736 W 51st St
Miami Beach, FL 33140 · single_family · For Sale · 196 days on market
Asking price$2,200,000
3 beds 3 baths 2,017 sqft
Suggested offer$2,062,073$137,927 above the est. market value of $2,062,073.
View on Realtor.com →Listed by Pablo Buttice · Gzi Real Estate Sales & Market
Typesingle_family
Built1951
Price / sqft$1091
Est. value (own analysis)$2,062,073
Rent estimate (own analysis)$11,500/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood9/10extreme$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-02-18
Removed date—
MLSMiamiMLS #A11967246
Coordinates25.82697, -80.12984
Address736 W 51st St
CityMiami Beach
StateFL
Zip33140
Listing ID6440938084
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33140)
Typical home value (ZHVI)$684,558
Typical rent (ZORI)$3,694/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 | $2,200,000 |
| Down payment (20.0%) | $440,000 |
| Loan amount | $1,760,000 |
| Closing costs (5.0%) | $110,000 |
| Total cash to close | $550,000 |
| Income | |
| Rent (comp-derived) | $11,500$138,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $10,580$126,960 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $3,483$41,800 |
| Insurance (est. scaled by flood & wind risk) | $3,227$38,720 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $575$6,900 |
| Total operating expenses | $7,285$87,420 |
| 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) | $575$6,900 |
| 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.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| single_family | 3 | 3 | 1,945 | $36,000 | — | — | |
| single_family | 3 | 2 | 1,439 | $4,200 | 2026-07-16 | — | |
| single_family | 3 | 3 | 1,844 | $11,000 | 2026-06-03 | — | |
| single_family | 3 | 4 | 1,832 | $11,600 | 2026-07-17 | — | |
| single_family | 3 | 2 | 1,551 | $12,500 | 2026-08-03 | — | |
| single_family | 3 | 3 | 1,874 | $8,750 | 2026-06-16 | — | |
| single_family | 3 | 2 | 2,498 | $11,500 | 2026-08-13 | — | |
| single_family | 3 | 3 | 1,446 | $10,000 | 2026-06-12 | — | |
| single_family | 3 | 3 | 1,945 | $36,000 | 2026-08-17 | — | |
| single_family | 3 | 2 | 2,220 | $24,965 | 2026-05-08 | — | |
| single_family | 3 | 2 | 1,650 | $4,850 | — | — |
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 |
|---|---|---|---|---|---|---|
| 337 W 28th St | single_family | 3 | 3 | 1,667 | $1,000,000 | 2026-08-14 |
| 5025 Cherokee Ave | single_family | 3 | 2 | 1,876 | $1,200,000 | 2026-07-08 |
| 4320 Royal Palm Ave | single_family | 3 | 4 | 2,305 | $1,750,000 | 2026-06-08 |
| 1220 W 21st St | single_family | 3 | 2 | 1,741 | $2,900,000 | 2026-05-21 |
| 4485 N Jefferson Ave | single_family | 3 | 3 | 3,727 | $2,825,000 | 2026-05-04 |
| 911 W 47th Ct | single_family | 3 | 3 | 2,736 | $1,900,000 | 2026-04-30 |
| 5220 Lagorce Dr | single_family | 3 | 2 | 2,334 | $2,700,000 | 2026-04-27 |
| 4700 N Meridian Ave | single_family | 3 | 4 | 4,185 | $5,250,000 | 2026-04-24 |
| 3325 Alton Rd | single_family | 3 | 2 | 1,682 | $1,350,000 | 2026-04-24 |
| 6165 Pine Tree Dr | single_family | 3 | 4 | 3,421 | $6,900,000 | 2026-04-17 |
