2000 Towerside Ter Apt 1408
Miami, FL 33138 · condos · For Sale · 185 days on market
Asking price$337,000
1 beds 2 baths 1,200 sqft
Listed by Cyrus A. PA · Macken Realty, Inc.
Typecondos
Built1981
Price / sqft$281
Est. value (own analysis)$347,316
Rent estimate (own analysis)$2,502/mo
HOA$1,437/mo
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Statusfor_sale
Listed date2026-03-02
Removed date—
MLSMiamiMLS #A11970866
Coordinates25.87285, -80.16969
Address2000 Towerside Ter Apt 1408
CityMiami
StateFL
Zip33138
Listing ID6302364204
Sourceus-real-estate-listings, cached 2026-08-30
ZIP market snapshot (33138)
Typical home value (ZHVI)$806,988
Typical rent (ZORI)$2,367/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 | $337,000 |
| Down payment (20.0%) | $67,400 |
| Loan amount | $269,600 |
| Closing costs (5.0%) | $16,850 |
| Total cash to close | $84,250 |
| Income | |
| Rent (comp-derived) | $2,502$30,024 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,302$27,622 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $534$6,403 |
| Insurance (placeholder 0.8% of price) | $225$2,696 |
| HOA dues | $1,437$17,244 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $125$1,501 |
| Total operating expenses | $2,320$27,844 |
| 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) | $125$1,501 |
| 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 |
|---|---|---|---|---|---|---|---|
| apartment | 1 | 1 | 1,224 | $1,500 | 2026-08-19 | — | |
| apartment | 1 | 1 | 860 | $2,100 | 2026-08-18 | — | |
| condos | 1 | 2 | 1,042 | $3,200 | 2026-08-11 | — | |
| apartment | 1 | 1 | 1,080 | $1,400 | 2026-08-11 | — | |
| apartment | 1 | 1 | 1,000 | $1,600 | 2026-08-05 | — | |
| apartment | 1 | 1 | 980 | $1,890 | 2026-07-13 | — | |
| condos | 1 | 1 | 831 | $2,750 | 2026-07-01 | — | |
| apartment | 1 | 2 | 1,068 | $2,975 | 2026-06-23 | — | |
| condos | 1 | 2 | 1,200 | $3,900 | 2026-05-22 | — | |
| apartment | 1 | 1 | 831 | $2,600 | 2026-05-20 | — | |
| condos | 1 | 2 | 1,164 | $3,500 | 2026-07-29 | — | |
| apartment | 1 | 1 | 800 | $1,700 | 2026-08-31 | — | |
| apartment | 1 | 1 | 1,248 | $1,750 | 2026-04-16 | — | |
| apartment | 1 | 1 | 900 | $1,800 | — | — | |
| apartment | 1 | 1 | 855 | $2,502 | — | — | |
| apartment | 1 | 1 | 855 | $2,435 | — | — | |
| apartment | 1 | 1 | 785 | $2,748 | — | — | |
| apartment | 1 | 1 | 785 | $3,051 | — | — | |
| apartment | 1 | 1 | 855 | $2,612 | — | — | |
| apartment | 1 | 1 | 785 | $2,593 | — | — | |
| apartment | 1 | 1 | 795 | $2,100 | 2026-07-14 | — | |
| apartment | 1 | 1 | 785 | $2,577 | — | — | |
| apartment | 1 | 1 | 855 | $2,311 | — | — | |
| apartment | 1 | 1 | 785 | $2,447 | — | — | |
| apartment | 1 | 1 | 785 | $2,456 | — | — | |
| apartment | 1 | 1 | 785 | $2,538 | — | — | |
| apartment | 1 | 1 | 855 | $2,410 | — | — | |
| apartment | 1 | 1 | 785 | $3,051 | — | — | |
