1420 S Miami Ave Unit 2602
Miami, FL 33130 · condos · For Sale · 1399 days on market
Asking price$2,902,900
2 beds 3 baths 2,097 sqft
Suggested offer$1,086,791$1,816,109 above the est. market value of $1,086,791.
View on Realtor.com →Listed by Johnny Mansilla · Nest Seekers International, Midtown
Typecondos
Built—
Price / sqft$1384
Est. value (own analysis)$1,086,791
Rent estimate (own analysis)$4,450/mo
HOANone
1 / 11
Show every detail
Statusfor_sale
Listed date2022-11-03
Removed date—
MLSNestSeekers #2546989
Coordinates25.76015, -80.19391
Address1420 S Miami Ave Unit 2602
CityMiami
StateFL
Zip33130
Listing ID9272210881
Sourceus-real-estate-listings, cached 2026-08-29
ZIP market snapshot (33130)
Typical home value (ZHVI)$515,336
Typical rent (ZORI)$3,262/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 | $2,902,900 |
| Down payment (20.0%) | $580,580 |
| Loan amount | $2,322,320 |
| Closing costs (5.0%) | $145,145 |
| Total cash to close | $725,725 |
| Income | |
| Rent (comp-derived) | $4,450$53,400 |
| Vacancy loss (8.0%) | |
| Effective gross income | $4,094$49,128 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $4,596$55,155 |
| Insurance (placeholder 0.8% of price) | $1,935$23,223 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $223$2,670 |
| Total operating expenses | $6,754$81,048 |
| 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) | $223$2,670 |
| 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 | 2 | 1 | 2,479 | $2,450 | 2026-08-11 | — | |
| condos | 2 | 2 | 1,384 | $4,350 | 2026-07-27 | — | |
| condos | 2 | 3 | 1,464 | $7,000 | 2026-07-16 | — | |
| condos | 2 | 3 | 1,389 | $4,300 | 2026-07-03 | — | |
| condos | 2 | 2 | 1,370 | $6,600 | 2026-06-11 | — | |
| condos | 2 | 2 | 1,393 | $6,500 | 2026-06-08 | — | |
| apartment | 2 | 1 | 2,577 | $2,675 | 2026-06-01 | — | |
| condos | 2 | 3 | 1,987 | $9,900 | 2026-05-13 | — | |
| condos | 2 | 3 | 1,460 | $5,000 | 2026-03-11 | — | |
| condos | 2 | 3 | 1,389 | $5,000 | 2026-03-19 | — | |
| condos | 2 | 2 | 1,370 | $7,000 | 2026-03-06 | — | |
| condos | 2 | 2 | 1,369 | $4,400 | 2026-08-28 | — | |
| condos | 2 | 2 | 1,369 | $4,400 | 2026-08-25 | — | |
| condos | 2 | 3 | 1,389 | $4,500 | — | — | |
| condos | 2 | 2 | 1,369 | $4,400 | — | — | |
| condos | 2 | 3 | 1,389 | $4,500 | — | — | |
| apartment | 2 | 2 | 1,494 | $3,970 | — | — | |
| apartment | 2 | 2 | 1,494 | $4,120 | — | — | |
| apartment | 2 | 3 | 1,378 | $6,029 | — | — | |
| apartment | 2 | 3 | 1,378 | $6,059 | — | — | |
| condos | 2 | 2 | 1,369 | $4,400 | — | — | |
| condos | 2 | 2 | 1,390 | $4,350 | 2026-09-01 | — |
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 |
