1237 NW 33rd Ave
Miami, FL 33125 · multi_family · For Sale · 50 days on market
Asking price$795,000
6 beds 3 baths 2,060 sqft
Suggested offer$624,695$170,305 above the est. market value of $624,695.
View on Realtor.com →Listed by Yanai Nassar · Brickellmania, LLC.
Typemulti_family
Built1924
Price / sqft$386
Est. value (own analysis)$624,695
Rent estimate (building total, own analysis)$5,892/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood8/10severe$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-07-15
Removed date—
MLSMiamiMLS #A12053835
Coordinates25.78453, -80.24996
Address1237 NW 33rd Ave
CityMiami
StateFL
Zip33125
Listing ID6830650759
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33125)
Typical home value (ZHVI)$466,681
Typical rent (ZORI)$2,360/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 | $795,000 |
| Down payment (20.0%) | $159,000 |
| Loan amount | $636,000 |
| Closing costs (5.0%) | $39,750 |
| Total cash to close | $198,750 |
| Income | |
| Rent (estimate) | $5,892$70,699 |
| Vacancy loss (8.0%) | |
| Effective gross income | $5,420$65,043 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,259$15,105 |
| Insurance (est. scaled by flood & wind risk) | $1,034$12,402 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $295$3,535 |
| Total operating expenses | $2,587$31,042 |
| 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) | $295$3,535 |
| 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.
No active rental listings cached yet for this bedroom count.
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 |
|---|---|---|---|---|---|---|
| 119 NW 17th Pl | multi_family | 6 | 4 | 2,248 | $900,000 | 2026-07-31 |
| 1953 NW 3rd St | multi_family | 6 | 4 | 2,886 | $850,000 | 2026-07-15 |
| 1810 NW 3rd St | multi_family | 6 | 4 | 2,034 | $799,000 | 2026-07-09 |
| 1001 NW 36th Ave | multi_family | 6 | 6 | 2,688 | $967,200 | 2026-04-24 |
| 1971 NW 24th Ct | multi_family | 6 | 2 | 2,404 | $750,000 | 2025-12-22 |
| 3281 NW 14th Ter | multi_family | 6 | 3 | 2,473 | $715,000 | 2025-11-17 |
| 1053 NW 34th Ave | multi_family | 6 | 2 | 2,869 | $800,000 | 2025-10-28 |
| 1644 NW 19th Ter | multi_family | 6 | 3 | 2,442 | $717,000 | 2025-10-10 |
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 |
|---|---|---|---|---|---|---|
| 2231 NW 4th Ter | single_family | 6 | 4 | 2,128 | $749,000 | — |
| 3321 NW 19th Ter | multi_family | 6 | 4 | 2,244 | $1,180,000 | — |
| 901 NW 22nd Ct | multi_family | 6 | 4 | 2,500 | $995,000 | — |
| 821 NW 36th Ave | multi_family | 6 | 3 | 2,404 | $1,040,500 | — |
| 3061 NW 14th St | multi_family | 6 | 4 | 3,158 | $890,000 | — |
| 1680 NW 22nd Ct | multi_family | 6 | 5 | 3,264 | $1,100,000 | — |
| 2262 NW 4th St | single_family | 6 | 4 | 2,802 | $666,990 | — |
| 605 NW 34th Ave | multi_family | 6 | 5 | 5,334 | $1,700,000 | — |
10-year hold projection
IRR4.1%
Equity multiple1.66x
Total return (10yr)$235,908
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $818,850 | $34,001 | -$18,579 | $629,104 | $189,746 |
| 2 | $843,416 | $35,177 | -$17,492 | $621,735 | $221,680 |
| 3 | $868,718 | $36,391 | -$16,368 | $613,860 | $254,858 |
| 4 | $894,780 | $37,646 | -$15,206 | $605,444 | $289,336 |
| 5 | $921,623 | $38,942 | -$14,005 | $596,450 | $325,173 |
| 6 | $949,272 | $40,282 | -$12,763 | $586,838 | $362,433 |
| 7 | $977,750 | $41,666 | -$11,479 | $576,566 | $401,183 |
| 8 | $1,007,082 | $43,096 | -$10,151 | $565,589 | $441,493 |
| 9 | $1,037,295 | $44,573 | -$8,779 | $553,859 | $483,436 |
| 10 | $1,068,414 | $46,100 | -$7,360 | $541,322 | $527,091 |
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.