225 N Miami Ave Apt 1405
Miami, FL 33128 · condos · For Sale · 239 days on market
Asking price$825,000
2 beds 2 baths 884 sqft
Suggested offer$244,937$580,063 above the est. market value of $244,937.
View on Realtor.com →Listed by Karen Elmir · One Sotheby's International Realty
Typecondos
Built2025
Price / sqft$933
Est. value (own analysis)$244,937
Rent estimate (own analysis)$2,800/mo
HOA$1,000/mo
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Statusfor_sale
Listed date2026-01-06
Removed date—
MLSMiamiMLS #A11934891
Coordinates25.77662, -80.19359
Address225 N Miami Ave Apt 1405
CityMiami
StateFL
Zip33128
Listing ID9091319790
Sourceus-real-estate-listings, cached 2026-08-29
ZIP market snapshot (33128)
Typical home value (ZHVI)$433,117
Typical rent (ZORI)$2,681/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 | $825,000 |
| Down payment (20.0%) | $165,000 |
| Loan amount | $660,000 |
| Closing costs (5.0%) | $41,250 |
| Total cash to close | $206,250 |
| Income | |
| Rent (comp-derived) | $2,800$33,600 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,576$30,912 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,306$15,675 |
| Insurance (placeholder 0.8% of price) | $550$6,600 |
| HOA dues | $1,000$12,000 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $140$1,680 |
| Total operating expenses | $2,996$35,955 |
| 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) | $140$1,680 |
| 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 |
|---|---|---|---|---|---|---|---|
| condos | 2 | 1 | 708 | $1,550 | 2026-08-20 | — | |
| apartment | 2 | 2 | 1,120 | $2,824 | 2025-03-06 | — | |
| apartment | 2 | 1 | 750 | $2,050 | 2026-08-17 | — | |
| apartment | 2 | 1 | 673 | $2,100 | 2026-08-11 | — | |
| condos | 2 | 2 | 696 | $4,500 | 2026-08-07 | — | |
| apartment | 2 | 1 | 700 | $1,750 | 2026-07-23 | — | |
| condos | 2 | 2 | 759 | $5,500 | 2026-07-21 | — | |
| condos | 2 | 1 | 715 | $1,600 | 2026-07-17 | — | |
| condos | 2 | 2 | 849 | $2,400 | 2026-07-13 | — | |
| condos | 2 | 2 | 984 | $2,800 | 2026-07-03 | — | |
| apartment | 2 | 2 | 1,106 | $2,758 | 2026-07-02 | — | |
| apartment | 2 | 1 | 650 | $1,800 | 2025-09-04 | — | |
| condos | 2 | 2 | 984 | $2,800 | 2026-06-30 | — | |
| condos | 2 | 2 | 696 | $5,000 | 2026-06-29 | — | |
| condos | 2 | 2 | 759 | $5,500 | 2026-06-12 | — | |
| apartment | 2 | 1 | 700 | $3,300 | 2026-05-13 | — | |
| condos | 2 | 1 | 708 | $1,800 | 2026-05-04 | — | |
| apartment | 2 | 1 | 640 | $1,850 | 2026-07-28 | — | |
| apartment | 2 | 2 | 954 | $2,650 | 2023-06-13 | — | |
| condos | 2 | 1 | 620 | $1,925 | 2026-04-06 | — | |
| apartment | 2 | 1 | 750 | $2,050 | 2026-03-14 | — | |
| condos | 2 | 1 | 693 | $1,750 | 2026-02-19 | — | |
| condos | 2 | 2 | 950 | $2,600 | 2026-04-14 | — | |
| apartment | 2 | 1 | 730 | $2,500 | 2026-03-12 | — | |
| condos | 2 | 2 | 696 | $4,500 | 2026-03-24 | — | |
| apartment | 2 | 1 | 632 | $1,800 | 2026-04-13 | — | |
| apartment | 2 | 2 | 957 | $3,074 | — | — | |
