2700 NW 2nd Ave Unit 409
Miami, FL 33127 · condos · For Sale · 13 days on market
Asking price$850,000
1 beds 1 baths 720 sqft
Suggested offer$373,594$476,406 above the est. market value of $373,594.
View on Realtor.com →Listed by Ismael Castillo · MRI Realty Group
Typecondos
Built2026
Price / sqft$1181
Est. value (own analysis)$373,594
Rent estimate (own analysis)$2,970/mo
HOA$898/mo
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Statusfor_sale
Listed date2026-08-20
Removed date—
MLSMiamiMLS #A12073044
Coordinates25.80236, -80.19946
Address2700 NW 2nd Ave Unit 409
CityMiami
StateFL
Zip33127
Listing ID9622450499
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33127)
Typical home value (ZHVI)$528,160
Typical rent (ZORI)$2,975/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 | $850,000 |
| Down payment (20.0%) | $170,000 |
| Loan amount | $680,000 |
| Closing costs (5.0%) | $42,500 |
| Total cash to close | $212,500 |
| Income | |
| Rent (comp-derived) | $2,970$35,634 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,732$32,783 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,346$16,150 |
| Insurance (placeholder 0.8% of price) | $567$6,800 |
| HOA dues | $898$10,776 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $148$1,782 |
| Total operating expenses | $2,959$35,508 |
| 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) | $148$1,782 |
| 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 | 1 | 1 | 600 | $2,000 | 2026-08-20 | — | |
| apartment | 1 | 1 | 750 | $2,400 | 2026-08-20 | — | |
| apartment | 1 | 1 | 660 | $1,100 | 2026-08-20 | — | |
| apartment | 1 | 1 | 800 | $2,200 | 2026-04-21 | — | |
| apartment | 1 | 2 | 625 | $1,800 | 2026-08-18 | — | |
| condos | 1 | 1 | 638 | $4,150 | 2026-08-17 | — | |
| condos | 1 | 1 | 528 | $4,000 | 2026-08-17 | — | |
| condos | 1 | 1 | 720 | $3,800 | 2026-08-11 | — | |
| apartment | 1 | 1 | 752 | $3,643 | 2026-07-27 | — | |
| condos | 1 | 1 | 829 | $4,221 | 2026-07-20 | — | |
| condos | 1 | 1 | 625 | $2,216 | 2026-07-09 | — | |
| condos | 1 | 1 | 624 | $3,500 | 2026-07-06 | — | |
| condos | 1 | 1 | 526 | $2,092 | 2026-07-04 | — | |
| apartment | 1 | 1 | 550 | $1,475 | 2024-10-01 | — | |
| apartment | 1 | 1 | 550 | $2,100 | 2026-06-25 | — | |
| condos | 1 | 1 | 650 | $4,000 | 2026-06-24 | — | |
| condos | 1 | 1 | 720 | $4,350 | 2026-06-22 | — | |
| condos | 1 | 1 | 756 | $5,500 | 2026-06-17 | — | |
| condos | 1 | 1 | 598 | $4,750 | 2026-06-17 | — | |
| condos | 1 | 1 | 745 | $3,324 | 2026-06-16 | — | |
| condos | 1 | 1 | 638 | $4,200 | 2026-06-12 | — | |
| apartment | 1 | 1 | 638 | $4,700 | 2026-06-11 | — | |
| condos | 1 | 1 | 638 | $4,200 | 2026-06-11 | — | |
| condos | 1 | 1 | 638 | $4,200 | 2026-06-11 | — | |
| condos | 1 | 1 | 720 | $4,500 | 2026-06-10 | — | |
| condos | 1 | 1 | 638 | $3,600 | 2026-06-05 | — | |
| apartment | 1 | 1 | 598 | $4,000 | 2026-06-02 | — | |
| condos | 1 | 1 | 750 | $2,999 | 2026-05-29 | — | |
| condos | 1 | 1 | 820 | $4,600 | 2026-05-27 | — | |
| apartment | 1 | 1 | 817 | $4,900 | 2026-05-20 | — | |
| condos | 1 | 1 | 638 | $4,400 | 2026-05-19 | — | |
| condos | 1 | 1 | 638 | $3,500 | 2026-05-17 | — | |
| condos | 1 | 1 | 638 | $3,200 | 2026-05-17 | — | |
