2841 SW 38th Ct Unit B
Miami, FL 33134 · townhomes · For Sale · 91 days on market
Asking price$1,950,000
4 beds 4 baths 2,671 sqft
Suggested offer$887,965$1,062,035 above the est. market value of $887,965.
View on Realtor.com →Listed by David Torres · Preztige Realty, LLC
Typetownhomes
Built2025
Price / sqft$730
Est. value (Zillow ZIP avg)$887,965
Rent estimate (own analysis)$4,300/mo
HOANone
1 / 3
Show every detail
Statusfor_sale
Listed date2026-06-03
Removed date—
MLSMiamiMLS #A12030132
Coordinates25.73785, -80.25699
Address2841 SW 38th Ct Unit B
CityMiami
StateFL
Zip33134
Listing ID9571053935
Sourceus-real-estate-listings, cached 2026-08-30
ZIP market snapshot (33134)
Typical home value (ZHVI)$887,965
Typical rent (ZORI)$3,095/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 | $1,950,000 |
| Down payment (20.0%) | $390,000 |
| Loan amount | $1,560,000 |
| Closing costs (5.0%) | $97,500 |
| Total cash to close | $487,500 |
| Income | |
| Rent (comp-derived) | $4,300$51,600 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,956$47,472 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $3,088$37,050 |
| Insurance (placeholder 0.8% of price) | $1,300$15,600 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $215$2,580 |
| Total operating expenses | $4,603$55,230 |
| 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) | $215$2,580 |
| 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
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| townhomes | 4 | 4 | 1,946 | $5,800 | 2026-08-17 | — | |
| townhomes | 4 | 3 | 1,976 | $4,500 | 2026-08-13 | — | |
| townhomes | 4 | 3 | 1,774 | $4,000 | 2026-08-06 | — | |
| townhomes | 4 | 4 | 2,532 | $8,700 | 2026-08-05 | — | |
| townhomes | 4 | 5 | 2,988 | $10,500 | 2026-07-27 | — | |
| townhomes | 4 | 2 | 1,848 | $3,950 | 2026-07-16 | — | |
| townhomes | 4 | 5 | 2,750 | $8,999 | 2026-07-13 | — | |
| townhomes | 4 | 3 | 1,876 | $3,500 | 2026-05-22 | — | |
| townhomes | 4 | 4 | 2,238 | $10,900 | 2026-06-22 | — | |
| townhomes | 4 | 3 | 2,300 | $4,300 | 2026-08-04 | — | |
| townhomes | 4 | 3 | 2,000 | $3,300 | 2026-07-31 | — | |
| townhomes | 4 | 3 | 2,308 | $4,050 | 2026-07-29 | — | |
| townhomes | 4 | 3 | 1,899 | $3,500 | 2026-03-11 | — | |
| townhomes | 4 | 3 | 3,024 | $3,750 | 2026-04-09 | — | |
| townhomes | 4 | 5 | 2,757 | $18,000 | 2024-10-22 | — |
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.
No recent recorded sales cached yet for this ZIP.
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 |
|---|---|---|---|---|---|---|
| 4701 SW 7th St | single_family | 4 | 3 | 1,830 | $750,000 | — |
| 4870 SW 6th St | single_family | 4 | 3 | 1,682 | $700,000 | — |
| 3788 SW 27th Ln | multi_family | 4 | 2 | 1,980 | $1,250,000 | — |
| 5330 SW 7th St | single_family | 4 | 3 | 2,424 | $2,500,000 | — |
| 2893-2895 SW 37th Ct | multi_family | 4 | 3 | 1,935 | $915,000 | — |
| 4450 W Flagler St | multi_family | 4 | 4 | 2,103 | $1,000,000 | — |
| 4251 SW 11th St | single_family | 4 | 4 | 3,736 | $2,990,000 | — |
| 3750 SW 27th St | multi_family | 4 | 2 | 1,690 | $1,174,999 | — |
10-year hold projection
IRR-8.0%
Equity multiple-0.35x
Total return (10yr)-$403,587
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $2,008,500 | -$7,758 | -$130,638 | $1,543,086 | $465,414 |
| 2 | $2,068,755 | -$7,715 | -$130,659 | $1,525,011 | $543,744 |
| 3 | $2,130,818 | -$7,663 | -$130,673 | $1,505,694 | $625,123 |
| 4 | $2,194,742 | -$7,603 | -$130,681 | $1,485,051 | $709,691 |
| 5 | $2,260,584 | -$7,533 | -$130,681 | $1,462,990 | $797,594 |
| 6 | $2,328,402 | -$7,455 | -$130,673 | $1,439,415 | $888,987 |
| 7 | $2,398,254 | -$7,366 | -$130,658 | $1,414,220 | $984,034 |
| 8 | $2,470,202 | -$7,267 | -$130,633 | $1,387,295 | $1,082,906 |
| 9 | $2,544,308 | -$7,156 | -$130,600 | $1,358,522 | $1,185,786 |
| 10 | $2,620,637 | -$7,035 | -$130,556 | $1,327,772 | $1,292,865 |
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.