701 NE 24th St Unit 4007
Miami, FL 33137 · condos · For Sale · 384 days on market
Asking price$4,444,000
3 beds 4 baths 1,390 sqft
Suggested offer$1,253,581$3,190,419 above the est. market value of $1,253,581.
View on Realtor.com →Listed by Johnny Mansilla · Nest Seekers International, Midtown
Typecondos
Built—
Price / sqft$3197
Est. value (own analysis)$1,253,581
Rent estimate (own analysis)$8,650/mo
HOANone
1 / 13
Show every detail
Statusfor_sale
Listed date2025-08-14
Removed date—
MLSNestSeekers #2550981
Coordinates25.80028, -80.18614
Address701 NE 24th St Unit 4007
CityMiami
StateFL
Zip33137
Listing ID9397223920
Sourceus-real-estate-listings, cached 2026-08-30
ZIP market snapshot (33137)
Typical home value (ZHVI)$682,165
Typical rent (ZORI)$3,560/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 | $4,444,000 |
| Down payment (20.0%) | $888,800 |
| Loan amount | $3,555,200 |
| Closing costs (5.0%) | $222,200 |
| Total cash to close | $1,111,000 |
| Income | |
| Rent (comp-derived) | $8,650$103,800 |
| Vacancy loss (8.0%) | |
| Effective gross income | $7,958$95,496 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $7,036$84,436 |
| Insurance (placeholder 0.8% of price) | $2,963$35,552 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $433$5,190 |
| Total operating expenses | $10,432$125,178 |
| 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) | $433$5,190 |
| 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 |
|---|---|---|---|---|---|---|---|
| condos | 3 | 4 | 1,634 | $14,000 | 2026-08-19 | — | |
| condos | 3 | 3 | 1,783 | $9,000 | 2026-08-18 | — | |
| condos | 3 | 3 | 1,545 | $8,900 | — | — | |
| condos | 3 | 2 | 1,152 | $5,800 | 2026-08-18 | — | |
| condos | 3 | 3 | 1,649 | $12,375 | 2026-08-18 | — | |
| condos | 3 | 2 | 910 | $2,850 | 2026-08-17 | — | |
| condos | 3 | 3 | 1,542 | $13,950 | 2026-08-17 | — | |
| condos | 3 | 2 | 1,324 | $4,549 | 2026-08-15 | — | |
| condos | 3 | 4 | 1,435 | $10,500 | 2026-08-10 | — | |
| condos | 3 | 3 | 1,720 | $6,500 | 2026-08-10 | — | |
| condos | 3 | 4 | 1,641 | $13,500 | 2026-08-07 | — | |
| condos | 3 | 2 | 1,320 | $4,300 | 2026-08-07 | — | |
| condos | 3 | 2 | 1,363 | $4,250 | 2026-08-07 | — | |
| condos | 3 | 3 | 1,577 | $7,800 | 2026-08-06 | — | |
| condos | 3 | 3 | 1,505 | $6,100 | 2026-08-05 | — | |
| condos | 3 | 2 | 1,146 | $4,100 | 2026-08-05 | — | |
| condos | 3 | 4 | 1,634 | $12,500 | 2026-07-27 | — | |
| apartment | 3 | 3 | 1,647 | $11,000 | — | — | |
| condos | 3 | 3 | 1,283 | $8,600 | 2026-07-21 | — | |
| condos | 3 | 2 | 1,152 | $5,400 | 2026-07-16 | — | |
