20201 E Country Club Dr Apt 1903

Aventura, FL 33180 · condos · For Sale · 301 days on market
Asking price$1,750,000
3 beds 4 baths 3,264 sqft
Suggested offer$1,366,669$383,331 above the est. market value of $1,366,669.
View on Realtor.com →
Listed by Barbara Serrano Negron · Florida Capital Realty
Typecondos
Built2004
Price / sqft$536
Est. value (own analysis)$1,366,669
Rent estimate (own analysis)$9,925/mo
HOA$3,102/mo
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Neighborhood

Show every detail
Statusfor_sale
Listed date2025-11-05
Removed date
MLSMiamiMLS #A11906789
Coordinates25.96494, -80.12522
Address20201 E Country Club Dr Apt 1903
CityAventura
StateFL
Zip33180
Listing ID5482581030
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)

Purchase price$1,750,000
Down payment (20.0%)$350,000
Loan amount$1,400,000
Closing costs (5.0%)$87,500
Total cash to close$437,500
Rent (comp-derived)$9,925$119,100
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$119,100
Vacancy rate (assumption) assumption8.0%

$119,100 × 8.0% = $9,528

Effective gross income$9,131$109,572
Property tax (placeholder 1.9% of price)$2,771$33,250
Insurance (placeholder 0.8% of price)$1,167$14,000
HOA dues$3,102$37,224
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$496$5,955
Total operating expenses$7,536$90,429
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$109,572
Total operating expenses derived$90,429

$109,572 − $90,429 = $19,143

Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing)

Monthly Principal & Interest

Standard amortization on the loan amount, at the effective rate and term

Loan amount derived$1,400,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$1,400,000 amortized at 6.7% over 30 years = $8,997/mo

CapEx reserve (5.0% of GSR)$496$5,955
Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%)$0$0
Cash flow

Monthly Cash Flow

(NOI − Annual Debt Service − Annual CapEx Reserve − Annual PMI) ÷ 12

NOI derived$19,143
Annual debt service derived$107,961
Annual CapEx reserve assumption$5,955
Annual PMI assumption$0

($19,143 − $107,961 − $5,955 − $0) ÷ 12 = -$7,898

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$19,143
Purchase price data$1,750,000

$19,143 ÷ $1,750,000 = 1.1%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$94,773
Total cash to close derived$437,500

-$94,773 ÷ $437,500 = -21.7%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$19,143
Annual debt service derived$107,961

$19,143 ÷ $107,961 = 0.18

Rent-to-price (1% rule)

Rent-to-Price (the "1% rule")

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$119,100
Purchase price data$1,750,000

($119,100 ÷ 12) ÷ $1,750,000 = 0.6%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$1,750,000
Gross scheduled rent (annual) comp$119,100

$1,750,000 ÷ $119,100 = 14.7

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$90,429
Effective gross income derived$109,572

$90,429 ÷ $109,572 = 82.5%

Break-even occupancy

Break-Even Occupancy

(Total OpEx + Annual Debt Service + Annual PMI) ÷ Gross Scheduled Rent

Total operating expenses derived$90,429
Annual debt service derived$107,961
Annual PMI assumption$0
Gross scheduled rent (annual) comp$119,100

($90,429 + $107,961 + $0) ÷ $119,100 = 166.6%

Comparables

Same ZIP. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
condos332,560$9,0002026-04-12
condos332,228$6,5002026-06-22
condos332,240$6,0002026-05-22
condos342,970$9,0002026-08-26
condos343,262$9,9002026-07-10
condos343,262$9,9952026-08-21
condos333,264$9,3002026-08-21
condos332,800$13,4002026-02-04
condos332,509$9,0002026-07-28
condos353,426$9,9502026-07-16
condos352,890$14,5002026-04-07
condos332,720$9,0002026-06-10
condos343,262$9,0002026-07-01
condos352,518$13,0002026-07-10
condos342,130$9,5002026-06-17
condos342,130$9,5002026-08-06
condos342,950$11,0002025-05-05
condos343,173$17,0002026-02-03
condos342,400$15,0002026-03-25
condos333,264$9,7002025-12-16
condos342,657$12,8002025-09-07
condos352,890$25,0002026-03-26
condos343,173$18,0002026-03-05
condos343,262$9,995

19707 Turnberry Way Apt TH6

Aventura, 33180 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage2,560
Listed2026-04-12
Days on market

Asking rent: $9,000

View on Zillow →

3330 NE 190th St Unit 114

Aventura, 33180 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage2,228
Listed2026-06-22
Days on market

Asking rent: $6,500

View on Zillow →

3801 NE 207th St Unit 10AS

Aventura, 33180 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage2,240
Listed2026-05-22
Days on market

