3341 Florida Ave

Miami, FL 33133 · single_family · For Sale · 44 days on market
Asking price$3,480,000
5 beds 4 baths 3,200 sqft
View on Realtor.com →
Listed by Miller Eaton LLC · Miller Eaton Inc
Typesingle_family
Built2026
Price / sqft$1088
Est. value (own analysis)$3,792,593
Rent estimate (own analysis)$21,000/mo
HOANone
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Neighborhood

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Statusfor_sale
Listed date2026-07-20
Removed date
MLSMiamiMLS #A12056705
Coordinates25.72879, -80.24739
Address3341 Florida Ave
CityMiami
StateFL
Zip33133
Listing ID5779835159
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)

Purchase price$3,480,000
Down payment (20.0%)$696,000
Loan amount$2,784,000
Closing costs (5.0%)$174,000
Total cash to close$870,000
Rent (comp-derived)$21,000$252,000
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$252,000
Vacancy rate (assumption) assumption8.0%

$252,000 × 8.0% = $20,160

Effective gross income$19,320$231,840
Property tax (placeholder 1.9% of price)$5,510$66,120
Insurance (placeholder 0.8% of price)$2,320$27,840
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$1,050$12,600
Total operating expenses$8,880$106,560
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$231,840
Total operating expenses derived$106,560

$231,840 − $106,560 = $125,280

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$2,784,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$2,784,000 amortized at 6.7% over 30 years = $17,891/mo

CapEx reserve (5.0% of GSR)$1,050$12,600
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$125,280
Annual debt service derived$214,689
Annual CapEx reserve assumption$12,600
Annual PMI assumption$0

($125,280 − $214,689 − $12,600 − $0) ÷ 12 = -$8,501

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$125,280
Purchase price data$3,480,000

$125,280 ÷ $3,480,000 = 3.6%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$102,009
Total cash to close derived$870,000

-$102,009 ÷ $870,000 = -11.7%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$125,280
Annual debt service derived$214,689

$125,280 ÷ $214,689 = 0.58

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$252,000
Purchase price data$3,480,000

($252,000 ÷ 12) ÷ $3,480,000 = 0.6%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$3,480,000
Gross scheduled rent (annual) comp$252,000

$3,480,000 ÷ $252,000 = 13.8

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$106,560
Effective gross income derived$231,840

$106,560 ÷ $231,840 = 46.0%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$106,560
Annual debt service derived$214,689
Annual PMI assumption$0
Gross scheduled rent (annual) comp$252,000

($106,560 + $214,689 + $0) ÷ $252,000 = 127.5%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family542,452$21,0002026-08-17
single_family532,592$14,0002026-07-27
single_family543,200$17,5002026-07-01
single_family543,114$16,0002026-06-17
single_family553,721$21,5002026-05-27
single_family574,173$49,0002026-07-28
single_family532,189$12,0002026-04-02
single_family564,253$30,000
single_family553,629$25,000
single_family543,160$21,0002026-08-27
single_family554,003$17,5002026-07-15
single_family564,253$30,0002025-11-24
single_family542,470$7,500

291 Shore Dr E Unit 0

Miami, 33133 · rent comp

Bedrooms / bathrooms5 bd / 4 ba
Square footage2,452
Listed2026-08-17
Days on market

Asking rent: $21,000

View on Zillow →

1830 Chucunantah Rd

Miami, 33133 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage2,592
Listed2026-07-27
Days on market

Asking rent: $14,000

View on Zillow →

3545 Florida Ave

Miami, 33133 · rent comp

Bedrooms / bathrooms5 bd / 4 ba
Square footage3,200
Listed2026-07-01
Days on market

Asking rent: $17,500

View on Zillow →

3326 Elizabeth St

Miami, 33133 · rent comp

Bedrooms / bathrooms5 bd / 4 ba
Square footage3,114
Listed2026-06-17
Days on market

Asking rent: $16,000

View on Zillow →

3741 Kumquat Ave

Miami, 33133 · rent comp

Bedrooms / bathrooms5 bd / 5 ba
Square footage3,721
Listed2026-05-27
Days on market

Asking rent: $21,500

View on Zillow →

3600 Stewart Ave

Miami, 33133 · rent comp

Bedrooms / bathrooms5 bd / 7 ba
Square footage4,173
Listed2026-07-28
Days on market

Asking rent: $49,000

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3551 E Glencoe St

Miami, 33133 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage2,189
Listed2026-04-02
Days on market

