3131 NE 7th Ave Unit 5003
Miami, FL 33137 · condos · For Sale · 119 days on market
Asking price$4,150,000
5 beds 6 baths 2,887 sqft
Suggested offer$1,728,476$2,421,524 above the est. market value of $1,728,476.
View on Realtor.com →Listed by Felise Eber · Coldwell Banker Realty
Typecondos
Built2018
Price / sqft$1437
Est. value (own analysis)$1,728,476
Rent estimate (own analysis)$10,630/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood9/10extreme$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-05-06
Removed date—
MLSMiamiMLS #A12006042
Coordinates25.80738, -80.18586
Address3131 NE 7th Ave Unit 5003
CityMiami
StateFL
Zip33137
Listing ID6974544159
Sourceus-real-estate-listings, cached 2026-08-30
ZIP market snapshot (33137)
Typical home value (ZHVI)$682,165
Typical rent (ZORI)$3,560/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 | $4,150,000 |
| Down payment (20.0%) | $830,000 |
| Loan amount | $3,320,000 |
| Closing costs (5.0%) | $207,500 |
| Total cash to close | $1,037,500 |
| Income | |
| Rent (comp-derived) | $10,630$127,560 |
| Vacancy loss (8.0%) | |
| Effective gross income | $9,780$117,355 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $6,571$78,850 |
| Insurance (est. scaled by flood & wind risk) | $6,087$73,040 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $532$6,378 |
| Total operating expenses | $13,189$158,268 |
| 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) | $532$6,378 |
| 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
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| condos | 5 | 6 | 3,575 | $39,500 | 2026-08-05 | — | |
| apartment | 5 | 4 | 2,108 | $8,710 | 2026-09-01 | — | |
| condos | 5 | 7 | 3,608 | $18,000 | 2026-06-08 | — | |
| apartment | 5 | 3 | 2,321 | $2,500 | 2026-06-05 | — | |
| condos | 5 | 2 | 1,900 | $3,700 | 2026-06-02 | — | |
| condos | 5 | 2 | 2,000 | $3,800 | 2026-05-22 | — | |
| condos | 5 | 5 | 3,420 | $14,800 | 2026-07-30 | — | |
| condos | 5 | 6 | 3,004 | $12,550 | 2026-04-15 | — | |
| condos | 5 | 6 | 3,663 | $45,000 | 2026-04-10 | — | |
| condos | 5 | 3 | 1,935 | $3,400 | 2026-08-27 | — |
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.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 700 NE 24th St Unit 2206 | condos | 2 | 3 | 1,738 | $1,535,000 | 2026-08-31 |
| 2020 N Bayshore Dr Unit 103 | condos | 2 | 2 | 1,637 | $823,000 | 2026-08-31 |
| 700 NE 24th St Unit 1806 | condos | 2 | 3 | 1,545 | $1,540,000 | 2026-08-31 |
| 3301 NE 1st Ave Apt L0304 | condos | 1 | 2 | 711 | $385,000 | 2026-08-27 |
| 3301 NE 1st Ave Apt M0503 | condos | 1 | 2 | 1,328 | $582,000 | 2026-08-26 |
| 501 NE 31st St Unit 2903 | condos | 1 | 2 | 662 | $440,000 | 2026-08-24 |
| 665 NE 25th St Apt 802 | condos | 2 | 3 | 1,331 | $770,000 | 2026-08-24 |
| 2900 NE 7th Ave Unit 504 | condos | 1 | 2 | 1,029 | $699,510 | 2026-08-24 |
| 350 NE 24th St Apt 814 | condos | 1 | 1 | 679 | $307,500 | 2026-08-21 |
| 90 NE 32nd St Unit 213 | condos | 0 | 1 | 462 | $525,000 | 2026-08-18 |
| 481 NE 29th St Unit 604 | condos | 2 | 2 | 837 | $450,000 | 2026-08-18 |
| 460 NE 28th St Apt 1602 | condos | 1 | 1 | 854 | $530,000 | 2026-08-17 |
| 350 NE 24th St Apt 1109 | condos | 2 | 2 | 1,020 | $465,000 | 2026-08-14 |
| 501 NE 31st St Unit 1709 | condos | 2 | 2 | 944 | $540,000 | 2026-08-14 |
| 2001 Biscayne Blvd Apt 2306 | condos | 1 | 1 | 706 | $352,000 | 2026-08-13 |
| 700 NE 25th St Apt 2002 | condos | 2 | 2 | 1,234 | $707,500 | 2026-08-12 |
| 3470 E Coast Ave Apt H1714 | condos | 2 | 3 | 1,088 | $650,000 | 2026-08-10 |
| 3301 NE 1st Ave Apt H2405 | condos | 1 | 2 | 761 | $363,000 | 2026-08-10 |
| 2200 NE 4th Ave Apt 1002 | condos | 2 | 2 | 950 | $397,000 | 2026-08-07 |
| 700 NE 25th St Apt 1003 | condos | 2 | 2 | 1,382 | $700,000 | 2026-08-06 |
| 321 NE 26th St Unit 802 | condos | 1 | 1 | 560 | $336,000 | 2026-08-06 |
