118 NW 35th St
Miami, FL 33127 · multi_family · For Sale · 77 days on market
Asking price$1,350,000
3 beds 3 baths 1,144 sqft
Suggested offer$580,958$769,042 above the est. market value of $580,958.
View on Realtor.com →Listed by Frank Zepeda-Campos · Lifestyle International Realty
Typemulti_family
Built1925
Price / sqft$1180
Est. value (own analysis)$580,958
Rent estimate (building total, own analysis)$4,668/mo
HOANone
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Statusfor_sale
Listed date2026-06-17
Removed date—
MLSMiamiMLS #A12037236
Coordinates25.80942, -80.19786
Address118 NW 35th St
CityMiami
StateFL
Zip33127
Listing ID5958739503
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 | $1,350,000 |
| Down payment (20.0%) | $270,000 |
| Loan amount | $1,080,000 |
| Closing costs (5.0%) | $67,500 |
| Total cash to close | $337,500 |
| Income | |
| Rent (estimate) | $4,668$56,010 |
| Vacancy loss (8.0%) | |
| Effective gross income | $4,294$51,529 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,138$25,650 |
| Insurance (placeholder 0.8% of price) | $900$10,800 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $233$2,801 |
| Total operating expenses | $3,271$39,251 |
| 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) | $233$2,801 |
| 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 |
|---|---|---|---|---|---|---|---|
| multi_family | 3 | 2 | 2,384 | $2,900 | 2026-06-11 | — | |
| multi_family | 3 | 2 | 2,850 | $3,600 | — | — | |
| duplex_triplex | 3 | 1 | 1,000 | $3,200 | 2024-10-13 | — |
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 |
|---|---|---|---|---|---|---|
| 35 NW 57th St | multi_family | 3 | 1 | 1,414 | $540,000 | 2026-08-07 |
| 4430 NW 1st Ave | multi_family | 3 | 2 | 1,452 | $990,000 | 2026-01-21 |
| 38 NW 53rd St | multi_family | 3 | 1 | 2,244 | $890,000 | 2026-01-12 |
| 4860 N Miami Ave | multi_family | 3 | 2 | 1,574 | $1,450,000 | 2025-10-28 |
| 545 NW 45th St | multi_family | 3 | 1 | 1,470 | $910,000 | 2025-09-12 |
| 770 NW 55th St | multi_family | 3 | 2 | 2,220 | $460,000 | 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 |
|---|---|---|---|---|---|---|
| 1130 NW 57th St | single_family | 3 | 2 | 1,131 | $469,900 | — |
| single_family | 3 | 2 | 1,269 | $549,950 | — | |
| 5510 NW 1st Ave | single_family | 3 | 3 | 1,178 | $870,000 | — |
| 1191 NW 49th St | single_family | 3 | 2 | 955 | $470,000 | — |
| 1137 NW 55th St | single_family | 3 | 2 | 1,063 | $550,000 | — |
| 1121 NW 57th St | single_family | 3 | 2 | 1,309 | $616,000 | — |
| 736 NW 41st St | single_family | 3 | 2 | 1,277 | $569,000 | — |
| 583 NW 47th Ter | single_family | 3 | 2 | 1,182 | $747,500 | — |
10-year hold projection
IRR-4.7%
Equity multiple0.22x
Total return (10yr)-$88,171
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,390,500 | $12,279 | -$73,806 | $1,068,290 | $322,210 |
| 2 | $1,432,215 | $12,844 | -$73,311 | $1,055,777 | $376,438 |
| 3 | $1,475,181 | $13,430 | -$72,797 | $1,042,404 | $432,778 |
| 4 | $1,519,437 | $14,039 | -$72,261 | $1,028,112 | $491,325 |
| 5 | $1,565,020 | $14,672 | -$71,704 | $1,012,840 | $552,180 |
| 6 | $1,611,971 | $15,328 | -$71,125 | $996,518 | $615,453 |
| 7 | $1,660,330 | $16,010 | -$70,522 | $979,076 | $681,254 |
| 8 | $1,710,140 | $16,718 | -$69,895 | $960,435 | $749,704 |
| 9 | $1,761,444 | $17,453 | -$69,244 | $940,515 | $820,929 |
| 10 | $1,814,287 | $18,216 | -$68,566 | $919,227 | $895,060 |
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.