2841 SW 24th Ter
Miami, FL 33145 · multi_family · For Sale · 194 days on market
Asking price$1,390,000
6 beds 4 baths 2,944 sqft
Suggested offer$1,207,452$182,548 above the est. market value of $1,207,452.
View on Realtor.com →Listed by Victor Barroso · Hand Keys Realty
Typemulti_family
Built1981
Price / sqft$472
Est. value (own analysis)$1,207,452
Rent estimate (building total, own analysis)$9,274/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood6/10major$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-02-20
Removed date—
MLSMiamiMLS #A11966161
Coordinates25.74636, -80.24044
Address2841 SW 24th Ter
CityMiami
StateFL
Zip33145
Listing ID6138310228
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)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $1,390,000 |
| Down payment (20.0%) | $278,000 |
| Loan amount | $1,112,000 |
| Closing costs (5.0%) | $69,500 |
| Total cash to close | $347,500 |
| Income | |
| Rent (estimate) | $9,274$111,283 |
| Vacancy loss (8.0%) | |
| Effective gross income | $8,532$102,381 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,201$26,410 |
| Insurance (est. scaled by flood & wind risk) | $1,622$19,460 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $464$5,564 |
| Total operating expenses | $4,286$51,434 |
| 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) | $464$5,564 |
| 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 |
|---|---|---|---|---|---|---|
| 1701 SW 21st St | multi_family | — | — | 1,899 | $750,000 | 2026-08-10 |
| 2801 SW 24th St | multi_family | — | — | 2,805 | $830,000 | 2026-07-28 |
| 3460 SW 24th Ter | multi_family | — | — | 1,946 | $690,000 | 2026-07-23 |
| 3431 3433 Sw 16 Ter | multi_family | — | — | 3,704 | $1,740,000 | 2026-07-02 |
| 2385 SW 22nd Ter | multi_family | 4 | 2 | 1,779 | $1,215,000 | 2026-06-18 |
| 2933 SW 24th St | multi_family | — | — | 1,312 | $710,000 | 2026-06-12 |
| 3611 SW 23rd St | multi_family | — | — | 2,525 | $1,000,000 | 2026-06-04 |
| 3501 SW 16th Ter | multi_family | — | — | 2,016 | $750,000 | 2026-06-04 |
| 1395 SW 22nd Ter | multi_family | — | — | 2,224 | $1,000,000 | 2026-06-01 |
| 3166 SW 22nd Ter | multi_family | — | — | 2,580 | $1,000,000 | 2026-05-29 |
| 1337 SW 15th St | multi_family | — | — | 2,736 | $1,365,000 | 2026-05-22 |
| 3461 SW 24th St | multi_family | 6 | 4 | 2,550 | $1,100,000 | 2026-05-22 |
| 3210 SW 24th Ter | multi_family | — | — | 2,020 | $935,000 | 2026-05-18 |
| 3561 SW 14th St | multi_family | — | — | 1,771 | $700,000 | 2026-04-28 |
| 3565 SW 14th St | multi_family | — | — | 1,771 | $700,000 | 2026-04-24 |
| 3310 SW 1st Ave | multi_family | 4 | 3 | 1,498 | $775,000 | 2026-04-23 |
| 2740 SW 23rd St | multi_family | — | — | 4,761 | $1,300,000 | 2026-04-17 |
| 2612 SW 19th Ter | multi_family | 4 | 2 | 1,450 | $562,500 | 2026-04-10 |
| 3577 SW 17th St | multi_family | — | — | 2,110 | $1,325,000 | 2026-04-01 |
| 2039 SW 17th St | multi_family | 3 | 2 | 2,110 | $885,000 | 2026-03-09 |
| 1352 SW 14th St | multi_family | 4 | 2 | 3,458 | $1,050,000 | 2026-03-09 |
| 1836 SW 23rd Ter | multi_family | 3 | 2 | 1,716 | $675,000 | 2026-02-18 |
| 3269 SW 23rd Ter | multi_family | — | — | 1,635 | $950,000 | 2026-02-10 |
| 2268 SW 16th Ter | multi_family | 4 | 3 | 2,412 | $1,650,000 | 2026-01-07 |
| 2895 SW 23rd Ter | multi_family | — | — | 1,378 | $580,000 | 2025-12-29 |
| 2269 SW 17th St | multi_family | 4 | 2 | 1,019 | $575,000 | 2025-12-17 |
| 3231 SW 23rd Ter | multi_family | 5 | 3 | 2,236 | $1,200,000 | 2025-12-08 |
| 1475 SW 22nd Ter | multi_family | 5 | 3 | 2,349 | $600,000 | 2025-11-21 |
| 2445 SW 18th St | multi_family | — | — | 2,420 | $1,150,000 | 2025-11-10 |
| 2613 SW 16th Ter | multi_family | — | — | 2,652 | $850,000 | 2025-11-07 |
| 3480 SW 22nd Ter | multi_family | — | — | — | $725,000 | 2025-11-04 |
| 3540 SW 24th St | multi_family | — | — | 2,255 | $950,000 | 2025-10-28 |
| 3347 SW 24th St | multi_family | 4 | 2 | 2,515 | $855,000 | 2025-10-28 |
| 1800 SW 13th St | multi_family | 7 | 3 | 4,879 | $1,500,000 | 2025-10-20 |
| 3064 SW 16th Ter | multi_family | — | — | 2,075 | $950,000 | 2025-10-09 |
| 2490 SW 17th St | multi_family | — | — | 2,821 | $810,000 | 2025-10-08 |
| 2121 SW 13th Ave | multi_family | — | — | 2,370 | $950,000 | 2025-10-02 |
| 2301 SW 17th Ave | multi_family | 4 | 3 | 2,239 | $1,100,000 | 2025-09-30 |
| 3545 SW 13th Ter | multi_family | — | — | 2,350 | $800,000 | 2025-09-22 |
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 |
|---|---|---|---|---|---|---|
| 3085 and 3083 SW 17th St | multi_family | 6 | 5 | 1,877 | $779,900 | — |
| 1651 SW 13th Ave | single_family | 6 | 7 | 4,496 | $2,950,000 | — |
| 2369 SW 17th Ter | multi_family | 6 | 4 | 2,320 | $3,500,000 | — |
| 2278 SW 16th Ave | multi_family | 6 | 4 | 3,687 | $1,498,000 | — |
| 1428 SW 20th St | multi_family | 6 | 4 | 2,420 | $1,180,000 | — |
10-year hold projection
IRR2.5%
Equity multiple1.40x
Total return (10yr)$321,163
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,431,700 | $50,946 | -$40,370 | $1,099,943 | $331,757 |
| 2 | $1,474,651 | $52,732 | -$38,723 | $1,087,059 | $387,592 |
| 3 | $1,518,891 | $54,578 | -$37,020 | $1,073,290 | $445,601 |
| 4 | $1,564,457 | $56,485 | -$35,259 | $1,058,575 | $505,882 |
| 5 | $1,611,391 | $58,457 | -$33,437 | $1,042,850 | $568,541 |
| 6 | $1,659,733 | $60,494 | -$31,553 | $1,026,045 | $633,688 |
| 7 | $1,709,525 | $62,600 | -$29,605 | $1,008,085 | $701,439 |
| 8 | $1,760,810 | $64,776 | -$27,590 | $988,893 | $771,917 |
| 9 | $1,813,635 | $67,025 | -$25,506 | $968,382 | $845,252 |
| 10 | $1,868,044 | $69,349 | -$23,352 | $946,464 | $921,580 |
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.