| apartment | 2 | 2 | 795 | $2,959 | — | — | |
| apartment | 2 | 2 | 1,120 | $2,768 | — | — | |
| apartment | 2 | 2 | 865 | $3,064 | — | — | |
| apartment | 2 | 2 | 957 | $3,009 | — | — | |
| apartment | 2 | 2 | 1,050 | $2,950 | — | — | |
| apartment | 2 | 2 | 957 | $3,014 | — | — | |
| apartment | 2 | 2 | 1,084 | $2,774 | — | — | |
| apartment | 2 | 2 | 1,106 | $2,786 | — | — | |
| apartment | 2 | 2 | 1,082 | $2,774 | — | — | |
| apartment | 2 | 2 | 881 | $3,079 | — | — | |
| apartment | 2 | 2 | 881 | $3,159 | — | — | |
| apartment | 2 | 2 | 881 | $3,079 | — | — | |
| apartment | 2 | 2 | 881 | $3,069 | — | — | |
| apartment | 2 | 2 | 865 | $3,044 | — | — | |
| condos | 2 | 1 | 693 | $2,200 | 2026-04-08 | — | |
| apartment | 2 | 2 | 795 | $3,039 | — | — | |
| apartment | 2 | 2 | 957 | $3,074 | — | — | |
| apartment | 2 | 2 | 1,082 | $2,774 | — | — | |
| apartment | 2 | 2 | 1,015 | $3,638 | — | — | |
| apartment | 2 | 2 | 1,027 | $3,849 | — | — |
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 |
|---|---|---|---|---|---|---|
| 219 NW 12th Ave Apt 607 | condos | 2 | 2 | 794 | $220,000 | 2026-08-07 |
| 219 NW 12th Ave Apt 1003 | condos | 2 | 2 | 808 | $220,000 | 2026-08-07 |
| 219 NW 12th Ave Apt 1007 | condos | 2 | 2 | 794 | $220,000 | 2026-08-07 |
| 219 NW 12th Ave Apt 707 | condos | 2 | 2 | 794 | $288,000 | 2026-03-23 |
| 1043 NW 2nd St Apt 13 | condos | 2 | 1 | 715 | $190,000 | 2025-12-19 |
| 36 NW 6th Ave Apt 806 | condos | 2 | 2 | 950 | $350,000 | 2025-12-15 |
| 36 NW 6th Ave Apt 706 | condos | 2 | 2 | 950 | $307,500 | 2025-10-03 |
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 |
|---|---|---|---|---|---|---|
| 225 N Miami Ave Apt 1412 | condos | 2 | 2 | 696 | $820,000 | — |
| 225 N Miami Ave Apt 1801 | condos | 2 | 2 | 696 | $949,000 | — |
| 225 N Miami Ave Apt 2005 | condos | 2 | 2 | 759 | $950,000 | — |
| 36 NW 6th Ave Apt 805 | condos | 2 | 2 | 984 | $299,000 | — |
| 225 N Miami Ave Apt 3712 | condos | 2 | 2 | 696 | $975,000 | — |
| 225 N Miami Ave Apt 2912 | condos | 2 | 2 | 696 | $895,000 | — |
| 1110 NW 1st St Apt 305 | condos | 2 | 2 | 1,057 | $445,000 | — |
| 1110 NW 1st St Apt 313 | condos | 2 | 2 | 1,057 | $424,000 | — |
10-year hold projection
IRR-8.6%
Equity multiple-0.46x
Total return (10yr)-$194,247
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $849,750 | -$5,043 | -$57,619 | $652,844 | $196,906 |
| 2 | $875,243 | -$5,015 | -$57,633 | $645,197 | $230,046 |
| 3 | $901,500 | -$4,981 | -$57,642 | $637,024 | $264,475 |
| 4 | $928,545 | -$4,941 | -$57,646 | $628,291 | $300,254 |
| 5 | $956,401 | -$4,896 | -$57,646 | $618,957 | $337,444 |
| 6 | $985,093 | -$4,844 | -$57,641 | $608,983 | $376,110 |
| 7 | $1,014,646 | -$4,786 | -$57,631 | $598,324 | $416,322 |
| 8 | $1,045,085 | -$4,721 | -$57,614 | $586,932 | $458,153 |
| 9 | $1,076,438 | -$4,649 | -$57,592 | $574,759 | $501,679 |
| 10 | $1,108,731 | -$4,570 | -$57,564 | $561,749 | $546,982 |
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.