3389 NW 14th Ave
Miami, FL 33142 · multi_family · For Sale · 41 days on market
Asking price$995,000
5 beds 3 baths 2,241 sqft
Suggested offer$722,454$272,546 above the est. market value of $722,454.
View on Realtor.com →Listed by Adrian Cortez · Serhant
Typemulti_family
Built2025
Price / sqft$444
Est. value (own analysis)$722,454
Rent estimate (building total, own analysis)$5,625/mo
HOANone
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Statusfor_sale
Listed date2026-07-24
Removed date—
MLSMiamiMLS #A12059127
Coordinates25.80778, -80.21948
Address3389 NW 14th Ave
CityMiami
StateFL
Zip33142
Listing ID5958814035
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33142)
Typical home value (ZHVI)$430,103
Typical rent (ZORI)$2,350/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 | $995,000 |
| Down payment (20.0%) | $199,000 |
| Loan amount | $796,000 |
| Closing costs (5.0%) | $49,750 |
| Total cash to close | $248,750 |
| Income | |
| Rent (estimate) | $5,625$67,499 |
| Vacancy loss (8.0%) | |
| Effective gross income | $5,175$62,099 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,575$18,905 |
| Insurance (placeholder 0.8% of price) | $663$7,960 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $281$3,375 |
| Total operating expenses | $2,520$30,240 |
| 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) | $281$3,375 |
| 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 |
|---|---|---|---|---|---|---|
| 3001 NW 22nd Ct | multi_family | 5 | 3 | 1,855 | $630,000 | 2026-04-10 |
| 2967 NW 30th St | multi_family | 5 | 3 | 2,916 | $520,000 | 2026-04-07 |
| 9596861224 | multi_family | 5 | 3 | 1,855 | $630,000 | 2026-03-27 |
| 3011 NW 14th Ave | multi_family | 5 | 3 | 1,866 | $620,000 | 2026-03-12 |
| 2121 NW 27th St | multi_family | 5 | 3 | 2,248 | $350,000 | 2025-12-16 |
| 2501 NW 24th Ct | multi_family | 5 | 1 | 2,000 | $625,000 | 2025-12-01 |
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 |
|---|---|---|---|---|---|---|
| 4245 NW 24th Ave | multi_family | 5 | 2 | 1,701 | $609,000 | — |
| 1345 NW 25th St | multi_family | 5 | 3 | 2,505 | $565,000 | — |
| 4769 NW 17th Ave | multi_family | 5 | 4 | 2,242 | $625,000 | — |
| 1274 NW 55th Ter | single_family | 5 | 4 | 2,292 | $760,000 | — |
| 2428 NW 28th St | multi_family | 5 | 3 | 1,662 | $649,000 | — |
| 1436 NW 51st Ter | multi_family | 5 | 2 | 1,548 | $598,900 | — |
| 1490/1492 NW 38th St | multi_family | 5 | 3 | 1,840 | $585,000 | — |
| 1523 NW 38th St | single_family | 5 | 2 | 1,472 | $615,000 | — |
10-year hold projection
IRR1.3%
Equity multiple1.21x
Total return (10yr)$182,150
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,024,850 | $31,859 | -$32,900 | $787,370 | $237,480 |
| 2 | $1,055,596 | $32,966 | -$31,877 | $778,147 | $277,449 |
| 3 | $1,087,263 | $34,110 | -$30,820 | $768,290 | $318,973 |
| 4 | $1,119,881 | $35,292 | -$29,726 | $757,757 | $362,124 |
| 5 | $1,153,478 | $36,514 | -$28,595 | $746,500 | $406,977 |
| 6 | $1,188,082 | $37,776 | -$27,426 | $734,471 | $453,611 |
| 7 | $1,223,725 | $39,080 | -$26,217 | $721,615 | $502,110 |
| 8 | $1,260,436 | $40,428 | -$24,967 | $707,876 | $552,560 |
| 9 | $1,298,249 | $41,821 | -$23,675 | $693,195 | $605,055 |
| 10 | $1,337,197 | $43,260 | -$22,339 | $677,504 | $659,692 |
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.