19667 Turnberry Way Apt 20GR
Miami, FL 33180 · condos · For Sale · 175 days on market
Asking price$1,900,000
4 beds 4 baths 3,426 sqft
Listed by Noam Manor · Better Homes and Gardens Real Estate Florida 1st
Typecondos
Built1980
Price / sqft$555
Est. value (own analysis)$1,910,886
Rent estimate (own analysis)$12,400/mo
HOA$3,763/mo
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Statusfor_sale
Listed date2026-03-11
Removed date—
MLSBeachesMLS #F10554143
Coordinates25.95761, -80.12608
Address19667 Turnberry Way Apt 20GR
CityMiami
StateFL
Zip33180
Listing ID5129853993
Sourceus-real-estate-listings, cached 2026-08-28
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)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $1,900,000 |
| Down payment (20.0%) | $380,000 |
| Loan amount | $1,520,000 |
| Closing costs (5.0%) | $95,000 |
| Total cash to close | $475,000 |
| Income | |
| Rent (comp-derived) | $12,400$148,800 |
| Vacancy loss (8.0%) | |
| Effective gross income | $11,408$136,896 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $3,008$36,100 |
| Insurance (placeholder 0.8% of price) | $1,267$15,200 |
| HOA dues | $3,763$45,156 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $620$7,440 |
| Total operating expenses | $8,658$103,896 |
| 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) | $620$7,440 |
| 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 | 3,400 | $10,800 | 2026-06-11 | — | |
| condos | 4 | 5 | 2,587 | $15,000 | 2026-08-18 | — | |
| condos | 4 | 5 | 3,290 | $10,700 | 2026-01-22 | — | |
| condos | 4 | 4 | 2,406 | $6,300 | 2026-06-03 | — | |
| condos | 4 | 6 | 2,624 | $18,000 | 2026-06-21 | — | |
| condos | 4 | 5 | 2,950 | $14,000 | 2026-01-29 | — |
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 |
|---|---|---|---|---|---|---|
| 3300 NE 188th St Unit LPH16 | condos | 4 | 5 | 2,942 | $2,500,000 | 2026-08-03 |
| 20201 E Country Club Dr Apt 901 | condos | 4 | 5 | 3,575 | $1,999,000 | 2026-06-24 |
| 3300 NE 188th St Apt 812 | condos | 4 | 6 | 2,559 | $1,689,000 | 2026-05-28 |
| 19667 Turnberry Way Apt 16GR | condos | 4 | 5 | 3,426 | $1,160,000 | 2026-04-30 |
| 19667 Turnberry Way Unit 3AB | condos | 4 | 4 | 3,044 | $900,000 | 2026-04-28 |
| 19667 Turnberry Way Apt 27J | condos | 4 | 3 | 2,360 | $1,313,000 | 2026-04-17 |
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 |
|---|---|---|---|---|---|---|
| 19694 NE 24th Ave | single_family | 4 | 4 | 2,863 | $2,580,000 | — |
| 2616 NE 214th St | single_family | 4 | 4 | 899 | $489,000 | — |
| 19885 NE 22nd Ave | single_family | 4 | 4 | 3,898 | $1,775,000 | — |
| 2627 NE 213th St | single_family | 4 | 2 | 1,473 | $899,900 | — |
| 19731 NE 24th Ave | single_family | 4 | 4 | 3,228 | $2,395,000 | — |
| 2511 NE 209th Ter | single_family | 4 | 5 | 2,150 | $2,150,000 | — |
| 2301 NE 196th St | single_family | 4 | 4 | 2,668 | $1,850,000 | — |
| 2375 NE 185th St | single_family | 4 | 3 | 1,556 | $860,000 | — |
10-year hold projection
IRR-2.8%
Equity multiple0.54x
Total return (10yr)$29,582
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,957,000 | $33,000 | -$91,655 | $1,503,520 | $453,480 |
| 2 | $2,015,710 | $34,509 | -$90,332 | $1,485,908 | $529,802 |
| 3 | $2,076,181 | $36,077 | -$88,955 | $1,467,087 | $609,095 |
| 4 | $2,138,467 | $37,705 | -$87,522 | $1,446,973 | $691,494 |
| 5 | $2,202,621 | $39,396 | -$86,032 | $1,425,478 | $777,143 |
| 6 | $2,268,699 | $41,151 | -$84,482 | $1,402,507 | $866,193 |
| 7 | $2,336,760 | $42,973 | -$82,870 | $1,377,958 | $958,802 |
| 8 | $2,406,863 | $44,865 | -$81,194 | $1,351,724 | $1,055,140 |
| 9 | $2,479,069 | $46,829 | -$79,452 | $1,323,688 | $1,155,381 |
| 10 | $2,553,441 | $48,866 | -$77,640 | $1,293,727 | $1,259,715 |
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.