937 SW 7th St · Miami, FL 33130

$1,150,000

5 bd · 2.0 ba · 2,170 sqft · MultiFamily public records · 117 Days on market

Built 1939 7,500 sqft lot

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Why this score? — see what drove the F 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).

• ARV discount +7.5/15.0
• Schools +4.2/10.0
• Appreciation +4.1/10.0
• Livability +3.9/5.0
• Cash flow +3.4/30.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• 1% rule +0.0/10.0
• DSCR +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks MLS

LOCATION LOCATION LOCATION, Great investor/ development opportunity in Miami's hottest growing area. Currently zoned T5-L 7,500 sq. /lot, facing one of the busiest streets in Miami. Able to do retail, mixes use, res, up to 5 floors high, don't miss out on this opportunity. Existing structure must be DEMOED, being sold for land value so please do not ask about the building. THIS TYPE OF OPPORTUNITY IS VERY RARE, priced reduced for fast CASH SALE.

Key facts

• Generously sized lot
• Convenient access
• Rapidly growing area

Tags

• LITTLE HAVANA NEIGHBORHOOD
• PRIME REDEVELOPMENT POTENTIAL
• CONVENIENT ACCESS
• GENEROUSLY SIZED LOT
• RAPIDLY GROWING AREA
• NEW RESIDENTIAL DEVELOPMENTS

Property features AI

Finance

• Financial info: Annual property tax listed

Exterior

• Home design: Single lot property
• Exterior features: Southwest-facing lot

Interior

• Interior features: Virtual tour available

What this means for you Summary

Snapshot

• This is a 5-bed/2.0-bath multifamily listed at $1.15M.

Deal economics

• At list price, monthly cash flow is $-4k ($-42k/yr) — negative.
• To cash-flow at today's rent, offer at most $528k (54.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $565k (50.9% below list).
• Recommended offer: $528k (54.1% below list) — sets the bar for cash-flow.
• Cap rate 2.6% 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 (-0.5%/yr); 642 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals leasing fast (median 12d on market — plan ~1-2 weeks tenant-placement turnaround); 10,051 units permitted in Miami-Dade County in 2024 (7,758 in 5+ unit buildings).
• At $5,647/mo this rent would consume 111% of the median local household income ($61k/yr) (locally 5231% 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 (-1.8%/yr); year-one equity from $8k of loan paydown is wiped out by about $21k 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 117 days — a 9% lower offer ($1.05M) is reasonable based on typical stale-listing flexibility.
• 3 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 $750k; list at $1.15M implies a 53% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1939 — 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 $527,545 (54.1% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 117 days. Have you received any prior offers? Is the seller open to a 54% concession, seller financing, or rate buy-down credit?
3. Built in 1939 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.49% ✗
• Cap rate: 2.62%
• Cash-on-cash: -13.13%
• DSCR: 0.42
• GRM: 17.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-1.79% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -30.7%
• Equity multiple: -0.14×
• Total profit: $-367,833
• Equity at exit: $234,635

10-year hold

• IRR: -31.2%
• Equity multiple: -0.92×
• Total profit: $-619,260
• Equity at exit: $211,387

Cash invested: $322,000 (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 33130

• Home prices YoY: -0.5%
• Rents YoY: -0.5%
• Active inventory: 642
• Price-to-rent: 17.0×

Monthly cashflow live

• Estimated rent: $5,647 medium
• Mortgage (P&I): −$6,031
• Tax from tax record: −$1,475 /mo · $17,699/yr
• Insurance: −$479
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,186
• Net cashflow: $-3,524

Break-even live

Break-even rent $10,107

Max offer price $527,545

Occupancy floor —

Sensitivity live

Price	-10% $-2,873	-5% $-3,198	+0% $-3,524	+5% $-3,849	+10% $-4,175
Rent	-10% $-3,970	-5% $-3,747	+0% $-3,524	+5% $-3,301	+10% $-3,077
Rate	-1.0pp $-2,944	-0.5pp $-3,231	base $-3,524	+0.5pp $-3,822	+1.0pp $-4,125

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: $287,500
• Closing costs: $34,500
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1000 Brickell Plz Miami, FL	3.0–6.0	3.5–5.5	3486	$40,667	$11.66	25d	2	1.09mi
1000 Brickell Plz Miami, FL	3.0–6.0	3.5–5.5	3692	$39,933	$10.82	11d	2	1.09mi
1000 Brickell Plz Miami, FL	3.0–6.0	4.5–5.5	3795	$39,333	$10.36	4d	2	1.09mi
175 SE 25th Rd Unit 3302 Miami, FL	4.0	4.5	2752	$37,000	$13.44	25d	1	1.35mi
290 Shore Dr E #290 Miami, FL	4.0	4.0	2314	$18,500	$7.99	11d	1	1.48mi

