2422 Sherman St
Hollywood, FL 33020 · single_family · For Sale · 99 days on market
Asking price$580,000
4 beds 3 baths 1,631 sqft
Suggested offer$555,884$24,116 above the est. market value of $555,884.
View on Realtor.com →Listed by Amy Berman · The Keyes Company
Typesingle_family
Built1955
Price / sqft$356
Est. value (own analysis)$555,884
Rent estimate (own analysis)$4,950/mo
HOANone
1 / 29
Show every detail
Statusfor_sale
Listed date2026-05-27
Removed date—
MLSBeachesMLS #B26033221
Coordinates26.03219, -80.15640
Address2422 Sherman St
CityHollywood
StateFL
Zip33020
Listing ID6774067943
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)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $580,000 |
| Down payment (20.0%) | $116,000 |
| Loan amount | $464,000 |
| Closing costs (5.0%) | $29,000 |
| Total cash to close | $145,000 |
| Income | |
| Rent (comp-derived) | $4,950$59,400 |
| Vacancy loss (8.0%) | |
| Effective gross income | $4,554$54,648 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $918$11,020 |
| Insurance (placeholder 0.8% of price) | $387$4,640 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $248$2,970 |
| Total operating expenses | $1,553$18,630 |
| 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) | $248$2,970 |
| 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 | 4 | 2 | 1,404 | $3,150 | 2026-08-27 | — | |
| single_family | 4 | 4 | 1,900 | $3,900 | 2026-08-09 | — | |
| single_family | 4 | 3 | 2,166 | $6,000 | 2026-03-11 | — | |
| single_family | 4 | 2 | 1,200 | $3,250 | 2026-08-24 | — | |
| single_family | 4 | 2 | 1,663 | $3,900 | 2026-08-07 | — | |
| single_family | 4 | 3 | 1,932 | $6,000 | 2026-08-17 | — | |
| single_family | 4 | 2 | 1,328 | $3,600 | 2026-06-09 | — | |
| single_family | 4 | 3 | 1,440 | $6,000 | 2026-08-19 | — | |
| single_family | 4 | 2 | 1,476 | $4,600 | 2026-05-08 | — | |
| single_family | 4 | 2 | 1,459 | $4,999 | 2026-04-07 | — | |
| single_family | 4 | 2 | 1,460 | $3,300 | 2025-11-26 | — | |
| single_family | 4 | 3 | 1,260 | $4,950 | 2026-07-17 | — | |
| single_family | 4 | 3 | 1,597 | $4,950 | 2026-06-23 | — | |
| single_family | 4 | 2 | 1,290 | $3,300 | 2026-03-11 | — | |
| single_family | 4 | 3 | 2,158 | $5,450 | 2026-08-07 | — | |
| single_family | 4 | 2 | 1,946 | $6,500 | 2026-05-11 | — | |
| single_family | 4 | 2 | 1,685 | $12,000 | 2025-09-24 | — | |
| single_family | 4 | 2 | 2,141 | $8,699 | 2025-05-16 | — | |
| single_family | 4 | 2 | 1,800 | $4,000 | 2025-11-26 | — |
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 |
|---|---|---|---|---|---|---|
| 1120 S 28th Ave | single_family | 4 | 2 | 1,574 | $550,000 | 2026-08-28 |
| 1610 S 22nd Ave | single_family | 4 | 2 | 1,335 | $455,000 | 2026-08-26 |
| 2857 Adams St | single_family | 4 | 2 | 1,418 | $575,000 | 2026-08-14 |
| 2633 NW Taft St | single_family | 4 | 3 | 1,571 | $615,000 | 2026-08-07 |
| 2701 Scott St | single_family | 4 | 2 | 1,565 | $817,000 | 2026-07-30 |
| 2649 Scott St | single_family | 4 | 3 | 2,022 | $970,000 | 2026-07-02 |
| 2831 Monroe St | single_family | 4 | 3 | 1,594 | $584,000 | 2026-05-29 |
| 1628 Monroe St | single_family | 4 | 3 | 2,674 | $1,050,000 | 2026-05-05 |
| 1425 S 25th Ave | single_family | 4 | 2 | 1,756 | $552,000 | 2026-04-30 |
| 2708 Adams St | single_family | 4 | 2 | 1,650 | $505,000 | 2026-04-15 |
| 2815 Madison St | single_family | 4 | 2 | 1,345 | $437,000 | 2026-04-14 |
| 2631 Wilson St | single_family | 4 | 2 | 1,671 | $520,000 | 2026-03-25 |
| 2630 McKinley St | single_family | 4 | 3 | 2,640 | $595,000 | 2026-02-25 |
| 2318 Washington St | single_family | 4 | 2 | 1,463 | $445,000 | 2026-02-10 |
| 2314 N 26th Ave | single_family | 4 | 2 | 1,409 | $438,000 | 2026-01-28 |
| 1418 Jefferson St | single_family | 4 | 4 | 2,116 | $1,250,000 | 2026-01-12 |
| 1429 Rodman St | single_family | 4 | 4 | 2,513 | $810,000 | 2026-01-05 |
| 2642 Monroe St | single_family | 4 | 3 | 2,471 | $577,500 | 2025-12-26 |
| 500 N 26th Ave | single_family | 4 | 3 | 2,895 | $250,000 | 2025-12-24 |
| 2112 N 14th Ter | single_family | 4 | 2 | 1,467 | $575,000 | 2025-12-22 |
| 1623 Mayo St | single_family | 4 | 5 | 3,285 | $865,000 | 2025-12-11 |
| 2230 Farragut St | single_family | 4 | 3 | — | $499,000 | 2025-12-04 |
| 1443 Harrison St | single_family | 4 | 3 | 2,628 | $1,199,000 | 2025-11-26 |
| 2550 Adams St | single_family | 4 | 3 | 1,877 | $689,000 | 2025-11-18 |
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.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 2327 Freedom St | single_family | 4 | 2 | 1,352 | $330,000 | — |
| 2665 Johnson St | single_family | 4 | 3 | 2,030 | $979,000 | — |
| 2619 Arthur St | single_family | 4 | 3 | 2,708 | $689,000 | — |
| 2701 Garfield St | single_family | 4 | 2 | 1,151 | $564,000 | — |
| 425 S 15th Ave | single_family | 4 | 2 | 2,156 | $765,000 | — |
| 1935 Arthur St | single_family | 4 | 2 | 1,385 | $649,000 | — |
| 1443 Funston St | single_family | 4 | 4 | 2,767 | $2,995,000 | — |
| 1928 Adams St | multi_family | 4 | 2 | 1,755 | $550,000 | — |
10-year hold projection
IRR9.7%
Equity multiple2.51x
Total return (10yr)$295,215
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $597,400 | $36,018 | -$2,733 | $458,969 | $138,431 |
| 2 | $615,322 | $37,192 | -$1,634 | $453,593 | $161,729 |
| 3 | $633,782 | $38,403 | -$499 | $447,847 | $185,934 |
| 4 | $652,795 | $39,653 | $673 | $441,707 | $211,088 |
| 5 | $672,379 | $40,943 | $1,883 | $435,146 | $237,233 |
| 6 | $692,550 | $42,274 | $3,132 | $428,133 | $264,417 |
| 7 | $713,327 | $43,647 | $4,422 | $420,640 | $292,687 |
| 8 | $734,727 | $45,065 | $5,753 | $412,631 | $322,095 |
| 9 | $756,768 | $46,528 | $7,127 | $404,073 | $352,696 |
| 10 | $779,472 | $48,037 | $8,546 | $394,927 | $384,545 |
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.