525 NW 2nd Ave
Miami, FL 33136 · condos · For Sale · 832 days on market
Asking price$559,000
— beds — baths 439 sqft
Suggested offer$143,934$415,066 above the est. market value of $143,934.
View on Realtor.com →Listed by Johnny Mansilla · Nest Seekers International, Midtown
Typecondos
Built—
Price / sqft$1273
Est. value (own analysis)$143,934
Rent estimate (Zillow ZIP avg)$2,599/mo
HOANone
1 / 25
Show every detail
Statusfor_sale
Listed date2024-05-23
Removed date—
MLSNestSeekers #3635810
Coordinates25.77940, -80.19759
Address525 NW 2nd Ave
CityMiami
StateFL
Zip33136
Listing ID9329684796
Sourceus-real-estate-listings, cached 2026-08-30
ZIP market snapshot (33136)
Typical home value (ZHVI)$317,970
Typical rent (ZORI)$2,599/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 | $559,000 |
| Down payment (20.0%) | $111,800 |
| Loan amount | $447,200 |
| Closing costs (5.0%) | $27,950 |
| Total cash to close | $139,750 |
| Income | |
| Rent (ZIP avg, ZORI — not bedroom-specific) | $2,599$31,185 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,391$28,690 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $885$10,621 |
| Insurance (placeholder 0.8% of price) | $373$4,472 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $130$1,559 |
| Total operating expenses | $1,388$16,652 |
| 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) | $130$1,559 |
| 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.
No active rental listings cached yet for this bedroom count.
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 |
|---|---|---|---|---|---|---|
| 483 NW 19th St Unit 362 | condos | 2 | 1 | 782 | $218,000 | 2026-08-26 |
| 816 NW 11th St Apt 801 | condos | 2 | 2 | 1,067 | $335,000 | 2026-08-17 |
| 816 NW 11th St Apt 806 | condos | 2 | 2 | 891 | $301,000 | 2026-07-30 |
| 850 N Miami Ave Unit W2003 | condos | 2 | 2 | 914 | $320,000 | 2026-07-21 |
| 850 N Miami Ave Unit W1903 | condos | 2 | 2 | 914 | $300,000 | 2026-07-14 |
| 850 N Miami Ave Unit W605 | condos | 1 | 1 | 689 | $235,000 | 2026-06-22 |
| 201 NW 7th St Apt 307 | condos | 2 | 2 | 1,037 | $350,000 | 2026-06-15 |
| 201 NW 7th St Apt 103 | condos | 2 | 2 | 1,037 | $340,000 | 2026-06-08 |
| 850 N Miami Ave Unit W609 | condos | 2 | 2 | 914 | $280,000 | 2026-05-14 |
| 850 N Miami Ave Apt 703 | condos | 2 | 2 | 914 | $272,000 | 2026-04-16 |
| 850 N Miami Ave Unit W1503 | condos | 2 | 2 | 914 | $295,000 | 2026-03-19 |
| 1350 NW 8th Ct Unit A1-6 | condos | 1 | 1 | 743 | $210,000 | 2026-03-02 |
| 850 N Miami Ave Unit W1804 | condos | 2 | 2 | 914 | $305,000 | 2026-02-18 |
| 816 NW 11th St Apt 505 | condos | 2 | 2 | 882 | $270,000 | 2025-10-06 |
| 1010 NW 11th St Apt 601 | condos | 2 | 2 | 918 | $320,000 | 2025-09-28 |
| 816 NW 11th St Apt 405 | condos | 2 | 2 | 882 | $270,000 | 2025-09-19 |
| 800 N Miami Ave Unit E809 | condos | 2 | 2 | 914 | $313,000 | 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.
No other cached listings nearby for this bedroom count yet.
10-year hold projection
IRR-1.5%
Equity multiple0.76x
Total return (10yr)$38,834
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $575,770 | $12,038 | -$24,007 | $442,351 | $133,419 |
| 2 | $593,043 | $12,482 | -$23,602 | $437,170 | $155,873 |
| 3 | $610,834 | $12,942 | -$23,182 | $431,632 | $179,202 |
| 4 | $629,159 | $13,418 | -$22,747 | $425,715 | $203,445 |
| 5 | $648,034 | $13,910 | -$22,297 | $419,390 | $228,644 |
| 6 | $667,475 | $14,419 | -$21,831 | $412,632 | $254,843 |
| 7 | $687,499 | $14,946 | -$21,348 | $405,410 | $282,090 |
| 8 | $708,124 | $15,491 | -$20,848 | $397,691 | $310,433 |
| 9 | $729,368 | $16,055 | -$20,331 | $389,443 | $339,926 |
| 10 | $751,249 | $16,638 | -$19,795 | $380,628 | $370,622 |
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.