1037 NW 1st Ave
Florida City, FL 33034 · condo_townhome_rowhome_coop · For Sale · 396 days on market
Asking price$425,490
4 beds 4 baths — sqft
Suggested offer$242,500$182,990 above the est. market value of $242,500.
View on Realtor.com →Listed by Nitza Chamizo · Florida Realty Of Miami Corp
Typecondo_townhome_rowhome_coop
Built2025
Price / sqft—
Est. value (own analysis)$242,500
Rent estimate (own analysis)$2,818/mo
HOA$167/mo
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Statusfor_sale
Listed date2025-08-02
Removed date—
MLSMiamiMLS #A11851440
Coordinates25.45801, -80.47817
Address1037 NW 1st Ave
CityFlorida City
StateFL
Zip33034
Listing ID9506006009
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 | $425,490 |
| Down payment (20.0%) | $85,098 |
| Loan amount | $340,392 |
| Closing costs (5.0%) | $21,275 |
| Total cash to close | $106,373 |
| Income | |
| Rent (comp-derived) | $2,818$33,810 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,592$31,105 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $674$8,084 |
| Insurance (placeholder 0.8% of price) | $284$3,404 |
| HOA dues | $167$2,004 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $141$1,691 |
| Total operating expenses | $1,265$15,183 |
| 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) | $141$1,691 |
| 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 | 4 | 3 | — | $3,650 | 2026-08-26 | — | |
| apartment | 4 | 3 | — | $3,200 | 2026-06-30 | — | |
| condos | 4 | 3 | 1,524 | $2,785 | 2026-05-26 | — | |
| condos | 4 | 3 | 1,524 | $2,785 | 2026-05-25 | — | |
| condos | 4 | 3 | 1,524 | $2,785 | 2026-05-26 | — | |
| condos | 4 | 3 | 1,600 | $2,850 | 2026-07-14 | — |
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 |
|---|---|---|---|---|---|---|
| 18927 SW 357 St | condo_townhome_rowhome_coop | 3 | 3 | 1,373 | $333,590 | 2026-08-31 |
| 35777 SW 189 Ct | condo_townhome_rowhome_coop | 4 | 4 | 1,610 | $375,640 | 2026-08-31 |
| 17946 SW 357th Ter | condo_townhome_rowhome_coop | 3 | 3 | 1,545 | $365,040 | 2026-08-28 |
| 805 N Franklin Ave Unit 805C | condos | 2 | 2 | 863 | $168,000 | 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 |
| 889 Hamilton Dr Unit 889D | condos | 2 | 2 | 960 | $185,000 | 2026-08-10 |
| 35250 SW 177th Ct Unit 136 | condo | 3 | 2 | 1,690 | $188,000 | 2026-08-03 |
| 1042 Adams Ave # 1042A | condo | 2 | 2 | 970 | $240,000 | 2026-07-31 |
| 1200 N Liberty Ave Unit 1200I | condos | 2 | 2 | 863 | $170,000 | 2026-07-31 |
| 35303 SW 180th Ave Lot 370 | condo | 2 | 2 | 1,170 | $245,000 | 2026-07-14 |
| 1190 Washington Cir # 1190C | condo | 2 | 2 | 960 | $170,000 | 2026-07-08 |
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.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| E Palm Dr & US 1 | townhomes | 4 | 3 | 1,557 | $999,999 | — |
| 19658 SW 337th Ter | single_family | 4 | 3 | 1,827 | $556,990 | — |
| SW 336 St & SW 194 Ave | single_family | 4 | 3 | 1,827 | $556,990 | — |
| 34870 SW 191st Court | single_family | 4 | 3 | 2,085 | $575,990 | — |
| 18925 SW 357 St | single_family | 4 | 3 | 1,552 | $365,740 | — |
| 35605 SW 180th Ave | single_family | 4 | 2 | 1,813 | $458,990 | — |
| SW 336 St & SW 194 Ave | single_family | 4 | 2 | 2,183 | $539,990 | — |
| 19424 SW 336th Ter | single_family | 4 | 3 | 1,827 | $556,990 | — |
10-year hold projection
IRR2.7%
Equity multiple1.44x
Total return (10yr)$102,060
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $438,255 | $15,922 | -$12,017 | $336,701 | $101,553 |
| 2 | $451,402 | $16,476 | -$11,506 | $332,757 | $118,645 |
| 3 | $464,944 | $17,048 | -$10,977 | $328,542 | $136,402 |
| 4 | $478,893 | $17,639 | -$10,431 | $324,038 | $154,855 |
| 5 | $493,260 | $18,250 | -$9,865 | $319,225 | $174,035 |
| 6 | $508,057 | $18,882 | -$9,280 | $314,080 | $193,977 |
| 7 | $523,299 | $19,534 | -$8,676 | $308,583 | $214,716 |
| 8 | $538,998 | $20,208 | -$8,051 | $302,708 | $236,290 |
| 9 | $555,168 | $20,904 | -$7,405 | $296,430 | $258,738 |
| 10 | $571,823 | $21,624 | -$6,737 | $289,720 | $282,103 |
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.