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244 SW 14th Ave

Miami, FL 33135 · multi_family · For Sale · 40 days on market
Asking price$1,150,000
6 beds 3 baths 1,938 sqft
Suggested offer$741,260$408,740 above the est. market value of $741,260.
View on Realtor.com →
Listed by Magali Resnik · Brickell Broker R.E.
Typemulti_family
Built1928
Price / sqft$593
Est. value (own analysis)$741,260
Rent estimate (building total, own analysis)$5,897/mo
HOANone
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-07-24
Removed date—
MLSMiamiMLS #A12059433
Coordinates25.77060, -80.21816
Address244 SW 14th Ave
CityMiami
StateFL
Zip33135
Listing ID6304719662
Sourceus-real-estate-listings, cached 2026-08-30

ZIP market snapshot (33135)

Typical home value (ZHVI)$531,790
Typical rent (ZORI)$2,051/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$1,150,000
Down payment (20.0%)$230,000
Loan amount$920,000
Closing costs (5.0%)$57,500
Total cash to close$287,500
Income
Rent (estimate)$5,897$70,765
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$70,765
Vacancy rate (assumption) assumption8.0%

$70,765 × 8.0% = $5,661

Effective gross income$5,425$65,104
Operating expenses
Property tax (placeholder 1.9% of price)$1,821$21,850
Insurance (placeholder 0.8% of price)$767$9,200
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$295$3,538
Total operating expenses$2,882$34,588
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$65,104
Total operating expenses derived$34,588

$65,104 − $34,588 = $30,516

Debt service & reserves
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$920,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$920,000 amortized at 6.7% over 30 years = $5,912/mo

CapEx reserve (5.0% of GSR)$295$3,538
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$30,516
Annual debt service derived$70,946
Annual CapEx reserve assumption$3,538
Annual PMI assumption$0

($30,516 − $70,946 − $3,538 − $0) ÷ 12 = -$3,664

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$30,516
Purchase price data$1,150,000

$30,516 ÷ $1,150,000 = 2.7%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$43,969
Total cash to close derived$287,500

-$43,969 ÷ $287,500 = -15.3%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$30,516
Annual debt service derived$70,946

$30,516 ÷ $70,946 = 0.43

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$70,765
Purchase price data$1,150,000

($70,765 ÷ 12) ÷ $1,150,000 = 0.5%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$1,150,000
Gross scheduled rent (annual) comp$70,765

$1,150,000 ÷ $70,765 = 16.3

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$34,588
Effective gross income derived$65,104

$34,588 ÷ $65,104 = 53.1%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$34,588
Annual debt service derived$70,946
Annual PMI assumption$0
Gross scheduled rent (annual) comp$70,765

($34,588 + $70,946 + $0) ÷ $70,765 = 149.1%

Comparables

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

No active rental listings cached yet for this bedroom count.

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
1233 SW 13th Avemulti_family665,136$1,555,0002026-07-22
120 SW 20th Avemulti_family662,304$881,2502026-06-26
200 SW 20th Avemulti_family641,990$666,0002026-05-19
1632 SW 7th Stmulti_family652,793$5,550,0002026-01-23
1145 SW 20th Avemulti_family612,336$1,360,1002025-10-20
1805 SW 4th Stmulti_family631,743$760,0002025-10-14
1416 SW 6th Stmulti_family643,321$800,0002025-09-26

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
244 SW 36th Avemulti_family631,847$639,000—
2247 SW 9th Stmulti_family642,100$1,379,000—
1801 SW 10th Stsingle_family633,994$1,475,000—
1644 SW 9th Stsingle_family642,078$1,395,000—
620 SW 13th Avemulti_family641,980$1,500,000—
2204 SW 11th Tersingle_family653,668$1,550,000—
3438 SW 2nd Stmulti_family643,095$1,100,000—
2818 SW 2nd Stmulti_family642,262$899,000—

10-year hold projection

IRR-0.2%
Equity multiple0.97x
Total return (10yr)$142,197
YearProperty valueNOICash flowLoan balanceEquity
1$1,184,500$30,516-$43,969$910,025$274,475
2$1,220,035$31,604-$42,969$899,365$320,670
3$1,256,636$32,730-$41,934$887,973$368,663
4$1,294,335$33,893-$40,863$875,799$418,536
5$1,333,165$35,096-$39,755$862,789$470,376
6$1,373,160$36,340-$38,609$848,885$524,275
7$1,414,355$37,626-$37,424$834,027$580,328
8$1,456,786$38,955-$36,197$818,148$638,637
9$1,500,489$40,329-$34,928$801,179$699,310
10$1,545,504$41,750-$33,615$783,045$762,459
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.