665 NE 83rd Ter Apt 112
Miami, FL 33138 · condos · For Sale · 274 days on market
Asking price$228,950
1 beds 1 baths 562 sqft
Suggested offer$162,660$66,290 above the est. market value of $162,660.
View on Realtor.com →Listed by Magleni Salazar · La Playa Properties Group Inc
Typecondos
Built1972
Price / sqft$407
Est. value (own analysis)$162,660
Rent estimate (own analysis)$1,914/mo
HOA$205/mo
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Statusfor_sale
Listed date2025-12-02
Removed date—
MLSMiamiMLS #A11923858
Coordinates25.85263, -80.18319
Address665 NE 83rd Ter Apt 112
CityMiami
StateFL
Zip33138
Listing ID6981573393
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 | $228,950 |
| Down payment (20.0%) | $45,790 |
| Loan amount | $183,160 |
| Closing costs (5.0%) | $11,448 |
| Total cash to close | $57,238 |
| Income | |
| Rent (comp-derived) | $1,914$22,968 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,761$21,131 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $363$4,350 |
| Insurance (placeholder 0.8% of price) | $153$1,832 |
| HOA dues | $205$2,460 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $96$1,148 |
| Total operating expenses | $816$9,790 |
| 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) | $96$1,148 |
| 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 |
|---|---|---|---|---|---|---|---|
| apartment | 1 | 1 | 537 | $2,448 | 2025-11-17 | — | |
| apartment | 1 | 1 | 567 | $2,147 | 2024-08-23 | — | |
| condos | 1 | 1 | 570 | $2,100 | 2026-08-20 | — | |
| apartment | 1 | 1 | 520 | $1,875 | 2026-08-18 | — | |
| apartment | 1 | 1 | 685 | $1,828 | 2024-04-12 | — | |
| condos | 1 | 1 | 600 | $1,800 | 2026-08-17 | — | |
| apartment | 1 | 1 | 600 | $1,600 | 2026-08-17 | — | |
| apartment | 1 | 1 | 600 | $1,950 | 2026-08-07 | — | |
| apartment | 1 | 1 | 500 | $1,500 | 2026-08-05 | — | |
| condos | 1 | 1 | 613 | $1,975 | 2026-07-23 | — | |
| condos | 1 | 1 | 723 | $2,250 | 2026-07-22 | — | |
| apartment | 1 | 1 | 600 | $1,750 | 2026-07-22 | — | |
| condos | 1 | 1 | 561 | $1,750 | 2026-07-18 | — | |
| apartment | 1 | 1 | 758 | $1,750 | 2026-07-07 | — | |
| condos | 1 | 1 | 628 | $1,900 | 2026-07-07 | — | |
| apartment | 1 | 1 | 720 | $1,900 | 2026-07-06 | — | |
| apartment | 1 | 1 | 750 | $2,275 | 2026-07-02 | — | |
| apartment | 1 | 1 | 550 | $1,650 | 2026-06-26 | — | |
| condos | 1 | 1 | 716 | $2,100 | 2026-06-22 | — | |
| apartment | 1 | 1 | 700 | $1,790 | 2026-06-22 | — | |
| condos | 1 | 1 | 741 | $2,800 | 2026-06-20 | — | |
| apartment | 1 | 1 | 600 | $1,490 | 2026-06-19 | — | |
| apartment | 1 | 1 | 740 | $1,800 | 2025-01-03 | — | |
| apartment | 1 | 1 | 522 | $1,575 | 2026-06-10 | — | |
| condos | 1 | 1 | 716 | $2,400 | 2026-06-10 | — | |
| condos | 1 | 1 | 723 | $2,350 | 2026-06-02 | — | |
| condos | 1 | 1 | 723 | $2,200 | 2026-05-14 | — | |
| apartment | 1 | 1 | 575 | $1,800 | 2026-05-04 | — | |
| apartment | 1 | 1 | 725 | $1,824 | 2025-02-19 | — | |
| condos | 1 | 1 | 539 | $1,799 | 2026-07-31 | — | |
| condos | 1 | 1 | 723 | $2,500 | 2026-07-31 | — | |
