Miami, FL 33126 · townhomes · For Sale · 14 days on market
Asking price$370,000
2 beds 3 baths 1,250 sqft
View on Realtor.com →
Listed by JORGE ARAUJO · Beachfront Realty Inc
Typetownhomes
Built1996
Price / sqft$296
Est. value (own analysis)$423,902
Rent estimate (own analysis)$2,600/mo
HOA$259/mo
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Neighborhood

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Statusfor_sale
Listed date2026-08-17
Removed date
MLSMiamiMLS #A12072038
Coordinates25.77998, -80.32990
Address
CityMiami
StateFL
Zip33126
Listing ID6581523378
Sourceus-real-estate-listings, cached 2026-08-28

ZIP market snapshot (33126)

Typical home value (ZHVI)$303,717
Typical rent (ZORI)$2,370/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)

Purchase price$370,000
Down payment (20.0%)$74,000
Loan amount$296,000
Closing costs (5.0%)$18,500
Total cash to close$92,500
Rent (comp-derived)$2,600$31,200
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$31,200
Vacancy rate (assumption) assumption8.0%

$31,200 × 8.0% = $2,496

Effective gross income$2,392$28,704
Property tax (placeholder 1.9% of price)$586$7,030
Insurance (placeholder 0.8% of price)$247$2,960
HOA dues$259$3,108
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$130$1,560
Total operating expenses$1,222$14,658
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$28,704
Total operating expenses derived$14,658

$28,704 − $14,658 = $14,046

Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing)

Monthly Principal & Interest

Standard amortization on the loan amount, at the effective rate and term

Loan amount derived$296,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$296,000 amortized at 6.7% over 30 years = $1,902/mo

CapEx reserve (5.0% of GSR)$130$1,560
Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%)$0$0
Cash flow

Monthly Cash Flow

(NOI − Annual Debt Service − Annual CapEx Reserve − Annual PMI) ÷ 12

NOI derived$14,046
Annual debt service derived$22,826
Annual CapEx reserve assumption$1,560
Annual PMI assumption$0

($14,046 − $22,826 − $1,560 − $0) ÷ 12 = -$862

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$14,046
Purchase price data$370,000

$14,046 ÷ $370,000 = 3.8%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$10,340
Total cash to close derived$92,500

-$10,340 ÷ $92,500 = -11.2%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$14,046
Annual debt service derived$22,826

$14,046 ÷ $22,826 = 0.62

Rent-to-price (1% rule)

Rent-to-Price (the "1% rule")

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$31,200
Purchase price data$370,000

($31,200 ÷ 12) ÷ $370,000 = 0.7%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$370,000
Gross scheduled rent (annual) comp$31,200

$370,000 ÷ $31,200 = 11.9

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$14,658
Effective gross income derived$28,704

$14,658 ÷ $28,704 = 51.1%

Break-even occupancy

Break-Even Occupancy

(Total OpEx + Annual Debt Service + Annual PMI) ÷ Gross Scheduled Rent

Total operating expenses derived$14,658
Annual debt service derived$22,826
Annual PMI assumption$0
Gross scheduled rent (annual) comp$31,200

($14,658 + $22,826 + $0) ÷ $31,200 = 120.1%

Comparables

Same ZIP. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
townhomes23979$2,8992026-08-14
townhomes22914$2,6002026-08-14
townhomes22845$2,6502026-08-07
townhomes23979$2,5502026-08-07
townhomes22914$2,4002026-07-16
townhomes231,250$2,8502026-07-10
townhomes231,020$2,6002026-07-04
townhomes23954$2,6502026-06-30
townhomes231,000$2,6002026-06-25
townhomes22859$2,3502026-06-03
townhomes22914$2,7002026-05-18
townhomes22914$2,3002026-05-10
townhomes23965$2,5002026-08-29
townhomes23970$2,5002026-08-29

8575 NW 5th Ter Unit 1509

Miami, 33126 · rent comp

Bedrooms / bathrooms2 bd / 3 ba
Square footage979
Listed2026-08-14
Days on market

Asking rent: $2,899

View on Zillow →

550 NW 82nd Ct Apt 383

Miami, 33126 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage914
Listed2026-08-14
Days on market

Asking rent: $2,600

View on Zillow →

670 NW 85th Pl Unit 11-104

Miami, 33126 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage845
Listed2026-08-07
Days on market

