1737-1739 NW 47th Ter
Miami, FL 33142 · multi_family · For Sale · 334 days on market
Asking price$555,000
3 beds 2 baths 1,375 sqft
Suggested offer$268,555$286,445 above the est. market value of $268,555.
View on Realtor.com →Listed by Belmis Montesino · Iconic Miami Realty
Typemulti_family
Built1957
Price / sqft$404
Est. value (own analysis)$268,555
Rent estimate (building total, own analysis)$3,451/mo
HOANone
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Statusfor_sale
Listed date2025-10-03
Removed date—
MLSMiamiMLS #A11886094
Coordinates25.81877, -80.22520
Address1737-1739 NW 47th Ter
CityMiami
StateFL
Zip33142
Listing ID5189563355
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33142)
Typical home value (ZHVI)$430,103
Typical rent (ZORI)$2,350/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 | $555,000 |
| Down payment (20.0%) | $111,000 |
| Loan amount | $444,000 |
| Closing costs (5.0%) | $27,750 |
| Total cash to close | $138,750 |
| Income | |
| Rent (estimate) | $3,451$41,415 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,175$38,102 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $879$10,545 |
| Insurance (placeholder 0.8% of price) | $370$4,440 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $173$2,071 |
| Total operating expenses | $1,421$17,056 |
| 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) | $173$2,071 |
| 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
Same ZIP. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| multi_family | 3 | 2 | 1,290 | $3,700 | — | — | |
| multi_family | 3 | 2 | 1,866 | $3,150 | — | — |
Same ZIP & bedroom count. 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 |
|---|---|---|---|---|---|---|
| 4201 NW 17th Ave | multi_family | 3 | 3 | 3,607 | $365,000 | 2026-08-07 |
| 2340 NW 23rd Ct | multi_family | 3 | 2 | 1,436 | $690,000 | 2026-06-02 |
| 1877 NW 42nd St | multi_family | 3 | 1 | 2,134 | $450,000 | 2026-05-06 |
| 1809 NW 47th Ter | multi_family | 3 | 1 | 1,512 | $295,000 | 2026-03-03 |
| 2443 NW 29th St | multi_family | 3 | 1 | 2,144 | $375,000 | 2025-12-26 |
| 3019 NW 27th St | multi_family | 3 | 1 | 1,536 | $300,000 | 2025-11-26 |
| 2709 NW 26th St | multi_family | 3 | 3 | 1,664 | $550,000 | 2025-10-20 |
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 |
|---|---|---|---|---|---|---|
| 5300 NW 30th Pl | single_family | 3 | 2 | 1,508 | $538,900 | — |
| 1300 NW 42nd St | single_family | 3 | 2 | 989 | $489,000 | — |
| 3300 NW 50th St | single_family | 3 | 1 | 832 | $419,000 | — |
| 3073 NW 59th St | single_family | 3 | 1 | 960 | $489,000 | — |
| 3035 NW 55th St | single_family | 3 | 1 | 957 | $375,000 | — |
| 6021 NW 21st Ave | single_family | 3 | 1 | 1,000 | $399,990 | — |
| 2030 NW 43rd St | single_family | 3 | 2 | 1,555 | $450,000 | — |
| 3111 NW 57th St | single_family | 3 | 2 | 1,656 | $549,500 | — |
10-year hold projection
IRR2.9%
Equity multiple1.47x
Total return (10yr)$137,090
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $571,650 | $21,046 | -$15,264 | $439,186 | $132,464 |
| 2 | $588,800 | $21,763 | -$14,599 | $434,042 | $154,758 |
| 3 | $606,463 | $22,503 | -$13,912 | $428,544 | $177,920 |
| 4 | $624,657 | $23,268 | -$13,201 | $422,669 | $201,989 |
| 5 | $643,397 | $24,058 | -$12,467 | $416,390 | $227,007 |
| 6 | $662,699 | $24,873 | -$11,709 | $409,680 | $253,019 |
| 7 | $682,580 | $25,716 | -$10,924 | $402,509 | $280,071 |
| 8 | $703,057 | $26,586 | -$10,114 | $394,846 | $308,211 |
| 9 | $724,149 | $27,485 | -$9,277 | $386,657 | $337,492 |
| 10 | $745,874 | $28,414 | -$8,411 | $377,905 | $367,969 |
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.