3698 William Ave Apt 6
Miami, FL 33133 · condos · For Sale · 111 days on market
Asking price$179,000
1 beds 1 baths 386 sqft
Listed by Katty Chaparro · Urban Development & Investments Llc
Typecondos
Built1949
Price / sqft$464
Est. value (own analysis)$224,305
Rent estimate (own analysis)$1,800/mo
HOA$150/mo
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Statusfor_sale
Listed date2026-05-14
Removed date—
MLSMiamiMLS #A12019032
Coordinates25.72602, -80.25325
Address3698 William Ave Apt 6
CityMiami
StateFL
Zip33133
Listing ID6508696127
Sourceus-real-estate-listings, cached 2026-08-30
ZIP market snapshot (33133)
Typical home value (ZHVI)$1,352,044
Typical rent (ZORI)$3,793/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 | $179,000 |
| Down payment (20.0%) | $35,800 |
| Loan amount | $143,200 |
| Closing costs (5.0%) | $8,950 |
| Total cash to close | $44,750 |
| Income | |
| Rent (comp-derived) | $1,800$21,600 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,656$19,872 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $283$3,401 |
| Insurance (placeholder 0.8% of price) | $119$1,432 |
| HOA dues | $150$1,800 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $90$1,080 |
| Total operating expenses | $643$7,713 |
| 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) | $90$1,080 |
| 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 |
|---|---|---|---|---|---|---|---|
| apartment | 1 | 1 | 500 | $2,100 | 2026-08-17 | — | |
| condos | 1 | 1 | 358 | $1,980 | 2026-08-10 | — | |
| apartment | 1 | 1 | 500 | $1,500 | 2026-07-11 | — | |
| apartment | 1 | 1 | 500 | $1,500 | 2026-08-05 | — | |
| apartment | 1 | 1 | 500 | $1,500 | 2026-08-05 | — | |
| condos | 1 | 1 | 386 | $1,450 | 2026-07-18 | — | |
| apartment | 1 | 1 | 500 | $1,500 | 2026-07-17 | — | |
| apartment | 1 | 1 | 520 | $2,000 | 2026-07-16 | — | |
| condos | 1 | 1 | 507 | $2,200 | 2026-06-12 | — | |
| apartment | 1 | 1 | 512 | $1,800 | 2026-06-03 | — | |
| apartment | 1 | 1 | 419 | $1,500 | 2026-05-10 | — | |
| condos | 1 | 1 | 417 | $2,000 | 2026-07-30 | — | |
| condos | 1 | 1 | 507 | $2,400 | 2026-08-24 | — |
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 |
|---|---|---|---|---|---|---|
| 2665 SW 37th Ave Apt 202 | condos | 1 | 1 | 756 | $315,000 | 2026-08-31 |
| 3250 Grand Ave Apt 506 | condos | 1 | 2 | 999 | $564,000 | 2026-08-21 |
| 3540 Main Hwy Unit 404 | condos | 1 | 3 | 983 | $850,000 | 2026-08-14 |
| 90 Edgewater Dr Ph 23 | condos | 1 | 1 | 880 | $440,000 | 2026-08-11 |
| 2951 S Bayshore Dr | condos | 1 | 1 | 740 | $607,500 | 2026-08-03 |
| 3339 Virginia St Apt 329 | condos | 1 | 2 | 790 | $650,000 | 2026-07-13 |
| 2550 SW 27th Ave Apt 301 | condos | 1 | 2 | 1,120 | $425,000 | 2026-07-10 |
| 3339 Virginia St Apt 316 | condos | 1 | 2 | 790 | $670,000 | 2026-06-23 |
| 2665 SW 37th Ave Apt 201 | condos | 1 | 1 | 711 | $290,000 | 2026-06-22 |
| 3540 Main Hwy Unit 407 | condos | 1 | 2 | 1,092 | $840,000 | 2026-06-01 |
| 60 Edgewater Dr Apt Le | condos | 1 | 3 | 1,117 | $600,000 | 2026-06-01 |
| 2951 S Bayshore Dr Unit 506 | condos | 1 | 1 | 710 | $528,500 | 2026-05-22 |
| 2951 S Bayshore Dr Unit 1012 | condos | 1 | 1 | 680 | $552,000 | 2026-05-12 |
| 2901 S Bayshore Dr Apt 2H | condos | 1 | 2 | 816 | $700,000 | 2026-04-30 |
| 2901 S Bayshore Dr Apt 17D | condos | 1 | 1 | 816 | $662,500 | 2026-04-13 |
| 90 Edgewater Dr Apt 505 | condos | 1 | 1 | 880 | $355,000 | 2026-04-02 |
| 1800 SW 25th St Apt 2102 | condos | 1 | 1 | 611 | $213,000 | 2026-04-01 |
| 2650 SW 37th Ave Apt 604 | condos | 1 | 1 | 814 | $315,000 | 2026-03-27 |
| 90 Edgewater Dr Apt 820 | condos | 1 | 2 | 910 | $490,000 | 2026-03-12 |