| apartment | 3 | 2 | 1,447 | $4,915 | 2026-07-13 | — | |
| condos | 3 | 3 | 1,435 | $6,100 | 2026-07-12 | — | |
| condos | 3 | 4 | 1,646 | $9,450 | 2026-07-10 | — | |
| apartment | 3 | 3 | 1,435 | $6,200 | 2026-07-08 | — | |
| condos | 3 | 3 | 1,545 | $9,200 | 2026-07-07 | — | |
| condos | 3 | 3 | 1,395 | $7,000 | 2026-07-03 | — | |
| apartment | 3 | 2 | 1,742 | $3,800 | 2026-07-03 | — | |
| condos | 3 | 3 | 1,731 | $12,500 | 2026-07-02 | — | |
| condos | 3 | 3 | 1,649 | $11,000 | 2026-06-30 | — | |
| condos | 3 | 3 | 1,868 | $13,000 | 2026-06-29 | — | |
| condos | 3 | 3 | 1,679 | $11,500 | 2026-06-25 | — | |
| condos | 3 | 3 | 1,545 | $10,000 | 2026-06-17 | — | |
| condos | 3 | 2 | 930 | $2,300 | 2026-06-17 | — | |
| condos | 3 | 2 | 1,146 | $4,250 | 2026-06-11 | — | |
| condos | 3 | 3 | 1,395 | $7,250 | 2026-04-09 | — | |
| condos | 3 | 3 | 1,306 | $11,500 | 2026-06-08 | — | |
| condos | 3 | 3 | 1,395 | $6,450 | 2026-06-06 | — | |
| condos | 3 | 4 | 1,698 | $10,000 | 2026-06-05 | — | |
| condos | 3 | 2 | 1,146 | $3,800 | 2026-06-04 | — | |
| condos | 3 | 3 | 1,708 | $10,900 | 2026-06-02 | — | |
| condos | 3 | 3 | 1,677 | $6,990 | 2026-06-01 | — | |
| condos | 3 | 4 | 1,641 | $13,000 | 2026-05-28 | — | |
| condos | 3 | 4 | 1,646 | $10,000 | 2026-05-20 | — | |
| condos | 3 | 3 | 1,435 | $7,500 | 2026-05-18 | — | |
| condos | 3 | 3 | 1,395 | $8,700 | 2026-05-01 | — | |
| condos | 3 | 3 | 1,649 | $9,900 | 2026-04-28 | — | |
| condos | 3 | 4 | 1,526 | $9,700 | 2026-08-04 | — | |
| condos | 3 | 4 | 1,646 | $8,900 | 2026-08-04 | — | |
| condos | 3 | 2 | 1,110 | $5,400 | 2026-08-04 | — | |
| condos | 3 | 4 | 1,526 | $9,000 | 2026-08-30 | — | |
| condos | 3 | 3 | 1,692 | $6,500 | 2026-08-01 | — | |
| apartment | 3 | 4 | 1,750 | $13,900 | 2026-07-29 | — | |
| condos | 3 | 3 | 1,545 | $8,500 | 2026-01-20 | — | |
| condos | 3 | 3 | 1,645 | $5,500 | 2023-02-09 | — | |
| condos | 3 | 3 | 1,649 | $9,000 | 2026-01-20 | — | |
| condos | 3 | 2 | 1,110 | $5,450 | 2026-03-18 | — | |
| condos | 3 | 2 | 1,152 | $5,700 | 2026-03-12 | — | |
| condos | 3 | 4 | 1,648 | $10,500 | 2026-02-05 | — | |
| condos | 3 | 2 | 1,324 | $7,500 | 2025-07-09 | — | |
| condos | 3 | 3 | 1,505 | $7,500 | 2026-04-20 | — | |
| condos | 3 | 3 | 1,649 | $9,500 | 2026-04-14 | — | |
| condos | 3 | 2 | 1,081 | $4,900 | 2026-04-03 | — | |
| condos | 3 | 3 | 1,708 | $12,500 | 2026-03-04 | — | |
| condos | 3 | 4 | 1,435 | $8,450 | 2026-01-09 | — | |
| condos | 3 | 4 | 1,634 | $14,000 | — | — | |
| condos | 3 | 4 | 1,634 | $10,000 | — | — | |