Asking rent: $2,650

View on Zillow →

Miami, 33126 · rent comp

Bedrooms / bathrooms2 bd / 3 ba
Square footage979
Listed2026-08-07
Days on market

Asking rent: $2,550

View on Zillow →

8253 NW 5th Ter Apt 350

Miami, 33126 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage914
Listed2026-07-16
Days on market

Asking rent: $2,400

View on Zillow →

8260 NW 10th St Apt 6

Miami, 33126 · rent comp

Bedrooms / bathrooms2 bd / 3 ba
Square footage1,250
Listed2026-07-10
Days on market

Asking rent: $2,850

View on Zillow →

8075 NW 8th St Apt 6

Miami, 33126 · rent comp

Bedrooms / bathrooms2 bd / 3 ba
Square footage1,020
Listed2026-07-04
Days on market

Asking rent: $2,600

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8252 NW 6th Ter Apt 235

Miami, 33126 · rent comp

Bedrooms / bathrooms2 bd / 3 ba
Square footage954
Listed2026-06-30
Days on market

Asking rent: $2,650

View on Zillow →

8248 NW 6th Ter Apt 222

Miami, 33126 · rent comp

Bedrooms / bathrooms2 bd / 3 ba
Square footage1,000
Listed2026-06-25
Days on market

Asking rent: $2,600

View on Zillow →

675 NW 85th Ct Unit 8-207

Miami, 33126 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage859
Listed2026-06-03
Days on market

Asking rent: $2,350

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8265 NW 6th Ter Apt 251

Miami, 33126 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage914
Listed2026-05-18
Days on market

Asking rent: $2,700

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680 NW 82nd Pl Apt 264

Miami, 33126 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage914
Listed2026-05-10
Days on market

Asking rent: $2,300

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8172 NW 10th St Apt 5

Miami, 33126 · rent comp

Bedrooms / bathrooms2 bd / 3 ba
Square footage965
Listed2026-08-29
Days on market

Asking rent: $2,500

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7980 NW 10th St Unit 38I

Miami, 33126 · rent comp

Bedrooms / bathrooms2 bd / 3 ba
Square footage970
Listed2026-08-29
Days on market

Asking rent: $2,500

View on Zillow →

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
8300 NW 10th Sttownhomes231,250$325,0002026-06-29
8389 NW 8th Sttownhomes23952$375,0002026-06-16
8670 NW 6th Ln Unit 4-109townhomes22845$320,0002026-06-05
8550 NW 3rd Ln Unit 304townhomes23979$332,0002026-03-31
8262 NW 5th Ln Apt 392townhomes22914$320,0002026-02-27
8430 NW 8th St Apt A11townhomes23970$280,0002026-01-28
8360 NW 8th St Unit 11-2townhomes231,150$270,0002025-12-22

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.

AddressTypeBedsBathsSqftAsking priceDays on market
650 NW 86th Pl Unit 3-101condos22845$315,000
5033 NW 7th St Apt 209condos22876$230,000
8411 NW 8th St Apt 105condos221,099$295,000
8145 NW 7th St Apt 404condos22870$274,999
4855 NW 7th St Unit 410-6condos22782$229,000
5091 NW 7th St Apt 615condos22984$370,000
8575 NW 5th Ter Unit 1509townhomes23979$475,000
8411 NW 8th St Apt 102condos221,099$284,999

10-year hold projection

IRR2.8%
Equity multiple1.45x
Total return (10yr)$90,415
YearProperty valueNOICash flowLoan balanceEquity
1$381,100$14,046-$10,340$292,791$88,309
2$392,533$14,541-$9,884$289,361$103,172
3$404,309$15,052-$9,413$285,696$118,613
4$416,438$15,581-$8,926$281,779$134,660
5$428,931$16,127-$8,421$277,593$151,339
6$441,799$16,692-$7,900$273,119$168,680
7$455,053$17,275-$7,360$268,339$186,715
8$468,705$17,879-$6,802$263,230$205,475
9$482,766$18,502-$6,225$257,770$224,996
10$497,249$19,146-$5,628$251,936$245,314
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.
All figures are estimates for evaluation purposes only, not investment, tax, legal, or insurance advice. Property tax is estimated from a real matched tax bill or millage rate when available, a placeholder % of price otherwise; insurance is always a placeholder, not a real quote — verify both, along with association restrictions and permit status, before committing capital. Rent estimates come from real comps or Zillow's ZIP index, not appraisals.