2240 SW 13th St
Miami, FL 33145 · single_family · For Sale · 72 days on market
Asking price$1,475,000
5 beds 6 baths 2,600 sqft
Listed by DARLENE SUMMERLIN & MARIA CARBONELL · Real Estate Empire Group, Inc.
Typesingle_family
Built2026
Price / sqft$567
Est. value (own analysis)$1,481,402
Rent estimate (own analysis)$7,995/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood6/10major$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-06-22
Removed date—
MLSMiamiMLS #A12040859
Coordinates25.76015, -80.23135
Address2240 SW 13th St
CityMiami
StateFL
Zip33145
Listing ID9402525264
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33145)
Typical home value (ZHVI)$735,527
Typical rent (ZORI)$3,018/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 | $1,475,000 |
| Down payment (20.0%) | $295,000 |
| Loan amount | $1,180,000 |
| Closing costs (5.0%) | $73,750 |
| Total cash to close | $368,750 |
| Income | |
| Rent (comp-derived) | $7,995$95,940 |
| Vacancy loss (8.0%) | |
| Effective gross income | $7,355$88,265 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,335$28,025 |
| Insurance (est. scaled by flood & wind risk) | $1,721$20,650 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $400$4,797 |
| Total operating expenses | $4,456$53,472 |
| 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) | $400$4,797 |
| 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 |
|---|---|---|---|---|---|---|---|
| single_family | 5 | 3 | 3,174 | $7,995 | 2026-07-06 | — | |
| single_family | 5 | 6 | 4,496 | $22,500 | 2025-10-06 | — | |
| single_family | 5 | 2 | 1,898 | $5,700 | 2026-08-31 | — |
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 |
|---|---|---|---|---|---|---|
| 1712 SW 13th St | single_family | 5 | 3 | 2,514 | $822,000 | 2026-06-30 |
| 1721 SW 24th Ter | single_family | 5 | 4 | 1,951 | $975,000 | 2026-06-26 |
| 1511 SW 20th Ct | single_family | 5 | 2 | 2,020 | $1,150,000 | 2026-04-27 |
| 2606 SW 19th St | single_family | 5 | 5 | 2,999 | $2,250,000 | 2026-04-17 |
| 1401 SW 21st St | single_family | 5 | 3 | 2,479 | $1,265,000 | 2026-01-09 |
| 3000 SW 20th St | single_family | 5 | 4 | 2,636 | $2,250,000 | 2025-12-01 |
| 1242 SW 21st Ter | single_family | 5 | 3 | 1,438 | $820,000 | 2025-11-18 |
| 2021 SW 23rd St | single_family | 5 | 3 | 2,070 | $1,550,000 | 2025-09-05 |
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 |
|---|---|---|---|---|---|---|
| 2171 SW 21st St | single_family | 5 | 4 | 1,847 | $870,000 | — |
| 2239 SW 14th St | townhomes | 5 | 6 | 2,600 | $1,475,000 | — |
| 1791 SW 14th St | single_family | 5 | 3 | 1,903 | $1,160,000 | — |
| 2107 SW 31st Ave | single_family | 5 | 3 | 2,246 | $1,275,000 | — |
| 2153 SW 13th St | single_family | 5 | 3 | 2,864 | $1,490,000 | — |
| 2543 SW 15th St | single_family | 5 | 3 | 2,213 | $1,175,000 | — |
| 1520 SW 22nd Ave | multi_family | 5 | 4 | 2,484 | $1,475,000 | — |
| 1760 SW 16th Ter | single_family | 5 | 4 | 2,164 | $1,595,000 | — |
10-year hold projection
IRR-1.0%
Equity multiple0.84x
Total return (10yr)$132,024
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,519,250 | $34,793 | -$61,000 | $1,167,206 | $352,044 |
| 2 | $1,564,828 | $36,104 | -$59,809 | $1,153,534 | $411,294 |
| 3 | $1,611,772 | $37,461 | -$58,575 | $1,138,922 | $472,850 |
| 4 | $1,660,125 | $38,866 | -$57,296 | $1,123,308 | $536,818 |
| 5 | $1,709,929 | $40,320 | -$55,971 | $1,106,621 | $603,309 |
| 6 | $1,761,227 | $41,824 | -$54,599 | $1,088,788 | $672,439 |
| 7 | $1,814,064 | $43,382 | -$53,177 | $1,069,730 | $744,334 |
| 8 | $1,868,486 | $44,993 | -$51,705 | $1,049,364 | $819,122 |
| 9 | $1,924,540 | $46,661 | -$50,180 | $1,027,599 | $896,941 |
| 10 | $1,982,277 | $48,386 | -$48,600 | $1,004,340 | $977,937 |
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.