955 79th Ter
Miami Beach, FL 33141 · multi_family · For Sale · 43 days on market
Asking price$1,500,000
6 beds 4 baths 2,728 sqft
Suggested offer$981,207$518,793 above the est. market value of $981,207.
View on Realtor.com →Listed by Rosario Cornman · LPT REALTY LLC
Typemulti_family
Built1997
Price / sqft$550
Est. value (own analysis)$981,207
Rent estimate (building total, own analysis)$8,597/mo
HOANone
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Statusfor_sale
Listed date2026-07-21
Removed date—
MLSStellarMLS #OM728829
Coordinates25.86542, -80.12772
Address955 79th Ter
CityMiami Beach
StateFL
Zip33141
Listing ID6089328812
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33141)
Typical home value (ZHVI)$429,204
Typical rent (ZORI)$2,504/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 | $1,500,000 |
| Down payment (20.0%) | $300,000 |
| Loan amount | $1,200,000 |
| Closing costs (5.0%) | $75,000 |
| Total cash to close | $375,000 |
| Income | |
| Rent (estimate) | $8,597$103,160 |
| Vacancy loss (8.0%) | |
| Effective gross income | $7,909$94,907 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,375$28,500 |
| Insurance (placeholder 0.8% of price) | $1,000$12,000 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $430$5,158 |
| Total operating expenses | $3,805$45,658 |
| 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) | $430$5,158 |
| 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 |
|---|---|---|---|---|---|---|
| 630 79th St | multi_family | 6 | 4 | 4,306 | $1,200,000 | 2026-07-17 |
| 800 83rd St Apt 1 | multi_family | 6 | 6 | 3,428 | $1,300,000 | 2026-07-15 |
| 7885 Crespi Blvd | multi_family | 6 | 4 | 2,700 | $2,400,000 | 2026-07-14 |
| 8025 Crespi Blvd | multi_family | 6 | 6 | 4,704 | $1,600,000 | 2026-05-12 |
| 1657 N Treasure Dr Apt 4 | multi_family | 6 | 6 | 4,526 | $500,000 | 2026-04-08 |
| 7411 Carlyle Ave Apt 4 | multi_family | 6 | 6 | 2,961 | $1,499,000 | 2025-11-05 |
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 |
|---|---|---|---|---|---|---|
| 1170 71st St | multi_family | 6 | 5 | 3,759 | $1,299,000 | — |
| 7845 Atlantic Way | single_family | 6 | 9 | 6,350 | $40,000,000 | — |
| 570 S Shore Dr | single_family | 6 | 8 | 5,043 | $9,335,000 | — |
| 7811 Carlyle Ave | single_family | 6 | 6 | 3,405 | $2,590,000 | — |
| 470 S Shore Dr | single_family | 6 | 7 | 4,922 | $8,800,000 | — |
| 2120 Biarritz Dr | multi_family | 6 | 5 | 3,492 | $1,700,000 | — |
| 1460 S Treasure Dr | single_family | 6 | 7 | 6,816 | $10,999,999 | — |
| 7610 Dickens Ave | multi_family | 6 | 4 | 3,655 | $1,600,000 | — |
10-year hold projection
IRR1.5%
Equity multiple1.24x
Total return (10yr)$287,819
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,545,000 | $49,249 | -$48,447 | $1,186,989 | $358,011 |
| 2 | $1,591,350 | $50,955 | -$46,870 | $1,173,085 | $418,265 |
| 3 | $1,639,091 | $52,717 | -$45,240 | $1,158,226 | $480,864 |
| 4 | $1,688,263 | $54,539 | -$43,554 | $1,142,347 | $545,916 |
| 5 | $1,738,911 | $56,421 | -$41,811 | $1,125,377 | $613,534 |
| 6 | $1,791,078 | $58,365 | -$40,009 | $1,107,242 | $683,836 |
| 7 | $1,844,811 | $60,375 | -$38,145 | $1,087,862 | $756,949 |
| 8 | $1,900,155 | $62,451 | -$36,219 | $1,067,151 | $833,004 |
| 9 | $1,957,160 | $64,595 | -$34,227 | $1,045,017 | $912,143 |
| 10 | $2,015,875 | $66,811 | -$32,168 | $1,021,364 | $994,511 |
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.