2818 SW 2nd St
Miami, FL 33135 · multi_family · For Sale · 63 days on market
Asking price$899,000
6 beds 4 baths 2,262 sqft
Suggested offer$865,186$33,814 above the est. market value of $865,186.
View on Realtor.com →Listed by Daisy Goetz · Keyes - Miami Beach
Typemulti_family
Built1935
Price / sqft$397
Est. value (own analysis)$865,186
Rent estimate (building total, own analysis)$6,883/mo
HOANone
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Statusfor_sale
Listed date2026-07-01
Removed date—
MLSMiamiMLS #A12046210
Coordinates25.77006, -80.24078
Address2818 SW 2nd St
CityMiami
StateFL
Zip33135
Listing ID6649873703
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 | $899,000 |
| Down payment (20.0%) | $179,800 |
| Loan amount | $719,200 |
| Closing costs (5.0%) | $44,950 |
| Total cash to close | $224,750 |
| Income | |
| Rent (estimate) | $6,883$82,596 |
| Vacancy loss (8.0%) | |
| Effective gross income | $6,332$75,988 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,423$17,081 |
| Insurance (placeholder 0.8% of price) | $599$7,192 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $344$4,130 |
| Total operating expenses | $2,367$28,403 |
| 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) | $344$4,130 |
| 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
IRR7.1%
Equity multiple2.12x
Total return (10yr)$368,276
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $925,970 | $47,585 | -$12,006 | $711,402 | $214,568 |
| 2 | $953,749 | $49,155 | -$10,539 | $703,069 | $250,680 |
| 3 | $982,362 | $50,775 | -$9,025 | $694,164 | $288,198 |
| 4 | $1,011,832 | $52,448 | -$7,461 | $684,647 | $327,186 |
| 5 | $1,042,187 | $54,174 | -$5,846 | $674,476 | $367,711 |
| 6 | $1,073,453 | $55,956 | -$4,178 | $663,607 | $409,846 |
| 7 | $1,105,657 | $57,795 | -$2,455 | $651,992 | $453,665 |
| 8 | $1,138,826 | $59,694 | -$676 | $639,579 | $499,247 |
| 9 | $1,172,991 | $61,654 | $1,161 | $626,314 | $546,677 |
| 10 | $1,208,181 | $63,676 | $3,057 | $612,138 | $596,043 |
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.