35508 SW 191 Ave
Miami, FL 33034 · condo_townhome_rowhome_coop · For Sale · 21 days on market
Asking price$354,673
3 beds 3 baths 1,330 sqft
Suggested offer$323,143$31,530 above the est. market value of $323,143.
View on Realtor.com →Listed by Rene Santa Maria · Lennar - Southeast FL
Typecondo_townhome_rowhome_coop
Built2026
Price / sqft$267
Est. value (own analysis)$323,143
Rent estimate (own analysis)$2,525/mo
HOA$180/mo
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Statusfor_sale
Listed date2026-08-12
Removed date—
MLSMiamiMLS #A12070252
Coordinates—
Address35508 SW 191 Ave
CityMiami
StateFL
Zip33034
Listing ID9470193539
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33034)
Typical home value (ZHVI)$382,671
Typical rent (ZORI)$2,436/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 | $354,673 |
| Down payment (20.0%) | $70,935 |
| Loan amount | $283,738 |
| Closing costs (5.0%) | $17,734 |
| Total cash to close | $88,668 |
| Income | |
| Rent (comp-derived) | $2,525$30,300 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,323$27,876 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $562$6,739 |
| Insurance (placeholder 0.8% of price) | $236$2,837 |
| HOA dues | $180$2,160 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $126$1,515 |
| Total operating expenses | $1,104$13,251 |
| 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) | $126$1,515 |
| 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 | 3 | 3 | 1,200 | $2,500 | 2026-08-07 | — | |
| apartment | 3 | 3 | 1,200 | $2,500 | 2026-08-10 | — | |
| apartment | 3 | 2 | 1,080 | $2,200 | 2026-07-20 | — | |
| apartment | 3 | 3 | 1,558 | $2,750 | 2026-08-21 | — | |
| condos | 3 | 3 | 1,356 | $2,300 | 2026-07-23 | — | |
| condos | 3 | 3 | 1,330 | $2,350 | 2026-07-09 | — | |
| condos | 3 | 3 | 1,425 | $2,550 | 2026-06-26 | — | |
| condos | 3 | 3 | 1,433 | $2,800 | 2025-10-20 | — | |
| condos | 3 | 3 | 1,374 | $2,570 | 2026-05-26 | — | |
| condos | 3 | 3 | 1,440 | $2,695 | 2026-05-26 | — | |
| condos | 3 | 3 | 1,376 | $2,700 | 2026-06-02 | — | |
| apartment | 3 | 1 | 900 | $1,975 | 2024-04-15 | — |
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 |
|---|---|---|---|---|---|---|
| 18927 SW 357 St | condo_townhome_rowhome_coop | 3 | 3 | 1,373 | $333,590 | 2026-08-31 |
| 17946 SW 357th Ter | condo_townhome_rowhome_coop | 3 | 3 | 1,545 | $365,040 | 2026-08-28 |
| 1225 NW 9th Ave | condo | 3 | 2 | 1,265 | $629,000 | 2026-08-11 |
| 1223 NW 9th Ave | condo | 3 | 2 | 1,265 | $629,000 | 2026-08-11 |
| 35250 SW 177th Ct Unit 136 | condo | 3 | 2 | 1,690 | $188,000 | 2026-08-03 |
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 |
|---|---|---|---|---|---|---|
| 1431 NE 5th Avenue | townhomes | 3 | 2 | 1,448 | $450,990 | — |
| 35605 SW 180th Ave | single_family | 3 | 2 | 1,414 | $342,990 | — |
| 35817 SW 178th Ct | townhomes | 3 | 3 | 1,338 | $393,790 | — |
| SW 328 St & SW 172nd Ave | single_family | 3 | 2 | 1,545 | $363,990 | — |
| 18917 SW 357 St | condo_townhome_rowhome_coop | 3 | 3 | 1,460 | $347,090 | — |
| 18927 SW 357 St | condo_townhome_rowhome_coop | 3 | 3 | 1,373 | $343,590 | — |
| SW 336 St & SW 194 Ave | single_family | 3 | 2 | 1,732 | $546,990 | — |
| 35605 SW 180th Ave | single_family | 3 | 2 | 1,545 | $351,990 | — |
10-year hold projection
IRR3.7%
Equity multiple1.60x
Total return (10yr)$99,547
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $365,313 | $14,625 | -$8,771 | $280,662 | $84,651 |
| 2 | $376,273 | $15,130 | -$8,304 | $277,374 | $98,898 |
| 3 | $387,561 | $15,652 | -$7,821 | $273,861 | $113,700 |
| 4 | $399,188 | $16,191 | -$7,321 | $270,106 | $129,081 |
| 5 | $411,163 | $16,748 | -$6,805 | $266,094 | $145,069 |
| 6 | $423,498 | $17,323 | -$6,271 | $261,806 | $161,692 |
| 7 | $436,203 | $17,918 | -$5,719 | $257,223 | $178,980 |
| 8 | $449,289 | $18,532 | -$5,149 | $252,326 | $196,963 |
| 9 | $462,768 | $19,167 | -$4,559 | $247,093 | $215,675 |
| 10 | $476,651 | $19,823 | -$3,950 | $241,500 | $235,151 |
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.