3581 E Glencoe St Unit 302
Miami, FL 33133 · condos · For Sale · 22 days on market
Asking price$3,995,000
3 beds 4 baths 2,978 sqft
Suggested offer$3,910,505$84,495 above the est. market value of $3,910,505.
View on Realtor.com →Listed by Dan Hechtkopf · COMPASS
Typecondos
Built2020
Price / sqft$1342
Est. value (own analysis)$3,910,505
Rent estimate (own analysis)$20,750/mo
HOA$5,798/mo
Flood10/10extreme$Wind10/10Extreme$Heat10/10ExtremeAir2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-08-11
Removed date—
MLSMiamiMLS #A12069603
Coordinates25.74008, -80.21714
Address3581 E Glencoe St Unit 302
CityMiami
StateFL
Zip33133
Listing ID9169358250
Sourceus-real-estate-listings, cached 2026-08-30
ZIP market snapshot (33133)
Typical home value (ZHVI)$1,352,044
Typical rent (ZORI)$3,793/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 | $3,995,000 |
| Down payment (20.0%) | $799,000 |
| Loan amount | $3,196,000 |
| Closing costs (5.0%) | $199,750 |
| Total cash to close | $998,750 |
| Income | |
| Rent (comp-derived) | $20,750$249,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $19,090$229,080 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $6,325$75,905 |
| Insurance (est. scaled by flood & wind risk) | $5,859$70,312 |
| HOA dues | $5,798$69,576 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $1,038$12,450 |
| Total operating expenses | $19,020$228,243 |
| 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) | $1,038$12,450 |
| 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 |
|---|---|---|---|---|---|---|---|
| apartment | 3 | 2 | 2,027 | $3,400 | 2026-08-18 | — | |
| condos | 3 | 4 | 2,404 | $30,000 | 2026-08-12 | — | |
| condos | 3 | 4 | 2,532 | $29,500 | 2026-08-10 | — | |
| condos | 3 | 4 | 2,640 | $23,500 | 2026-07-19 | — | |
| condos | 3 | 5 | 3,054 | $24,000 | 2026-07-15 | — | |
| condos | 3 | 4 | 2,532 | $35,000 | 2026-07-14 | — | |
| condos | 3 | 4 | 3,233 | $45,000 | 2026-07-09 | — | |
| condos | 3 | 4 | 2,240 | $16,500 | 2026-06-23 | — | |
| condos | 3 | 4 | 2,112 | $9,600 | 2026-06-18 | — | |
| condos | 3 | 3 | 2,424 | $15,500 | 2026-06-09 | — | |
| condos | 3 | 4 | 3,764 | $15,000 | 2026-06-05 | — | |
| condos | 3 | 3 | 2,614 | $15,700 | 2026-05-08 | — | |
| condos | 3 | 4 | 2,433 | $35,000 | 2026-05-05 | — | |
| condos | 3 | 3 | 2,614 | $18,000 | 2026-08-03 | — | |
| condos | 3 | 3 | 2,614 | $11,000 | 2026-07-30 | — | |
| condos | 3 | 4 | 3,876 | $44,500 | 2026-03-02 | — | |
| condos | 3 | 4 | 2,010 | $9,500 | 2026-04-28 | — | |
| condos | 3 | 4 | 3,165 | $25,000 | 2026-06-16 | — |
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 |
|---|---|---|---|---|---|---|
| 2678 Tigertail Ave Apt 1202 | condos | 3 | 4 | 1,646 | $2,700,000 | 2026-08-19 |
| 3400 SW 27th Ave Apt 2102 | condos | 3 | 3 | 2,114 | $3,500,000 | 2026-08-10 |
| 1 Grove Isle Dr Unit A1809 | condos | 3 | 3 | 2,614 | $3,100,000 | 2026-08-04 |
| 2627 S Bayshore Dr Apt 2904 | condos | 3 | 4 | 2,640 | $6,050,000 | 2026-07-31 |
| 2678 Tigertail Ave Apt 701 | condos | 3 | 4 | 1,661 | $3,200,000 | 2026-07-10 |
| 2841 Day Ave Unit 2841 | condos | 3 | 3 | 2,590 | $1,775,000 | 2026-07-01 |
| 2655 S Bayshore Dr Apt 1212 | condos | 3 | 4 | 1,694 | $3,150,000 | 2026-06-26 |
| 3 Grove Isle Dr Unit C1802 | condos | 3 | 3 | 2,398 | $2,020,000 | 2026-06-16 |
| 2678 Tigertail Ave Apt 702 | condos | 3 | 4 | 1,696 | $2,595,000 | 2026-06-15 |
| 1 Grove Isle Dr Unit A1110 | condos | 3 | 3 | 2,424 | $2,000,000 | 2026-06-04 |
| 2889 McFarlane Rd Unit 1001 | condos | 3 | 4 | 1,515 | $1,250,000 | 2026-04-30 |
