2053 SW 60th Ave
Miami, FL 33155 · multi_family · For Sale · 20 days on market
Asking price$779,900
3 beds 2 baths 1,348 sqft
Suggested offer$545,089$234,811 above the est. market value of $545,089.
View on Realtor.com →Listed by Luis Gonzalez · Miami New Realty
Typemulti_family
Built1941
Price / sqft$579
Est. value (own analysis)$545,089
Rent estimate (building total, own analysis)$4,119/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeAir2/10MinorFlood1/10minimal$Wildfire1/10Minimal
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Statusfor_sale
Listed date2026-08-13
Removed date—
MLSMiamiMLS #A12069432
Coordinates25.75116, -80.29218
Address2053 SW 60th Ave
CityMiami
StateFL
Zip33155
Listing ID6760798455
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33155)
Typical home value (ZHVI)$716,503
Typical rent (ZORI)$2,758/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 | $779,900 |
| Down payment (20.0%) | $155,980 |
| Loan amount | $623,920 |
| Closing costs (5.0%) | $38,995 |
| Total cash to close | $194,975 |
| Income | |
| Rent (estimate) | $4,119$49,427 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,789$45,473 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,235$14,818 |
| Insurance (est. scaled by flood & wind risk) | $780$9,359 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $206$2,471 |
| Total operating expenses | $2,221$26,648 |
| 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) | $206$2,471 |
| 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
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| multi_family | 3 | 2 | 1,000 | $2,900 | 2026-08-18 | — |
Widened to any bedroom count in ZIP. 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 |
|---|---|---|---|---|---|---|
| 7028 SW 21st St | multi_family | 6 | 4 | 2,540 | $750,000 | 2026-07-22 |
| 5924 Coral Way | multi_family | 3 | 3 | 1,820 | $2,000,000 | 2026-06-11 |
| 2275 SW 61st Ave | multi_family | — | — | — | $1,017,500 | 2026-04-15 |
| 7056 SW 22nd St | multi_family | — | — | 2,664 | $860,000 | 2026-02-27 |
| 7401 SW 21st St | multi_family | — | — | 1,694 | $685,000 | 2026-02-23 |
| 7200 SW 22nd St | multi_family | 5 | 2 | 2,150 | $650,000 | 2026-02-10 |
| 7415 SW 23rd St | multi_family | — | — | 1,296 | $750,000 | 2025-12-12 |
| 7046 SW 22nd St | multi_family | — | — | 1,700 | $830,000 | 2025-11-26 |
| 6750 SW 21st St | multi_family | — | — | 1,500 | $740,000 | 2025-11-10 |
| 7080 SW 22nd St | multi_family | — | — | 1,936 | $670,000 | 2025-10-22 |
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 |
|---|---|---|---|---|---|---|
| 3815 SW 82nd Ave Apt 41 | townhomes | 3 | 2 | 1,113 | $549,999 | — |
| 6566 SW 52nd Ter | single_family | 3 | 3 | 1,408 | $1,000,000 | — |
| 3240 SW 84th Ave | single_family | 3 | 1 | 1,098 | $619,990 | — |
| 2635 SW 64th Ave | single_family | 3 | 2 | 1,718 | $1,299,999 | — |
| 6561 SW 34th St | single_family | 3 | 1 | 804 | $655,000 | — |
| 2825 SW 79th Ct | single_family | 3 | 3 | 3,434 | $1,250,000 | — |
| 2830 SW 63rd Ave | single_family | 3 | 2 | 1,036 | $785,000 | — |
| 6710 SW 29th St | single_family | 3 | 2 | 1,421 | $650,000 | — |
10-year hold projection
IRR-0.8%
Equity multiple0.86x
Total return (10yr)$75,017
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $803,297 | $18,824 | -$31,761 | $617,155 | $186,142 |
| 2 | $827,396 | $19,522 | -$31,125 | $609,926 | $217,470 |
| 3 | $852,218 | $20,245 | -$30,466 | $602,200 | $250,017 |
| 4 | $877,784 | $20,992 | -$29,783 | $593,944 | $283,840 |
| 5 | $904,118 | $21,765 | -$29,077 | $585,121 | $318,997 |
| 6 | $931,241 | $22,565 | -$28,345 | $575,692 | $355,550 |
| 7 | $959,179 | $23,393 | -$27,587 | $565,615 | $393,563 |
| 8 | $987,954 | $24,249 | -$26,802 | $554,847 | $433,107 |
| 9 | $1,017,593 | $25,135 | -$25,990 | $543,339 | $474,254 |
| 10 | $1,048,120 | $26,051 | -$25,149 | $531,040 | $517,080 |
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.