3036 Center St
Miami, FL 33133 · multi_family · Pending — under contract · 47 days on market
Asking price$1,795,000
6 beds 4 baths 2,322 sqft
Suggested offer$979,444$815,556 above the est. market value of $979,444.
View on Realtor.com →Listed by ALAN MAGLUTA · Levine Realty Inc.
Typemulti_family
Built1963
Price / sqft$773
Est. value (own analysis)$979,444
Rent estimate (building total, own analysis)$10,023/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeAir2/10MinorFlood1/10minimal$Wildfire1/10Minimal
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Statusfor_sale
Listed date2026-07-17
Removed date—
MLSMiamiMLS #A12055605
Coordinates25.73478, -80.23897
Address3036 Center St
CityMiami
StateFL
Zip33133
Listing ID5725620640
Sourceus-real-estate-listings, cached 2026-08-30
ZIP market snapshot (33133)
Typical home value (ZHVI)$1,352,044
Typical rent (ZORI)$3,793/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 | $1,795,000 |
| Down payment (20.0%) | $359,000 |
| Loan amount | $1,436,000 |
| Closing costs (5.0%) | $89,750 |
| Total cash to close | $448,750 |
| Income | |
| Rent (estimate) | $10,023$120,270 |
| Vacancy loss (8.0%) | |
| Effective gross income | $9,221$110,649 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,842$34,105 |
| Insurance (est. scaled by flood & wind risk) | $1,795$21,540 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $501$6,014 |
| Total operating expenses | $5,138$61,659 |
| 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) | $501$6,014 |
| 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.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 3374 Day Ave | multi_family | 6 | 4 | 3,570 | $1,450,000 | 2026-08-07 |
| 3520 SW 25th St | multi_family | 6 | 4 | 2,380 | $1,175,000 | 2026-07-01 |
| 3268 Gifford Ln | multi_family | 6 | 4 | 3,888 | $1,640,000 | 2026-06-26 |
| 3156 Plaza St | multi_family | 6 | 4 | 4,808 | $1,000,000 | 2026-02-12 |
| 3253 Percival Ave | multi_family | 6 | 4 | 4,040 | $2,000,000 | 2026-01-07 |
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 |
|---|---|---|---|---|---|---|
| 3835 Carole Ct | single_family | 6 | 8 | 9,561 | $16,400,000 | — |
| 2655 S Bayshore Dr Unit 1801-02 | condos | 6 | 7 | 4,833 | $14,750,000 | — |
| 2100 SW 25th St | single_family | 6 | 3 | 2,147 | $450,000 | — |
| 2884 SW 36th Ave | multi_family | 6 | 4 | 2,932 | $1,279,000 | — |
| 3231 SW 25th St | multi_family | 6 | 3 | 2,027 | $1,075,000 | — |
| 2635 SW 34th Ct | multi_family | 6 | 4 | 2,942 | $1,275,000 | — |
| 1818 Espanola Dr | single_family | 6 | 5 | 4,334 | $4,195,000 | — |
| 2 Grove Isle Dr Unit B801-802 | condos | 6 | 5 | 5,012 | $6,900,000 | — |
10-year hold projection
IRR-0.0%
Equity multiple1.00x
Total return (10yr)$234,029
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,848,850 | $48,990 | -$67,761 | $1,420,431 | $428,419 |
| 2 | $1,904,316 | $50,768 | -$66,133 | $1,403,792 | $500,523 |
| 3 | $1,961,445 | $52,607 | -$64,448 | $1,386,011 | $575,434 |
| 4 | $2,020,288 | $54,509 | -$62,704 | $1,367,009 | $653,280 |
| 5 | $2,080,897 | $56,476 | -$60,899 | $1,346,702 | $734,195 |
| 6 | $2,143,324 | $58,511 | -$59,030 | $1,325,000 | $818,324 |
| 7 | $2,207,624 | $60,615 | -$57,096 | $1,301,808 | $905,815 |
| 8 | $2,273,852 | $62,791 | -$55,094 | $1,277,024 | $996,829 |
| 9 | $2,342,068 | $65,041 | -$53,023 | $1,250,537 | $1,091,531 |
| 10 | $2,412,330 | $67,368 | -$50,879 | $1,222,232 | $1,190,098 |
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.