2765 Brickell Ct

Miami, FL 33129 · single_family · For Sale · 33 days on market
Asking price$5,295,000
5 beds 6 baths 4,236 sqft
Suggested offer$3,590,979$1,704,021 above the est. market value of $3,590,979.
View on Realtor.com →
Listed by Sky Gillespie · Compass Florida - Palm Beach Gardens
Typesingle_family
Built1996
Price / sqft$1250
Est. value (own analysis)$3,590,979
Rent estimate (own analysis)$25,000/mo
HOA$117/mo
Street view
View full map & nearby schools →

Neighborhood

Show every detail
Statusfor_sale
Listed date2026-07-31
Removed date
MLSBeachesMLS #B26058873
Coordinates25.74991, -80.20572
Address2765 Brickell Ct
CityMiami
StateFL
Zip33129
Listing ID6901631038
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$5,295,000
Down payment (20.0%)$1,059,000
Loan amount$4,236,000
Closing costs (5.0%)$264,750
Total cash to close$1,323,750
Rent (comp-derived)$25,000$300,000
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$300,000
Vacancy rate (assumption) assumption8.0%

$300,000 × 8.0% = $24,000

Effective gross income$23,000$276,000
Property tax (placeholder 1.9% of price)$8,384$100,605
Insurance (placeholder 0.8% of price)$3,530$42,360
HOA dues$117$1,404
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$1,250$15,000
Total operating expenses$13,281$159,369
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$276,000
Total operating expenses derived$159,369

$276,000 − $159,369 = $116,631

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$4,236,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$4,236,000 amortized at 6.7% over 30 years = $27,222/mo

CapEx reserve (5.0% of GSR)$1,250$15,000
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$116,631
Annual debt service derived$326,660
Annual CapEx reserve assumption$15,000
Annual PMI assumption$0

($116,631 − $326,660 − $15,000 − $0) ÷ 12 = -$18,752

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$116,631
Purchase price data$5,295,000

$116,631 ÷ $5,295,000 = 2.2%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$225,029
Total cash to close derived$1,323,750

-$225,029 ÷ $1,323,750 = -17.0%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$116,631
Annual debt service derived$326,660

$116,631 ÷ $326,660 = 0.36

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$300,000
Purchase price data$5,295,000

($300,000 ÷ 12) ÷ $5,295,000 = 0.5%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$5,295,000
Gross scheduled rent (annual) comp$300,000

$5,295,000 ÷ $300,000 = 17.6

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$159,369
Effective gross income derived$276,000

$159,369 ÷ $276,000 = 57.7%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$159,369
Annual debt service derived$326,660
Annual PMI assumption$0
Gross scheduled rent (annual) comp$300,000

($159,369 + $326,660 + $0) ÷ $300,000 = 162.0%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family533,558$10,8002026-07-25
single_family553,698$25,0002025-11-17
single_family564,250$55,0002025-11-16

244 SW 28th Rd Unit 0

Miami, 33129 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage3,558
Listed2026-07-25
Days on market

Asking rent: $10,800

View on Zillow →

2760 Brickell Ct Unit 2760

Miami, 33129 · rent comp

Bedrooms / bathrooms5 bd / 5 ba
Square footage3,698
Listed2025-11-17
Days on market

Asking rent: $25,000

View on Zillow →

77 SW 18th Ter

Miami, 33129 · rent comp

Bedrooms / bathrooms5 bd / 6 ba
Square footage4,250
Listed2025-11-16
Days on market

Asking rent: $55,000

View on Zillow →

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
3001 S Miami Avesingle_family543,126$2,650,0002026-08-12
998 SW 11th Stsingle_family542,108$1,370,0002026-05-13
45 SW 19th Rdsingle_family553,178$2,900,0002026-03-27
2323 SW 2nd Avesingle_family554,808$4,850,0002026-03-13
257 SW 32nd Rdsingle_family543,300$2,000,0002026-01-31

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
175 SE 25th Rd Apt 4202condos574,735$10,800,000
125 SW 29th Rdsingle_family574,509$5,800,000
1120 SW 12th Stmulti_family533,304$1,150,000
175 SE 25th Rd Apt 4301condos564,725$10,000,000
35 SW 22nd Rdsingle_family56$6,199,900
2127 Brickell Ave Apt 3602condos564,435$7,200,000
175 SE 25th St Ph 4302condos574,735$9,100,000
175 SE 25th Rd Apt 4001condos564,725$10,200,000

10-year hold projection

IRR-1.4%
Equity multiple0.78x
Total return (10yr)$395,532
YearProperty valueNOICash flowLoan balanceEquity
1$5,453,850$116,631-$225,029$4,190,072$1,263,778
2$5,617,466$120,927-$221,108$4,140,991$1,476,475
3$5,785,989$125,371-$217,048$4,088,539$1,697,451
4$5,959,569$129,970-$212,844$4,032,485$1,927,085
5$6,138,356$134,727-$208,490$3,972,581$2,165,775
6$6,322,507$139,648-$203,983$3,908,564$2,413,943
7$6,512,182$144,739-$199,316$3,840,151$2,672,031
8$6,707,548$150,006-$194,485$3,767,040$2,940,507
9$6,908,774$155,453-$189,483$3,688,909$3,219,865
10$7,116,037$161,087-$184,306$3,605,412$3,510,626
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.