3720 SW 69th Ave Unit 3720
Miami, FL 33155 · townhomes · Pending — under contract · 110 days on market
Asking price$629,900
3 beds 3 baths 2,014 sqft
Listed by Summer Brady · Open Exchange Brokerage, LLC
Typetownhomes
Built2006
Price / sqft$313
Est. value (own analysis)$929,077
Rent estimate (own analysis)$3,599/mo
HOA$490/mo
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Statusfor_sale
Listed date2026-05-15
Removed date—
MLSBeachesMLS #B26029161
Coordinates25.73434, -80.30707
Address3720 SW 69th Ave Unit 3720
CityMiami
StateFL
Zip33155
Listing ID6998417599
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33155)
Typical home value (ZHVI)$716,503
Typical rent (ZORI)$2,758/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 | $629,900 |
| Down payment (20.0%) | $125,980 |
| Loan amount | $503,920 |
| Closing costs (5.0%) | $31,495 |
| Total cash to close | $157,475 |
| Income | |
| Rent (comp-derived) | $3,599$43,188 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,311$39,733 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $997$11,968 |
| Insurance (placeholder 0.8% of price) | $420$5,039 |
| HOA dues | $490$5,880 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $180$2,159 |
| Total operating expenses | $2,087$25,047 |
| 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) | $180$2,159 |
| 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 | 4 | 1,960 | $3,600 | 2026-08-11 | — | |
| townhomes | 3 | 3 | 2,128 | $4,250 | 2026-08-05 | — | |
| townhomes | 3 | 3 | 1,229 | $2,900 | 2026-06-17 | — | |
| townhomes | 3 | 3 | 1,229 | $3,075 | 2026-06-02 | — | |
| townhomes | 3 | 2 | 1,113 | $3,599 | 2026-05-22 | — |
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 |
|---|---|---|---|---|---|---|
| 6667 Miller Dr Unit 14 | townhomes | 3 | 3 | 1,007 | $570,000 | 2026-08-04 |
| 7110 SW 54th St | townhomes | 3 | 2 | 1,680 | $775,000 | 2026-07-29 |
| 7043 SW 53rd Ln | townhomes | 3 | 3 | 1,923 | $925,000 | 2026-04-10 |
| 6960 SW 54th St | townhomes | 3 | 3 | 1,963 | $785,000 | 2026-03-27 |
| 3730 SW 69th Ave Unit 3730 | townhomes | 3 | 3 | 2,014 | $670,000 | 2026-03-23 |
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.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 3815 SW 82nd Ave Apt 41 | townhomes | 3 | 2 | 1,113 | $549,999 | — |
| 6566 SW 52nd Ter | single_family | 3 | 3 | 1,408 | $1,000,000 | — |
| 3240 SW 84th Ave | single_family | 3 | 1 | 1,098 | $619,990 | — |
| 2635 SW 64th Ave | single_family | 3 | 2 | 1,718 | $1,299,999 | — |
| 6561 SW 34th St | single_family | 3 | 1 | 804 | $655,000 | — |
| 2825 SW 79th Ct | single_family | 3 | 3 | 3,434 | $1,250,000 | — |
| 2053 SW 60th Ave | multi_family | 3 | 2 | 1,348 | $779,900 | — |
| 2830 SW 63rd Ave | single_family | 3 | 2 | 1,036 | $785,000 | — |
10-year hold projection
IRR-1.1%
Equity multiple0.82x
Total return (10yr)$53,743
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $648,797 | $14,686 | -$26,333 | $498,456 | $150,341 |
| 2 | $668,261 | $15,252 | -$25,821 | $492,617 | $175,643 |
| 3 | $688,309 | $15,838 | -$25,291 | $486,378 | $201,931 |
| 4 | $708,958 | $16,445 | -$24,741 | $479,709 | $229,249 |
| 5 | $730,227 | $17,073 | -$24,171 | $472,583 | $257,644 |
| 6 | $752,134 | $17,723 | -$23,580 | $464,968 | $287,166 |
| 7 | $774,698 | $18,397 | -$22,967 | $456,829 | $317,869 |
| 8 | $797,938 | $19,094 | -$22,333 | $448,132 | $349,807 |
| 9 | $821,877 | $19,816 | -$21,675 | $438,837 | $383,040 |
| 10 | $846,533 | $20,563 | -$20,994 | $428,904 | $417,629 |
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.