2320 Garfield St
Hollywood, FL 33020 · multi_family · For Sale · 131 days on market
Asking price$1,299,000
8 beds 8 baths 2,700 sqft
Suggested offer$932,661$366,339 above the est. market value of $932,661.
View on Realtor.com →Listed by Pedro Barbosa · Sustainable RE, LLC.
Typemulti_family
Built2024
Price / sqft$481
Est. value (own analysis)$932,661
Rent estimate (building total, own analysis)$7,398/mo
HOANone
1 / 16
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Statusfor_sale
Listed date2026-04-24
Removed date—
MLSMiamiMLS #A12007433
Coordinates26.02125, -80.15404
Address2320 Garfield St
CityHollywood
StateFL
Zip33020
Listing ID9457268112
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33020)
Median sale price$489,000
Median days on market (sale)94
Active sale listings625
Median rent$2,000/mo
Median days on market (rent)33
Active rental listings1144
Real ZIP-wide statistics from RentCast, as of 2026-09 (fetched 2026-09-03) — this is the whole ZIP's market, not specific to this property. Re-analyzing spends one of the account's 50 free monthly lookups. Our own log shows at least 6 of the 50 free monthly RentCast requests used — that only counts calls made through this app, so it can undercount. RentCast's own account dashboard has the real total.
Re-analyze ZIP 33020 (≥6 of 50 per our log)Underwriting (buy-and-hold, default assumptions)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $1,299,000 |
| Down payment (20.0%) | $259,800 |
| Loan amount | $1,039,200 |
| Closing costs (5.0%) | $64,950 |
| Total cash to close | $324,750 |
| Income | |
| Rent (estimate) | $7,398$88,776 |
| Vacancy loss (8.0%) | |
| Effective gross income | $6,806$81,674 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,057$24,681 |
| Insurance (placeholder 0.8% of price) | $866$10,392 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $370$4,439 |
| Total operating expenses | $3,293$39,512 |
| 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) | $370$4,439 |
| 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.
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 |
|---|---|---|---|---|---|---|
| 2419-2421 Johnson St Units 2419 & 2421 | multi_family | 5 | 4 | 2,287 | $590,000 | 2026-08-19 |
| 1633 Tyler St # 1-2 | multi_family | — | 0 | 2,400 | $1,230,000 | 2026-08-10 |
| 2140 Monroe St | multi_family | — | 0 | 9,054 | $2,300,000 | 2026-08-10 |
| 1936 Washington St # N | multi_family | — | 0 | 1,940 | $690,000 | 2026-08-07 |
| 1807 N 17th Ave # 1-4 | multi_family | 5 | 4 | 2,733 | $950,000 | 2026-08-06 |
| 1116 S 17th Ave | multi_family | 5 | 5 | 2,688 | $720,000 | 2026-07-17 |
| 316 N 28th Ave | multi_family | — | — | 3,266 | $575,000 | 2026-07-01 |
| 1618 Harding St | multi_family | 3 | 3 | 1,716 | $475,000 | 2026-06-25 |
| 2242 Taylor St | multi_family | 2 | 3 | 1,500 | $520,000 | 2026-06-15 |
| 2030 Taylor St | multi_family | — | — | 1,370 | $1,150 | 2026-06-01 |
| 1400 N 17th Ave | multi_family | 22 | 26 | 12,752 | $4,362,500 | 2026-05-29 |
| 2306 Simms St # 1-2 | multi_family | 4 | 2 | 1,500 | $470,000 | 2026-05-27 |
| 2440 Hayes St | multi_family | — | — | 3,450 | $799,000 | 2026-05-25 |
| 2306 Simms St | multi_family | — | — | 1,536 | $470,000 | 2026-05-21 |
| 1956 Madison St | multi_family | — | — | 1,593 | $568,000 | 2026-05-12 |
| 1512 Harrison St # 1-9 | multi_family | — | 0 | 5,374 | $1,018,700 | 2026-05-11 |
| 1929 Roosevelt St # 1-5 | multi_family | 7 | 4 | 3,237 | $1,650,000 | 2026-05-07 |
| 1323 N Federal Hwy | multi_family | 9 | 8 | 4,829 | $1,200,000 | 2026-04-21 |