| condos | 3 | 2 | 1,152 | $5,700 | — | — | |
| apartment | 3 | 3 | 1,526 | $9,996 | — | — | |
| condos | 3 | 4 | 1,526 | $9,000 | — | — | |
| apartment | 3 | 2 | 1,245 | $4,872 | — | — | |
| apartment | 3 | 2 | 1,245 | $4,525 | — | — | |
| condos | 3 | 4 | 1,526 | $8,900 | 2026-08-25 | — | |
| condos | 3 | 4 | 1,634 | $12,000 | 2026-04-24 | — | |
| condos | 3 | 4 | 1,526 | $8,900 | — | — | |
| apartment | 3 | 4 | 1,634 | $11,000 | — | — | |
| condos | 3 | 2 | 1,081 | $4,900 | — | — | |
| apartment | 3 | 2 | 1,489 | $4,758 | — | — | |
| apartment | 3 | 3 | 1,241 | $5,677 | — | — | |
| condos | 3 | 3 | 1,545 | $9,000 | — | — | |
| apartment | 3 | 2 | 1,090 | $3,650 | 2025-03-21 | — | |
| apartment | 3 | 2 | 1,090 | $3,850 | 2025-03-21 | — | |
| condos | 3 | 3 | 1,708 | $12,500 | 2026-03-12 | — | |
| condos | 3 | 2 | 1,146 | $3,850 | 2026-08-28 | — | |
| condos | 3 | 4 | 1,522 | $13,500 | 2026-08-31 | — | |
| condos | 3 | 4 | 1,634 | $10,000 | 2026-09-01 | — | |
| condos | 3 | 3 | 1,395 | $7,250 | 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 |
|---|---|---|---|---|---|---|
| 2000 N Bayshore Dr Apt 1402 | condos | 3 | 2 | 1,332 | $535,000 | 2026-07-31 |
| 3131 NE 7th Ave Unit 304 | condos | 3 | 4 | 1,526 | $1,025,000 | 2026-07-24 |
| 650 NE 32nd St Unit 2201 | condos | 3 | 4 | 1,646 | $1,390,000 | 2026-07-24 |
| 600 NE 27th St Apt 2304 | condos | 3 | 3 | 1,584 | $845,000 | 2026-07-15 |
| 480 NE 31st St Unit 3007 | condos | 3 | 3 | 1,649 | $1,325,000 | 2026-07-10 |
| 3131 NE 7th Ave Unit 3306 | condos | 3 | 4 | 1,634 | $1,665,000 | 2026-06-24 |
| 600 NE 27th St Apt 3201 | condos | 3 | 3 | 1,547 | $955,000 | 2026-06-15 |
| 725 NE 22nd St Ph 3C | condos | 3 | 3 | 1,900 | $1,825,000 | 2026-06-12 |
| 788 NE 23rd St Unit 2101 | condos | 3 | 5 | 2,743 | $2,600,000 | 2026-06-08 |
| 480 NE 31st St Unit 2407 | condos | 3 | 3 | 1,649 | $1,250,000 | 2026-06-01 |
| 788 NE 23rd St Unit 2301 | condos | 3 | 5 | 2,727 | $2,850,000 | 2026-05-29 |
| 501 NE 31st St Unit 2906 | condos | 3 | 2 | 1,152 | $770,000 | 2026-05-22 |
| 2900 NE 7th Ave Unit 3107 | condos | 3 | 4 | 1,868 | $1,750,000 | 2026-05-20 |
| 700 NE 24th St Unit 4403 | condos | 3 | 4 | 1,885 | $1,700,000 | 2026-05-07 |
| 480 NE 31st St Unit 2007 | condos | 3 | 3 | 1,649 | $1,200,000 | 2026-05-07 |
| 2900 NE 7th Ave Unit 3307 | condos | 3 | 4 | 1,868 | $1,760,000 | 2026-04-30 |
| 2020 N Bayshore Dr Apt 1510 | condos | 3 | 3 | 1,679 | $1,787,000 | 2026-04-29 |
| 121 NE 34th St Unit 908 | condos | 3 | 4 | 1,435 | $990,000 | 2026-04-17 |
| 2020 N Bayshore Dr Apt 2110 | condos | 3 | 3 | 1,679 | $1,737,500 | 2026-04-13 |
