2956 Bird Ave Apt 6

Miami, FL 33133 · townhomes · For Sale · 72 days on market
Asking price$699,000
2 beds 3 baths 895 sqft
Suggested offer$684,412$14,588 above the est. market value of $684,412.
View on Realtor.com →
Listed by Steven K. · beycome.com
Typetownhomes
Built1982
Price / sqft$781
Est. value (own analysis)$684,412
Rent estimate (own analysis)$3,925/mo
HOA$693/mo
Wind10/10Extreme$Heat10/10ExtremeAir2/10MinorFlood1/10minimal$Wildfire1/10Minimal
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-06-22
Removed date
MLSMiamiMLS #A12041149
Coordinates25.73512, -80.24087
Address2956 Bird Ave Apt 6
CityMiami
StateFL
Zip33133
Listing ID6781150735
Sourceus-real-estate-listings, cached 2026-08-30

ZIP market snapshot (33133)

Typical home value (ZHVI)$1,352,044
Typical rent (ZORI)$3,793/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)

Purchase price$699,000
Down payment (20.0%)$139,800
Loan amount$559,200
Closing costs (5.0%)$34,950
Total cash to close$174,750
Rent (comp-derived)$3,925$47,100
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$47,100
Vacancy rate (assumption) assumption8.0%

$47,100 × 8.0% = $3,768

Effective gross income$3,611$43,332
Property tax (placeholder 1.9% of price)$1,107$13,281
Insurance (est. scaled by flood & wind risk)$699$8,388
HOA dues$693$8,316
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$196$2,355
Total operating expenses$2,695$32,340
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$43,332
Total operating expenses derived$32,340

$43,332 − $32,340 = $10,992

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$559,200
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$559,200 amortized at 6.7% over 30 years = $3,594/mo

CapEx reserve (5.0% of GSR)$196$2,355
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$10,992
Annual debt service derived$43,123
Annual CapEx reserve assumption$2,355
Annual PMI assumption$0

($10,992 − $43,123 − $2,355 − $0) ÷ 12 = -$2,874

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$10,992
Purchase price data$699,000

$10,992 ÷ $699,000 = 1.6%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$34,486
Total cash to close derived$174,750

-$34,486 ÷ $174,750 = -19.7%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$10,992
Annual debt service derived$43,123

$10,992 ÷ $43,123 = 0.25

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$47,100
Purchase price data$699,000

($47,100 ÷ 12) ÷ $699,000 = 0.6%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$699,000
Gross scheduled rent (annual) comp$47,100

$699,000 ÷ $47,100 = 14.8

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$32,340
Effective gross income derived$43,332

$32,340 ÷ $43,332 = 74.6%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$32,340
Annual debt service derived$43,123
Annual PMI assumption$0
Gross scheduled rent (annual) comp$47,100

($32,340 + $43,123 + $0) ÷ $47,100 = 160.2%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
townhomes22875$4,0002026-08-17
townhomes231,156$5,3002026-06-17
townhomes22850$3,8002026-06-03
townhomes221,032$4,2002026-05-27
townhomes21729$3,8502026-07-30
townhomes211,000$2,6882023-07-17
townhomes231,000$4,4002024-05-28
townhomes221,130$7,6902024-05-05
townhomes221,200$4,2502026-04-24
townhomes211,000$2,6882025-01-29
townhomes221,000$3,3002026-08-26
townhomes22850$3,4902026-08-27
townhomes221,200$4,000
townhomes22850$3,7502026-09-01

2945 Coconut Ave Apt 3

Miami, 33133 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage875
Listed2026-08-17
Days on market

Asking rent: $4,000

View on Zillow →

3138 Mary St Unit 3138

Miami, 33133 · rent comp

Bedrooms / bathrooms2 bd / 3 ba
Square footage1,156
Listed2026-06-17
Days on market

Asking rent: $5,300

View on Zillow →

3051 Center St Unit 9

Miami, 33133 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage850
Listed2026-06-03
Days on market

