2620 SW 9th St
Miami, FL 33135 · single_family · For Sale · 233 days on market
Asking price$1,000,000
2 beds 2 baths 890 sqft
Suggested offer$384,901$615,099 above the est. market value of $384,901.
View on Realtor.com →Listed by William Alvarez · Sterling One Realty, Inc.
Typesingle_family
Built1941
Price / sqft$1124
Est. value (own analysis)$384,901
Rent estimate (own analysis)$2,775/mo
HOANone
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Statusfor_sale
Listed date2026-01-12
Removed date—
MLSMiamiMLS #A11944071
Coordinates25.76430, -80.23830
Address2620 SW 9th St
CityMiami
StateFL
Zip33135
Listing ID5923257251
Sourceus-real-estate-listings, cached 2026-08-30
ZIP market snapshot (33135)
Typical home value (ZHVI)$531,790
Typical rent (ZORI)$2,051/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 (comp-derived) | $2,775$33,300 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,553$30,636 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,583$19,000 |
| Insurance (placeholder 0.8% of price) | $667$8,000 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $139$1,665 |
| Total operating expenses | $2,389$28,665 |
| 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) | $139$1,665 |
| 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 | 2 | 1 | 750 | $2,900 | 2026-08-21 | — | |
| single_family | 2 | 2 | 1,136 | $5,800 | 2026-05-19 | — | |
| single_family | 2 | 1 | 960 | $2,650 | 2025-07-13 | — | |
| single_family | 2 | 1 | 1,137 | $2,500 | — | — |
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 |
|---|---|---|---|---|---|---|
| 3087 SW 5th St | single_family | 2 | 1 | 996 | $525,000 | 2026-07-28 |
| 2217 SW 11th St | single_family | 2 | 1 | 1,645 | $500,000 | 2026-07-24 |
| 3680 SW 9th Ter | single_family | 2 | 1 | 1,329 | $585,000 | 2026-06-30 |
| 1045 SW 20th Ave | single_family | 2 | 1 | 1,871 | $630,000 | 2026-06-11 |
| 3075 SW 4th St | single_family | 2 | 1 | 1,017 | $310,000 | 2026-05-28 |
| 1800 SW 3rd St Apt D | single_family | 2 | 1 | 802 | $375,000 | 2026-05-22 |
| 3194 SW 6th St | single_family | 2 | 2 | 1,481 | $573,000 | 2026-05-21 |
| 1769 SW 9th St | single_family | 2 | 1 | 1,762 | $655,000 | 2026-04-27 |
| 248 SW 18th Ct | single_family | 2 | 1 | 1,318 | $570,000 | 2026-03-27 |
| 3026 SW 4th St | single_family | 2 | 1 | 1,218 | $565,000 | 2026-03-13 |
| 1922 SW 3rd St | single_family | 2 | 1 | 1,124 | $480,000 | 2026-02-23 |
| 2271 SW 11th St | single_family | 2 | 1 | 1,103 | $625,000 | 2026-02-02 |
| 125 SW 32nd Court Rd | single_family | 2 | 1 | 1,100 | $540,000 | 2026-01-28 |
| 2327 SW 1st St | single_family | 2 | 2 | 1,260 | $460,000 | 2025-12-22 |
| 2918 SW 3rd St | single_family | 2 | 1 | 1,208 | $835,000 | 2025-12-01 |
| 3274 SW 4th St | single_family | 2 | 1 | 1,124 | $300,000 | 2025-11-19 |
| 310 SW 31st Ct | single_family | 2 | 1 | 1,106 | $616,000 | 2025-11-19 |
| 1274 SW 3rd St | single_family | 2 | 1 | 1,373 | $300,000 | 2025-11-04 |
| 1325 SW 11th St | single_family | 2 | 2 | 2,276 | $850,000 | 2025-10-27 |
| 1724 SW 10th St | single_family | 2 | 1 | 2,340 | $1,033,900 | 2025-10-14 |
| 1800 SW 3rd St Apt A | single_family | 2 | 1 | 620 | $370,000 | 2025-09-10 |
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 |
|---|---|---|---|---|---|---|
| 1212 SW 30th Pl | multi_family | 2 | 2 | 1,424 | $849,000 | — |
| 2347 SW 2nd St | single_family | 2 | 1 | 1,357 | $560,000 | — |
| 2921 SW 10th St Apt 33 | condos | 2 | 1 | 760 | $259,000 | — |
| 1220 SW 5th St Apt 2 | condos | 2 | 1 | 669 | $250,000 | — |
| 142 SW 18th Ave Apt 19 | condos | 2 | 1 | 769 | $195,000 | — |
| multi_family | 2 | 2 | 1,026 | $535,000 | — | |
| 145 SW 30th Ct Unit B208 | condos | 2 | 1 | 775 | $273,500 | — |
| 2138 SW 6th St Apt 301 | condos | 2 | 2 | 770 | $320,000 | — |
10-year hold projection
IRR-6.5%
Equity multiple-0.09x
Total return (10yr)-$142,505
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,030,000 | $1,971 | -$61,386 | $791,326 | $238,674 |
| 2 | $1,060,900 | $2,173 | -$61,225 | $782,057 | $278,843 |
| 3 | $1,092,727 | $2,386 | -$61,056 | $772,151 | $320,576 |
| 4 | $1,125,509 | $2,608 | -$60,878 | $761,564 | $363,944 |
| 5 | $1,159,274 | $2,840 | -$60,690 | $750,251 | $409,023 |
| 6 | $1,194,052 | $3,084 | -$60,492 | $738,161 | $455,891 |
| 7 | $1,229,874 | $3,338 | -$60,285 | $725,241 | $504,633 |
| 8 | $1,266,770 | $3,605 | -$60,067 | $711,433 | $555,337 |
| 9 | $1,304,773 | $3,883 | -$59,838 | $696,677 | $608,096 |
| 10 | $1,343,916 | $4,174 | -$59,597 | $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.