605 NW 34th Ave
Miami, FL 33125 · multi_family · For Sale · 162 days on market
Asking price$1,700,000
6 beds 5 baths 5,334 sqft
Suggested offer$1,617,536$82,465 above the est. market value of $1,617,536.
View on Realtor.com →Listed by Miguel Fuentes · Fausto Commercial Realty Consultants Inc
Typemulti_family
Built1963
Price / sqft$319
Est. value (own analysis)$1,617,536
Rent estimate (building total, own analysis)$15,255/mo
HOANone
1 / 50
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Statusfor_sale
Listed date2026-03-24
Removed date—
MLSMiamiMLS #A11988951
Coordinates25.77849, -80.25074
Address605 NW 34th Ave
CityMiami
StateFL
Zip33125
Listing ID6729428236
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33125)
Typical home value (ZHVI)$466,681
Typical rent (ZORI)$2,360/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 | $1,700,000 |
| Down payment (20.0%) | $340,000 |
| Loan amount | $1,360,000 |
| Closing costs (5.0%) | $85,000 |
| Total cash to close | $425,000 |
| Income | |
| Rent (estimate) | $15,255$183,063 |
| Vacancy loss (8.0%) | |
| Effective gross income | $14,035$168,418 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,692$32,300 |
| Insurance (placeholder 0.8% of price) | $1,133$13,600 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $763$9,153 |
| Total operating expenses | $4,588$55,053 |
| 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) | $763$9,153 |
| 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 |
|---|---|---|---|---|---|---|
| 119 NW 17th Pl | multi_family | 6 | 4 | 2,248 | $900,000 | 2026-07-31 |
| 1953 NW 3rd St | multi_family | 6 | 4 | 2,886 | $850,000 | 2026-07-15 |
| 1810 NW 3rd St | multi_family | 6 | 4 | 2,034 | $799,000 | 2026-07-09 |
| 1001 NW 36th Ave | multi_family | 6 | 6 | 2,688 | $967,200 | 2026-04-24 |
| 1971 NW 24th Ct | multi_family | 6 | 2 | 2,404 | $750,000 | 2025-12-22 |
| 3281 NW 14th Ter | multi_family | 6 | 3 | 2,473 | $715,000 | 2025-11-17 |
| 1053 NW 34th Ave | multi_family | 6 | 2 | 2,869 | $800,000 | 2025-10-28 |
| 1644 NW 19th Ter | multi_family | 6 | 3 | 2,442 | $717,000 | 2025-10-10 |
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 |
|---|---|---|---|---|---|---|
| 2231 NW 4th Ter | single_family | 6 | 4 | 2,128 | $749,000 | — |
| 3321 NW 19th Ter | multi_family | 6 | 4 | 2,244 | $1,180,000 | — |
| 901 NW 22nd Ct | multi_family | 6 | 4 | 2,500 | $995,000 | — |
| 1237 NW 33rd Ave | multi_family | 6 | 3 | 2,060 | $795,000 | — |
| 821 NW 36th Ave | multi_family | 6 | 3 | 2,404 | $1,040,500 | — |
| 3061 NW 14th St | multi_family | 6 | 4 | 3,158 | $890,000 | — |
| 1680 NW 22nd Ct | multi_family | 6 | 5 | 3,264 | $1,100,000 | — |
| 2262 NW 4th St | single_family | 6 | 4 | 2,802 | $666,990 | — |
10-year hold projection
IRR11.0%
Equity multiple2.71x
Total return (10yr)$949,740
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,751,000 | $113,365 | -$665 | $1,345,255 | $405,745 |
| 2 | $1,803,530 | $117,041 | $2,782 | $1,329,496 | $474,034 |
| 3 | $1,857,636 | $120,834 | $6,341 | $1,312,656 | $544,980 |
| 4 | $1,913,365 | $124,749 | $10,015 | $1,294,660 | $618,705 |
| 5 | $1,970,766 | $128,787 | $13,807 | $1,275,427 | $695,339 |
| 6 | $2,029,889 | $132,955 | $17,722 | $1,254,874 | $775,015 |
| 7 | $2,090,786 | $137,255 | $21,763 | $1,232,909 | $857,876 |
| 8 | $2,153,509 | $141,692 | $25,935 | $1,209,437 | $944,073 |
| 9 | $2,218,114 | $146,270 | $30,241 | $1,184,352 | $1,033,763 |
| 10 | $2,284,658 | $150,993 | $34,685 | $1,157,544 | $1,127,113 |
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.