1305 NW 5th Ave
Florida City, FL 33034 · single_family · For Sale · 7 days on market
Asking price$424,900
3 beds 2 baths 1,617 sqft
Listed by Ralph Goicouria · Keller Williams Elite Properties
Typesingle_family
Built1957
Price / sqft$263
Est. value (own analysis)$477,937
Rent estimate (own analysis)$2,588/mo
HOANone
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Statusfor_sale
Listed date2026-08-26
Removed date—
MLSMiamiMLS #A12078420
Coordinates25.45979, -80.48304
Address1305 NW 5th Ave
CityFlorida City
StateFL
Zip33034
Listing ID5692753395
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33034)
Typical home value (ZHVI)$382,671
Typical rent (ZORI)$2,436/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 | $424,900 |
| Down payment (20.0%) | $84,980 |
| Loan amount | $339,920 |
| Closing costs (5.0%) | $21,245 |
| Total cash to close | $106,225 |
| Income | |
| Rent (comp-derived) | $2,588$31,050 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,381$28,566 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $673$8,073 |
| Insurance (placeholder 0.8% of price) | $283$3,399 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $129$1,553 |
| Total operating expenses | $1,085$13,025 |
| 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) | $129$1,553 |
| 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 | 3 | 2 | 1,968 | $3,225 | 2026-06-13 | — | |
| single_family | 3 | 2 | 1,099 | $2,100 | 2026-07-01 | — | |
| single_family | 3 | 3 | 1,574 | $2,500 | 2026-08-23 | — | |
| single_family | 3 | 2 | 1,459 | $2,450 | 2026-07-29 | — | |
| single_family | 3 | 2 | 1,053 | $2,200 | 2026-06-26 | — | |
| single_family | 3 | 2 | 1,175 | $2,675 | 2026-05-26 | — | |
| single_family | 3 | 2 | 1,170 | $2,700 | 2026-08-10 | — | |
| single_family | 3 | 2 | 1,200 | $2,300 | 2026-07-19 | — | |
| single_family | 3 | 3 | 1,469 | $3,000 | 2026-06-18 | — | |
| single_family | 3 | 3 | 1,642 | $2,750 | — | — | |
| single_family | 3 | 3 | 1,414 | $2,400 | — | — | |
| single_family | 3 | 3 | 1,431 | $2,700 | — | — | |
| single_family | 3 | 3 | 1,376 | $3,000 | — | — | |
| single_family | 3 | 2 | 1,230 | $2,500 | — | — | |
| single_family | 3 | 2 | 1,099 | $2,300 | 2026-07-27 | — | |
| single_family | 3 | 1 | 1,196 | $3,300 | 2026-08-29 | — |
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 |
|---|---|---|---|---|---|---|
| 990 SW 9th Ct | single_family | 3 | 2 | 1,053 | $379,900 | 2026-08-12 |
| 578 SW 2nd St | single_family | 3 | 2 | 1,196 | $444,000 | 2026-08-07 |
| 655 SW 4th Ter | single_family | 3 | 1 | 2,283 | $225,000 | 2026-07-02 |
| 1616 NW 7th Pl | single_family | 3 | 2 | 1,358 | $389,000 | 2026-05-26 |
| 743 NW 7th Ave | single_family | 3 | 1 | 1,075 | $415,000 | 2026-05-20 |
| 19555 SW 339th Ter | single_family | 3 | 3 | 1,732 | $512,000 | 2026-05-18 |
| 600 NE 5th Ter | single_family | 3 | 2 | 1,521 | $449,500 | 2026-04-16 |
| 19225 SW 334th St | single_family | 3 | 1 | 880 | $430,000 | 2026-04-15 |
| 18860 SW 354th Ter | single_family | 3 | 2 | 1,440 | $560,000 | 2026-04-07 |
| 624 NE 5th Way | single_family | 3 | 2 | 1,521 | $420,000 | 2026-02-12 |
| 432 NW 15th St | single_family | 3 | 2 | 1,092 | $320,000 | 2026-02-12 |
| 561 NW 10 Ct | single_family | 3 | 3 | — | $303,475 | 2026-02-03 |
| 19645 SW 339th Ter | single_family | 3 | 2 | 1,749 | $511,600 | 2025-12-30 |
| 34480 SW 191st Ave | single_family | 3 | 3 | — | $395,000 | 2025-12-03 |
| 854 SW 9th Ct | single_family | 3 | 2 | 1,344 | $283,000 | 2025-10-15 |
| 175 SW 6th Ln | single_family | 3 | 2 | 1,276 | $300,000 | 2025-10-10 |
| 1461 NW 2nd Ct | single_family | 3 | 1 | 858 | $255,000 | 2025-10-09 |
| 360 SW 3rd St | single_family | 3 | 1 | 1,300 | $395,000 | 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 |
|---|---|---|---|---|---|---|
| 1431 NE 5th Avenue | townhomes | 3 | 2 | 1,448 | $450,990 | — |
| 35605 SW 180th Ave | single_family | 3 | 2 | 1,414 | $342,990 | — |
| 35817 SW 178th Ct | townhomes | 3 | 3 | 1,338 | $393,790 | — |
| SW 328 St & SW 172nd Ave | single_family | 3 | 2 | 1,545 | $363,990 | — |
| 18917 SW 357 St | condo_townhome_rowhome_coop | 3 | 3 | 1,460 | $347,090 | — |
| 18927 SW 357 St | condo_townhome_rowhome_coop | 3 | 3 | 1,373 | $343,590 | — |
| SW 336 St & SW 194 Ave | single_family | 3 | 2 | 1,732 | $546,990 | — |
| 35605 SW 180th Ave | single_family | 3 | 2 | 1,545 | $351,990 | — |
10-year hold projection
IRR2.5%
Equity multiple1.41x
Total return (10yr)$98,764
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $437,647 | $15,541 | -$12,224 | $336,234 | $101,413 |
| 2 | $450,776 | $16,073 | -$11,732 | $332,296 | $118,481 |
| 3 | $464,300 | $16,621 | -$11,223 | $328,087 | $136,213 |
| 4 | $478,229 | $17,189 | -$10,696 | $323,589 | $154,640 |
| 5 | $492,576 | $17,774 | -$10,152 | $318,782 | $173,794 |
| 6 | $507,353 | $18,379 | -$9,590 | $313,645 | $193,708 |
| 7 | $522,573 | $19,005 | -$9,009 | $308,155 | $214,419 |
| 8 | $538,251 | $19,650 | -$8,408 | $302,288 | $235,963 |
| 9 | $554,398 | $20,317 | -$7,788 | $296,018 | $258,380 |
| 10 | $571,030 | $21,006 | -$7,146 | $289,318 | $281,712 |
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.