744 SW 9th St

Florida City, FL 33034 · single_family · For Sale · 22 days on market
Asking price$365,000
4 beds 2 baths 1,116 sqft
Suggested offer$302,124$62,876 above the est. market value of $302,124.
View on Realtor.com →
Listed by Roman Pavlik · Laurie Finkelstein Reader Team
Typesingle_family
Built1994
Price / sqft$327
Est. value (own analysis)$302,124
Rent estimate (own analysis)$3,020/mo
HOA$150/mo
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-08-12
Removed date
MLSMiamiMLS #A12062635
Coordinates25.43878, -80.48810
Address744 SW 9th St
CityFlorida City
StateFL
Zip33034
Listing ID5733596868
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)

Purchase price$365,000
Down payment (20.0%)$73,000
Loan amount$292,000
Closing costs (5.0%)$18,250
Total cash to close$91,250
Rent (comp-derived)$3,020$36,240
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$36,240
Vacancy rate (assumption) assumption8.0%

$36,240 × 8.0% = $2,899

Effective gross income$2,778$33,341
Property tax (placeholder 1.9% of price)$578$6,935
Insurance (placeholder 0.8% of price)$243$2,920
HOA dues$150$1,800
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$151$1,812
Total operating expenses$1,122$13,467
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$33,341
Total operating expenses derived$13,467

$33,341 − $13,467 = $19,874

Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing)

Monthly Principal & Interest

Standard amortization on the loan amount, at the effective rate and term

Loan amount derived$292,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$292,000 amortized at 6.7% over 30 years = $1,876/mo

CapEx reserve (5.0% of GSR)$151$1,812
Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%)$0$0
Cash flow

Monthly Cash Flow

(NOI − Annual Debt Service − Annual CapEx Reserve − Annual PMI) ÷ 12

NOI derived$19,874
Annual debt service derived$22,518
Annual CapEx reserve assumption$1,812
Annual PMI assumption$0

($19,874 − $22,518 − $1,812 − $0) ÷ 12 = -$371

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$19,874
Purchase price data$365,000

$19,874 ÷ $365,000 = 5.4%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$4,456
Total cash to close derived$91,250

-$4,456 ÷ $91,250 = -4.9%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$19,874
Annual debt service derived$22,518

$19,874 ÷ $22,518 = 0.88

Rent-to-price (1% rule)

Rent-to-Price (the "1% rule")

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$36,240
Purchase price data$365,000

($36,240 ÷ 12) ÷ $365,000 = 0.8%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$365,000
Gross scheduled rent (annual) comp$36,240

$365,000 ÷ $36,240 = 10.1

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$13,467
Effective gross income derived$33,341

$13,467 ÷ $33,341 = 40.4%

Break-even occupancy

Break-Even Occupancy

(Total OpEx + Annual Debt Service + Annual PMI) ÷ Gross Scheduled Rent

Total operating expenses derived$13,467
Annual debt service derived$22,518
Annual PMI assumption$0
Gross scheduled rent (annual) comp$36,240

($13,467 + $22,518 + $0) ÷ $36,240 = 99.3%

Comparables

Same ZIP. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family431,902$3,4992026-08-20
single_family433,054$3,3002026-05-29
single_family421,790$3,3952026-05-20
single_family421,790$2,7002026-07-10
single_family421,038$2,8742026-07-25
single_family432,126$4,2002026-08-12
single_family43$2,750
single_family431,810$3,100
single_family43$2,900
single_family441,578$2,940
single_family43$3,100
single_family421,240$2,9002026-08-29

Florida City, 33034 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,902
Listed2026-08-20
Days on market

Asking rent: $3,499

View on Zillow →

19479 SW 340th St

Homestead, 33034 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage3,054
Listed2026-05-29
Days on market

Asking rent: $3,300

View on Zillow →

756 NW 5th St Unit 0

Florida City, 33034 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,790
Listed2026-05-20
Days on market

Asking rent: $3,395

View on Zillow →

764 NW 5th St Unit 764

Florida City, 33034 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,790
Listed2026-07-10
Days on market

Asking rent: $2,700

View on Zillow →

1635 NW 1st Ave

Florida City, 33034 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,038
Listed2026-07-25
Days on market

Asking rent: $2,874

View on Zillow →

537 NE 6th Ct Unit 0

Florida City, 33034 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage2,126
Listed2026-08-12
Days on market

Asking rent: $4,200

View on Zillow →

18943 SW 345th Ter # 18943

Homestead, 33034 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage
Listed
Days on market

Asking rent: $2,750

View on Zillow →

1314 NW 2nd Ln

Florida City, 33034 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,810
Listed
Days on market

Asking rent: $3,100

View on Zillow →

408 SW 1st St # 1

Florida City, 33034 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage
Listed
Days on market

Asking rent: $2,900

View on Zillow →

152 NW 10th Ter # 152D

Florida City, 33034 · rent comp

Bedrooms / bathrooms4 bd / 4 ba
Square footage1,578
Listed
Days on market

Asking rent: $2,940

View on Zillow →

400 SW 1st St # 1

Florida City, 33034 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage
Listed
Days on market

Asking rent: $3,100

View on Zillow →

828 SW 3rd St Unit 828

Florida City, 33034 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,240
Listed2026-08-29
Days on market

