3515-3517 SW 91st Ave
Miami, FL 33165 · multi_family · For Sale · 58 days on market
Asking price$1,299,000
6 beds 4 baths 2,234 sqft
Suggested offer$890,552$408,448 above the est. market value of $890,552.
View on Realtor.com →Listed by Roberto Cepero · Mutual Trust Realty
Typemulti_family
Built1966
Price / sqft$581
Est. value (own analysis)$890,552
Rent estimate (building total, own analysis)$5,786/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood3/10moderate$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-07-06
Removed date—
MLSMiamiMLS #A12048708
Coordinates25.73728, -80.34243
Address3515-3517 SW 91st Ave
CityMiami
StateFL
Zip33165
Listing ID5718120892
Sourceus-real-estate-listings, cached 2026-09-01
ZIP market snapshot (33165)
Typical home value (ZHVI)$684,538
Typical rent (ZORI)$3,219/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 | $1,299,000 |
| Down payment (20.0%) | $259,800 |
| Loan amount | $1,039,200 |
| Closing costs (5.0%) | $64,950 |
| Total cash to close | $324,750 |
| Income | |
| Rent (estimate) | $5,786$69,433 |
| Vacancy loss (8.0%) | |
| Effective gross income | $5,323$63,878 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,057$24,681 |
| Insurance (est. scaled by flood & wind risk) | $1,386$16,627 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $289$3,472 |
| Total operating expenses | $3,732$44,780 |
| 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) | $289$3,472 |
| 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.
Widened to any bedroom count in ZIP. 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 |
|---|---|---|---|---|---|---|
| 5717636435 | multi_family | — | — | 2,094 | $790,000 | 2026-09-01 |
| 3630 SW 87th Ave | multi_family | — | — | 2,150 | $980,000 | 2026-08-31 |
| 8881 SW 28th St | multi_family | 5 | 4 | 3,138 | $1,300,000 | 2026-08-14 |
| 9385-9387 SW 37th St | multi_family | — | — | 2,040 | $826,000 | 2026-08-07 |
| 3840 SW 91st Ave | multi_family | — | — | 1,057 | $750,000 | 2026-08-07 |
| 2700 SW 89th Ave | multi_family | 6 | 4 | 3,819 | $1,200,000 | 2026-07-22 |
| 3827 SW 88th Ct | multi_family | 4 | — | 2,095 | $800,000 | 2026-06-11 |
| 9601-9603 SW 36th St | multi_family | — | — | 1,566 | $750,000 | 2026-04-16 |
| 9221 SW 39th St | multi_family | — | — | 2,052 | $818,000 | 2026-04-13 |
| 3001 SW 106th Ave | multi_family | 3 | 2 | 2,136 | $700,000 | 2026-03-02 |
| 3520 SW 88th Pl | multi_family | — | — | 1,685 | $879,000 | 2025-12-05 |
| 3620 SW 94th Ave | multi_family | — | — | 4,458 | $1,445,000 | 2025-12-01 |
| 9241 SW 39th St | multi_family | — | — | 2,052 | $795,000 | 2025-10-08 |
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 |
|---|---|---|---|---|---|---|
| 10920 Westwood Lake Dr | single_family | 6 | 2 | 2,311 | $819,900 | — |
| 9415 SW 38th St | multi_family | 6 | 4 | 2,612 | $1,300,000 | — |
| 3630 SW 87th Ave | multi_family | 6 | 3 | 2,150 | $1,142,000 | — |
10-year hold projection
IRR-3.3%
Equity multiple0.45x
Total return (10yr)-$8,224
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,337,970 | $19,098 | -$64,512 | $1,027,933 | $310,037 |
| 2 | $1,378,109 | $19,895 | -$63,801 | $1,015,892 | $362,217 |
| 3 | $1,419,452 | $20,721 | -$63,064 | $1,003,024 | $416,428 |
| 4 | $1,462,036 | $21,578 | -$62,298 | $989,272 | $472,764 |
| 5 | $1,505,897 | $22,467 | -$61,503 | $974,577 | $531,320 |
| 6 | $1,551,074 | $23,388 | -$60,678 | $958,872 | $592,202 |
| 7 | $1,597,606 | $24,343 | -$59,821 | $942,088 | $655,518 |
| 8 | $1,645,534 | $25,333 | -$58,932 | $924,152 | $721,382 |
| 9 | $1,694,900 | $26,359 | -$58,009 | $904,984 | $789,916 |
| 10 | $1,745,747 | $27,423 | -$57,051 | $884,500 | $861,247 |
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.