355 NW 31st St Unit 203
Miami, FL 33127 · condos · For Sale · 175 days on market
Asking price$368,000
1 beds 1 baths 400 sqft
Suggested offer$207,552$160,448 above the est. market value of $207,552.
View on Realtor.com →Listed by Luz Colmenero · The Keyes Company - Miramar
Typecondos
Built2026
Price / sqft$920
Est. value (own analysis)$207,552
Rent estimate (own analysis)$2,092/mo
HOA$380/mo
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Statusfor_sale
Listed date2026-03-11
Removed date—
MLSBeachesMLS #F10398315
Coordinates25.80580, -80.20252
Address355 NW 31st St Unit 203
CityMiami
StateFL
Zip33127
Listing ID9110458552
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33127)
Typical home value (ZHVI)$528,160
Typical rent (ZORI)$2,975/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 | $368,000 |
| Down payment (20.0%) | $73,600 |
| Loan amount | $294,400 |
| Closing costs (5.0%) | $18,400 |
| Total cash to close | $92,000 |
| Income | |
| Rent (comp-derived) | $2,092$25,104 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,925$23,096 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $583$6,992 |
| Insurance (placeholder 0.8% of price) | $245$2,944 |
| HOA dues | $380$4,560 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $105$1,255 |
| Total operating expenses | $1,313$15,751 |
| 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) | $105$1,255 |
| 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 | 1 | 1 | 450 | $2,650 | 2026-08-25 | — | |
| apartment | 1 | 1 | 450 | $1,400 | 2026-08-19 | — | |
| apartment | 1 | 1 | 450 | $2,000 | 2026-08-18 | — | |
| condos | 1 | 1 | 528 | $4,000 | 2026-08-17 | — | |
| apartment | 1 | 1 | 434 | $2,678 | 2026-07-27 | — | |
| condos | 1 | 1 | 526 | $2,092 | 2026-07-04 | — | |
| apartment | 1 | 1 | 450 | $1,500 | 2026-06-27 | — | |
| apartment | 1 | 1 | 450 | $1,500 | 2026-06-26 | — | |
| apartment | 1 | 1 | 450 | $1,550 | 2026-06-17 | — | |
| apartment | 1 | 1 | 500 | $1,500 | 2026-07-17 | — | |
| apartment | 1 | 1 | 475 | $2,407 | 2026-03-25 | — | |
| apartment | 1 | 1 | 358 | $2,100 | 2025-01-31 | — | |
| apartment | 1 | 1 | 534 | $2,640 | — | — | |
| apartment | 1 | 1 | 534 | $2,880 | — | — | |
| apartment | 1 | 1 | 500 | $1,550 | 2026-08-31 | — |
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 |
|---|---|---|---|---|---|---|
| 2700 NW 2nd Ave Unit 502 | condos | 1 | 1 | 638 | $705,000 | 2026-08-27 |
| 450 NW 20th St Unit 1 | condo_townhome_rowhome_coop | 4 | 2 | 1,347 | $250,000 | 2026-02-26 |
| 410 NW 20th St Unit 5 | condos | 3 | 3 | 1,190 | $383,000 | 2026-01-16 |
| 136 NW 26th St Unit 503 | condos | 1 | 1 | 440 | $315,000 | 2025-09-16 |
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 |
|---|---|---|---|---|---|---|
| 2700 NW 2nd Ave Unit 202 | condos | 1 | 1 | — | $650,000 | — |
| 250 NW 24th St Apt 2B | condos | 1 | 1 | 720 | $630,000 | — |
| 2700 NW 2nd Ave Unit 302 | condos | 1 | 1 | — | $725,000 | — |
| 2700 NW 2nd Ave Unit 409 | condos | 1 | 1 | 720 | $850,000 | — |
| 2700 NW 2nd Ave Unit 538 | condos | 1 | 1 | 624 | $710,000 | — |
| 2700 NW 2nd Ave Unit 432 | condos | 1 | 1 | 624 | $720,000 | — |
| 2700 NW 2nd Ave Unit 528 | condos | 1 | 1 | 638 | $645,000 | — |
| 2700 NW 2nd Ave Unit 717 | condos | 1 | 1 | 720 | $799,000 | — |
10-year hold projection
IRR-2.0%
Equity multiple0.67x
Total return (10yr)$17,596
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $379,040 | $7,344 | -$16,613 | $291,208 | $87,832 |
| 2 | $390,411 | $7,644 | -$16,346 | $287,797 | $102,614 |
| 3 | $402,124 | $7,954 | -$16,068 | $284,152 | $117,972 |
| 4 | $414,187 | $8,275 | -$15,779 | $280,256 | $133,931 |
| 5 | $426,613 | $8,608 | -$15,480 | $276,093 | $150,520 |
| 6 | $439,411 | $8,953 | -$15,170 | $271,644 | $167,768 |
| 7 | $452,594 | $9,311 | -$14,847 | $266,889 | $185,704 |
| 8 | $466,171 | $9,682 | -$14,513 | $261,808 | $204,363 |
| 9 | $480,157 | $10,066 | -$14,166 | $256,378 | $223,779 |
| 10 | $494,561 | $10,464 | -$13,807 | $250,575 | $243,986 |
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.