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980 NE 212th Ter Unit 980-01

Miami, FL 33179 · single_family · Pending — under contract · 25 days on market
Asking price$333,000
3 beds 2 baths 1,090 sqft
View on Realtor.com →
Listed by Summer Dawn Kaiulani Orazietti · Momentum Luxury Real Estate, L
Typesingle_family
Built1995
Price / sqft$306
Est. value (own analysis)$401,720
Rent estimate (own analysis)$3,200/mo
HOA$374/mo
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-08-08
Removed date—
MLSBeachesMLS #B26062024
Coordinates25.97040, -80.18301
Address980 NE 212th Ter Unit 980-01
CityMiami
StateFL
Zip33179
Listing ID5543678252
Sourceus-real-estate-listings, cached 2026-09-02

ZIP market snapshot (33179)

Typical home value (ZHVI)$274,207
Typical rent (ZORI)$2,257/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$333,000
Down payment (20.0%)$66,600
Loan amount$266,400
Closing costs (5.0%)$16,650
Total cash to close$83,250
Income
Rent (comp-derived)$3,200$38,400
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$38,400
Vacancy rate (assumption) assumption8.0%

$38,400 × 8.0% = $3,072

Effective gross income$2,944$35,328
Operating expenses
Property tax (placeholder 1.9% of price)$527$6,327
Insurance (placeholder 0.8% of price)$222$2,664
HOA dues$374$4,488
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$160$1,920
Total operating expenses$1,283$15,399
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$35,328
Total operating expenses derived$15,399

$35,328 − $15,399 = $19,929

Debt service & reserves
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$266,400
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$266,400 amortized at 6.7% over 30 years = $1,712/mo

CapEx reserve (5.0% of GSR)$160$1,920
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$19,929
Annual debt service derived$20,544
Annual CapEx reserve assumption$1,920
Annual PMI assumption$0

($19,929 − $20,544 − $1,920 − $0) ÷ 12 = -$211

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$19,929
Purchase price data$333,000

$19,929 ÷ $333,000 = 6.0%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$2,535
Total cash to close derived$83,250

-$2,535 ÷ $83,250 = -3.0%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$19,929
Annual debt service derived$20,544

$19,929 ÷ $20,544 = 0.97

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$38,400
Purchase price data$333,000

($38,400 ÷ 12) ÷ $333,000 = 1.0%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$333,000
Gross scheduled rent (annual) comp$38,400

$333,000 ÷ $38,400 = 8.7

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$15,399
Effective gross income derived$35,328

$15,399 ÷ $35,328 = 43.6%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$15,399
Annual debt service derived$20,544
Annual PMI assumption$0
Gross scheduled rent (annual) comp$38,400

($15,399 + $20,544 + $0) ÷ $38,400 = 93.6%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family321,212$3,2002026-08-18—
single_family321,392$3,3002026-08-12—
single_family321,166$3,2002026-08-08—
single_family321,110$2,7992026-08-05—
single_family321,063$2,8952026-07-17—
single_family331,451$3,9902026-07-30—
single_family331,320$3,000——
single_family331,320$3,000——
single_family321,284$3,2002026-08-06—
single_family321,064$3,600——
single_family321,110$1,2502026-09-02—

1632 NE 183rd St

Miami, 33179 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,212
Listed2026-08-18
Days on market—

Asking rent: $3,200

View on Zillow →

19600 NE 1st Pl Unit 19600

Miami, 33179 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,392
Listed2026-08-12
Days on market—

Asking rent: $3,300

View on Zillow →

1240 NE 207th Ter

Miami, 33179 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,166
Listed2026-08-08
Days on market—

Asking rent: $3,200

View on Zillow →

120 NE 185th Ter Unit 120

Miami, 33179 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,110
Listed2026-08-05
Days on market—

Asking rent: $2,799

View on Zillow →

1250 NE 207th Ter

Miami, 33179 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,063
Listed2026-07-17
Days on market—

Asking rent: $2,895

View on Zillow →

21221 NE 3rd Ct

Miami, 33179 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,451
Listed2026-07-30
Days on market—

Asking rent: $3,990

View on Zillow →

20814 NE 5th Ct # 20814

Miami, 33179 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,320
Listed—
Days on market—

Asking rent: $3,000

View on Zillow →

21404 NE 3rd Path # 0

Miami, 33179 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,320
Listed—
Days on market—

Asking rent: $3,000

View on Zillow →

North Miami Beach, 33179 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,284
Listed2026-08-06
Days on market—

Asking rent: $3,200

View on Zillow →

18381 NE 20th Ave # 0

North Miami Beach, 33179 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,064
Listed—
Days on market—

Asking rent: $3,600

View on Zillow →

19611 NE Miami Ct

Miami, 33179 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,110
Listed2026-09-02
Days on market—

