2400 Brickell Ave Apt 107D
Miami, FL 33129 · townhomes · For Sale · 23 days on market
Asking price$749,000
2 beds 2 baths 1,338 sqft
Listed by Kenny Raymond PA · BHHS EWM Realty
Typetownhomes
Built1980
Price / sqft$560
Est. value (Zillow, adjusted)$961,116
Rent estimate (own analysis)$2,875/mo
HOA$1,235/mo
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Statusfor_sale
Listed date2026-08-10
Removed date—
MLSMiamiMLS #A12068270
Coordinates25.75194, -80.20236
Address2400 Brickell Ave Apt 107D
CityMiami
StateFL
Zip33129
Listing ID6477941208
Sourceus-real-estate-listings, cached 2026-08-29
ZIP market snapshot (33129)
Typical home value (ZHVI)$689,590
Typical rent (ZORI)$3,599/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 | $749,000 |
| Down payment (20.0%) | $149,800 |
| Loan amount | $599,200 |
| Closing costs (5.0%) | $37,450 |
| Total cash to close | $187,250 |
| Income | |
| Rent (comp-derived) | $2,875$34,494 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,645$31,734 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,186$14,231 |
| Insurance (placeholder 0.8% of price) | $499$5,992 |
| HOA dues | $1,235$14,820 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $144$1,725 |
| Total operating expenses | $3,064$36,768 |
| 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) | $144$1,725 |
| 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
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| townhomes | 2 | 2 | 1,152 | $2,900 | 2026-08-18 | — | |
| townhomes | 2 | 1 | 950 | $2,700 | 2026-08-17 | — | |
| townhomes | 2 | 2 | 1,282 | $3,800 | 2026-08-17 | — | |
| townhomes | 2 | 3 | 1,000 | $2,300 | 2026-08-17 | — | |
| townhomes | 2 | 2 | 875 | $4,000 | 2026-08-17 | — | |
| townhomes | 2 | 2 | 1,282 | $3,500 | 2026-08-15 | — | |
| townhomes | 2 | 3 | 979 | $2,899 | 2026-08-14 | — | |
| townhomes | 2 | 2 | 914 | $2,600 | 2026-08-14 | — | |
| townhomes | 2 | 3 | 1,152 | $2,850 | 2026-08-13 | — | |
| townhomes | 2 | 3 | 1,000 | $2,750 | 2026-08-13 | — | |
| townhomes | 2 | 2 | 1,152 | $2,700 | 2026-08-13 | — | |
| townhomes | 2 | 3 | 1,000 | $2,900 | 2026-08-12 | — | |
| townhomes | 2 | 3 | 1,007 | $3,000 | 2026-08-11 | — | |
| townhomes | 2 | 2 | 1,265 | $2,775 | 2026-08-10 | — |
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.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 1890 Brickell Ave Unit 4 | townhomes | 1 | 2 | 960 | $820,000 | 2026-01-22 |
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 |
|---|---|---|---|---|---|---|
| 175 SE 25th Rd Apt 804 | condos | 2 | 2 | — | $2,150,000 | — |
| 1611 SW 2nd Ave Unit 911 | condos | 2 | 2 | 844 | $1,500,000 | — |
| 175 SE 25th Rd Apt 1203 | condos | 2 | 2 | 1,179 | $2,200,000 | — |
| 2475 Brickell Ave Apt 2206 | condos | 2 | 2 | 1,120 | $650,000 | — |
| 1901 Brickell Ave Apt B1411 | condos | 2 | 2 | 1,362 | $670,000 | — |
| 1581 Brickell Ave Apt 1105 | condos | 2 | 2 | 1,895 | $1,099,000 | — |
| 2333 Brickell Ave Apt 2212 | condos | 2 | 2 | 1,460 | $775,000 | — |
| 2701 SW 3rd Ave Apt 703 | condos | 2 | 2 | 930 | $480,000 | — |
10-year hold projection
IRR-8.8%
Equity multiple-0.50x
Total return (10yr)-$182,727
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $771,470 | -$5,033 | -$52,965 | $592,703 | $178,767 |
| 2 | $794,614 | -$5,000 | -$52,976 | $585,761 | $208,854 |
| 3 | $818,453 | -$4,962 | -$52,981 | $578,341 | $240,111 |
| 4 | $843,006 | -$4,918 | -$52,982 | $570,412 | $272,594 |
| 5 | $868,296 | -$4,867 | -$52,978 | $561,938 | $306,358 |
| 6 | $894,345 | -$4,810 | -$52,969 | $552,883 | $341,462 |
| 7 | $921,176 | -$4,747 | -$52,954 | $543,206 | $377,970 |
| 8 | $948,811 | -$4,676 | -$52,933 | $532,864 | $415,947 |
| 9 | $977,275 | -$4,598 | -$52,906 | $521,812 | $455,463 |
| 10 | $1,006,593 | -$4,512 | -$52,873 | $510,001 | $496,593 |
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.