Asking rent: $2,900

View on Zillow →

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
736 NW 8thsingle_family421,462$449,0002026-08-28
19659 SW 337th Tersingle_family431,827$558,0002026-08-27
496 SW 9th Avesingle_family421,514$475,0002026-08-24
630 NE 1st Stsingle_family432,085$567,8002026-08-20
735 NW 8th Ctsingle_family421,208$357,5002026-08-19
111 NE 6th Plsingle_family432,085$564,0002026-07-30
542 NE 6th Plsingle_family432,126$460,0002026-07-27
107 NE 6th Plsingle_family432,046$578,0002026-07-24
816 NW 8th Stsingle_family421,444$510,0002026-07-22
1330 NW 7th Ctsingle_family421,395$399,9002026-07-10
409 SW 8th Avesingle_family421,675$465,0002026-07-01
618 NE 1st Tersingle_family432,046$570,0002026-06-30
19403 SW 337th Tersingle_family432,439$577,6992026-06-26
624 NE 5th Stsingle_family432,126$475,9002026-06-26
651 NE 1st Stsingle_family432,046$573,9902026-06-26
19624 SW 338th Tersingle_family432,439$559,0002026-06-08
19493 SW 339th Tersingle_family432,223$580,0002026-06-02
108 NE 6th Plsingle_family432,046$580,0002026-05-22
1320 NW 7th Ctsingle_family421,395$395,0002026-05-15
715 NW 9th Avesingle_family421,472$390,0002026-05-04
19428 SW 339th Tersingle_family432,183$525,0002026-04-28
19570 SW 339th Tersingle_family432,439$530,0002026-04-28
775 NW 3rd Tersingle_family421,256$454,0002026-04-23
555 NE 6th Ctsingle_family432,126$460,0002026-04-20
639 NE 1st Tersingle_family432,085$554,0002026-03-31
746 NW 3rd Stsingle_family421,501$432,5002026-03-30
19485 SW 339th Tersingle_family422,062$529,7002026-03-24
416 NW 9th Plsingle_family422,142$450,0002026-03-23
19536 SW 338th Tersingle_family431,827$535,0002026-03-20
506 NW 8th Avesingle_family421,394$445,0002026-03-09
19547 SW 340th Stsingle_family432,223$538,0002026-03-04
19523 SW 339th Tersingle_family432,183$529,9462026-02-28
19472 SW 339th Tersingle_family432,223$505,3002026-02-20
633 NE 1st Tersingle_family432,046$559,0002026-02-18
1422 NW 8th Avesingle_family421,254$375,0002026-01-07
20275 SW 396th Stsingle_family432,651$680,0002026-01-02
642 NE 1st Stsingle_family442,790$646,9902025-12-16
19469 SW 339th Tersingle_family431,828$490,0002025-12-16
37189 SW 212th Avesingle_family433,449$899,9002025-12-15
19480 SW 339th Tersingle_family431,828$499,0002025-12-11
19437 SW 339th Tersingle_family431,828$504,8002025-12-11
19643 SW 340th Stsingle_family432,223$521,5002025-12-11
19522 SW 339th Tersingle_family431,828$497,1002025-12-08
19464 SW 339th Tersingle_family422,062$537,0002025-12-05
19439 SW 340th Stsingle_family432,223$515,0002025-12-04
19463 SW 340th Stsingle_family431,827$490,0002025-11-28
19627 SW 339th Tersingle_family431,827$495,0002025-11-28
1051 NW 5th Ctsingle_family411,196$460,0002025-11-25
19495 SW 340th Stsingle_family431,828$570,6002025-11-20
19415 SW 340th Stsingle_family432,223$507,3002025-11-20

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.

AddressTypeBedsBathsSqftAsking priceDays on market
E Palm Dr & US 1townhomes431,557$999,999
19658 SW 337th Tersingle_family431,827$556,990
SW 336 St & SW 194 Avesingle_family431,827$556,990
34870 SW 191st Courtsingle_family432,085$575,990
18925 SW 357 Stsingle_family431,552$365,740
35605 SW 180th Avesingle_family421,813$458,990
SW 336 St & SW 194 Avesingle_family422,183$539,990
19424 SW 336th Tersingle_family431,827$556,990

10-year hold projection

IRR7.4%
Equity multiple2.17x
Total return (10yr)$154,860
YearProperty valueNOICash flowLoan balanceEquity
1$375,950$19,874-$4,456$288,834$87,116
2$387,229$20,537-$3,838$285,451$101,778
3$398,845$21,222-$3,199$281,835$117,010
4$410,811$21,930-$2,539$277,971$132,840
5$423,135$22,660-$1,857$273,842$149,293
6$435,829$23,414-$1,153$269,429$166,400
7$448,904$24,193-$426$264,713$184,191
8$462,371$24,997$325$259,673$202,698
9$476,242$25,827$1,102$254,288$221,955
10$490,529$26,684$1,903$248,532$241,998
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.
All figures are estimates for evaluation purposes only, not investment, tax, legal, or insurance advice. Property tax is estimated from a real matched tax bill or millage rate when available, a placeholder % of price otherwise; insurance is scaled by flood and wind risk where those are known and a flat percentage otherwise — never a real quote. Verify all of them, along with association restrictions and permit status, before committing capital. Rent estimates come from real comps or Zillow’s ZIP index, not appraisals.