8221 Crespi Blvd
Miami Beach, FL 33141 · single_family · For Sale · 786 days on market
Asking price$1,850,000
5 beds 5 baths 3,104 sqft
Listed by Julian Johnston · The Corcoran Group
Typesingle_family
Built1956
Price / sqft$596
Est. value (own analysis)$5,915,695
Rent estimate (own analysis)$18,250/mo
HOANone
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Statusfor_sale
Listed date2024-07-08
Removed date—
MLSMiamiMLS #A11619556
Coordinates25.86784, -80.12486
Address8221 Crespi Blvd
CityMiami Beach
StateFL
Zip33141
Listing ID6754915022
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33141)
Typical home value (ZHVI)$429,204
Typical rent (ZORI)$2,504/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 | $1,850,000 |
| Down payment (20.0%) | $370,000 |
| Loan amount | $1,480,000 |
| Closing costs (5.0%) | $92,500 |
| Total cash to close | $462,500 |
| Income | |
| Rent (comp-derived) | $18,250$219,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $16,790$201,480 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,929$35,150 |
| Insurance (placeholder 0.8% of price) | $1,233$14,800 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $913$10,950 |
| Total operating expenses | $5,075$60,900 |
| 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) | $913$10,950 |
| 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.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| single_family | 5 | 3 | 3,390 | $24,000 | 2026-08-03 | — | |
| single_family | 5 | 6 | 3,941 | $22,000 | 2026-08-06 | — | |
| single_family | 5 | 4 | 2,480 | $15,900 | 2026-08-03 | — | |
| single_family | 5 | 3 | 2,056 | $19,000 | 2026-06-11 | — | |
| single_family | 5 | 4 | 3,980 | $17,500 | 2026-04-22 | — | |
| single_family | 5 | 4 | 3,980 | $17,500 | — | — |
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 |
|---|---|---|---|---|---|---|
| 7815 Atlantic Way | single_family | 5 | 7 | 5,868 | $22,000,000 | 2026-09-02 |
| 1311 Bay Dr | single_family | 5 | 5 | 2,842 | $2,950,000 | 2026-08-14 |
| 1040 S Shore Dr | single_family | 5 | 5 | 5,647 | $4,400,000 | 2026-08-03 |
| 7724 Hawthorne Ave | single_family | 5 | 5 | 3,000 | $2,375,000 | 2026-07-31 |
| 11 LA Gorce Cir | single_family | 5 | 6 | 5,656 | $10,500,000 | 2026-06-30 |
| 6693 Windsor Ln | single_family | 5 | 4 | 3,695 | $5,950,000 | 2026-06-25 |
| 1351 Stillwater Dr | single_family | 5 | 6 | 3,798 | $7,500,000 | 2026-06-18 |
| 1825 Cleveland Rd | single_family | 5 | 6 | 4,473 | $9,000,000 | 2026-05-11 |
| 6465 Pinetree Drive Cir | single_family | 5 | 5 | 4,432 | $12,200,000 | 2026-04-24 |
| 1750 Bay Dr | single_family | 5 | 4 | 4,428 | $9,450,000 | 2026-04-09 |
| 1165 N Biscayne Point Rd | single_family | 5 | 5 | 4,796 | $11,425,000 | 2026-02-26 |
| 7960 Biscayne Point Cir | single_family | 5 | 7 | 6,408 | $10,800,000 | 2026-01-23 |
| 1844 Daytonia Rd | single_family | 5 | 6 | 5,352 | $10,200,000 | 2026-01-05 |
| 1730 Bay Dr | single_family | 5 | 3 | 4,386 | $8,800,000 | 2025-12-05 |
| 7720 Miami View Dr Miami View Dr | single_family | 5 | 4 | 5,081 | $9,500,000 | 2025-10-12 |
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 |
|---|---|---|---|---|---|---|
| 1380 71st St | single_family | 5 | 3 | 1,860 | $1,100,000 | — |
| 535 N Shore Dr | single_family | 5 | 7 | 5,094 | $14,999,000 | — |
| 1131 Stillwater Dr | single_family | 5 | 4 | 3,851 | $5,950,000 | — |
| 6300 Allison Rd | single_family | 5 | 5 | 4,035 | $8,450,000 | — |
| 6491 Allison Rd | single_family | 5 | 5 | 3,985 | $14,500,000 | — |
| 1540 Cleveland Rd | single_family | 5 | 4 | 2,849 | $4,760,000 | — |
| 1398 Bay Dr | single_family | 5 | 6 | 4,115 | $12,000,000 | — |
| 7701 Coquina Dr | single_family | 5 | 6 | 4,410 | $5,450,000 | — |
10-year hold projection
IRR13.7%
Equity multiple3.12x
Total return (10yr)$1,220,038
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,905,500 | $140,580 | $15,499 | $1,463,953 | $441,547 |
| 2 | $1,962,665 | $145,102 | $19,748 | $1,446,805 | $515,860 |
| 3 | $2,021,545 | $149,767 | $24,132 | $1,428,479 | $593,066 |
| 4 | $2,082,191 | $154,580 | $28,657 | $1,408,895 | $673,297 |
| 5 | $2,144,657 | $159,545 | $33,328 | $1,387,965 | $756,692 |
| 6 | $2,208,997 | $164,668 | $38,148 | $1,365,598 | $843,398 |
| 7 | $2,275,267 | $169,952 | $43,123 | $1,341,696 | $933,571 |
| 8 | $2,343,525 | $175,404 | $48,257 | $1,316,152 | $1,027,373 |
| 9 | $2,413,830 | $181,028 | $53,556 | $1,288,854 | $1,124,977 |
| 10 | $2,486,245 | $186,830 | $59,024 | $1,259,681 | $1,226,564 |
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.