|---|---|---|---|---|---|---|
| 92 SW 3rd St Apt 5202 | condos | 2 | 3 | 2,048 | $1,269,000 | 2026-08-24 |
| 1250 S Miami Ave Apt 2214 | condos | 2 | 2 | 1,149 | $440,000 | 2026-08-20 |
| 185 SW 7th St Apt 1901 | condos | 2 | 3 | 1,310 | $600,000 | 2026-08-18 |
| 55 SW 9th St Apt 1103 | condos | 2 | 2 | 1,026 | $715,000 | 2026-08-11 |
| 1250 S Miami Ave Apt 1701 | condos | 2 | 2 | 1,255 | $450,000 | 2026-07-31 |
| 60 SW 13th St Apt 5012 | condos | 2 | 3 | 1,255 | $675,000 | 2026-07-30 |
| 90 SW 3rd St Apt 3706 | condos | 2 | 2 | 1,087 | $518,000 | 2026-07-28 |
| 10 SW S River Dr Unit 1506 | condos | 2 | 2 | 1,009 | $370,000 | 2026-07-20 |
| 185 SW 7th St Apt 603 | condos | 2 | 3 | 1,540 | $650,000 | 2026-07-15 |
| 900 SW 8th St Apt 1208 | condos | 2 | 2 | 893 | $355,000 | 2026-06-23 |
| 88 SW 7th St Apt 3410 | condos | 2 | 3 | 1,401 | $999,000 | 2026-06-17 |
| 90 SW 3rd St Apt 3305 | condos | 2 | 2 | 1,079 | $505,000 | 2026-06-09 |
| 690 SW 1st Ct Apt 2515 | condos | 2 | 3 | 1,113 | $440,000 | 2026-06-03 |
| 1300 S Miami Ave Unit 3601 | condos | 2 | 2 | 1,279 | $980,000 | 2026-06-03 |
| 90 SW 3rd St Ph 14 | condos | 2 | 3 | 1,801 | $1,450,000 | 2026-05-28 |
| 92 SW 3rd St Apt 2802 | condos | 2 | 2 | 1,110 | $655,000 | 2026-05-28 |
| 90 SW 3rd St Apt 1602 | condos | 2 | 2 | 1,129 | $526,100 | 2026-05-27 |
| 92 SW 3rd St Apt 3904 | condos | 2 | 2 | 1,121 | $595,000 | 2026-05-14 |
| 55 SW 9th St Apt 1801 | condos | 2 | 2 | 926 | $685,000 | 2026-05-13 |
| 79 SW 12th St Unit 3412S | condos | 2 | 2 | 1,108 | $625,000 | 2026-05-13 |
| 90 SW 3rd St Apt 2706 | condos | 2 | 2 | 1,079 | $545,000 | 2026-05-12 |
| 801 S Miami Ave Unit 2102 | condos | 2 | 3 | 1,119 | $850,000 | 2026-05-06 |
| 801 S Miami Ave Unit 2110 | condos | 2 | 2 | 1,253 | $825,000 | 2026-05-04 |
| 900 SW 8th St Apt 1009 | condos | 2 | 2 | 891 | $334,000 | 2026-05-04 |
| 801 S Miami Ave Unit 2005 | condos | 2 | 2 | 1,326 | $850,000 | 2026-05-01 |
| 637 SW 3rd St Apt 308 | condos | 2 | 2 | 698 | $295,000 | 2026-04-29 |
| 239 SW 9th St Apt 2003 | condos | 2 | 2 | 809 | $730,000 | 2026-04-28 |
| 1250 S Miami Ave Apt 801 | condos | 2 | 2 | 1,255 | $445,000 | 2026-04-28 |
| 79 SW 12th St Unit 2401S | condos | 2 | 2 | 1,099 | $575,000 | 2026-04-23 |
| 1300 S Miami Ave Unit 2810 | condos | 2 | 2 | 1,155 | $815,000 | 2026-04-20 |
| 801 S Miami Ave Unit 3510 | condos | 2 | 2 | 1,253 | $930,000 | 2026-04-20 |
| 60 SW 13th St Apt 2500 | condos | 2 | 3 | 1,240 | $585,000 | 2026-04-16 |
| 1111 SW 1st Ave Unit 2614N | condos | 2 | 2 | 1,107 | $601,000 | 2026-04-13 |
| 90 SW 3rd St Apt 3808 | condos | 2 | 2 | 1,079 | $495,000 | 2026-03-31 |
| 453 SW 2nd St Unit 208B | condos | 2 | 1 | 707 | $222,000 | 2026-03-23 |