Asking rent: $6,000

View on Zillow →

21050 Point Pl Unit 604

Aventura, 33180 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage2,970
Listed2026-08-26
Days on market

Asking rent: $9,000

View on Zillow →

20201 E Country Club Dr Apt 1502

Aventura, 33180 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage3,262
Listed2026-07-10
Days on market

Asking rent: $9,900

View on Zillow →

20201 E Country Club Dr Apt 1009

Aventura, 33180 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage3,262
Listed2026-08-21
Days on market

Asking rent: $9,995

View on Zillow →

20201 E Country Club Dr Apt 308

Aventura, 33180 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage3,264
Listed2026-08-21
Days on market

Asking rent: $9,300

View on Zillow →

20281 E Country Club Dr Apt 808

Aventura, 33180 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage2,800
Listed2026-02-04
Days on market

Asking rent: $13,400

View on Zillow →

2950 NE 188th St Apt 449

Aventura, 33180 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage2,509
Listed2026-07-28
Days on market

Asking rent: $9,000

View on Zillow →

19355 Turnberry Way Apt 25GR

Aventura, 33180 · rent comp

Bedrooms / bathrooms3 bd / 5 ba
Square footage3,426
Listed2026-07-16
Days on market

Asking rent: $9,950

View on Zillow →

19955 NE 38th Ct Apt 1002

Aventura, 33180 · rent comp

Bedrooms / bathrooms3 bd / 5 ba
Square footage2,890
Listed2026-04-07
Days on market

Asking rent: $14,500

View on Zillow →

21050 Point Pl Unit 702

Aventura, 33180 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage2,720
Listed2026-06-10
Days on market

Asking rent: $9,000

View on Zillow →

20201 E Country Club Dr Apt 2409

Aventura, 33180 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage3,262
Listed2026-07-01
Days on market

Asking rent: $9,000

View on Zillow →

3250 NE 188th St Apt 608

Aventura, 33180 · rent comp

Bedrooms / bathrooms3 bd / 5 ba
Square footage2,518
Listed2026-07-10
Days on market

Asking rent: $13,000

View on Zillow →

3370 Hidden Bay Dr Unit 1213

Aventura, 33180 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage2,130
Listed2026-06-17
Days on market

Asking rent: $9,500

View on Zillow →

3370 Hidden Bay Dr Unit 213

Aventura, 33180 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage2,130
Listed2026-08-06
Days on market

Asking rent: $9,500

View on Zillow →

20165 NE 39th Pl Apt 403

Aventura, 33180 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage2,950
Listed2025-05-05
Days on market

Asking rent: $11,000

View on Zillow →

21200 Point Pl Unit 403

Aventura, 33180 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage3,173
Listed2026-02-03
Days on market

Asking rent: $17,000

View on Zillow →

19955 NE 38th Ct Apt 701

Aventura, 33180 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage2,400
Listed2026-03-25
Days on market

Asking rent: $15,000

View on Zillow →

20201 E Country Club Dr Apt 903

Aventura, 33180 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage3,264
Listed2025-12-16
Days on market

Asking rent: $9,700

View on Zillow →

21200 Point Pl Unit 1102

Aventura, 33180 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage2,657
Listed2025-09-07
Days on market

Asking rent: $12,800

View on Zillow →

19955 NE 38th Ct Apt 2202

Aventura, 33180 · rent comp

Bedrooms / bathrooms3 bd / 5 ba
Square footage2,890
Listed2026-03-26
Days on market

Asking rent: $25,000

View on Zillow →

21200 Point Pl Ph 2804

Aventura, 33180 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage3,173
Listed2026-03-05
Days on market

Asking rent: $18,000

View on Zillow →

20201 E Country Club Dr # CU1009

Aventura, 33180 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage3,262
Listed
Days on market

