2483 SW 24th St

Miami, FL 33145 · single_family · For Sale · 18 days on market
Asking price$1,590,000
3 beds 2 baths 1,845 sqft
Suggested offer$1,032,548$557,452 above the est. market value of $1,032,548.
View on Realtor.com →
Listed by Alex Otero · All Luxury Realty Llc
Typesingle_family
Built1937
Price / sqft$862
Est. value (own analysis)$1,032,548
Rent estimate (own analysis)$5,500/mo
HOANone
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Neighborhood

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Statusfor_sale
Listed date2026-08-15
Removed date
MLSMiamiMLS #A12064064
Coordinates25.74748, -80.23584
Address2483 SW 24th St
CityMiami
StateFL
Zip33145
Listing ID6902313197
Sourceus-real-estate-listings, cached 2026-08-31

ZIP market snapshot (33145)

Typical home value (ZHVI)$735,527
Typical rent (ZORI)$3,018/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$1,590,000
Down payment (20.0%)$318,000
Loan amount$1,272,000
Closing costs (5.0%)$79,500
Total cash to close$397,500
Rent (comp-derived)$5,500$66,000
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$66,000
Vacancy rate (assumption) assumption8.0%

$66,000 × 8.0% = $5,280

Effective gross income$5,060$60,720
Property tax (placeholder 1.9% of price)$2,518$30,210
Insurance (placeholder 0.8% of price)$1,060$12,720
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$275$3,300
Total operating expenses$3,853$46,230
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$60,720
Total operating expenses derived$46,230

$60,720 − $46,230 = $14,490

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$1,272,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$1,272,000 amortized at 6.7% over 30 years = $8,174/mo

CapEx reserve (5.0% of GSR)$275$3,300
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$14,490
Annual debt service derived$98,091
Annual CapEx reserve assumption$3,300
Annual PMI assumption$0

($14,490 − $98,091 − $3,300 − $0) ÷ 12 = -$7,242

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$14,490
Purchase price data$1,590,000

$14,490 ÷ $1,590,000 = 0.9%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$86,901
Total cash to close derived$397,500

-$86,901 ÷ $397,500 = -21.9%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$14,490
Annual debt service derived$98,091

$14,490 ÷ $98,091 = 0.15

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$66,000
Purchase price data$1,590,000

($66,000 ÷ 12) ÷ $1,590,000 = 0.3%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$1,590,000
Gross scheduled rent (annual) comp$66,000

$1,590,000 ÷ $66,000 = 24.1

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$46,230
Effective gross income derived$60,720

$46,230 ÷ $60,720 = 76.1%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$46,230
Annual debt service derived$98,091
Annual PMI assumption$0
Gross scheduled rent (annual) comp$66,000

($46,230 + $98,091 + $0) ÷ $66,000 = 218.7%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family311,350$2,7002026-08-21
single_family322,180$3,5002026-08-20
single_family321,554$4,5002026-08-07
single_family321,809$4,3002026-08-07
single_family321,600$6,0002026-08-07
single_family331,519$6,0002026-08-07
single_family331,500$5,5002026-08-07
single_family331,500$5,5002026-08-07
single_family331,627$5,5002026-07-27
single_family321,335$6,0002026-06-18
single_family322,117$3,5002026-07-31
single_family321,660$8,9752026-03-02
single_family322,060$3,700

3072 SW 16th St Unit 3

Miami, 33145 · rent comp

Bedrooms / bathrooms3 bd / 1 ba
Square footage1,350
Listed2026-08-21
Days on market

Asking rent: $2,700

View on Zillow →

1906 SW 21st St

Miami, 33145 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage2,180
Listed2026-08-20
Days on market

Asking rent: $3,500

View on Zillow →

3351 SW 18th St Unit 3351

Miami, 33145 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,554
Listed2026-08-07
Days on market

Asking rent: $4,500

View on Zillow →

2424 SW 21st Ter Unit Main

Miami, 33145 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,809
Listed2026-08-07
Days on market

Asking rent: $4,300

View on Zillow →

1950 SW 13th St

Miami, 33145 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,600
Listed2026-08-07
Days on market

Asking rent: $6,000

View on Zillow →

1450 SW 20th Ave

Miami, 33145 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,519
Listed2026-08-07
Days on market

Asking rent: $6,000

View on Zillow →

1654 SW 18th Ave

Miami, 33145 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,500
Listed2026-08-07
Days on market

Asking rent: $5,500

View on Zillow →

1654 SW 18th Ave # 1

Miami, 33145 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,500
Listed2026-08-07
Days on market

Asking rent: $5,500

View on Zillow →

2240 SW 24th Ave

Miami, 33145 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,627
Listed2026-07-27
Days on market

Asking rent: $5,500

View on Zillow →

2434 SW 15th St Unit 2434

Miami, 33145 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,335
Listed2026-06-18
Days on market

Asking rent: $6,000

View on Zillow →

1779 SW 16th Ter

Miami, 33145 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage2,117
Listed2026-07-31
Days on market

Asking rent: $3,500

View on Zillow →

1860 SW 13th St

Miami, 33145 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,660
Listed2026-03-02
Days on market

