575 Bay Point Rd
Miami, FL 33137 · single_family · For Sale · 327 days on market
Asking price$8,750,000
4 beds 5 baths 3,676 sqft
Suggested offer$3,688,241$5,061,759 above the est. market value of $3,688,241.
View on Realtor.com →Listed by Ana Teresa Rodriguez | ATR Luxury Homes · Coldwell Banker Realty
Typesingle_family
Built1963
Price / sqft$2380
Est. value (own analysis)$3,688,241
Rent estimate (own analysis)$13,643/mo
HOA$440/mo
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Statusfor_sale
Listed date2025-10-10
Removed date—
MLSMiamiMLS #A11881119
Coordinates25.82159, -80.18511
Address575 Bay Point Rd
CityMiami
StateFL
Zip33137
Listing ID5800087013
Sourceus-real-estate-listings, cached 2026-08-30
ZIP market snapshot (33137)
Typical home value (ZHVI)$682,165
Typical rent (ZORI)$3,560/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 | $8,750,000 |
| Down payment (20.0%) | $1,750,000 |
| Loan amount | $7,000,000 |
| Closing costs (5.0%) | $437,500 |
| Total cash to close | $2,187,500 |
| Income | |
| Rent (comp-derived) | $13,643$163,710 |
| Vacancy loss (8.0%) | |
| Effective gross income | $12,551$150,613 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $13,854$166,250 |
| Insurance (placeholder 0.8% of price) | $5,833$70,000 |
| HOA dues | $440$5,280 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $682$8,186 |
| Total operating expenses | $20,810$249,716 |
| 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) | $682$8,186 |
| 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.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| single_family | 4 | 5 | 3,360 | $32,000 | 2026-07-27 | — | |
| single_family | 4 | 4 | 3,086 | $16,500 | 2026-06-21 | — | |
| single_family | 4 | 3 | 2,438 | $10,785 | 2025-06-19 | — | |
| single_family | 4 | 3 | 2,832 | $7,900 | — | — |
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 |
|---|---|---|---|---|---|---|
| 111 NE 50th St | single_family | 4 | 2 | 1,704 | $1,100,000 | 2026-08-14 |
| 4160 Bay Point Rd | single_family | 4 | 4 | 3,114 | $3,650,000 | 2026-07-31 |
| 560 Sabal Palm Rd | single_family | 4 | 3 | 2,837 | $4,800,000 | 2026-07-28 |
| 530 Sabal Palm Rd | single_family | 4 | 4 | 3,543 | $4,750,000 | 2026-07-08 |
| 761 Buttonwood Ln | single_family | 4 | 4 | 7,237 | $17,150,000 | 2026-05-18 |
| 5600 N Bayshore Dr | single_family | 4 | 4 | 3,421 | $3,600,000 | 2026-05-11 |
| 4403 Palm Ln | single_family | 4 | 5 | 4,206 | $10,250,000 | 2026-04-15 |
| 200 NE 48th Ter | single_family | 4 | 2 | 1,596 | $1,200,000 | 2026-04-09 |
| 492 NE 55th St | single_family | 4 | 3 | 1,932 | $1,825,000 | 2026-03-31 |
| 671 NE 57th St | single_family | 4 | 4 | 3,077 | $2,875,000 | 2026-03-18 |
| 670 NE 58th St | single_family | 4 | 3 | 2,190 | $2,090,000 | 2026-03-17 |
| 628 NE 59th St | single_family | 4 | 4 | 2,672 | $3,250,000 | 2026-02-19 |
| 69 NE 50th Ter | single_family | 4 | 4 | 2,865 | $825,000 | 2026-01-12 |
| 501 NE 51st St | single_family | 4 | 4 | 2,696 | $2,850,000 | 2025-12-16 |
| 545 NE 55th Ter | single_family | 4 | 6 | 3,741 | $3,550,000 | 2025-12-11 |
| 60 NE 50th Ter | single_family | 4 | 3 | 2,011 | $1,200,000 | 2025-11-05 |
| 5725 N Bayshore Dr | single_family | 4 | 5 | 3,848 | $16,000,000 | 2025-09-08 |
| 177 NE 44th St | single_family | 4 | 2 | 2,080 | $1,512,500 | 2025-09-04 |
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 |
|---|---|---|---|---|---|---|
| 121 NE 34th St Ph 3217 | condos | 4 | 5 | 2,866 | $2,499,000 | — |
| 725 NE 24th St Unit 301 | condos | 4 | 6 | — | $2,498,900 | — |
| 480 NE 31st St Unit 5104 | condos | 4 | 5 | 2,792 | $3,295,000 | — |
| 456 NE 29th ST | condo | 4 | 4 | 3,063 | $3,554,000 | — |
| 480 NE 31st St Unit 5303 | condos | 4 | 5 | 2,418 | $2,999,990 | — |
| 621 NE 57th St | single_family | 4 | 4 | 2,633 | $2,000,000 | — |
| 700 NE 26th Ter Unit 4403 | condos | 4 | 6 | 3,788 | $4,988,888 | — |
| 725 NE 24th Street Miami, FL 33137 | condo | 4 | 5 | 2,880 | $2,836,900 | — |
10-year hold projection
IRR-9.8%
Equity multiple-0.67x
Total return (10yr)-$2,509,502
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $9,012,500 | -$99,102 | -$647,094 | $6,924,104 | $2,088,396 |
| 2 | $9,282,875 | -$100,827 | -$649,024 | $6,842,997 | $2,439,878 |
| 3 | $9,561,361 | -$102,572 | -$650,978 | $6,756,320 | $2,805,041 |
| 4 | $9,848,202 | -$104,337 | -$652,959 | $6,663,690 | $3,184,512 |
| 5 | $10,143,648 | -$106,123 | -$654,965 | $6,564,700 | $3,578,948 |
| 6 | $10,447,958 | -$107,928 | -$656,996 | $6,458,912 | $3,989,046 |
| 7 | $10,761,396 | -$109,753 | -$659,053 | $6,345,859 | $4,415,537 |
| 8 | $11,084,238 | -$111,598 | -$661,135 | $6,225,043 | $4,859,195 |
| 9 | $11,416,765 | -$113,462 | -$663,242 | $6,095,930 | $5,320,835 |
| 10 | $11,759,268 | -$115,344 | -$665,374 | $5,957,951 | $5,801,317 |
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.