Asking rent: $3,800

View on Zillow →

3190 Bird Ave Unit 15

Coconut Grove, 33133 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,032
Listed2026-05-27
Days on market

Asking rent: $4,200

View on Zillow →

3100 Naomi St Unit 3102

Miami, 33133 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage729
Listed2026-07-30
Days on market

Asking rent: $3,850

View on Zillow →

3084 Jefferson Term St Unit Long

Miami, 33133 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage1,000
Listed2023-07-17
Days on market

Asking rent: $2,688

View on Zillow →

3234 W Trade Ave Unit I4

Miami, 33133 · rent comp

Bedrooms / bathrooms2 bd / 3 ba
Square footage1,000
Listed2024-05-28
Days on market

Asking rent: $4,400

View on Zillow →

3085 McDonald St Unit C

Miami, 33133 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,130
Listed2024-05-05
Days on market

Asking rent: $7,690

View on Zillow →

3209 Bird Ave

Miami, 33133 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,200
Listed2026-04-24
Days on market

Asking rent: $4,250

View on Zillow →

3084 Jefferson St Unit Longterm

Miami, 33133 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage1,000
Listed2025-01-29
Days on market

Asking rent: $2,688

View on Zillow →

2332 SW 26th Ln

Miami, 33133 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,000
Listed2026-08-26
Days on market

Asking rent: $3,300

View on Zillow →

3047 Center St Unit 7

Miami, 33133 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage850
Listed2026-08-27
Days on market

Asking rent: $3,490

View on Zillow →

3213 Bird Ave Unit 7

Miami, 33133 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,200
Listed
Days on market

Asking rent: $4,000

View on Zillow →

3037 Center St Unit 2

Miami, 33133 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage850
Listed2026-09-01
Days on market

Asking rent: $3,750

View on Zillow →

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
2962 W Trade Avetownhomes56$2,635,0002026-08-19
2977 Bridgeport Avetownhomes342,802$2,520,0002026-07-31
3376 Day Ave Unit Btownhomes33$1,475,0002026-07-31
3197 Virginia Sttownhomes231,810$1,325,0002026-07-24
2721 SW 22nd Ave Unit Ctownhomes332,215$1,799,0002026-07-20
3374 Day Ave Unit Atownhomes33$1,575,0002026-07-17
2917 SW 30th Ct Unit 2917townhomes342,445$1,130,0002026-07-02
3318 Day Ave Unit 7townhomes332,577$1,575,0002026-06-29
2960 Day Ave Unit 3201townhomes231,275$975,0002026-06-29
2916 Jackson Ave Unit 2916townhomes442,902$2,809,8502026-06-25
3407 Day Ave Unit 3407townhomes332,522$1,775,0002026-06-16
3086 Indiana Sttownhomes442,655$2,600,0002026-06-16

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
2984 Mary Sttownhomes221,092$899,000
2989 Bird Ave Unit 1townhomes221,040$650,000
2843 S Bayshore Dr Apt 6Bcondos221,375$1,475,000
2678 Tigertail Ave Apt 1508condos231,207$1,960,000
3145 Jackson Avetownhomes231,746$1,450,000
2690 SW 22nd Ave Apt 301condos21906$310,000
2924 Day Ave Apt N314condos22879$639,000
2650 SW 37th Ave Apt 501condos221,219$480,000

10-year hold projection

IRR-3.1%
Equity multiple0.48x
Total return (10yr)$465
YearProperty valueNOICash flowLoan balanceEquity
1$719,970$10,992-$34,486$553,137$166,833
2$741,569$11,483-$34,053$546,658$194,911
3$763,816$11,994-$33,603$539,733$224,083
4$786,731$12,523-$33,136$532,334$254,397
5$810,333$13,073-$32,649$524,426$285,907
6$834,643$13,644-$32,143$515,975$318,668
7$859,682$14,236-$31,618$506,943$352,738
8$885,472$14,851-$31,071$497,292$388,180
9$912,036$15,489-$30,504$486,978$425,059
10$939,398$16,150-$29,914$475,955$463,442
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.