia Rdsingle_family565,352$10,200,0002026-01-05
1730 Bay Drsingle_family534,386$8,800,0002025-12-05
7720 Miami View Dr Miami View Drsingle_family545,081$9,500,0002025-10-12

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.

AddressTypeBedsBathsSqftAsking priceDays on market
8221 Crespi Blvdsingle_family553,104$1,850,000
535 N Shore Drsingle_family575,094$14,999,000
1131 Stillwater Drsingle_family543,851$5,950,000
6300 Allison Rdsingle_family554,035$8,450,000
6491 Allison Rdsingle_family553,985$14,500,000
1540 Cleveland Rdsingle_family542,849$4,760,000
1398 Bay Drsingle_family564,115$12,000,000
7701 Coquina Drsingle_family564,410$5,450,000

10-year hold projection

IRR28.8%
Equity multiple5.19x
Total return (10yr)$1,296,517
YearProperty valueNOICash flowLoan balanceEquity
1$1,133,000$136,296$58,895$870,459$262,541
2$1,166,990$140,581$62,941$860,262$306,728
3$1,202,000$145,000$67,115$849,366$352,634
4$1,238,060$149,556$71,421$837,721$400,339
5$1,275,201$154,254$75,862$825,276$449,925
6$1,313,458$159,098$80,443$811,977$501,480
7$1,352,861$164,093$85,168$797,765$555,096
8$1,393,447$169,243$90,042$782,576$610,871
9$1,435,251$174,554$95,069$766,345$668,905
10$1,478,308$180,029$100,254$748,999$729,309
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.
All figures are estimates for evaluation purposes only, not investment, tax, legal, or insurance advice. Property tax is estimated from a real matched tax bill or millage rate when available, a placeholder % of price otherwise; insurance is scaled by flood and wind risk where those are known and a flat percentage otherwise — never a real quote. Verify all of them, along with association restrictions and permit status, before committing capital. Rent estimates come from real comps or Zillow’s ZIP index, not appraisals.