2700 NW 2nd Ave Unit 642
Miami, FL 33127 · condos · For Sale · 50 days on market
Asking price$1,230,000
2 beds 2 baths 840 sqft
Suggested offer$435,859$794,141 above the est. market value of $435,859.
View on Realtor.com →Listed by R. Rona Soysal · Rona International Realty
Typecondos
Built2026
Price / sqft$1464
Est. value (own analysis)$435,859
Rent estimate (own analysis)$4,100/mo
HOA$1,230/mo
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Statusfor_sale
Listed date2026-07-14
Removed date—
MLSMiamiMLS #A12053193
Coordinates25.80236, -80.19946
Address2700 NW 2nd Ave Unit 642
CityMiami
StateFL
Zip33127
Listing ID9272691565
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 | $1,230,000 |
| Down payment (20.0%) | $246,000 |
| Loan amount | $984,000 |
| Closing costs (5.0%) | $61,500 |
| Total cash to close | $307,500 |
| Income | |
| Rent (comp-derived) | $4,100$49,200 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,772$45,264 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,948$23,370 |
| Insurance (placeholder 0.8% of price) | $820$9,840 |
| HOA dues | $1,230$14,760 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $205$2,460 |
| Total operating expenses | $4,203$50,430 |
| 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) | $205$2,460 |
| 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 | 950 | $2,995 | 2026-08-21 | — | |
| apartment | 2 | 1 | 628 | $2,000 | 2026-08-20 | — | |
| apartment | 2 | 1 | 600 | $2,250 | 2026-08-20 | — | |
| condos | 2 | 2 | 840 | $6,000 | 2026-08-14 | — | |
| apartment | 2 | 1 | 850 | $1,800 | 2026-08-14 | — | |
| apartment | 2 | 1 | 720 | $2,100 | 2026-08-12 | — | |
| apartment | 2 | 2 | 1,104 | $4,695 | 2026-07-27 | — | |
| apartment | 2 | 1 | 650 | $2,000 | 2026-07-06 | — | |
| apartment | 2 | 2 | 895 | $7,000 | 2026-06-29 | — | |
| apartment | 2 | 1 | 900 | $2,500 | 2026-06-25 | — | |
| condos | 2 | 2 | 1,069 | $4,412 | 2026-06-23 | — | |
| condos | 2 | 2 | 804 | $7,460 | 2026-06-17 | — | |
| apartment | 2 | 1 | 700 | $2,400 | 2026-06-17 | — | |
| condos | 2 | 2 | 840 | $5,500 | 2026-06-17 | — | |
| condos | 2 | 2 | 840 | $5,300 | 2026-06-11 | — | |
| apartment | 2 | 1 | 690 | $3,500 | 2026-06-08 | — | |
| apartment | 2 | 1 | 850 | $2,000 | 2026-05-28 | — | |
| apartment | 2 | 1 | 1,100 | $1,700 | 2026-04-17 | — | |
| apartment | 2 | 1 | 600 | $2,150 | 2025-09-02 | — | |
| apartment | 2 | 1 | 1,100 | $3,250 | 2026-04-24 | — | |
| apartment | 2 | 1 | 1,000 | $2,850 | 2026-04-09 | — | |
| apartment | 2 | 2 | 985 | $5,447 | 2026-03-25 | — | |
| apartment | 2 | 2 | 957 | $1,737 | — | — | |
| apartment | 2 | 2 | 957 | $1,737 | — | — | |
| condos | 2 | 2 | 893 | $3,490 | — | — | |
| apartment | 2 | 2 | 1,099 | $3,999 | — | — | |
| condos | 2 | 2 | 1,069 | $3,670 | — | — | |
| condos | 2 | 2 | 1,030 | $3,020 | — | — | |
| apartment | 2 | 1 | 812 | $3,437 | — | — | |
| condos | 2 | 2 | 1,024 | $3,497 | — | — | |
| condos | 2 | 2 | 1,029 | $3,470 | — | — | |
| apartment | 2 | 1 | 820 | $1,900 | 2026-08-27 | — | |
| condos | 2 | 2 | 1,011 | $3,650 | 2026-08-26 | — | |
| apartment | 2 | 2 | 807 | $4,075 | 2026-08-22 | — | |
| apartment | 2 | 2 | 966 | $4,120 | — | — | |
