20520 NW 15th Ave Apt 221
Miami Gardens, FL 33169 · condos · For Sale · 242 days on market
Asking price$199,999
1 beds 2 baths 661 sqft
Suggested offer$92,028$107,971 above the est. market value of $92,028.
View on Realtor.com →Listed by Alexis Alvarez Alvarez Fiallo · Hyde International Realty
Typecondos
Built1972
Price / sqft$303
Est. value (own analysis)$92,028
Rent estimate (own analysis)$1,650/mo
HOA$300/mo
1 / 12
Show every detail
Statusfor_sale
Listed date2026-01-04
Removed date—
MLSMiamiMLS #A11938126
Coordinates25.96438, -80.22840
Address20520 NW 15th Ave Apt 221
CityMiami Gardens
StateFL
Zip33169
Listing ID5031093559
Sourceus-real-estate-listings, cached 2026-09-01
ZIP market snapshot (33169)
Typical home value (ZHVI)$471,445
Typical rent (ZORI)$2,193/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 | $199,999 |
| Down payment (20.0%) | $40,000 |
| Loan amount | $159,999 |
| Closing costs (5.0%) | $10,000 |
| Total cash to close | $50,000 |
| Income | |
| Rent (comp-derived) | $1,650$19,800 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,518$18,216 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $317$3,800 |
| Insurance (placeholder 0.8% of price) | $133$1,600 |
| HOA dues | $300$3,600 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $83$990 |
| Total operating expenses | $833$9,990 |
| 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) | $83$990 |
| 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 | 1 | 1 | 840 | $1,450 | 2026-08-20 | — | |
| condos | 1 | 1 | 826 | $1,490 | 2026-08-19 | — | |
| apartment | 1 | 1 | 609 | $2,209 | 2025-11-12 | — | |
| apartment | 1 | 1 | 840 | $1,700 | 2026-08-12 | — | |
| condos | 1 | 1 | 840 | $1,390 | 2026-08-11 | — | |
| apartment | 1 | 1 | 826 | $1,600 | 2026-08-11 | — | |
| condos | 1 | 1 | 826 | $1,575 | 2026-08-10 | — | |
| condos | 1 | 1 | 826 | $1,600 | 2026-07-20 | — | |
| condos | 1 | 2 | 775 | $1,700 | 2026-07-16 | — | |
| condos | 1 | 1 | 840 | $1,500 | 2026-07-08 | — | |
| apartment | 1 | 1 | 826 | $1,650 | 2026-07-07 | — | |
| condos | 1 | 1 | 826 | $1,600 | 2026-06-27 | — | |
| condos | 1 | 1 | 826 | $1,500 | 2026-06-25 | — | |
| condos | 1 | 1 | 826 | $1,700 | 2026-06-17 | — | |
| condos | 1 | 1 | 826 | $1,600 | 2026-05-29 | — | |
| condos | 1 | 1 | 826 | $1,600 | 2026-05-23 | — | |
| condos | 1 | 1 | 840 | $1,500 | 2026-05-20 | — | |
| condos | 1 | 1 | 826 | $1,725 | 2026-04-28 | — | |
| apartment | 1 | 1 | 820 | $1,700 | 2026-07-30 | — | |
| condos | 1 | 1 | 700 | $1,600 | 2025-06-16 | — | |
| condos | 1 | 1 | 826 | $1,550 | 2026-08-24 | — | |
| condos | 1 | 1 | 826 | $1,600 | 2026-04-22 | — | |
| condos | 1 | 1 | 826 | $1,450 | 2026-03-21 | — | |
| condos | 1 | 1 | 720 | $1,650 | 2026-03-11 | — | |
| condos | 1 | 1 | 560 | $1,400 | 2026-02-17 | — | |
| apartment | 1 | 1 | 625 | $1,475 | — | — | |
| apartment | 1 | 1 | 600 | $1,100 | — | — | |
| apartment | 1 | 1 | 576 | $1,595 | — | — | |
| apartment | 1 | 1 | 576 | $1,595 | — | — | |
| apartment | 1 | 1 | 576 | $1,720 | — | — | |
| apartment | 1 | 1 | 576 | $1,595 | — | — | |
| apartment | 1 | 1 | 576 | $1,595 | — | — | |
| apartment | 1 | 1 | 576 | $1,795 | — | — | |
| apartment | 1 | 1 | 576 | $1,570 | — | — | |
| apartment | 1 | 1 | 576 | $1,595 | — | — | |
| apartment | 1 | 1 | 576 | $1,695 | — | — | |
| apartment | 1 | 1 | 576 | $1,720 | — | — | |
| apartment | 1 | 1 | 576 | $1,695 | — | — | |
| apartment | 1 | 1 | 870 | $1,599 | — | — | |
| apartment | 1 | 1 | 609 | $1,899 | — | — | |
| apartment | 1 | 1 | 609 | $2,004 | — | — | |
| apartment | 1 | 1 | 609 | $2,034 | — | — | |
| apartment | 1 | 1 | 609 | $1,999 | — | — | |
| apartment | 1 | 1 | 609 | $2,099 | — | — | |
| apartment | 1 | 1 | 609 | $2,069 | — | — | |
| apartment | 1 | 1 | 609 | $2,160 | — | — | |
| apartment | 1 | 1 | 609 | $2,160 | — | — | |
| apartment | 1 | 1 | 609 | $2,160 | — | — | |
| apartment | 1 | 1 | 609 | $2,160 | — | — | |
| apartment | 1 | 1 | 609 | $2,044 | — | — | |
