39 SW 114th Ave
Sweetwater, FL 33174 · multi_family · For Sale · 22 days on market
Asking price$925,000
5 beds 3 baths 2,488 sqft
Listed by Iliette Oliveros · Compass Florida, LLC.
Typemulti_family
Built1979
Price / sqft$372
Est. value (own analysis)$949,156
Rent estimate (building total, own analysis)$6,320/mo
HOANone
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Statusfor_sale
Listed date2026-08-11
Removed date—
MLSMiamiMLS #A12060044
Coordinates25.76755, -80.38066
Address39 SW 114th Ave
CitySweetwater
StateFL
Zip33174
Listing ID6355230055
Sourceus-real-estate-listings, cached 2026-09-01
ZIP market snapshot (33174)
Typical home value (ZHVI)$448,390
Typical rent (ZORI)$2,762/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 | $925,000 |
| Down payment (20.0%) | $185,000 |
| Loan amount | $740,000 |
| Closing costs (5.0%) | $46,250 |
| Total cash to close | $231,250 |
| Income | |
| Rent (estimate) | $6,320$75,834 |
| Vacancy loss (8.0%) | |
| Effective gross income | $5,814$69,768 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,465$17,575 |
| Insurance (placeholder 0.8% of price) | $617$7,400 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $316$3,792 |
| Total operating expenses | $2,397$28,767 |
| 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) | $316$3,792 |
| 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 |
|---|---|---|---|---|---|---|
| 11152 SW 7th St | multi_family | 6 | 4 | 2,410 | $790,000 | 2026-07-13 |
| 11048 SW 2nd St | multi_family | — | — | 1,440 | $640,000 | 2026-05-12 |
| 5266952154 | multi_family | — | — | 3,080 | $1,175,000 | 2026-03-19 |
| 6786117925 | multi_family | — | — | 3,080 | $1,175,000 | 2026-03-19 |
| 11621 SW 7th Ter | multi_family | — | — | 2,530 | $810,000 | 2026-02-27 |
| 11012 SW 4th St | multi_family | — | — | 2,352 | $725,000 | 2026-01-26 |
| 11331 SW 7th Ter | multi_family | — | — | 1,701 | $780,000 | 2026-01-08 |
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 |
|---|---|---|---|---|---|---|
| 11302 SW 7th St | multi_family | 5 | 3 | 1,951 | $800,000 | — |
10-year hold projection
IRR4.6%
Equity multiple1.74x
Total return (10yr)$292,671
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $952,750 | $41,001 | -$19,856 | $731,977 | $220,773 |
| 2 | $981,333 | $42,375 | -$18,577 | $723,403 | $257,930 |
| 3 | $1,010,772 | $43,793 | -$17,256 | $714,240 | $296,533 |
| 4 | $1,041,096 | $45,258 | -$15,890 | $704,447 | $336,648 |
| 5 | $1,072,329 | $46,771 | -$14,480 | $693,983 | $378,346 |
| 6 | $1,104,498 | $48,333 | -$13,022 | $682,799 | $421,699 |
| 7 | $1,137,633 | $49,945 | -$11,517 | $670,848 | $466,785 |
| 8 | $1,171,762 | $51,611 | -$9,962 | $658,076 | $513,686 |
| 9 | $1,206,915 | $53,330 | -$8,355 | $644,427 | $562,488 |
| 10 | $1,243,123 | $55,105 | -$6,696 | $629,840 | $613,282 |
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.