484 NE 5th St

Florida City, FL 33034 · townhomes · For Sale · 315 days on market
Asking price$269,000
2 beds 3 baths 1,208 sqft
View on Realtor.com →
Listed by Aldo Briolo · Cervera Real Estate Inc.
Typetownhomes
Built2021
Price / sqft$223
Est. value (own analysis)$298,098
Rent estimate (own analysis)$2,150/mo
HOA$105/mo
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Neighborhood

Show every detail
Statusfor_sale
Listed date2025-10-22
Removed date
MLSMiamiMLS #A11900065
Coordinates25.45355, -80.47008
Address484 NE 5th St
CityFlorida City
StateFL
Zip33034
Listing ID9859861964
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)

Purchase price$269,000
Down payment (20.0%)$53,800
Loan amount$215,200
Closing costs (5.0%)$13,450
Total cash to close$67,250
Rent (comp-derived)$2,150$25,800
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$25,800
Vacancy rate (assumption) assumption8.0%

$25,800 × 8.0% = $2,064

Effective gross income$1,978$23,736
Property tax (placeholder 1.9% of price)$426$5,111
Insurance (placeholder 0.8% of price)$179$2,152
HOA dues$105$1,260
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$108$1,290
Total operating expenses$818$9,813
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$23,736
Total operating expenses derived$9,813

$23,736 − $9,813 = $13,923

Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing)

Monthly Principal & Interest

Standard amortization on the loan amount, at the effective rate and term

Loan amount derived$215,200
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$215,200 amortized at 6.7% over 30 years = $1,383/mo

CapEx reserve (5.0% of GSR)$108$1,290
Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%)$0$0
Cash flow

Monthly Cash Flow

(NOI − Annual Debt Service − Annual CapEx Reserve − Annual PMI) ÷ 12

NOI derived$13,923
Annual debt service derived$16,595
Annual CapEx reserve assumption$1,290
Annual PMI assumption$0

($13,923 − $16,595 − $1,290 − $0) ÷ 12 = -$330

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$13,923
Purchase price data$269,000

$13,923 ÷ $269,000 = 5.2%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$3,962
Total cash to close derived$67,250

-$3,962 ÷ $67,250 = -5.9%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$13,923
Annual debt service derived$16,595

$13,923 ÷ $16,595 = 0.84

Rent-to-price (1% rule)

Rent-to-Price (the "1% rule")

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$25,800
Purchase price data$269,000

($25,800 ÷ 12) ÷ $269,000 = 0.8%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$269,000
Gross scheduled rent (annual) comp$25,800

$269,000 ÷ $25,800 = 10.4

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$9,813
Effective gross income derived$23,736

$9,813 ÷ $23,736 = 41.3%

Break-even occupancy

Break-Even Occupancy

(Total OpEx + Annual Debt Service + Annual PMI) ÷ Gross Scheduled Rent

Total operating expenses derived$9,813
Annual debt service derived$16,595
Annual PMI assumption$0
Gross scheduled rent (annual) comp$25,800

($9,813 + $16,595 + $0) ÷ $25,800 = 102.4%

Comparables

Same ZIP. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
townhomes231,208$2,1002026-07-31
townhomes231,208$2,2002026-08-19
townhomes231,114$2,2502026-07-22
townhomes211,036$2,1002026-05-11

460 NE 4th Ln

Florida City, 33034 · rent comp

Bedrooms / bathrooms2 bd / 3 ba
Square footage1,208
Listed2026-07-31
Days on market

Asking rent: $2,100

View on Zillow →

556 NE 5th St Unit 1

Florida City, 33034 · rent comp

Bedrooms / bathrooms2 bd / 3 ba
Square footage1,208
Listed2026-08-19
Days on market

Asking rent: $2,200

View on Zillow →

1310 NW 6th Ave Unit G

Florida City, 33034 · rent comp

Bedrooms / bathrooms2 bd / 3 ba
Square footage1,114
Listed2026-07-22
Days on market

Asking rent: $2,250

View on Zillow →

875 SW 7th St Unit 110

Florida City, 33034 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage1,036
Listed2026-05-11
Days on market

