1566 NE Quayside Ter Unit D14
Miami, FL 33138 · townhomes · For Sale · 161 days on market
Asking price$1,449,000
4 beds 5 baths 3,711 sqft
Suggested offer$1,028,600$420,400 above the est. market value of $1,028,600.
View on Realtor.com →Listed by Julian Calderin · One Sotheby's International Realty
Typetownhomes
Built1975
Price / sqft$390
Est. value (Zillow, adjusted)$1,028,600
Rent estimate (own analysis)$9,750/mo
HOA$2,398/mo
Wind10/10Extreme$Heat10/10ExtremeFlood8/10severe$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-03-25
Removed date—
MLSMiamiMLS #A11989085
Coordinates25.87398, -80.16652
Address1566 NE Quayside Ter Unit D14
CityMiami
StateFL
Zip33138
Listing ID6502658369
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 | $1,449,000 |
| Down payment (20.0%) | $289,800 |
| Loan amount | $1,159,200 |
| Closing costs (5.0%) | $72,450 |
| Total cash to close | $362,250 |
| Income | |
| Rent (comp-derived) | $9,750$116,994 |
| Vacancy loss (8.0%) | |
| Effective gross income | $8,970$107,634 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,294$27,531 |
| Insurance (est. scaled by flood & wind risk) | $1,884$22,604 |
| HOA dues | $2,398$28,776 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $487$5,850 |
| Total operating expenses | $7,063$84,761 |
| 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) | $487$5,850 |
| 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
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| townhomes | 4 | 5 | 2,988 | $10,500 | 2026-07-27 | — | |
| townhomes | 4 | 5 | 2,750 | $8,999 | 2026-07-13 | — | |
| townhomes | 4 | 3 | 3,696 | $12,000 | 2026-06-05 | — | |
| townhomes | 4 | 3 | 3,024 | $3,750 | 2026-04-09 | — |
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 |
|---|---|---|---|---|---|---|
| 1085 NE 84th St | single_family | 4 | 3 | 1,925 | $1,299,000 | — |
| 670 NE 87th St | multi_family | 4 | 2 | 1,584 | $850,000 | — |
| 685 NE 81st St | single_family | 4 | 3 | 3,129 | $2,850,000 | — |
| 533-535 NE 67th St | multi_family | 4 | 4 | 1,000 | $1,059,000 | — |
| 776 NE 74th St | single_family | 4 | 4 | 1,834 | $1,950,000 | — |
| 420 NE 62nd St Unit B | condos | 4 | 5 | 2,786 | $1,850,000 | — |
| 420 NE 62nd St Unit A | townhomes | 4 | 5 | 2,786 | $1,850,000 | — |
| 910 NE 81st St | single_family | 4 | 3 | 1,808 | $1,480,000 | — |
10-year hold projection
IRR-3.2%
Equity multiple0.47x
Total return (10yr)-$4,261
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,492,470 | $22,873 | -$72,368 | $1,146,632 | $345,838 |
| 2 | $1,537,244 | $23,983 | -$71,405 | $1,133,200 | $404,044 |
| 3 | $1,583,361 | $25,137 | -$70,401 | $1,118,847 | $464,515 |
| 4 | $1,630,862 | $26,337 | -$69,355 | $1,103,507 | $527,355 |
| 5 | $1,679,788 | $27,583 | -$68,266 | $1,087,114 | $592,674 |
| 6 | $1,730,182 | $28,878 | -$67,132 | $1,069,596 | $660,586 |
| 7 | $1,782,087 | $30,224 | -$65,952 | $1,050,875 | $731,213 |
| 8 | $1,835,550 | $31,623 | -$64,723 | $1,030,867 | $804,682 |
| 9 | $1,890,616 | $33,075 | -$63,444 | $1,009,486 | $881,130 |
| 10 | $1,947,335 | $34,584 | -$62,114 | $986,637 | $960,698 |
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.