Miami, FL 33135 · multi_family · For Sale · 98 days on market
Asking price$749,000
5 beds 3 baths 2,288 sqft
Listed by Eric Farmelant · COMPASS
Typemulti_family
Built1939
Price / sqft$327
Est. value (own analysis)$998,232
Rent estimate (building total, own analysis)$6,962/mo
HOANone
1 / 30
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Statusfor_sale
Listed date2026-05-27
Removed date—
MLSMiamiMLS #A12025639
Coordinates25.76903, -80.24287
Address
CityMiami
StateFL
Zip33135
Listing ID6616776440
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 | $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 (estimate) | $6,962$83,545 |
| Vacancy loss (8.0%) | |
| Effective gross income | $6,405$76,862 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,186$14,231 |
| Insurance (placeholder 0.8% of price) | $499$5,992 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $348$4,177 |
| Total operating expenses | $2,033$24,400 |
| 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) | $348$4,177 |
| 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.
No active rental listings cached yet for this bedroom count.
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 |
|---|---|---|---|---|---|---|
| 700 SW 33rd Ave | multi_family | 5 | 2 | 2,648 | $1,355,000 | 2026-08-03 |
| 1293 SW 22nd Ave | multi_family | 5 | 3 | 2,025 | $1,140,000 | 2026-05-19 |
| 2222 SW 2nd St | multi_family | 5 | 3 | 2,769 | $550,000 | 2026-04-27 |
| 635 SW 19th Ave | multi_family | 5 | 5 | 3,419 | $855,000 | 2026-04-01 |
| 1640 SW 4th St | multi_family | 5 | 5 | 2,395 | $4,250,000 | 2025-12-18 |
| 3421 SW 4th St | multi_family | 5 | 3 | 2,390 | $862,500 | 2025-09-29 |
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 |
|---|---|---|---|---|---|---|
| 1200 SW 31st Ave | multi_family | 5 | 3 | 2,079 | $1,125,000 | — |
| 2033 SW 5th St | multi_family | 5 | 3 | 2,148 | $550,000 | — |
| 1636 SW 9th St | single_family | 5 | 5 | 2,638 | $1,899,000 | — |
| 2239 SW 10th St | single_family | 5 | 4 | 1,870 | $999,800 | — |
| 2360 SW 2nd St | single_family | 5 | 3 | 1,669 | $749,900 | — |
| 2134 SW 11th St | multi_family | 5 | 5 | 1,840 | $1,499,999 | — |
| 2431 SW 4th St | single_family | 5 | 6 | 3,678 | $1,300,000 | — |
| 301 SW 36th Ave | single_family | 5 | 3 | 925 | $750,000 | — |
10-year hold projection
IRR12.0%
Equity multiple2.86x
Total return (10yr)$445,685
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $771,470 | $52,461 | $2,077 | $592,703 | $178,767 |
| 2 | $794,614 | $54,157 | $3,668 | $585,761 | $208,854 |
| 3 | $818,453 | $55,907 | $5,311 | $578,341 | $240,111 |
| 4 | $843,006 | $57,712 | $7,006 | $570,412 | $272,594 |
| 5 | $868,296 | $59,575 | $8,757 | $561,938 | $306,358 |
| 6 | $894,345 | $61,497 | $10,563 | $552,883 | $341,462 |
| 7 | $921,176 | $63,480 | $12,428 | $543,206 | $377,970 |
| 8 | $948,811 | $65,526 | $14,353 | $532,864 | $415,947 |
| 9 | $977,275 | $67,637 | $16,340 | $521,812 | $455,463 |
| 10 | $1,006,593 | $69,814 | $18,390 | $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.