Asking rent: $9,995

View on Zillow →

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
21205 Yacht Club Dr Apt 3003condos321,870$690,0002026-09-01
3598 Yacht Club Dr Apt 1003condos321,820$600,0002026-08-26
19500 Turnberry Way Apt 14Ccondos331,810$830,0002026-08-25
21200 Point Pl Unit 1403condos343,173$1,950,0002026-08-24
21050 Point Pl Unit 2601condos332,440$1,120,0002026-08-20
20185 E Country Club Dr Apt 1202condos331,950$625,0002026-08-19
20201 E Country Club Dr Apt 2303condos343,264$1,300,0002026-08-14
19195 NE 36th Ct Unit 1706condos331,722$635,0002026-08-10
21150 Point Pl Unit 701condos332,640$1,200,0002026-08-03
3250 NE 188th St Apt 402condos352,307$1,000,0002026-08-01
3500 Mystic Pointe Dr Apt 3701condos331,714$580,0002026-07-28
3370 Hidden Bay Dr Unit 2711condos332,720$1,285,0002026-07-24
20281 E Country Club Dr Apt 207condos332,080$580,0002026-07-23
21150 Point Pl Unit 2601condos332,640$1,195,0002026-07-22
3610 Yacht Club Dr Apt 1409condos321,406$490,0002026-07-20
20381 NE 30th Ave Unit 118-7condos321,380$280,0002026-07-15
19877 E Country Club Dr Unit 3408condos321,320$510,0002026-07-15
20225 NE 34th Ct Apt 917condos331,525$470,0002026-07-08
20200 W Country Club Dr Ph 20condos321,380$230,0002026-07-07
3598 Yacht Club Dr Apt 302condos321,820$550,0002026-07-01
19667 Turnberry Way Apt 5Jcondos332,360$717,5002026-06-25
21200 Point Pl Unit 1503condos343,173$2,000,0002026-06-22
21150 E Point Pl Unit 904condos342,750$1,200,0002026-06-18
20201 E Country Club Dr Apt 1808condos333,264$1,535,0002026-06-18
19925 NE 39th Pl Apt 404condos343,160$2,300,0002026-06-17
21205 Yacht Club Dr Apt 3001condos321,700$725,0002026-06-11
21150 Point Pl Ph 3105condos332,190$760,0002026-06-10
20381 NE 30th Ave Apt 220condos321,380$260,0002026-06-05
3330 NE 190th St Apt 2111condos331,720$915,0002026-06-01
20000 E Country Club Dr Apt 806condos331,580$700,0002026-06-01
21050 Point Pl Unit 2203condos332,690$1,000,0002026-05-29
2960 NE 207th St Unit 505condos331,487$730,0002026-05-27
3131 NE 188th St Unit 1-1001condos331,818$815,0002026-05-20
19925 NE 39th Pl Apt 603condos343,050$1,600,0002026-05-19
19900 E Country Club Dr Apt 1101condos331,600$700,0002026-05-18
21150 NE 38th Ave Apt 603condos342,750$989,0002026-05-12
19900 E Country Club Dr Apt 706condos331,500$540,0002026-05-08
19195 NE 36th Ct Unit 1506condos331,722$640,0002026-05-05
19101 NE Mystic Pointe Dr Unit 901condos331,694$965,0002026-05-01
3250 NE 188th St Apt 906condos352,398$1,230,0002026-04-30
21150 Point Pl Unit 703condos342,190$900,0002026-04-30
20381 NE 30th Ave Unit 410-7condos321,380$220,0002026-04-27
6653279851condos341,858$910,0002026-04-24
3530 Mystic Pointe Dr Apt 101condos331,694$820,0002026-04-17

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.

AddressTypeBedsBathsSqftAsking priceDays on market
2558 NE 206th Tersingle_family332,053$1,269,000
20950 NE 25th Ctsingle_family321,800$1,790,000
2450 NE 209th Tersingle_family331,609$1,345,000
2535 NE 193rd St Unit 3104condos331,275$465,000
2505 NE 193rd St Unit 4108condo_townhome_rowhome_coop331,309$495,000
2501 NE 209th Tersingle_family321,375$1,350,000
19440 NE 26th Ave Unit 52Btownhomes331,688$480,000
19220 NE 25th Ave Unit 274Btownhomes331,688$488,180

10-year hold projection

IRR-4.4%
Equity multiple0.26x
Total return (10yr)-$93,057
YearProperty valueNOICash flowLoan balanceEquity
1$1,802,500$19,143-$94,773$1,384,821$417,679
2$1,856,575$20,169-$93,896$1,368,599$487,976
3$1,912,272$21,238-$92,980$1,351,264$561,008
4$1,969,640$22,350-$92,024$1,332,738$636,902
5$2,028,730$23,508-$91,027$1,312,940$715,790
6$2,089,592$24,712-$89,987$1,291,782$797,809
7$2,152,279$25,965-$88,903$1,269,172$883,108
8$2,216,848$27,268-$87,772$1,245,008$971,839
9$2,283,353$28,624-$86,593$1,219,186$1,064,167
10$2,351,854$30,033-$85,365$1,191,590$1,160,264
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.
All figures are estimates for evaluation purposes only, not investment, tax, legal, or insurance advice. Property tax is estimated from a real matched tax bill or millage rate when available, a placeholder % of price otherwise; insurance is scaled by flood and wind risk where those are known and a flat percentage otherwise — never a real quote. Verify all of them, along with association restrictions and permit status, before committing capital. Rent estimates come from real comps or Zillow’s ZIP index, not appraisals.