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610 NE 164th Ter

Miami, FL 33162 · single_family · For Sale · 62 days on market
Asking price$848,999
5 beds 3 baths 2,201 sqft
View on Realtor.com →
Listed by Helen Orukotan · Element Real Estate Group
Typesingle_family
Built1956
Price / sqft$386
Est. value (own analysis)$1,054,719
Rent estimate (own analysis)$6,500/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood3/10moderate$Air2/10MinorWildfire1/10Minimal
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Neighborhood

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Statusfor_sale
Listed date2026-07-02
Removed date—
MLSMiamiMLS #A12047075
Coordinates25.92607, -80.18769
Address610 NE 164th Ter
CityMiami
StateFL
Zip33162
Listing ID6020857274
Sourceus-real-estate-listings, cached 2026-09-01

ZIP market snapshot (33162)

Typical home value (ZHVI)$472,330
Typical rent (ZORI)$2,262/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$848,999
Down payment (20.0%)$169,800
Loan amount$679,199
Closing costs (5.0%)$42,450
Total cash to close$212,250
Income
Rent (comp-derived)$6,500$78,000
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$78,000
Vacancy rate (assumption) assumption8.0%

$78,000 × 8.0% = $6,240

Effective gross income$5,980$71,760
Operating expenses
Property tax (placeholder 1.9% of price)$1,344$16,131
Insurance (est. scaled by flood & wind risk)$906$10,867
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$325$3,900
Total operating expenses$2,575$30,898
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$71,760
Total operating expenses derived$30,898

$71,760 − $30,898 = $40,862

Debt service & reserves
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$679,199
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$679,199 amortized at 6.7% over 30 years = $4,365/mo

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

Monthly Cash Flow

(NOI − Annual Debt Service − Annual CapEx Reserve − Annual PMI) ÷ 12

NOI derived$40,862
Annual debt service derived$52,377
Annual CapEx reserve assumption$3,900
Annual PMI assumption$0

($40,862 − $52,377 − $3,900 − $0) ÷ 12 = -$1,285

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$40,862
Purchase price data$848,999

$40,862 ÷ $848,999 = 4.8%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$15,415
Total cash to close derived$212,250

-$15,415 ÷ $212,250 = -7.3%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$40,862
Annual debt service derived$52,377

$40,862 ÷ $52,377 = 0.78

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$78,000
Purchase price data$848,999

($78,000 ÷ 12) ÷ $848,999 = 0.8%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$848,999
Gross scheduled rent (annual) comp$78,000

$848,999 ÷ $78,000 = 10.9

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$30,898
Effective gross income derived$71,760

$30,898 ÷ $71,760 = 43.1%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$30,898
Annual debt service derived$52,377
Annual PMI assumption$0
Gross scheduled rent (annual) comp$78,000

($30,898 + $52,377 + $0) ÷ $78,000 = 106.8%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family532,495$6,5002026-07-02—
single_family532,619$7,5002026-08-01—
single_family532,128$5,1992026-06-07—

945 NE 176th St

Miami, 33162 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage2,495
Listed2026-07-02
Days on market—

Asking rent: $6,500

View on Zillow →

1731 NE 171st St Unit 0

North Miami Beach, 33162 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage2,619
Listed2026-08-01
Days on market—

Asking rent: $7,500

View on Zillow →

2199 NE 182nd St Units 1 & 2

North Miami Beach, 33162 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage2,128
Listed2026-06-07
Days on market—

Asking rent: $5,199

View on Zillow →

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
931 NE 173rd Stsingle_family522,868$1,725,0002026-06-30
800 NE 154th Stsingle_family532,313$500,0002026-06-02
11 NE 151st Stsingle_family542,337$930,0002026-04-13
1325 NE 171st Stsingle_family532,944$1,650,0002026-01-21

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
16550 NE 4th Avesingle_family531,478$450,000—
55 NE 165th Stmulti_family522,124$725,000—
15230 NE 2nd Avesingle_family531,688$1,650,000—
110 NE 152nd Stsingle_family532,926$899,000—
426 NE 166th St Unit 2single_family531,895$550,000—
16910 NE 8th Ctsingle_family532,236$895,000—
16031 NE 19th Plsingle_family552,982$825,000—

10-year hold projection

IRR5.7%
Equity multiple1.90x
Total return (10yr)$302,118
YearProperty valueNOICash flowLoan balanceEquity
1$874,469$40,862-$15,415$671,835$202,634
2$900,703$42,242-$14,132$663,965$236,738
3$927,724$43,668-$12,806$655,555$272,169
4$955,556$45,140-$11,436$646,568$308,988
5$984,223$46,661-$10,021$636,963$347,260
6$1,013,749$48,231-$8,558$626,698$387,051
7$1,044,162$49,853-$7,047$615,729$428,433
8$1,075,487$51,528-$5,485$604,006$471,480
9$1,107,751$53,257-$3,871$591,478$516,273
10$1,140,984$55,043-$2,204$578,090$562,893
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.