2231 NW 4th Ter
Miami, FL 33125 · single_family · For Sale · 119 days on market
Asking price$749,000
6 beds 4 baths 2,128 sqft
Listed by Thomas McDaniel · Real Estate Sales Force
Typesingle_family
Built1928
Price / sqft$352
Est. value (own analysis)$784,104
Rent estimate (own analysis)$26,500/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeAir2/10MinorFlood1/10minimal$Wildfire1/10Minimal
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⚠ Cap rate of 33.8% is above the 20% sanity ceiling — verify the underlying price, rent, and expense data before trusting this. Cash-on-cash return of 102.2% is above the 50% sanity ceiling for a standard buy-and-hold — verify inputs before trusting this.
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Statusfor_sale
Listed date2026-05-06
Removed date—
MLSMiamiMLS #A12012356
Coordinates25.77764, -80.23180
Address2231 NW 4th Ter
CityMiami
StateFL
Zip33125
Listing ID5035739787
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33125)
Typical home value (ZHVI)$466,681
Typical rent (ZORI)$2,360/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)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $749,000 |
| Down payment (20.0%) | $149,800 |
| Loan amount | $599,200 |
| Closing costs (5.0%) | $37,450 |
| Total cash to close | $187,250 |
| Income | |
| Rent (comp-derived) | $26,500$318,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $24,380$292,560 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,186$14,231 |
| Insurance (est. scaled by flood & wind risk) | $749$8,988 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $1,325$15,900 |
| Total operating expenses | $3,260$39,119 |
| Net operating income (NOI) | |
| Debt service & reserves | |
| Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing) | |
| CapEx reserve (5.0% of GSR) | $1,325$15,900 |
| Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%) | $0$0 |
| Cash flow |
Cap rate
Cash-on-cash
DSCR
Rent-to-price (1% rule)
Gross rent multiplier
Operating expense ratio
Break-even occupancy
Comparables
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| single_family | 6 | 4 | 3,500 | $17,000 | 2026-08-13 | — | |
| single_family | 6 | 4 | 2,763 | $6,500 | 2026-08-18 | — | |
| single_family | 6 | 4 | 3,218 | $7,900 | 2026-07-24 | — | |
| single_family | 6 | 7 | 5,850 | $25,000 | 2026-07-21 | — | |
| single_family | 6 | 7 | 5,712 | $65,000 | 2026-07-01 | — | |
| single_family | 6 | 3 | 1,854 | $5,300 | 2026-08-26 | — | |
| single_family | 6 | 6 | 5,322 | $28,000 | 2026-06-17 | — | |
| single_family | 6 | 5 | 4,432 | $29,500 | 2026-06-17 | — | |
| single_family | 6 | 6 | 4,181 | $18,000 | 2026-08-03 | — | |
| single_family | 6 | 8 | 5,568 | $58,500 | 2026-04-15 | — | |
| single_family | 6 | 5 | 3,446 | $30,000 | 2023-02-13 | — | |
| single_family | 6 | 6 | 5,324 | $30,000 | 2025-10-07 | — | |
| single_family | 6 | 4 | 6,112 | $30,000 | — | — | |
| single_family | 6 | 4 | 3,078 | $3,500 | 2026-08-28 | — |
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.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 2850 NW 5th St | single_family | 3 | 2 | 2,347 | $828,000 | 2026-08-28 |
| 3210 NW 19th St | single_family | 3 | 2 | 1,553 | $595,000 | 2026-08-24 |
| 3625 NW 13th St | single_family | 3 | 1 | 1,578 | $699,000 | 2026-08-12 |
| 1135 NW 32nd Ct | single_family | 2 | 1 | 1,295 | $423,000 | 2026-08-05 |
| 3630 NW 4th Ter | single_family | 3 | 1 | 1,504 | $535,000 | 2026-08-03 |
| 920 NW 35th Ave | single_family | 4 | 3 | 1,353 | $690,000 | 2026-07-31 |
| 3527 NW 17th St | single_family | 2 | 1 | 1,442 | $640,000 | 2026-07-31 |
| 3310 NW 19th Ter | single_family | 3 | 2 | 1,435 | $580,000 | 2026-07-29 |
| 725 NW 24th Ct | single_family | 3 | 3 | 2,595 | $660,000 | 2026-07-24 |
| 2275 NW 4th St | single_family | 3 | 2 | 2,120 | $720,000 | 2026-07-23 |
| 1918 NW 19th Ave | single_family | 4 | 2 | 1,520 | $660,000 | 2026-07-23 |
| 2152 NW 18th St | single_family | 3 | 1 | 1,464 | $400,000 | 2026-07-22 |
| 3030 NW 5th St | single_family | 2 | 1 | 1,111 | $650,000 | 2026-07-13 |
| 1291 NW 22nd Ave | single_family | 3 | 1 | 1,916 | $580,000 | 2026-07-13 |
