2323 NW 55th Ter
Miami, FL 33142 · multi_family · For Sale · 53 days on market
Asking price$795,000
6 beds 6 baths 2,400 sqft
Suggested offer$670,020$124,980 above the est. market value of $670,020.
View on Realtor.com →Listed by David H Diaz · Ark Real Estate Brokerage, LLC.
Typemulti_family
Built2026
Price / sqft$331
Est. value (own analysis)$670,020
Rent estimate (building total, own analysis)$6,024/mo
HOANone
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Statusfor_sale
Listed date2026-07-11
Removed date—
MLSMiamiMLS #A12051901
Coordinates25.82504, -80.23534
Address2323 NW 55th Ter
CityMiami
StateFL
Zip33142
Listing ID9529302344
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33142)
Typical home value (ZHVI)$430,103
Typical rent (ZORI)$2,350/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 | $795,000 |
| Down payment (20.0%) | $159,000 |
| Loan amount | $636,000 |
| Closing costs (5.0%) | $39,750 |
| Total cash to close | $198,750 |
| Income | |
| Rent (estimate) | $6,024$72,288 |
| Vacancy loss (8.0%) | |
| Effective gross income | $5,542$66,505 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,259$15,105 |
| Insurance (placeholder 0.8% of price) | $530$6,360 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $301$3,614 |
| Total operating expenses | $2,090$25,079 |
| 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) | $301$3,614 |
| 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.
No active rental listings cached yet for this bedroom count.
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 |
|---|---|---|---|---|---|---|
| 1247 NW 28th St | multi_family | 6 | 4 | 2,316 | $591,000 | 2026-07-31 |
| 2512 NW 13th Ave | multi_family | 6 | 2 | 1,764 | $580,000 | 2026-04-21 |
| 2180 NW 59th St | multi_family | 6 | 2 | 1,988 | $555,000 | 2026-01-26 |
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 |
|---|---|---|---|---|---|---|
| 2180 NW 30th St | multi_family | 6 | 5 | 2,652 | $600,000 | — |
| 5859 NW 13th Ave | multi_family | 6 | 4 | 2,300 | $750,000 | — |
| 1243 NW 29th Ter | multi_family | 6 | 3 | 1,792 | $775,000 | — |
| 1864 NW 28th St | multi_family | 6 | 4 | 3,200 | $1,375,000 | — |
| 4491 NW 23rd Ave | multi_family | 6 | 4 | 2,184 | $755,000 | — |
| 1895 NW 47th Ter | multi_family | 6 | 4 | 2,300 | $795,000 | — |
| 3376 NW 49th St | multi_family | 6 | 3 | 1,926 | $650,000 | — |
| 1810 NW 46th St | multi_family | 6 | 6 | 4,664 | $1,550,000 | — |
10-year hold projection
IRR6.8%
Equity multiple2.08x
Total return (10yr)$318,575
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $818,850 | $41,426 | -$11,234 | $629,104 | $189,746 |
| 2 | $843,416 | $42,794 | -$9,956 | $621,735 | $221,680 |
| 3 | $868,718 | $44,206 | -$8,637 | $613,860 | $254,858 |
| 4 | $894,780 | $45,664 | -$7,274 | $605,444 | $289,336 |
| 5 | $921,623 | $47,169 | -$5,866 | $596,450 | $325,173 |
| 6 | $949,272 | $48,722 | -$4,412 | $586,838 | $362,433 |
| 7 | $977,750 | $50,326 | -$2,911 | $576,566 | $401,183 |
| 8 | $1,007,082 | $51,981 | -$1,361 | $565,589 | $441,493 |
| 9 | $1,037,295 | $53,690 | $241 | $553,859 | $483,436 |
| 10 | $1,068,414 | $55,453 | $1,894 | $541,322 | $527,091 |
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.