8575 NW 5th Ter Unit 1509
Miami, FL 33126 · townhomes · For Sale · 16 days on market
Asking price$475,000
2 beds 3 baths 979 sqft
Suggested offer$342,100$132,900 above the est. market value of $342,100.
View on Realtor.com →Listed by Jhon Salazar PA · Real Estate Craft, LLC.
Typetownhomes
Built—
Price / sqft$485
Est. value (Realtor.com)$342,100
Rent estimate (own analysis)$2,600/mo
HOA$314/mo
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Statusfor_sale
Listed date2026-08-14
Removed date—
MLSMiamiMLS #A12071709
Coordinates25.77527, -80.33426
Address8575 NW 5th Ter Unit 1509
CityMiami
StateFL
Zip33126
Listing ID5544102699
Sourcerealtor, cached 2026-08-21
ZIP market snapshot (33126)
Typical home value (ZHVI)$303,717
Typical rent (ZORI)$2,370/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 | $475,000 |
| Down payment (20.0%) | $95,000 |
| Loan amount | $380,000 |
| Closing costs (5.0%) | $23,750 |
| Total cash to close | $118,750 |
| Income | |
| Rent (comp-derived) | $2,600$31,200 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,392$28,704 |
| Operating expenses | |
| Property tax (real MLS tax bill, from Realtor Search) | $414$4,965 |
| Insurance (placeholder 0.8% of price) | $317$3,800 |
| HOA dues | $314$3,768 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $130$1,560 |
| Total operating expenses | $1,174$14,093 |
| 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) | $130$1,560 |
| 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 | 2 | 3 | 979 | $2,899 | 2026-08-14 | — | |
| townhomes | 2 | 2 | 914 | $2,600 | 2026-08-14 | — | |
| townhomes | 2 | 2 | 845 | $2,650 | 2026-08-07 | — | |
| townhomes | 2 | 3 | 979 | $2,550 | 2026-08-07 | — | |
| townhomes | 2 | 2 | 914 | $2,400 | 2026-07-16 | — | |
| townhomes | 2 | 3 | 1,250 | $2,850 | 2026-07-10 | — | |
| townhomes | 2 | 3 | 1,020 | $2,600 | 2026-07-04 | — | |
| townhomes | 2 | 3 | 954 | $2,650 | 2026-06-30 | — | |
| townhomes | 2 | 3 | 1,000 | $2,600 | 2026-06-25 | — | |
| townhomes | 2 | 2 | 859 | $2,350 | 2026-06-03 | — | |
| townhomes | 2 | 2 | 914 | $2,700 | 2026-05-18 | — | |
| townhomes | 2 | 2 | 914 | $2,300 | 2026-05-10 | — | |
| townhomes | 2 | 2 | 805 | $2,350 | 2026-08-04 | — | |
| townhomes | 2 | 3 | 965 | $2,500 | 2026-08-29 | — | |
| townhomes | 2 | 3 | 970 | $2,500 | 2026-08-29 | — |
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 |
|---|---|---|---|---|---|---|
| 8300 NW 10th St | townhomes | 2 | 3 | 1,250 | $325,000 | 2026-06-29 |
| 8389 NW 8th St | townhomes | 2 | 3 | 952 | $375,000 | 2026-06-16 |
| 8670 NW 6th Ln Unit 4-109 | townhomes | 2 | 2 | 845 | $320,000 | 2026-06-05 |
| 8550 NW 3rd Ln Unit 304 | townhomes | 2 | 3 | 979 | $332,000 | 2026-03-31 |
| 8262 NW 5th Ln Apt 392 | townhomes | 2 | 2 | 914 | $320,000 | 2026-02-27 |
| 8430 NW 8th St Apt A11 | townhomes | 2 | 3 | 970 | $280,000 | 2026-01-28 |
| 8360 NW 8th St Unit 11-2 | townhomes | 2 | 3 | 1,150 | $270,000 | 2025-12-22 |
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 |
|---|---|---|---|---|---|---|
| 650 NW 86th Pl Unit 3-101 | condos | 2 | 2 | 845 | $315,000 | — |
| 5033 NW 7th St Apt 209 | condos | 2 | 2 | 876 | $230,000 | — |
| 8411 NW 8th St Apt 105 | condos | 2 | 2 | 1,099 | $295,000 | — |
| 8145 NW 7th St Apt 404 | condos | 2 | 2 | 870 | $274,999 | — |
| 4855 NW 7th St Unit 410-6 | condos | 2 | 2 | 782 | $229,000 | — |
| 5091 NW 7th St Apt 615 | condos | 2 | 2 | 984 | $370,000 | — |
| townhomes | 2 | 3 | 1,250 | $370,000 | — | |
| 8411 NW 8th St Apt 102 | condos | 2 | 2 | 1,099 | $284,999 | — |
10-year hold projection
IRR1.0%
Equity multiple1.16x
Total return (10yr)$80,583
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $489,250 | $14,611 | -$16,253 | $375,880 | $113,370 |
| 2 | $503,928 | $15,120 | -$15,783 | $371,477 | $132,450 |
| 3 | $519,045 | $15,646 | -$15,297 | $366,772 | $152,274 |
| 4 | $534,617 | $16,189 | -$14,795 | $361,743 | $172,873 |
| 5 | $550,655 | $16,751 | -$14,275 | $356,370 | $194,286 |
| 6 | $567,175 | $17,331 | -$13,738 | $350,627 | $216,548 |
| 7 | $584,190 | $17,931 | -$13,182 | $344,490 | $239,700 |
| 8 | $601,716 | $18,550 | -$12,608 | $337,931 | $263,784 |
| 9 | $619,767 | $19,190 | -$12,014 | $330,922 | $288,845 |
| 10 | $638,360 | $19,852 | -$11,400 | $323,432 | $314,928 |
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.