2938 NW 27th St Unit 2936
Miami, FL 33142 · townhomes · For Sale · 56 days on market
Asking price$594,990
3 beds 2 baths 1,083 sqft
Suggested offer$401,556$193,434 above the est. market value of $401,556.
View on Realtor.com →Listed by Nitza Chamizo · Malibu Bay Realty
Typetownhomes
Built2025
Price / sqft$549
Est. value (Zillow, adjusted)$401,556
Rent estimate (own analysis)$3,490/mo
HOANone
1 / 14
Show every detail
Statusfor_sale
Listed date2026-07-08
Removed date—
MLSMiamiMLS #A12049989
Coordinates25.80067, -80.24278
Address2938 NW 27th St Unit 2936
CityMiami
StateFL
Zip33142
Listing ID9244533725
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33142)
Typical home value (ZHVI)$430,103
Typical rent (ZORI)$2,350/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 | $594,990 |
| Down payment (20.0%) | $118,998 |
| Loan amount | $475,992 |
| Closing costs (5.0%) | $29,750 |
| Total cash to close | $148,748 |
| Income | |
| Rent (comp-derived) | $3,490$41,880 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,211$38,530 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $942$11,305 |
| Insurance (placeholder 0.8% of price) | $397$4,760 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $175$2,094 |
| Total operating expenses | $1,513$18,159 |
| 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) | $175$2,094 |
| 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 | 3 | 1,765 | $3,990 | 2026-08-12 | — | |
| townhomes | 3 | 3 | 1,765 | $3,990 | 2026-06-08 | — | |
| townhomes | 3 | 1 | 1,512 | $2,700 | 2026-07-31 | — | |
| townhomes | 3 | 1 | 980 | $2,990 | 2026-07-30 | — |
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 |
|---|---|---|---|---|---|---|
| 4311 NW 32nd Ave | townhomes | 2 | 3 | 1,160 | $400,000 | 2026-08-28 |
| 4313 NW 32nd Ave Unit 4313 | townhomes | 2 | 3 | 1,160 | $400,000 | 2026-07-17 |
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 |
|---|---|---|---|---|---|---|
| 5300 NW 30th Pl | single_family | 3 | 2 | 1,508 | $538,900 | — |
| 1300 NW 42nd St | single_family | 3 | 2 | 989 | $489,000 | — |
| 3300 NW 50th St | single_family | 3 | 1 | 832 | $419,000 | — |
| 3073 NW 59th St | single_family | 3 | 1 | 960 | $489,000 | — |
| 3035 NW 55th St | single_family | 3 | 1 | 957 | $375,000 | — |
| 6021 NW 21st Ave | single_family | 3 | 1 | 1,000 | $399,990 | — |
| 2030 NW 43rd St | single_family | 3 | 2 | 1,555 | $450,000 | — |
| 3111 NW 57th St | single_family | 3 | 2 | 1,656 | $549,500 | — |
10-year hold projection
IRR1.9%
Equity multiple1.31x
Total return (10yr)$123,222
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $612,840 | $20,371 | -$18,429 | $470,831 | $142,008 |
| 2 | $631,225 | $21,073 | -$17,780 | $465,316 | $165,909 |
| 3 | $650,162 | $21,798 | -$17,108 | $459,422 | $190,740 |
| 4 | $669,666 | $22,547 | -$16,414 | $453,123 | $216,543 |
| 5 | $689,756 | $23,322 | -$15,696 | $446,392 | $243,364 |
| 6 | $710,449 | $24,121 | -$14,954 | $439,199 | $271,250 |
| 7 | $731,763 | $24,948 | -$14,187 | $431,512 | $300,251 |
| 8 | $753,716 | $25,802 | -$13,394 | $423,296 | $330,419 |
| 9 | $776,327 | $26,683 | -$12,574 | $414,517 | $361,810 |
| 10 | $799,617 | $27,595 | -$11,727 | $405,134 | $394,482 |
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.