Asking rent: $8,975

View on Zillow →

3260 SW 23rd Ter # 0

Miami, 33145 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage2,060
Listed
Days on market

Asking rent: $3,700

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
2830 SW 17th Stsingle_family321,187$750,0002026-08-11
2110 SW 15th Stsingle_family321,378$860,0002026-08-05
2190 SW 20th Stsingle_family321,640$1,025,0002026-07-31
1820 SW 25th Avesingle_family32960$515,0002026-07-22
2101 SW 16th Tersingle_family341,649$930,0002026-07-17
3261 SW 16th Lnsingle_family332,001$1,599,0002026-06-30
2355 SW 36th Avesingle_family321,068$720,0002026-06-29
2508 SW 19th Tersingle_family321,024$695,0002026-06-24
2360 SW 22nd Tersingle_family311,159$650,0002026-06-17
1211 SW 19th Stsingle_family321,980$937,7002026-06-12
2225 SW 19th Avesingle_family321,898$1,430,0002026-06-11
3111 SW 15th Stsingle_family321,349$1,025,0002026-06-05
3121 SW 21st Tersingle_family321,447$890,0002026-06-03
1200 SW 18th Stsingle_family332,778$1,680,0002026-06-02
1701 SW 29th Avesingle_family332,249$897,1902026-05-29
1980 SW 32nd Avesingle_family321,707$670,0002026-05-29
3416 SW 16th Stsingle_family321,309$518,0002026-05-19
2258 SW 15th Stsingle_family331,517$650,0002026-05-15
2945 SW 16th Stsingle_family311,156$619,0002026-05-06
1937 SW 16th Avesingle_family311,475$862,7002026-04-20
1786 SW 14th Tersingle_family321,274$785,0002026-04-10
3681 SW 21st Stsingle_family321,284$925,0002026-04-09
2949 SW 14th Stsingle_family32$839,0002026-03-31
2356 SW 24th Stsingle_family321,685$1,075,0002026-03-31
1929 SW 21st Stsingle_family321,683$712,0002026-03-18
2460 SW 24th Stsingle_family321,232$900,0002026-03-16
1660 SW 32nd Ctsingle_family322,117$1,700,0002026-03-09
2420 SW 24th Stsingle_family343,444$2,250,0002026-03-06
1429 SW 15th Stsingle_family321,607$1,120,0002026-03-04
3621 SW 13th Stsingle_family321,356$550,0002026-03-03
1344 SW 18th Stsingle_family332,857$1,450,0002026-02-26
2256 SW 16th Ctsingle_family323,123$1,310,0002026-02-24
3310 SW 21st Stsingle_family321,284$810,0002026-02-13
2818 SW 19th Stsingle_family331,506$815,0002026-02-13
3510 SW 13th Stsingle_family321,668$775,0002026-02-12
3410 SW 21st Stsingle_family321,522$790,0002026-02-11
1512 SW 14th Tersingle_family332,433$825,0002026-02-06
2464 SW 24th Stsingle_family321,473$1,200,0002026-01-15
2317 SW 23rd Stsingle_family333,817$2,099,9002026-01-13
2121 SW 30th Ctsingle_family341,694$742,0002026-01-09
1540 SW 20th Avesingle_family321,408$765,0002025-12-19
2271 SW 19th Tersingle_family321,529$855,7002025-12-17
3324 SW 20th Stsingle_family321,601$780,0002025-12-12
1621 SW 32nd Ctsingle_family321,917$970,0002025-12-04
1456 SW 13th Stsingle_family332,192$1,485,0002025-12-03
2221 SW 13th Stsingle_family321,715$630,0002025-11-12
3149 SW 16th Stsingle_family322,420$770,0002025-11-07
2190 SW 16th Stsingle_family322,025$849,0002025-10-27
2340 SW 17th Avesingle_family331,910$830,0002025-10-15
3025 SW 13th Stsingle_family321,176$745,0002025-10-15

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
2800 SW 16th Termulti_family331,535$695,000
1431 SW 20th Sttownhomes342,237$1,579,000
2831 SW 21st Tersingle_family331,855$1,200,000
3210 SW 19th Tersingle_family321,549$1,300,000
2180 SW 20th Stsingle_family331,727$1,295,000
2500 SW 23rd Tersingle_family331,424$1,150,000
1519 SW 22nd Ter Unit 1519townhomes342,452$1,699,000
1419 SW 14th Tersingle_family332,132$1,395,000

10-year hold projection

IRR-4.7%
Equity multiple0.22x
Total return (10yr)-$103,541
YearProperty valueNOICash flowLoan balanceEquity
1$1,637,700$14,490-$86,901$1,258,209$379,491
2$1,686,831$15,156-$86,317$1,243,470$443,361
3$1,737,436$15,847-$85,710$1,227,720$509,716
4$1,789,559$16,566-$85,079$1,210,888$578,671
5$1,843,246$17,312-$84,421$1,192,900$650,346
6$1,898,543$18,086-$83,738$1,173,677$724,866
7$1,955,499$18,890-$83,027$1,153,134$802,366
8$2,014,164$19,725-$82,288$1,131,180$882,985
9$2,074,589$20,592-$81,520$1,107,718$966,871
10$2,136,827$21,491-$80,721$1,082,646$1,054,181
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.