1975 NW 24th Ct
Miami, FL 33125 · multi_family · For Sale · 157 days on market
Asking price$1,400,000
9 beds 5 baths 3,163 sqft
Suggested offer$1,068,267$331,733 above the est. market value of $1,068,267.
View on Realtor.com →Listed by Yann Rousseau · Barnes International Realty Llc
Typemulti_family
Built1948
Price / sqft$443
Est. value (own analysis)$1,068,267
Rent estimate (building total, own analysis)$9,046/mo
HOANone
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Statusfor_sale
Listed date2026-03-29
Removed date—
MLSMiamiMLS #A11986530
Coordinates25.79379, -80.23648
Address1975 NW 24th Ct
CityMiami
StateFL
Zip33125
Listing ID6071434862
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33125)
Typical home value (ZHVI)$466,681
Typical rent (ZORI)$2,360/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 | $1,400,000 |
| Down payment (20.0%) | $280,000 |
| Loan amount | $1,120,000 |
| Closing costs (5.0%) | $70,000 |
| Total cash to close | $350,000 |
| Income | |
| Rent (estimate) | $9,046$108,554 |
| Vacancy loss (8.0%) | |
| Effective gross income | $8,322$99,870 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,217$26,600 |
| Insurance (placeholder 0.8% of price) | $933$11,200 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $452$5,428 |
| Total operating expenses | $3,602$43,228 |
| 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) | $452$5,428 |
| 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.
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 |
|---|---|---|---|---|---|---|
| 745 NW 32nd Ave | multi_family | — | — | 2,187 | $595,000 | 2026-08-17 |
| 460 NW 25th Ct | multi_family | 4 | 2 | 1,584 | $424,000 | 2026-08-12 |
| 1874 NW 19th St | multi_family | — | — | 1,450 | $515,000 | 2026-08-10 |
| 1330 NW 5th St | multi_family | 5 | 5 | 2,690 | $1,100,000 | 2026-08-07 |
| 1040 NW 23rd Ct | multi_family | — | — | 1,758 | $735,000 | 2026-08-06 |
| 119 NW 17th Pl | multi_family | 6 | 4 | 2,248 | $900,000 | 2026-07-31 |
| 149 NW 17th Pl | multi_family | — | — | 1,880 | $735,000 | 2026-07-16 |
| 1953 NW 3rd St | multi_family | 6 | 4 | 2,886 | $850,000 | 2026-07-15 |
| 426 NW 13th Ave Apt 2 | multi_family | 8 | 4 | 3,722 | $1,283,000 | 2026-07-13 |
| 1810 NW 3rd St | multi_family | 6 | 4 | 2,034 | $799,000 | 2026-07-09 |
| 1851 NW 22nd Ct | multi_family | 4 | 4 | 1,995 | $570,000 | 2026-07-07 |
| 1800 NW 18th Ter | multi_family | — | — | 2,636 | $800,000 | 2026-07-06 |
| 6947482638 | multi_family | — | — | 3,002 | $680,000 | 2026-06-22 |
| 911 NW 22nd Pl | multi_family | 8 | — | 3,244 | $900,000 | 2026-06-22 |
| 1790 NW 19th St | multi_family | — | — | 1,690 | $659,000 | 2026-06-12 |
| 5911202681 | multi_family | — | — | 1,821 | $460,000 | 2026-06-11 |
| 836 NW 33rd Ave | multi_family | — | — | 4,151 | $1,350,000 | 2026-06-09 |
| 330 NW 23rd Ct | multi_family | — | — | 1,404 | $575,000 | 2026-06-08 |
| 226 NW 16th Ave | multi_family | 5 | 1 | 2,637 | $470,000 | 2026-06-03 |
| 1229 NW 5th St | multi_family | 8 | 8 | 2,964 | $1,400,000 | 2026-06-02 |
| 1237 NW 5th St | multi_family | 8 | 5 | 2,759 | $1,400,000 | 2026-06-02 |
| 330 NW 25th Ave | multi_family | — | — | 1,926 | $561,225 | 2026-06-02 |
| 1397 NW 28th Ave | multi_family | 4 | 4 | 3,184 | $900,000 | 2026-06-01 |
| 1342 NW 1st St | multi_family | 4 | 2 | 1,950 | $640,000 | 2026-05-27 |
