378 SW 6th St

Florida City, FL 33034 · single_family · For Sale · 6 days on market
Asking price$535,000
3 beds 2 baths 1,732 sqft
Suggested offer$511,927$23,073 above the est. market value of $511,927.
View on Realtor.com →
Listed by Yurima Martin Ramos · Martin Realty Group Corp
Typesingle_family
Built1955
Price / sqft$309
Est. value (own analysis)$511,927
Rent estimate (own analysis)$2,700/mo
HOANone
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Neighborhood

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Statusfor_sale
Listed date2026-08-27
Removed date
MLSMiamiMLS #A12079081
Coordinates25.44195, -80.48236
Address378 SW 6th St
CityFlorida City
StateFL
Zip33034
Listing ID5695026617
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)

Purchase price$535,000
Down payment (20.0%)$107,000
Loan amount$428,000
Closing costs (5.0%)$26,750
Total cash to close$133,750
Rent (comp-derived)$2,700$32,400
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$32,400
Vacancy rate (assumption) assumption8.0%

$32,400 × 8.0% = $2,592

Effective gross income$2,484$29,808
Property tax (placeholder 1.9% of price)$847$10,165
Insurance (placeholder 0.8% of price)$357$4,280
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$135$1,620
Total operating expenses$1,339$16,065
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$29,808
Total operating expenses derived$16,065

$29,808 − $16,065 = $13,743

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$428,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$428,000 amortized at 6.7% over 30 years = $2,750/mo

CapEx reserve (5.0% of GSR)$135$1,620
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$13,743
Annual debt service derived$33,005
Annual CapEx reserve assumption$1,620
Annual PMI assumption$0

($13,743 − $33,005 − $1,620 − $0) ÷ 12 = -$1,740

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$13,743
Purchase price data$535,000

$13,743 ÷ $535,000 = 2.6%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$20,882
Total cash to close derived$133,750

-$20,882 ÷ $133,750 = -15.6%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$13,743
Annual debt service derived$33,005

$13,743 ÷ $33,005 = 0.42

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$32,400
Purchase price data$535,000

($32,400 ÷ 12) ÷ $535,000 = 0.5%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$535,000
Gross scheduled rent (annual) comp$32,400

$535,000 ÷ $32,400 = 16.5

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$16,065
Effective gross income derived$29,808

$16,065 ÷ $29,808 = 53.9%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$16,065
Annual debt service derived$33,005
Annual PMI assumption$0
Gross scheduled rent (annual) comp$32,400

($16,065 + $33,005 + $0) ÷ $32,400 = 151.5%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family321,968$3,2252026-06-13
single_family331,574$2,5002026-08-23
single_family321,459$2,4502026-07-29
single_family321,175$2,6752026-05-26
single_family321,170$2,7002026-08-10
single_family321,200$2,3002026-07-19
single_family331,469$3,0002026-06-18
single_family331,642$2,750
single_family331,414$2,400
single_family331,431$2,700
single_family331,376$3,000
single_family321,230$2,500
single_family311,196$3,3002026-08-29

18800 SW 352nd St

Homestead, 33034 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,968
Listed2026-06-13
Days on market

Asking rent: $3,225

View on Zillow →

1124 SE 3rd St

Florida City, 33034 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,574
Listed2026-08-23
Days on market

Asking rent: $2,500

View on Zillow →

455 NW 14th St

Florida City, 33034 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,459
Listed2026-07-29
Days on market

Asking rent: $2,450

View on Zillow →

639 SW 3rd Ter

Homestead, 33034 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,175
Listed2026-05-26
Days on market

Asking rent: $2,675

View on Zillow →

Florida City, 33034 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,170
Listed2026-08-10
Days on market

Asking rent: $2,700

View on Zillow →

320 SE 26 Ter Unit Na

Cape Coral, 33034 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,200
Listed2026-07-19
Days on market

Asking rent: $2,300

View on Zillow →

Florida City, 33034 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,469
Listed2026-06-18
Days on market

Asking rent: $3,000

View on Zillow →

1427 SE 7th Ter

Homestead, 33034 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,642
Listed
Days on market

Asking rent: $2,750

View on Zillow →

17854 SW 358th St

Homestead, 33034 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,414
Listed
Days on market

Asking rent: $2,400

View on Zillow →

2514 SE 29 St Unit Altamira

Homestead, 33034 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,431
Listed
Days on market

Asking rent: $2,700

View on Zillow →

117 NE 3rd Ct

Homestead, 33034 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,376
Listed
Days on market

Asking rent: $3,000

View on Zillow →

594 NW 14th St

Florida City, 33034 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,230
Listed
Days on market

Asking rent: $2,500

View on Zillow →

408 NW 12th St Unit 0

Florida City, 33034 · rent comp

Bedrooms / bathrooms3 bd / 1 ba
Square footage1,196
Listed2026-08-29
Days on market

Asking rent: $3,300

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
990 SW 9th Ctsingle_family321,053$379,9002026-08-12
578 SW 2nd Stsingle_family321,196$444,0002026-08-07
655 SW 4th Tersingle_family312,283$225,0002026-07-02
1616 NW 7th Plsingle_family321,358$389,0002026-05-26
743 NW 7th Avesingle_family311,075$415,0002026-05-20
19555 SW 339th Tersingle_family331,732$512,0002026-05-18
600 NE 5th Tersingle_family321,521$449,5002026-04-16
19225 SW 334th Stsingle_family31880$430,0002026-04-15
18860 SW 354th Tersingle_family321,440$560,0002026-04-07
624 NE 5th Waysingle_family321,521$420,0002026-02-12
432 NW 15th Stsingle_family321,092$320,0002026-02-12
561 NW 10 Ctsingle_family33$303,4752026-02-03
19645 SW 339th Tersingle_family321,749$511,6002025-12-30
34480 SW 191st Avesingle_family33$395,0002025-12-03
854 SW 9th Ctsingle_family321,344$283,0002025-10-15
175 SW 6th Lnsingle_family321,276$300,0002025-10-10
1461 NW 2nd Ctsingle_family31858$255,0002025-10-09
360 SW 3rd Stsingle_family311,300$395,0002025-09-29

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.

AddressTypeBedsBathsSqftAsking priceDays on market
1431 NE 5th Avenuetownhomes321,448$450,990
35605 SW 180th Avesingle_family321,414$342,990
35817 SW 178th Cttownhomes331,338$393,790
SW 328 St & SW 172nd Avesingle_family321,545$363,990
18917 SW 357 Stcondo_townhome_rowhome_coop331,460$347,090
18927 SW 357 Stcondo_townhome_rowhome_coop331,373$343,590
SW 336 St & SW 194 Avesingle_family321,732$546,990
35605 SW 180th Avesingle_family321,545$351,990

10-year hold projection

IRR-0.4%
Equity multiple0.94x
Total return (10yr)$61,239
YearProperty valueNOICash flowLoan balanceEquity
1$551,050$13,743-$20,882$423,360$127,690
2$567,582$14,236-$20,430$418,400$149,181
3$584,609$14,745-$19,962$413,101$171,508
4$602,147$15,272-$19,478$407,437$194,710
5$620,212$15,816-$18,977$401,385$218,827
6$638,818$16,380-$18,459$394,917$243,901
7$657,983$16,962-$17,922$388,004$269,978
8$677,722$17,564-$17,367$380,617$297,105
9$698,054$18,186-$16,793$372,723$325,331
10$718,995$18,830-$16,199$364,287$354,708
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.