1524 NE Quayside Ter Unit A4
Miami, FL 33138 · townhomes · For Sale · 153 days on market
Asking price$1,495,000
3 beds 4 baths 3,504 sqft
Suggested offer$971,224$523,776 above the est. market value of $971,224.
View on Realtor.com →Listed by Julian Calderin · One Sotheby's International Realty
Typetownhomes
Built1975
Price / sqft$427
Est. value (Zillow, adjusted)$971,224
Rent estimate (own analysis)$6,050/mo
HOA$824/mo
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Statusfor_sale
Listed date2026-04-02
Removed date—
MLSMiamiMLS #A11993887
Coordinates25.87398, -80.16652
Address1524 NE Quayside Ter Unit A4
CityMiami
StateFL
Zip33138
Listing ID6396910282
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 | $1,495,000 |
| Down payment (20.0%) | $299,000 |
| Loan amount | $1,196,000 |
| Closing costs (5.0%) | $74,750 |
| Total cash to close | $373,750 |
| Income | |
| Rent (comp-derived) | $6,050$72,600 |
| Vacancy loss (8.0%) | |
| Effective gross income | $5,566$66,792 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,367$28,405 |
| Insurance (placeholder 0.8% of price) | $997$11,960 |
| HOA dues | $824$9,888 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $303$3,630 |
| Total operating expenses | $4,490$53,883 |
| 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) | $303$3,630 |
| 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 |
|---|---|---|---|---|---|---|---|
| townhomes | 3 | 3 | 2,622 | $6,050 | 2026-07-01 | — | |
| townhomes | 3 | 3 | 952 | $3,400 | 2026-08-10 | — | |
| townhomes | 3 | 3 | 952 | $2,600 | 2026-08-12 | — | |
| townhomes | 3 | 4 | 2,200 | $20,000 | 2026-08-28 | — | |
| townhomes | 3 | 3 | 2,200 | $18,000 | 2026-09-01 | — |
Widened to any bedroom count in ZIP. 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 |
|---|---|---|---|---|---|---|
| 5021 NE London Walk Ter Unit 50 | townhomes | 3 | 3 | 3,500 | $2,300,000 | 2026-08-05 |
| 1503 NE 105th St Unit 1-10 | townhomes | 2 | 3 | 1,507 | $415,000 | 2026-05-15 |
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 |
|---|---|---|---|---|---|---|
| 1000 Quayside Ter Apt 901 | condos | 3 | 3 | 1,913 | $729,000 | — |
| 725 NE 81st St | single_family | 3 | 2 | 1,732 | $1,400,000 | — |
| 742 NE 82nd Ter | single_family | 3 | 3 | 1,432 | $1,300,000 | — |
| 1000 Quayside Ter Apt 1901 | condos | 3 | 3 | 1,913 | $649,000 | — |
| 8920 NE 9th Ct | single_family | 3 | 3 | 2,016 | $1,555,000 | — |
| 711 NE 72nd Ter | single_family | 3 | 2 | 1,514 | $1,549,000 | — |
| 830 NE 83rd St | single_family | 3 | 2 | 1,494 | $975,000 | — |
| 510 NE 72nd St | single_family | 3 | 2 | 1,725 | $895,000 | — |
10-year hold projection
IRR-4.9%
Equity multiple0.19x
Total return (10yr)-$108,746
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,539,850 | $12,909 | -$82,951 | $1,183,033 | $356,817 |
| 2 | $1,586,046 | $13,566 | -$82,385 | $1,169,175 | $416,871 |
| 3 | $1,633,627 | $14,249 | -$81,795 | $1,154,365 | $479,261 |
| 4 | $1,682,636 | $14,959 | -$81,180 | $1,138,539 | $544,097 |
| 5 | $1,733,115 | $15,698 | -$80,538 | $1,121,626 | $611,489 |
| 6 | $1,785,108 | $16,467 | -$79,870 | $1,103,551 | $681,557 |
| 7 | $1,838,661 | $17,265 | -$79,174 | $1,084,235 | $754,426 |
| 8 | $1,893,821 | $18,096 | -$78,449 | $1,063,593 | $830,228 |
| 9 | $1,950,636 | $18,959 | -$77,694 | $1,041,533 | $909,103 |
| 10 | $2,009,155 | $19,856 | -$76,907 | $1,017,958 | $991,197 |
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.