2701 Garfield St

Hollywood, FL 33020 · single_family · For Sale · 7 days on market
Asking price$564,000
4 beds 2 baths 1,151 sqft
Suggested offer$392,288$171,712 above the est. market value of $392,288.
View on Realtor.com →
Listed by Alexandra Jordan · Bellisimo Realty, Llc
Typesingle_family
Built1952
Price / sqft$490
Est. value (own analysis)$392,288
Rent estimate (own analysis)$3,600/mo
HOANone
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-08-26
Removed date
MLSMiamiMLS #A12075119
Coordinates26.02157, -80.16154
Address2701 Garfield St
CityHollywood
StateFL
Zip33020
Listing ID6760316811
Sourceus-real-estate-listings, cached 2026-08-28

ZIP market snapshot (33020)

Median sale price$489,000
Median days on market (sale)94
Active sale listings625
Median rent$2,000/mo
Median days on market (rent)33
Active rental listings1144
Real ZIP-wide statistics from RentCast, as of 2026-09 (fetched 2026-09-03) — this is the whole ZIP's market, not specific to this property. Re-analyzing spends one of the account's 50 free monthly lookups. Our own log shows at least 6 of the 50 free monthly RentCast requests used — that only counts calls made through this app, so it can undercount. RentCast's own account dashboard has the real total.
Re-analyze ZIP 33020 (≥6 of 50 per our log)

Underwriting (buy-and-hold, default assumptions)

Purchase price$564,000
Down payment (20.0%)$112,800
Loan amount$451,200
Closing costs (5.0%)$28,200
Total cash to close$141,000
Rent (comp-derived)$3,600$43,200
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$43,200
Vacancy rate (assumption) assumption8.0%

$43,200 × 8.0% = $3,456

Effective gross income$3,312$39,744
Property tax (placeholder 1.9% of price)$893$10,716
Insurance (placeholder 0.8% of price)$376$4,512
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$180$2,160
Total operating expenses$1,449$17,388
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$39,744
Total operating expenses derived$17,388

$39,744 − $17,388 = $22,356

Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing)

Monthly Principal & Interest

Standard amortization on the loan amount, at the effective rate and term

Loan amount derived$451,200
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$451,200 amortized at 6.7% over 30 years = $2,900/mo

CapEx reserve (5.0% of GSR)$180$2,160
Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%)$0$0
Cash flow

Monthly Cash Flow

(NOI − Annual Debt Service − Annual CapEx Reserve − Annual PMI) ÷ 12

NOI derived$22,356
Annual debt service derived$34,794
Annual CapEx reserve assumption$2,160
Annual PMI assumption$0

($22,356 − $34,794 − $2,160 − $0) ÷ 12 = -$1,217

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$22,356
Purchase price data$564,000

$22,356 ÷ $564,000 = 4.0%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$14,598
Total cash to close derived$141,000

-$14,598 ÷ $141,000 = -10.4%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$22,356
Annual debt service derived$34,794

$22,356 ÷ $34,794 = 0.64

Rent-to-price (1% rule)

Rent-to-Price (the "1% rule")

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$43,200
Purchase price data$564,000

($43,200 ÷ 12) ÷ $564,000 = 0.6%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$564,000
Gross scheduled rent (annual) comp$43,200

$564,000 ÷ $43,200 = 13.1

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$17,388
Effective gross income derived$39,744

$17,388 ÷ $39,744 = 43.8%

Break-even occupancy

Break-Even Occupancy

(Total OpEx + Annual Debt Service + Annual PMI) ÷ Gross Scheduled Rent

Total operating expenses derived$17,388
Annual debt service derived$34,794
Annual PMI assumption$0
Gross scheduled rent (annual) comp$43,200

($17,388 + $34,794 + $0) ÷ $43,200 = 120.8%

Comparables

Same ZIP. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family421,404$3,1502026-08-27
single_family421,200$3,2502026-08-24
single_family421,328$3,6002026-06-09
single_family431,440$6,0002026-08-19
single_family421,476$4,6002026-05-08
single_family421,459$4,9992026-04-07
single_family421,460$3,3002025-11-26
single_family431,260$4,9502026-07-17
single_family421,290$3,3002026-03-11

1849 Madison St

Hollywood, 33020 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,404
Listed2026-08-27
Days on market

Asking rent: $3,150

View on Zillow →

2539 Cleveland St

Hollywood, 33020 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,200
Listed2026-08-24
Days on market