| condos | 1 | 1 | 708 | $2,675 | 2026-08-26 | — | |
| apartment | 1 | 1 | 650 | $1,450 | 2026-05-12 | — | |
| condos | 1 | 1 | 700 | $2,320 | 2026-05-05 | — | |
| condos | 1 | 1 | 624 | $4,000 | 2026-05-04 | — | |
| apartment | 1 | 1 | 800 | $1,975 | 2026-08-02 | — | |
| apartment | 1 | 1 | 700 | $1,550 | 2026-07-31 | — | |
| apartment | 1 | 1 | 800 | $2,150 | 2026-08-24 | — | |
| apartment | 1 | 1 | 500 | $1,500 | 2026-07-17 | — | |
| apartment | 1 | 1 | 692 | $3,150 | 2026-08-22 | — | |
| apartment | 1 | 1 | 646 | $2,831 | 2022-10-31 | — | |
| apartment | 1 | 1 | 551 | $2,708 | 2024-06-26 | — | |
| apartment | 1 | 1 | 475 | $2,407 | 2026-03-25 | — | |
| apartment | 1 | 1 | 690 | $2,879 | 2026-03-25 | — | |
| condos | 1 | 1 | 720 | $2,374 | 2025-07-18 | — | |
| apartment | 1 | 1 | 599 | $1,900 | 2026-08-25 | — | |
| apartment | 1 | 1 | 700 | $1,500 | 2026-08-22 | — | |
| apartment | 1 | 1 | 730 | $2,162 | 2025-07-16 | — | |
| apartment | 1 | 1 | 700 | $1,550 | 2025-03-05 | — | |
| apartment | 1 | 1 | 620 | $2,175 | 2025-09-12 | — | |
| condos | 1 | 1 | 646 | $2,485 | — | — | |
| apartment | 1 | 1 | 640 | $1,850 | 2026-08-23 | — | |
| apartment | 1 | 1 | 710 | $3,374 | — | — | |
| apartment | 1 | 1 | 744 | $3,119 | — | — | |
| condos | 1 | 1 | 738 | $2,795 | — | — | |
| apartment | 1 | 1 | 716 | $2,637 | — | — | |
| apartment | 1 | 1 | 740 | $2,377 | 2025-03-11 | — | |
| apartment | 1 | 1 | 720 | $1,800 | 2026-07-11 | — | |
| condos | 1 | 1 | 797 | $2,725 | 2026-08-26 | — | |
| condos | 1 | 1 | 797 | $2,795 | 2026-08-26 | — | |
| apartment | 1 | 1 | 700 | $1,600 | 2024-05-28 | — | |
| apartment | 1 | 1 | 646 | $2,757 | — | — | |
| apartment | 1 | 1 | 646 | $2,837 | — | — | |
| apartment | 1 | 1 | 646 | $2,827 | — | — | |
| apartment | 1 | 1 | 751 | $3,463 | — | — | |
| apartment | 1 | 1 | 692 | $3,225 | — | — | |
| apartment | 1 | 1 | 794 | $4,106 | — | — | |
| apartment | 1 | 1 | 748 | $2,879 | — | — | |
| apartment | 1 | 1 | 647 | $2,888 | — | — | |
| condos | 1 | 1 | 778 | $2,520 | — | — | |
| condos | 1 | 1 | 674 | $2,585 | — | — | |
| apartment | 1 | 1 | 716 | $2,775 | — | — | |
| apartment | 1 | 1 | 715 | $3,064 | — | — | |
| apartment | 1 | 1 | 715 | $2,944 | — | — | |
| condos | 1 | 1 | 744 | $2,630 | — | — | |
| apartment | 1 | 1 | 772 | $3,089 | — | — | |
| apartment | 1 | 1 | 646 | $2,947 | — | — | |
| apartment | 1 | 1 | 727 | $2,994 | — | — | |
| apartment | 1 | 1 | 744 | $3,134 | — | — | |
| apartment | 1 | 1 | 744 | $3,229 | — | — | |
| apartment | 1 | 1 | 744 | $3,229 | — | — | |
| apartment | 1 | 1 | 744 | $3,144 | — | — | |
| apartment | 1 | 1 | 805 | $3,353 | — | — | |
| apartment | 1 | 1 | 534 | $2,640 | — | — | |
| apartment | 1 | 1 | 600 | $2,493 | — | — | |
| apartment | 1 | 1 | 658 | $2,950 | — | — | |
| apartment | 1 | 1 | 653 | $2,878 | — | — | |
| apartment | 1 | 1 | 658 | $2,815 | — | — | |
| apartment | 1 | 1 | 616 | $2,565 | — | — | |
| apartment | 1 | 1 | 714 | $2,793 | — | — | |
| apartment | 1 | 1 | 642 | $2,909 | — | — | |
| apartment | 1 | 1 | 671 | $2,935 | — | — | |
| apartment | 1 | 1 | 534 | $2,880 | — | — | |
| apartment | 1 | 1 | 571 | $2,978 | — | — | |
| apartment | 1 | 1 | 565 | $2,746 | — | — | |
| apartment | 1 | 1 | 685 | $3,003 | — | — | |
