270-272 NW 35th St
Miami, FL 33127 · multi_family · For Sale · 42 days on market
Asking price$900,000
2 beds 2 baths 900 sqft
Suggested offer$411,058$488,942 above the est. market value of $411,058.
View on Realtor.com →Listed by Martina Smolakova · Fausto Commercial Realty Consultants Inc
Typemulti_family
Built1957
Price / sqft$1000
Est. value (own analysis)$411,058
Rent estimate (building total, own analysis)$3,672/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeAir2/10MinorFlood1/10minimal$Wildfire1/10Minimal
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Statusfor_sale
Listed date2026-07-22
Removed date—
MLSMiamiMLS #A12057870
Coordinates25.80933, -80.20081
Address270-272 NW 35th St
CityMiami
StateFL
Zip33127
Listing ID6113057771
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 | $900,000 |
| Down payment (20.0%) | $180,000 |
| Loan amount | $720,000 |
| Closing costs (5.0%) | $45,000 |
| Total cash to close | $225,000 |
| Income | |
| Rent (estimate) | $3,672$44,064 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,378$40,539 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,425$17,100 |
| Insurance (est. scaled by flood & wind risk) | $900$10,800 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $184$2,203 |
| Total operating expenses | $2,509$30,103 |
| 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) | $184$2,203 |
| 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 |
|---|---|---|---|---|---|---|---|
| duplex_triplex | 2 | 1 | 750 | $2,150 | 2025-09-09 | — |
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 |
|---|---|---|---|---|---|---|
| 51 NW 45th St | multi_family | 2 | 2 | 1,872 | $855,000 | 2026-07-14 |
| 5631 NW 5th Ct | multi_family | 2 | 2 | 888 | $322,000 | 2026-06-30 |
| 5300 N Miami Ave | multi_family | 2 | 2 | 1,742 | $1,000,000 | 2026-05-21 |
| 1066 NW 47th St | multi_family | 2 | 2 | 1,328 | $645,000 | 2026-03-31 |
| 1121 NW 51st St | multi_family | 2 | 2 | 1,436 | $323,000 | 2026-02-02 |
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 |
|---|---|---|---|---|---|---|
| 1075 NW 28th St | multi_family | 2 | 2 | 1,266 | $525,000 | — |
| 2700 NW 2nd Ave Unit 442 | condos | 2 | 2 | — | $1,300,000 | — |
| 21 NW 61st St | single_family | 2 | 1 | 972 | $550,000 | — |
| 266 NW 32nd St | single_family | 2 | 1 | 1,343 | $1,200,000 | — |
| 2700 NW 2nd Ave Unit 422 | condos | 2 | 2 | 830 | $1,790,000 | — |
| 1114 NW 59th St | single_family | 2 | 1 | 824 | $424,900 | — |
| 2700 NW 2nd Ave Unit 743 | condos | 2 | 2 | 840 | $1,275,900 | — |
| 2700 NW 2nd Ave Unit 642 | condos | 2 | 2 | 840 | $1,230,000 | — |
10-year hold projection
IRR-4.1%
Equity multiple0.32x
Total return (10yr)-$35,731
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $927,000 | $10,436 | -$47,290 | $712,194 | $214,806 |
| 2 | $954,810 | $10,899 | -$46,882 | $703,851 | $250,959 |
| 3 | $983,454 | $11,381 | -$46,457 | $694,936 | $288,518 |
| 4 | $1,012,958 | $11,880 | -$46,015 | $685,408 | $327,550 |
| 5 | $1,043,347 | $12,399 | -$45,556 | $675,227 | $368,120 |
| 6 | $1,074,647 | $12,937 | -$45,079 | $664,346 | $410,301 |
| 7 | $1,106,886 | $13,495 | -$44,583 | $652,717 | $454,169 |
| 8 | $1,140,093 | $14,074 | -$44,067 | $640,291 | $499,802 |
| 9 | $1,174,296 | $14,676 | -$43,532 | $627,011 | $547,285 |
| 10 | $1,209,525 | $15,299 | -$42,975 | $612,819 | $596,706 |
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.