2841 NE 185th St Apt 514
Miami, FL 33180 · townhomes · For Sale · 175 days on market
Asking price$505,000
3 beds 2 baths 1,450 sqft
Suggested offer$362,587$142,413 above the est. market value of $362,587.
View on Realtor.com →Listed by Lucas Satten P.A · Realty 100 LLC
Typetownhomes
Built2001
Price / sqft$348
Est. value (own analysis)$362,587
Rent estimate (own analysis)$3,350/mo
HOA$1,314/mo
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Statusfor_sale
Listed date2026-03-11
Removed date—
MLSBeachesMLS #F10555077
Coordinates25.94756, -80.14194
Address2841 NE 185th St Apt 514
CityMiami
StateFL
Zip33180
Listing ID5405440529
Sourceus-real-estate-listings, cached 2026-09-02
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 | $505,000 |
| Down payment (20.0%) | $101,000 |
| Loan amount | $404,000 |
| Closing costs (5.0%) | $25,250 |
| Total cash to close | $126,250 |
| Income | |
| Rent (comp-derived) | $3,350$40,200 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,082$36,984 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $800$9,595 |
| Insurance (placeholder 0.8% of price) | $337$4,040 |
| HOA dues | $1,314$15,768 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $168$2,010 |
| Total operating expenses | $2,618$31,413 |
| 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) | $168$2,010 |
| 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 | 3 | 1,520 | $6,000 | 2026-06-29 | — | |
| townhomes | 3 | 2 | 1,579 | $2,900 | 2026-05-29 | — | |
| townhomes | 3 | 3 | 1,365 | $3,700 | 2026-05-18 | — | |
| townhomes | 3 | 3 | 1,365 | $3,000 | — | — |
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 |
|---|---|---|---|---|---|---|
| 19220 NE 25th Ave Unit 271B | townhomes | 3 | 3 | 1,688 | $400,000 | 2026-07-16 |
| 20200 W Country Club Dr Apt 112 | townhomes | 3 | 3 | 1,330 | $350,000 | 2026-07-13 |
| 3525 Magellan Cir Apt 626 | townhomes | 3 | 3 | 1,707 | $720,000 | 2026-07-08 |
| 20350 W Country Club Dr Apt 123 | townhomes | 3 | 3 | 1,330 | $312,500 | 2026-06-15 |
| 20350 W Country Club Dr Unit 120-4 | townhomes | 3 | 3 | 1,330 | $270,000 | 2026-06-10 |
| 21160 Mainsail Cir Apt H12 | townhomes | 3 | 3 | 1,520 | $625,000 | 2026-06-10 |
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 |
|---|---|---|---|---|---|---|
| 2558 NE 206th Ter | single_family | 3 | 3 | 2,053 | $1,269,000 | — |
| 20950 NE 25th Ct | single_family | 3 | 2 | 1,800 | $1,790,000 | — |
| 2450 NE 209th Ter | single_family | 3 | 3 | 1,609 | $1,345,000 | — |
| 2535 NE 193rd St Unit 3104 | condos | 3 | 3 | 1,275 | $465,000 | — |
| 2505 NE 193rd St Unit 4108 | condo_townhome_rowhome_coop | 3 | 3 | 1,309 | $495,000 | — |
| 2501 NE 209th Ter | single_family | 3 | 2 | 1,375 | $1,350,000 | — |
| 19440 NE 26th Ave Unit 52B | townhomes | 3 | 3 | 1,688 | $480,000 | — |
| 19220 NE 25th Ave Unit 274B | townhomes | 3 | 3 | 1,688 | $488,180 | — |
10-year hold projection
IRR-4.5%
Equity multiple0.25x
Total return (10yr)-$28,197
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $520,150 | $5,571 | -$27,594 | $399,620 | $120,530 |
| 2 | $535,755 | $5,895 | -$27,320 | $394,939 | $140,816 |
| 3 | $551,827 | $6,233 | -$27,033 | $389,936 | $161,891 |
| 4 | $568,382 | $6,585 | -$26,734 | $384,590 | $183,792 |
| 5 | $585,433 | $6,952 | -$26,421 | $378,877 | $206,556 |
| 6 | $602,996 | $7,334 | -$26,095 | $372,772 | $230,225 |
| 7 | $621,086 | $7,731 | -$25,754 | $366,247 | $254,839 |
| 8 | $639,719 | $8,145 | -$25,398 | $359,274 | $280,445 |
| 9 | $658,910 | $8,577 | -$25,027 | $351,823 | $307,088 |
| 10 | $678,678 | $9,025 | -$24,640 | $343,859 | $334,818 |
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.