3315 NW 11th Ave
Miami, FL 33127 · single_family · For Sale · 90 days on market
Asking price$600,000
5 beds 3 baths 2,350 sqft
Listed by Renzo Ordinola · Marzucco Real Estate
Typesingle_family
Built1947
Price / sqft$255
Est. value (own analysis)$1,817,615
Rent estimate (own analysis)$6,999/mo
HOANone
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Statusfor_sale
Listed date2026-06-04
Removed date—
MLSMiamiMLS #A12028987
Coordinates25.80747, -80.21281
Address3315 NW 11th Ave
CityMiami
StateFL
Zip33127
Listing ID6459272897
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33127)
Typical home value (ZHVI)$528,160
Typical rent (ZORI)$2,975/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 | $600,000 |
| Down payment (20.0%) | $120,000 |
| Loan amount | $480,000 |
| Closing costs (5.0%) | $30,000 |
| Total cash to close | $150,000 |
| Income | |
| Rent (comp-derived) | $6,999$83,988 |
| Vacancy loss (8.0%) | |
| Effective gross income | $6,439$77,269 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $950$11,400 |
| Insurance (placeholder 0.8% of price) | $400$4,800 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $350$4,199 |
| Total operating expenses | $1,700$20,399 |
| 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) | $350$4,199 |
| 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 | 5 | 3 | 1,986 | $12,900 | 2026-08-20 | — | |
| single_family | 5 | 4 | 1,986 | $6,500 | 2026-07-08 | — | |
| single_family | 5 | 2 | 1,747 | $3,600 | 2026-06-24 | — | |
| single_family | 5 | 3 | 2,091 | $6,999 | 2026-05-11 | — | |
| single_family | 5 | 3 | 1,940 | $18,000 | 2026-08-25 | — |
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 |
|---|---|---|---|---|---|---|
| 37 NW 47th Ter | single_family | 5 | 3 | 2,346 | $920,000 | 2026-05-15 |
| 4235 NW 1st Ave | single_family | 5 | 6 | 4,008 | $3,100,000 | 2026-05-07 |
| 660 NW 43rd St | single_family | 5 | 3 | 1,385 | $275,000 | 2026-03-06 |
| 121 NW 41st St | single_family | 5 | 2 | 2,266 | $2,000,000 | 2026-01-29 |
| 520 NW 41st St | single_family | 5 | 3 | 2,017 | $1,650,000 | 2026-01-29 |
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 |
|---|---|---|---|---|---|---|
| 760-762 NW 52nd St | multi_family | 5 | 2 | 1,513 | $685,000 | — |
| 4131 NW 11th Pl | single_family | 5 | 4 | 1,432 | $720,000 | — |
| 1143 NW 27th St | single_family | 5 | 4 | 2,128 | $650,000 | — |
| 111 NW 53rd St | single_family | 5 | 3 | 1,578 | $1,169,000 | — |
| 121 NW 53rd St | single_family | 5 | 3 | 1,779 | $1,169,000 | — |
| 280 NW 47th St | single_family | 5 | 6 | 3,567 | $3,249,000 | — |
| 260 NW 47th St | single_family | 5 | 7 | 3,476 | $3,350,000 | — |
| 536 NW 48th St | single_family | 5 | 4 | 3,056 | $2,299,000 | — |
10-year hold projection
IRR19.5%
Equity multiple3.93x
Total return (10yr)$517,864
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $618,000 | $56,870 | $15,655 | $474,796 | $143,204 |
| 2 | $636,540 | $58,678 | $17,358 | $469,234 | $167,306 |
| 3 | $655,636 | $60,543 | $19,115 | $463,290 | $192,346 |
| 4 | $675,305 | $62,466 | $20,928 | $456,939 | $218,367 |
| 5 | $695,564 | $64,450 | $22,799 | $450,151 | $245,414 |
| 6 | $716,431 | $66,496 | $24,729 | $442,897 | $273,535 |
| 7 | $737,924 | $68,606 | $26,721 | $435,145 | $302,780 |
| 8 | $760,062 | $70,783 | $28,776 | $426,860 | $333,202 |
| 9 | $782,864 | $73,027 | $30,895 | $418,007 | $364,857 |
| 10 | $806,350 | $75,342 | $33,083 | $408,545 | $397,805 |
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.