| 5 Grove Isle Dr Apt S502 | condos | 3 | 4 | 2,622 | $6,500,000 | 2026-04-27 |
| 2821 S Bayshore Dr Unit LPH-D | condos | 3 | 4 | 2,558 | $6,250,000 | 2026-04-23 |
| 10 Edgewater Dr Apt 4F | condos | 3 | 4 | 2,950 | $2,225,000 | 2026-04-10 |
| 2655 S Bayshore Dr Unit LPH2012 | condos | 3 | 4 | 1,662 | $3,535,000 | 2026-04-07 |
| 2000 S Bayshore Dr Apt 72 | condo_townhome_rowhome_coop | 3 | 4 | 3,638 | $1,865,000 | 2026-03-30 |
| 2627 S Bayshore Dr Apt 903 | condos | 3 | 4 | 2,640 | $4,100,000 | 2026-03-17 |
| 10 Edgewater Dr Apt 16K | condos | 3 | 5 | 5,230 | $6,200,000 | 2026-03-17 |
| 2655 S Bayshore Dr Apt 1602 | condos | 3 | 5 | — | $6,250,000 | 2026-02-25 |
| 2831 S Bayshore Dr Unit 403 | condos | 3 | 3 | 1,679 | $2,800,000 | 2026-02-24 |
| 2575 S Bayshore Dr Apt 15B | condos | 3 | 2 | 1,759 | $1,525,000 | 2026-02-23 |
| 5 Grove Isle Dr Apt S501 | condos | 3 | 4 | 2,622 | $6,500,000 | 2026-02-20 |
| 10 Edgewater Dr Ph C | condos | 3 | 4 | 2,970 | $3,900,000 | 2026-02-19 |
| 2811 S Bayshore Dr Unit 4C | condos | 3 | 3 | 2,232 | $3,875,000 | 2026-02-05 |
| 2655 S Bayshore Dr Apt 401 | condos | 3 | 4 | 1,699 | $2,550,000 | 2026-01-26 |
| 1 Grove Isle Dr Unit A910 | condos | 3 | 3 | 2,424 | $2,995,000 | 2026-01-15 |
| 2655 S Bayshore Dr Apt 902 | condos | 3 | 4 | 2,623 | $6,000,000 | 2025-12-30 |
| 2678 Tigertail Ave Apt 1706 | condos | 3 | 3 | 2,058 | $3,200,000 | 2025-12-23 |
| 60 Edgewater Dr Apt 7H | condos | 3 | 4 | 2,960 | $2,134,000 | 2025-11-25 |
| 60 Edgewater Dr Apt 9H | condos | 3 | 3 | 2,960 | $2,550,000 | 2025-11-21 |
| 2843 S Bayshore Dr Apt P3C &D | condos | 3 | 5 | 4,236 | $3,592,000 | 2025-11-17 |
| 111 Edgewater Dr Apt 1A | condos | 3 | 3 | 1,900 | $1,100,000 | 2025-10-24 |
| 3136 Virginia St | condos | 3 | 3 | 1,480 | $830,000 | 2025-10-03 |
| 2 Grove Isle Dr Unit B502 | condos | 3 | 2 | 2,398 | $2,289,000 | 2025-09-26 |
| 2655 S Bayshore Dr Apt 1512 | condos | 3 | 4 | 1,662 | $2,675,000 | 2025-09-25 |
| 1 Grove Isle Dr Unit A409 | condos | 3 | 3 | 2,614 | $1,700,000 | 2025-09-08 |
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 |
|---|---|---|---|---|---|---|
| 3350 SW 27th Ave Apt 1802 | condos | 3 | 3 | 2,522 | $3,100,000 | — |
| 3 Grove Isle Dr Unit C410 | condos | 3 | 3 | 2,424 | $2,695,000 | — |
| 2678 Tigertail Ave Apt 401 | condos | 3 | 4 | 1,811 | $3,250,000 | — |
| 2901 S Bayshore Dr Apt 1B | condos | 3 | 2 | 1,587 | $1,985,000 | — |
| 3431 SW 25th St | single_family | 3 | 2 | 1,296 | $740,000 | — |
| 2155 SW 25th Ter | single_family | 3 | 3 | 1,628 | $1,429,000 | — |
| 2678 Tigertail Ave Apt 1806 | condos | 3 | 4 | 2,058 | $3,995,000 | — |
| 2 Grove Isle Dr Unit B1109 | condos | 3 | 3 | 2,614 | $2,900,000 | — |
10-year hold projection
IRR-7.2%
Equity multiple-0.21x
Total return (10yr)-$685,318
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $4,114,850 | $837 | -$258,073 | $3,161,348 | $953,502 |
| 2 | $4,238,296 | $2,003 | -$257,218 | $3,124,317 | $1,113,979 |
| 3 | $4,365,444 | $3,233 | -$256,307 | $3,084,743 | $1,280,702 |
| 4 | $4,496,408 | $4,529 | -$255,338 | $3,042,451 | $1,453,957 |
| 5 | $4,631,300 | $5,894 | -$254,309 | $2,997,254 | $1,634,046 |
| 6 | $4,770,239 | $7,331 | -$253,216 | $2,948,955 | $1,821,284 |
| 7 | $4,913,346 | $8,842 | -$252,057 | $2,897,338 | $2,016,008 |
| 8 | $5,060,746 | $10,430 | -$250,829 | $2,842,177 | $2,218,570 |
| 9 | $5,212,569 | $12,100 | -$249,530 | $2,783,227 | $2,429,341 |
| 10 | $5,368,946 | $13,853 | -$248,155 | $2,720,230 | $2,648,716 |
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.