348 NE 58th St · Miami, FL 33137

$525,000

4 bd · 2.0 ba · 1,190 sqft · MultiFamily public records · 149 Days on market

Built 1930 Est $362k · 45% over

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +5.1/10.0
• Schools +4.2/10.0
• Livability +3.9/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0

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

Thinking of investing? Look no further! Great investment opportunity with this amazing duplex in the up and coming Buena Vista area, currently undergoing a massive redevelopment. You can see your returns immediately. Both units are currently rented. Unit 1- Month to month and Unit 2- year lease. Instant profit! This location is ideal, you are 5 minutes away from Wynwood, restaurants, and night life. What are you waiting for? We are currently offering up to $10,000 buyer credit if approved through our preferred lender (Angelo Lamas @ Highland Loans) and Seller will pay for Buyer's Settlement fees if using our preferred title company (SunLife Title).

Key facts

• Central location
• 4 parking spots
• Built 1930

Tags

• CENTRAL LOCATION
• 5 MINUTES AWAY FROM BEACH
• RIGHT OFF BISCAYNE BLVD
• SURROUNDED BY RESTAURANTS

Property features AI

Finance

• Financial info: Multifamily property with 3 units: two 2-bedroom/1-bath units and one additional unit (total units indicated as 3 across entries); Unit rents shown: $1,900 for one unit (leased); $1,700 for another unit (month-to-month)
• HOA & community: Association fees charged annually

Exterior

• Parking: Total of 4 parking spaces; Open parking for some units; Garage parking for one unit
• Utilities: Public sewer; Cable not available
• Home design: Single-story building
• Construction: Frame and stucco construction; Shingle roof; Year built: Unknown
• Exterior features: Less than quarter acre lot

Interior

• Kitchen: Kitchens included in units
• Bedrooms: Two 2-bedroom units (one leased, one month-to-month)
• Bathrooms: Each unit has 1 full bathroom
• Heating & cooling: Wall/window air-conditioning units
• Interior features: Wall/window cooling units; Trash collection included for rentals
• Laundry & utility: Shared laundry room for one unit

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath multifamily listed at $525k.

Deal economics

• At list price, monthly cash flow is $4k ($42k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($9k rent vs $525k).
• Recommended offer: $462k (12.0% below list) — sets the bar for market timing.
• Cap rate 14.3% 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 rising (+2.7%/yr); 757 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 10,051 units permitted in Miami-Dade County in 2024 (7,758 in 5+ unit buildings).

Forward outlook

• In year one you build about $5k of equity ($4k loan paydown + $1k appreciation (0.3% local appreciation)).
• Miami-Dade County population projected at +28% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (0.3% appreciation + 2.7% rent growth), your $147k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 6, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 149 days — a 12% lower offer ($462k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 13y 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 $420k; 25% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1930 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→30/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $462,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 149 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1930 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.71% ✓
• Cap rate: 14.32%
• Cash-on-cash: 28.66%
• DSCR: 2.28
• GRM: 4.9

CMA / ARV

• ARV (on-the-fly): $361,760
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
110 NE 68th St	0.68mi	3/2.0 (-1)	1,320 (+11%)	13mo	$401,000	$304	34

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

0.27% appreciation · 2.73% rent growth · sell at horizon

5-year hold

• IRR: 29.4%
• Equity multiple: 2.45×
• Total profit: $212,645
• Equity at exit: $159,620

10-year hold

• IRR: 32.5%
• Equity multiple: 4.67×
• Total profit: $540,174
• Equity at exit: $197,695

Cash invested: $147,000 (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 33137

• Home prices YoY: 0.1%
• Rents YoY: 2.7%
• Active inventory: 757
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $9,003 medium
• Mortgage (P&I): −$2,753
• Tax from tax record: −$630 /mo · $7,561/yr
• Insurance: −$219
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,891
• Net cashflow: $3,510

Break-even live

Break-even rent $4,560

Max offer price $525,000

Occupancy floor 56%

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

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$9,004
Total (2 units)			$9,003

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: $131,250
• Closing costs: $15,750
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
555 NE 34th St Miami, FL	1.0–4.0	1.5–4.0	2653	$18,877	$7.12	2d	19	1.30mi

Listing history 39 events

1. 2026-06-18
   days on market $525,000 Active 149 DOM
2. 2026-06-17
   days on market $525,000 Active 148 DOM
3. 2026-06-16
   days on market $525,000 Active 147 DOM
4. 2026-06-15
   days on market $525,000 Active 146 DOM
5. 2026-06-13
   days on market $525,000 Active 144 DOM
6. 2026-06-09
   days on market $525,000 Active 140 DOM
7. 2026-06-08
   days on market $525,000 Active 139 DOM
8. 2026-06-07
   days on market $525,000 Active 138 DOM
9. 2026-06-04
   days on market $525,000 Active 135 DOM
10. 2026-06-03
    days on market $525,000 Active 134 DOM
11. 2026-06-02
    days on market $525,000 Active 133 DOM
12. 2026-06-01
    days on market $525,000 Active 132 DOM
13. 2026-05-31
    days on market $525,000 Active 131 DOM
14. 2026-01-20
    listed $525,000 Active
15. 2022-07-12
    soldstatus $420,000
16. 2022-07-05
    soldstatus $420,000 Closed 656-char remark