Asking rent: $12,000

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1701 Espanola Dr Unit Sfh

Miami, 33133 · rent comp

Bedrooms / bathrooms5 bd / 6 ba
Square footage4,253
Listed
Days on market

Asking rent: $30,000

View on Zillow →

3782 El Prado Blvd Unit 1

Miami, 33133 · rent comp

Bedrooms / bathrooms5 bd / 5 ba
Square footage3,629
Listed
Days on market

Asking rent: $25,000

View on Zillow →

3596 Main Hwy

Miami, 33133 · rent comp

Bedrooms / bathrooms5 bd / 4 ba
Square footage3,160
Listed2026-08-27
Days on market

Asking rent: $21,000

View on Zillow →

145 W Sunrise Ave

Coral Gables, 33133 · rent comp

Bedrooms / bathrooms5 bd / 5 ba
Square footage4,003
Listed2026-07-15
Days on market

Asking rent: $17,500

View on Zillow →

Miami, 33133 · rent comp

Bedrooms / bathrooms5 bd / 6 ba
Square footage4,253
Listed2025-11-24
Days on market

Asking rent: $30,000

View on Zillow →

3823 Thomas Ave

Miami, 33133 · rent comp

Bedrooms / bathrooms5 bd / 4 ba
Square footage2,470
Listed
Days on market

Asking rent: $7,500

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
1880 S Bayshore Drsingle_family554,442$3,100,0002026-08-11
4095 Hardie Avesingle_family573,736$5,000,0002026-08-05
30 Samana Drsingle_family574,964$7,525,0002026-08-04
2521 Lincoln Avesingle_family56$6,000,0002026-07-28
3211 Morris Lnsingle_family543,439$2,800,0002026-06-15
4191 Battersea Rdsingle_family563,882$5,305,9002026-06-11
3090 Munroe Drsingle_family566,508$22,975,0002026-05-21
1755 Fairhaven Plsingle_family565,378$8,387,5002026-05-20
2980 Coconut Avesingle_family554,059$3,050,0002026-05-19
4090 Hardie Avesingle_family553,902$5,675,0002026-05-06
4110 Park Avesingle_family554,160$5,300,0002026-04-23
4081 Hardie Avesingle_family574,188$5,790,0002026-04-21
3861 Kumquat Avesingle_family534,670$3,700,0002026-04-08
144 N Prospect Drsingle_family565,212$4,600,0002026-04-03
1668 Tigertail Avesingle_family573,379$5,395,0002026-03-20
4039 Ventura Avesingle_family554,687$4,200,0002026-03-16
4010 Park Avesingle_family564,304$5,400,0002026-03-12
4024 Bonita Avesingle_family564,197$6,700,0002026-03-10
1672 Micanopy Avesingle_family564,602$3,775,0002026-03-06
2730 SW 17th Avesingle_family554,698$4,200,0002026-02-27
4160 Lybyer Avesingle_family552,700$3,200,0002026-02-26
3333 Poinciana Avesingle_family577,642$15,000,0002026-02-26
2324 SW 26th Stsingle_family563,650$2,750,0002026-02-23
3670 Avocado Avesingle_family564,161$5,600,0002026-02-06
3566 Rockerman Rdsingle_family553,572$4,100,0002026-02-06
1866 Tigertail Avesingle_family554,455$4,700,0002026-02-05
3470 Poinciana Avesingle_family564,676$7,600,0002026-01-28
2805 Freeman Stsingle_family564,972$5,585,0002026-01-09
1870 S Bayshore Drsingle_family554,611$2,775,0002026-01-08
3950 Hardie Avesingle_family543,518$3,300,0002025-12-19

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
2627 S Bayshore Dr Apt 3201condos587,061$20,900,000
2675 S Bayshore Dr Unit 602Scondos564,085$7,800,000
3460 S Moorings Waysingle_family576,720$10,950,000
3400 S Moorings Waysingle_family586,768$9,750,000
3170 SW 26th Stmulti_family532,287$930,000
3579 Avocado Avesingle_family564,651$6,950,000
291 Shore Dr Esingle_family542,285$3,975,000
8 Pinta Rdsingle_family543,682$2,999,000

10-year hold projection

IRR2.4%
Equity multiple1.38x
Total return (10yr)$787,169
YearProperty valueNOICash flowLoan balanceEquity
1$3,584,400$125,280-$102,009$2,753,815$830,585
2$3,691,932$129,571-$98,033$2,721,558$970,374
3$3,802,690$134,004-$93,922$2,687,085$1,115,605
4$3,916,771$138,584-$89,673$2,650,245$1,266,525
5$4,034,274$143,316-$85,281$2,610,875$1,423,398
6$4,155,302$148,203-$80,741$2,568,802$1,586,500
7$4,279,961$153,252-$76,049$2,523,839$1,756,122
8$4,408,360$158,468-$71,199$2,475,789$1,932,571
9$4,540,611$163,855-$66,186$2,424,439$2,116,171
10$4,676,829$169,420-$61,005$2,369,563$2,307,266
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.