1020 SW 2nd St
Miami, FL 33130 · multi_family · For Sale · 12 days on market
Asking price$6,500,000
1 beds 1 baths 8,438 sqft
Suggested offer$2,920,645$3,579,355 above the est. market value of $2,920,645.
View on Realtor.com →Listed by Ambarina Pernia Montero · Real Estate Sales Force
Typemulti_family
Built1920
Price / sqft$770
Est. value (own analysis)$2,920,645
Rent estimate (building total, own analysis)$33,752/mo
HOANone
1 / 12
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Statusfor_sale
Listed date2026-08-21
Removed date—
MLSMiamiMLS #A12075566
Coordinates25.77135, -80.21183
Address1020 SW 2nd St
CityMiami
StateFL
Zip33130
Listing ID9560615344
Sourceus-real-estate-listings, cached 2026-08-29
ZIP market snapshot (33130)
Typical home value (ZHVI)$515,336
Typical rent (ZORI)$3,262/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 | $6,500,000 |
| Down payment (20.0%) | $1,300,000 |
| Loan amount | $5,200,000 |
| Closing costs (5.0%) | $325,000 |
| Total cash to close | $1,625,000 |
| Income | |
| Rent (estimate) | $33,752$405,024 |
| Vacancy loss (8.0%) | |
| Effective gross income | $31,052$372,622 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $10,292$123,500 |
| Insurance (placeholder 0.8% of price) | $4,333$52,000 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $1,688$20,251 |
| Total operating expenses | $16,313$195,751 |
| 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) | $1,688$20,251 |
| 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 |
|---|---|---|---|---|---|---|
| 315 SW 10th Ave | multi_family | — | — | 1,938 | $880,000 | 2026-09-01 |
| 311 SW 10th Ave | multi_family | — | — | 1,945 | $440,000 | 2026-09-01 |
| 443 SW 4th Ave | multi_family | — | — | 3,240 | $1,310,000 | 2026-08-10 |
| 990 SW 9th St | multi_family | — | — | 2,258 | $800,000 | 2026-07-22 |
| 516 SW 7th Ct | multi_family | — | — | 3,400 | $1,051,000 | 2026-06-29 |
| 1050 SW 10th St | multi_family | — | — | 2,408 | $625,000 | 2026-06-18 |
| 829 SW 3rd St | multi_family | 8 | 2 | 3,276 | $675,000 | 2026-04-22 |
| 959 SW 6th St | multi_family | — | — | 3,094 | $1,150,000 | 2026-03-19 |
| 945 SW 4th St | multi_family | 12 | 6 | 4,284 | $1,450,000 | 2026-03-02 |
| 152 SW 9th St | multi_family | 14 | 8 | 5,491 | $113,600 | 2025-12-31 |
| 763 SW 5th St Apt 202 | multi_family | 17 | 9 | 10,568 | $2,800,000 | 2025-12-26 |
| 1068 SW 2nd St | multi_family | — | — | 1,250 | $675,000 | 2025-12-18 |
| 527 SW 7th Ct | multi_family | — | — | 5,249 | $1,555,000 | 2025-11-25 |
| 720 SW 5th St | multi_family | — | — | 5,249 | $1,550,000 | 2025-11-25 |
| 461 SW 9th St | multi_family | 5 | 5 | 2,945 | $1,500,000 | 2025-11-13 |
| 700 SW 4th St | multi_family | 12 | 6 | 4,550 | $1,400,000 | 2025-10-20 |
| 519 SW 5th Ave | multi_family | 12 | 12 | 8,049 | $2,850,000 | 2025-10-16 |
| 434 SW 6th St | multi_family | 12 | 6 | 5,052 | $2,180,000 | 2025-09-24 |
| 1150 SW 9th St | multi_family | 4 | 2 | 1,922 | $680,000 | 2025-09-09 |
| 900 SW 5th Ave | multi_family | — | — | 2,446 | $1,255,000 | 2025-09-08 |
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 |
|---|---|---|---|---|---|---|
| 90 SW 3rd St Apt 1608 | condos | 1 | 1 | 736 | $390,000 | — |
| 1100 S Miami Ave Apt 2608 | condos | 1 | 1 | 812 | $523,000 | — |
| 45 SW 9th St Apt 1604 | condos | 1 | 2 | 843 | $559,000 | — |
| 801 S Miami Ave Unit 2306 | condos | 1 | 2 | 881 | $615,000 | — |
| 60 SW 13th St Apt 4008 | condos | 1 | 2 | 686 | $440,000 | — |
| 690 SW 1st Ct Apt 1934 | condos | 1 | 1 | 602 | $330,999 | — |
| 90 SW 3rd St Unit 300B | condos | 1 | 2 | 1,111 | $489,879 | — |
| 999 SW 1st Ave Apt 2009 | condos | 1 | 1 | 819 | $458,000 | — |
10-year hold projection
IRR0.0%
Equity multiple1.00x
Total return (10yr)$851,294
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $6,695,000 | $176,871 | -$244,380 | $5,143,620 | $1,551,380 |
| 2 | $6,895,850 | $183,156 | -$238,601 | $5,083,369 | $1,812,481 |
| 3 | $7,102,726 | $189,654 | -$232,622 | $5,018,981 | $2,083,745 |
| 4 | $7,315,807 | $196,372 | -$226,436 | $4,950,170 | $2,365,637 |
| 5 | $7,535,281 | $203,317 | -$220,036 | $4,876,635 | $2,658,647 |
| 6 | $7,761,340 | $210,497 | -$213,415 | $4,798,049 | $2,963,291 |
| 7 | $7,994,180 | $217,919 | -$206,566 | $4,714,067 | $3,280,113 |
| 8 | $8,234,006 | $225,592 | -$199,480 | $4,624,318 | $3,609,687 |
| 9 | $8,481,026 | $233,523 | -$192,151 | $4,528,406 | $3,952,620 |
| 10 | $8,735,456 | $241,721 | -$184,569 | $4,425,907 | $4,309,549 |
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.