| apartment | 1 | 1 | 600 | $1,495 | 2026-07-30 | — | |
| apartment | 1 | 1 | 600 | $2,000 | 2025-10-03 | — | |
| condos | 1 | 1 | 388 | $1,200 | 2026-02-11 | — | |
| apartment | 1 | 1 | 635 | $1,450 | 2026-03-11 | — | |
| apartment | 1 | 1 | 550 | $1,675 | 2026-08-21 | — | |
| apartment | 1 | 1 | 730 | $1,900 | 2026-08-21 | — | |
| condos | 1 | 1 | 653 | $1,850 | 2026-08-24 | — | |
| apartment | 1 | 1 | 500 | $6,885 | 2026-08-24 | — | |
| apartment | 1 | 1 | 720 | $1,700 | 2026-08-24 | — | |
| apartment | 1 | 1 | 600 | $2,600 | 2026-03-30 | — | |
| apartment | 1 | 1 | 627 | $2,200 | 2026-04-13 | — | |
| condos | 1 | 1 | 741 | $2,800 | 2026-04-21 | — | |
| apartment | 1 | 1 | 400 | $1,598 | — | — | |
| apartment | 1 | 1 | 740 | $1,850 | — | — | |
| condos | 1 | 1 | 741 | $2,600 | — | — | |
| apartment | 1 | 1 | 567 | $2,050 | — | — | |
| apartment | 1 | 1 | 742 | $2,390 | — | — | |
| apartment | 1 | 1 | 710 | $1,824 | — | — | |
| apartment | 1 | 1 | 618 | $1,840 | — | — | |
| apartment | 1 | 1 | 524 | $1,753 | — | — | |
| apartment | 1 | 1 | 618 | $1,800 | — | — | |
| apartment | 1 | 1 | 524 | $1,753 | — | — | |
| apartment | 1 | 1 | 537 | $2,377 | — | — | |
| apartment | 1 | 1 | 524 | $1,763 | — | — | |
| apartment | 1 | 1 | 725 | $1,824 | — | — | |
| apartment | 1 | 1 | 716 | $2,370 | — | — | |
| apartment | 1 | 1 | 742 | $2,355 | — | — | |
| apartment | 1 | 1 | 740 | $1,900 | — | — | |
| apartment | 1 | 1 | 742 | $2,377 | — | — | |
| apartment | 1 | 1 | 716 | $2,284 | — | — | |
| apartment | 1 | 1 | 725 | $1,824 | — | — | |
| apartment | 1 | 1 | 740 | $1,850 | — | — | |
| apartment | 1 | 1 | 740 | $1,800 | — | — | |
| apartment | 1 | 1 | 740 | $1,800 | — | — | |
| condos | 1 | 1 | 723 | $2,500 | 2023-12-12 | — | |
| apartment | 1 | 1 | 741 | $3,150 | — | — | |
| apartment | 1 | 1 | 725 | $1,824 | — | — | |
| apartment | 1 | 1 | 571 | $1,914 | — | — | |
| apartment | 1 | 1 | 742 | $2,294 | — | — | |
| apartment | 1 | 1 | 715 | $2,526 | — | — | |
| apartment | 1 | 1 | 581 | $1,500 | 2026-08-28 | — | |
| apartment | 1 | 1 | 400 | $1,700 | 2026-05-03 | — | |
| condos | 1 | 1 | 685 | $1,850 | 2026-08-24 | — | |
| condos | 1 | 1 | 450 | $2,500 | 2026-04-28 | — | |
| apartment | 1 | 1 | 650 | $2,975 | 2026-07-27 | — | |
| condos | 1 | 1 | 637 | $1,950 | 2026-01-23 | — | |
| apartment | 1 | 1 | 711 | $2,383 | — | — | |
| apartment | 1 | 1 | 524 | $1,773 | — | — | |
| apartment | 1 | 1 | 524 | $1,763 | — | — | |
| apartment | 1 | 1 | 618 | $1,840 | — | — | |
| apartment | 1 | 1 | 524 | $1,838 | — | — | |
| apartment | 1 | 1 | 618 | $1,800 | — | — | |
| apartment | 1 | 1 | 725 | $1,914 | — | — | |
| apartment | 1 | 1 | 715 | $2,543 | — | — | |
| apartment | 1 | 1 | 715 | $2,447 | — | — | |
| apartment | 1 | 1 | 742 | $2,364 | — | — | |
| apartment | 1 | 1 | 716 | $2,260 | — | — | |
| apartment | 1 | 1 | 715 | $2,583 | — | — | |
| apartment | 1 | 1 | 597 | $2,578 | — | — | |
| apartment | 1 | 1 | 598 | $2,465 | — | — | |
| apartment | 1 | 1 | 588 | $2,481 | — | — | |
| apartment | 1 | 1 | 597 | $2,566 | — | — | |