    Show marketing remark (656 chars)

    Thinking of investing? Look no further! Great investment opportunity with this amazing duplex in the up and coming Buena Vista area, currently undergoing a massive redevelopment. You can see your returns immediately. Both units are currently rented. Unit 1- Month to month and Unit 2- year lease. Instant profit! This location is ideal, you are 5 minutes away from Wynwood, restaurants, and night life. What are you waiting for? We are currently offering up to $10,000 buyer credit if approved through our preferred lender (Angelo Lamas @ Highland Loans) and Seller will pay for Buyer's Settlement fees if using our preferred title company (SunLife Title).

17. 2022-04-14
    status Pending 656-char remark

    Show marketing remark (656 chars)

    Thinking of investing? Look no further! Great investment opportunity with this amazing duplex in the up and coming Buena Vista area, currently undergoing a massive redevelopment. You can see your returns immediately. Both units are currently rented. Unit 1- Month to month and Unit 2- year lease. Instant profit! This location is ideal, you are 5 minutes away from Wynwood, restaurants, and night life. What are you waiting for? We are currently offering up to $10,000 buyer credit if approved through our preferred lender (Angelo Lamas @ Highland Loans) and Seller will pay for Buyer's Settlement fees if using our preferred title company (SunLife Title).

18. 2022-03-07
    historical Active Under Contract 656-char remark

    Show marketing remark (656 chars)

    Thinking of investing? Look no further! Great investment opportunity with this amazing duplex in the up and coming Buena Vista area, currently undergoing a massive redevelopment. You can see your returns immediately. Both units are currently rented. Unit 1- Month to month and Unit 2- year lease. Instant profit! This location is ideal, you are 5 minutes away from Wynwood, restaurants, and night life. What are you waiting for? We are currently offering up to $10,000 buyer credit if approved through our preferred lender (Angelo Lamas @ Highland Loans) and Seller will pay for Buyer's Settlement fees if using our preferred title company (SunLife Title).

19. 2022-02-17
    status Active 656-char remark

    Show marketing remark (656 chars)

    Thinking of investing? Look no further! Great investment opportunity with this amazing duplex in the up and coming Buena Vista area, currently undergoing a massive redevelopment. You can see your returns immediately. Both units are currently rented. Unit 1- Month to month and Unit 2- year lease. Instant profit! This location is ideal, you are 5 minutes away from Wynwood, restaurants, and night life. What are you waiting for? We are currently offering up to $10,000 buyer credit if approved through our preferred lender (Angelo Lamas @ Highland Loans) and Seller will pay for Buyer's Settlement fees if using our preferred title company (SunLife Title).

20. 2022-02-10
    historical Active Under Contract 656-char remark

    Show marketing remark (656 chars)

    Thinking of investing? Look no further! Great investment opportunity with this amazing duplex in the up and coming Buena Vista area, currently undergoing a massive redevelopment. You can see your returns immediately. Both units are currently rented. Unit 1- Month to month and Unit 2- year lease. Instant profit! This location is ideal, you are 5 minutes away from Wynwood, restaurants, and night life. What are you waiting for? We are currently offering up to $10,000 buyer credit if approved through our preferred lender (Angelo Lamas @ Highland Loans) and Seller will pay for Buyer's Settlement fees if using our preferred title company (SunLife Title).

21. 2022-02-03
    status Active 656-char remark

    Show marketing remark (656 chars)

    Thinking of investing? Look no further! Great investment opportunity with this amazing duplex in the up and coming Buena Vista area, currently undergoing a massive redevelopment. You can see your returns immediately. Both units are currently rented. Unit 1- Month to month and Unit 2- year lease. Instant profit! This location is ideal, you are 5 minutes away from Wynwood, restaurants, and night life. What are you waiting for? We are currently offering up to $10,000 buyer credit if approved through our preferred lender (Angelo Lamas @ Highland Loans) and Seller will pay for Buyer's Settlement fees if using our preferred title company (SunLife Title).

22. 2022-01-27
    historical Active Under Contract 656-char remark

    Show marketing remark (656 chars)

    Thinking of investing? Look no further! Great investment opportunity with this amazing duplex in the up and coming Buena Vista area, currently undergoing a massive redevelopment. You can see your returns immediately. Both units are currently rented. Unit 1- Month to month and Unit 2- year lease. Instant profit! This location is ideal, you are 5 minutes away from Wynwood, restaurants, and night life. What are you waiting for? We are currently offering up to $10,000 buyer credit if approved through our preferred lender (Angelo Lamas @ Highland Loans) and Seller will pay for Buyer's Settlement fees if using our preferred title company (SunLife Title).