| 2665 SW 37th Ave Apt 1213 | condos | 1 | 1 | 750 | $330,000 | 2026-03-12 |
| 2678 Tigertail Ave Apt 515 | condos | 1 | 1 | 658 | $900,000 | 2026-03-06 |
| 3101 SW 27th Ave Apt 204 | condos | 1 | 1 | 630 | $304,000 | 2026-03-02 |
| 2740 SW 28th Ter Apt 201 | condos | 1 | 1 | 613 | $350,000 | 2026-02-23 |
| 90 Edgewater Dr Apt 718 | condos | 1 | 2 | 910 | $435,000 | 2026-02-23 |
| 2734 Bird Ave Apt 106 | condos | 1 | 1 | 491 | $280,000 | 2026-02-20 |
| 3025 Mary St Apt 12 | condos | 1 | 2 | 700 | $371,000 | 2026-02-18 |
| 3245 Virginia St Apt 17 | condos | 1 | 1 | 514 | $340,000 | 2026-02-17 |
| 6519428719 | condos | 1 | 1 | 514 | $375,000 | 2026-02-17 |
| 3245 Virginia St Apt 39 | condos | 1 | 1 | 514 | $312,500 | 2026-02-16 |
| 100 Edgewater Dr Apt 101 | condos | 1 | 1 | 744 | $386,500 | 2026-02-13 |
| 3339 Virginia St Apt 306 | condos | 1 | 2 | 851 | $505,000 | 2026-01-26 |
| 90 Edgewater Dr Apt 805 | condos | 1 | 1 | 880 | $342,000 | 2026-01-15 |
| 2889 McFarlane Rd Unit 1406 | condos | 1 | 2 | 756 | $668,960 | 2026-01-02 |
| 2889 McFarlane Rd Unit 1814 | condos | 1 | 2 | 693 | $663,000 | 2025-12-30 |
| 2655 S Bayshore Dr Apt 1007 | condos | 1 | 1 | 670 | $999,000 | 2025-12-29 |
| 3051 SW 27th Ave Apt 302 | condos | 1 | 1 | 362 | $290,000 | 2025-12-15 |
| 90 Edgewater Dr Apt 1218 | condos | 1 | 2 | 910 | $440,000 | 2025-12-12 |
| 2655 S Bayshore Dr Apt 1407 | condos | 1 | 1 | 764 | $1,150,000 | 2025-12-05 |
| 2690 SW 22nd Ave Apt 507 | condos | 1 | 1 | 702 | $235,000 | 2025-11-21 |
| 90 Edgewater Dr Apt 512 | condos | 1 | 2 | 910 | $349,000 | 2025-10-31 |
| 2889 McFarlane Rd Unit 2105 | condos | 1 | 2 | 767 | $689,500 | 2025-10-24 |
| 2831 S Bayshore Dr Unit 506 | condos | 1 | 1 | 689 | $950,000 | 2025-10-24 |
| 2951 S Bayshore Dr Unit 911 | condos | 1 | 1 | 620 | $500,000 | 2025-10-23 |
| 3615 Thomas Ave Apt 1 | condos | 1 | 1 | 467 | $204,000 | 2025-10-21 |
| 2951 S Bayshore Dr Unit 917 | condos | 1 | 1 | 650 | $380,000 | 2025-10-20 |
| 2600 SW 27th Ave Apt 808 | condos | 1 | 1 | 655 | $315,000 | 2025-09-30 |
| 2850 Coconut Ave Apt 7 | condos | 1 | 1 | 580 | $335,000 | 2025-09-29 |
| 3339 Virginia St Apt 310 | condos | 1 | 2 | — | $507,500 | 2025-09-10 |
| 2889 McFarlane Rd Unit 1510 | condos | 1 | 2 | 761 | $685,000 | 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 |
|---|---|---|---|---|---|---|
| 2678 Tigertail Ave Apt 315 | condos | 1 | 1 | 565 | $910,000 | — |
| 3615 Thomas Ave Apt 13 | condos | 1 | 1 | 458 | $310,000 | — |
| 2889 McFarlane Rd Unit 1610 | condos | 1 | 2 | 761 | $750,000 | — |
| 2889 McFarlane Rd Unit 1112 | condos | 1 | 2 | 679 | $700,000 | — |
| 3240 Mary St Apt S202 | condos | 1 | 1 | 507 | $399,900 | — |
| 3250 Grand Ave Apt 406 | condos | 1 | 2 | 999 | $650,000 | — |
| 2889 McFarlane Rd Unit 1014 | condos | 1 | 2 | 693 | $750,000 | — |
| 2951 S Bayshore Dr Unit 805 | condos | 1 | 1 | 670 | $620,000 | — |
10-year hold projection
IRR11.2%
Equity multiple2.75x
Total return (10yr)$101,748
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $184,370 | $12,159 | $36 | $141,647 | $42,723 |
| 2 | $189,901 | $12,562 | $412 | $139,988 | $49,913 |
| 3 | $195,598 | $12,979 | $801 | $138,215 | $57,383 |
| 4 | $201,466 | $13,409 | $1,203 | $136,320 | $65,146 |
| 5 | $207,510 | $13,852 | $1,617 | $134,295 | $73,215 |
| 6 | $213,735 | $14,311 | $2,046 | $132,131 | $81,604 |
| 7 | $220,147 | $14,783 | $2,488 | $129,818 | $90,329 |
| 8 | $226,752 | $15,272 | $2,945 | $127,347 | $99,405 |
| 9 | $233,554 | $15,776 | $3,417 | $124,706 | $108,849 |
| 10 | $240,561 | $16,296 | $3,904 | $121,883 | $118,678 |
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.