2347 SW 2nd St
Miami, FL 33135 · single_family · Pending — under contract · 21 days on market
Asking price$560,000
2 beds 1 baths 1,357 sqft
Listed by Gabriela Burke · Empire State Realty LLC
Typesingle_family
Built1937
Price / sqft$413
Est. value (own analysis)$586,866
Rent estimate (own analysis)$2,650/mo
HOANone
1 / 27
Show every detail
Statusfor_sale
Listed date2026-08-12
Removed date—
MLSMiamiMLS #A12067717
Coordinates25.77097, -80.23385
Address2347 SW 2nd St
CityMiami
StateFL
Zip33135
Listing ID6525884806
Sourceus-real-estate-listings, cached 2026-08-30
ZIP market snapshot (33135)
Typical home value (ZHVI)$531,790
Typical rent (ZORI)$2,051/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 | $560,000 |
| Down payment (20.0%) | $112,000 |
| Loan amount | $448,000 |
| Closing costs (5.0%) | $28,000 |
| Total cash to close | $140,000 |
| Income | |
| Rent (comp-derived) | $2,650$31,800 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,438$29,256 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $887$10,640 |
| Insurance (placeholder 0.8% of price) | $373$4,480 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $133$1,590 |
| Total operating expenses | $1,393$16,710 |
| 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) | $133$1,590 |
| 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 | 2 | 2 | 1,136 | $5,800 | 2026-05-19 | — | |
| single_family | 2 | 1 | 960 | $2,650 | 2025-07-13 | — | |
| single_family | 2 | 1 | 1,514 | $2,500 | 2026-02-02 | — | |
| single_family | 2 | 1 | 1,137 | $2,500 | — | — | |
| single_family | 2 | 2 | 1,524 | $3,000 | 2026-08-29 | — |
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 |
|---|---|---|---|---|---|---|
| 3087 SW 5th St | single_family | 2 | 1 | 996 | $525,000 | 2026-07-28 |
| 2217 SW 11th St | single_family | 2 | 1 | 1,645 | $500,000 | 2026-07-24 |
| 3680 SW 9th Ter | single_family | 2 | 1 | 1,329 | $585,000 | 2026-06-30 |
| 1045 SW 20th Ave | single_family | 2 | 1 | 1,871 | $630,000 | 2026-06-11 |
| 3075 SW 4th St | single_family | 2 | 1 | 1,017 | $310,000 | 2026-05-28 |
| 1800 SW 3rd St Apt D | single_family | 2 | 1 | 802 | $375,000 | 2026-05-22 |
| 3194 SW 6th St | single_family | 2 | 2 | 1,481 | $573,000 | 2026-05-21 |
| 1769 SW 9th St | single_family | 2 | 1 | 1,762 | $655,000 | 2026-04-27 |
| 248 SW 18th Ct | single_family | 2 | 1 | 1,318 | $570,000 | 2026-03-27 |
| 3026 SW 4th St | single_family | 2 | 1 | 1,218 | $565,000 | 2026-03-13 |
| 1922 SW 3rd St | single_family | 2 | 1 | 1,124 | $480,000 | 2026-02-23 |
| 2271 SW 11th St | single_family | 2 | 1 | 1,103 | $625,000 | 2026-02-02 |
| 125 SW 32nd Court Rd | single_family | 2 | 1 | 1,100 | $540,000 | 2026-01-28 |
| 2327 SW 1st St | single_family | 2 | 2 | 1,260 | $460,000 | 2025-12-22 |
| 2918 SW 3rd St | single_family | 2 | 1 | 1,208 | $835,000 | 2025-12-01 |
| 3274 SW 4th St | single_family | 2 | 1 | 1,124 | $300,000 | 2025-11-19 |
| 310 SW 31st Ct | single_family | 2 | 1 | 1,106 | $616,000 | 2025-11-19 |
| 1274 SW 3rd St | single_family | 2 | 1 | 1,373 | $300,000 | 2025-11-04 |
| 1325 SW 11th St | single_family | 2 | 2 | 2,276 | $850,000 | 2025-10-27 |
| 1724 SW 10th St | single_family | 2 | 1 | 2,340 | $1,033,900 | 2025-10-14 |
| 1800 SW 3rd St Apt A | single_family | 2 | 1 | 620 | $370,000 | 2025-09-10 |
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 |
|---|---|---|---|---|---|---|
| 1212 SW 30th Pl | multi_family | 2 | 2 | 1,424 | $849,000 | — |
| 2921 SW 10th St Apt 33 | condos | 2 | 1 | 760 | $259,000 | — |
| 1220 SW 5th St Apt 2 | condos | 2 | 1 | 669 | $250,000 | — |
| 142 SW 18th Ave Apt 19 | condos | 2 | 1 | 769 | $195,000 | — |
| multi_family | 2 | 2 | 1,026 | $535,000 | — | |
| 145 SW 30th Ct Unit B208 | condos | 2 | 1 | 775 | $273,500 | — |
| 2138 SW 6th St Apt 301 | condos | 2 | 2 | 770 | $320,000 | — |
| 2620 SW 9th St | single_family | 2 | 2 | 890 | $1,000,000 | — |
10-year hold projection
IRR-1.3%
Equity multiple0.79x
Total return (10yr)$44,174
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $576,800 | $12,546 | -$23,592 | $443,143 | $133,657 |
| 2 | $594,104 | $13,006 | -$23,171 | $437,952 | $156,152 |
| 3 | $611,927 | $13,482 | -$22,736 | $432,404 | $179,523 |
| 4 | $630,285 | $13,974 | -$22,286 | $426,476 | $203,809 |
| 5 | $649,193 | $14,483 | -$21,820 | $420,141 | $229,053 |
| 6 | $668,669 | $15,010 | -$21,337 | $413,370 | $255,299 |
| 7 | $688,729 | $15,555 | -$20,837 | $406,135 | $282,595 |
| 8 | $709,391 | $16,118 | -$20,319 | $398,403 | $310,989 |
| 9 | $730,673 | $16,701 | -$19,784 | $390,139 | $340,534 |
| 10 | $752,593 | $17,304 | -$19,229 | $381,309 | $371,285 |
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.