5251 SW 6th St

Miami, FL 33134 · single_family · For Sale · 166 days on market
Asking price$929,000
4 beds 3 baths 2,067 sqft
View on Realtor.com →
Listed by Claudia Del Toro P.A · Cervera Real Estate Inc.
Typesingle_family
Built1941
Price / sqft$449
Est. value (own analysis)$1,823,824
Rent estimate (own analysis)$6,025/mo
HOANone
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Neighborhood

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Statusfor_sale
Listed date2026-03-20
Removed date
MLSMiamiMLS #A11985919
Coordinates25.76556, -80.28091
Address5251 SW 6th St
CityMiami
StateFL
Zip33134
Listing ID6165792228
Sourceus-real-estate-listings, cached 2026-08-30

ZIP market snapshot (33134)

Typical home value (ZHVI)$887,965
Typical rent (ZORI)$3,095/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$929,000
Down payment (20.0%)$185,800
Loan amount$743,200
Closing costs (5.0%)$46,450
Total cash to close$232,250
Rent (comp-derived)$6,025$72,300
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$72,300
Vacancy rate (assumption) assumption8.0%

$72,300 × 8.0% = $5,784

Effective gross income$5,543$66,516
Property tax (placeholder 1.9% of price)$1,471$17,651
Insurance (placeholder 0.8% of price)$619$7,432
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$301$3,615
Total operating expenses$2,392$28,698
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$66,516
Total operating expenses derived$28,698

$66,516 − $28,698 = $37,818

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$743,200
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$743,200 amortized at 6.7% over 30 years = $4,776/mo

CapEx reserve (5.0% of GSR)$301$3,615
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$37,818
Annual debt service derived$57,312
Annual CapEx reserve assumption$3,615
Annual PMI assumption$0

($37,818 − $57,312 − $3,615 − $0) ÷ 12 = -$1,926

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$37,818
Purchase price data$929,000

$37,818 ÷ $929,000 = 4.1%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$23,109
Total cash to close derived$232,250

-$23,109 ÷ $232,250 = -10.0%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$37,818
Annual debt service derived$57,312

$37,818 ÷ $57,312 = 0.66

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$72,300
Purchase price data$929,000

($72,300 ÷ 12) ÷ $929,000 = 0.6%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$929,000
Gross scheduled rent (annual) comp$72,300

$929,000 ÷ $72,300 = 12.8

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$28,698
Effective gross income derived$66,516

$28,698 ÷ $66,516 = 43.1%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$28,698
Annual debt service derived$57,312
Annual PMI assumption$0
Gross scheduled rent (annual) comp$72,300

($28,698 + $57,312 + $0) ÷ $72,300 = 119.0%

Comparables

Same ZIP. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family421,634$4,9502026-08-07
single_family431,655$5,3002026-07-22
single_family421,729$4,8002026-03-11
single_family431,900$4,9952026-08-11
single_family442,238$8,5002026-06-03
single_family432,655$8,8502026-07-01
single_family442,700$16,7002026-03-23
single_family422,326$6,750

5000 SW 5th Ter

Miami, 33134 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,634
Listed2026-08-07
Days on market

Asking rent: $4,950

View on Zillow →

4328 SW 9th Ter

Miami, 33134 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,655
Listed2026-07-22
Days on market

Asking rent: $5,300

View on Zillow →

5410 SW 2nd St

Miami, 33134 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,729
Listed2026-03-11
Days on market

Asking rent: $4,800

View on Zillow →

828 Lorca St

Coral Gables, 33134 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,900
Listed2026-08-11
Days on market

Asking rent: $4,995

View on Zillow →

423 Alhambra Cir

Coral Gables, 33134 · rent comp

Bedrooms / bathrooms4 bd / 4 ba
Square footage2,238
Listed2026-06-03
Days on market

Asking rent: $8,500

View on Zillow →

1211 Algeria Ave

Coral Gables, 33134 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage2,655
Listed2026-07-01
Days on market

Asking rent: $8,850

View on Zillow →

1226 San Miguel Ave Unit 1226

Coral Gables, 33134 · rent comp

Bedrooms / bathrooms4 bd / 4 ba
Square footage2,700
Listed2026-03-23
Days on market

Asking rent: $16,700

View on Zillow →

500 SW 51st Ct

Coral Gables, 33134 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage2,326
Listed
Days on market