| 1621 NW 16th St | multi_family | — | — | 3,728 | $1,400,000 | 2026-05-26 |
| 1429 NW 2nd St | multi_family | 8 | 6 | 4,086 | $1,380,000 | 2026-05-14 |
| 2223 NW 3rd St | multi_family | — | — | 1,521 | $438,500 | 2026-05-14 |
| 1976 NW 25th Ave | multi_family | — | — | 4,492 | $365,000 | 2026-05-12 |
| 928 NW 23rd Ct | multi_family | 3 | 2 | 1,516 | $799,000 | 2026-05-11 |
| 2151 NW 1st Ter | multi_family | — | — | — | $1,263,500 | 2026-05-06 |
| 1801 NW 5th St | multi_family | — | — | 2,052 | $700,000 | 2026-05-01 |
| 1001 NW 36th Ave | multi_family | 6 | 6 | 2,688 | $967,200 | 2026-04-24 |
| 2029 NW 5th St | multi_family | 5 | 1 | 2,532 | $605,000 | 2026-04-21 |
| 1716 NW 19th St | multi_family | — | — | 4,952 | $1,800,000 | 2026-03-25 |
| 1011 NW 33rd Ave | multi_family | — | — | 2,876 | $745,000 | 2026-03-20 |
| 601 NW 23rd Ct | multi_family | 2 | 2 | 1,294 | $500,000 | 2026-03-10 |
| 1361 NW 6th St | multi_family | 4 | 3 | 1,992 | $1,413,000 | 2026-03-05 |
| 3436 NW 2nd St | multi_family | — | — | 2,842 | $700,000 | 2026-03-02 |
| 1209 NW 33rd Ave | multi_family | 5 | 3 | 2,650 | $675,000 | 2026-02-27 |
| 954 NW 34th Ave | multi_family | 4 | 4 | 2,066 | $805,000 | 2026-02-26 |
| 5362550731 | multi_family | — | — | 2,524 | $940,000 | 2026-01-26 |
| 1011 NW 27th Ct | multi_family | — | — | 1,773 | $627,500 | 2026-01-23 |
| 1520 NW 1st St | multi_family | 10 | 4 | 7,238 | $1,450,000 | 2025-12-31 |
| 1971 NW 24th Ct | multi_family | 6 | 2 | 2,404 | $750,000 | 2025-12-22 |
| 1027 NW 28th Ave | multi_family | — | — | 1,992 | $825,000 | 2025-12-10 |
| 2402 NW 11th St | multi_family | 2 | 2 | 1,141 | $226,300 | 2025-11-21 |
| 3681 NW 14th St | multi_family | 3 | 2 | 1,204 | $372,000 | 2025-11-18 |
| 3281 NW 14th Ter | multi_family | 6 | 3 | 2,473 | $715,000 | 2025-11-17 |
| 1991 NW 32nd Ave | multi_family | — | 8 | 4,541 | $1,850,000 | 2025-11-14 |
| 132 NW 18th Ave | multi_family | — | — | 2,126 | $765,000 | 2025-11-12 |
Widened to city-wide. 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 |
|---|---|---|---|---|---|---|
| 1313 SW 24th Ave | single_family | 9 | 6 | 5,008 | $1,500,000 | — |
| 2378 NW 60th St | multi_family | 9 | 4 | 2,446 | $880,000 | — |
| 101 NW 68th Ter | multi_family | 9 | 4 | 2,184 | $1,050,000 | — |
| 1736 SW 9th St | multi_family | 9 | 4 | 3,849 | $1,795,000 | — |
| 1725 S Bayshore Dr | single_family | 9 | 14 | 10,864 | $24,500,000 | — |
| 27 NE 60th Ter | multi_family | 9 | 4 | 2,804 | $1,400,000 | — |
10-year hold projection
IRR3.6%
Equity multiple1.58x
Total return (10yr)$384,310
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,442,000 | $56,642 | -$35,155 | $1,107,857 | $334,143 |
| 2 | $1,485,260 | $58,558 | -$33,375 | $1,094,880 | $390,380 |
| 3 | $1,529,818 | $60,536 | -$31,536 | $1,081,011 | $448,807 |
| 4 | $1,575,712 | $62,579 | -$29,635 | $1,066,191 | $509,522 |
| 5 | $1,622,984 | $64,689 | -$27,671 | $1,050,352 | $572,632 |
| 6 | $1,671,673 | $66,868 | -$25,642 | $1,033,426 | $638,247 |
| 7 | $1,721,823 | $69,119 | -$23,545 | $1,015,338 | $706,486 |
| 8 | $1,773,478 | $71,443 | -$21,378 | $996,007 | $777,471 |
| 9 | $1,826,682 | $73,843 | -$19,139 | $975,349 | $851,333 |
| 10 | $1,881,483 | $76,322 | -$16,826 | $953,273 | $928,210 |
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.