Asking rent: $1,250

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
2010 NE 196th Tersingle_family32—$1,600,0002026-09-01
1940 NE 186th Drsingle_family322,675$1,400,0002026-08-20
1010 NE 204th Tersingle_family332,149$650,1002026-08-13
20800 Highland Lakes Blvdsingle_family322,442$900,0002026-08-06
878 NE 191st Stsingle_family332,124$689,0002026-07-29
21490 Highland Lakes Blvdsingle_family321,845$2,060,0002026-07-27
20411 NE 7th Plsingle_family321,947$648,0002026-07-24
20515 Highland Lakes Blvdsingle_family321,774$775,0002026-07-24
20730 NE Miami Ctsingle_family321,364$495,0002026-07-22
19411 NE 19th Ctsingle_family321,725$825,0002026-07-15
1925 NE 208th Tersingle_family322,580$1,454,0002026-06-30
5638545970single_family321,781$555,0002026-06-26
18340 NE 20th Ctsingle_family311,466$670,0002026-06-26
1941 NE 186th Drsingle_family322,270$1,650,0002026-06-25
20141 NE 15th Avesingle_family321,772$485,0002026-06-25
1950 NE 195th Drsingle_family322,511$1,500,0002026-06-17
901 NE 191st Stsingle_family332,124$740,0002026-06-15
1220 NE 206th Stsingle_family321,166$549,0002026-06-11
772 NE 191st Tersingle_family331,936$605,0002026-05-27
723 NE 193rd Stsingle_family321,965$620,0002026-05-15
650 NE 193rd Tersingle_family321,808$710,0002026-05-11
1280 NE 211th Tersingle_family321,012$380,0002026-05-08
1915 NE 213th Tersingle_family322,354$1,350,0002026-05-06
220 NE 211th Stsingle_family331,854$505,0002026-05-05
21241 NE 2nd Avesingle_family321,519$495,0002026-05-02
20500 Highland Lakes Blvdsingle_family321,968$1,300,0002026-04-30
1011 NE 212th Tersingle_family321,166$495,0002026-04-27
221 NE 212th Stsingle_family331,449$465,0002026-04-24
21411 Highland Lakes Blvdsingle_family322,039$1,335,0002026-04-21
1201 NE 206th Stsingle_family321,232$360,0002026-04-17
100 NE 212th Tersingle_family321,364$479,9002026-04-13
20400 NE 14th Avesingle_family322,206$495,0002026-03-30
351 NE 211th Stsingle_family331,451$499,9952026-03-25
1140 NE 204th Stsingle_family321,735$580,0002026-03-23
19975 NE 10th Place Waysingle_family322,083$635,0002026-03-23
20610 NE 15th Ctsingle_family321,288$420,0002026-03-11
2069 NE 196th Tersingle_family331,900$1,250,0002026-03-11
19420 NE 19th Plsingle_family321,747$1,050,0002026-03-10
2000 NE 183rd Stsingle_family311,117$500,0002026-03-06
2055 NE 201st Tersingle_family332,774$1,465,0002026-03-05
1810 NE 193rd Stsingle_family323,118$1,225,0002026-02-11
21301 NE 20th Avesingle_family321,895$616,0002026-02-06
841 NE 205th Stsingle_family321,674$720,0002026-01-21
19822 NE 1st Avesingle_family321,050$474,0002026-01-09
1131 NE 211th Stsingle_family331,232$450,0002026-01-08
1930 NE 197th Tersingle_family321,820$985,0002025-12-30
1131 NE 211th Tersingle_family311,166$346,5002025-12-23
21211 NE 2nd Avesingle_family321,364$483,0002025-12-22
2155 NE Miami Gardens Drsingle_family332,002$715,0002025-12-22
115 NE 213th Stsingle_family321,373$507,0002025-12-19

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
929 NE 211th Stcondos331,320$475,000—
21015 NE 19th Ctsingle_family321,631$1,294,000—
243 NE 212th Tersingle_family331,854$489,500—
1047 NE 208th Sttownhomes331,743$450,000—
20310 NE 3rd Ct Apt 2condos321,185$259,999—
253 NE 211th Tersingle_family331,449$399,900—
20800 NE 8th Ct Unit 206-17condos321,125$285,000—
1133 NE 210th Tertownhomes331,469$430,000—

10-year hold projection

IRR8.9%
Equity multiple2.40x
Total return (10yr)$159,711
YearProperty valueNOICash flowLoan balanceEquity
1$342,990$19,929-$2,535$263,512$79,478
2$353,280$20,604-$1,908$260,425$92,855
3$363,878$21,301-$1,260$257,126$106,752
4$374,794$22,021-$590$253,601$121,193
5$386,038$22,764$102$249,834$136,205
6$397,619$23,532$816$245,808$151,812
7$409,548$24,325$1,555$241,505$168,043
8$421,834$25,144$2,319$236,907$184,927
9$434,489$25,990$3,107$231,993$202,496
10$447,524$26,864$3,922$226,742$220,782
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.