| apartment | 1 | 1 | 609 | $2,084 | — | — | |
| apartment | 1 | 1 | 609 | $2,160 | — | — | |
| apartment | 1 | 1 | 767 | $2,528 | — | — | |
| apartment | 1 | 1 | 768 | $2,798 | — | — | |
| apartment | 1 | 1 | 768 | $2,753 | — | — | |
| apartment | 1 | 1 | 705 | $1,545 | — | — | |
| apartment | 1 | 1 | 790 | $2,485 | — | — | |
| apartment | 1 | 1 | 768 | $2,438 | — | — | |
| apartment | 1 | 1 | 890 | $1,650 | — | — | |
| apartment | 1 | 1 | 870 | $1,599 | — | — | |
| apartment | 1 | 1 | 715 | $1,525 | — | — | |
| apartment | 1 | 1 | 767 | $2,844 | — | — | |
| apartment | 1 | 1 | 890 | $1,650 | — | — | |
| apartment | 1 | 1 | 890 | $1,650 | — | — | |
| apartment | 1 | 1 | 730 | $2,100 | 2024-12-05 | — | |
| condos | 1 | 2 | 785 | $1,550 | 2026-07-22 | — | |
| condos | 1 | 1 | 720 | $1,650 | 2026-06-24 | — | |
| condos | 1 | 1 | 620 | $1,450 | 2025-09-10 | — | |
| condos | 1 | 1 | 620 | $1,500 | 2026-08-11 | — | |
| apartment | 1 | 1 | 625 | $1,434 | — | — | |
| apartment | 1 | 1 | 845 | $1,535 | — | — | |
| apartment | 1 | 1 | 790 | $2,485 | — | — | |
| apartment | 1 | 1 | 768 | $2,724 | — | — | |
| apartment | 1 | 1 | 870 | $1,599 | — | — | |
| apartment | 1 | 1 | 890 | $1,900 | — | — | |
| apartment | 1 | 1 | 870 | $1,850 | — | — | |
| apartment | 1 | 1 | 768 | $2,724 | — | — | |
| apartment | 1 | 1 | 705 | $1,545 | 2026-06-01 | — | |
| condos | 1 | 1 | 620 | $1,500 | 2026-04-08 | — | |
| apartment | 1 | 1 | 845 | $1,535 | 2026-09-01 | — |
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 |
|---|---|---|---|---|---|---|
| 505 NW 177th St Apt 136 | condos | 1 | 1 | 730 | $140,000 | 2026-08-11 |
| 496 NW 165th St Rd Apt D214 | condos | 1 | 1 | 826 | $99,999 | 2026-08-08 |
| 492 NW 165th St Rd Apt C314 | condos | 1 | 1 | 826 | $105,000 | 2026-05-29 |
| 505 NW 177th St Apt 139 | condos | 1 | 1 | 730 | $130,000 | 2026-05-15 |
| 5366925887 | condos | 1 | 1 | 576 | $84,500 | 2026-04-17 |
| 496 NW 165th St Rd Apt D211 | condos | 1 | 1 | 826 | $115,000 | 2026-02-04 |
| 484 NW 165th St Rd Apt A214 | condos | 1 | 1 | 826 | $115,000 | 2026-02-01 |
| 15600 NW 7th Ave Apt 301 | condos | 1 | 1 | 840 | $119,000 | 2026-01-13 |
| 15600 NW 7th Ave Apt 515 | condos | 1 | 1 | 840 | $110,000 | 2026-01-12 |
| 15600 NW 7th Ave Apt 618 | condos | 1 | 1 | 840 | $94,000 | 2025-12-18 |
| 50 NW 204th St Apt 24 | condos | 1 | 1 | 576 | $105,000 | 2025-11-26 |
| 301 NW 177th St Apt 104 | condos | 1 | 1 | 730 | $130,000 | 2025-11-06 |
| 15600 NW 7th Ave Apt 311 | condos | 1 | 1 | 840 | $112,000 | 2025-09-11 |
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 |
|---|---|---|---|---|---|---|
| 496 NW 165th St Rd Apt D410 | condos | 1 | 1 | 826 | $113,000 | — |
| 16450 NW 2nd Ave Apt 207 | condos | 1 | 1 | 770 | $125,000 | — |
| 486 NW 165th St Rd Apt B307 | condos | 1 | 1 | 842 | $138,000 | — |
| 15600 NW 7th Ave Apt 511 | condos | 1 | 1 | 840 | $145,000 | — |
| 15600 NW 7th Ave Apt 704 | condos | 1 | 1 | 840 | $140,000 | — |
| 482 NW 165th St Rd Apt A504 | condos | 1 | 1 | 826 | $140,000 | — |
| 15600 NW 7th Ave Apt 421 | condos | 1 | 1 | 840 | $105,000 | — |
| 492 NW 165th St Rd Apt C211 | condos | 1 | 1 | 826 | $94,000 | — |
10-year hold projection
IRR3.6%
Equity multiple1.58x
Total return (10yr)$55,031
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $205,999 | $8,226 | -$5,102 | $158,264 | $47,735 |
| 2 | $212,179 | $8,523 | -$4,830 | $156,411 | $55,768 |
| 3 | $218,544 | $8,830 | -$4,549 | $154,429 | $64,115 |
| 4 | $225,101 | $9,147 | -$4,258 | $152,312 | $72,789 |
| 5 | $231,854 | $9,475 | -$3,956 | $150,049 | $81,804 |
| 6 | $238,809 | $9,815 | -$3,644 | $147,631 | $91,178 |
| 7 | $245,974 | $10,166 | -$3,321 | $145,047 | $100,926 |
| 8 | $253,353 | $10,528 | -$2,987 | $142,286 | $111,067 |
| 9 | $260,953 | $10,904 | -$2,641 | $139,335 | $121,619 |
| 10 | $268,782 | $11,292 | -$2,283 | $136,181 | $132,601 |
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.