3297 SW 26th St

Miami, FL 33133 · multi_family · For Sale · 110 days on market
Asking price$1,225,000
6 beds 5 baths 2,343 sqft
Suggested offer$988,302$236,698 above the est. market value of $988,302.
View on Realtor.com →
Listed by Ydalia Rodriguez · Related Realty, LLC.
Typemulti_family
Built1954
Price / sqft$523
Est. value (own analysis)$988,302
Rent estimate (building total, own analysis)$10,113/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood8/10severe$Air2/10MinorWildfire1/10Minimal
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-05-15
Removed date
MLSMiamiMLS #A12019969
Coordinates25.74341, -80.24779
Address3297 SW 26th St
CityMiami
StateFL
Zip33133
Listing ID5792751920
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$1,225,000
Down payment (20.0%)$245,000
Loan amount$980,000
Closing costs (5.0%)$61,250
Total cash to close$306,250
Rent (estimate)$10,113$121,358
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$121,358
Vacancy rate (assumption) assumption8.0%

$121,358 × 8.0% = $9,709

Effective gross income$9,304$111,649
Property tax (placeholder 1.9% of price)$1,940$23,275
Insurance (est. scaled by flood & wind risk)$1,593$19,110
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$506$6,068
Total operating expenses$4,038$48,453
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$111,649
Total operating expenses derived$48,453

$111,649 − $48,453 = $63,196

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$980,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$980,000 amortized at 6.7% over 30 years = $6,298/mo

CapEx reserve (5.0% of GSR)$506$6,068
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$63,196
Annual debt service derived$75,573
Annual CapEx reserve assumption$6,068
Annual PMI assumption$0

($63,196 − $75,573 − $6,068 − $0) ÷ 12 = -$1,537

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$63,196
Purchase price data$1,225,000

$63,196 ÷ $1,225,000 = 5.2%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$18,444
Total cash to close derived$306,250

-$18,444 ÷ $306,250 = -6.0%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$63,196
Annual debt service derived$75,573

$63,196 ÷ $75,573 = 0.84

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$121,358
Purchase price data$1,225,000

($121,358 ÷ 12) ÷ $1,225,000 = 0.8%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$1,225,000
Gross scheduled rent (annual) comp$121,358

$1,225,000 ÷ $121,358 = 10.1

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$48,453
Effective gross income derived$111,649

$48,453 ÷ $111,649 = 43.4%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$48,453
Annual debt service derived$75,573
Annual PMI assumption$0
Gross scheduled rent (annual) comp$121,358

($48,453 + $75,573 + $0) ÷ $121,358 = 102.2%

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
3374 Day Avemulti_family643,570$1,450,0002026-08-07
3520 SW 25th Stmulti_family642,380$1,175,0002026-07-01
3268 Gifford Lnmulti_family643,888$1,640,0002026-06-26
3156 Plaza Stmulti_family644,808$1,000,0002026-02-12
3253 Percival Avemulti_family644,040$2,000,0002026-01-07

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.

AddressTypeBedsBathsSqftAsking priceDays on market
3835 Carole Ctsingle_family689,561$16,400,000
2655 S Bayshore Dr Unit 1801-02condos674,833$14,750,000
2100 SW 25th Stsingle_family632,147$450,000
2884 SW 36th Avemulti_family642,932$1,279,000
3231 SW 25th Stmulti_family632,027$1,075,000
3036 Center Stmulti_family642,322$1,795,000
2635 SW 34th Ctmulti_family642,942$1,275,000
1818 Espanola Drsingle_family654,334$4,195,000

10-year hold projection

IRR6.6%
Equity multiple2.05x
Total return (10yr)$480,570
YearProperty valueNOICash flowLoan balanceEquity
1$1,261,750$63,196-$18,444$969,375$292,375
2$1,299,603$65,334-$16,458$958,020$341,583
3$1,338,591$67,543-$14,405$945,885$392,706
4$1,378,748$69,824-$12,284$932,917$445,831
5$1,420,111$72,179-$10,091$919,058$501,052
6$1,462,714$74,612-$7,826$904,248$558,466
7$1,506,595$77,124-$5,485$888,421$618,175
8$1,551,793$79,719-$3,067$871,507$680,287
9$1,598,347$82,399-$567$853,431$744,916
10$1,646,298$85,166$2,015$834,114$812,184
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.