| 700 NE 26th Ter Unit 5401 | condos | 3 | 5 | 2,362 | $3,075,000 | 2026-04-07 |
| 2000 N Bayshore Dr Apt 621 | condos | 3 | 2 | 1,427 | $790,000 | 2026-04-06 |
| 700 NE 24th St Unit 3303 | condos | 3 | 4 | — | $1,500,000 | 2026-04-02 |
| 3131 NE 7th Ave Unit 4203 | condos | 3 | 4 | 1,526 | $1,502,000 | 2026-03-20 |
| 665 NE 25th St Apt 206 | condos | 3 | 4 | 1,680 | $868,000 | 2026-03-17 |
| 700 NE 24th St Unit 4203 | condos | 3 | 4 | 1,643 | $1,720,000 | 2026-03-16 |
| 700 NE 24th St Unit 903 | condos | 3 | 4 | 1,618 | $1,600,000 | 2026-02-24 |
| 2900 NE 7th Ave Unit 1402 | condos | 3 | 4 | 1,698 | $1,435,000 | 2026-02-17 |
| 3131 NE 7th Ave Unit 603 | condos | 3 | 4 | 1,526 | $1,250,000 | 2026-02-13 |
| 2900 NE 7th Ave Unit 2407 | condos | 3 | 4 | 1,868 | $1,750,000 | 2026-02-11 |
| 700 NE 24th St Unit 2405 | condos | 3 | 4 | 1,759 | $1,770,000 | 2026-02-02 |
| 2020 N Bayshore Dr Apt 4103 | condos | 3 | 3 | 1,708 | $1,672,800 | 2026-01-27 |
| 600 NE 27th St Apt 705 | condos | 3 | 3 | 1,505 | $750,000 | 2026-01-09 |
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 |
|---|---|---|---|---|---|---|
| 456 NE 29th St Unit 901 | condos | 3 | 4 | 2,304 | $2,300,000 | — |
| 2000 N Bayshore Dr Apt 702 | condos | 3 | 2 | 1,332 | $590,000 | — |
| 328 NE 57th St | single_family | 3 | 2 | 1,170 | $899,000 | — |
| 600 NE 27th St Ph 2 | condos | 3 | 5 | 2,572 | $2,550,000 | — |
| 700 NE 26th Ter Unit 2202 | condos | 3 | 4 | 2,141 | $2,740,000 | — |
| 46 NE 43rd St | single_family | 3 | 2 | 972 | $1,350,000 | — |
| 788 NE 23rd St Unit 2102 | condos | 3 | 5 | 2,743 | $2,950,000 | — |
| 601 NE 23rd St Apt 1103 | condos | 3 | 2 | 1,320 | $579,000 | — |
10-year hold projection
IRR-8.7%
Equity multiple-0.47x
Total return (10yr)-$1,049,803
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $4,577,320 | -$29,682 | -$309,032 | $3,516,654 | $1,060,666 |
| 2 | $4,714,640 | -$29,947 | -$309,426 | $3,475,461 | $1,239,179 |
| 3 | $4,856,079 | -$30,203 | -$309,816 | $3,431,438 | $1,424,640 |
| 4 | $5,001,761 | -$30,452 | -$310,201 | $3,384,393 | $1,617,368 |
| 5 | $5,151,814 | -$30,692 | -$310,580 | $3,334,118 | $1,817,696 |
| 6 | $5,306,368 | -$30,921 | -$310,953 | $3,280,389 | $2,025,979 |
| 7 | $5,465,559 | -$31,141 | -$311,320 | $3,222,972 | $2,242,588 |
| 8 | $5,629,526 | -$31,349 | -$311,679 | $3,161,611 | $2,467,915 |
| 9 | $5,798,412 | -$31,546 | -$312,029 | $3,096,037 | $2,702,375 |
| 10 | $5,972,364 | -$31,730 | -$312,371 | $3,025,959 | $2,946,405 |
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.