2893-2895 SW 37th Ct
Miami, FL 33134 · multi_family · Pending — under contract · 28 days on market
Asking price$915,000
4 beds 3 baths 1,935 sqft
Listed by Eric Firestone | South Miami Realtor · Avanti Way
Typemulti_family
Built1947
Price / sqft$473
Est. value (own analysis)$941,485
Rent estimate (building total, own analysis)$7,360/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood4/10moderate$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-08-05
Removed date—
MLSMiamiMLS #A12065838
Coordinates25.73714, -80.25492
Address2893-2895 SW 37th Ct
CityMiami
StateFL
Zip33134
Listing ID5712325749
Sourceus-real-estate-listings, cached 2026-08-30
ZIP market snapshot (33134)
Typical home value (ZHVI)$887,965
Typical rent (ZORI)$3,095/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 | $915,000 |
| Down payment (20.0%) | $183,000 |
| Loan amount | $732,000 |
| Closing costs (5.0%) | $45,750 |
| Total cash to close | $228,750 |
| Income | |
| Rent (estimate) | $7,360$88,321 |
| Vacancy loss (8.0%) | |
| Effective gross income | $6,771$81,256 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,449$17,385 |
| Insurance (est. scaled by flood & wind risk) | $976$11,712 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $368$4,416 |
| Total operating expenses | $2,793$33,513 |
| 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) | $368$4,416 |
| 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
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| multi_family | 4 | 2 | 1,686 | $3,400 | 2026-08-24 | — |
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 |
|---|---|---|---|---|---|---|
| 3731 SW 27th St | multi_family | 4 | 2 | 1,715 | $812,000 | 2026-04-21 |
| 1231 Columbus Blvd | multi_family | 4 | 1 | 2,366 | $1,600,000 | 2026-04-13 |
| 4100 SW 9th Ter | multi_family | 4 | 2 | 1,562 | $760,000 | 2025-09-09 |
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 |
|---|---|---|---|---|---|---|
| 4701 SW 7th St | single_family | 4 | 3 | 1,830 | $750,000 | — |
| 4870 SW 6th St | single_family | 4 | 3 | 1,682 | $700,000 | — |
| 3788 SW 27th Ln | multi_family | 4 | 2 | 1,980 | $1,250,000 | — |
| 5330 SW 7th St | single_family | 4 | 3 | 2,424 | $2,500,000 | — |
| 4450 W Flagler St | multi_family | 4 | 4 | 2,103 | $1,000,000 | — |
| 4251 SW 11th St | single_family | 4 | 4 | 3,736 | $2,990,000 | — |
| 2841 SW 38th Ct Unit B | townhomes | 4 | 4 | 2,671 | $1,950,000 | — |
| 3750 SW 27th St | multi_family | 4 | 2 | 1,690 | $1,174,999 | — |
10-year hold projection
IRR6.8%
Equity multiple2.08x
Total return (10yr)$365,740
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $942,450 | $47,743 | -$13,122 | $724,063 | $218,387 |
| 2 | $970,724 | $49,342 | -$11,632 | $715,582 | $255,142 |
| 3 | $999,845 | $50,995 | -$10,093 | $706,518 | $293,327 |
| 4 | $1,029,841 | $52,700 | -$8,504 | $696,832 | $333,009 |
| 5 | $1,060,736 | $54,462 | -$6,861 | $686,480 | $374,256 |
| 6 | $1,092,558 | $56,281 | -$5,164 | $675,418 | $417,140 |
| 7 | $1,125,335 | $58,159 | -$3,411 | $663,596 | $461,739 |
| 8 | $1,159,095 | $60,098 | -$1,600 | $650,962 | $508,133 |
| 9 | $1,193,867 | $62,100 | $271 | $637,460 | $556,407 |
| 10 | $1,229,683 | $64,167 | $2,204 | $623,031 | $606,652 |
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.