20922 NW 39th Ave
Miami Gardens, FL 33055 · townhomes · For Sale · 76 days on market
Asking price$378,000
3 beds 2 baths 1,152 sqft
Suggested offer$350,150$27,850 above the est. market value of $350,150.
View on Realtor.com →Listed by Gabriela Burke · Empire State Realty LLC
Typetownhomes
Built1972
Price / sqft$328
Est. value (own analysis)$350,150
Rent estimate (own analysis)$2,800/mo
HOA$45/mo
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Statusfor_sale
Listed date2026-06-19
Removed date—
MLSMiamiMLS #A12014822
Coordinates25.96757, -80.26894
Address20922 NW 39th Ave
CityMiami Gardens
StateFL
Zip33055
Listing ID5210781588
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 | $378,000 |
| Down payment (20.0%) | $75,600 |
| Loan amount | $302,400 |
| Closing costs (5.0%) | $18,900 |
| Total cash to close | $94,500 |
| Income | |
| Rent (comp-derived) | $2,800$33,600 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,576$30,912 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $599$7,182 |
| Insurance (placeholder 0.8% of price) | $252$3,024 |
| HOA dues | $45$540 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $140$1,680 |
| Total operating expenses | $1,036$12,426 |
| 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) | $140$1,680 |
| 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 |
|---|---|---|---|---|---|---|---|
| townhomes | 3 | 2 | 1,056 | $2,600 | 2026-06-03 | — | |
| townhomes | 3 | 2 | 1,034 | $2,500 | 2026-08-21 | — | |
| townhomes | 3 | 1 | 1,152 | $2,600 | 2026-08-25 | — | |
| townhomes | 3 | 2 | 1,302 | $2,850 | 2026-08-07 | — | |
| townhomes | 3 | 2 | 1,209 | $2,800 | 2026-05-31 | — | |
| townhomes | 3 | 2 | 1,162 | $2,800 | 2026-08-11 | — | |
| townhomes | 3 | 2 | 1,194 | $4,000 | 2026-08-21 | — | |
| townhomes | 3 | 2 | 1,260 | $3,500 | 2026-06-29 | — | |
| townhomes | 3 | 2 | 1,162 | $4,200 | 2026-07-05 | — |
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 |
|---|---|---|---|---|---|---|
| 21348 NW 40th Circle Ct | townhomes | 3 | 1 | 1,162 | $410,000 | 2026-09-01 |
| 3728 NW 213th St | townhomes | 3 | 2 | 1,162 | $425,000 | 2026-08-31 |
| 21110 NW 39th Ave | townhomes | 3 | 2 | 1,152 | $370,000 | 2026-08-06 |
| 18343 NW 44th Pl | townhomes | 3 | 2 | 1,086 | $176,800 | 2026-07-28 |
| 4050 NW 181st Ln | townhomes | 3 | 2 | 1,120 | $272,500 | 2026-07-23 |
| 18863 NW 52nd Ct | townhomes | 3 | 3 | 1,430 | $430,000 | 2026-07-20 |
| 5685 NW 194th Ln | townhomes | 3 | 2 | 1,543 | $464,000 | 2026-07-10 |
| 19317 NW 47th Ave | townhomes | 3 | 1 | 854 | $300,000 | 2026-06-26 |
| 4430 NW 185th St | townhomes | 3 | 2 | 979 | $395,000 | 2026-06-12 |
| 5211 NW 196th Ter | townhomes | 3 | 2 | 1,188 | $500,000 | 2026-06-01 |
| 4541 NW 190th St | townhomes | 3 | 2 | 1,123 | $290,000 | 2026-05-15 |
| 3830 NW 213th Ter Unit 3830 | townhomes | 3 | 2 | — | $176,500 | 2026-05-07 |
| 3820 NW 213th Ter Unit 3820 | townhomes | 3 | 2 | — | $176,500 | 2026-05-07 |
| 5297 NW 190th Ln | townhomes | 3 | 3 | 1,430 | $425,000 | 2026-05-06 |
| 21422 NW 40th Circle Ct | townhomes | 3 | 1 | 1,162 | $339,000 | 2026-04-30 |
| 4534 NW 195th St | townhomes | 3 | 1 | 1,058 | $385,000 | 2026-04-10 |
| 3956 NW 207th Street Rd | townhomes | 3 | 2 | 1,152 | $360,000 | 2026-04-08 |
| 5565 NW 194th Ln | townhomes | 3 | 2 | 1,543 | $474,000 | 2026-02-25 |
| 19125 NW 47th Ave | townhomes | 3 | 1 | 854 | $180,000 | 2026-02-11 |
| 18422 NW 44th Pl | townhomes | 3 | 2 | 1,086 | $320,000 | 2026-02-09 |
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 |
|---|---|---|---|---|---|---|
| 17545 NW 49th Ct | single_family | 3 | 3 | 2,200 | $561,100 | — |
| 20400 NW 38th Ct | single_family | 3 | 2 | 1,135 | $560,000 | — |
| 18804 NW 46th Ave | single_family | 3 | 2 | 1,120 | $387,000 | — |
| 19367 NW 45th Ave | townhomes | 3 | 2 | 1,034 | $380,000 | — |
| 17430 NW 37th Ct | single_family | 3 | 2 | 1,400 | $512,000 | — |
| 3728 NW 213th St | townhomes | 3 | 2 | 1,162 | $399,900 | — |
| 4527 NW 191st Ter | townhomes | 3 | 2 | 1,142 | $398,000 | — |
| 4441 NW 173rd Dr | single_family | 3 | 2 | 1,274 | $560,000 | — |
10-year hold projection
IRR5.9%
Equity multiple1.94x
Total return (10yr)$138,157
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $389,340 | $18,486 | -$6,514 | $299,121 | $90,219 |
| 2 | $401,020 | $19,103 | -$5,939 | $295,618 | $105,403 |
| 3 | $413,051 | $19,739 | -$5,345 | $291,873 | $121,178 |
| 4 | $425,442 | $20,397 | -$4,732 | $287,872 | $137,571 |
| 5 | $438,206 | $21,076 | -$4,098 | $283,595 | $154,610 |
| 6 | $451,352 | $21,777 | -$3,444 | $279,025 | $172,326 |
| 7 | $464,892 | $22,500 | -$2,768 | $274,142 | $190,751 |
| 8 | $478,839 | $23,247 | -$2,069 | $268,922 | $209,917 |
| 9 | $493,204 | $24,019 | -$1,348 | $263,345 | $229,860 |
| 10 | $508,000 | $24,815 | -$603 | $257,384 | $250,616 |
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.