21122 NW 39th Ave
Miami Gardens, FL 33055 · townhomes · For Sale · 70 days on market
Asking price$430,000
4 beds 2 baths 1,231 sqft
Suggested offer$360,088$69,912 above the est. market value of $360,088.
View on Realtor.com →Listed by Ernesto Bistuer · Canvas Real Estate
Typetownhomes
Built1973
Price / sqft$349
Est. value (own analysis)$360,088
Rent estimate (own analysis)$3,000/mo
HOA$35/mo
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Statusfor_sale
Listed date2026-06-24
Removed date—
MLSMiamiMLS #A12041705
Coordinates25.96831, -80.26945
Address21122 NW 39th Ave
CityMiami Gardens
StateFL
Zip33055
Listing ID5250059891
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 | $430,000 |
| Down payment (20.0%) | $86,000 |
| Loan amount | $344,000 |
| Closing costs (5.0%) | $21,500 |
| Total cash to close | $107,500 |
| Income | |
| Rent (comp-derived) | $3,000$36,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,760$33,120 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $681$8,170 |
| Insurance (placeholder 0.8% of price) | $287$3,440 |
| HOA dues | $35$420 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $150$1,800 |
| Total operating expenses | $1,153$13,830 |
| 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) | $150$1,800 |
| 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 | 4 | 2 | 1,506 | $3,900 | 2026-08-06 | — | |
| townhomes | 4 | 2 | 1,211 | $3,000 | 2026-08-19 | — | |
| townhomes | 4 | 2 | 1,302 | $3,000 | 2026-05-05 | — |
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 |
|---|---|---|---|---|---|---|
| 21016 NW 39th Ave | townhomes | 4 | 2 | 1,231 | $380,000 | 2026-07-22 |
| 18007 NW 41st Pl | townhomes | 4 | 2 | 1,302 | $310,000 | 2026-05-22 |
| 3916 NW 207th Street Rd | townhomes | 4 | 2 | 1,231 | $450,000 | 2026-05-19 |
| 4516 NW 185th St | townhomes | 4 | 2 | 1,470 | $305,000 | 2026-03-23 |
| 4428 NW 185th St | townhomes | 4 | 2 | 1,470 | $430,000 | 2025-12-23 |
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 |
|---|---|---|---|---|---|---|
| 18600 NW 38th Ct | single_family | 4 | 2 | 1,945 | $450,000 | — |
| 5341 NW 180th Ter | single_family | 4 | 2 | 1,564 | $435,000 | — |
| 3851 NW 210th Ter | single_family | 4 | 2 | 1,763 | $495,000 | — |
| 17201 NW 54th Ct | single_family | 4 | 2 | 2,034 | $650,000 | — |
| 4011 NW 171st St | single_family | 4 | 2 | 1,486 | $599,900 | — |
| 17930 NW 42nd Pl | single_family | 4 | 3 | 1,599 | $680,000 | — |
| 19522 NW 37th Ct | single_family | 4 | 2 | 1,828 | $659,000 | — |
| 17210 NW 47th Ave | single_family | 4 | 1 | 1,274 | $450,000 | — |
10-year hold projection
IRR4.8%
Equity multiple1.76x
Total return (10yr)$138,392
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $442,900 | $19,290 | -$9,038 | $340,270 | $102,630 |
| 2 | $456,187 | $19,938 | -$8,435 | $336,284 | $119,903 |
| 3 | $469,873 | $20,607 | -$7,812 | $332,025 | $137,848 |
| 4 | $483,969 | $21,298 | -$7,168 | $327,473 | $156,496 |
| 5 | $498,488 | $22,011 | -$6,503 | $322,608 | $175,880 |
| 6 | $513,442 | $22,748 | -$5,816 | $317,409 | $196,033 |
| 7 | $528,846 | $23,508 | -$5,107 | $311,853 | $216,992 |
| 8 | $544,711 | $24,294 | -$4,373 | $305,916 | $238,795 |
| 9 | $561,052 | $25,105 | -$3,616 | $299,571 | $261,482 |
| 10 | $577,884 | $25,942 | -$2,833 | $292,790 | $285,094 |
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.