350 SW 34th Ave
Miami, FL 33135 · single_family · For Sale · 636 days on market
Asking price$2,650,000
5 beds 4 baths 1,438 sqft
Suggested offer$1,157,900$1,492,100 above the est. market value of $1,157,900.
View on Realtor.com →Listed by Carlos E. Rojas · Miami Riches
Typesingle_family
Built—
Price / sqft$1843
Est. value (Realtor.com)$1,157,900
Rent estimate (own analysis)$5,000/mo
HOANone
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Statusfor_sale
Listed date2024-12-06
Removed date—
MLSMiamiMLS #A11705092
Coordinates25.76857, -80.25150
Address350 SW 34th Ave
CityMiami
StateFL
Zip33135
Listing ID6351838334
Sourcerealtor, cached 2026-08-21
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 | $2,650,000 |
| Down payment (20.0%) | $530,000 |
| Loan amount | $2,120,000 |
| Closing costs (5.0%) | $132,500 |
| Total cash to close | $662,500 |
| Income | |
| Rent (comp-derived) | $5,000$60,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $4,600$55,200 |
| Operating expenses | |
| Property tax (real MLS tax bill, from Realtor Search) | $1,034$12,406 |
| Insurance (placeholder 0.8% of price) | $1,767$21,200 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $250$3,000 |
| Total operating expenses | $3,051$36,606 |
| 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) | $250$3,000 |
| 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
Widened to city-wide. 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 | 2 | 1,598 | $5,000 | 2026-08-11 | — | |
| single_family | 5 | 2 | 1,729 | $3,950 | 2026-07-10 | — | |
| single_family | 5 | 3 | 1,646 | $4,800 | 2026-04-18 | — | |
| single_family | 5 | 2 | 1,747 | $3,600 | 2026-06-24 | — | |
| single_family | 5 | 3 | 1,462 | $5,000 | 2026-04-29 | — | |
| single_family | 5 | 4 | 1,334 | $5,900 | 2026-07-27 | — | |
| single_family | 5 | 3 | 1,940 | $18,000 | 2026-08-25 | — | |
| single_family | 5 | 2 | 1,500 | $4,400 | — | — | |
| single_family | 5 | 3 | 1,752 | $5,800 | — | — | |
| single_family | 5 | 2 | 1,898 | $5,700 | 2026-08-31 | — |
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 |
|---|---|---|---|---|---|---|
| 960 SW 13th Ct | single_family | 5 | 3 | 2,068 | $685,000 | 2026-04-15 |
| 901 SW 19th Ave | single_family | 5 | 3 | 2,646 | $735,000 | 2026-03-19 |
| 1513 SW 11th Ter | single_family | 5 | 5 | 3,013 | $2,075,000 | 2025-12-30 |
| 1819 SW 11th Ter | single_family | 5 | 6 | 2,887 | $1,825,000 | 2025-12-16 |
| 1816 SW 11th Ter | single_family | 5 | 3 | 2,160 | $1,100,000 | 2025-12-09 |
| 1801 SW 12th St | single_family | 5 | 4 | 3,444 | $1,900,000 | 2025-10-30 |
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 |
|---|---|---|---|---|---|---|
| 1200 SW 31st Ave | multi_family | 5 | 3 | 2,079 | $1,125,000 | — |
| 2033 SW 5th St | multi_family | 5 | 3 | 2,148 | $550,000 | — |
| 1636 SW 9th St | single_family | 5 | 5 | 2,638 | $1,899,000 | — |
| 2239 SW 10th St | single_family | 5 | 4 | 1,870 | $999,800 | — |
| 2360 SW 2nd St | single_family | 5 | 3 | 1,669 | $749,900 | — |
| 2134 SW 11th St | multi_family | 5 | 5 | 1,840 | $1,499,999 | — |
| 2431 SW 4th St | single_family | 5 | 6 | 3,678 | $1,300,000 | — |
| multi_family | 5 | 3 | 2,288 | $749,000 | — |
10-year hold projection
IRR-5.1%
Equity multiple0.15x
Total return (10yr)-$218,788
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $2,729,500 | $18,594 | -$147,890 | $2,097,014 | $632,486 |
| 2 | $2,811,385 | $19,335 | -$147,224 | $2,072,451 | $738,934 |
| 3 | $2,895,727 | $20,103 | -$146,534 | $2,046,200 | $849,527 |
| 4 | $2,982,598 | $20,898 | -$145,817 | $2,018,146 | $964,452 |
| 5 | $3,072,076 | $21,722 | -$145,074 | $1,988,166 | $1,083,910 |
| 6 | $3,164,239 | $22,576 | -$144,303 | $1,956,128 | $1,208,111 |
| 7 | $3,259,166 | $23,460 | -$143,503 | $1,921,889 | $1,337,277 |
| 8 | $3,356,941 | $24,376 | -$142,674 | $1,885,299 | $1,471,642 |
| 9 | $3,457,649 | $25,325 | -$141,815 | $1,846,196 | $1,611,453 |
| 10 | $3,561,378 | $26,308 | -$140,923 | $1,804,408 | $1,756,970 |
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.