| 5251 Lagorce Dr | single_family | 3 | 4 | 2,123 | $2,520,000 | 2026-04-16 |
| 2815 Regatta Ave | single_family | 3 | 3 | 2,403 | $6,500,000 | 2026-04-07 |
| 4484 Royal Palm Ave | single_family | 3 | 3 | 1,877 | $2,300,000 | 2026-04-03 |
| 5127 Alton Rd | single_family | 3 | 2 | 1,979 | $1,250,000 | 2026-03-24 |
| 4601 Royal Palm Ave | single_family | 3 | 2 | 1,966 | $1,700,000 | 2026-03-17 |
| 4440 N Jefferson Ave | single_family | 3 | 4 | 2,769 | $2,300,000 | 2026-03-13 |
| 2815 Prairie Ave | single_family | 3 | 2 | 2,189 | $900,000 | 2026-03-02 |
| 3415 Royal Palm Ave | single_family | 3 | 3 | 1,618 | $1,630,000 | 2026-01-26 |
| 1833 W 24th St | single_family | 3 | 5 | 6,688 | $14,304,300 | 2026-01-22 |
| 5120 Cherokee Ave | single_family | 3 | 2 | 2,008 | $1,790,000 | 2026-01-05 |
| 6166 Pine Tree Dr | single_family | 3 | 3 | 2,114 | $2,400,000 | 2026-01-02 |
| 3220 Chase Ave | single_family | 3 | 4 | 3,135 | $6,000,000 | 2025-12-29 |
| 5371 N Bay Rd | single_family | 3 | 3 | 2,180 | $2,510,000 | 2025-12-26 |
| 4245 Sheridan Ave | single_family | 3 | 3 | 2,506 | $2,562,000 | 2025-12-16 |
| 4520 Alton Rd | single_family | 3 | 2 | 1,764 | $1,500,000 | 2025-12-01 |
| 3435 Royal Palm Ave | single_family | 3 | 2 | 1,622 | $2,154,200 | 2025-11-25 |
| 2443 N Meridian Ave | single_family | 3 | 3 | 2,363 | $3,400,000 | 2025-11-21 |
| 4640 N Bay Rd | single_family | 3 | 3 | 1,980 | $10,400,000 | 2025-11-18 |
| 4322 Alton Rd | single_family | 3 | 2 | 1,932 | $1,260,000 | 2025-11-17 |
| 2354 Alton Rd | single_family | 3 | 3 | 1,482 | $1,650,000 | 2025-10-06 |
| 4515 N Bay Rd | single_family | 3 | 3 | 3,357 | $2,600,000 | 2025-09-05 |
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 |
|---|---|---|---|---|---|---|
| 5900 Collins Ave Apt 408 | condos | 3 | 2 | 1,390 | $818,000 | — |
| 3325 Pine Tree Dr | single_family | 3 | 4 | 3,350 | $5,950,000 | — |
| 5005 Collins Ave Apt 1210 | condos | 3 | 2 | 1,385 | $675,000 | — |
| 5660 Collins Ave Apt 4B | condos | 3 | 3 | 2,210 | $985,000 | — |
| condos | 3 | 3 | 1,880 | $714,400 | — | |
| 5500 Collins Ave Apt 304 | condos | 3 | 4 | 2,868 | $1,050,000 | — |
| 5025 Collins Ave Apt 903 | condos | 3 | 3 | 1,660 | $1,499,000 | — |
| 5757 Collins Ave Apt 405 | condos | 3 | 3 | 1,980 | $1,495,000 | — |
10-year hold projection
IRR-2.5%
Equity multiple0.59x
Total return (10yr)$60,139
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $2,266,000 | $39,540 | -$103,083 | $1,740,918 | $525,082 |
| 2 | $2,333,980 | $41,163 | -$101,632 | $1,720,525 | $613,455 |
| 3 | $2,403,999 | $42,846 | -$100,126 | $1,698,732 | $705,267 |
| 4 | $2,476,119 | $44,591 | -$98,562 | $1,675,442 | $800,677 |
| 5 | $2,550,403 | $46,399 | -$96,940 | $1,650,554 | $899,849 |
| 6 | $2,626,915 | $48,274 | -$95,256 | $1,623,955 | $1,002,960 |
| 7 | $2,705,723 | $50,216 | -$93,508 | $1,595,531 | $1,110,192 |
| 8 | $2,786,894 | $52,230 | -$91,695 | $1,565,154 | $1,221,740 |
| 9 | $2,870,501 | $54,316 | -$89,813 | $1,532,692 | $1,337,809 |
| 10 | $2,956,616 | $56,478 | -$87,862 | $1,498,000 | $1,458,616 |
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.