414 NW 84th Ter Unit 414

Miami, FL 33150 · townhomes · For Sale · 14 days on market
Asking price$248,000
4 beds 2 baths 1,410 sqft
Suggested offer$235,114$12,886 above the est. market value of $235,114.
View on Realtor.com →
Listed by an agent · Grand Realty Of America, Corp.
Typetownhomes
Built1958
Price / sqft$176
Est. value (Realtor.com)$235,114
Rent estimate (own analysis)$3,800/mo
HOA$430/mo
Wind10/10Extreme$Heat10/10ExtremeFlood8/10severe$Air2/10MinorWildfire1/10Minimal
Street view
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-08-19
Removed date
MLSMiamiMLS #A12074426
Coordinates25.85134, -80.20208
Address414 NW 84th Ter Unit 414
CityMiami
StateFL
Zip33150
Listing ID5040213045
Sourceus-real-estate-listings, cached 2026-08-31

Listing description

Spacious 4 bedroom, 2 full bathroom townhouse offering 1410 sqft. of comfortable living space in an excellent location. The well designed home features tile flooring throughout, generously sized bedrooms, and bright , open living areas. Enjoy a private patio perfect for relaxing or entertaining. A great opportunity for anyone looking for plenty of space and functional layout.

Property information

Homeowners Association

  • Association: Yes
  • Association Fee: 430
  • Association Fee Frequency: Monthly
  • Calculated Total Monthly Association Fees: 430
  • Pets Allowed: Conditional, Yes
  • Senior Community: No

Rental Info

  • Lease Considered: No

Other Property Info

  • Annual Tax Amount: 3423
  • Source Listing Status: Active
  • County: Miami-Dade
  • Tax Year: 2025
  • Restrictions: OtherRestrictions
  • Source Property Type: Residential
  • Area: 31
  • Property Subtype: townhouse
  • Source Neighborhood: SUNSET PALM VILLAS CONDO
  • Parcel Number: 30-31-12-106-0700
  • Postal City: Miami
  • Postal Code Plus 4: 2637
  • Public Survey Range: 31
  • Public Survey Section: 12
  • Public Survey Township: 30
  • Subdivision: SUNSET PALM VILLAS CONDO
  • Property Subtype: Townhouse

Building and Construction

  • Total Square Feet Living: 1410
  • Year Built: 1958
  • Building Area Total: 1410
  • Construction Materials: Block
  • Entry Level: 1
  • Entry Location: 1
  • Property Age: 68
  • Property Attached: Yes
  • Property Condition: UpdatedRemodeled
  • Building Total Stories: 1
  • Year Built Details: Resale

Property features

Interior Features

  • BedroomOnMainLevel
  • FirstFloorEntry
  • TubShower
  • Flooring: CeramicTile, Tile

Appliances

  • ElectricRange
  • ElectricWaterHeater
  • Refrigerator
  • Laundry Features: WasherHookup, DryerHookup

Heating and Cooling

  • Cooling Features: CentralAir, Electric
  • Heating Features: Central, Electric
  • Heating: Yes

Garage and Parking

  • Covered Spaces: 2
  • Garage Spaces: 2
  • Parking Features: Assigned, Detached, Garage, Guest, TwoOrMoreSpaces

Home Features

  • View: Garden

School Information

  • Elementary School: Jesse J McCrary Jr.
  • High School: Miami Edison
  • Middle School: Horace Mann

Condo Info

  • Unit Location: Substantially Remodeled

Annual property tax

YearAssessed valueTax paid
2025$202,200$3,423
2024$202,200$3,427
2023$175,800$2,998
2022$90,396$1,864
2021$82,179$1,767
2020$74,709$1,441
2019$67,918$1,373
2018$61,744$1,212
2017$66,802$1,057
2016$51,029$946
2015$46,390$846
2014$46,390$865
2013$46,390$863
2012$46,390$858
2011$46,390$868
2010$66,270$1,355
2009$101,950$1,926
2008$113,280$2,108
2007$113,280$2,103
Real multi-year tax history from US Real Estate Listings.

Listings history

estimate range asking now
estimate range asking now
estimate range asking now
estimate range sold asking asking now
Each provider's latest estimate
Valuation providerAs ofEstimate
Cotality™2026-08-10$255,000
Quantarium2026-08-26$235,114
Collateral Analytics2026-08-13$220,000
Collateral Analytics2026-08-13$220,000

Independent automated valuation models, none of them Realtor.com's own. They disagree — that spread is why the chart draws a band rather than one line.

DateEventPrice
2026-08-21Listing removed$2,750
2026-08-19Listed$248,000
2026-06-11Listing removed$2,750
2023-09-27Listing removed
2023-08-28Listed$308,000
2023-04-19Listing removed
2023-04-14Listed for rent$2,750
2023-04-13Listing removed
2023-04-07Listed for rent$2,750
2023-04-06Listing removed
2023-03-31Listed for rent$2,750
2022-08-01Sold$185,000
2022-05-01Listed$185,000
2001-11-29Sold$79,900
Real listing/price/sale history from US Real Estate Listings.

