3028 NE Quayside Ln Unit 34
Miami, FL 33138 · townhomes · For Sale · 159 days on market
Asking price$1,429,000
3 beds 4 baths 2,222 sqft
Suggested offer$615,885$813,115 above the est. market value of $615,885.
View on Realtor.com →Listed by Julian Calderin · One Sotheby's International Realty
Typetownhomes
Built2003
Price / sqft$643
Est. value (Zillow, adjusted)$615,885
Rent estimate (own analysis)$18,000/mo
HOA$784/mo
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Statusfor_sale
Listed date2026-03-27
Removed date—
MLSMiamiMLS #A11990521
Coordinates25.87298, -80.16718
Address3028 NE Quayside Ln Unit 34
CityMiami
StateFL
Zip33138
Listing ID5289024445
Sourceus-real-estate-listings, cached 2026-08-30
ZIP market snapshot (33138)
Typical home value (ZHVI)$806,988
Typical rent (ZORI)$2,367/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 | $1,429,000 |
| Down payment (20.0%) | $285,800 |
| Loan amount | $1,143,200 |
| Closing costs (5.0%) | $71,450 |
| Total cash to close | $357,250 |
| Income | |
| Rent (comp-derived) | $18,000$216,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $16,560$198,720 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,263$27,151 |
| Insurance (placeholder 0.8% of price) | $953$11,432 |
| HOA dues | $784$9,408 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $900$10,800 |
| Total operating expenses | $4,899$58,791 |
| 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) | $900$10,800 |
| 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 |
|---|---|---|---|---|---|---|---|
| townhomes | 3 | 3 | 2,622 | $6,050 | 2026-07-01 | — | |
| townhomes | 3 | 4 | 2,200 | $20,000 | 2026-08-28 | — | |
| townhomes | 3 | 3 | 2,200 | $18,000 | 2026-09-01 | — |
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 |
|---|---|---|---|---|---|---|
| 5021 NE London Walk Ter Unit 50 | townhomes | 3 | 3 | 3,500 | $2,300,000 | 2026-08-05 |
| 1503 NE 105th St Unit 1-10 | townhomes | 2 | 3 | 1,507 | $415,000 | 2026-05-15 |
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 |
|---|---|---|---|---|---|---|
| 1000 Quayside Ter Apt 901 | condos | 3 | 3 | 1,913 | $729,000 | — |
| 725 NE 81st St | single_family | 3 | 2 | 1,732 | $1,400,000 | — |
| 742 NE 82nd Ter | single_family | 3 | 3 | 1,432 | $1,300,000 | — |
| 1000 Quayside Ter Apt 1901 | condos | 3 | 3 | 1,913 | $649,000 | — |
| 8920 NE 9th Ct | single_family | 3 | 3 | 2,016 | $1,555,000 | — |
| 711 NE 72nd Ter | single_family | 3 | 2 | 1,514 | $1,549,000 | — |
| 830 NE 83rd St | single_family | 3 | 2 | 1,494 | $975,000 | — |
| 510 NE 72nd St | single_family | 3 | 2 | 1,725 | $895,000 | — |
10-year hold projection
IRR20.4%
Equity multiple4.06x
Total return (10yr)$1,278,504
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,471,870 | $139,929 | $40,971 | $1,130,805 | $341,065 |
| 2 | $1,516,026 | $144,421 | $45,193 | $1,117,559 | $398,467 |
| 3 | $1,561,507 | $149,055 | $49,550 | $1,103,404 | $458,103 |
| 4 | $1,608,352 | $153,835 | $54,047 | $1,088,276 | $520,076 |
| 5 | $1,656,603 | $158,767 | $58,688 | $1,072,109 | $584,493 |
| 6 | $1,706,301 | $163,854 | $63,477 | $1,054,833 | $651,468 |
| 7 | $1,757,490 | $169,103 | $68,420 | $1,036,370 | $721,120 |
| 8 | $1,810,214 | $174,517 | $73,521 | $1,016,639 | $793,576 |
| 9 | $1,864,521 | $180,101 | $78,785 | $995,553 | $868,968 |
| 10 | $1,920,457 | $185,863 | $84,217 | $973,019 | $947,438 |
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.