5700 NW 9th Ave
Miami, FL 33127 · single_family · Pending — under contract · 103 days on market
Asking price$600,000
7 beds 3 baths 2,986 sqft
Listed by Lakeisha Black · FOWLKES REALTY CO
Typesingle_family
Built1932
Price / sqft$201
Est. value (own analysis)$1,303,628
Rent estimate (own analysis)$19,750/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood3/10moderate$Air2/10MinorWildfire1/10Minimal
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⚠ Cap rate of 31.2% is above the 20% sanity ceiling — verify the underlying price, rent, and expense data before trusting this. Cash-on-cash return of 92.2% is above the 50% sanity ceiling for a standard buy-and-hold — verify inputs before trusting this.
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Statusfor_sale
Listed date2026-05-22
Removed date—
MLSMiamiMLS #A12023597
Coordinates25.82802, -80.21171
Address5700 NW 9th Ave
CityMiami
StateFL
Zip33127
Listing ID5915052446
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33127)
Typical home value (ZHVI)$528,160
Typical rent (ZORI)$2,975/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 | $600,000 |
| Down payment (20.0%) | $120,000 |
| Loan amount | $480,000 |
| Closing costs (5.0%) | $30,000 |
| Total cash to close | $150,000 |
| Income | |
| Rent (comp-derived) | $19,750$237,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $18,170$218,040 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $950$11,400 |
| Insurance (est. scaled by flood & wind risk) | $640$7,680 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $988$11,850 |
| Total operating expenses | $2,578$30,930 |
| 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) | $988$11,850 |
| 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
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| single_family | 7 | 5 | 2,670 | $8,000 | 2026-07-14 | — | |
| single_family | 7 | 3 | 2,986 | $8,000 | 2026-08-25 | — | |
| single_family | 7 | 7 | 3,973 | $31,500 | — | — | |
| single_family | 7 | 7 | 3,973 | $31,500 | — | — |
Widened to any bedroom count in ZIP. 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 |
|---|---|---|---|---|---|---|
| 1139 NW 37th St | single_family | 2 | 1 | 1,004 | $520,000 | 2026-08-24 |
| 3314 NW 9th Ct | single_family | 3 | 1 | 1,020 | $385,000 | 2026-08-21 |
| 352 NW 41st St | single_family | 3 | 2 | 1,600 | $572,000 | 2026-08-14 |
| 1176 NW 32nd St | single_family | 2 | 1 | 1,400 | $155,000 | 2026-08-02 |
| 160 NW 39th St | single_family | 4 | 5 | 2,916 | $640,000 | 2026-07-31 |
| 818 NW 47th St | single_family | 4 | 3 | 1,517 | $620,000 | 2026-07-29 |
| 5621 NW 11th Ave | single_family | 3 | 2 | 1,590 | $710,000 | 2026-07-29 |
| 1118 NW 47th St | single_family | 3 | 2 | 1,204 | $450,000 | 2026-07-24 |
| 1037 NW 30th St | single_family | 3 | 2 | 2,094 | $390,000 | 2026-07-23 |
| 126 NW 33rd St | single_family | 2 | 1 | 1,822 | $1,250,000 | 2026-07-21 |
| 745 NW 46th St | single_family | 3 | 1 | 1,350 | $439,000 | 2026-07-17 |
| 1198 NW 61st St | single_family | 8 | 4 | 3,952 | $460,000 | 2026-07-15 |
| 1151 NW 45th St | single_family | 3 | 2 | 1,287 | $625,000 | 2026-07-14 |
| 109 NW 48th St | single_family | 3 | 1 | 1,385 | $850,000 | 2026-07-10 |
| 412 NW 41st St | single_family | 3 | 2 | 1,500 | $1,300,000 | 2026-07-09 |
| 344 NW 41st St | single_family | 2 | 1 | 927 | $610,000 | 2026-07-08 |
| 401 NW 59th Ter | single_family | 3 | 1 | 1,144 | $370,000 | 2026-07-06 |
| 11 NW 45th St | single_family | 4 | 2 | 1,474 | $1,405,000 | 2026-07-06 |
| 765 NW 45th St | single_family | 4 | 3 | 1,690 | $750,000 | 2026-06-26 |
