1313 SW 24th Ave

Miami, FL 33145 · single_family · For Sale · 97 days on market
Asking price$1,500,000
9 beds 6 baths 5,008 sqft
View on Realtor.com →
Listed by Miranda Marrero · Casa Victoria Realty LLC
Typesingle_family
Built1946
Price / sqft$300
Est. value (own analysis)$2,865,808
Rent estimate (Zillow ZIP avg)$3,018/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood5/10major$Air2/10MinorWildfire1/10Minimal
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Neighborhood

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Statusfor_sale
Listed date2026-05-28
Removed date
MLSMiamiMLS #A12024728
Coordinates25.76005, -80.23442
Address1313 SW 24th Ave
CityMiami
StateFL
Zip33145
Listing ID6080095082
Sourceus-real-estate-listings, cached 2026-08-31

ZIP market snapshot (33145)

Typical home value (ZHVI)$735,527
Typical rent (ZORI)$3,018/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)

Purchase price$1,500,000
Down payment (20.0%)$300,000
Loan amount$1,200,000
Closing costs (5.0%)$75,000
Total cash to close$375,000
Rent (ZIP avg, ZORI — not bedroom-specific)$3,018$36,219
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$36,219
Vacancy rate (assumption) assumption8.0%

$36,219 × 8.0% = $2,898

Effective gross income$2,777$33,322
Property tax (placeholder 1.9% of price)$2,375$28,500
Insurance (est. scaled by flood & wind risk)$1,750$21,000
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$151$1,811
Total operating expenses$4,276$51,311
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$33,322
Total operating expenses derived$51,311

$33,322 − $51,311 = -$17,989

Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing)

Monthly Principal & Interest

Standard amortization on the loan amount, at the effective rate and term

Loan amount derived$1,200,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$1,200,000 amortized at 6.7% over 30 years = $7,712/mo

CapEx reserve (5.0% of GSR)$151$1,811
Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%)$0$0
Cash flow

Monthly Cash Flow

(NOI − Annual Debt Service − Annual CapEx Reserve − Annual PMI) ÷ 12

NOI derived-$17,989
Annual debt service derived$92,538
Annual CapEx reserve assumption$1,811
Annual PMI assumption$0

(-$17,989 − $92,538 − $1,811 − $0) ÷ 12 = -$9,362

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived-$17,989
Purchase price data$1,500,000

-$17,989 ÷ $1,500,000 = -1.2%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$112,338
Total cash to close derived$375,000

-$112,338 ÷ $375,000 = -30.0%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived-$17,989
Annual debt service derived$92,538

-$17,989 ÷ $92,538 = -0.19

Rent-to-price (1% rule)

Rent-to-Price (the "1% rule")

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$36,219
Purchase price data$1,500,000

($36,219 ÷ 12) ÷ $1,500,000 = 0.2%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$1,500,000
Gross scheduled rent (annual) comp$36,219

$1,500,000 ÷ $36,219 = 41.4

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$51,311
Effective gross income derived$33,322

$51,311 ÷ $33,322 = 154.0%

Break-even occupancy

Break-Even Occupancy

(Total OpEx + Annual Debt Service + Annual PMI) ÷ Gross Scheduled Rent

Total operating expenses derived$51,311
Annual debt service derived$92,538
Annual PMI assumption$0
Gross scheduled rent (annual) comp$36,219

