2340 NW 15th Ave
Miami, FL 33142 · multi_family · For Sale · 13 days on market
Asking price$620,000
2 beds 2 baths 2,139 sqft
Listed by Miguel Fuentes · Fausto Commercial Realty Consultants Inc
Typemulti_family
Built1957
Price / sqft$290
Est. value (own analysis)$1,025,706
Rent estimate (building total, own analysis)$5,369/mo
HOANone
1 / 5
Show every detail
Statusfor_sale
Listed date2026-08-21
Removed date—
MLSMiamiMLS #A12075195
Coordinates25.79913, -80.22159
Address2340 NW 15th Ave
CityMiami
StateFL
Zip33142
Listing ID6437621384
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33142)
Typical home value (ZHVI)$430,103
Typical rent (ZORI)$2,350/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 | $620,000 |
| Down payment (20.0%) | $124,000 |
| Loan amount | $496,000 |
| Closing costs (5.0%) | $31,000 |
| Total cash to close | $155,000 |
| Income | |
| Rent (estimate) | $5,369$64,427 |
| Vacancy loss (8.0%) | |
| Effective gross income | $4,939$59,273 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $982$11,780 |
| Insurance (placeholder 0.8% of price) | $413$4,960 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $268$3,221 |
| Total operating expenses | $1,663$19,961 |
| 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) | $268$3,221 |
| 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.
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 |
|---|---|---|---|---|---|---|
| 1786 NW 53rd St | multi_family | 2 | 2 | 936 | $450,000 | 2026-07-31 |
| 3710 NW 23rd Ct | multi_family | 2 | 2 | 1,148 | $355,000 | 2026-07-01 |
| 1331 NW 58th Ter | multi_family | 2 | 2 | 840 | $530,000 | 2026-04-02 |
| 1240 NW 38th St | multi_family | 2 | 2 | 928 | $445,000 | 2026-03-20 |
| 1515 NW 49th St | multi_family | 2 | 2 | 1,290 | $500,000 | 2025-11-18 |
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 |
|---|---|---|---|---|---|---|
| 3102 NW 31st St | single_family | 2 | 1 | 1,140 | $475,000 | — |
| 1855 NW 32nd St | single_family | 2 | 1 | 1,716 | $570,000 | — |
| 3156 NW 55th St | single_family | 2 | 1 | 464 | $339,900 | — |
| 2001 NW 51st St | single_family | 2 | 1 | 1,104 | $430,000 | — |
| 1400 NW 55th St | multi_family | 2 | 2 | 1,120 | $599,900 | — |
| 1530 NW 55th St | single_family | 2 | 1 | 792 | $429,000 | — |
| 1280 NW 51st St | single_family | 2 | 1 | 1,200 | $375,000 | — |
| 2911 NW 30th St | single_family | 2 | 1 | 728 | $400,000 | — |
10-year hold projection
IRR10.0%
Equity multiple2.57x
Total return (10yr)$324,342
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $638,600 | $39,311 | -$2,159 | $490,622 | $147,978 |
| 2 | $657,758 | $40,590 | -$961 | $484,875 | $172,883 |
| 3 | $677,491 | $41,910 | $277 | $478,734 | $198,757 |
| 4 | $697,815 | $43,273 | $1,554 | $472,170 | $225,645 |
| 5 | $718,750 | $44,678 | $2,873 | $465,156 | $253,594 |
| 6 | $740,312 | $46,129 | $4,235 | $457,660 | $282,652 |
| 7 | $762,522 | $47,626 | $5,641 | $449,649 | $312,872 |
| 8 | $785,397 | $49,170 | $7,092 | $441,089 | $344,309 |
| 9 | $808,959 | $50,764 | $8,590 | $431,940 | $377,019 |
| 10 | $833,228 | $52,408 | $10,136 | $422,163 | $411,065 |
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.