19200 SW 216th St

Miami, FL 33170 · single_family · For Sale · 30 days on market
Asking price$1,100,000
4 beds 6 baths 2,696 sqft
Suggested offer$915,157$184,843 above the est. market value of $915,157.
View on Realtor.com →
Listed by Alex Estevez · Equinox Real Estate Group Inc
Typesingle_family
Built1988
Price / sqft$408
Est. value (own analysis)$915,157
Rent estimate (own analysis)$4,750/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood6/10major$Wildfire3/10ModerateAir2/10Minor
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Neighborhood

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Statusfor_sale
Listed date2026-08-03
Removed date
MLSMiamiMLS #A12048911
Coordinates25.56427, -80.50305
Address19200 SW 216th St
CityMiami
StateFL
Zip33170
Listing ID5545473315
Sourceus-real-estate-listings, cached 2026-09-01

ZIP market snapshot (33170)

Typical home value (ZHVI)$572,990
Typical rent (ZORI)$2,406/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$1,100,000
Down payment (20.0%)$220,000
Loan amount$880,000
Closing costs (5.0%)$55,000
Total cash to close$275,000
Rent (comp-derived)$4,750$57,000
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$57,000
Vacancy rate (assumption) assumption8.0%

$57,000 × 8.0% = $4,560

Effective gross income$4,370$52,440
Property tax (placeholder 1.9% of price)$1,742$20,900
Insurance (est. scaled by flood & wind risk)$1,283$15,400
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$238$2,850
Total operating expenses$3,263$39,150
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$52,440
Total operating expenses derived$39,150

$52,440 − $39,150 = $13,290

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$880,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$880,000 amortized at 6.7% over 30 years = $5,655/mo

CapEx reserve (5.0% of GSR)$238$2,850
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$13,290
Annual debt service derived$67,861
Annual CapEx reserve assumption$2,850
Annual PMI assumption$0

($13,290 − $67,861 − $2,850 − $0) ÷ 12 = -$4,785

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$13,290
Purchase price data$1,100,000

$13,290 ÷ $1,100,000 = 1.2%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$57,421
Total cash to close derived$275,000

-$57,421 ÷ $275,000 = -20.9%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$13,290
Annual debt service derived$67,861

$13,290 ÷ $67,861 = 0.20

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$57,000
Purchase price data$1,100,000

($57,000 ÷ 12) ÷ $1,100,000 = 0.4%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$1,100,000
Gross scheduled rent (annual) comp$57,000

$1,100,000 ÷ $57,000 = 19.3

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$39,150
Effective gross income derived$52,440

$39,150 ÷ $52,440 = 74.7%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$39,150
Annual debt service derived$67,861
Annual PMI assumption$0
Gross scheduled rent (annual) comp$57,000

($39,150 + $67,861 + $0) ÷ $57,000 = 187.7%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family432,814$4,5002026-07-08
single_family433,134$12,5002026-05-26
single_family432,586$4,4002026-03-13
single_family432,198$10,5002026-01-27
single_family431,876$3,500
single_family432,598$5,000

13250 SW 224th St

Miami, 33170 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage2,814
Listed2026-07-08
Days on market

Asking rent: $4,500

View on Zillow →

18321 SW 224th St Unit 0

Miami, 33170 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage3,134
Listed2026-05-26
Days on market

Asking rent: $12,500

View on Zillow →

11998 SW 232nd St

Miami, 33170 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage2,586
Listed2026-03-13
Days on market

Asking rent: $4,400

View on Zillow →

20000 SW 216th St

Miami, 33170 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage2,198
Listed2026-01-27
Days on market

Asking rent: $10,500

View on Zillow →

22340 SW 115th Ave

Goulds, 33170 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,876
Listed
Days on market

Asking rent: $3,500

View on Zillow →

12908 SW 229th St

Miami, 33170 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage2,598
Listed
Days on market

