FOR_SALEExcellent Deal262 days on market

437 SW 3rd St APT 2

437 SW 3rd St APT 2, Miami, FL 33130, Miami, FL 33130
$299,000
Zestimate®:$290,300

Listing Price

Property image 1
437 SW 3rd St APT 2, Miami, FL 33130
Loc: Miami, FL
Days Listed
262
Tax Assessed
$177k
Zestimate®
$290k
Market Rate
Rent Estimate
$2,882/mo
Est. Cash Flow base
Type
townhouse

More Than Just a Property

We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.

4.9
Safety Score
A+
Schools

Nearby Schools

Educational options and performance ratings in the area.

3

Riverside Elementary Community School

PK-5
0.7 mi away
3

Jose De Diego Middle School

6-8
2.4 mi away
4

Booker T. Washington Senior High School

9-12
1 mi away
Haven Underwritten Market·Moderate (1.10 - 1.24x)

Miami, FL Investment Analysis (2026)

Cap Rate Range: 5.4% - 6.6% · Median Rent: $3,400/mo · Effective Tax: 0.91%

Open Miami Market Underwrite

Property Overview

A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.

Features & Amenities

Open Floor PlanHardwood FloorsModern KitchenStainless Steel AppliancesCentral Heat/AirLarge BackyardParkingNear Transit

Haven AI Verdict

Recommendation
Pending...
Confidence Score: 0/10
Exercise caution due to potential market volatility.
Cap Rate
9.30%
Total ROI
36.1%
Cash Flow
$805/mo
DSCR
1.53
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Data provided by Haven AI. Disclaimer

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10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-08-06Price change$299,000$332
2026-06-01Price change$345,000$383
2025-12-01Listed for sale$350,000$389
2021-04-12Sold$190,000$211
2021-01-04Price change$195,000$217
2020-11-06Listed for sale$220,000$244
2018-12-20Listing removed$1,600$2
2018-11-29Listed for rent$1,600$2
2018-01-17Listing removed$1,600$2
2018-01-09Listed for rent$1,600$2
2005-01-24Sold$188,000$209

Tax History

YearProperty TaxTax Assessment
2025$2,518.88$168,207
2024$2,438.16$163,467
2023$2,402.08$158,706
2022$2,310.43$154,084
2021$2,480.13$116,730
2020$2,486.14$116,730
2019$2,419.69$111,654
2018$2,126.04$101,504
2017$2,126.04$101,504
2016$2,150.28$96,670
2015$2,149.46$96,670
2014$2,192.35$96,670
2013$633.55$58,590
2012$633.55$58,590
2011$689.55$65,100
2010$1,097.08$86,800
2009$1,901.28$124,000
2007$2,880.18$130,000
2006$3,994.31$0
2005$3,994.31$0
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
2
Baths
2
Sq Ft
900
Institutional Underwriting Ledger

Investment Numbers & Operating Model

Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.

Data Sources:MLS List Price: $299,000Rent Basis: Observed Comp Model ($2,882/mo)State Tax Benchmark: 0.98% (FL)Hazard Reserve: $150/mo
Haven ScoreGood
7/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
7.72%

NOI: $23,093/yr

Cash-on-Cash Yield
6.5%

On $68,770 invested

DSCR Ratio
1.24x

Tight qualification

5-Yr Leveraged ROI
+126.7%

Equity + cumulative cash

Financing Scenario Controls
Adjust down payment & rates to model your personalized return

Monthly Cash Flow Breakdown

Monthly Operating Deductions
Property Taxes (0.98% of basis)-$145/mo
Homeowner / Hazard Insurance-$150/mo
Vacancy Reserve (5% of rent)-$144/mo
Repairs & Maintenance (10% of rent)-$288/mo
Property Management (8% of rent)-$231/mo
Total Pure Operating Expenses-$958/mo
Net Investor Cash Flow
Gross Scheduled Rent+$2,882/mo
Less: Operating Expenses-$958/mo
Net Operating Income (NOI)+$1,924/mo
Less: Debt Service (30yr @ 6.75%)-$1,551/mo
Net Cash Flow
$373/mo
$4,476/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:

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