| 611 S 24th Ave | multi_family | 3 | 6 | 496 | $1,245,000 | 2026-04-20 |
| 2226 Taylor St | multi_family | 4 | 4 | 2,030 | $573,000 | 2026-04-13 |
| 2235 Coolidge St | multi_family | 2 | 2 | 1,612 | $585,000 | 2026-04-08 |
| 2535 Lincoln St | multi_family | 5 | — | 3,200 | $990,000 | 2026-04-01 |
| 2463 Pierce St | multi_family | 2 | 2 | 1,423 | $965,000 | 2026-03-25 |
| 2459 Pierce St | multi_family | — | — | 2,960 | $965,000 | 2026-03-20 |
| 2516 Cleveland St | multi_family | 3 | 1 | 1,517 | $608,000 | 2026-03-18 |
| 2314 Polk St | multi_family | — | 0 | 1,050 | $2,900,000 | 2026-03-16 |
| 2314 Polk St | multi_family | — | — | 7,632 | $2,900,000 | 2026-03-12 |
| 2229-31 Farragut St | multi_family | — | — | 1,320 | $460,000 | 2026-03-11 |
| 2516 Cleveland St | multi_family | — | — | 2,113 | $608,000 | 2026-03-10 |
| 2020 Washington St Apt 1 | multi_family | 8 | 8 | 4,095 | $1,720,000 | 2026-02-26 |
| 1310 N 24th Ave | multi_family | — | — | 1,718 | $550,000 | 2026-02-26 |
| 1640 McKinley St | multi_family | 2 | 1 | 8,203 | $2,925,000 | 2026-02-20 |
| 1640 McKinley St | multi_family | — | — | 8,203 | $2,925,000 | 2026-02-20 |
| 1700 Hayes St | multi_family | 3 | 3 | 1,740 | $2,700,000 | 2026-02-19 |
| 1018 N 17th Ave | multi_family | 7 | 4 | 3,950 | $2,700,000 | 2026-02-19 |
| 1014 N 17th Ave | multi_family | 2 | 2 | 1,518 | $2,700,000 | 2026-02-19 |
| 1828 Plunkett St | multi_family | — | — | 5,017 | $540,000 | 2026-02-09 |
| 1960 Rodman St # 1-10 | multi_family | — | 0 | 2,535 | $572,000 | 2026-02-06 |
| 2100 N 14th Ave | multi_family | — | — | 1,784 | $660,000 | 2026-01-21 |
| 1909-1911 Mayo St | multi_family | — | — | 1,676 | $590,000 | 2026-01-20 |
| 1923 Roosevelt St | multi_family | — | — | 3,733 | $620,000 | 2026-01-19 |
| 1114 N 17th Ct | multi_family | — | 0 | 1,854 | $575,000 | 2026-01-15 |
| 2245 Sheridan St | multi_family | — | 0 | 1,500 | $505,000 | 2026-01-01 |
| 1621 Van Buren St | multi_family | — | 10 | 4,622 | $2,100,000 | 2025-12-23 |
| 1931 Pierce St # 1-3 | multi_family | 3 | 2 | 2,850 | $862,500 | 2025-12-22 |
| 1505 Washington St | multi_family | 12 | 12 | 3,692 | $2,265,000 | 2025-12-19 |
| 1621 Van Buren St | multi_family | — | — | 5,058 | $2,100,000 | 2025-12-18 |
| 1629 Mayo St # 1-2 | multi_family | — | 0 | 1,351 | $465,000 | 2025-12-04 |
| 2114 Roosevelt St | multi_family | — | 0 | 1,626 | $500,000 | 2025-11-06 |
| 2435 Wilson St | multi_family | — | — | 1,111 | $485,000 | 2025-10-28 |
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 |
|---|---|---|---|---|---|---|
| 2240 Simms St | multi_family | 8 | 4 | 2,400 | $840,000 | — |
| 2447 Roosevelt St | multi_family | 8 | 5 | 2,839 | $990,000 | — |
| 1859 Lincoln St | multi_family | 8 | 8 | 3,869 | $1,450,000 | — |
10-year hold projection
IRR1.4%
Equity multiple1.23x
Total return (10yr)$243,970
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,337,970 | $42,162 | -$42,415 | $1,027,933 | $310,037 |
| 2 | $1,378,109 | $43,625 | -$41,063 | $1,015,892 | $362,217 |
| 3 | $1,419,452 | $45,136 | -$39,666 | $1,003,024 | $416,428 |
| 4 | $1,462,036 | $46,697 | -$38,221 | $989,272 | $472,764 |
| 5 | $1,505,897 | $48,311 | -$36,727 | $974,577 | $531,320 |
| 6 | $1,551,074 | $49,978 | -$35,182 | $958,872 | $592,202 |
| 7 | $1,597,606 | $51,701 | -$33,584 | $942,088 | $655,518 |
| 8 | $1,645,534 | $53,482 | -$31,933 | $924,152 | $721,382 |
| 9 | $1,694,900 | $55,321 | -$30,226 | $904,984 | $789,916 |
| 10 | $1,745,747 | $57,221 | -$28,460 | $884,500 | $861,247 |
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.