Permits history

project_namepermit_type_of_workpermit_project_type_1permit_project_type_2permit_project_type_3permit_effective_datepermit_status
BuildingResidentialJan 23, 2021Issued

ZIP market snapshot (33150)

Typical home value (ZHVI)$453,432
Typical rent (ZORI)$2,416/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)

Purchase price$248,000
Down payment (20.0%)$49,600
Loan amount$198,400
Closing costs (5.0%)$12,400
Total cash to close$62,000
Rent (comp-derived)$3,800$45,600
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$45,600
Vacancy rate (assumption) assumption8.0%

$45,600 × 8.0% = $3,648

Effective gross income$3,496$41,952
Property tax (real billed amount, county tax history)$285$3,423
Insurance (est. scaled by flood & wind risk)$322$3,869
HOA dues$430$5,160
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$190$2,280
Total operating expenses$1,228$14,732
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$41,952
Total operating expenses derived$14,732

$41,952 − $14,732 = $27,220

Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing)

Monthly Principal & Interest

Standard amortization on the loan amount, at the effective rate and term

Loan amount derived$198,400
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$198,400 amortized at 6.7% over 30 years = $1,275/mo

CapEx reserve (5.0% of GSR)$190$2,280
Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%)$0$0
Cash flow

Monthly Cash Flow

(NOI − Annual Debt Service − Annual CapEx Reserve − Annual PMI) ÷ 12

NOI derived$27,220
Annual debt service derived$15,300
Annual CapEx reserve assumption$2,280
Annual PMI assumption$0

($27,220 − $15,300 − $2,280 − $0) ÷ 12 = $803

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$27,220
Purchase price data$248,000

$27,220 ÷ $248,000 = 11.0%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived$9,641
Total cash to close derived$62,000

$9,641 ÷ $62,000 = 15.5%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$27,220
Annual debt service derived$15,300

$27,220 ÷ $15,300 = 1.78

Rent-to-price (1% rule)

Rent-to-Price (the "1% rule")

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$45,600
Purchase price data$248,000

($45,600 ÷ 12) ÷ $248,000 = 1.5%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$248,000
Gross scheduled rent (annual) comp$45,600

$248,000 ÷ $45,600 = 5.4

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$14,732
Effective gross income derived$41,952

$14,732 ÷ $41,952 = 35.1%

Break-even occupancy

Break-Even Occupancy

(Total OpEx + Annual Debt Service + Annual PMI) ÷ Gross Scheduled Rent

Total operating expenses derived$14,732
Annual debt service derived$15,300
Annual PMI assumption$0
Gross scheduled rent (annual) comp$45,600

($14,732 + $15,300 + $0) ÷ $45,600 = 65.9%

Comparables

Widened to city-wide. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
townhomes431,820$4,1002026-08-11
townhomes431,876$3,5002026-05-22
townhomes431,820$4,2002026-06-22
townhomes431,899$3,5002026-03-11

12613 NW 23rd Pl Unit 0

Miami, 33167 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,820
Listed2026-08-11
Days on market

Asking rent: $4,100

View on Zillow →

22348 SW 115 Ct Unit 22348

Miami, 33170 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,876
Listed2026-05-22
Days on market

Asking rent: $3,500

View on Zillow →

12612 NW 22nd Pl Unit 12612

Miami, 33167 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,820
Listed2026-06-22
Days on market

Asking rent: $4,200

View on Zillow →

Miami, 33194 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,899
Listed2026-03-11
Days on market

Asking rent: $3,500

View on Zillow →

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
434 NW 85th Street Rd Unit 434townhomes421,410$224,0002026-05-27
315 NW 84th Ter Unit 315townhomes321,150$185,0002026-03-30

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.

AddressTypeBedsBathsSqftAsking priceDays on market
460 NW 82nd Tersingle_family431,738$579,000
948 NW 84th Tersingle_family421,360$550,000
7770 NW 9th Avemulti_family421,342$560,000
8454 NW 4th Ave Unit 8454condos431,660$300,000
8440 NW 4th Ave Unit 8440condos431,660$300,000
836 NW 98th Stmulti_family421,482$599,000
578 NW 97th Stsingle_family421,368$530,000
428 NW 97th Stmulti_family421,353$599,000

10-year hold projection

IRR23.9%
Equity multiple4.54x
Total return (10yr)$252,172
YearProperty valueNOICash flowLoan balanceEquity
1$255,440$27,220$9,641$196,249$59,191
2$263,103$28,110$10,474$193,950$69,153
3$270,996$29,029$11,334$191,493$79,503
4$279,126$29,978$12,223$188,868$90,258
5$287,500$30,956$13,140$186,062$101,438
6$296,125$31,966$14,087$183,064$113,061
7$305,009$33,009$15,065$179,860$125,149
8$314,159$34,084$16,074$176,436$137,723
9$323,584$35,194$17,117$172,776$150,807
10$333,291$36,340$18,193$168,866$164,426
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.
All figures are estimates for evaluation purposes only, not investment, tax, legal, or insurance advice. Property tax is estimated from a real matched tax bill or millage rate when available, a placeholder % of price otherwise; insurance is scaled by flood and wind risk where those are known and a flat percentage otherwise — never a real quote. Verify all of them, along with association restrictions and permit status, before committing capital. Rent estimates come from real comps or Zillow’s ZIP index, not appraisals.