9311 SW 37th St
Miami, FL 33165 · multi_family · For Sale · 393 days on market
Asking price$799,000
4 beds 4 baths 2,106 sqft
Listed by Delia Abreu · Keller Williams Realty Premier
Typemulti_family
Built1963
Price / sqft$379
Est. value (own analysis)$839,526
Rent estimate (building total, own analysis)$5,455/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeAir2/10MinorFlood1/10minimal$Wildfire1/10Minimal
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Statusfor_sale
Listed date2025-08-05
Removed date—
MLSMiamiMLS #A11852709
Coordinates25.73583, -80.34605
Address9311 SW 37th St
CityMiami
StateFL
Zip33165
Listing ID5719499732
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 | $799,000 |
| Down payment (20.0%) | $159,800 |
| Loan amount | $639,200 |
| Closing costs (5.0%) | $39,950 |
| Total cash to close | $199,750 |
| Income | |
| Rent (estimate) | $5,455$65,454 |
| Vacancy loss (8.0%) | |
| Effective gross income | $5,018$60,218 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,265$15,181 |
| Insurance (est. scaled by flood & wind risk) | $799$9,588 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $273$3,273 |
| Total operating expenses | $2,337$28,042 |
| 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) | $273$3,273 |
| 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 | — |
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 |
|---|---|---|---|---|---|---|
| 2525 SW 107th Ct | single_family | 4 | 4 | 3,373 | $899,000 | — |
| 3352 SW 110th Ave | single_family | 4 | 4 | 3,170 | $2,199,517 | — |
| 5241 SW 104th Ave | single_family | 4 | 5 | 2,749 | $1,145,000 | — |
| 11390 SW 30th St | single_family | 4 | 3 | 3,584 | $2,800,000 | — |
| 10240 SW 35th St | single_family | 4 | 3 | 1,525 | $769,999 | — |
| 9007 SW 38th St | multi_family | 4 | 5 | 1,686 | $974,900 | — |
| 9551 SW 49th St | single_family | 4 | 3 | 1,300 | $885,000 | — |
| 9951 SW 41st Ter | single_family | 4 | 4 | — | $1,695,000 | — |
10-year hold projection
IRR3.5%
Equity multiple1.56x
Total return (10yr)$216,528
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $822,970 | $32,176 | -$20,388 | $632,270 | $190,700 |
| 2 | $847,659 | $33,282 | -$19,365 | $624,863 | $222,796 |
| 3 | $873,089 | $34,424 | -$18,306 | $616,949 | $256,140 |
| 4 | $899,282 | $35,604 | -$17,212 | $608,490 | $290,791 |
| 5 | $926,260 | $36,823 | -$16,081 | $599,451 | $326,809 |
| 6 | $954,048 | $38,083 | -$14,912 | $589,791 | $364,257 |
| 7 | $982,669 | $39,384 | -$13,704 | $579,468 | $403,201 |
| 8 | $1,012,149 | $40,728 | -$12,454 | $568,436 | $443,714 |
| 9 | $1,042,514 | $42,116 | -$11,163 | $556,646 | $485,868 |
| 10 | $1,073,789 | $43,551 | -$9,829 | $544,046 | $529,743 |
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.