700 NE 26th Ter Unit 4403
Miami, FL 33137 · condos · For Sale · 19 days on market
Asking price$4,988,888
4 beds 6 baths 3,788 sqft
Suggested offer$3,883,003$1,105,885 above the est. market value of $3,883,003.
View on Realtor.com →Listed by Andrei Liam Stefanov · Fortune Christie's International Real Estate
Typecondos
Built2023
Price / sqft$1317
Est. value (own analysis)$3,883,003
Rent estimate (own analysis)$22,250/mo
HOANone
1 / 60
Show every detail
Statusfor_sale
Listed date2026-08-14
Removed date—
MLSMiamiMLS #A12071269
Coordinates25.80207, -80.18561
Address700 NE 26th Ter Unit 4403
CityMiami
StateFL
Zip33137
Listing ID9716268795
Sourceus-real-estate-listings, cached 2026-08-25
ZIP market snapshot (33137)
Typical home value (ZHVI)$682,165
Typical rent (ZORI)$3,560/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 | $4,988,888 |
| Down payment (20.0%) | $997,778 |
| Loan amount | $3,991,110 |
| Closing costs (5.0%) | $249,444 |
| Total cash to close | $1,247,222 |
| Income | |
| Rent (comp-derived) | $22,250$267,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $20,470$245,640 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $7,899$94,789 |
| Insurance (placeholder 0.8% of price) | $3,326$39,911 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $1,113$13,350 |
| Total operating expenses | $12,338$148,050 |
| 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) | $1,113$13,350 |
| 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 |
|---|---|---|---|---|---|---|---|
| condos | 4 | 5 | 3,812 | $40,000 | 2026-08-19 | — | |
| condos | 4 | 6 | 2,582 | $18,000 | 2026-08-14 | — | |
| condos | 4 | 5 | 2,743 | $22,500 | 2026-08-14 | — | |
| condos | 4 | 6 | 2,694 | $45,000 | 2026-08-10 | — | |
| condos | 4 | 6 | 2,686 | $22,000 | 2026-08-07 | — | |
| condos | 4 | 6 | 4,210 | $30,000 | 2026-07-20 | — | |
| condos | 4 | 6 | 3,189 | $26,800 | 2026-07-16 | — | |
| condos | 4 | 6 | 2,663 | $17,500 | 2026-07-09 | — | |
| condos | 4 | 5 | 2,586 | $23,500 | 2026-07-07 | — | |
| condos | 4 | 4 | 4,270 | $17,250 | 2026-05-14 | — | |
| condos | 4 | 5 | 2,845 | $19,500 | 2026-08-23 | — | |
| condos | 4 | 6 | 2,582 | $14,000 | 2026-08-25 | — | |
| condos | 4 | 6 | 2,663 | $19,500 | 2026-04-11 | — | |
| condos | 4 | 6 | 2,530 | $29,995 | 2026-01-16 | — | |
| condos | 4 | 6 | 3,788 | $29,000 | 2026-01-07 | — | |
| condos | 4 | 4 | 3,179 | $12,000 | 2026-03-17 | — | |
| apartment | 4 | 5 | 3,341 | $21,500 | — | — | |
| condos | 4 | 6 | 3,189 | $23,000 | — | — | |
| condos | 4 | 6 | 2,582 | $20,000 | 2026-02-28 | — | |
| condos | 4 | 5 | 2,648 | $25,000 | — | — |
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 |
|---|---|---|---|---|---|---|
| 700 NE 24th St Unit 3201 | condos | 4 | 6 | 2,686 | $2,800,000 | 2026-07-30 |
| 700 NE 24th St Unit 4801 | condos | 4 | 6 | 2,686 | $2,750,000 | 2026-07-14 |
