1000 Quayside Ter Apt 901
Miami, FL 33138 · condos · For Sale · 111 days on market
Asking price$729,000
3 beds 3 baths 1,913 sqft
Suggested offer$681,698$47,302 above the est. market value of $681,698.
View on Realtor.com →Listed by Julian Calderin · One Sotheby's International Realty
Typecondos
Built1981
Price / sqft$381
Est. value (own analysis)$681,698
Rent estimate (own analysis)$4,275/mo
HOA$2,168/mo
Wind10/10Extreme$Heat10/10ExtremeFlood8/10severe$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-05-14
Removed date—
MLSMiamiMLS #A12019208
Coordinates25.87377, -80.16835
Address1000 Quayside Ter Apt 901
CityMiami
StateFL
Zip33138
Listing ID6429976822
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 | $729,000 |
| Down payment (20.0%) | $145,800 |
| Loan amount | $583,200 |
| Closing costs (5.0%) | $36,450 |
| Total cash to close | $182,250 |
| Income | |
| Rent (comp-derived) | $4,275$51,300 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,933$47,196 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,154$13,851 |
| Insurance (est. scaled by flood & wind risk) | $948$11,372 |
| HOA dues | $2,168$26,016 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $214$2,565 |
| Total operating expenses | $4,484$53,804 |
| 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) | $214$2,565 |
| 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 |
|---|---|---|---|---|---|---|---|
| condos | 3 | 2 | 1,549 | $3,600 | 2026-08-19 | — | |
| condos | 3 | 2 | 1,469 | $4,450 | 2026-03-15 | — | |
| apartment | 3 | 2 | 2,180 | $4,100 | — | — | |
| apartment | 3 | 3 | 2,011 | $5,468 | — | — |
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 |
|---|---|---|---|---|---|---|
| 9011 NE 4th Avenue Rd Unit 9011 | condos | 3 | 3 | 952 | $360,000 | 2026-07-31 |
| 720 NE 62nd St Apt 313 | condos | 3 | 3 | 1,691 | $1,300,000 | 2026-02-16 |
| 2000 Towerside Ter Apt 702 | condos | 3 | 3 | 1,913 | $640,000 | 2026-01-05 |
| 8711 NE 4th Avenue Rd Unit 8711 | condos | 3 | 3 | 952 | $310,000 | 2025-09-25 |
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 |
|---|---|---|---|---|---|---|
| 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 | — |
| 7004 NE 5th Ave | townhomes | 3 | 3 | 3,772 | $1,200,000 | — |
10-year hold projection
IRR-9.6%
Equity multiple-0.63x
Total return (10yr)-$202,682
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $750,870 | -$6,608 | -$54,147 | $576,877 | $173,993 |
| 2 | $773,396 | -$6,538 | -$54,140 | $570,119 | $203,277 |
| 3 | $796,598 | -$6,458 | -$54,126 | $562,898 | $233,700 |
| 4 | $820,496 | -$6,369 | -$54,105 | $555,181 | $265,315 |
| 5 | $845,111 | -$6,270 | -$54,075 | $546,933 | $298,177 |
| 6 | $870,464 | -$6,162 | -$54,037 | $538,120 | $332,344 |
| 7 | $896,578 | -$6,042 | -$53,990 | $528,701 | $367,877 |
| 8 | $923,475 | -$5,911 | -$53,934 | $518,635 | $404,840 |
| 9 | $951,180 | -$5,769 | -$53,868 | $507,878 | $443,302 |
| 10 | $979,715 | -$5,614 | -$53,791 | $496,382 | $483,333 |
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.