| apartment | 1 | 1 | 579 | $2,812 | — | — | |
| apartment | 1 | 1 | 673 | $2,961 | — | — | |
| condos | 1 | 1 | 646 | $2,795 | 2026-09-01 | — | |
| apartment | 1 | 1 | 716 | $3,015 | — | — | |
| apartment | 1 | 1 | 636 | $2,765 | — | — | |
| apartment | 1 | 1 | 703 | $3,246 | — | — | |
| apartment | 1 | 1 | 765 | $3,192 | — | — | |
| apartment | 1 | 1 | 752 | $3,405 | — | — | |
| apartment | 1 | 1 | 707 | $3,113 | — | — | |
| apartment | 1 | 1 | 703 | $3,121 | — | — | |
| apartment | 1 | 1 | 642 | $3,029 | — | — | |
| apartment | 1 | 1 | 665 | $3,043 | — | — | |
| apartment | 1 | 1 | 765 | $3,188 | — | — | |
| apartment | 1 | 1 | 685 | $3,423 | — | — | |
| apartment | 1 | 1 | 715 | $3,164 | — | — | |
| apartment | 1 | 1 | 715 | $3,164 | — | — | |
| apartment | 1 | 1 | 715 | $3,164 | — | — | |
| apartment | 1 | 1 | 692 | $3,175 | — | — | |
| apartment | 1 | 1 | 635 | $3,353 | — | — | |
| apartment | 1 | 1 | 635 | $3,341 | — | — | |
| apartment | 1 | 1 | 809 | $3,374 | — | — | |
| apartment | 1 | 1 | 565 | $3,253 | — | — | |
| apartment | 1 | 1 | 716 | $3,030 | — | — | |
| apartment | 1 | 1 | 748 | $3,123 | — | — | |
| apartment | 1 | 1 | 740 | $3,283 | — | — | |
| apartment | 1 | 1 | 647 | $3,069 | — | — | |
| apartment | 1 | 1 | 710 | $3,574 | — | — | |
| apartment | 1 | 1 | 740 | $2,595 | 2025-03-20 | — | |
| apartment | 1 | 1 | 500 | $1,550 | 2026-08-31 | — | |
| apartment | 1 | 1 | 700 | $1,600 | 2026-08-31 | — |
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 |
|---|---|---|---|---|---|---|
| 2700 NW 2nd Ave Unit 502 | condos | 1 | 1 | 638 | $705,000 | 2026-08-27 |
| 450 NW 20th St Unit 1 | condo_townhome_rowhome_coop | 4 | 2 | 1,347 | $250,000 | 2026-02-26 |
| 410 NW 20th St Unit 5 | condos | 3 | 3 | 1,190 | $383,000 | 2026-01-16 |
| 136 NW 26th St Unit 503 | condos | 1 | 1 | 440 | $315,000 | 2025-09-16 |
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 |
|---|---|---|---|---|---|---|
| 2700 NW 2nd Ave Unit 202 | condos | 1 | 1 | — | $650,000 | — |
| 250 NW 24th St Apt 2B | condos | 1 | 1 | 720 | $630,000 | — |
| 2700 NW 2nd Ave Unit 302 | condos | 1 | 1 | — | $725,000 | — |
| 2700 NW 2nd Ave Unit 538 | condos | 1 | 1 | 624 | $710,000 | — |
| 2700 NW 2nd Ave Unit 432 | condos | 1 | 1 | 624 | $720,000 | — |
| 2700 NW 2nd Ave Unit 528 | condos | 1 | 1 | 638 | $645,000 | — |
| 2700 NW 2nd Ave Unit 717 | condos | 1 | 1 | 720 | $799,000 | — |
| 2700 NW 2nd Ave Unit 317 | condos | 1 | 1 | 720 | $820,000 | — |
10-year hold projection
IRR-7.9%
Equity multiple-0.34x
Total return (10yr)-$172,771
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $875,500 | -$2,724 | -$56,944 | $672,627 | $202,873 |
| 2 | $901,765 | -$2,629 | -$56,893 | $664,748 | $237,017 |
| 3 | $928,818 | -$2,526 | -$56,836 | $656,328 | $272,490 |
| 4 | $956,682 | -$2,415 | -$56,772 | $647,330 | $309,352 |
| 5 | $985,383 | -$2,296 | -$56,701 | $637,714 | $347,669 |
| 6 | $1,014,944 | -$2,169 | -$56,623 | $627,437 | $387,507 |
| 7 | $1,045,393 | -$2,033 | -$56,538 | $616,455 | $428,937 |
| 8 | $1,076,755 | -$1,888 | -$56,444 | $604,719 | $472,036 |
| 9 | $1,109,057 | -$1,734 | -$56,343 | $592,177 | $516,881 |
| 10 | $1,142,329 | -$1,570 | -$56,233 | $578,773 | $563,556 |
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.