2835 SW 132nd Ave

Miami, FL 33175 · single_family · For Sale · 61 days on market
Asking price$3,500,000
7 beds 6 baths 5,789 sqft
Suggested offer$2,350,971$1,149,029 above the est. market value of $2,350,971.
View on Realtor.com →
Listed by Maria Salas Cruz · Realty World Executive Homes
Typesingle_family
Built2016
Price / sqft$605
Est. value (own analysis)$2,350,971
Rent estimate (own analysis)$20,000/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeAir2/10MinorWildfire2/10MinorFlood1/10minimal$
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-07-03
Removed date
MLSMiamiMLS #A12045053
Coordinates25.74145, -80.40744
Address2835 SW 132nd Ave
CityMiami
StateFL
Zip33175
Listing ID6403632917
Sourceus-real-estate-listings, cached 2026-09-01

ZIP market snapshot (33175)

Typical home value (ZHVI)$628,459
Typical rent (ZORI)$3,232/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$3,500,000
Down payment (20.0%)$700,000
Loan amount$2,800,000
Closing costs (5.0%)$175,000
Total cash to close$875,000
Rent (comp-derived)$20,000$240,000
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$240,000
Vacancy rate (assumption) assumption8.0%

$240,000 × 8.0% = $19,200

Effective gross income$18,400$220,800
Property tax (placeholder 1.9% of price)$5,542$66,500
Insurance (est. scaled by flood & wind risk)$3,500$42,000
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$1,000$12,000
Total operating expenses$10,042$120,500
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$220,800
Total operating expenses derived$120,500

$220,800 − $120,500 = $100,300

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$2,800,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$2,800,000 amortized at 6.7% over 30 years = $17,994/mo

CapEx reserve (5.0% of GSR)$1,000$12,000
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$100,300
Annual debt service derived$215,923
Annual CapEx reserve assumption$12,000
Annual PMI assumption$0

($100,300 − $215,923 − $12,000 − $0) ÷ 12 = -$10,635

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$100,300
Purchase price data$3,500,000

$100,300 ÷ $3,500,000 = 2.9%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$127,623
Total cash to close derived$875,000

-$127,623 ÷ $875,000 = -14.6%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$100,300
Annual debt service derived$215,923

$100,300 ÷ $215,923 = 0.46

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$240,000
Purchase price data$3,500,000

($240,000 ÷ 12) ÷ $3,500,000 = 0.6%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$3,500,000
Gross scheduled rent (annual) comp$240,000

$3,500,000 ÷ $240,000 = 14.6

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$120,500
Effective gross income derived$220,800

$120,500 ÷ $220,800 = 54.6%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$120,500
Annual debt service derived$215,923
Annual PMI assumption$0
Gross scheduled rent (annual) comp$240,000

($120,500 + $215,923 + $0) ÷ $240,000 = 140.2%

Comparables

Widened to city-wide. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family775,119$13,9902026-06-17
single_family795,797$27,0002026-07-29
single_family751,107$15,0002025-10-28
single_family778,000$25,0002026-09-01

8480 SW 98th St

Miami, 33156 · rent comp

Bedrooms / bathrooms7 bd / 7 ba
Square footage5,119
Listed2026-06-17
Days on market

Asking rent: $13,990

View on Zillow →

7745 SW 54th Ave

Miami, 33143 · rent comp

Bedrooms / bathrooms7 bd / 9 ba
Square footage5,797
Listed2026-07-29
Days on market

Asking rent: $27,000

View on Zillow →

12890 NW 2nd St

Miami, 33182 · rent comp

Bedrooms / bathrooms7 bd / 5 ba
Square footage1,107
Listed2025-10-28
Days on market

Asking rent: $15,000

View on Zillow →

11531 SW 93rd St

Miami, 33176 · rent comp

Bedrooms / bathrooms7 bd / 7 ba
Square footage8,000
Listed2026-09-01
Days on market

