821 NW 36th Ave
Miami, FL 33125 · multi_family · For Sale · 69 days on market
Asking price$1,040,500
6 beds 3 baths 2,404 sqft
Suggested offer$729,013$311,487 above the est. market value of $729,013.
View on Realtor.com →Listed by Harold Blake · Wolsen Real Estate Inc
Typemulti_family
Built1952
Price / sqft$433
Est. value (own analysis)$729,013
Rent estimate (building total, own analysis)$6,875/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood4/10moderate$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-06-25
Removed date—
MLSMiamiMLS #A12026800
Coordinates25.78022, -80.25383
Address821 NW 36th Ave
CityMiami
StateFL
Zip33125
Listing ID6917331341
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 | $1,040,500 |
| Down payment (20.0%) | $208,100 |
| Loan amount | $832,400 |
| Closing costs (5.0%) | $52,025 |
| Total cash to close | $260,125 |
| Income | |
| Rent (estimate) | $6,875$82,505 |
| Vacancy loss (8.0%) | |
| Effective gross income | $6,325$75,905 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,647$19,770 |
| Insurance (est. scaled by flood & wind risk) | $1,110$13,318 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $344$4,125 |
| Total operating expenses | $3,101$37,213 |
| 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) | $344$4,125 |
| 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 | — |
| 1237 NW 33rd Ave | multi_family | 6 | 3 | 2,060 | $795,000 | — |
| 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
IRR2.6%
Equity multiple1.43x
Total return (10yr)$246,886
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,071,715 | $38,692 | -$29,624 | $823,375 | $248,340 |
| 2 | $1,103,866 | $40,039 | -$28,381 | $813,730 | $290,136 |
| 3 | $1,136,982 | $41,430 | -$27,094 | $803,423 | $333,560 |
| 4 | $1,171,092 | $42,869 | -$25,764 | $792,408 | $378,684 |
| 5 | $1,206,225 | $44,355 | -$24,389 | $780,636 | $425,588 |
| 6 | $1,242,411 | $45,891 | -$22,967 | $768,057 | $474,355 |
| 7 | $1,279,684 | $47,479 | -$21,496 | $754,613 | $525,071 |
| 8 | $1,318,074 | $49,119 | -$19,976 | $740,246 | $577,828 |
| 9 | $1,357,617 | $50,813 | -$18,404 | $724,893 | $632,724 |
| 10 | $1,398,345 | $52,564 | -$16,778 | $708,485 | $689,860 |
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.