Asking rent: $3,250

View on Zillow →

1423 Garfield St

Hollywood, 33020 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,328
Listed2026-06-09
Days on market

Asking rent: $3,600

View on Zillow →

1413 Funston St

Hollywood, 33020 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,440
Listed2026-08-19
Days on market

Asking rent: $6,000

View on Zillow →

1721 N 16th Ct

Hollywood, 33020 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,476
Listed2026-05-08
Days on market

Asking rent: $4,600

View on Zillow →

1448 Dewey St Unit 1448

Hollywood, 33020 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,459
Listed2026-04-07
Days on market

Asking rent: $4,999

View on Zillow →

1531 Moffett St Unit 0

Hollywood, 33020 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,460
Listed2025-11-26
Days on market

Asking rent: $3,300

View on Zillow →

1912 Sherman St

Hollywood, 33020 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,260
Listed2026-07-17
Days on market

Asking rent: $4,950

View on Zillow →

2423 Scott St

Hollywood, 33020 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,290
Listed2026-03-11
Days on market

Asking rent: $3,300

View on Zillow →

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
1120 S 28th Avesingle_family421,574$550,0002026-08-28
1610 S 22nd Avesingle_family421,335$455,0002026-08-26
2857 Adams Stsingle_family421,418$575,0002026-08-14
2633 NW Taft Stsingle_family431,571$615,0002026-08-07
2701 Scott Stsingle_family421,565$817,0002026-07-30
2649 Scott Stsingle_family432,022$970,0002026-07-02
2831 Monroe Stsingle_family431,594$584,0002026-05-29
1628 Monroe Stsingle_family432,674$1,050,0002026-05-05
1425 S 25th Avesingle_family421,756$552,0002026-04-30
2708 Adams Stsingle_family421,650$505,0002026-04-15
2815 Madison Stsingle_family421,345$437,0002026-04-14
2631 Wilson Stsingle_family421,671$520,0002026-03-25
2630 McKinley Stsingle_family432,640$595,0002026-02-25
2318 Washington Stsingle_family421,463$445,0002026-02-10
2314 N 26th Avesingle_family421,409$438,0002026-01-28
1418 Jefferson Stsingle_family442,116$1,250,0002026-01-12
1429 Rodman Stsingle_family442,513$810,0002026-01-05
2642 Monroe Stsingle_family432,471$577,5002025-12-26
500 N 26th Avesingle_family432,895$250,0002025-12-24
2112 N 14th Tersingle_family421,467$575,0002025-12-22
1623 Mayo Stsingle_family453,285$865,0002025-12-11
2230 Farragut Stsingle_family43$499,0002025-12-04
1443 Harrison Stsingle_family432,628$1,199,0002025-11-26
2550 Adams Stsingle_family431,877$689,0002025-11-18

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.

AddressTypeBedsBathsSqftAsking priceDays on market
2327 Freedom Stsingle_family421,352$330,000
2665 Johnson Stsingle_family432,030$979,000
2619 Arthur Stsingle_family432,708$689,000
425 S 15th Avesingle_family422,156$765,000
1935 Arthur Stsingle_family421,385$649,000
1443 Funston Stsingle_family442,767$2,995,000
1928 Adams Stmulti_family421,755$550,000
2442 Funston Stsingle_family421,455$450,000

10-year hold projection

IRR3.4%
Equity multiple1.54x
Total return (10yr)$149,809
YearProperty valueNOICash flowLoan balanceEquity
1$580,920$22,356-$14,598$446,308$134,612
2$598,348$23,114-$13,895$441,080$157,267
3$616,298$23,896-$13,168$435,493$180,805
4$634,787$24,704-$12,416$429,523$205,264
5$653,831$25,539-$11,639$423,142$230,689
6$673,446$26,401-$10,837$416,323$257,122
7$693,649$27,292-$10,008$409,036$284,613
8$714,458$28,211-$9,151$401,249$313,209
9$735,892$29,161-$8,265$392,927$342,965
10$757,969$30,142-$7,350$384,033$373,936
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.
All figures are estimates for evaluation purposes only, not investment, tax, legal, or insurance advice. Property tax is estimated from a real matched tax bill or millage rate when available, a placeholder % of price otherwise; insurance is scaled by flood and wind risk where those are known and a flat percentage otherwise — never a real quote. Verify all of them, along with association restrictions and permit status, before committing capital. Rent estimates come from real comps or Zillow’s ZIP index, not appraisals.