2216 SW 62nd Ave
Miami, FL 33155 · single_family · For Sale · 44 days on market
Asking price$910,000
5 beds 3 baths 2,442 sqft
Listed by Idania Brizuela · Real Estate Direct Of S. Fla
Typesingle_family
Built1970
Price / sqft$373
Est. value (own analysis)$1,090,817
Rent estimate (own analysis)$7,350/mo
HOANone
1 / 54
Show every detail
Statusfor_sale
Listed date2026-07-21
Removed date—
MLSMiamiMLS #A12056998
Coordinates25.74969, -80.29577
Address2216 SW 62nd Ave
CityMiami
StateFL
Zip33155
Listing ID6767804452
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 | $910,000 |
| Down payment (20.0%) | $182,000 |
| Loan amount | $728,000 |
| Closing costs (5.0%) | $45,500 |
| Total cash to close | $227,500 |
| Income | |
| Rent (comp-derived) | $7,350$88,200 |
| Vacancy loss (8.0%) | |
| Effective gross income | $6,762$81,144 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,441$17,290 |
| Insurance (placeholder 0.8% of price) | $607$7,280 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $368$4,410 |
| Total operating expenses | $2,415$28,980 |
| 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) | $368$4,410 |
| 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 | 3,002 | $12,000 | 2026-08-19 | — | |
| single_family | 5 | 8 | 2,326 | $8,200 | 2026-07-13 | — | |
| single_family | 5 | 2 | 1,974 | $5,000 | — | — | |
| single_family | 5 | 3 | 2,442 | $6,500 | 2026-08-30 | — |
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 |
|---|---|---|---|---|---|---|
| 7840 SW 18th Ter | single_family | 5 | 4 | 2,586 | $1,120,000 | 2026-08-07 |
| 2725 SW 82nd Ave | single_family | 5 | 4 | 2,251 | $810,000 | 2026-07-23 |
| 5785 SW 46th Ter | single_family | 5 | 4 | 2,053 | $1,670,000 | 2026-07-10 |
| 6810 SW 51st St | single_family | 5 | 3 | 1,889 | $1,100,000 | 2026-06-18 |
| 1715 SW 84th Ave | single_family | 5 | 3 | 2,289 | $745,000 | 2026-06-16 |
| 7731 SW 18th Ter | single_family | 5 | 4 | 2,184 | $917,000 | 2026-06-11 |
| 6521 SW 31st St | single_family | 5 | 3 | 1,840 | $1,020,000 | 2026-06-08 |
| 5815 SW 27th St | single_family | 5 | 4 | 3,790 | $2,050,000 | 2026-04-01 |
| 8370 SW 46th St | single_family | 5 | 3 | 1,955 | $935,000 | 2026-03-31 |
| 2930 SW 79th Ct | single_family | 5 | 5 | 2,863 | $1,275,000 | 2026-03-23 |
| 6480 SW 37th St | single_family | 5 | 4 | 1,844 | $348,000 | 2026-03-16 |
| 6301 Coral Lake Dr | single_family | 5 | 3 | 2,980 | $1,735,000 | 2026-02-24 |
| 7815 SW 21st Ter | single_family | 5 | 3 | 2,456 | $795,000 | 2026-02-24 |
| 7410 SW 39th St | single_family | 5 | 3 | 1,607 | $720,000 | 2026-02-23 |
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 |
|---|---|---|---|---|---|---|
| 2000 SW 84th Ave | single_family | 5 | 3 | 1,845 | $885,000 | — |
| 2920 SW 69th Ave | single_family | 5 | 5 | 2,457 | $825,000 | — |
| 2231 SW 57th Ct | single_family | 5 | 3 | 2,692 | $650,000 | — |
| 6560 SW 34th St | single_family | 5 | 4 | 1,949 | $825,000 | — |
| 5766 SW 41st St | single_family | 5 | 5 | 3,500 | $1,250,000 | — |
| 6359 SW 34th St | single_family | 5 | 6 | 4,902 | $3,249,000 | — |
| 7390 SW 30th Ter | single_family | 5 | 3 | 2,030 | $1,190,000 | — |
| 5854 SW 30th St | single_family | 5 | 6 | 3,904 | $4,250,000 | — |
10-year hold projection
IRR8.3%
Equity multiple2.31x
Total return (10yr)$416,082
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $937,300 | $52,164 | -$8,386 | $720,107 | $217,193 |
| 2 | $965,419 | $53,874 | -$6,786 | $711,672 | $253,747 |
| 3 | $994,382 | $55,639 | -$5,135 | $702,657 | $291,724 |
| 4 | $1,024,213 | $57,460 | -$3,429 | $693,024 | $331,189 |
| 5 | $1,054,939 | $59,340 | -$1,668 | $682,729 | $372,210 |
| 6 | $1,086,588 | $61,280 | $151 | $671,727 | $414,860 |
| 7 | $1,119,185 | $63,282 | $2,028 | $659,970 | $459,215 |
| 8 | $1,152,761 | $65,349 | $3,967 | $647,405 | $505,356 |
| 9 | $1,187,344 | $67,481 | $5,968 | $633,977 | $553,366 |
| 10 | $1,222,964 | $69,682 | $8,035 | $619,628 | $603,336 |
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.