| 700 NE 24th St Unit 4401 | condos | 4 | 6 | 2,663 | $2,550,000 | 2026-06-11 |
| 700 NE 24th St Unit 4802 | condos | 4 | 6 | 3,189 | $3,850,000 | 2026-05-29 |
| 700 NE 26th Ter Unit 4203 | condos | 4 | 6 | 3,788 | $4,000,000 | 2026-05-27 |
| 700 NE 24th St Unit 3801 | condos | 4 | 6 | 2,582 | $2,650,000 | 2026-05-15 |
| 788 NE 23rd St Unit 2001 | condos | 4 | 5 | — | $2,720,000 | 2026-05-08 |
| 700 NE 26th Ter Unit TH403 | condos | 4 | 7 | 4,401 | $4,100,000 | 2026-05-08 |
| 788 NE 23rd St Unit 5502 | condos | 4 | 5 | 3,492 | $4,000,000 | 2026-05-08 |
| 700 NE 24th St Unit 1101 | condos | 4 | 6 | 2,686 | $2,400,000 | 2026-04-14 |
| 788 NE 23rd St Unit 3301 | condos | 4 | 6 | 3,298 | $3,600,000 | 2026-03-26 |
| 700 NE 24th St Unit 2501 | condos | 4 | 6 | 2,686 | $2,575,000 | 2026-03-26 |
| 700 NE 24th St Unit 5207 | condos | 4 | 6 | 2,520 | $3,000,000 | 2026-03-20 |
| 700 NE 26th Ter Unit 3903 | condos | 4 | 6 | 3,796 | $3,900,000 | 2026-03-18 |
| 788 NE 23rd St Unit 1001 | condos | 4 | 5 | 2,743 | $2,800,000 | 2026-03-18 |
| 700 NE 24th St Unit 2301 | condos | 4 | 6 | 2,686 | $2,450,000 | 2026-03-04 |
| 700 NE 24th St Unit 5903 | condos | 4 | 6 | 2,895 | $3,980,000 | 2026-03-03 |
| 700 NE 24th St Unit 2101 | condos | 4 | 6 | 2,686 | $2,475,000 | 2026-02-06 |
| 700 NE 24th St Unit 1401 | condos | 4 | 6 | 2,978 | $2,400,000 | 2026-01-29 |
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.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 121 NE 34th St Ph 3217 | condos | 4 | 5 | 2,866 | $2,499,000 | — |
| 725 NE 24th St Unit 301 | condos | 4 | 6 | — | $2,498,900 | — |
| 480 NE 31st St Unit 5104 | condos | 4 | 5 | 2,792 | $3,295,000 | — |
| 456 NE 29th ST | condo | 4 | 4 | 3,063 | $3,554,000 | — |
| 480 NE 31st St Unit 5303 | condos | 4 | 5 | 2,418 | $2,999,990 | — |
| 621 NE 57th St | single_family | 4 | 4 | 2,633 | $2,000,000 | — |
| 725 NE 24th Street Miami, FL 33137 | condo | 4 | 5 | 2,880 | $2,836,900 | — |
| 725 NE 24th Street Miami, FL 33137 | condo | 4 | 5 | 2,978 | $2,742,900 | — |
10-year hold projection
IRR-2.0%
Equity multiple0.67x
Total return (10yr)$239,901
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $5,138,555 | $97,590 | -$223,535 | $3,947,838 | $1,190,717 |
| 2 | $5,292,711 | $101,258 | -$220,201 | $3,901,594 | $1,391,117 |
| 3 | $5,451,493 | $105,054 | -$216,747 | $3,852,174 | $1,599,318 |
| 4 | $5,615,037 | $108,984 | -$213,168 | $3,799,361 | $1,815,677 |
| 5 | $5,783,489 | $113,051 | -$209,461 | $3,742,921 | $2,040,568 |
| 6 | $5,956,993 | $117,259 | -$205,621 | $3,682,605 | $2,274,389 |
| 7 | $6,135,703 | $121,614 | -$201,643 | $3,618,147 | $2,517,556 |
| 8 | $6,319,774 | $126,121 | -$197,523 | $3,549,262 | $2,770,512 |
| 9 | $6,509,367 | $130,785 | -$193,256 | $3,475,648 | $3,033,720 |
| 10 | $6,704,648 | $135,610 | -$188,837 | $3,396,978 | $3,307,670 |
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.