1114 SW 13th Ct
Miami, FL 33135 · multi_family · For Sale · 511 days on market
Asking price$1,130,000
6 beds 5 baths 1,928 sqft
Suggested offer$737,435$392,565 above the est. market value of $737,435.
View on Realtor.com →Listed by Alexei Basanta Perez · Keller Williams Realty Premier
Typemulti_family
Built1916
Price / sqft$586
Est. value (own analysis)$737,435
Rent estimate (building total, own analysis)$5,867/mo
HOANone
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Statusfor_sale
Listed date2025-04-09
Removed date—
MLSMiamiMLS #A11780950
Coordinates25.76277, -80.21771
Address1114 SW 13th Ct
CityMiami
StateFL
Zip33135
Listing ID6627165414
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 | $1,130,000 |
| Down payment (20.0%) | $226,000 |
| Loan amount | $904,000 |
| Closing costs (5.0%) | $56,500 |
| Total cash to close | $282,500 |
| Income | |
| Rent (estimate) | $5,867$70,400 |
| Vacancy loss (8.0%) | |
| Effective gross income | $5,397$64,768 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,789$21,470 |
| Insurance (placeholder 0.8% of price) | $753$9,040 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $293$3,520 |
| Total operating expenses | $2,836$34,030 |
| 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) | $293$3,520 |
| 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 |
|---|---|---|---|---|---|---|
| 1233 SW 13th Ave | multi_family | 6 | 6 | 5,136 | $1,555,000 | 2026-07-22 |
| 120 SW 20th Ave | multi_family | 6 | 6 | 2,304 | $881,250 | 2026-06-26 |
| 200 SW 20th Ave | multi_family | 6 | 4 | 1,990 | $666,000 | 2026-05-19 |
| 1632 SW 7th St | multi_family | 6 | 5 | 2,793 | $5,550,000 | 2026-01-23 |
| 1145 SW 20th Ave | multi_family | 6 | 1 | 2,336 | $1,360,100 | 2025-10-20 |
| 1805 SW 4th St | multi_family | 6 | 3 | 1,743 | $760,000 | 2025-10-14 |
| 1416 SW 6th St | multi_family | 6 | 4 | 3,321 | $800,000 | 2025-09-26 |
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 |
|---|---|---|---|---|---|---|
| 244 SW 36th Ave | multi_family | 6 | 3 | 1,847 | $639,000 | — |
| 2247 SW 9th St | multi_family | 6 | 4 | 2,100 | $1,379,000 | — |
| 1801 SW 10th St | single_family | 6 | 3 | 3,994 | $1,475,000 | — |
| 1644 SW 9th St | single_family | 6 | 4 | 2,078 | $1,395,000 | — |
| 620 SW 13th Ave | multi_family | 6 | 4 | 1,980 | $1,500,000 | — |
| 244 SW 14th Ave | multi_family | 6 | 3 | 1,938 | $1,150,000 | — |
| 2204 SW 11th Ter | single_family | 6 | 5 | 3,668 | $1,550,000 | — |
| 3438 SW 2nd St | multi_family | 6 | 4 | 3,095 | $1,100,000 | — |
10-year hold projection
IRR0.0%
Equity multiple1.00x
Total return (10yr)$147,883
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,163,900 | $30,738 | -$42,494 | $894,199 | $269,701 |
| 2 | $1,198,817 | $31,830 | -$41,490 | $883,724 | $315,093 |
| 3 | $1,234,782 | $32,960 | -$40,451 | $872,530 | $362,251 |
| 4 | $1,271,825 | $34,127 | -$39,376 | $860,568 | $411,257 |
| 5 | $1,309,980 | $35,334 | -$38,263 | $847,784 | $462,196 |
| 6 | $1,349,279 | $36,582 | -$37,113 | $834,122 | $515,157 |
| 7 | $1,389,757 | $37,872 | -$35,922 | $819,522 | $570,235 |
| 8 | $1,431,450 | $39,206 | -$34,691 | $803,920 | $627,531 |
| 9 | $1,474,394 | $40,584 | -$33,417 | $787,246 | $687,148 |
| 10 | $1,518,626 | $42,009 | -$32,099 | $769,426 | $749,199 |
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.