| apartment | 1 | 1 | 595 | $2,542 | — | — | |
| apartment | 1 | 1 | 716 | $2,774 | — | — | |
| apartment | 1 | 1 | 625 | $2,345 | — | — | |
| apartment | 1 | 1 | 672 | $2,000 | 2025-10-02 | — | |
| condos | 1 | 1 | 723 | $2,400 | 2026-09-01 | — |
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 |
|---|---|---|---|---|---|---|
| 1000 Quayside Ter Apt 1608 | condos | 1 | 2 | 1,200 | $250,000 | 2026-08-24 |
| 770 NE 69th St Apt 6D | condos | 1 | 2 | 1,042 | $380,000 | 2026-08-21 |
| 1700 NE 105th St Apt 505 | condos | 1 | 2 | 891 | $230,000 | 2026-08-13 |
| 770 NE 69th St Apt 6G | condos | 1 | 2 | 1,042 | $399,000 | 2026-06-30 |
| 2000 Towerside Ter Apt 608 | condos | 1 | 2 | 1,200 | $200,000 | 2026-06-12 |
| 7801 NE 4th Ct Apt 511 | condos | 1 | 2 | 746 | $160,000 | 2026-06-09 |
| 8950 NE 8th Ave Apt 312 | condos | 1 | 1 | 650 | $170,500 | 2026-05-15 |
| 7801 NE 4th Ct Apt 312 | condos | 1 | 1 | 746 | $130,000 | 2026-04-13 |
| 680 NE 64th St Apt A505 | condos | 1 | 1 | 741 | $265,000 | 2026-03-30 |
| 780 NE 69th St Apt 1706 | condos | 1 | 2 | 828 | $320,000 | 2026-02-27 |
| 780 NE 69th St Unit T1 | condos | 1 | 2 | 1,198 | $400,000 | 2026-02-18 |
| 421 NE 68th St Apt 6 | condos | 1 | 1 | 605 | $160,000 | 2025-12-15 |
| 421 Grand Concourse Apt 1 | condos | 1 | 1 | 827 | $260,000 | 2025-12-12 |
| 700 NE 63rd St Apt D607 | condos | 1 | 1 | 770 | $315,000 | 2025-12-11 |
| 650 NE 64th St Apt G304 | condos | 1 | 1 | 775 | $272,000 | 2025-10-20 |
| 680 NE 64th St Apt A316 | condos | 1 | 1 | 723 | $260,000 | 2025-09-22 |
| 7801 NE 4th Ct Apt 109 | condos | 1 | 2 | 746 | $195,000 | 2025-09-16 |
| 9652573603 | condos | 1 | 2 | 746 | $195,000 | 2025-09-16 |
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 |
|---|---|---|---|---|---|---|
| 777 NE 62nd St Apt C306 | condos | 1 | 1 | 723 | $290,000 | — |
| 780 NE 69th St Apt 506 | condos | 1 | 2 | 828 | $350,000 | — |
| 7516 NE 1st Ave Apt 302 | condos | 1 | 1 | 720 | $199,500 | — |
| 780 NE 69th St Apt 1406 | condos | 1 | 2 | 828 | $389,000 | — |
| 7845 NE Bayshore Ct Unit 12A | condos | 1 | 1 | 649 | $259,000 | — |
| 7845 NE Bayshore Ct Apt 12 | condos | 1 | 1 | 653 | $219,000 | — |
| 1000 Quayside Ter Apt 1807 | condos | 1 | 2 | 1,535 | $215,000 | — |
| 750 NE 64th St Apt B207 | condos | 1 | 1 | 723 | $335,000 | — |
10-year hold projection
IRR6.0%
Equity multiple1.95x
Total return (10yr)$84,452
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $235,819 | $11,341 | -$3,932 | $181,174 | $54,644 |
| 2 | $242,893 | $11,730 | -$3,572 | $179,052 | $63,841 |
| 3 | $250,180 | $12,132 | -$3,199 | $176,784 | $73,396 |
| 4 | $257,685 | $12,547 | -$2,814 | $174,360 | $83,325 |
| 5 | $265,416 | $12,976 | -$2,416 | $171,770 | $93,646 |
| 6 | $273,378 | $13,420 | -$2,004 | $169,002 | $104,377 |
| 7 | $281,580 | $13,878 | -$1,579 | $166,043 | $115,536 |
| 8 | $290,027 | $14,351 | -$1,139 | $162,882 | $127,145 |
| 9 | $298,728 | $14,839 | -$684 | $159,504 | $139,224 |
| 10 | $307,690 | $15,344 | -$215 | $155,893 | $151,796 |
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.