($51,311 + $92,538 + $0) ÷ $36,219 = 397.2%

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
2212 SW 22nd Avesingle_family021,718$1,050,0002026-08-27
2225 SW 18th Avesingle_family453,733$2,350,0002026-08-24
1851 SW 21st Tersingle_family221,773$785,0002026-08-17
1366 SW 15th Stsingle_family442,947$2,350,0002026-08-13
2830 SW 17th Stsingle_family321,187$750,0002026-08-11
2110 SW 15th Stsingle_family321,378$860,0002026-08-05
3644 SW 3rd Avesingle_family232,267$1,310,0002026-08-04
2190 SW 20th Stsingle_family321,640$1,025,0002026-07-31
2220 SW 16th Tersingle_family431,968$600,0002026-07-30
1811 SW 17th Tersingle_family211,404$710,0002026-07-24
2200 SW 23rd Tersingle_family421,554$750,0002026-07-24
1879 SW 16th Stsingle_family211,633$750,0002026-07-23
1820 SW 25th Avesingle_family32960$515,0002026-07-22
1910 SW 33rd Avesingle_family432,368$2,100,0002026-07-20
2101 SW 16th Tersingle_family341,649$930,0002026-07-17
2367 SW 23rd Tersingle_family421,588$750,0002026-07-10
3173 SW 23rd Tersingle_family0$1,700,0002026-07-07
3170 SW 19th Tersingle_family211,388$642,0002026-07-07
3261 SW 16th Lnsingle_family332,001$1,599,0002026-06-30
1712 SW 13th Stsingle_family532,514$822,0002026-06-30
2355 SW 36th Avesingle_family321,068$720,0002026-06-29
1721 SW 24th Tersingle_family541,951$975,0002026-06-26
1871 SW 23rd Stsingle_family211,556$940,0002026-06-26
2508 SW 19th Tersingle_family321,024$695,0002026-06-24
2350 SW 16th Stsingle_family221,224$615,0002026-06-18
2360 SW 22nd Tersingle_family311,159$650,0002026-06-17
2332 SW 19th Tersingle_family211,285$1,089,0002026-06-15
1441 SW 17th Stsingle_family421,398$800,0002026-06-15
1211 SW 19th Stsingle_family321,980$937,7002026-06-12
1780 SW 23rd Stsingle_family441,590$750,0002026-06-12
2225 SW 19th Avesingle_family321,898$1,430,0002026-06-11
3111 SW 15th Stsingle_family321,349$1,025,0002026-06-05
3121 SW 21st Tersingle_family321,447$890,0002026-06-03
1971 SW 33rd Avesingle_family432,331$1,550,0002026-06-03
1200 SW 18th Stsingle_family332,778$1,680,0002026-06-02
2231 SW 16th Avesingle_family664,760$1,550,0002026-06-02
1710 SW 13th Stsingle_family431,334$650,0002026-06-02
3655 SW 17th Stsingle_family21880$700,0002026-06-01
1701 SW 29th Avesingle_family332,249$897,1902026-05-29
1980 SW 32nd Avesingle_family321,707$670,0002026-05-29
1900 SW 21st Avesingle_family211,053$730,0002026-05-28
1738 SW 17th Stsingle_family421,938$700,0002026-05-22
3416 SW 16th Stsingle_family321,309$518,0002026-05-19
2258 SW 15th Stsingle_family331,517$650,0002026-05-15
1941 SW 33rd Avesingle_family211,039$690,0002026-05-07
2945 SW 16th Stsingle_family311,156$619,0002026-05-06
2990 SW 20th Stsingle_family452,828$2,270,0002026-05-04
1633 SW 30th Avesingle_family22855$530,0002026-04-30
1345 SW 17th Stsingle_family211,479$950,0002026-04-29
1511 SW 20th Ctsingle_family522,020$1,150,0002026-04-27

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.

AddressTypeBedsBathsSqftAsking priceDays on market
2378 NW 60th Stmulti_family942,446$880,000
101 NW 68th Termulti_family942,184$1,050,000
9401 SW 97th Avesingle_family944,218$1,800,000
1736 SW 9th Stmulti_family943,849$1,795,000
1975 NW 24th Ctmulti_family953,163$1,400,000
1725 S Bayshore Drsingle_family91410,864$24,500,000
27 NE 60th Termulti_family942,804$1,400,000

10-year hold projection

IRR-10.0%
Equity multiple-0.71x
Total return (10yr)-$444,021
YearProperty valueNOICash flowLoan balanceEquity
1$1,545,000-$17,989-$112,338$1,186,989$358,011
2$1,591,350-$18,272-$112,667$1,173,085$418,265
3$1,639,091-$18,558-$112,998$1,158,226$480,864
4$1,688,263-$18,845-$113,333$1,142,347$545,916
5$1,738,911-$19,134-$113,671$1,125,377$613,534
6$1,791,078-$19,425-$114,012$1,107,242$683,836
7$1,844,811-$19,717-$114,356$1,087,862$756,949
8$1,900,155-$20,011-$114,702$1,067,151$833,004
9$1,957,160-$20,306-$115,051$1,045,017$912,143
10$2,015,875-$20,603-$115,403$1,021,364$994,511
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.
All figures are estimates for evaluation purposes only, not investment, tax, legal, or insurance advice. Property tax is estimated from a real matched tax bill or millage rate when available, a placeholder % of price otherwise; insurance is scaled by flood and wind risk where those are known and a flat percentage otherwise — never a real quote. Verify all of them, along with association restrictions and permit status, before committing capital. Rent estimates come from real comps or Zillow’s ZIP index, not appraisals.