2840 SW 128th Ave
Miami, FL 33175 · single_family · For Sale · 161 days on market
Asking price$2,199,000
6 beds 7 baths 4,758 sqft
Suggested offer$2,037,383$161,617 above the est. market value of $2,037,383.
View on Realtor.com →Listed by Donna Incorvaja, Agent · Related Isg Int'l Realty
Typesingle_family
Built1983
Price / sqft$462
Est. value (own analysis)$2,037,383
Rent estimate (own analysis)$22,000/mo
HOANone
1 / 47
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Statusfor_sale
Listed date2026-03-25
Removed date—
MLSBeachesMLS #B26006649
Coordinates25.74164, -80.40262
Address2840 SW 128th Ave
CityMiami
StateFL
Zip33175
Listing ID6996717765
Sourceus-real-estate-listings, cached 2026-09-01
ZIP market snapshot (33175)
Typical home value (ZHVI)$628,459
Typical rent (ZORI)$3,232/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 | $2,199,000 |
| Down payment (20.0%) | $439,800 |
| Loan amount | $1,759,200 |
| Closing costs (5.0%) | $109,950 |
| Total cash to close | $549,750 |
| Income | |
| Rent (comp-derived) | $22,000$264,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $20,240$242,880 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $3,482$41,781 |
| Insurance (placeholder 0.8% of price) | $1,466$17,592 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $1,100$13,200 |
| Total operating expenses | $6,048$72,573 |
| 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) | $1,100$13,200 |
| 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 |
|---|---|---|---|---|---|---|---|
| single_family | 6 | 4 | 3,218 | $7,900 | 2026-07-24 | — | |
| single_family | 6 | 7 | 5,850 | $25,000 | 2026-07-21 | — | |
| single_family | 6 | 5 | 3,390 | $13,000 | 2026-06-25 | — | |
| single_family | 6 | 6 | 5,322 | $28,000 | 2026-06-17 | — | |
| single_family | 6 | 6 | 4,806 | $22,000 | 2026-06-17 | — | |
| single_family | 6 | 6 | 4,181 | $18,000 | 2026-08-03 | — | |
| single_family | 6 | 4 | 6,112 | $30,000 | — | — |
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 |
|---|---|---|---|---|---|---|
| 2360 SW 139th Ave | single_family | 6 | 6 | 4,146 | $2,750,000 | 2026-08-13 |
| 3591 SW 142nd Ave | single_family | 6 | 4 | 3,658 | $935,000 | 2026-07-21 |
| 12200 SW 51st St | single_family | 6 | 5 | 5,115 | $2,075,000 | 2026-04-15 |
| 12025 SW 46th St | single_family | 6 | 6 | 5,113 | $4,000,000 | 2026-02-27 |
| 14090 SW 34th St | single_family | 6 | 4 | 5,021 | $2,150,000 | 2025-11-14 |
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 |
|---|---|---|---|---|---|---|
| 13470 SW 24th St | single_family | 6 | 4 | 1,630 | $824,990 | — |
| 13370 SW 34th St | single_family | 6 | 7 | 4,161 | $2,700,000 | — |
| 3401 SW 129th Ave | single_family | 6 | 5 | 5,147 | $2,300,000 | — |
| 11835 SW 47th St | single_family | 6 | 8 | 6,469 | $3,300,000 | — |
| 2600 SW 128th Ct | single_family | 6 | 5 | 3,390 | $2,500,000 | — |
10-year hold projection
IRR14.2%
Equity multiple3.18x
Total return (10yr)$1,484,942
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $2,264,970 | $170,307 | $21,446 | $1,740,126 | $524,844 |
| 2 | $2,332,919 | $175,779 | $26,588 | $1,719,743 | $613,176 |
| 3 | $2,402,907 | $181,424 | $31,895 | $1,697,960 | $704,947 |
| 4 | $2,474,994 | $187,248 | $37,372 | $1,674,681 | $800,313 |
| 5 | $2,549,244 | $193,257 | $43,025 | $1,649,803 | $899,440 |
| 6 | $2,625,721 | $199,455 | $48,859 | $1,623,217 | $1,002,504 |
| 7 | $2,704,493 | $205,849 | $54,880 | $1,594,806 | $1,109,687 |
| 8 | $2,785,627 | $212,445 | $61,094 | $1,564,443 | $1,221,185 |
| 9 | $2,869,196 | $219,250 | $67,506 | $1,531,995 | $1,337,201 |
| 10 | $2,955,272 | $226,270 | $74,124 | $1,497,319 | $1,457,953 |
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.