Listing history 22 events

1. 2026-06-21
   days on market $1,150,000 Active 117 DOM
2. 2026-06-18
   days on market $1,150,000 Active 114 DOM
3. 2026-06-17
   days on market $1,150,000 Active 113 DOM
4. 2026-06-16
   days on market $1,150,000 Active 112 DOM
5. 2026-06-15
   days on market $1,150,000 Active 111 DOM
6. 2026-06-13
   days on market $1,150,000 Active 109 DOM
7. 2026-06-09
   days on market $1,150,000 Active 105 DOM
8. 2026-06-08
   days on market $1,150,000 Active 104 DOM
9. 2026-06-07
   days on market $1,150,000 Active 103 DOM
10. 2026-06-04
    days on market $1,150,000 Active 100 DOM
11. 2026-06-03
    days on market $1,150,000 Active 99 DOM
12. 2026-06-02
    days on market $1,150,000 Active 98 DOM
13. 2026-06-01
    days on market $1,150,000 Active 97 DOM
14. 2026-05-31
    days on market $1,150,000 Active 96 DOM
15. 2026-02-24
    listed $1,150,000 Active
16. 2024-05-06
    soldstatus $750,000
17. 2024-02-16
    soldstatus $750,000 Closed 449-char remark

    Show marketing remark (449 chars)

    LOCATION LOCATION LOCATION, Great investor/ development opportunity in Miami's hottest growing area. Currently zoned T5-L 7,500 sq. /lot, facing one of the busiest streets in Miami. Able to do retail, mixes use, res, up to 5 floors high, don't miss out on this opportunity. Existing structure must be DEMOED, being sold for land value so please do not ask about the building. THIS TYPE OF OPPORTUNITY IS VERY RARE, priced reduced for fast CASH SALE.

18. 2023-11-02
    listed $800,000 Active 449-char remark

    Show marketing remark (449 chars)

    LOCATION LOCATION LOCATION, Great investor/ development opportunity in Miami's hottest growing area. Currently zoned T5-L 7,500 sq. /lot, facing one of the busiest streets in Miami. Able to do retail, mixes use, res, up to 5 floors high, don't miss out on this opportunity. Existing structure must be DEMOED, being sold for land value so please do not ask about the building. THIS TYPE OF OPPORTUNITY IS VERY RARE, priced reduced for fast CASH SALE.

19. 2023-09-11
    historical
20. 2023-07-26
    price $790,000
21. 2023-05-16
    listed $890,000 Active
22. 2023-05-05
    soldstatus $650,000

ⓘ 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: $17,699 · $1,475/mo
• Projected year-2 tax: $17,699 · $1,475/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 1/10 Low FEMA zone X (unshaded) · 0% 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: $67,766
• − Mortgage interest: −$64,418
• − Property taxes: −$17,699
• − Insurance: −$5,750
• − Repairs & maintenance: −$5,421
• − Management: −$5,421
• − Depreciation: −$33,455
• Taxable loss: −$64,398
• Est. tax savings @ 24.0%: +$15,456
• After-tax cash flow: $-26,827/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): 34,964
• Household income: $61,009
• Rent vs Own: 83.2% rent · 16.8% own
• Severe rent burden: 5231.0

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 (73%)
• Race & ethnicity: Hispanic / Latino 73% Two or more races 44% White 17% Black 4% Asian 3%
• Hispanic origin (detail): Mexican 3% Puerto Rican 3% Cuban 24% Dominican 4%
• Common ancestry: Romanian 2% Estonian 1% Lithuanian 1%
• Foreign-born: 60% · Canada, Jamaica, Guatemala
• Languages at home: 23% English-only · Spanish 70% Other Indo-European 2% Russian/Polish/Slavic 1%

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: ▼ -1.79%
• Current HPI: 344.7752
• Rent YoY: ▼ -0.53%
• 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

+76.9% since first listed

8 events — show timeline

• 2026-02-24 Listed $1,150,000 MARMLS
• 2024-05-06 Sold (Public Records) $750,000 Public Records
• 2024-02-16 Sold (MLS) $750,000 MARMLS
• 2023-11-02 Listed $800,000 MARMLS
• 2023-09-11 Listing Removed — MARMLS
• 2023-07-26 Price Changed $790,000 MARMLS
• 2023-05-16 Listed $890,000 MARMLS
• 2023-05-05 Sold (Public Records) $650,000 Public Records

Property tax history

+14.9%/yr

Latest (2025): $17,699 · -0.2% YoY. Source: county tax records.