1478 NW 2nd Ave
Florida City, FL 33034 · multi_family · For Sale · 9 days on market
Asking price$625,000
4 beds 4 baths 2,280 sqft
Suggested offer$382,671$242,329 above the est. market value of $382,671.
View on Realtor.com →Listed by Cinthia Rai · Keyes - Homestead
Typemulti_family
Built1956
Price / sqft$274
Est. value (Zillow ZIP avg)$382,671
Rent estimate (building total, own analysis)$4,286/mo
HOANone
1 / 75
Show every detail
Statusfor_sale
Listed date2026-08-24
Removed date—
MLSMiamiMLS #A12076899
Coordinates25.46156, -80.48041
Address1478 NW 2nd Ave
CityFlorida City
StateFL
Zip33034
Listing ID5724056787
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 | $625,000 |
| Down payment (20.0%) | $125,000 |
| Loan amount | $500,000 |
| Closing costs (5.0%) | $31,250 |
| Total cash to close | $156,250 |
| Income | |
| Rent (estimate) | $4,286$51,437 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,943$47,322 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $990$11,875 |
| Insurance (placeholder 0.8% of price) | $417$5,000 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $214$2,572 |
| Total operating expenses | $1,621$19,447 |
| 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) | $214$2,572 |
| 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.
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.
No recent recorded sales cached yet for this ZIP.
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 |
|---|---|---|---|---|---|---|
| E Palm Dr & US 1 | townhomes | 4 | 3 | 1,557 | $999,999 | — |
| 19658 SW 337th Ter | single_family | 4 | 3 | 1,827 | $556,990 | — |
| SW 336 St & SW 194 Ave | single_family | 4 | 3 | 1,827 | $556,990 | — |
| 34870 SW 191st Court | single_family | 4 | 3 | 2,085 | $575,990 | — |
| 18925 SW 357 St | single_family | 4 | 3 | 1,552 | $365,740 | — |
| 35605 SW 180th Ave | single_family | 4 | 2 | 1,813 | $458,990 | — |
| SW 336 St & SW 194 Ave | single_family | 4 | 2 | 2,183 | $539,990 | — |
| 19424 SW 336th Ter | single_family | 4 | 3 | 1,827 | $556,990 | — |
10-year hold projection
IRR4.7%
Equity multiple1.75x
Total return (10yr)$199,612
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $643,750 | $27,875 | -$13,254 | $494,579 | $149,171 |
| 2 | $663,063 | $28,809 | -$12,385 | $488,786 | $174,277 |
| 3 | $682,954 | $29,772 | -$11,487 | $482,594 | $200,360 |
| 4 | $703,443 | $30,768 | -$10,559 | $475,978 | $227,465 |
| 5 | $724,546 | $31,796 | -$9,601 | $468,907 | $255,639 |
| 6 | $746,283 | $32,857 | -$8,611 | $461,351 | $284,931 |
| 7 | $768,671 | $33,952 | -$7,588 | $453,276 | $315,395 |
| 8 | $791,731 | $35,084 | -$6,531 | $444,647 | $347,085 |
| 9 | $815,483 | $36,252 | -$5,439 | $435,424 | $380,059 |
| 10 | $839,948 | $37,458 | -$4,312 | $425,569 | $414,379 |
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.