3969 SW 2nd St
Miami, FL 33134 · single_family · For Sale · 23 days on market
Asking price$799,999
5 beds 4 baths 2,700 sqft
Listed by Annia Garcia · Delphi Investment Realty
Typesingle_family
Built1951
Price / sqft$296
Est. value (own analysis)$2,631,646
Rent estimate (own analysis)$17,400/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood3/10moderate$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-08-10
Removed date—
MLSMiamiMLS #A12067483
Coordinates25.77065, -80.26098
Address3969 SW 2nd St
CityMiami
StateFL
Zip33134
Listing ID6246361196
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)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $799,999 |
| Down payment (20.0%) | $160,000 |
| Loan amount | $639,999 |
| Closing costs (5.0%) | $40,000 |
| Total cash to close | $200,000 |
| Income | |
| Rent (comp-derived) | $17,400$208,800 |
| Vacancy loss (8.0%) | |
| Effective gross income | $16,008$192,096 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,267$15,200 |
| Insurance (est. scaled by flood & wind risk) | $853$10,240 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $870$10,440 |
| Total operating expenses | $2,990$35,880 |
| 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) | $870$10,440 |
| 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 |
|---|---|---|---|---|---|---|---|
| single_family | 5 | 4 | 3,224 | $14,800 | 2026-08-24 | — | |
| single_family | 5 | 5 | 4,336 | $23,500 | 2026-08-26 | — | |
| single_family | 5 | 4 | 3,757 | $20,000 | 2026-06-28 | — | |
| single_family | 5 | 4 | 2,908 | $12,900 | 2026-03-31 | — |
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 |
|---|---|---|---|---|---|---|
| 935 Escobar Ave | single_family | 5 | 3 | 2,926 | $3,060,000 | 2026-07-21 |
| 2011 Country Club Prado | single_family | 5 | 2 | 4,500 | $2,200,000 | 2026-07-15 |
| 2910 Granada Blvd | single_family | 5 | 4 | 3,950 | $3,850,000 | 2026-06-10 |
| 2915 Alhambra Cir | single_family | 5 | 4 | 3,739 | $5,250,000 | 2026-05-26 |
| 4231 SW 11th St | single_family | 5 | 6 | 3,892 | $2,900,000 | 2026-05-22 |
| 1257 Mariola Ct | single_family | 5 | 3 | 6,089 | $7,600,000 | 2026-05-15 |
| 3919 Granada Blvd | single_family | 5 | 5 | 4,040 | $3,895,000 | 2026-04-28 |
| 916 Catalonia Ave | single_family | 5 | 5 | 5,664 | $5,475,000 | 2026-04-20 |
| 1311 Alhambra Cir | single_family | 5 | 5 | 5,090 | $5,500,000 | 2026-03-06 |
| 638 Escobar Ave | single_family | 5 | 5 | 3,440 | $3,650,000 | 2026-03-04 |
| 1820 Ferdinand St | single_family | 5 | 4 | 3,132 | $2,400,000 | 2026-02-09 |
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 |
|---|---|---|---|---|---|---|
| 619 SW 39th Ave | single_family | 5 | 4 | 2,115 | $749,999 | — |
| 650 SW 44th Ct | multi_family | 5 | 4 | 2,073 | $1,600,000 | — |
| 5152 SW 6th St | single_family | 5 | 4 | 1,765 | $1,085,000 | — |
| 1140 Asturia Ave | single_family | 5 | 5 | 3,386 | $4,200,000 | — |
| 1202 Granada Blvd | single_family | 5 | 3 | 2,855 | $2,995,000 | — |
| 730 Zamora Ave | single_family | 5 | 6 | 4,299 | $5,700,000 | — |
| 1301 Milan Ave Apt 3 | condo_townhome_rowhome_coop | 5 | 5 | 483 | $3,200,000 | — |
| 1704 S Le Jeune Rd | multi_family | 5 | 4 | 2,183 | $1,295,000 | — |
10-year hold projection
IRR53.4%
Equity multiple8.28x
Total return (10yr)$1,560,094
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $823,999 | $156,216 | $96,422 | $633,060 | $190,939 |
| 2 | $848,719 | $161,082 | $101,027 | $625,645 | $223,074 |
| 3 | $874,181 | $166,098 | $105,776 | $617,720 | $256,461 |
| 4 | $900,406 | $171,270 | $110,673 | $609,251 | $291,155 |
| 5 | $927,418 | $176,601 | $115,723 | $600,200 | $327,218 |
| 6 | $955,241 | $182,097 | $120,931 | $590,528 | $364,712 |
| 7 | $983,898 | $187,763 | $126,302 | $580,192 | $403,706 |
| 8 | $1,013,415 | $193,604 | $131,840 | $569,146 | $444,269 |
| 9 | $1,043,817 | $199,625 | $137,551 | $557,341 | $486,476 |
| 10 | $1,075,132 | $205,833 | $143,441 | $544,726 | $530,406 |
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.