2054 SW 5th St
Miami, FL 33135 · multi_family · For Sale · 44 days on market
Asking price$895,000
8 beds 5 baths 3,048 sqft
Listed by Ivan Schertzer · Ivan A. Schertzer, Broker
Typemulti_family
Built1941
Price / sqft$294
Est. value (own analysis)$1,199,632
Rent estimate (building total, own analysis)$9,275/mo
HOANone
1 / 2
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Statusfor_sale
Listed date2026-07-20
Removed date—
MLSMiamiMLS #A12056516
Coordinates25.76787, -80.22890
Address2054 SW 5th St
CityMiami
StateFL
Zip33135
Listing ID6648979257
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 | $895,000 |
| Down payment (20.0%) | $179,000 |
| Loan amount | $716,000 |
| Closing costs (5.0%) | $44,750 |
| Total cash to close | $223,750 |
| Income | |
| Rent (estimate) | $9,275$111,296 |
| Vacancy loss (8.0%) | |
| Effective gross income | $8,533$102,393 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,417$17,005 |
| Insurance (placeholder 0.8% of price) | $597$7,160 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $464$5,565 |
| Total operating expenses | $2,477$29,730 |
| 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) | $464$5,565 |
| 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 |
|---|---|---|---|---|---|---|
| 1487 SW 4th St | multi_family | 8 | 8 | 4,480 | $2,000,000 | 2026-07-21 |
| 2101 SW 6th St | multi_family | 8 | 4 | 3,250 | $975,000 | 2026-05-13 |
| 1721 SW 11th Ter | multi_family | 8 | 4 | 4,461 | $1,520,000 | 2026-04-02 |
| 1642 SW 7th St | multi_family | 8 | 8 | 3,180 | $5,550,000 | 2026-01-23 |
| 415 SW 32nd Ave | multi_family | 8 | 8 | 5,682 | $2,682,400 | 2025-12-01 |
| 417 SW 32nd Ave Apt 4 | multi_family | 8 | 8 | 5,682 | $2,682,400 | 2025-12-01 |
| 2737 SW 2nd St | multi_family | 8 | 8 | 5,188 | $1,600,000 | 2025-12-01 |
| 1475 SW 7th St | multi_family | 8 | 4 | 3,638 | $1,150,000 | 2025-11-26 |
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 |
|---|---|---|---|---|---|---|
| 3431-3433 SW 4th St | multi_family | 8 | 6 | 3,429 | $1,249,000 | — |
| 1345 SW 7th St | multi_family | 8 | 4 | 3,592 | $1,995,000 | — |
| 450 Beacom Blvd | multi_family | 8 | 6 | 2,475 | $1,649,000 | — |
10-year hold projection
IRR15.3%
Equity multiple3.34x
Total return (10yr)$640,644
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $921,850 | $72,663 | $11,883 | $708,237 | $213,613 |
| 2 | $949,506 | $74,991 | $14,073 | $699,941 | $249,565 |
| 3 | $977,991 | $77,393 | $16,332 | $691,075 | $286,916 |
| 4 | $1,007,330 | $79,871 | $18,664 | $681,600 | $325,730 |
| 5 | $1,037,550 | $82,428 | $21,071 | $671,475 | $366,075 |
| 6 | $1,068,677 | $85,065 | $23,554 | $660,654 | $408,022 |
| 7 | $1,100,737 | $87,785 | $26,117 | $649,091 | $451,646 |
| 8 | $1,133,759 | $90,591 | $28,761 | $636,733 | $497,026 |
| 9 | $1,167,772 | $93,485 | $31,490 | $623,527 | $544,245 |
| 10 | $1,202,805 | $96,471 | $34,306 | $609,413 | $593,392 |
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.