4513 NW 203rd Ter
Miami Gardens, FL 33055 · single_family · Pending — under contract · 42 days on market
Asking price$680,000
5 beds 2 baths 1,608 sqft
Suggested offer$510,362$169,638 above the est. market value of $510,362.
View on Realtor.com →Listed by Mayelin Ortega Gonzalez · Universal Realty Group, LLC.
Typesingle_family
Built1971
Price / sqft$423
Est. value (own analysis)$510,362
Rent estimate (own analysis)$3,990/mo
HOANone
1 / 55
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Statusfor_sale
Listed date2026-07-22
Removed date—
MLSMiamiMLS #A12056503
Coordinates25.95870, -80.27695
Address4513 NW 203rd Ter
CityMiami Gardens
StateFL
Zip33055
Listing ID5175080815
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33055)
Typical home value (ZHVI)$504,739
Typical rent (ZORI)$3,196/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 | $680,000 |
| Down payment (20.0%) | $136,000 |
| Loan amount | $544,000 |
| Closing costs (5.0%) | $34,000 |
| Total cash to close | $170,000 |
| Income | |
| Rent (comp-derived) | $3,990$47,880 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,671$44,050 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,077$12,920 |
| Insurance (placeholder 0.8% of price) | $453$5,440 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $200$2,394 |
| Total operating expenses | $1,730$20,754 |
| 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) | $200$2,394 |
| 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
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| single_family | 5 | 2 | 1,720 | $2,995 | 2026-07-12 | — | |
| single_family | 5 | 3 | 1,468 | $3,680 | 2026-05-29 | — | |
| single_family | 5 | 3 | 2,118 | $4,500 | 2026-08-27 | — | |
| single_family | 5 | 2 | 1,491 | $4,300 | 2026-08-26 | — |
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 |
|---|---|---|---|---|---|---|
| 4513 NW 203rd Ter | single_family | 5 | 2 | 1,608 | $685,000 | 2026-08-31 |
| 19100 NW 51st Ave | single_family | 5 | 2 | 2,010 | $610,000 | 2026-08-07 |
| 18620 NW 47th Ct | single_family | 5 | 3 | 1,738 | $685,000 | 2026-07-10 |
| 4231 NW 172nd Dr | single_family | 5 | 3 | 2,830 | $450,000 | 2026-06-24 |
| 4420 NW 168th Ter | single_family | 5 | 4 | 2,462 | $660,000 | 2026-06-02 |
| 19602 NW 37th Ct | single_family | 5 | 3 | 1,658 | $690,000 | 2026-04-14 |
| 17130 NW 51st Pl | single_family | 5 | 3 | 2,237 | $710,000 | 2026-04-07 |
| 4480 NW 201st St | single_family | 5 | 3 | 1,896 | $690,000 | 2026-04-06 |
| 5020 NW 170th St | single_family | 5 | 3 | 1,012 | $658,500 | 2026-03-27 |
| 18701 NW 39th Ct | single_family | 5 | 3 | 2,527 | $500,000 | 2026-03-06 |
| 20352 NW 39th Ct | single_family | 5 | 1 | 2,160 | $376,000 | 2026-02-27 |
| 18600 NW 42nd Pl | single_family | 5 | 3 | 1,645 | $560,000 | 2025-12-02 |
| 4720 NW 179th St | single_family | 5 | 2 | 2,399 | $650,000 | 2025-11-18 |
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 |
|---|---|---|---|---|---|---|
| 4450 NW 169th Ter | single_family | 5 | 3 | — | $699,900 | — |
| 20501 NW 44th Ct | single_family | 5 | 3 | 1,793 | $669,900 | — |
| 17301 NW 47th Ave | single_family | 5 | 2 | 1,753 | $699,000 | — |
| 4330 NW 203rd Ter | single_family | 5 | 3 | 2,178 | $710,000 | — |
| 17120 NW 43rd Ct | single_family | 5 | 2 | 2,737 | $600,000 | — |
| single_family | 5 | 4 | 2,890 | $570,000 | — | |
| 19200 NW 44th Ave | single_family | 5 | 2 | 2,233 | $634,999 | — |
| 20630 NW 37th Ct | single_family | 5 | 3 | 1,688 | $560,000 | — |
10-year hold projection
IRR1.9%
Equity multiple1.31x
Total return (10yr)$140,982
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $700,400 | $23,296 | -$21,049 | $538,102 | $162,298 |
| 2 | $721,412 | $24,098 | -$20,306 | $531,799 | $189,613 |
| 3 | $743,054 | $24,928 | -$19,538 | $525,063 | $217,992 |
| 4 | $765,346 | $25,784 | -$18,744 | $517,864 | $247,482 |
| 5 | $788,306 | $26,670 | -$17,924 | $510,171 | $278,135 |
| 6 | $811,956 | $27,584 | -$17,075 | $501,950 | $310,006 |
| 7 | $836,314 | $28,529 | -$16,198 | $493,164 | $343,150 |
| 8 | $861,404 | $29,505 | -$15,291 | $483,775 | $377,629 |
| 9 | $887,246 | $30,514 | -$14,354 | $473,741 | $413,505 |
| 10 | $913,863 | $31,556 | -$13,385 | $463,018 | $450,845 |
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.