1243 NW 29th Ter
Miami, FL 33142 · multi_family · For Sale · 22 days on market
Asking price$775,000
6 beds 3 baths 1,792 sqft
Suggested offer$500,282$274,718 above the est. market value of $500,282.
View on Realtor.com →Listed by Jania Brown · Lifestyle International Realty
Typemulti_family
Built1935
Price / sqft$432
Est. value (own analysis)$500,282
Rent estimate (building total, own analysis)$4,498/mo
HOANone
1 / 37
Show every detail
Statusfor_sale
Listed date2026-08-11
Removed date—
MLSMiamiMLS #A12068774
Coordinates25.80427, -80.21641
Address1243 NW 29th Ter
CityMiami
StateFL
Zip33142
Listing ID5951733506
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 | $775,000 |
| Down payment (20.0%) | $155,000 |
| Loan amount | $620,000 |
| Closing costs (5.0%) | $38,750 |
| Total cash to close | $193,750 |
| Income | |
| Rent (estimate) | $4,498$53,975 |
| Vacancy loss (8.0%) | |
| Effective gross income | $4,138$49,657 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,227$14,725 |
| Insurance (placeholder 0.8% of price) | $517$6,200 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $225$2,699 |
| Total operating expenses | $1,969$23,624 |
| 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) | $225$2,699 |
| 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.
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.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 1247 NW 28th St | multi_family | 6 | 4 | 2,316 | $591,000 | 2026-07-31 |
| 2512 NW 13th Ave | multi_family | 6 | 2 | 1,764 | $580,000 | 2026-04-21 |
| 2180 NW 59th St | multi_family | 6 | 2 | 1,988 | $555,000 | 2026-01-26 |
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 |
|---|---|---|---|---|---|---|
| 2180 NW 30th St | multi_family | 6 | 5 | 2,652 | $600,000 | — |
| 5859 NW 13th Ave | multi_family | 6 | 4 | 2,300 | $750,000 | — |
| 1864 NW 28th St | multi_family | 6 | 4 | 3,200 | $1,375,000 | — |
| 4491 NW 23rd Ave | multi_family | 6 | 4 | 2,184 | $755,000 | — |
| 2323 NW 55th Ter | multi_family | 6 | 6 | 2,400 | $795,000 | — |
| 1895 NW 47th Ter | multi_family | 6 | 4 | 2,300 | $795,000 | — |
| 3376 NW 49th St | multi_family | 6 | 3 | 1,926 | $650,000 | — |
| 1810 NW 46th St | multi_family | 6 | 6 | 4,664 | $1,550,000 | — |
10-year hold projection
IRR1.7%
Equity multiple1.28x
Total return (10yr)$155,078
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $798,250 | $26,033 | -$24,477 | $613,278 | $184,972 |
| 2 | $822,198 | $26,932 | -$23,645 | $606,094 | $216,104 |
| 3 | $846,863 | $27,861 | -$22,785 | $598,417 | $248,447 |
| 4 | $872,269 | $28,821 | -$21,896 | $590,212 | $282,057 |
| 5 | $898,437 | $29,813 | -$20,977 | $581,445 | $316,993 |
| 6 | $925,391 | $30,838 | -$20,027 | $572,075 | $353,316 |
| 7 | $953,152 | $31,897 | -$19,044 | $562,062 | $391,091 |
| 8 | $981,747 | $32,991 | -$18,029 | $551,361 | $430,386 |
| 9 | $1,011,199 | $34,121 | -$16,979 | $539,925 | $471,274 |
| 10 | $1,041,535 | $35,288 | -$15,894 | $527,704 | $513,831 |
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.