| 1644 NW 8th Ter | single_family | 4 | 5 | 2,640 | $1,100,000 | 2026-07-10 |
| 3500 NW 14th Ter | single_family | 2 | 2 | 1,852 | $350,000 | 2026-07-07 |
| 2810 NW 6th St | single_family | 2 | 1 | 1,328 | $570,000 | 2026-06-29 |
| 860 NW 18th Pl | single_family | 3 | 2 | 1,272 | $575,000 | 2026-06-24 |
| 1538 NW 15th Ave | single_family | 2 | 1 | 810 | $595,500 | 2026-06-22 |
| 1538 NW 15th Ave | single_family | 2 | 1 | 810 | $595,500 | 2026-06-22 |
| 2376 NW 2nd St | single_family | 5 | 4 | 1,484 | $860,000 | 2026-06-19 |
| 3000 NW 5th St | single_family | 3 | 2 | 1,966 | $560,000 | 2026-06-18 |
| 2965 NW 1st St | single_family | 4 | 3 | 1,350 | $234,000 | 2026-06-16 |
| 2760 NW 4th Ter | single_family | 6 | 4 | 2,404 | $745,000 | 2026-06-10 |
| 1960 NW 24th Ct | single_family | 4 | 2 | 2,088 | $635,000 | 2026-06-04 |
| 3431 NW 14th Ter | single_family | 3 | 3 | 1,870 | $837,000 | 2026-06-04 |
| 2272 NW 4th St | single_family | 2 | 1 | 1,760 | $660,000 | 2026-05-27 |
| 721 NW 32nd Ct | single_family | 3 | 1 | 983 | $460,000 | 2026-05-27 |
| 3446 NW 17th St | single_family | 3 | 2 | 2,427 | $560,000 | 2026-05-27 |
| 1030 NW 30th Ave | single_family | 2 | 1 | 1,100 | $425,000 | 2026-05-26 |
| 2400 NW 15th St | single_family | 2 | 1 | 1,257 | $525,000 | 2026-05-26 |
| 2166 NW 18th St | single_family | 3 | 2 | 1,586 | $490,000 | 2026-05-21 |
| 3684 NW 19th Ter | single_family | 2 | 1 | 955 | $400,000 | 2026-05-20 |
| 904 NW 15th Ave | single_family | 3 | 2 | 2,263 | $549,000 | 2026-05-18 |
| 421 NW 32nd Ct | single_family | 4 | 2 | 1,842 | $655,000 | 2026-05-18 |
| 1051 NW 25th Ave | single_family | 3 | 1 | 2,518 | $800,000 | 2026-05-13 |
| 3180 NW 2nd St | single_family | 3 | 2 | 1,304 | $698,000 | 2026-05-08 |
| 2840 NW 4th St | single_family | 3 | 3 | 2,346 | $615,000 | 2026-05-06 |
| 831 NW 21st Ct | single_family | 2 | 2 | 832 | $390,000 | 2026-05-05 |
| 830 NW 30th Ct | single_family | 4 | 2 | 1,915 | $620,000 | 2026-05-01 |
| 1281 NW 31st Ave | single_family | 3 | 2 | 1,499 | $630,000 | 2026-05-01 |
| 1648 NW 28th Ave | single_family | 3 | 2 | 1,980 | $545,000 | 2026-04-30 |
| 2031 NW South River Dr | single_family | 3 | 3 | 2,434 | $1,005,000 | 2026-04-27 |
| 1520 NW 29th Ave | single_family | 3 | 2 | 1,430 | $745,000 | 2026-04-23 |
| 431 NW 32nd Ct | single_family | 3 | 2 | 1,492 | $540,000 | 2026-04-22 |
| 2091 NW 14th St | single_family | 4 | 2 | 3,588 | $1,500,000 | 2026-04-21 |
| 3430 NW 14th Ter | single_family | — | 0 | 1,884 | $500,000 | 2026-04-07 |
| 46 NW 24th Ct | single_family | 4 | 4 | 2,046 | $635,000 | 2026-03-31 |
| 301 NW 23rd Ave | single_family | 2 | 2 | 1,574 | $445,000 | 2026-03-27 |
| 1829 NW 31st Ave | single_family | 4 | 2 | 1,998 | $623,000 | 2026-03-23 |
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.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 3321 NW 19th Ter | multi_family | 6 | 4 | 2,244 | $1,180,000 | — |
| 901 NW 22nd Ct | multi_family | 6 | 4 | 2,500 | $995,000 | — |
| 1237 NW 33rd Ave | multi_family | 6 | 3 | 2,060 | $795,000 | — |
| 821 NW 36th Ave | multi_family | 6 | 3 | 2,404 | $1,040,500 | — |
| 3061 NW 14th St | multi_family | 6 | 4 | 3,158 | $890,000 | — |
| 1680 NW 22nd Ct | multi_family | 6 | 5 | 3,264 | $1,100,000 | — |
| 2262 NW 4th St | single_family | 6 | 4 | 2,802 | $666,990 | — |
| 605 NW 34th Ave | multi_family | 6 | 5 | 5,334 | $1,700,000 | — |
10-year hold projection
IRR106.1%
Equity multiple14.48x
Total return (10yr)$2,622,192
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $771,470 | $253,441 | $191,334 | $592,703 | $178,767 |
| 2 | $794,614 | $261,240 | $198,735 | $585,761 | $208,854 |
| 3 | $818,453 | $269,278 | $206,365 | $578,341 | $240,111 |
| 4 | $843,006 | $277,561 | $214,231 | $570,412 | $272,594 |
| 5 | $868,296 | $286,099 | $222,341 | $561,938 | $306,358 |
| 6 | $894,345 | $294,898 | $230,701 | $552,883 | $341,462 |
| 7 | $921,176 | $303,966 | $239,319 | $543,206 | $377,970 |
| 8 | $948,811 | $313,312 | $248,204 | $532,864 | $415,947 |
| 9 | $977,275 | $322,944 | $257,364 | $521,812 | $455,463 |
| 10 | $1,006,593 | $332,870 | $266,806 | $510,001 | $496,593 |
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.