252 NE 57th St
Miami, FL 33137 · multi_family · For Sale · 166 days on market
Asking price$1,000,000
— beds — baths 1,682 sqft
Suggested offer$634,114$365,886 above the est. market value of $634,114.
View on Realtor.com →Listed by C Glansen, Broker · Flatfee.Com
Typemulti_family
Built1925
Price / sqft$595
Est. value (own analysis)$634,114
Rent estimate (building total, own analysis)$7,692/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeAir2/10MinorFlood1/10minimal$Wildfire1/10Minimal
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Statusfor_sale
Listed date2026-03-20
Removed date—
MLSBeachesMLS #B26004891
Coordinates25.82771, -80.19083
Address252 NE 57th St
CityMiami
StateFL
Zip33137
Listing ID5897947378
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 | $1,000,000 |
| Down payment (20.0%) | $200,000 |
| Loan amount | $800,000 |
| Closing costs (5.0%) | $50,000 |
| Total cash to close | $250,000 |
| Income | |
| Rent (estimate) | $7,692$92,306 |
| Vacancy loss (8.0%) | |
| Effective gross income | $7,077$84,922 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,583$19,000 |
| Insurance (est. scaled by flood & wind risk) | $1,000$12,000 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $385$4,615 |
| Total operating expenses | $2,968$35,615 |
| 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) | $385$4,615 |
| 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 |
|---|---|---|---|---|---|---|
| 481 NE 61st St | multi_family | — | — | 4,575 | $575,000 | 2026-08-27 |
| 370 NE 55th St | multi_family | — | — | 1,784 | $500,000 | 2026-08-17 |
| 401 NE 22nd St | multi_family | 9 | 4 | 8,556 | $4,375,000 | 2026-07-23 |
| 35 NE 53rd St | multi_family | 6 | 2 | 1,978 | $625,000 | 2026-06-18 |
| 661 NE 61st St | multi_family | — | — | 3,868 | $1,500,000 | 2026-06-17 |
| 614 NE 27th St | multi_family | 4 | 2 | 2,792 | $43,131,000 | 2026-06-16 |
| 35 NE 59th St Apt 1 | multi_family | 4 | 4 | 3,704 | $945,000 | 2026-05-28 |
| 45 NE 60th St | multi_family | — | — | 1,460 | $579,500 | 2026-05-15 |
| 5603 NE Miami Ct | multi_family | 4 | 4 | 2,300 | $773,400 | 2026-05-04 |
| 5641 NE Miami Ct | multi_family | 4 | 2 | 1,519 | $530,000 | 2026-05-04 |
| 2 NE 56th St | multi_family | 4 | 4 | 2,112 | $773,400 | 2026-05-04 |
| 294 NE 57th St | multi_family | — | — | 1,366 | $539,000 | 2026-05-04 |
| 5900 NE 4th Ct | multi_family | — | — | 2,835 | $1,150,000 | 2026-04-10 |
| 7 NE 50th St | multi_family | — | — | 1,300 | $836,256 | 2026-03-25 |
| 135 NE 45th St | multi_family | 2 | 1 | 2,779 | $3,000,000 | 2026-03-03 |
| 5500 NE Miami Ct | multi_family | 6 | 1 | 2,982 | $801,000 | 2026-02-05 |
| 700 NE 61st St | multi_family | 7 | 7 | 5,497 | $16,500,000 | 2025-12-29 |
| 19 NE 48th St | multi_family | 4 | 2 | 2,224 | $1,270,000 | 2025-12-26 |
| 119 NE 56th St | multi_family | — | — | 2,300 | $835,000 | 2025-12-22 |
| 121 NE 46th St | multi_family | 4 | 1 | 2,520 | $700,000 | 2025-12-05 |
| 329 NE 58th St | multi_family | — | — | 1,558 | $429,000 | 2025-12-01 |
| 58 NE 44th St | multi_family | 5 | 2 | 3,117 | $2,900,000 | 2025-11-14 |
| 161 NE 58th St | multi_family | — | — | — | $245,000 | 2025-09-25 |
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.
No other cached listings nearby for this bedroom count yet.
10-year hold projection
IRR6.0%
Equity multiple1.95x
Total return (10yr)$368,900
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,030,000 | $49,306 | -$17,001 | $791,326 | $238,674 |
| 2 | $1,060,900 | $50,964 | -$15,459 | $782,057 | $278,843 |
| 3 | $1,092,727 | $52,675 | -$13,866 | $772,151 | $320,576 |
| 4 | $1,125,509 | $54,443 | -$12,220 | $761,564 | $363,944 |
| 5 | $1,159,274 | $56,268 | -$10,519 | $750,251 | $409,023 |
| 6 | $1,194,052 | $58,152 | -$8,762 | $738,161 | $455,891 |
| 7 | $1,229,874 | $60,098 | -$6,946 | $725,241 | $504,633 |
| 8 | $1,266,770 | $62,108 | -$5,071 | $711,433 | $555,337 |
| 9 | $1,304,773 | $64,183 | -$3,133 | $696,677 | $608,096 |
| 10 | $1,343,916 | $66,325 | -$1,131 | $680,908 | $663,008 |
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.