Asking rent: $5,000

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
21965 SW 125th Avesingle_family421,592$700,0002026-08-19
11001 SW 218th Tersingle_family421,710$590,0002026-08-14
11075 SW 221st Tersingle_family421,425$435,0002026-08-03
22712 SW 113th Plsingle_family421,200$515,0002026-07-28
13282 SW 227th Stsingle_family432,070$780,0002026-07-23
21717 SW 129th Avesingle_family432,092$700,0002026-07-16
22903 SW 113th Pathsingle_family421,804$585,0002026-07-14
12418 SW 230th Stsingle_family431,827$505,0002026-06-30
22905 SW 123 Avesingle_family43$750,0002026-06-30
22301 SW 127th Plsingle_family422,009$575,0002026-06-24
22262 SW 123rd Drsingle_family421,665$850,0002026-06-05
22722 SW 114th Plsingle_family42$539,0002026-06-01
22330 SW 112th Avesingle_family421,280$405,0002026-06-01
18360 SW 224th Stsingle_family444,232$1,100,0002026-05-18
21320 SW 224th Stsingle_family422,698$1,450,0002026-05-11
12758 SW 221st Tersingle_family421,616$685,0002026-05-05
22534 SW 114th Plsingle_family421,536$539,0002026-05-04
12941 SW 229th Stsingle_family431,904$609,9002026-04-28
13135 SW 218th Tersingle_family432,106$825,0002026-04-28
11846 SW 228th Lnsingle_family421,625$560,0002026-04-21
22065 Miami Avesingle_family421,652$610,0002026-04-10
21801 SW 202nd Avesingle_family423,494$1,350,0002026-04-01
13261 SW 216th Tersingle_family422,095$772,0002026-03-30
11799 Bailes Rdsingle_family433,263$745,0002026-03-30
11740 SW 222nd Stsingle_family421,520$450,0002026-03-30
13203 SW 228th Stsingle_family442,603$1,082,5002026-03-27
11750 SW 222nd Stsingle_family431,990$385,0002026-03-27
11442 SW 225th Stsingle_family421,200$490,0002026-03-27
22932 SW 113th Plsingle_family421,867$554,9002026-03-20
13225 SW 218th Tersingle_family421,633$665,0002026-03-18
22991 SW 115th Avesingle_family442,530$620,0002026-03-17
22900 SW 172nd Avesingle_family432,347$750,0002026-03-11
12801 SW 223rd Stsingle_family422,275$920,0002026-03-11
12661 SW 222nd Tersingle_family421,649$650,0002026-03-10
12856 SW 227th Stsingle_family442,620$762,0002026-03-09
12865 SW 224th Stsingle_family432,653$880,0002026-03-06
22880 SW 122nd Plsingle_family421,700$650,0002026-03-03
21320 SW 232nd Stsingle_family432,638$1,225,0002026-03-02
12948 SW 229th Stsingle_family443,139$500,0002026-02-28
12650 SW 218th Stsingle_family421,589$589,0002026-02-27
22719 SW 131st Avesingle_family432,560$798,0002026-02-27
11121 SW 225th Tersingle_family432,107$600,0002026-02-17
10829 SW 232nd Stsingle_family432,619$639,0002026-02-17
22676 SW 131st Plsingle_family443,139$799,0002026-02-13
23099 SW 118th Avesingle_family421,589$500,0002026-02-09
10925 SW 218th Tersingle_family432,009$650,0002026-02-02
12996 SW 218th Tersingle_family432,585$890,0002026-02-02
21620 SW 112th Avesingle_family421,956$1,500,0002026-01-21
12800 SW 222nd Stsingle_family421,949$766,0002026-01-20
22788 SW 128th Plsingle_family432,247$600,0002026-01-15

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
11815 SW 222nd Stsingle_family432,114$649,000
18725 SW 218th Stsingle_family432,399$1,550,999
SW 132nd Avenue and SW 223rd Streettownhomes431,912$582,990
22644 SW 109th Pathsingle_family432,484$649,900
10860 SW 217th Tersingle_family432,417$879,900
23010 SW 114th Pathsingle_family442,224$670,000
23061 SW 114th Pathsingle_family432,187$658,000
23033 SW 119th Avesingle_family44$699,990

10-year hold projection

IRR-4.0%
Equity multiple0.34x
Total return (10yr)-$38,682
YearProperty valueNOICash flowLoan balanceEquity
1$1,133,000$13,290-$57,421$870,459$262,541
2$1,166,990$13,884-$56,898$860,262$306,728
3$1,202,000$14,502-$56,354$849,366$352,634
4$1,238,060$15,142-$55,788$837,721$400,339
5$1,275,201$15,807-$55,200$825,276$449,925
6$1,313,458$16,498-$54,588$811,977$501,480
7$1,352,861$17,214-$53,952$797,765$555,096
8$1,393,447$17,958-$53,292$782,576$610,871
9$1,435,251$18,729-$52,605$766,345$668,905
10$1,478,308$19,529-$51,891$748,999$729,309
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.