1325 SW 6th St · Miami, FL 33135

$650,000

4 bd · 4.0 ba · 2,131 sqft · MultiFamily public records · 66 Days on market

Built 1951

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +28.0/30.0
• DSCR +9.9/10.0
• 1% rule +8.2/10.0
• ARV discount +7.5/15.0
• Schools +4.2/10.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• Rent growth +2.2/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 4 units. confirmed

Listing remarks

Investor’s Dream in Little Havana! This short sale 4-plex offers incredible potential—whether you choose to redevelop, renovate, or customize to your vision. With opportunities to increase rental income and maximize returns, this property is ideal for seasoned investors. Please note: the property comes with existing violations and Per Diem Fines that are to be assumed by the buyer. Keep in mind that is property is located in one of the most touristy areas. A perfect project for those looking to unlock its full value in one of Miami’s most desirable and growing neighborhoods.

Key facts

• 4 parking spots
• Built 1951
• Listed 65 days

Property features AI

Finance

• Financial info: Actual rent reported: $4,400 (unit-level, month-to-month); Rent includes water

Exterior

• Parking: 4 parking spaces
• Utilities: Public sewer; Cable not available; Water included in rent (for rental units)
• Home design: Single-story building; Effective year built reported; Facing direction not provided
• Construction: Block construction; Shingle roof
• Exterior features: Less than quarter acre lot

Interior

• Bedrooms: 4 bedrooms (unit-level information)
• Flooring: Ceramic tile
• Bathrooms: 4 full bathrooms (unit-level information)
• Heating & cooling: Wall furnace heating; Wall/window air conditioning units
• Interior features: Ceramic tile flooring

What this means for you Summary

Snapshot

• This is a 4 × 4-bed/4.0-bath units multifamily listed at $650k.

Deal economics

• At list price, monthly cash flow is $2k ($24k/yr) — positive. Per door: $504/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($9k rent vs $650k).
• Recommended offer: $611k (6.0% below list) — sets the bar for market timing.
• Cap rate 10.0% vs local median 1.9% in Miami — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 78/100 on livability (#177 in FL, #2,724 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, health & safety A+; Watch: employment C-, crime F, cost of living F.
• Miami-Dade (suburban): math 45% / reading 54% proficiency, ranked #40 of 73 in FL (top 55%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents soft (-1.4%/yr); 172 active listings in the ZIP; 1 comparable units currently listed for rent nearby; lower-income renter base — watch delinquency; 10,051 units permitted in Miami-Dade County in 2024 (7,758 in 5+ unit buildings).
• At $8,566/mo this rent would consume 253% of the median local household income ($41k/yr) (locally 4755% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $4k of loan paydown is wiped out by about $20k of value loss. Plan a longer hold.
• Miami-Dade County population projected at +28% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 66 days — a 6% lower offer ($611k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 3y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $140k; list at $650k implies a 364% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1951 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→31/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $611,000 (6.0% below list)

Questions for the listing agent

1. It's been on market 66 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1951 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
8. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.32% ✓
• Cap rate: 10.02%
• Cash-on-cash: 13.30%
• DSCR: 1.59
• GRM: 6.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -0.2%
• Equity multiple: 0.99×
• Total profit: $-1,646
• Equity at exit: $96,917

10-year hold

• IRR: 5.9%
• Equity multiple: 1.37×
• Total profit: $68,180
• Equity at exit: $56,200

Cash invested: $182,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 33135

• Home prices YoY: -27.6%
• Rents YoY: -1.4%
• Active inventory: 172
• Price-to-rent: 25.3×

Monthly cashflow live

• Estimated rent: $8,566 medium
• Mortgage (P&I): −$3,409
• Tax from tax record: −$1,070 /mo · $12,841/yr
• Insurance: −$271
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,799
• Net cashflow: $2,018

Break-even live

Break-even rent $6,012

Max offer price $650,000

Occupancy floor 71%

Sensitivity live

Price	-10% $2,385	-5% $2,202	+0% $2,018	+5% $1,834	+10% $1,650
Rent	-10% $1,341	-5% $1,679	+0% $2,018	+5% $2,356	+10% $2,694
Rate	-1.0pp $2,345	-0.5pp $2,183	base $2,018	+0.5pp $1,849	+1.0pp $1,678

4-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 4× units	4	4	$8,564
Total (4 units)			$8,566

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $162,500
• Closing costs: $19,500
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
90 SW 3rd St #12 Miami, FL	3.0	3.5	2418	$18,000	$7.44	6d	1	1.37mi

