7851 NW 166th Ter
Miami Lakes, FL 33016 · single_family · For Sale · 195 days on market
Asking price$1,895,000
6 beds 5 baths 4,256 sqft
Suggested offer$1,350,914$544,086 above the est. market value of $1,350,914.
View on Realtor.com →Listed by Arturo Rodriguez · Coldwell Banker Realty
Typesingle_family
Built2006
Price / sqft$445
Est. value (own analysis)$1,350,914
Rent estimate (Zillow ZIP avg)$2,365/mo
HOANone
1 / 68
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Statusfor_sale
Listed date2026-02-19
Removed date—
MLSMiamiMLS #A11968163
Coordinates25.92488, -80.32841
Address7851 NW 166th Ter
CityMiami Lakes
StateFL
Zip33016
Listing ID6325569025
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33016)
Typical home value (ZHVI)$295,375
Typical rent (ZORI)$2,365/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 | $1,895,000 |
| Down payment (20.0%) | $379,000 |
| Loan amount | $1,516,000 |
| Closing costs (5.0%) | $94,750 |
| Total cash to close | $473,750 |
| Income | |
| Rent (ZIP avg, ZORI — not bedroom-specific) | $2,365$28,375 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,175$26,105 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $3,000$36,005 |
| Insurance (placeholder 0.8% of price) | $1,263$15,160 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $118$1,419 |
| Total operating expenses | $4,382$52,584 |
| 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) | $118$1,419 |
| 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 |
|---|---|---|---|---|---|---|---|
| single_family | 6 | 4 | 4,176 | $10,000 | 2026-03-18 | — | |
| single_family | 6 | 6 | — | $12,000 | 2026-08-31 | — |
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 |
|---|---|---|---|---|---|---|
| 7830 NW 161st Ter | single_family | 6 | 4 | 3,434 | $1,090,000 | 2026-04-23 |
| 7970 NW 156th Ter | single_family | 6 | 6 | 3,119 | $1,300,000 | 2026-01-09 |
| 8360 NW 159th Ter | single_family | 6 | 5 | 4,647 | $1,340,000 | 2025-12-04 |
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 |
|---|---|---|---|---|---|---|
| 8052 NW 161st Ter | single_family | 6 | 5 | 3,232 | $1,599,000 | — |
| 8540 NW 160th Ter | single_family | 6 | 6 | — | $3,500,000 | — |
10-year hold projection
IRR-10.5%
Equity multiple-0.78x
Total return (10yr)-$597,413
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,951,850 | -$26,479 | -$144,804 | $1,499,563 | $452,287 |
| 2 | $2,010,406 | -$27,010 | -$145,371 | $1,481,998 | $528,408 |
| 3 | $2,070,718 | -$27,551 | -$145,948 | $1,463,226 | $607,492 |
| 4 | $2,132,839 | -$28,101 | -$146,536 | $1,443,165 | $689,674 |
| 5 | $2,196,824 | -$28,661 | -$147,134 | $1,421,727 | $775,098 |
| 6 | $2,262,729 | -$29,231 | -$147,743 | $1,398,816 | $863,913 |
| 7 | $2,330,611 | -$29,810 | -$148,362 | $1,374,332 | $956,279 |
| 8 | $2,400,529 | -$30,400 | -$148,993 | $1,348,167 | $1,052,362 |
| 9 | $2,472,545 | -$30,999 | -$149,634 | $1,320,205 | $1,152,340 |
| 10 | $2,546,722 | -$31,609 | -$150,287 | $1,290,323 | $1,256,399 |
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.