9001 NW 32nd Court Rd

Miami, FL 33147 · single_family · For Sale · 54 days on market
Asking price$599,998
5 beds 3 baths 1,449 sqft
Suggested offer$479,484$120,514 above the est. market value of $479,484.
View on Realtor.com →
Listed by Benji Joseph · Bayview Realty Inc.
Typesingle_family
Built1953
Price / sqft$414
Est. value (own analysis)$479,484
Rent estimate (own analysis)$5,350/mo
HOANone
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Neighborhood

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Statusfor_sale
Listed date2026-07-11
Removed date
MLSBeachesMLS #B26051128
Coordinates25.85563, -80.25146
Address9001 NW 32nd Court Rd
CityMiami
StateFL
Zip33147
Listing ID6990256236
Sourceus-real-estate-listings, cached 2026-08-31

ZIP market snapshot (33147)

Typical home value (ZHVI)$444,132
Typical rent (ZORI)$2,154/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$599,998
Down payment (20.0%)$120,000
Loan amount$479,998
Closing costs (5.0%)$30,000
Total cash to close$150,000
Rent (comp-derived)$5,350$64,200
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$64,200
Vacancy rate (assumption) assumption8.0%

$64,200 × 8.0% = $5,136

Effective gross income$4,922$59,064
Property tax (placeholder 1.9% of price)$950$11,400
Insurance (placeholder 0.8% of price)$400$4,800
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$268$3,210
Total operating expenses$1,618$19,410
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$59,064
Total operating expenses derived$19,410

$59,064 − $19,410 = $39,654

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$479,998
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$479,998 amortized at 6.7% over 30 years = $3,085/mo

CapEx reserve (5.0% of GSR)$268$3,210
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$39,654
Annual debt service derived$37,015
Annual CapEx reserve assumption$3,210
Annual PMI assumption$0

($39,654 − $37,015 − $3,210 − $0) ÷ 12 = -$48

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$39,654
Purchase price data$599,998

$39,654 ÷ $599,998 = 6.6%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$571
Total cash to close derived$150,000

-$571 ÷ $150,000 = -0.4%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$39,654
Annual debt service derived$37,015

$39,654 ÷ $37,015 = 1.07

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$64,200
Purchase price data$599,998

($64,200 ÷ 12) ÷ $599,998 = 0.9%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$599,998
Gross scheduled rent (annual) comp$64,200

$599,998 ÷ $64,200 = 9.3

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$19,410
Effective gross income derived$59,064

$19,410 ÷ $59,064 = 32.9%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$19,410
Annual debt service derived$37,015
Annual PMI assumption$0
Gross scheduled rent (annual) comp$64,200

($19,410 + $37,015 + $0) ÷ $64,200 = 87.9%

Comparables

Widened to city-wide. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family521,729$3,9502026-07-10
single_family521,747$3,6002026-06-24
single_family531,462$5,0002026-04-29
single_family541,334$5,9002026-07-27
single_family531,940$18,0002026-08-25
single_family521,500$4,400
single_family531,752$5,800
single_family521,898$5,7002026-08-31

1820 SW 98th Ct

Miami, 33165 · rent comp

Bedrooms / bathrooms5 bd / 2 ba
Square footage1,729
Listed2026-07-10
Days on market

Asking rent: $3,950

View on Zillow →

1101 NW 55th Ter

Miami, 33127 · rent comp

Bedrooms / bathrooms5 bd / 2 ba
Square footage1,747
Listed2026-06-24
Days on market

Asking rent: $3,600

View on Zillow →

4034 NW 23rd Ave Unit 0

Miami, 33142 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage1,462
Listed2026-04-29
Days on market

Asking rent: $5,000

View on Zillow →

5700 N Miami Ave

Miami, 33127 · rent comp

Bedrooms / bathrooms5 bd / 4 ba
Square footage1,334
Listed2026-07-27
Days on market

Asking rent: $5,900

View on Zillow →

400 NW 49th St Unit 0

Miami, 33127 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage1,940
Listed2026-08-25
Days on market

Asking rent: $18,000

View on Zillow →

113 NW 35th St # 113

Miami, 33127 · rent comp

Bedrooms / bathrooms5 bd / 2 ba
Square footage1,500
Listed
Days on market

Asking rent: $4,400

View on Zillow →

2480 NW 87th Ter

Miami, 33147 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage1,752
Listed
Days on market

Asking rent: $5,800

View on Zillow →

1855 SW 16th Ter

Miami, 33145 · rent comp

Bedrooms / bathrooms5 bd / 2 ba
Square footage1,898
Listed2026-08-31
Days on market

Asking rent: $5,700

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
8841 NW 14th Avesingle_family531,824$725,0002026-08-26
8200 NW 34th Avesingle_family531,653$605,0002026-08-12
2340 NW 99th Tersingle_family531,455$520,0002026-07-27
3271 NW 102nd Stsingle_family53$625,0002026-07-24
1943 NW 72nd Stsingle_family53$460,0002026-05-12
9590 NW 33rd Avesingle_family541,626$440,0002026-05-07
9310 Broad Manor Rdsingle_family531,624$288,0002026-05-01
6925599825single_family521,511$500,0002026-05-01
10325 NW 36th Ctsingle_family541,856$500,0002026-03-23

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
2367 NW 82nd Stmulti_family541,623$569,000
1935 NW 76th Stsingle_family53$438,000
2137 NW 99th Termulti_family541,890$620,000
8841 NW 14th Avesingle_family531,824$725,000
2345 NW 65th Stmulti_family521,808$619,900
2352 NW 102nd Stmulti_family531,969$619,999
2406 NW 67th Stmulti_family531,530$589,000
3035 NW 93rd Stmulti_family542,641$950,000

10-year hold projection

IRR10.8%
Equity multiple2.69x
Total return (10yr)$331,335
YearProperty valueNOICash flowLoan balanceEquity
1$617,998$39,654-$571$474,794$143,204
2$636,538$40,941$635$469,233$167,305
3$655,634$42,268$1,881$463,289$192,345
4$675,303$43,638$3,166$456,937$218,366
5$695,562$45,052$4,494$450,149$245,413
6$716,429$46,511$5,864$442,895$273,534
7$737,922$48,016$7,278$435,143$302,779
8$760,060$49,569$8,738$426,859$333,201
9$782,861$51,171$10,245$418,005$364,856
10$806,347$52,825$11,801$408,544$397,803
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.