Asking rent: $2,100

View on Zillow →

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
1025 NW 5th Sttownhomes331,425$274,0002026-08-31
1533 NW 2nd Sttownhomes431,717$426,5402026-08-28
914 SE 18th Sttownhomes331,542$380,0002026-08-28
687 SW 10th Sttownhomes431,799$290,0002026-08-28
669 SW 11th Sttownhomes331,466$295,0002026-08-25
475 NE 5th Lntownhomes331,272$299,8002026-08-24
1513 NE 4 Cttownhomes331,334$365,9902026-08-21
1241 SW 8th Cttownhomes331,446$363,9902026-08-20
1232 NE 5th Cttownhomes331,380$345,0002026-08-17
34521 SW 191st Cttownhomes421,666$400,0002026-08-13
552 NE 5th Waytownhomes321,315$285,0002026-08-12
35939 SW 178th Cttownhomes421,807$408,4002026-08-12
34504 SW 191st Cttownhomes321,558$386,0002026-08-10
1009 NW 4th Tertownhomes331,425$340,0002026-08-10
441 NE 12th Sttownhomes431,580$428,0002026-08-07
1462 NE 4th Avetownhomes331,382$377,0002026-08-07
453 NE 12th Sttownhomes321,440$433,0002026-08-07
319 NE 12th Sttownhomes321,456$432,5002026-08-04
1220 NE 5th Cttownhomes331,380$335,0002026-07-31
1762 SE 9th Avetownhomes321,488$350,0002026-07-30
767 SE 18th Sttownhomes331,628$339,9002026-07-28
451 NW 12th Avetownhomes431,730$390,0002026-07-24
825 SW 12th Sttownhomes331,472$385,5002026-07-24
1754 SE 8th Tertownhomes431,757$417,0002026-07-24
1489 NE 4th Avetownhomes331,460$382,9902026-07-22
916 SE 17th Cttownhomes331,542$300,0002026-07-22
636 SW 11th Sttownhomes431,799$300,0002026-07-20
18941 SW 344th Tertownhomes321,558$385,0002026-07-17
1435 NE 4th Avetownhomes331,382$373,0002026-07-14
243 SW 6th Lntownhomes221,140$260,0002026-07-07
35829 SW 178th Cttownhomes321,682$407,2002026-07-02
590 NW 10th Cttownhomes321,715$322,0002026-07-01
922 NW 10th Sttownhomes431,736$449,9002026-06-30
1256 SW 8th Cttownhomes331,472$392,9902026-06-30
1508 NE 3rd Avetownhomes331,456$396,5002026-06-30
1412 NE 4th Avetownhomes431,582$404,0002026-06-30
909 SW 6th Pltownhomes331,527$285,0002026-06-30
34508 SW 191st Cttownhomes421,666$395,0002026-06-30
1406 NE 4th Avetownhomes331,460$380,5002026-06-30
1216 SW 8th Cttownhomes331,446$361,0002026-06-30
1350 NE 4th Avetownhomes431,582$404,5002026-06-30
1365 NE 4th Avetownhomes331,382$383,0002026-06-29
19061 SW 344th Tertownhomes431,666$395,0002026-06-29
1417 NE 4th Avetownhomes331,382$373,5002026-06-29

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.

AddressTypeBedsBathsSqftAsking priceDays on market
1051 Jefferson Dr Unit 1051Kcondos22970$189,900
35303 SW 180th Ave Lot 333mobile221,170$225,000
327 NW 3rd Stsingle_family211,004$349,999
488 NE 5th Tertownhomes231,208$269,000
1149 Independence Trl Unit 1149Hcondos22970$218,000
35250 SW 177th Ct Unit 48mobile221,170$197,000
1017 Washington Cir Unit 1017Icondos22960$180,900
1021 Adams Ave Unit 1021Fcondos22960$195,000

10-year hold projection

IRR6.7%
Equity multiple2.06x
Total return (10yr)$106,312
YearProperty valueNOICash flowLoan balanceEquity
1$277,070$13,923-$3,962$212,867$64,203
2$285,382$14,390-$3,528$210,373$75,009
3$293,944$14,872-$3,079$207,709$86,235
4$302,762$15,369-$2,615$204,861$97,901
5$311,845$15,883-$2,136$201,818$110,027
6$321,200$16,414-$1,641$198,566$122,634
7$330,836$16,962-$1,129$195,090$135,746
8$340,761$17,528-$601$191,376$149,385
9$350,984$18,112-$55$187,407$163,577
10$361,514$18,715$509$183,165$178,349
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.
All figures are estimates for evaluation purposes only, not investment, tax, legal, or insurance advice. Property tax is estimated from a real matched tax bill or millage rate when available, a placeholder % of price otherwise; insurance is scaled by flood and wind risk where those are known and a flat percentage otherwise — never a real quote. Verify all of them, along with association restrictions and permit status, before committing capital. Rent estimates come from real comps or Zillow’s ZIP index, not appraisals.