1047 SW 13th Ave Unit B
Miami, FL 33135 · townhomes · For Sale · 126 days on market
Asking price$1,850,000
4 beds 4 baths 3,491 sqft
Listed by Gloria Coy · Realty One Group Evolution
Typetownhomes
Built2026
Price / sqft$530
Est. value (own analysis)$2,072,921
Rent estimate (own analysis)$4,000/mo
HOANone
1 / 6
Show every detail
Statusfor_sale
Listed date2026-04-29
Removed date—
MLSMiamiMLS #A12009609
Coordinates—
Address1047 SW 13th Ave Unit B
CityMiami
StateFL
Zip33135
Listing ID9112745387
Sourceus-real-estate-listings, cached 2026-08-25
ZIP market snapshot (33135)
Typical home value (ZHVI)$531,790
Typical rent (ZORI)$2,051/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 | $1,850,000 |
| Down payment (20.0%) | $370,000 |
| Loan amount | $1,480,000 |
| Closing costs (5.0%) | $92,500 |
| Total cash to close | $462,500 |
| Income | |
| Rent (comp-derived) | $4,000$48,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,680$44,160 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,929$35,150 |
| Insurance (placeholder 0.8% of price) | $1,233$14,800 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $200$2,400 |
| Total operating expenses | $4,363$52,350 |
| 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) | $200$2,400 |
| 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 |
|---|---|---|---|---|---|---|---|
| townhomes | 4 | 3 | 2,312 | $3,400 | 2026-08-13 | — | |
| townhomes | 4 | 3 | 2,312 | $3,400 | 2026-08-07 | — | |
| townhomes | 4 | 4 | 2,532 | $8,700 | 2026-08-05 | — | |
| townhomes | 4 | 5 | 2,988 | $10,500 | 2026-07-27 | — | |
| townhomes | 4 | 3 | 2,312 | $3,350 | 2026-07-20 | — | |
| townhomes | 4 | 5 | 2,750 | $8,999 | 2026-07-13 | — | |
| townhomes | 4 | 3 | 2,312 | $3,200 | 2026-07-11 | — | |
| townhomes | 4 | 3 | 2,312 | $3,350 | 2026-06-29 | — | |
| townhomes | 4 | 4 | 2,313 | $4,000 | 2026-06-17 | — | |
| townhomes | 4 | 3 | 3,696 | $12,000 | 2026-06-05 | — | |
| townhomes | 4 | 3 | 2,312 | $3,300 | 2026-05-20 | — | |
| townhomes | 4 | 3 | 2,300 | $4,300 | 2026-08-04 | — | |
| townhomes | 4 | 3 | 2,308 | $4,050 | 2026-07-29 | — | |
| townhomes | 4 | 3 | 3,024 | $3,750 | 2026-04-09 | — | |
| townhomes | 4 | 5 | 2,757 | $18,000 | 2024-10-22 | — |
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 |
|---|---|---|---|---|---|---|
| 2435 SW 11th St Unit 9B | townhomes | 3 | 3 | 1,576 | $555,000 | 2026-07-30 |
| 1235 SW 13th Ave Unit 1235 | townhomes | 3 | 4 | 2,247 | $1,555,000 | 2026-07-17 |
| 1210 SW 13th Ave | townhomes | 4 | 2 | 2,018 | $1,000,000 | 2026-05-06 |
| 1247 SW 13th Ave Unit A | townhomes | 3 | 4 | 2,108 | $1,600,000 | 2025-12-26 |
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 |
|---|---|---|---|---|---|---|
| 1223 SW 12th Ct Unit 1223 | condos | 4 | 5 | 3,103 | $1,750,000 | — |
| 1667 SW 10th St | single_family | 4 | 3 | 2,004 | $1,250,000 | — |
| 2427 SW 12th St | single_family | 4 | 3 | 1,900 | $1,185,000 | — |
| 1720 SW 11th Ter | single_family | 4 | 3 | 2,052 | $1,150,000 | — |
| 1621 SW 11th Ter | single_family | 4 | 4 | 2,446 | $2,300,000 | — |
| 1468 SW 2nd St | multi_family | 4 | 3 | 1,856 | $650,000 | — |
| 2940 SW 12th St | single_family | 4 | 3 | 2,512 | $1,299,000 | — |
| 1642 SW 12th St | single_family | 4 | 4 | 2,984 | $1,395,000 | — |
10-year hold projection
IRR-8.1%
Equity multiple-0.37x
Total return (10yr)-$391,882
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,905,500 | -$8,190 | -$124,721 | $1,463,953 | $441,547 |
| 2 | $1,962,665 | -$8,174 | -$124,765 | $1,446,805 | $515,860 |
| 3 | $2,021,545 | -$8,151 | -$124,803 | $1,428,479 | $593,066 |
| 4 | $2,082,191 | -$8,120 | -$124,836 | $1,408,895 | $673,297 |
| 5 | $2,144,657 | -$8,082 | -$124,862 | $1,387,965 | $756,692 |
| 6 | $2,208,997 | -$8,036 | -$124,882 | $1,365,598 | $843,398 |
| 7 | $2,275,267 | -$7,981 | -$124,894 | $1,341,696 | $933,571 |
| 8 | $2,343,525 | -$7,916 | -$124,900 | $1,316,152 | $1,027,373 |
| 9 | $2,413,830 | -$7,843 | -$124,898 | $1,288,854 | $1,124,977 |
| 10 | $2,486,245 | -$7,759 | -$124,887 | $1,259,681 | $1,226,564 |
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.