2000 Towerside Ter Apt TS8
Miami, FL 33138 · condos · For Sale · 68 days on market
Asking price$342,000
1 beds 2 baths 1,200 sqft
Listed by Natalie Abadi · Riviera Real Estate Corp.
Typecondos
Built1981
Price / sqft$285
Est. value (own analysis)$347,316
Rent estimate (own analysis)$2,502/mo
HOA$1,439/mo
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Statusfor_sale
Listed date2026-06-26
Removed date—
MLSMiamiMLS #A12042395
Coordinates25.87285, -80.16969
Address2000 Towerside Ter Apt TS8
CityMiami
StateFL
Zip33138
Listing ID6316301666
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 | $342,000 |
| Down payment (20.0%) | $68,400 |
| Loan amount | $273,600 |
| Closing costs (5.0%) | $17,100 |
| Total cash to close | $85,500 |
| 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) | $542$6,498 |
| Insurance (placeholder 0.8% of price) | $228$2,736 |
| HOA dues | $1,439$17,268 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $125$1,501 |
| Total operating expenses | $2,334$28,003 |
| 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-7.7%
Equity multiple-0.30x
Total return (10yr)-$66,531
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $352,260 | -$381 | -$22,981 | $270,634 | $81,626 |
| 2 | $362,828 | -$253 | -$22,890 | $267,463 | $95,364 |
| 3 | $373,713 | -$117 | -$22,793 | $264,075 | $109,637 |
| 4 | $384,924 | $27 | -$22,688 | $260,455 | $124,469 |
| 5 | $396,472 | $179 | -$22,577 | $256,586 | $139,886 |
| 6 | $408,366 | $339 | -$22,459 | $252,451 | $155,915 |
| 7 | $420,617 | $507 | -$22,333 | $248,032 | $172,585 |
| 8 | $433,235 | $685 | -$22,199 | $243,310 | $189,925 |
| 9 | $446,232 | $872 | -$22,056 | $238,263 | $207,969 |
| 10 | $459,619 | $1,068 | -$21,905 | $232,870 | $226,749 |
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.