8540 NW 160th Ter
Miami Lakes, FL 33016 · single_family · For Sale · 2 days on market
Asking price$3,500,000
6 beds 6 baths — sqft
Suggested offer$1,300,000$2,200,000 above the est. market value of $1,300,000.
View on Realtor.com →Listed by Maria Gonzalez · Eagle Realty Of South Florida
Typesingle_family
Built2026
Price / sqft—
Est. value (own analysis)$1,300,000
Rent estimate (Zillow ZIP avg)$2,365/mo
HOANone
1 / 28
Show every detail
Statusfor_sale
Listed date2026-08-31
Removed date—
MLSMiamiMLS #A12080700
Coordinates—
Address8540 NW 160th Ter
CityMiami Lakes
StateFL
Zip33016
Listing ID9496158973
Sourceus-real-estate-listings, cached 2026-09-01
ZIP market snapshot (33016)
Typical home value (ZHVI)$295,375
Typical rent (ZORI)$2,365/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 | $3,500,000 |
| Down payment (20.0%) | $700,000 |
| Loan amount | $2,800,000 |
| Closing costs (5.0%) | $175,000 |
| Total cash to close | $875,000 |
| Income | |
| Rent (ZIP avg, ZORI — not bedroom-specific) | $2,365$28,375 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,175$26,105 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $5,542$66,500 |
| Insurance (placeholder 0.8% of price) | $2,333$28,000 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $118$1,419 |
| Total operating expenses | $7,993$95,919 |
| 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) | $118$1,419 |
| 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 |
|---|---|---|---|---|---|---|---|
| single_family | 6 | 4 | 4,176 | $10,000 | 2026-03-18 | — | |
| single_family | 6 | 6 | — | $12,000 | 2026-08-31 | — |
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 |
|---|---|---|---|---|---|---|
| 7830 NW 161st Ter | single_family | 6 | 4 | 3,434 | $1,090,000 | 2026-04-23 |
| 7970 NW 156th Ter | single_family | 6 | 6 | 3,119 | $1,300,000 | 2026-01-09 |
| 8360 NW 159th Ter | single_family | 6 | 5 | 4,647 | $1,340,000 | 2025-12-04 |
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 |
|---|---|---|---|---|---|---|
| 8052 NW 161st Ter | single_family | 6 | 5 | 3,232 | $1,599,000 | — |
| 7851 NW 166th Ter | single_family | 6 | 5 | 4,256 | $1,895,000 | — |
10-year hold projection
IRR-11.9%
Equity multiple-1.04x
Total return (10yr)-$1,329,944
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $3,605,000 | -$69,814 | -$287,155 | $2,769,642 | $835,358 |
| 2 | $3,713,150 | -$71,429 | -$288,805 | $2,737,199 | $975,951 |
| 3 | $3,824,545 | -$73,080 | -$290,493 | $2,702,528 | $1,122,016 |
| 4 | $3,939,281 | -$74,768 | -$292,219 | $2,665,476 | $1,273,804 |
| 5 | $4,057,459 | -$76,495 | -$293,983 | $2,625,880 | $1,431,579 |
| 6 | $4,179,183 | -$78,260 | -$295,788 | $2,583,565 | $1,595,618 |
| 7 | $4,304,559 | -$80,066 | -$297,633 | $2,538,344 | $1,766,214 |
| 8 | $4,433,695 | -$81,911 | -$299,520 | $2,490,018 | $1,943,677 |
| 9 | $4,566,706 | -$83,799 | -$301,450 | $2,438,373 | $2,128,333 |
| 10 | $4,703,707 | -$85,728 | -$303,423 | $2,383,182 | $2,320,526 |
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.