1766 NW 68th Ter

Miami, FL 33147 · multi_family · For Sale · 78 days on market
Asking price$749,000
6 beds 4 baths 2,144 sqft
Suggested offer$664,061$84,939 above the est. market value of $664,061.
View on Realtor.com →
Listed by Hernan Gambertoglio · Keller Williams Eagle Realty
Typemulti_family
Built2023
Price / sqft$349
Est. value (own analysis)$664,061
Rent estimate (building total, own analysis)$4,803/mo
HOANone
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-06-17
Removed date
MLSMiamiMLS #A12036050
Coordinates25.83637, -80.22636
Address1766 NW 68th Ter
CityMiami
StateFL
Zip33147
Listing ID9665814661
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$749,000
Down payment (20.0%)$149,800
Loan amount$599,200
Closing costs (5.0%)$37,450
Total cash to close$187,250
Rent (estimate)$4,803$57,631
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$57,631
Vacancy rate (assumption) assumption8.0%

$57,631 × 8.0% = $4,610

Effective gross income$4,418$53,020
Property tax (placeholder 1.9% of price)$1,186$14,231
Insurance (placeholder 0.8% of price)$499$5,992
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$240$2,882
Total operating expenses$1,925$23,105
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$53,020
Total operating expenses derived$23,105

$53,020 − $23,105 = $29,916

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$599,200
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$599,200 amortized at 6.7% over 30 years = $3,851/mo

CapEx reserve (5.0% of GSR)$240$2,882
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$29,916
Annual debt service derived$46,207
Annual CapEx reserve assumption$2,882
Annual PMI assumption$0

($29,916 − $46,207 − $2,882 − $0) ÷ 12 = -$1,598

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$29,916
Purchase price data$749,000

$29,916 ÷ $749,000 = 4.0%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$19,173
Total cash to close derived$187,250

-$19,173 ÷ $187,250 = -10.2%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$29,916
Annual debt service derived$46,207

$29,916 ÷ $46,207 = 0.65

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$57,631
Purchase price data$749,000

($57,631 ÷ 12) ÷ $749,000 = 0.6%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$749,000
Gross scheduled rent (annual) comp$57,631

$749,000 ÷ $57,631 = 13.0

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$23,105
Effective gross income derived$53,020

$23,105 ÷ $53,020 = 43.6%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$23,105
Annual debt service derived$46,207
Annual PMI assumption$0
Gross scheduled rent (annual) comp$57,631

($23,105 + $46,207 + $0) ÷ $57,631 = 120.3%

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
2121 NW 72nd Stmulti_family641,850$699,9002026-07-29
3285 NW 92nd Stmulti_family612,057$610,0002026-01-06
2941 NW 96th Stmulti_family622,373$600,0002025-12-16
1780 NW 68th Termulti_family662,400$775,0002025-09-29

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
2419 NW 97th Stmulti_family662,572$1,100,000
2109 NW 65th Stmulti_family642,300$785,000
2975 NW 96th Stsingle_family642,164$749,900
2249/2251 NW 66th Stmulti_family642,440$805,000
2271/2273 NW 66th Stmulti_family642,440$805,000
1331 NW 87th Stsingle_family643,585$850,000
1840 NW 63rd Stmulti_family642,032$769,900
9700 NW 20th Avemulti_family64$749,000

10-year hold projection

IRR3.4%
Equity multiple1.55x
Total return (10yr)$201,404
YearProperty valueNOICash flowLoan balanceEquity
1$771,470$29,916-$19,173$592,703$178,767
2$794,614$30,929-$18,232$585,761$208,854
3$818,453$31,975-$17,260$578,341$240,111
4$843,006$33,056-$16,255$570,412$272,594
5$868,296$34,172-$15,216$561,938$306,358
6$894,345$35,324-$14,143$552,883$341,462
7$921,176$36,515-$13,034$543,206$377,970
8$948,811$37,744-$11,889$532,864$415,947
9$977,275$39,014-$10,704$521,812$455,463
10$1,006,593$40,325-$9,481$510,001$496,593
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.