2820 Brickell Ave

Miami, FL 33129 · single_family · For Sale · 28 days on market
Asking price$9,950,000
6 beds 7 baths 6,522 sqft
Suggested offer$4,672,948$5,277,052 above the est. market value of $4,672,948.
View on Realtor.com →
Listed by David Siddons · Douglas Elliman
Typesingle_family
Built1999
Price / sqft$1526
Est. value (own analysis)$4,672,948
Rent estimate (own analysis)$29,750/mo
HOANone
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Neighborhood

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Statusfor_sale
Listed date2026-08-05
Removed date
MLSMiamiMLS #A12062532
Coordinates25.74918, -80.20633
Address2820 Brickell Ave
CityMiami
StateFL
Zip33129
Listing ID6870597923
Sourceus-real-estate-listings, cached 2026-08-29

ZIP market snapshot (33129)

Typical home value (ZHVI)$689,590
Typical rent (ZORI)$3,599/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$9,950,000
Down payment (20.0%)$1,990,000
Loan amount$7,960,000
Closing costs (5.0%)$497,500
Total cash to close$2,487,500
Rent (comp-derived)$29,750$357,000
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$357,000
Vacancy rate (assumption) assumption8.0%

$357,000 × 8.0% = $28,560

Effective gross income$27,370$328,440
Property tax (placeholder 1.9% of price)$15,754$189,050
Insurance (placeholder 0.8% of price)$6,633$79,600
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$1,488$17,850
Total operating expenses$23,875$286,500
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$328,440
Total operating expenses derived$286,500

$328,440 − $286,500 = $41,940

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$7,960,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$7,960,000 amortized at 6.7% over 30 years = $51,153/mo

CapEx reserve (5.0% of GSR)$1,488$17,850
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$41,940
Annual debt service derived$613,837
Annual CapEx reserve assumption$17,850
Annual PMI assumption$0

($41,940 − $613,837 − $17,850 − $0) ÷ 12 = -$49,146

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$41,940
Purchase price data$9,950,000

$41,940 ÷ $9,950,000 = 0.4%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$589,747
Total cash to close derived$2,487,500

-$589,747 ÷ $2,487,500 = -23.7%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$41,940
Annual debt service derived$613,837

$41,940 ÷ $613,837 = 0.07

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$357,000
Purchase price data$9,950,000

($357,000 ÷ 12) ÷ $9,950,000 = 0.3%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$9,950,000
Gross scheduled rent (annual) comp$357,000

$9,950,000 ÷ $357,000 = 27.9

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$286,500
Effective gross income derived$328,440

$286,500 ÷ $328,440 = 87.2%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$286,500
Annual debt service derived$613,837
Annual PMI assumption$0
Gross scheduled rent (annual) comp$357,000

($286,500 + $613,837 + $0) ÷ $357,000 = 252.2%

Comparables

Widened to city-wide. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family675,850$25,0002026-07-21
single_family675,712$65,0002026-07-01
single_family665,322$28,0002026-06-17
single_family654,432$29,5002026-06-17
single_family685,568$58,5002026-04-15
single_family646,112$30,000

10005 SW 66th St

Miami, 33173 · rent comp

Bedrooms / bathrooms6 bd / 7 ba
Square footage5,850
Listed2026-07-21
Days on market

Asking rent: $25,000

View on Zillow →

980 Belle Meade Island Dr

Miami, 33138 · rent comp

Bedrooms / bathrooms6 bd / 7 ba
Square footage5,712
Listed2026-07-01
Days on market

Asking rent: $65,000

View on Zillow →

6220 SW 86th St

Miami, 33143 · rent comp

Bedrooms / bathrooms6 bd / 6 ba
Square footage5,322
Listed2026-06-17
Days on market

Asking rent: $28,000

View on Zillow →

1076 NE Little River Dr

Miami, 33138 · rent comp

Bedrooms / bathrooms6 bd / 5 ba
Square footage4,432
Listed2026-06-17
Days on market

Asking rent: $29,500

View on Zillow →

707 NE 77th St

Miami, 33138 · rent comp

Bedrooms / bathrooms6 bd / 8 ba
Square footage5,568
Listed2026-04-15
Days on market