| 88 SW 7th St Apt 2501 | condos | 2 | 3 | 1,270 | $975,000 | 2026-03-20 |
| 6087436164 | condos | 2 | 2 | 994 | $405,000 | 2026-03-18 |
| 777 SW 9th Ave Apt 314 | condos | 2 | 2 | 667 | $215,000 | 2026-03-16 |
| 690 SW 1st Ct Apt 2710 | condos | 2 | 3 | 1,113 | $495,000 | 2026-03-12 |
| 92 SW 3rd St Apt 4704 | condos | 2 | 2 | 1,121 | $650,000 | 2026-03-10 |
| 1111 SW 1st Ave Unit 2716N | condos | 2 | 2 | 1,024 | $490,000 | 2026-03-06 |
| 350 S Miami Ave Apt 312 | condos | 2 | 2 | 1,120 | $385,000 | 2026-03-04 |
| 45 SW 9th St Apt 2408 | condos | 2 | 2 | 924 | $760,000 | 2026-02-24 |
| 1250 S Miami Ave Apt 2206 | condos | 2 | 2 | 1,143 | $499,999 | 2026-02-19 |
| 10 SW S River Dr Unit 1509 | condos | 2 | 2 | 1,000 | $400,000 | 2026-02-06 |
| 300 Biscayne Blvd Way Unit 3606 | condos | 2 | 3 | 1,317 | $1,800,000 | 2026-02-03 |
| 92 SW 3rd St Apt 3503 | condos | 2 | 3 | 1,235 | $690,000 | 2026-01-30 |
| 79 SW 12th St Unit 1603S | condos | 2 | 2 | 1,013 | $520,000 | 2026-01-29 |
| 88 SW 7th St Apt 1111 | condos | 2 | 2 | 1,264 | $1,137,500 | 2026-01-28 |
| 45 SW 9th St Apt 4703 | condos | 2 | 3 | 1,287 | $1,040,000 | 2026-01-26 |
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 |
|---|---|---|---|---|---|---|
| 90 SW 3rd St Apt 2504 | condos | 2 | 3 | 1,274 | $599,000 | — |
| 801 S Miami Ave Unit 1602 | condos | 2 | 3 | 1,119 | $860,000 | — |
| 90 SW 3rd St Unit TH308 | condos | 2 | 2 | 1,405 | $628,000 | — |
| 1300 S Miami Ave Unit 2001 | condos | 2 | 2 | 1,279 | $925,000 | — |
| 185 SW 7th St Apt 4209 | condos | 2 | 3 | 1,179 | $585,000 | — |
| 1111 SW 1st Ave Unit 2925N | condos | 2 | 2 | 1,099 | $695,000 | — |
| 55 SW 9th St Apt 3308 | condos | 2 | 2 | 788 | $674,900 | — |
| 45 SW 9th St Apt 1701 | condos | 2 | 2 | 1,042 | $890,000 | — |
10-year hold projection
IRR-9.7%
Equity multiple-0.65x
Total return (10yr)-$821,529
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $2,989,987 | -$31,920 | -$213,677 | $2,297,141 | $692,846 |
| 2 | $3,079,687 | -$32,473 | -$214,296 | $2,270,233 | $809,454 |
| 3 | $3,172,077 | -$33,031 | -$214,923 | $2,241,477 | $930,600 |
| 4 | $3,267,240 | -$33,597 | -$215,558 | $2,210,746 | $1,056,493 |
| 5 | $3,365,257 | -$34,168 | -$216,202 | $2,177,905 | $1,187,351 |
| 6 | $3,466,214 | -$34,746 | -$216,853 | $2,142,809 | $1,323,405 |
| 7 | $3,570,201 | -$35,330 | -$217,512 | $2,105,303 | $1,464,898 |
| 8 | $3,677,307 | -$35,920 | -$218,180 | $2,065,221 | $1,612,086 |
| 9 | $3,787,626 | -$36,516 | -$218,855 | $2,022,387 | $1,765,239 |
| 10 | $3,901,255 | -$37,117 | -$219,538 | $1,976,611 | $1,924,644 |
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.