| 154 NW 61st St | single_family | 3 | 2 | 1,250 | $369,000 | 2026-06-25 |
| 50 NW 41st St | single_family | 4 | 2 | 2,339 | $820,000 | 2026-06-24 |
| 1044 NW 60th St | single_family | 3 | 1 | 1,168 | $600,000 | 2026-06-23 |
| 34 NW 34th Ter | single_family | 3 | 1 | 1,372 | $950,000 | 2026-06-23 |
| 911 NW 45th St | single_family | 3 | 2 | 878 | $525,000 | 2026-06-23 |
| 5802 NW 5th Ave | single_family | 4 | 4 | — | $1,150,000 | 2026-06-23 |
| 286 NW 57th St | single_family | 2 | 2 | 1,717 | $450,000 | 2026-06-23 |
| 594 NW 23rd St | single_family | — | 0 | 1,806 | $2,500,000 | 2026-06-23 |
| 598 NW 53rd St | single_family | 2 | 1 | 948 | $550,000 | 2026-06-16 |
| 315 NW 53rd St | single_family | 2 | 1 | 961 | $600,000 | 2026-06-16 |
| 5627 NW 9th Ave | single_family | 6 | 4 | 1,740 | $550,000 | 2026-06-15 |
| 95 NW 52nd St | single_family | 4 | 3 | 1,833 | $850,000 | 2026-06-13 |
| 929 NW 60th St | single_family | 4 | 3 | 1,607 | $690,000 | 2026-06-12 |
| 1090 NW 39th St | single_family | 2 | 1 | 1,389 | $465,000 | 2026-06-11 |
| 529 NW 42nd St | single_family | 3 | 2 | 1,630 | $675,000 | 2026-06-05 |
| 4711 NW 11th Ave | single_family | 2 | 1 | 1,222 | $560,000 | 2026-06-03 |
| 490 NW 47th St | single_family | 3 | 1 | 1,204 | $650,000 | 2026-06-02 |
| 1110 NW 41st St | single_family | 7 | 4 | 3,076 | $665,000 | 2026-06-01 |
| 575 NW 49th St | single_family | 3 | 2 | 1,172 | $630,000 | 2026-06-01 |
| 512 NW 48th St | single_family | 3 | 1 | 1,624 | $450,000 | 2026-05-28 |
| 3518 NW 11th Ave | single_family | 3 | 2 | 2,017 | $550,000 | 2026-05-25 |
| 790 NW 55th Ter | single_family | 0 | — | 1,515 | $246,500 | 2026-05-25 |
| 1079 NW 25th St | single_family | 3 | 3 | — | $289,900 | 2026-05-22 |
| 5426 NW 3rd Ave | single_family | 3 | 2 | 1,198 | $345,000 | 2026-05-21 |
| 85 NW 47th St | single_family | 2 | 1 | 1,200 | $844,000 | 2026-05-20 |
| 260 NW 34th St | single_family | 2 | 1 | 984 | $750,000 | 2026-05-18 |
| 4020 NW 12th Ave | single_family | 3 | 1 | 936 | $420,000 | 2026-05-18 |
| 769 NW 21st St | single_family | 4 | 1 | 1,222 | $2,200,000 | 2026-05-18 |
| 276 NW 40th St | single_family | 2 | 1 | 1,682 | $700,000 | 2026-05-18 |
| 37 NW 47th Ter | single_family | 5 | 3 | 2,346 | $920,000 | 2026-05-15 |
| 446 NW 45th St | single_family | 2 | 2 | 1,169 | $555,000 | 2026-05-14 |
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 |
|---|---|---|---|---|---|---|
| 5204 N Miami Ave | multi_family | 7 | 4 | 2,943 | $1,850,000 | — |
| 255 NW 32nd St | multi_family | 7 | 4 | 2,280 | $1,945,000 | — |
| 43 NW 42nd St | single_family | 7 | 6 | 3,459 | $3,290,000 | — |
| 244 NW 32nd St | multi_family | 7 | 3 | 1,800 | $1,175,000 | — |
| 247 NW 54th St | multi_family | 7 | 5 | 2,156 | $1,350,000 | — |
10-year hold projection
IRR96.2%
Equity multiple13.33x
Total return (10yr)$1,927,955
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $618,000 | $187,110 | $138,245 | $474,796 | $143,204 |
| 2 | $636,540 | $192,878 | $143,716 | $469,234 | $167,306 |
| 3 | $655,636 | $198,823 | $149,358 | $463,290 | $192,346 |
| 4 | $675,305 | $204,950 | $155,174 | $456,939 | $218,367 |
| 5 | $695,564 | $211,265 | $161,170 | $450,151 | $245,414 |
| 6 | $716,431 | $217,774 | $167,351 | $442,897 | $273,535 |
| 7 | $737,924 | $224,482 | $173,724 | $435,145 | $302,780 |
| 8 | $760,062 | $231,396 | $180,294 | $426,860 | $333,202 |
| 9 | $782,864 | $238,521 | $187,068 | $418,007 | $364,857 |
| 10 | $806,350 | $245,865 | $194,051 | $408,545 | $397,805 |
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.