280 NE 48th Ter
Miami, FL 33137 · single_family · For Sale · 149 days on market
Asking price$1,550,000
5 beds 3 baths 1,682 sqft
Listed by Yves Gachette · Mega Int'l Realty
Typesingle_family
Built1959
Price / sqft$922
Est. value (own analysis)$2,943,500
Rent estimate (own analysis)$6,500/mo
HOANone
1 / 2
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Statusfor_sale
Listed date2026-04-06
Removed date—
MLSMiamiMLS #A11995084
Coordinates25.81977, -80.18972
Address280 NE 48th Ter
CityMiami
StateFL
Zip33137
Listing ID5252962966
Sourceus-real-estate-listings, cached 2026-08-30
ZIP market snapshot (33137)
Typical home value (ZHVI)$682,165
Typical rent (ZORI)$3,560/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 | $1,550,000 |
| Down payment (20.0%) | $310,000 |
| Loan amount | $1,240,000 |
| Closing costs (5.0%) | $77,500 |
| Total cash to close | $387,500 |
| Income | |
| Rent (comp-derived) | $6,500$78,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $5,980$71,760 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,454$29,450 |
| Insurance (placeholder 0.8% of price) | $1,033$12,400 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $325$3,900 |
| Total operating expenses | $3,813$45,750 |
| 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) | $325$3,900 |
| 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 | 5 | 3 | 1,986 | $12,900 | 2026-08-20 | — | |
| single_family | 5 | 2 | 2,184 | $4,370 | 2026-08-14 | — | |
| single_family | 5 | 3 | 2,009 | $5,600 | 2026-08-06 | — | |
| single_family | 5 | 4 | 1,986 | $6,500 | 2026-07-08 | — | |
| single_family | 5 | 2 | 1,747 | $3,600 | 2026-06-24 | — | |
| single_family | 5 | 4 | 2,092 | $9,500 | 2026-06-16 | — | |
| single_family | 5 | 3 | 2,091 | $6,999 | 2026-05-11 | — | |
| single_family | 5 | 3 | 1,462 | $5,000 | 2026-04-29 | — | |
| single_family | 5 | 4 | 1,334 | $5,900 | 2026-07-27 | — | |
| single_family | 5 | 3 | 1,940 | $18,000 | 2026-08-25 | — | |
| single_family | 5 | 3 | 1,970 | $6,850 | 2025-10-28 | — | |
| single_family | 5 | 3 | 2,189 | $12,000 | 2026-04-02 | — | |
| single_family | 5 | 4 | 2,150 | $8,500 | 2025-11-25 | — | |
| single_family | 5 | 2 | 1,500 | $4,400 | — | — | |
| single_family | 5 | 3 | 1,752 | $5,800 | — | — | |
| single_family | 5 | 2 | 1,898 | $5,700 | 2026-08-31 | — | |
| single_family | 5 | 4 | 2,194 | $12,500 | 2026-09-01 | — |
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 |
|---|---|---|---|---|---|---|
| 30 NE 50th St | single_family | 5 | 5 | 2,870 | $2,600,000 | 2026-08-10 |
| 471 NE 53rd St | single_family | 5 | 3 | 2,436 | $1,825,000 | 2026-07-23 |
| 661 Melaleuca Ln | single_family | 5 | 6 | 5,266 | $10,800,000 | 2026-06-22 |
| 5960 N Bayshore Dr | single_family | 5 | 5 | 4,000 | $7,000,000 | 2026-05-13 |
| 575 Hibiscus Ln | single_family | 5 | 5 | 3,814 | $9,600,000 | 2026-04-28 |
| 484 NE 57th St | single_family | 5 | 5 | 3,146 | $3,650,000 | 2026-01-23 |
| 4301 Gate Ln | single_family | 5 | 6 | 4,081 | $7,690,000 | 2025-12-08 |
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 |
|---|---|---|---|---|---|---|
| 3131 NE 7th Ave Unit 5003 | condos | 5 | 6 | 2,887 | $4,150,000 | — |
| 700 NE 24th St Unit 6003 | condos | 5 | 6 | 5,010 | $7,695,000 | — |
| 700 NE 26th Ter Ph 2 | condos | 5 | 7 | 6,834 | $6,500,000 | — |
| 547 NE 57th St | single_family | 5 | 6 | 4,658 | $6,380,000 | — |
| 5261 NE 5th Ave | single_family | 5 | 6 | 4,142 | $5,950,000 | — |
| 460 NE 28th St Apt 4002 | condos | 5 | 4 | 2,248 | $2,175,000 | — |
| 680 Buttonwood Ln | single_family | 5 | 6 | 3,645 | $10,800,000 | — |
| 788 NE 23rd St Unit 3801 | condos | 5 | 6 | 3,966 | $5,775,000 | — |
10-year hold projection
IRR-2.7%
Equity multiple0.55x
Total return (10yr)$27,833
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,596,500 | $26,010 | -$73,513 | $1,226,556 | $369,944 |
| 2 | $1,644,395 | $27,019 | -$72,601 | $1,212,188 | $432,207 |
| 3 | $1,693,727 | $28,064 | -$71,656 | $1,196,834 | $496,893 |
| 4 | $1,744,539 | $29,146 | -$70,676 | $1,180,425 | $564,113 |
| 5 | $1,796,875 | $30,267 | -$69,661 | $1,162,890 | $633,985 |
| 6 | $1,850,781 | $31,428 | -$68,608 | $1,144,151 | $706,631 |
| 7 | $1,906,304 | $32,629 | -$67,516 | $1,124,124 | $782,180 |
| 8 | $1,963,494 | $33,873 | -$66,385 | $1,102,723 | $860,771 |
| 9 | $2,022,398 | $35,161 | -$65,213 | $1,079,851 | $942,547 |
| 10 | $2,083,070 | $36,495 | -$63,998 | $1,055,409 | $1,027,661 |
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.