620 SW 13th Ave
Miami, FL 33135 · multi_family · For Sale · 29 days on market
Asking price$1,500,000
6 beds 4 baths 1,980 sqft
Suggested offer$757,324$742,676 above the est. market value of $757,324.
View on Realtor.com →Listed by Haraum Mellado · RE/MAX Advance Realty II
Typemulti_family
Built1926
Price / sqft$758
Est. value (own analysis)$757,324
Rent estimate (building total, own analysis)$6,025/mo
HOANone
1 / 2
Show every detail
Statusfor_sale
Listed date2026-08-04
Removed date—
MLSMiamiMLS #A12065263
Coordinates25.76709, -80.21640
Address620 SW 13th Ave
CityMiami
StateFL
Zip33135
Listing ID6754605491
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 | $1,500,000 |
| Down payment (20.0%) | $300,000 |
| Loan amount | $1,200,000 |
| Closing costs (5.0%) | $75,000 |
| Total cash to close | $375,000 |
| Income | |
| Rent (estimate) | $6,025$72,299 |
| Vacancy loss (8.0%) | |
| Effective gross income | $5,543$66,515 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,375$28,500 |
| Insurance (placeholder 0.8% of price) | $1,000$12,000 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $301$3,615 |
| Total operating expenses | $3,676$44,115 |
| 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) | $301$3,615 |
| 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 | — |
| 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 | — |
| 2818 SW 2nd St | multi_family | 6 | 4 | 2,262 | $899,000 | — |
10-year hold projection
IRR-3.2%
Equity multiple0.47x
Total return (10yr)-$3,089
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,545,000 | $22,400 | -$73,753 | $1,186,989 | $358,011 |
| 2 | $1,591,350 | $23,293 | -$72,951 | $1,173,085 | $418,265 |
| 3 | $1,639,091 | $24,217 | -$72,119 | $1,158,226 | $480,864 |
| 4 | $1,688,263 | $25,176 | -$71,255 | $1,142,347 | $545,916 |
| 5 | $1,738,911 | $26,168 | -$70,360 | $1,125,377 | $613,534 |
| 6 | $1,791,078 | $27,197 | -$69,431 | $1,107,242 | $683,836 |
| 7 | $1,844,811 | $28,262 | -$68,468 | $1,087,862 | $756,949 |
| 8 | $1,900,155 | $29,366 | -$67,469 | $1,067,151 | $833,004 |
| 9 | $1,957,160 | $30,509 | -$66,433 | $1,045,017 | $912,143 |
| 10 | $2,015,875 | $31,693 | -$65,359 | $1,021,364 | $994,511 |
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.