2737 NW 13th Ave

Miami, FL 33142 · single_family · For Sale · 70 days on market
Asking price$499,000
7 beds 3 baths 1,253 sqft
Suggested offer$454,012$44,988 above the est. market value of $454,012.
View on Realtor.com →
Listed by Poliana Coelho · Miami Realty Solution Group
Typesingle_family
Built1928
Price / sqft$398
Est. value (own analysis)$454,012
Rent estimate (own analysis)$31,500/mo
HOANone
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Neighborhood

⚠ Cap rate of 63.2% is above the 20% sanity ceiling — verify the underlying price, rent, and expense data before trusting this. Cash-on-cash return of 213.0% is above the 50% sanity ceiling for a standard buy-and-hold — verify inputs before trusting this.
Show every detail
Statusfor_sale
Listed date2026-06-24
Removed date
MLSMiamiMLS #A12042376
Coordinates25.80219, -80.21715
Address2737 NW 13th Ave
CityMiami
StateFL
Zip33142
Listing ID6454577388
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)

Purchase price$499,000
Down payment (20.0%)$99,800
Loan amount$399,200
Closing costs (5.0%)$24,950
Total cash to close$124,750
Rent (comp-derived)$31,500$378,000
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$378,000
Vacancy rate (assumption) assumption8.0%

$378,000 × 8.0% = $30,240

Effective gross income$28,980$347,760
Property tax (placeholder 1.9% of price)$790$9,481
Insurance (placeholder 0.8% of price)$333$3,992
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$1,575$18,900
Total operating expenses$2,698$32,373
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$347,760
Total operating expenses derived$32,373

$347,760 − $32,373 = $315,387

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$399,200
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$399,200 amortized at 6.7% over 30 years = $2,565/mo

CapEx reserve (5.0% of GSR)$1,575$18,900
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$315,387
Annual debt service derived$30,784
Annual CapEx reserve assumption$18,900
Annual PMI assumption$0

($315,387 − $30,784 − $18,900 − $0) ÷ 12 = $22,142

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$315,387
Purchase price data$499,000

$315,387 ÷ $499,000 = 63.2%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived$265,703
Total cash to close derived$124,750

$265,703 ÷ $124,750 = 213.0%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$315,387
Annual debt service derived$30,784

$315,387 ÷ $30,784 = 10.25

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$378,000
Purchase price data$499,000

($378,000 ÷ 12) ÷ $499,000 = 6.3%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$499,000
Gross scheduled rent (annual) comp$378,000

$499,000 ÷ $378,000 = 1.3

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$32,373
Effective gross income derived$347,760

$32,373 ÷ $347,760 = 9.3%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$32,373
Annual debt service derived$30,784
Annual PMI assumption$0
Gross scheduled rent (annual) comp$378,000

($32,373 + $30,784 + $0) ÷ $378,000 = 16.7%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family752,670$8,0002026-07-14
single_family732,986$8,0002026-08-25
single_family795,797$27,0002026-07-29
single_family784,931$70,0002026-03-16
single_family79$60,0002025-07-22
single_family773,973$31,500
single_family773,973$31,500

3154 SW 5th St

Miami, 33135 · rent comp

Bedrooms / bathrooms7 bd / 5 ba
Square footage2,670
Listed2026-07-14
Days on market

Asking rent: $8,000

View on Zillow →

1701 NW 19th Ave Unit 1701

Miami, 33125 · rent comp

Bedrooms / bathrooms7 bd / 3 ba
Square footage2,986
Listed2026-08-25
Days on market

Asking rent: $8,000

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 →

1200 NE 87th St

Miami, 33138 · rent comp

Bedrooms / bathrooms7 bd / 8 ba
Square footage4,931
Listed2026-03-16
Days on market