| apartment | 2 | 2 | 1,099 | $4,039 | — | — | |
| apartment | 2 | 2 | 1,046 | $4,013 | — | — | |
| apartment | 2 | 2 | 1,026 | $4,024 | — | — | |
| apartment | 2 | 1 | 793 | $3,423 | — | — | |
| condos | 2 | 2 | 966 | $4,410 | 2026-08-31 | — | |
| apartment | 2 | 2 | 1,050 | $4,390 | — | — | |
| apartment | 2 | 2 | 1,050 | $4,370 | — | — | |
| apartment | 2 | 2 | 1,069 | $4,336 | — | — | |
| apartment | 2 | 2 | 966 | $4,255 | — | — | |
| apartment | 2 | 2 | 1,050 | $4,540 | — | — | |
| apartment | 2 | 2 | 1,098 | $4,089 | — | — | |
| apartment | 2 | 2 | 894 | $4,235 | — | — | |
| apartment | 2 | 2 | 1,099 | $3,989 | — | — | |
| apartment | 2 | 2 | 1,041 | $4,063 | — | — | |
| apartment | 2 | 2 | 1,051 | $4,118 | — | — | |
| apartment | 2 | 2 | 894 | $4,311 | — | — | |
| apartment | 2 | 2 | 1,046 | $4,109 | — | — | |
| apartment | 2 | 2 | 807 | $4,100 | — | — | |
| apartment | 2 | 2 | 807 | $4,225 | — | — | |
| apartment | 2 | 2 | 807 | $4,225 | — | — | |
| apartment | 2 | 2 | 832 | $4,100 | — | — | |
| apartment | 2 | 2 | 807 | $4,050 | — | — | |
| apartment | 2 | 2 | 807 | $4,125 | — | — | |
| apartment | 2 | 2 | 877 | $4,325 | — | — | |
| apartment | 2 | 2 | 807 | $4,100 | — | — | |
| apartment | 2 | 2 | 807 | $4,125 | — | — | |
| apartment | 2 | 2 | 894 | $4,381 | — | — | |
| apartment | 2 | 2 | 988 | $4,423 | — | — | |
| apartment | 2 | 2 | 971 | $4,350 | — | — | |
| apartment | 2 | 2 | 971 | $4,450 | — | — | |
| apartment | 2 | 2 | 877 | $4,475 | — | — | |
| apartment | 2 | 2 | 877 | $4,400 | — | — | |
| apartment | 2 | 2 | 877 | $4,400 | — | — | |
| apartment | 2 | 2 | 877 | $4,475 | — | — | |
| condos | 2 | 1 | 950 | $2,050 | 2023-07-28 | — | |
| apartment | 2 | 1 | 550 | $2,000 | — | — | |
| condos | 2 | 2 | 840 | $5,300 | — | — | |
| condos | 2 | 2 | 804 | $6,750 | 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 |
|---|---|---|---|---|---|---|
| 1075 NW 28th St | multi_family | 2 | 2 | 1,266 | $525,000 | — |
| 2700 NW 2nd Ave Unit 442 | condos | 2 | 2 | — | $1,300,000 | — |
| 21 NW 61st St | single_family | 2 | 1 | 972 | $550,000 | — |
| 266 NW 32nd St | single_family | 2 | 1 | 1,343 | $1,200,000 | — |
| 2700 NW 2nd Ave Unit 422 | condos | 2 | 2 | 830 | $1,790,000 | — |
| 270-272 NW 35th St | multi_family | 2 | 2 | 900 | $900,000 | — |
| 1114 NW 59th St | single_family | 2 | 1 | 824 | $424,900 | — |
| 2700 NW 2nd Ave Unit 743 | condos | 2 | 2 | 840 | $1,275,900 | — |
10-year hold projection
IRR-8.1%
Equity multiple-0.38x
Total return (10yr)-$262,960
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,266,900 | -$5,166 | -$83,507 | $973,331 | $293,569 |
| 2 | $1,304,907 | -$5,069 | -$83,472 | $961,930 | $342,977 |
| 3 | $1,344,054 | -$4,962 | -$83,428 | $949,746 | $394,309 |
| 4 | $1,384,376 | -$4,846 | -$83,377 | $936,724 | $447,651 |
| 5 | $1,425,907 | -$4,720 | -$83,317 | $922,809 | $503,098 |
| 6 | $1,468,684 | -$4,584 | -$83,248 | $907,938 | $560,746 |
| 7 | $1,512,745 | -$4,436 | -$83,170 | $892,046 | $620,698 |
| 8 | $1,558,127 | -$4,276 | -$83,082 | $875,063 | $683,064 |
| 9 | $1,604,871 | -$4,105 | -$82,984 | $856,914 | $747,957 |
| 10 | $1,653,017 | -$3,921 | -$82,875 | $837,518 | $815,500 |
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.