7004 NE 5th Ave
Miami, FL 33138 · townhomes · For Sale · 60 days on market
Asking price$1,200,000
3 beds 3 baths 3,772 sqft
Suggested offer$1,045,508$154,492 above the est. market value of $1,045,508.
View on Realtor.com →Listed by Grehyni Narvaez · Avanti Way
Typetownhomes
Built2012
Price / sqft$318
Est. value (Zillow, adjusted)$1,045,508
Rent estimate (own analysis)$6,050/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood4/10moderate$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-07-04
Removed date—
MLSMiamiMLS #A12047902
Coordinates25.83986, -80.18674
Address7004 NE 5th Ave
CityMiami
StateFL
Zip33138
Listing ID6986611263
Sourceus-real-estate-listings, cached 2026-08-30
ZIP market snapshot (33138)
Typical home value (ZHVI)$806,988
Typical rent (ZORI)$2,367/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 | $1,200,000 |
| Down payment (20.0%) | $240,000 |
| Loan amount | $960,000 |
| Closing costs (5.0%) | $60,000 |
| Total cash to close | $300,000 |
| Income | |
| Rent (comp-derived) | $6,050$72,600 |
| Vacancy loss (8.0%) | |
| Effective gross income | $5,566$66,792 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,900$22,800 |
| Insurance (est. scaled by flood & wind risk) | $1,280$15,360 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $303$3,630 |
| Total operating expenses | $3,483$41,790 |
| 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) | $303$3,630 |
| 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.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| townhomes | 3 | 3 | 2,622 | $6,050 | 2026-07-01 | — | |
| townhomes | 3 | 3 | 952 | $3,400 | 2026-08-10 | — | |
| townhomes | 3 | 3 | 952 | $2,600 | 2026-08-12 | — | |
| townhomes | 3 | 4 | 2,200 | $20,000 | 2026-08-28 | — | |
| townhomes | 3 | 3 | 2,200 | $18,000 | 2026-09-01 | — |
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 |
|---|---|---|---|---|---|---|
| 5021 NE London Walk Ter Unit 50 | townhomes | 3 | 3 | 3,500 | $2,300,000 | 2026-08-05 |
| 1503 NE 105th St Unit 1-10 | townhomes | 2 | 3 | 1,507 | $415,000 | 2026-05-15 |
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.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 1000 Quayside Ter Apt 901 | condos | 3 | 3 | 1,913 | $729,000 | — |
| 725 NE 81st St | single_family | 3 | 2 | 1,732 | $1,400,000 | — |
| 742 NE 82nd Ter | single_family | 3 | 3 | 1,432 | $1,300,000 | — |
| 1000 Quayside Ter Apt 1901 | condos | 3 | 3 | 1,913 | $649,000 | — |
| 8920 NE 9th Ct | single_family | 3 | 3 | 2,016 | $1,555,000 | — |
| 711 NE 72nd Ter | single_family | 3 | 2 | 1,514 | $1,549,000 | — |
| 830 NE 83rd St | single_family | 3 | 2 | 1,494 | $975,000 | — |
| 510 NE 72nd St | single_family | 3 | 2 | 1,725 | $895,000 | — |
10-year hold projection
IRR-1.7%
Equity multiple0.72x
Total return (10yr)$72,141
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,236,000 | $25,002 | -$52,659 | $949,591 | $286,409 |
| 2 | $1,273,080 | $25,961 | -$51,790 | $938,468 | $334,612 |
| 3 | $1,311,272 | $26,954 | -$50,890 | $926,581 | $384,691 |
| 4 | $1,350,611 | $27,982 | -$49,958 | $913,878 | $436,733 |
| 5 | $1,391,129 | $29,047 | -$48,991 | $900,302 | $490,827 |
| 6 | $1,432,863 | $30,149 | -$47,989 | $885,794 | $547,069 |
| 7 | $1,475,849 | $31,290 | -$46,951 | $870,289 | $605,559 |
| 8 | $1,520,124 | $32,471 | -$45,875 | $853,720 | $666,404 |
| 9 | $1,565,728 | $33,693 | -$44,760 | $836,013 | $729,715 |
| 10 | $1,612,700 | $34,958 | -$43,606 | $817,090 | $795,609 |
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.