Asking rent: $6,750

View on Zillow →

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
555 Catalonia Avesingle_family43$2,800,0002026-08-21
4361 SW 3rd Stsingle_family422,052$699,0002026-08-11
3920 Durango Stsingle_family421,794$1,300,0002026-08-10
61 SW 55th Avesingle_family411,729$530,0002026-08-06
2508 Anderson Rdsingle_family422,316$2,500,0002026-07-30
611 N Greenway Drsingle_family443,839$5,000,0002026-07-27
5175 SW 5th Tersingle_family411,562$740,0002026-07-24
14 San Sebastian Avesingle_family432,411$2,150,0002026-07-23
4027 SW 11th Stsingle_family431,748$700,0002026-07-13
722 Navarre Avesingle_family432,944$3,600,0002026-07-13
748 Palermo Avesingle_family442,782$2,876,0002026-07-08
311 Navarre Avesingle_family432,172$1,050,0002026-06-26
918 Santiago Stsingle_family442,801$2,980,0002026-06-25
1900 Pizarro Stsingle_family432,787$2,395,0002026-06-23
1450 Ortega Avesingle_family442,829$1,850,0002026-06-18
2010 N Greenway Drsingle_family443,108$3,550,0002026-06-11
737 Majorca Avesingle_family442,209$1,930,0002026-06-11
927 Catalonia Avesingle_family431,737$1,350,0002026-06-10
2415 Indian Mound Trlsingle_family432,363$1,715,0002026-06-04
528 Alcazar Avesingle_family421,700$1,500,0002026-06-03
1415 Sorolla Avesingle_family432,346$3,025,0002026-06-02
1411 Columbus Blvdsingle_family411,700$1,400,0002026-05-29
1415 Madrid Stsingle_family443,491$3,200,0002026-05-27
1429 Sorolla Avesingle_family432,823$1,580,0002026-05-26
1207 Columbus Blvdsingle_family442,114$2,450,0002026-05-22
1901 Country Club Pradosingle_family443,076$3,300,0002026-05-21
2115 Country Club Pradosingle_family453,709$3,510,0002026-05-18
911 Mariana Avesingle_family432,273$1,875,0002026-05-06
1240 Ferdinand Stsingle_family442,907$2,000,0002026-04-30
3905 SW 5th Stsingle_family45$1,800,0002026-04-29
1211 Castile Avesingle_family422,162$2,400,0002026-04-28
1226 Palermo Avesingle_family422,674$2,750,0002026-04-23
1117 Alberca Stsingle_family432,796$1,950,0002026-04-01
4739 SW 5th Stsingle_family422,084$767,0002026-03-13
749 Anastasia Avesingle_family432,429$2,900,0002026-03-10
322 Sarto Avesingle_family443,294$3,874,0002026-03-10
2607 N Greenway Drsingle_family443,105$2,700,0002026-02-27
1302 Alhambra Cirsingle_family442,438$2,550,0002026-02-26
832 Wallace Stsingle_family442,457$1,305,0002026-02-19
3903 Granada Blvdsingle_family432,336$3,175,0002026-02-18
330 SW 52nd Avesingle_family431,722$625,0002026-02-12
1341 Sorolla Avesingle_family422,388$2,650,0002026-02-03
4685 SW 13th Tersingle_family421,914$1,500,0002026-01-27
447 Giralda Avesingle_family431,869$2,000,0002026-01-22
1019 Venetia Avesingle_family432,465$2,295,0002026-01-21

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.

AddressTypeBedsBathsSqftAsking priceDays on market
4701 SW 7th Stsingle_family431,830$750,000
4870 SW 6th Stsingle_family431,682$700,000
3788 SW 27th Lnmulti_family421,980$1,250,000
5330 SW 7th Stsingle_family432,424$2,500,000
2893-2895 SW 37th Ctmulti_family431,935$915,000
4450 W Flagler Stmulti_family442,103$1,000,000
4251 SW 11th Stsingle_family443,736$2,990,000
2841 SW 38th Ct Unit Btownhomes442,671$1,950,000

10-year hold projection

IRR3.7%
Equity multiple1.59x
Total return (10yr)$257,530
YearProperty valueNOICash flowLoan balanceEquity
1$956,870$37,818-$23,109$735,142$221,728
2$985,576$39,096-$21,921$726,531$259,045
3$1,015,143$40,416-$20,694$717,328$297,815
4$1,045,598$41,779-$19,426$707,494$338,104
5$1,076,966$43,187-$18,115$696,984$379,982
6$1,109,275$44,641-$16,761$685,752$423,522
7$1,142,553$46,143-$15,362$673,749$468,803
8$1,176,829$47,693-$13,916$660,922$515,907
9$1,212,134$49,295-$12,422$647,214$564,920
10$1,248,498$50,948-$10,878$632,565$615,933
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.