1369 NW 68th Ter

Miami, FL 33147 · single_family · Pending — under contract · 63 days on market
Asking price$489,900
4 beds 2 baths — sqft
View on Realtor.com →
Listed by Ralph Goicouria · Keller Williams Elite Properties
Typesingle_family
Built1944
Price / sqft
Est. value (own analysis)$520,000
Rent estimate (own analysis)$3,600/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood6/10major$Air2/10MinorWildfire1/10Minimal
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Neighborhood

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Statusfor_sale
Listed date2026-07-01
Removed date
MLSMiamiMLS #A12043624
Coordinates25.83727, -80.22037
Address1369 NW 68th Ter
CityMiami
StateFL
Zip33147
Listing ID6993104375
Sourceus-real-estate-listings, cached 2026-08-31

ZIP market snapshot (33147)

Typical home value (ZHVI)$444,132
Typical rent (ZORI)$2,154/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$489,900
Down payment (20.0%)$97,980
Loan amount$391,920
Closing costs (5.0%)$24,495
Total cash to close$122,475
Rent (comp-derived)$3,600$43,200
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$43,200
Vacancy rate (assumption) assumption8.0%

$43,200 × 8.0% = $3,456

Effective gross income$3,312$39,744
Property tax (placeholder 1.9% of price)$776$9,308
Insurance (est. scaled by flood & wind risk)$572$6,859
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$180$2,160
Total operating expenses$1,527$18,327
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$39,744
Total operating expenses derived$18,327

$39,744 − $18,327 = $21,417

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$391,920
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$391,920 amortized at 6.7% over 30 years = $2,519/mo

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

Monthly Cash Flow

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

NOI derived$21,417
Annual debt service derived$30,223
Annual CapEx reserve assumption$2,160
Annual PMI assumption$0

($21,417 − $30,223 − $2,160 − $0) ÷ 12 = -$914

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$21,417
Purchase price data$489,900

$21,417 ÷ $489,900 = 4.4%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$10,966
Total cash to close derived$122,475

-$10,966 ÷ $122,475 = -9.0%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$21,417
Annual debt service derived$30,223

$21,417 ÷ $30,223 = 0.71

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$43,200
Purchase price data$489,900

($43,200 ÷ 12) ÷ $489,900 = 0.7%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$489,900
Gross scheduled rent (annual) comp$43,200

$489,900 ÷ $43,200 = 11.3

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$18,327
Effective gross income derived$39,744

$18,327 ÷ $39,744 = 46.1%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$18,327
Annual debt service derived$30,223
Annual PMI assumption$0
Gross scheduled rent (annual) comp$43,200

($18,327 + $30,223 + $0) ÷ $43,200 = 112.4%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family431,680$4,0002026-05-20
single_family421,420$9002026-05-08
single_family43$3,500
single_family422,000$3,300
single_family432,223$3,800
single_family42$3,7002026-08-31

1507 NW 100th St

Miami, 33147 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,680
Listed2026-05-20
Days on market

Asking rent: $4,000

View on Zillow →

1935 NW 96th St

Miami, 33147 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,420
Listed2026-05-08
Days on market

Asking rent: $900

View on Zillow →

1866 NW 91st St # 1866

Miami, 33147 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage
Listed
Days on market

Asking rent: $3,500

View on Zillow →

1471 NW 93rd St

Miami, 33147 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage2,000
Listed
Days on market

Asking rent: $3,300

View on Zillow →

2242 NW 99th Ter

Miami, 33147 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage2,223
Listed
Days on market

Asking rent: $3,800

View on Zillow →

3030 NW 68th St

Miami, 33147 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage
Listed2026-08-31
Days on market

Asking rent: $3,700

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
3560 NW 95th Stsingle_family42$520,0002026-08-31
1369 NW 68th Tersingle_family42$485,0002026-08-26
1535 NW 85th Stsingle_family421,287$490,0002026-08-11
3520 NW 99th Stsingle_family421,202$529,0002026-07-28
1945 NW 86th Stsingle_family421,055$395,0002026-07-27
3169 NW 102nd Stsingle_family431,638$594,0002026-07-09
1375 NW 77th Stsingle_family421,221$475,0002026-06-30
7128 NW 20th Avesingle_family421,267$499,9972026-06-30
1360 NW 77th Stsingle_family431,120$520,0002026-06-30
10420 NW 35th Plsingle_family431,868$350,0002026-06-29
1424 NW 69th Stsingle_family431,428$480,0002026-06-26
3155 NW 81st Tersingle_family421,552$530,0002026-06-23
1366 NW 75th Stsingle_family431,416$540,0002026-06-22
2346 NW 81st Tersingle_family421,655$590,0002026-06-10
3011 NW 69th Tersingle_family421,482$520,0002026-05-29
3201 NW 83rd Stsingle_family421,243$470,0002026-05-21
2158 NW 100th Stsingle_family421,482$460,0002026-05-18
2441 NW 98th Stsingle_family421,342$539,0002026-05-15
6965 NW 21st Ctsingle_family421,341$539,9002026-05-15
1231 NW 88th Stsingle_family442,646$700,0002026-05-08
2479 NW 96th Stsingle_family421,168$265,0002026-05-06
6351 NW 31st Ctsingle_family421,492$295,6082026-05-05
8747 NW 36th Avesingle_family421,235$580,0002026-04-22
1735 NW 69th Stsingle_family421,260$437,0002026-04-20
1568 NW 68th Stsingle_family43$570,0002026-04-17
2317 NW 87th Stsingle_family432,017$590,0002026-04-15
2365 NW 68th Stsingle_family421,200$430,0002026-04-03
3535 NW 82nd Stsingle_family42$500,0002026-03-31
6800 NW 28th Avesingle_family441,587$585,0002026-03-16
2359 NW 64th Stsingle_family43$587,0002026-03-13
9315 NW 35th Ctsingle_family421,250$495,0002026-03-05
9110 Broad Manor Rdsingle_family421,383$575,0002026-03-04
3150 NW 90th Stsingle_family431,350$490,0002026-02-27

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
2512 NW 68th Stmulti_family421,560$699,000
1760 NW 84th Stsingle_family421,180$575,000
3520 NW 79th Stmobile431,578$54,500
2950 NW 93rd Stsingle_family431,850$695,000
3168 NW 66th Stsingle_family41940$329,000
2118 NW 86th Stsingle_family42749$650,000
3265 NW 80th Tersingle_family421,728$545,000
10401 NW 33rd Avesingle_family441,972$670,000

10-year hold projection

IRR4.4%
Equity multiple1.71x
Total return (10yr)$150,697
YearProperty valueNOICash flowLoan balanceEquity
1$504,597$21,417-$10,966$387,671$116,926
2$519,735$22,151-$10,286$383,130$136,605
3$535,327$22,910-$9,582$378,277$157,050
4$551,387$23,693-$8,856$373,091$178,296
5$567,928$24,503-$8,104$367,548$200,380
6$584,966$25,339-$7,328$361,626$223,341
7$602,515$26,203-$6,525$355,296$247,219
8$620,591$27,095-$5,695$348,532$272,059
9$639,208$28,017-$4,838$341,303$297,905
10$658,385$28,969-$3,951$333,578$324,807
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 scaled by flood and wind risk where those are known and a flat percentage otherwise — never a real quote. Verify all of them, along with association restrictions and permit status, before committing capital. Rent estimates come from real comps or Zillow’s ZIP index, not appraisals.