19941 NE 36th Pl

Aventura, FL 33180 · single_family · For Sale · 84 days on market
Asking price$2,975,000
5 beds 6 baths 3,511 sqft
Suggested offer$1,710,031$1,264,969 above the est. market value of $1,710,031.
View on Realtor.com →
Listed by Erika Hoffmann · One Sotheby's International Realty
Typesingle_family
Built1994
Price / sqft$847
Est. value (own analysis)$1,710,031
Rent estimate (own analysis)$15,480/mo
HOA$1,300/mo
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Neighborhood

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Statusfor_sale
Listed date2026-06-10
Removed date
MLSMiamiMLS #A12034811
Coordinates25.96031, -80.12995
Address19941 NE 36th Pl
CityAventura
StateFL
Zip33180
Listing ID5001794182
Sourceus-real-estate-listings, cached 2026-09-02

ZIP market snapshot (33180)

Typical home value (ZHVI)$463,036
Typical rent (ZORI)$3,210/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$2,975,000
Down payment (20.0%)$595,000
Loan amount$2,380,000
Closing costs (5.0%)$148,750
Total cash to close$743,750
Rent (comp-derived)$15,480$185,760
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$185,760
Vacancy rate (assumption) assumption8.0%

$185,760 × 8.0% = $14,861

Effective gross income$14,242$170,899
Property tax (placeholder 1.9% of price)$4,710$56,525
Insurance (placeholder 0.8% of price)$1,983$23,800
HOA dues$1,300$15,600
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$774$9,288
Total operating expenses$8,768$105,213
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$170,899
Total operating expenses derived$105,213

$170,899 − $105,213 = $65,686

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$2,380,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$2,380,000 amortized at 6.7% over 30 years = $15,295/mo

CapEx reserve (5.0% of GSR)$774$9,288
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$65,686
Annual debt service derived$183,534
Annual CapEx reserve assumption$9,288
Annual PMI assumption$0

($65,686 − $183,534 − $9,288 − $0) ÷ 12 = -$10,595

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$65,686
Purchase price data$2,975,000

$65,686 ÷ $2,975,000 = 2.2%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$127,136
Total cash to close derived$743,750

-$127,136 ÷ $743,750 = -17.1%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$65,686
Annual debt service derived$183,534

$65,686 ÷ $183,534 = 0.36

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$185,760
Purchase price data$2,975,000

($185,760 ÷ 12) ÷ $2,975,000 = 0.5%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$2,975,000
Gross scheduled rent (annual) comp$185,760

$2,975,000 ÷ $185,760 = 16.0

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$105,213
Effective gross income derived$170,899

$105,213 ÷ $170,899 = 61.6%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$105,213
Annual debt service derived$183,534
Annual PMI assumption$0
Gross scheduled rent (annual) comp$185,760

($105,213 + $183,534 + $0) ÷ $185,760 = 155.4%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family532,455$6,4002026-05-29
single_family563,115$30,0002026-01-12
single_family553,313$15,4802026-08-03

2555 NE 202nd St

Miami, 33180 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage2,455
Listed2026-05-29
Days on market

Asking rent: $6,400

View on Zillow →

2560 NE 199th St

Miami, 33180 · rent comp

Bedrooms / bathrooms5 bd / 6 ba
Square footage3,115
Listed2026-01-12
Days on market

Asking rent: $30,000

View on Zillow →

3690 NE 199th St Unit 3690

Aventura, 33180 · rent comp

Bedrooms / bathrooms5 bd / 5 ba
Square footage3,313
Listed2026-08-03
Days on market

Asking rent: $15,480

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
2280 NE 201st Stsingle_family543,174$1,925,0002026-07-17
3752 NE 199th Stsingle_family575,218$3,850,0002026-07-08
20100 NE 23rd Ctsingle_family543,552$1,730,0002026-06-10
3757 NE 208th Tersingle_family532,842$2,100,0002026-05-20
2570 NE 201st Stsingle_family532,789$1,315,0002026-03-12
2210 NE 204th Stsingle_family534,226$1,875,0002026-01-06
2362 NE 212th Tersingle_family533,110$1,405,0002025-12-08
2380 NE 214th Stsingle_family533,145$1,400,0002025-11-24
20125 NE 25th Avesingle_family55$2,680,0002025-11-04
2421 NE 199th Stsingle_family532,886$2,645,0002025-10-22

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
19321 NE 22nd Avesingle_family555,069$4,940,000
20001 NE 25th Avesingle_family573,760$4,175,000
2531 NE 195th Stsingle_family542,759$1,975,000
2330 NE 195th Stsingle_family542,335$1,550,000
single_family522,087$1,305,770
21280 NE 23rd Avesingle_family542,564$1,799,000
19810 NE 22nd Avesingle_family532,837$1,520,000
3188 NE 211th Tersingle_family552,949$2,399,000

10-year hold projection

IRR-1.4%
Equity multiple0.77x
Total return (10yr)$218,474
YearProperty valueNOICash flowLoan balanceEquity
1$3,064,250$65,686-$127,136$2,354,196$710,054
2$3,156,178$68,183-$124,872$2,326,619$829,558
3$3,250,863$70,768-$122,525$2,297,149$953,714
4$3,348,389$73,443-$120,093$2,265,655$1,082,734
5$3,448,840$76,213-$117,573$2,231,998$1,216,842
6$3,552,306$79,080-$114,963$2,196,030$1,356,275
7$3,658,875$82,048-$112,258$2,157,592$1,501,282
8$3,768,641$85,119-$109,455$2,116,515$1,652,126
9$3,881,700$88,298-$106,553$2,072,617$1,809,083
10$3,998,151$91,588-$103,546$2,025,704$1,972,447
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.