8408 NW 8th St Unit 8408
Miami, FL 33126 · townhomes · For Sale · 176 days on market
Asking price$610,000
4 beds 3 baths 1,794 sqft
Suggested offer$565,233$44,767 above the est. market value of $565,233.
View on Realtor.com →Listed by Beatriz Canache Rivero · Montesol Realty, Inc.
Typetownhomes
Built1981
Price / sqft$340
Est. value (own analysis)$565,233
Rent estimate (own analysis)$3,600/mo
HOA$386/mo
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Statusfor_sale
Listed date2026-03-10
Removed date—
MLSMiamiMLS #A11976156
Coordinates25.77745, -80.33248
Address8408 NW 8th St Unit 8408
CityMiami
StateFL
Zip33126
Listing ID6857678044
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)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $610,000 |
| Down payment (20.0%) | $122,000 |
| Loan amount | $488,000 |
| Closing costs (5.0%) | $30,500 |
| Total cash to close | $152,500 |
| Income | |
| Rent (comp-derived) | $3,600$43,200 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,312$39,744 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $966$11,590 |
| Insurance (placeholder 0.8% of price) | $407$4,880 |
| HOA dues | $386$4,632 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $180$2,160 |
| Total operating expenses | $1,939$23,262 |
| 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) | $180$2,160 |
| 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 | 2 | 1,490 | $3,400 | 2026-08-18 | — | |
| townhomes | 4 | 3 | 1,985 | $3,500 | 2026-08-17 | — | |
| townhomes | 4 | 4 | 1,946 | $5,800 | 2026-08-17 | — | |
| townhomes | 4 | 3 | 1,976 | $4,500 | 2026-08-13 | — | |
| townhomes | 4 | 3 | 1,820 | $4,100 | 2026-08-11 | — | |
| townhomes | 4 | 3 | 1,708 | $3,600 | 2026-08-11 | — | |
| townhomes | 4 | 3 | 1,774 | $4,000 | 2026-08-06 | — | |
| townhomes | 4 | 3 | 1,475 | $3,200 | 2026-07-19 | — | |
| townhomes | 4 | 3 | 1,793 | $3,500 | 2026-07-17 | — | |
| townhomes | 4 | 2 | 1,848 | $3,950 | 2026-07-16 | — | |
| townhomes | 4 | 3 | 1,876 | $3,500 | 2026-05-22 | — | |
| townhomes | 4 | 4 | 2,238 | $10,900 | 2026-06-22 | — | |
| townhomes | 4 | 3 | 1,820 | $4,200 | 2026-06-22 | — | |
| townhomes | 4 | 3 | 1,793 | $3,595 | 2026-06-18 | — | |
| townhomes | 4 | 4 | 2,313 | $4,000 | 2026-06-17 | — | |
| townhomes | 4 | 3 | 1,870 | $3,500 | 2026-08-04 | — | |
| townhomes | 4 | 3 | 2,300 | $4,300 | 2026-08-04 | — | |
| townhomes | 4 | 3 | 2,000 | $3,300 | 2026-07-31 | — | |
| townhomes | 4 | 3 | 2,308 | $4,050 | 2026-07-29 | — | |
| townhomes | 4 | 3 | 1,985 | $3,300 | 2026-08-24 | — | |
| townhomes | 4 | 3 | 1,899 | $3,500 | 2026-03-11 | — |
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 |
|---|---|---|---|---|---|---|
| 8300 NW 10th St | townhomes | 2 | 3 | 1,250 | $325,000 | 2026-06-29 |
| 8300 NW 10th St | townhomes | 3 | 3 | 1,460 | $460,000 | 2026-06-22 |
| 8389 NW 8th St | townhomes | 2 | 3 | 952 | $375,000 | 2026-06-16 |
| 8670 NW 6th Ln Unit 4-109 | townhomes | 2 | 2 | 845 | $320,000 | 2026-06-05 |
| 4519 NW 3th St | townhomes | 4 | 4 | 3,180 | $760,000 | 2026-04-29 |
| 8550 NW 3rd Ln Unit 304 | townhomes | 2 | 3 | 979 | $332,000 | 2026-03-31 |
| 8262 NW 5th Ln Apt 392 | townhomes | 2 | 2 | 914 | $320,000 | 2026-02-27 |
| 8430 NW 8th St Apt A11 | townhomes | 2 | 3 | 970 | $280,000 | 2026-01-28 |
| 8360 NW 8th St Unit 11-2 | townhomes | 2 | 3 | 1,150 | $270,000 | 2025-12-22 |
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.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 30 NW 56th Ct | multi_family | 4 | 2 | 1,450 | $725,000 | — |
| 7239 NW Third St | multi_family | 4 | 3 | 1,480 | $770,000 | — |
| 6100 NW 2nd St | single_family | 4 | 3 | 1,836 | $850,000 | — |
| 321 NW 56th Ave | single_family | 4 | 3 | 1,345 | $800,000 | — |
| 6060 NW 7th St | single_family | 4 | 2 | 1,168 | $475,000 | — |
| 4074 NW 4th St | single_family | 4 | 3 | 1,506 | $644,000 | — |
| 4518 NW 4th St | townhomes | 4 | 4 | 3,180 | $770,000 | — |
| 5181 NW 5th St | multi_family | 4 | 2 | 1,806 | $730,999 | — |
10-year hold projection
IRR-0.1%
Equity multiple0.98x
Total return (10yr)$76,920
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $628,300 | $16,482 | -$23,310 | $482,709 | $145,591 |
| 2 | $647,149 | $17,093 | -$22,753 | $477,055 | $170,094 |
| 3 | $666,563 | $17,725 | -$22,177 | $471,012 | $195,551 |
| 4 | $686,560 | $18,379 | -$21,580 | $464,554 | $222,006 |
| 5 | $707,157 | $19,055 | -$20,961 | $457,653 | $249,504 |
| 6 | $728,372 | $19,755 | -$20,321 | $450,278 | $278,093 |
| 7 | $750,223 | $20,480 | -$19,658 | $442,397 | $307,826 |
| 8 | $772,730 | $21,229 | -$18,971 | $433,974 | $338,755 |
| 9 | $795,912 | $22,004 | -$18,260 | $424,973 | $370,938 |
| 10 | $819,789 | $22,806 | -$17,524 | $415,354 | $404,435 |
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.