23. 2021-12-07
    listed $435,000 Active 656-char remark

    Show marketing remark (656 chars)

    Thinking of investing? Look no further! Great investment opportunity with this amazing duplex in the up and coming Buena Vista area, currently undergoing a massive redevelopment. You can see your returns immediately. Both units are currently rented. Unit 1- Month to month and Unit 2- year lease. Instant profit! This location is ideal, you are 5 minutes away from Wynwood, restaurants, and night life. What are you waiting for? We are currently offering up to $10,000 buyer credit if approved through our preferred lender (Angelo Lamas @ Highland Loans) and Seller will pay for Buyer's Settlement fees if using our preferred title company (SunLife Title).

24. 2021-12-07
    historical

    Show marketing remark (656 chars)

    Thinking of investing? Look no further! Great investment opportunity with this amazing duplex in the up and coming Buena Vista area, currently undergoing a massive redevelopment. You can see your returns immediately. Both units are currently rented. Unit 1- Month to month and Unit 2- year lease. Instant profit! This location is ideal, you are 5 minutes away from Wynwood, restaurants, and night life. What are you waiting for? We are currently offering up to $10,000 buyer credit if approved through our preferred lender (Angelo Lamas @ Highland Loans) and Seller will pay for Buyer's Settlement fees if using our preferred title company (SunLife Title).

25. 2021-10-29
    listed $435,000 Active
26. 2021-09-29
    historical
27. 2021-07-13
    status Active
28. 2021-07-13
    historical
29. 2021-07-13
    listed $429,000 Active
30. 2021-07-06
    soldstatus $300,000
31. 2015-12-07
    soldstatus $95,600 Sold
32. 2015-10-16
    soldstatus $95,600
33. 2015-08-31
    status Pending
34. 2015-08-20
    listed $79,900 Active
35. 2014-05-02
    historical
36. 2013-12-02
    listed $84,500
37. 2004-03-31
    soldstatus $129,000
38. 2003-09-26
    soldstatus $60,000
39. 1983-05-01
    soldstatus $25,000

ⓘ 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: $7,561 · $630/mo
• Projected year-2 tax: $7,561 · $630/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 · 30 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: $108,036
• − Mortgage interest: −$29,408
• − Property taxes: −$7,561
• − Insurance: −$2,625
• − Repairs & maintenance: −$8,643
• − Management: −$8,643
• − Depreciation: −$15,273
• Taxable income: $35,883
• Est. tax owed @ 24.0%: −$8,612
• After-tax cash flow: $33,512/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): 29,414
• Household income: $94,036
• Rent vs Own: 71.8% rent · 28.2% own
• Severe rent burden: 3106.0

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: Diverse neighborhood (Simpson 0.63)
• Race & ethnicity: Hispanic / Latino 54% Two or more races 25% White 24% Black 16% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 5% Cuban 10% Dominican 3% Salvadoran 3%
• Common ancestry: Hispanic 8% Estonian 2% Lithuanian 2%
• Foreign-born: 47% · Canada, Jamaica, Dominican Republic
• Languages at home: 34% English-only · Spanish 49% French/Haitian/Cajun 8% Other Indo-European 5%

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: ▲ 0.27%
• Current HPI: 385.1514
• Rent YoY: ▲ 2.73%
• 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

+2000.0% since first listed

26 events — show timeline

• 2026-01-20 Listed $525,000 MARMLS
• 2022-07-12 Sold (Public Records) $420,000 Public Records
• 2022-07-05 Sold (MLS) $420,000 MARMLS
• 2022-04-14 Pending — MARMLS
• 2022-03-07 Contingent — MARMLS
• 2022-02-17 Relisted — MARMLS
• 2022-02-10 Contingent — MARMLS
• 2022-02-03 Relisted — MARMLS
• 2022-01-27 Contingent — MARMLS
• 2021-12-07 Listing Removed — MARMLS
• 2021-12-07 Listed $435,000 MARMLS
• 2021-10-29 Listed $435,000 MARMLS
• 2021-09-29 Listing Removed — MARMLS
• 2021-07-13 Relisted — MARMLS
• 2021-07-13 Listing Removed — MARMLS
• 2021-07-13 Listed $429,000 MARMLS
• 2021-07-06 Sold (Public Records) $300,000 Public Records
• 2015-12-07 Sold (MLS) $95,600 MARMLS
• 2015-10-16 Sold (Public Records) $95,600 Public Records
• 2015-08-31 Pending — MARMLS
• 2015-08-20 Listed $79,900 MARMLS
• 2014-05-02 Listing Removed — Beaches MLS
• 2013-12-02 Listed $84,500 Beaches MLS
• 2004-03-31 Sold (Public Records) $129,000 Public Records
• 2003-09-26 Sold (Public Records) $60,000 Public Records
• 1983-05-01 Sold (Public Records) $25,000 Public Records

Property tax history

+14.7%/yr

Latest (2025): $7,561 · +0.4% YoY. Source: county tax records.