Asking rent: $70,000

View on Zillow →

1248 NE 89th St

Miami, 33138 · rent comp

Bedrooms / bathrooms7 bd / 9 ba
Square footage
Listed2025-07-22
Days on market

Asking rent: $60,000

View on Zillow →

1606 S Bayshore Dr

Miami, 33133 · rent comp

Bedrooms / bathrooms7 bd / 7 ba
Square footage3,973
Listed
Days on market

Asking rent: $31,500

View on Zillow →

1606 S Bayshore Dr # 0

Miami, 33133 · rent comp

Bedrooms / bathrooms7 bd / 7 ba
Square footage3,973
Listed
Days on market

Asking rent: $31,500

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
1810 NW 55th Stsingle_family21994$250,0002026-08-21
4990 NW 31st Avesingle_family442,777$680,0002026-08-19
2778 NW 44th Stsingle_family431,219$525,0002026-08-12
5267589405single_family321,256$415,0002026-08-11
2045 NW 34th Stsingle_family321,469$510,0002026-08-07
1500 NW 44th Stsingle_family311,319$395,0002026-08-07
1745 NW 49th Stsingle_family21908$365,0002026-08-06
1485 NW 57th Stsingle_family21844$419,0002026-07-31
1892 NW 42nd Stsingle_family321,295$410,0002026-07-31
1844 NW 50th Stsingle_family21900$280,0002026-07-28
5224 NW 24th Ctsingle_family21624$220,0002026-07-24
3039 NW 43rd Tersingle_family421,675$480,0002026-07-24
5940 NW 21st Avesingle_family411,487$415,0002026-07-23
3195 NW 49th Stsingle_family321,080$475,0002026-07-22
2326 NW 59th Stsingle_family421,016$485,0002026-07-22
1521 NW 51st Stsingle_family321,053$480,0002026-07-22
4048 NW 22nd Ctsingle_family311,449$400,0002026-07-22
2153 NW 24th Stsingle_family312,618$400,0002026-07-21
2933 NW 48th Tersingle_family32810$435,0002026-07-20
2956 NW 44th Stsingle_family431,219$522,5002026-07-20
2331 NW 55th Tersingle_family32667$420,0002026-07-17
2410 NW 43rd Stsingle_family321,170$475,0002026-07-17
1846 NW 49th Stsingle_family21860$480,0002026-07-17
2944 NW 44th Stsingle_family211,181$370,0002026-07-17
2142 NW 33rd Stsingle_family522,010$475,0002026-07-16
1431 NW 30th Stsingle_family211,026$405,0002026-07-16
1926 NW 60th Stsingle_family421,427$510,0002026-07-16
5308 NW 29th Avesingle_family421,136$520,0002026-07-16
5995 NW 24th Avesingle_family321,798$515,0002026-07-16
3231 NW 48th Tersingle_family311,208$493,0002026-07-14
2951 NW 57th Stsingle_family321,450$535,0002026-07-13
2915 NW 60th Stsingle_family21672$364,9002026-07-13
5171 NW 19th Avesingle_family21796$514,0002026-07-13
4711 NW 16th Avesingle_family31888$340,0002026-07-10
2156 NW 32nd Stsingle_family211,020$275,0002026-07-09
2119 NW 59th Stsingle_family521,976$342,0002026-07-06
1733 NW 40th Stsingle_family321,711$414,0002026-07-06
2765 NW 60th Stsingle_family1154,404$433,5002026-07-02
2450 NW 32nd Stsingle_family321,476$495,0002026-06-30
2255 NW 60th Stsingle_family321,104$490,0002026-06-24
3298 NW 49th Stsingle_family421,410$493,0002026-06-22
1385 NW 28th Stsingle_family541,666$700,0002026-06-18
3249 NW 51st Stsingle_family311,468$523,0002026-06-18
2129 NW 59th Stsingle_family32988$400,0002026-06-16
1925 NW 49th Stsingle_family321,425$554,8002026-06-16
3280 NW 51st Tersingle_family321,748$642,0002026-06-11
1451 NW 43rd Stsingle_family321,592$399,9002026-06-09
1328 NW 31st Stsingle_family311,143$380,0002026-06-09
1621 NW 55th Stsingle_family21962$425,0002026-06-09
1470 NW 51st Tersingle_family421,409$550,0002026-06-09

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.

AddressTypeBedsBathsSqftAsking priceDays on market
multi_family743,931$775,000
2283 NW 35th Stmulti_family742,700$765,000
2215 NW 33rd Stmulti_family732,399$835,000
3034 NW 33rd Stmulti_family752,830$680,000
2610 NW 23rd Avemulti_family765,327$1,250,000

10-year hold projection

IRR216.4%
Equity multiple27.21x
Total return (10yr)$3,335,445
YearProperty valueNOICash flowLoan balanceEquity
1$513,970$315,387$265,703$394,872$119,098
2$529,389$325,010$274,854$390,246$139,143
3$545,271$334,927$284,285$385,303$159,968
4$561,629$345,145$294,007$380,021$181,608
5$578,478$355,673$304,027$374,375$204,103
6$595,832$366,522$314,354$368,342$227,490
7$613,707$377,701$324,998$361,895$251,812
8$632,118$389,220$335,969$355,005$277,113
9$651,082$401,089$347,276$347,642$303,440
10$670,614$413,318$358,931$339,773$330,841
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.