| 601 NE 36th St Apt 2908 | condos | 1 | 2 | 761 | $490,000 | 2026-08-03 |
| 700 NE 24th St Unit 5401 | condos | 5 | 6 | — | $2,750,000 | 2026-08-01 |
| 3301 NE 1st Ave Apt L0302 | condos | 1 | 2 | 711 | $370,000 | 2026-07-31 |
| 460 NE 28th St Apt 2405 | condos | 2 | 2 | 1,143 | $740,000 | 2026-07-31 |
| 2000 N Bayshore Dr Apt 1402 | condos | 3 | 2 | 1,332 | $535,000 | 2026-07-31 |
| 2900 NE 7th Ave Unit 906 | condos | 2 | 2 | 912 | $740,000 | 2026-07-30 |
| 700 NE 24th St Unit 3201 | condos | 4 | 6 | 2,686 | $2,800,000 | 2026-07-30 |
| 2020 N Bayshore Dr Apt 1204 | condos | 2 | 2 | 1,135 | $880,000 | 2026-07-27 |
| 3131 NE 7th Ave Unit 304 | condos | 3 | 4 | 1,526 | $1,025,000 | 2026-07-24 |
| 650 NE 32nd St Unit 2201 | condos | 3 | 4 | 1,646 | $1,390,000 | 2026-07-24 |
| 3131 NE 7th Ave Unit 3605 | condos | 2 | 2 | 1,088 | $1,133,000 | 2026-07-23 |
| 121 NE 34th St Unit 2311 | condos | 1 | 1 | 612 | $430,000 | 2026-07-22 |
| 600 NE 27th St Apt 2304 | condos | 3 | 3 | 1,584 | $845,000 | 2026-07-15 |
| 700 NE 24th St Unit 4801 | condos | 4 | 6 | 2,686 | $2,750,000 | 2026-07-14 |
| 480 NE 31st St Unit 3404 | condos | 2 | 3 | 1,186 | $930,000 | 2026-07-13 |
| 3451 NE 1st Ave Apt M0706 | condos | 2 | 2 | 1,072 | $615,000 | 2026-07-13 |
| 480 NE 31st St Unit 3007 | condos | 3 | 3 | 1,649 | $1,325,000 | 2026-07-10 |
| 700 NE 24th St Unit 3606 | condos | 2 | 3 | — | $1,525,000 | 2026-07-10 |
| 3470 E Coast Ave Apt H0603 | condos | 1 | 1 | 664 | $299,000 | 2026-07-09 |
| 3470 E Coast Ave Apt H2403 | condos | 1 | 2 | 735 | $435,000 | 2026-07-09 |
| 601 NE 27th St Apt 1202 | condos | 2 | 2 | 1,226 | $625,000 | 2026-07-08 |
| 2275 Biscayne Blvd Apt 504 | condos | 2 | 2 | 1,265 | $400,000 | 2026-07-08 |
| 700 NE 24th St Unit 2402 | condos | 2 | 3 | 1,542 | $1,490,000 | 2026-07-06 |
| 700 NE 26th Ter Unit 2205 | condos | 2 | 2 | 955 | $995,000 | 2026-07-06 |
| 3470 E Coast Ave Apt H0704 | condos | 2 | 2 | 1,242 | $730,000 | 2026-07-02 |
| 121 NE 34th St Unit 1416 | condos | 2 | 2 | 864 | $585,000 | 2026-07-01 |
| 2000 N Bayshore Dr Apt 307 | condos | 2 | 2 | 988 | $395,000 | 2026-06-29 |
| 3900 Biscayne Blvd Unit N1011 | condos | 1 | 1 | 636 | $465,000 | 2026-06-29 |
| 2900 NE 7th Ave Unit 3701 | condos | 2 | 3 | 1,060 | $800,000 | 2026-06-26 |
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 |
|---|---|---|---|---|---|---|
| 700 NE 24th St Unit 6003 | condos | 5 | 6 | 5,010 | $7,695,000 | — |
| 700 NE 26th Ter Ph 2 | condos | 5 | 7 | 6,834 | $6,500,000 | — |
| 547 NE 57th St | single_family | 5 | 6 | 4,658 | $6,380,000 | — |
| 5261 NE 5th Ave | single_family | 5 | 6 | 4,142 | $5,950,000 | — |
| 460 NE 28th St Apt 4002 | condos | 5 | 4 | 2,248 | $2,175,000 | — |
| 680 Buttonwood Ln | single_family | 5 | 6 | 3,645 | $10,800,000 | — |
| 280 NE 48th Ter | single_family | 5 | 3 | 1,682 | $1,550,000 | — |
| 788 NE 23rd St Unit 3801 | condos | 5 | 6 | 3,966 | $5,775,000 | — |
10-year hold projection
IRR-9.5%
Equity multiple-0.62x
Total return (10yr)-$1,137,991
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $4,274,500 | -$40,913 | -$303,313 | $3,284,004 | $990,496 |
| 2 | $4,402,735 | -$41,349 | -$303,909 | $3,245,536 | $1,157,199 |
| 3 | $4,534,817 | -$41,778 | -$304,502 | $3,204,426 | $1,330,391 |
| 4 | $4,670,862 | -$42,200 | -$305,091 | $3,160,494 | $1,510,368 |
| 5 | $4,810,987 | -$42,614 | -$305,677 | $3,113,544 | $1,697,443 |
| 6 | $4,955,317 | -$43,019 | -$306,258 | $3,063,370 | $1,891,947 |
| 7 | $5,103,977 | -$43,414 | -$306,833 | $3,009,751 | $2,094,225 |
| 8 | $5,257,096 | -$43,799 | -$307,403 | $2,952,450 | $2,304,646 |
| 9 | $5,414,809 | -$44,172 | -$307,966 | $2,891,214 | $2,523,595 |
| 10 | $5,577,253 | -$44,533 | -$308,521 | $2,825,772 | $2,751,481 |
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.