Asking rent: $58,500

View on Zillow →

10506 SW 89th Pl

Miami, 33176 · rent comp

Bedrooms / bathrooms6 bd / 4 ba
Square footage6,112
Listed
Days on market

Asking rent: $30,000

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
801 SW 24th Rdsingle_family321,726$1,475,0002026-09-01
2130 S Miami Avesingle_family675,890$7,675,0002026-08-26
321 SW 32nd Rdsingle_family211,214$1,205,0002026-08-14
3001 S Miami Avesingle_family543,126$2,650,0002026-08-12
730 SW 20th Rdsingle_family211,025$905,0002026-08-07
322 SW 18th Rdsingle_family321,746$1,262,8952026-08-07
2031 S Miami Avesingle_family454,259$4,275,0002026-07-31
1153 SW 22nd Tersingle_family221,216$1,150,0002026-07-14
50 SW 26th Rdsingle_family322,260$1,443,8002026-07-06
365 SW 31st Rdsingle_family442,514$2,076,0002026-07-06
401 SW 28th Rdsingle_family442,518$1,728,0002026-06-15
452 SW 21st Rdsingle_family432,300$1,255,0002026-06-04
426 SW 26th Rdsingle_family431,688$1,250,0002026-06-04
321 SW 19th Rdsingle_family421,755$1,030,0002026-06-02
419 SW 30th Rdsingle_family321,304$1,375,0002026-05-28
441 SW 27th Rdsingle_family322,236$1,650,0002026-05-27
705 SW 26th Rdsingle_family222,550$1,400,0002026-05-18
1851 SW 2nd Ctsingle_family211,023$1,550,0002026-05-15
701 SW 27th Rdsingle_family442,743$3,820,0002026-05-15
2100 SW 9th Avesingle_family222,565$2,800,0002026-05-14
441 SW 27th Rdsingle_family442,332$1,650,0002026-05-13
998 SW 11th Stsingle_family542,108$1,370,0002026-05-13
159 SW 25th Rdsingle_family432,296$1,335,0002026-05-06
620 SW 27th Rdsingle_family221,257$1,350,0002026-04-15
45 SW 19th Rdsingle_family553,178$2,900,0002026-03-27
1852 SW 2nd Avesingle_family312,377$1,150,0002026-03-17
40 SW 30th Rdsingle_family322,303$1,700,0002026-03-16
2323 SW 2nd Avesingle_family554,808$4,850,0002026-03-13
3001 SW 4th Avesingle_family433,049$1,940,0002026-03-09
201 SW 30th Rdsingle_family322,037$1,495,0002026-03-05
100 SW 30th Rdsingle_family321,839$1,250,0002026-02-23
445 SW 24th Rdsingle_family432,167$1,150,0002026-02-13
1815 SW 12th Avesingle_family322,400$780,0002026-02-12
1928 S Miami Avesingle_family424,144$838,0002026-02-10
1739 SW 12th Avesingle_family422,410$1,600,0002026-02-03
257 SW 32nd Rdsingle_family543,300$2,000,0002026-01-31
531 SW 23rd Rdsingle_family432,086$1,600,0002026-01-23
2700 SW 4th Avesingle_family432,722$1,525,0002026-01-23
1020 SW 22nd Stsingle_family331,870$1,255,0002026-01-16
1564 SW 12th Avesingle_family322,332$1,500,0002026-01-09
326 SW 20th Rdsingle_family442,280$1,485,0002026-01-06
340 SW 25th Rdsingle_family442,229$1,150,0002025-12-30
701 SW 24th Rdsingle_family453,875$2,750,0002025-12-30
1575 SW 12th Avesingle_family421,479$1,200,0002025-12-30
47 SW 21st Rdsingle_family442,220$1,925,0002025-12-22
420 SW 19th Rdsingle_family333,178$1,850,0002025-12-17
431 SW 20th Rdsingle_family321,672$1,420,0002025-12-12
2301 S Miami Avesingle_family322,686$1,500,0002025-12-08
1150 SW 22nd Tersingle_family432,725$1,816,0002025-12-04
910 SW 23rd Rdsingle_family332,006$1,725,0002025-11-25

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
135 SW 29th Rdsingle_family684,287$5,600,000
2130 S Miami Avesingle_family675,890$7,949,950
3120 Brickell Avesingle_family676,000$14,900,000
2100 S Miami Avesingle_family675,350$7,850,000
175 SE 25th Rd Unit UPH01condos677,084$31,000,000

10-year hold projection

IRR-5.9%
Equity multiple0.00x
Total return (10yr)-$1,176,000
YearProperty valueNOICash flowLoan balanceEquity
1$10,248,500$41,940-$589,747$7,873,696$2,374,804
2$10,555,955$44,631-$587,503$7,781,465$2,774,490
3$10,872,634$47,438-$585,153$7,682,901$3,189,733
4$11,198,813$50,366-$582,694$7,577,568$3,621,244
5$11,534,777$53,420-$580,121$7,465,002$4,069,775
6$11,880,820$56,604-$577,429$7,344,706$4,536,114
7$12,237,245$59,922-$574,615$7,216,149$5,021,096
8$12,604,362$63,381-$571,674$7,078,764$5,525,598
9$12,982,493$66,986-$568,600$6,931,945$6,050,548
10$13,371,968$70,740-$565,389$6,775,043$6,596,925
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.