| condos | 1 | 2 | 1,200 | $3,750 | 2026-09-02 | — |
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 |
|---|---|---|---|---|---|---|
| 1000 Quayside Ter Apt 1608 | condos | 1 | 2 | 1,200 | $250,000 | 2026-08-24 |
| 770 NE 69th St Apt 6D | condos | 1 | 2 | 1,042 | $380,000 | 2026-08-21 |
| 1700 NE 105th St Apt 505 | condos | 1 | 2 | 891 | $230,000 | 2026-08-13 |
| 770 NE 69th St Apt 6G | condos | 1 | 2 | 1,042 | $399,000 | 2026-06-30 |
| 2000 Towerside Ter Apt 608 | condos | 1 | 2 | 1,200 | $200,000 | 2026-06-12 |
| 7801 NE 4th Ct Apt 511 | condos | 1 | 2 | 746 | $160,000 | 2026-06-09 |
| 8950 NE 8th Ave Apt 312 | condos | 1 | 1 | 650 | $170,500 | 2026-05-15 |
| 7801 NE 4th Ct Apt 312 | condos | 1 | 1 | 746 | $130,000 | 2026-04-13 |
| 680 NE 64th St Apt A505 | condos | 1 | 1 | 741 | $265,000 | 2026-03-30 |
| 780 NE 69th St Apt 1706 | condos | 1 | 2 | 828 | $320,000 | 2026-02-27 |
| 780 NE 69th St Unit T1 | condos | 1 | 2 | 1,198 | $400,000 | 2026-02-18 |
| 421 NE 68th St Apt 6 | condos | 1 | 1 | 605 | $160,000 | 2025-12-15 |
| 421 Grand Concourse Apt 1 | condos | 1 | 1 | 827 | $260,000 | 2025-12-12 |
| 700 NE 63rd St Apt D607 | condos | 1 | 1 | 770 | $315,000 | 2025-12-11 |
| 650 NE 64th St Apt G304 | condos | 1 | 1 | 775 | $272,000 | 2025-10-20 |
| 680 NE 64th St Apt A316 | condos | 1 | 1 | 723 | $260,000 | 2025-09-22 |
| 7801 NE 4th Ct Apt 109 | condos | 1 | 2 | 746 | $195,000 | 2025-09-16 |
| 9652573603 | condos | 1 | 2 | 746 | $195,000 | 2025-09-16 |
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 |
|---|---|---|---|---|---|---|
| 777 NE 62nd St Apt C306 | condos | 1 | 1 | 723 | $290,000 | — |
| 780 NE 69th St Apt 506 | condos | 1 | 2 | 828 | $350,000 | — |
| 7516 NE 1st Ave Apt 302 | condos | 1 | 1 | 720 | $199,500 | — |
| 780 NE 69th St Apt 1406 | condos | 1 | 2 | 828 | $389,000 | — |
| 7845 NE Bayshore Ct Unit 12A | condos | 1 | 1 | 649 | $259,000 | — |
| 7845 NE Bayshore Ct Apt 12 | condos | 1 | 1 | 653 | $219,000 | — |
| 1000 Quayside Ter Apt 1807 | condos | 1 | 2 | 1,535 | $215,000 | — |
| 750 NE 64th St Apt B207 | condos | 1 | 1 | 723 | $335,000 | — |
10-year hold projection
IRR-7.6%
Equity multiple-0.28x
Total return (10yr)-$63,981
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $347,110 | -$222 | -$22,514 | $266,677 | $80,433 |
| 2 | $357,523 | -$90 | -$22,419 | $263,553 | $93,970 |
| 3 | $368,249 | $50 | -$22,317 | $260,215 | $108,034 |
| 4 | $379,296 | $198 | -$22,209 | $256,647 | $122,649 |
| 5 | $390,675 | $354 | -$22,093 | $252,835 | $137,840 |
| 6 | $402,396 | $518 | -$21,970 | $248,761 | $153,635 |
| 7 | $414,467 | $691 | -$21,840 | $244,406 | $170,061 |
| 8 | $426,902 | $874 | -$21,701 | $239,753 | $187,148 |
| 9 | $439,709 | $1,065 | -$21,554 | $234,781 | $204,928 |
| 10 | $452,900 | $1,267 | -$21,398 | $229,467 | $223,433 |
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.