4245 NW 24th Ave
Miami, FL 33142 · multi_family · For Sale · 120 days on market
Asking price$609,000
5 beds 2 baths 1,701 sqft
Suggested offer$548,368$60,632 above the est. market value of $548,368.
View on Realtor.com →Listed by Federico Nimhauser · Hauser Realty
Typemulti_family
Built1954
Price / sqft$358
Est. value (own analysis)$548,368
Rent estimate (building total, own analysis)$4,270/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeAir2/10MinorFlood1/10minimal$Wildfire1/10Minimal
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Statusfor_sale
Listed date2026-05-05
Removed date—
MLSMiamiMLS #A12013382
Coordinates25.81452, -80.23606
Address4245 NW 24th Ave
CityMiami
StateFL
Zip33142
Listing ID6650955513
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33142)
Typical home value (ZHVI)$430,103
Typical rent (ZORI)$2,350/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 | $609,000 |
| Down payment (20.0%) | $121,800 |
| Loan amount | $487,200 |
| Closing costs (5.0%) | $30,450 |
| Total cash to close | $152,250 |
| Income | |
| Rent (estimate) | $4,270$51,234 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,928$47,135 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $964$11,571 |
| Insurance (est. scaled by flood & wind risk) | $609$7,308 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $213$2,562 |
| Total operating expenses | $1,787$21,441 |
| 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) | $213$2,562 |
| 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 |
|---|---|---|---|---|---|---|
| 3001 NW 22nd Ct | multi_family | 5 | 3 | 1,855 | $630,000 | 2026-04-10 |
| 2967 NW 30th St | multi_family | 5 | 3 | 2,916 | $520,000 | 2026-04-07 |
| 9596861224 | multi_family | 5 | 3 | 1,855 | $630,000 | 2026-03-27 |
| 3011 NW 14th Ave | multi_family | 5 | 3 | 1,866 | $620,000 | 2026-03-12 |
| 2121 NW 27th St | multi_family | 5 | 3 | 2,248 | $350,000 | 2025-12-16 |
| 2501 NW 24th Ct | multi_family | 5 | 1 | 2,000 | $625,000 | 2025-12-01 |
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 |
|---|---|---|---|---|---|---|
| 1345 NW 25th St | multi_family | 5 | 3 | 2,505 | $565,000 | — |
| 4769 NW 17th Ave | multi_family | 5 | 4 | 2,242 | $625,000 | — |
| 3389 NW 14th Ave | multi_family | 5 | 3 | 2,241 | $995,000 | — |
| 1274 NW 55th Ter | single_family | 5 | 4 | 2,292 | $760,000 | — |
| 2428 NW 28th St | multi_family | 5 | 3 | 1,662 | $649,000 | — |
| 1436 NW 51st Ter | multi_family | 5 | 2 | 1,548 | $598,900 | — |
| 1490/1492 NW 38th St | multi_family | 5 | 3 | 1,840 | $585,000 | — |
| 1523 NW 38th St | single_family | 5 | 2 | 1,472 | $615,000 | — |
10-year hold projection
IRR4.0%
Equity multiple1.64x
Total return (10yr)$177,712
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $627,270 | $25,695 | -$14,438 | $481,918 | $145,352 |
| 2 | $646,088 | $26,573 | -$13,624 | $476,273 | $169,816 |
| 3 | $665,471 | $27,480 | -$12,782 | $470,240 | $195,231 |
| 4 | $685,435 | $28,417 | -$11,912 | $463,793 | $221,642 |
| 5 | $705,998 | $29,385 | -$11,013 | $456,903 | $249,095 |
| 6 | $727,178 | $30,385 | -$10,084 | $449,540 | $277,638 |
| 7 | $748,993 | $31,417 | -$9,124 | $441,672 | $307,322 |
| 8 | $771,463 | $32,484 | -$8,131 | $433,263 | $338,200 |
| 9 | $794,607 | $33,586 | -$7,105 | $424,277 | $370,330 |
| 10 | $818,445 | $34,724 | -$6,045 | $414,673 | $403,772 |
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.