Listing history 28 events

1. 2026-06-21
   days on market $650,000 Active 66 DOM
2. 2026-06-18
   days on market $650,000 Active 63 DOM
3. 2026-06-17
   days on market $650,000 Active 62 DOM
4. 2026-06-16
   days on market $650,000 Active 61 DOM
5. 2026-06-15
   days on market $650,000 Active 60 DOM
6. 2026-06-13
   days on market $650,000 Active 58 DOM
7. 2026-06-09
   days on market $650,000 Active 54 DOM
8. 2026-06-08
   days on market $650,000 Active 53 DOM
9. 2026-06-07
   days on market $650,000 Active 52 DOM
10. 2026-06-04
    days on market $650,000 Active 49 DOM
11. 2026-06-03
    days on market $650,000 Active 48 DOM
12. 2026-06-02
    days on market $650,000 Active 47 DOM
13. 2026-06-01
    days on market $650,000 Active 46 DOM
14. 2026-05-31
    days on market $650,000 Active 45 DOM
15. 2026-04-06
    listed $650,000 Active
16. 2026-04-01
    historical
17. 2025-08-28
    listed $700,000 Active
18. 2025-02-24
    price $650,000
19. 2024-11-05
    status Pending
20. 2024-11-05
    historical
21. 2024-10-29
    listed $999,000 Active
22. 2023-02-03
    status Pending
23. 2023-02-02
    historical
24. 2023-02-01
    listed $650,000 Active
25. 1998-11-30
    soldstatus $140,000
26. 1994-08-25
    soldstatus $133,000
27. 1993-05-14
    soldstatus $95,000
28. 1985-12-01
    soldstatus $60,600

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $12,841 · $1,070/mo
• Projected year-2 tax: $12,841 · $1,070/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥103°F today · 31 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $102,792
• − Mortgage interest: −$36,410
• − Property taxes: −$12,841
• − Insurance: −$3,250
• − Repairs & maintenance: −$8,223
• − Management: −$8,223
• − Depreciation: −$18,909
• Taxable income: $14,935
• Est. tax owed @ 24.0%: −$3,584
• After-tax cash flow: $20,626/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Miami-Dade
• NCES district ID: 1200390
• Math proficiency: 45% ▼ -16.00%
• Reading proficiency: 54% ▼ -5.00%
• Median HH income: $43,928
• Composite: 41.76/100
• National rank: #3397
• State rank: #40 of 73 in FL

Livability — Miami

• Score: 78/100
• State rank: #177
• US rank: #2724

Category grades

Amenities A+ Commute A+ Cost of living F Crime F Employment C- Housing B- Health & safety A+ User ratings C

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Miami, FL
• County: Miami-Dade County · 2,697,751 people
• City population: 827,308
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 36,143
• Household income: $40,567
• Rent vs Own: 77.3% rent · 22.7% own
• Severe rent burden: 4755.0

Population outlook (Miami-Dade County) Hauer SSP2

• Today (2025): 3,126,439 people
• By 2030: 3,325,765 · +6.4%
• By 2040: 3,697,561 · +18.3%
• By 2050: 4,012,134 · +28.3%
• By 2075: 4,605,612 · +47.3%
• By 2100: 4,866,598 · +55.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (94%)
• Race & ethnicity: Hispanic / Latino 94% Two or more races 62% White 4% Black 2% Native American 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2% Cuban 48% Dominican 2% Salvadoran 1%
• Common ancestry: Hispanic 1%
• Foreign-born: 74% · Canada, Jamaica, Dominican Republic
• Languages at home: 6% English-only · Spanish 92% French/Haitian/Cajun 1% Other Indo-European 0%

Political lean MEDSL · Miami-Dade

• 2024 margin: R (+11.4) · D 43.9% · R 55.4%
• 2008→2024 swing: -27.6pp toward R · 2008: 16.1pp · 2024: -11.4pp
• All cycles: 2024: R+11.4 2020: D+7.3 2016: D+29.6 2012: D+23.7 2008: D+16.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -219.59%
• Current HPI: 574.7898
• Rent YoY: ▼ -1.37%
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+972.6% since first listed

14 events — show timeline

• 2026-04-06 Listed $650,000 MARMLS
• 2026-04-01 Listing Removed — MARMLS
• 2025-08-28 Listed $700,000 MARMLS
• 2025-02-24 Price Changed $650,000 MARMLS
• 2024-11-05 Pending — MARMLS
• 2024-11-05 Listing Removed — MARMLS
• 2024-10-29 Listed $999,000 MARMLS
• 2023-02-03 Pending — MARMLS
• 2023-02-02 Listing Removed — MARMLS
• 2023-02-01 Listed $650,000 MARMLS
• 1998-11-30 Sold (Public Records) $140,000 Public Records
• 1994-08-25 Sold (Public Records) $133,000 Public Records
• 1993-05-14 Sold (Public Records) $95,000 Public Records
• 1985-12-01 Sold (Public Records) $60,600 Public Records

Property tax history

+7.8%/yr

Latest (2025): $12,841 · +7.1% YoY. Source: county tax records.