Asking rent: $25,000

View on Zillow →

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
2675 SW 119th Ctsingle_family431,883$699,9002026-08-31
14061 SW 39th Stsingle_family421,884$795,0002026-08-26
14332 SW 38th Tersingle_family422,643$920,0002026-08-26
2351 SW 145th Avesingle_family332,150$875,0002026-08-25
4332 SW 146th Avesingle_family321,896$745,0002026-08-20
13911 SW 18th Tersingle_family432,332$849,0002026-08-20
3190 SW 133rd Ctsingle_family443,281$1,560,0002026-08-19
4756 SW 143rd Avesingle_family321,536$630,0002026-08-19
13861 SW 42nd Tersingle_family221,152$229,0002026-08-18
1655 SW 145th Avesingle_family432,517$1,020,0002026-08-14
5221 SW 127th Plsingle_family321,911$700,0002026-08-14
12810 SW 18th Stsingle_family431,849$1,050,0002026-08-13
2360 SW 139th Avesingle_family664,146$2,750,0002026-08-13
12731 SW 47th Tersingle_family421,676$873,0002026-08-12
12551 SW 35th Stsingle_family421,992$760,0002026-08-10
3860 SW 121st Avesingle_family322,242$753,0002026-08-07
13676 SW 33rd Tersingle_family543,529$1,375,0002026-08-06
12009 SW 39th Tersingle_family21966$641,0002026-08-05
2275 SW 143rd Ctsingle_family432,261$1,029,0002026-08-05
2821 SW 117th Avesingle_family322,273$750,0002026-07-30
3112 Village Green Drsingle_family543,299$1,280,0002026-07-30
13931 SW 22nd Stsingle_family422,100$975,0002026-07-29
3603 SW 138th Ctsingle_family421,853$750,0002026-07-27
3124 SW 139th Plsingle_family431,990$765,0002026-07-24
3285 SW 132nd Avesingle_family322,878$1,377,0002026-07-22
11750 SW 31st Stsingle_family311,768$699,0002026-07-22
12301 SW 56th Stsingle_family327,696$3,500,0002026-07-21
12370 SW 41st Stsingle_family421,930$605,5002026-07-21
3591 SW 142nd Avesingle_family643,658$935,0002026-07-21
11880 SW 45th Stsingle_family321,755$1,100,0002026-07-20
1615 SW 137th Plsingle_family321,577$660,0002026-07-20
11995 SW 26th Tersingle_family311,857$695,0002026-07-17
12000 SW 39th Tersingle_family321,828$450,0002026-07-14
13210 SW 51st Stsingle_family763,615$1,200,0002026-07-09
13253 SW 28th Stsingle_family321,579$615,0002026-07-09
12842 SW 20th Stsingle_family331,202$789,0002026-07-07
11944 SW 37th Stsingle_family321,248$640,0002026-07-02
3190 SW 133rd Plsingle_family432,410$1,135,0002026-07-02
3245 Village Green Drsingle_family321,702$725,0002026-07-01
3815 SW 125th Avesingle_family321,461$800,0002026-06-29
14251 SW 34th Stsingle_family432,133$855,0002026-06-27
2927 SW 145th Ctsingle_family431,861$715,0002026-06-26
1942 SW 145th Avesingle_family543,194$1,275,0002026-06-26
14300 SW 52nd Stsingle_family321,665$625,0002026-06-26
3381 SW 140th Avesingle_family331,781$790,0002026-06-24
11901 SW 51st Stsingle_family32472$1,500,0002026-06-24
11798 SW 32nd Stsingle_family321,964$864,0002026-06-24
5040915198single_family432,407$1,050,0002026-06-24
13320 SW 21st Stsingle_family422,104$880,0002026-06-24
14005 SW 17th Tersingle_family432,176$970,0002026-06-22

Widened to city-wide. 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
7745 SW 54th Avesingle_family795,797$5,395,000
12701 SW 80th Stsingle_family753,420$1,100,000
12231 SW 1st Stsingle_family764,731$1,550,000
12141 Walsh Blvdsingle_family774,102$2,350,000
7930 SW 52nd Ctsingle_family785,452$5,650,000
7855 SW 83rd Ctsingle_family777,831$5,395,000
4640 Sunset Drsingle_family797,339$11,200,000
multi_family752,040$825,000

10-year hold projection

IRR0.4%
Equity multiple1.06x
Total return (10yr)$508,076
YearProperty valueNOICash flowLoan balanceEquity
1$3,605,000$100,300-$127,623$2,769,642$835,358
2$3,713,150$103,912-$124,311$2,737,199$975,951
3$3,824,545$107,646-$120,884$2,702,528$1,122,016
4$3,939,281$111,509-$117,336$2,665,476$1,273,804
5$4,057,459$115,503-$113,665$2,625,880$1,431,579
6$4,179,183$119,633-$109,866$2,583,565$1,595,618
7$4,304,559$123,904-$105,935$2,538,344$1,766,214
8$4,433,695$128,320-$101,867$2,490,018$1,943,677
9$4,566,706$132,885-$97,658$2,438,373$2,128,333
10$4,703,707$137,606-$93,303$2,383,182$2,320,526
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.