2470-2472 NE 182nd Ter

North Miami Beach, FL 33160 · multi_family · For Sale · 216 days on market
Asking price$740,000
4 beds 2 baths 1,778 sqft
Suggested offer$518,452$221,548 above the est. market value of $518,452.
View on Realtor.com →
Listed by Diana Calle · Robert Slack LLC
Typemulti_family
Built1967
Price / sqft$416
Est. value (Zillow ZIP avg)$518,452
Rent estimate (building total, own analysis)$6,144/mo
HOANone
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-01-30
Removed date
MLSMiamiMLS #A11954873
Coordinates25.94445, -80.15096
Address2470-2472 NE 182nd Ter
CityNorth Miami Beach
StateFL
Zip33160
Listing ID5633775929
Sourceus-real-estate-listings, cached 2026-08-31

ZIP market snapshot (33160)

Typical home value (ZHVI)$518,452
Typical rent (ZORI)$3,079/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$740,000
Down payment (20.0%)$148,000
Loan amount$592,000
Closing costs (5.0%)$37,000
Total cash to close$185,000
Rent (estimate)$6,144$73,725
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$73,725
Vacancy rate (assumption) assumption8.0%

$73,725 × 8.0% = $5,898

Effective gross income$5,652$67,827
Property tax (placeholder 1.9% of price)$1,172$14,060
Insurance (placeholder 0.8% of price)$493$5,920
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$307$3,686
Total operating expenses$1,972$23,666
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$67,827
Total operating expenses derived$23,666

$67,827 − $23,666 = $44,161

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$592,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$592,000 amortized at 6.7% over 30 years = $3,804/mo

CapEx reserve (5.0% of GSR)$307$3,686
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$44,161
Annual debt service derived$45,652
Annual CapEx reserve assumption$3,686
Annual PMI assumption$0

($44,161 − $45,652 − $3,686 − $0) ÷ 12 = -$431

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$44,161
Purchase price data$740,000

$44,161 ÷ $740,000 = 6.0%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$5,178
Total cash to close derived$185,000

-$5,178 ÷ $185,000 = -2.8%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$44,161
Annual debt service derived$45,652

$44,161 ÷ $45,652 = 0.97

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$73,725
Purchase price data$740,000

($73,725 ÷ 12) ÷ $740,000 = 0.8%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$740,000
Gross scheduled rent (annual) comp$73,725

$740,000 ÷ $73,725 = 10.0

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$23,666
Effective gross income derived$67,827

$23,666 ÷ $67,827 = 34.9%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$23,666
Annual debt service derived$45,652
Annual PMI assumption$0
Gross scheduled rent (annual) comp$73,725

($23,666 + $45,652 + $0) ÷ $73,725 = 94.0%

Comparables

Same ZIP. Real active rental listings, used to derive the rent estimate above.

No active rental listings cached yet for this bedroom count.

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.

No recent recorded sales cached yet for this ZIP.

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
333 Atlantic Avesingle_family442,426$11,999,000
3949 194th Lnsingle_family442,353$2,259,000
3341 NE 170th Stsingle_family433,556$3,500,000
18555 Collins Ave Apt 3301condos454,154$6,500,000
329 Poinciana Dr Unit 909condos432,425$1,190,000
17475 Collins Ave Ph 3201condos489,051$23,990,000
17875 Collins Ave Ph 4506condos476,419$13,495,000
2349 NE 173rd Stsingle_family431,432$839,000

10-year hold projection

IRR9.0%
Equity multiple2.41x
Total return (10yr)$357,223
YearProperty valueNOICash flowLoan balanceEquity
1$762,200$44,161-$5,178$585,581$176,619
2$785,066$45,604-$3,827$578,722$206,344
3$808,618$47,093-$2,432$571,392$237,226
4$832,877$48,630-$991$563,558$269,319
5$857,863$50,217$496$555,186$302,677
6$883,599$51,854$2,031$546,240$337,359
7$910,107$53,543$3,616$536,679$373,428
8$937,410$55,287$5,253$526,461$410,949
9$965,532$57,086$6,943$515,542$449,990
10$994,498$58,943$8,687$503,873$490,625
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.