3210 E Elizabeth St
Miami, FL 33133 · multi_family · For Sale · 417 days on market
Asking price$1,875,000
4 beds 2 baths 1,492 sqft
Suggested offer$1,045,530$829,470 above the est. market value of $1,045,530.
View on Realtor.com →Listed by Frank Potamos · Avanti Way
Typemulti_family
Built1948
Price / sqft$1257
Est. value (own analysis)$1,045,530
Rent estimate (building total, own analysis)$6,440/mo
HOANone
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Statusfor_sale
Listed date2025-07-13
Removed date—
MLSMiamiMLS #A11839361
Coordinates25.73102, -80.24862
Address3210 E Elizabeth St
CityMiami
StateFL
Zip33133
Listing ID6048268162
Sourceus-real-estate-listings, cached 2026-08-30
ZIP market snapshot (33133)
Typical home value (ZHVI)$1,352,044
Typical rent (ZORI)$3,793/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 | $1,875,000 |
| Down payment (20.0%) | $375,000 |
| Loan amount | $1,500,000 |
| Closing costs (5.0%) | $93,750 |
| Total cash to close | $468,750 |
| Income | |
| Rent (estimate) | $6,440$77,280 |
| Vacancy loss (8.0%) | |
| Effective gross income | $5,925$71,097 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,969$35,625 |
| Insurance (placeholder 0.8% of price) | $1,250$15,000 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $322$3,864 |
| Total operating expenses | $4,541$54,489 |
| 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) | $322$3,864 |
| 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 | 4 | 2 | 1,686 | $3,400 | 2026-08-24 | — | |
| multi_family | 4 | 2 | — | $3,849 | — | — |
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 |
|---|---|---|---|---|---|---|
| 2724 SW 34th Ave | multi_family | 4 | 4 | 2,056 | $790,000 | 2026-06-12 |
| 3170 Carter St | multi_family | 4 | 2 | 1,225 | $1,144,000 | 2026-06-02 |
| 3586 Main Hwy | multi_family | 4 | — | 2,389 | $2,550,000 | 2026-01-06 |
| 3615 SW 25th Ter | multi_family | 4 | 2 | 1,653 | $284,500 | 2025-12-18 |
| 3690 SW 28th St | multi_family | 4 | 2 | 1,320 | $925,000 | 2025-10-22 |
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 |
|---|---|---|---|---|---|---|
| 72 Shore Dr W | single_family | 4 | 5 | 3,328 | $4,200,000 | — |
| 4110 Battersea Rd | single_family | 4 | 4 | 2,787 | $2,590,000 | — |
| 3794 Irvington Ave | single_family | 4 | 2 | 1,796 | $2,085,000 | — |
| 4120 Lybyer Ave | single_family | 4 | 3 | 1,981 | $2,750,000 | — |
| 2927 SW 36th Ave | townhomes | 4 | 6 | — | $1,685,000 | — |
| 5 Grove Isle Dr Apt M502 | condos | 4 | 5 | 3,677 | $9,995,000 | — |
| 3372 Charles Ave | single_family | 4 | 5 | 3,026 | $4,160,000 | — |
| 3352 Charles Ave | single_family | 4 | 5 | 3,150 | $4,225,000 | — |
10-year hold projection
IRR-4.8%
Equity multiple0.21x
Total return (10yr)-$127,291
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,931,250 | $16,608 | -$102,929 | $1,483,737 | $447,513 |
| 2 | $1,989,188 | $17,379 | -$102,255 | $1,466,357 | $522,831 |
| 3 | $2,048,863 | $18,180 | -$101,553 | $1,447,783 | $601,080 |
| 4 | $2,110,329 | $19,011 | -$100,823 | $1,427,934 | $682,395 |
| 5 | $2,173,639 | $19,875 | -$100,063 | $1,406,722 | $766,917 |
| 6 | $2,238,848 | $20,772 | -$99,273 | $1,384,053 | $854,795 |
| 7 | $2,306,014 | $21,703 | -$98,451 | $1,359,827 | $946,186 |
| 8 | $2,375,194 | $22,670 | -$97,596 | $1,333,938 | $1,041,256 |
| 9 | $2,446,450 | $23,674 | -$96,706 | $1,306,272 | $1,140,178 |
| 10 | $2,519,843 | $24,716 | -$95,782 | $1,276,705 | $1,243,139 |
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.