2941 NE 185th St Apt 1305
Miami, FL 33180 · townhomes · For Sale · 740 days on market
Asking price$320,000
1 beds 1 baths 859 sqft
Suggested offer$315,100$4,900 above the est. market value of $315,100.
View on Realtor.com →Listed by Steven K. · beycome.com
Typetownhomes
Built—
Price / sqft$373
Est. value (Realtor.com)$315,100
Rent estimate (Zillow ZIP avg)$3,210/mo
HOA$800/mo
Wind10/10Extreme$Heat10/10ExtremeFlood6/10major$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2024-08-23
Removed date—
MLSMiamiMLS #A11646776
Coordinates25.94756, -80.14194
Address2941 NE 185th St Apt 1305
CityMiami
StateFL
Zip33180
Listing ID5548579014
Sourcerealtor, cached 2026-08-21
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 | $320,000 |
| Down payment (20.0%) | $64,000 |
| Loan amount | $256,000 |
| Closing costs (5.0%) | $16,000 |
| Total cash to close | $80,000 |
| Income | |
| Rent (ZIP avg, ZORI — not bedroom-specific) | $3,210$38,520 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,953$35,439 |
| Operating expenses | |
| Property tax (real MLS tax bill, from Realtor Search) | $318$3,819 |
| Insurance (est. scaled by flood & wind risk) | $373$4,480 |
| HOA dues | $800$9,600 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $161$1,926 |
| Total operating expenses | $1,652$19,825 |
| 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) | $161$1,926 |
| 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 | 1 | 1 | 859 | $2,500 | 2026-04-10 | — |
Widened to any bedroom count in ZIP. 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 |
|---|---|---|---|---|---|---|
| 2991 NE 185th St Apt 1706 | townhomes | 4 | 3 | 1,481 | $535,000 | 2026-08-24 |
| 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 |
| 21204 Harbor Way Unit 122-12 | townhomes | 2 | 3 | 1,250 | $475,000 | 2026-07-01 |
| 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 |
| 21399 Marina Cove Cir Apt 14 | townhomes | 4 | 4 | 2,700 | $750,000 | 2026-06-09 |
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 |
|---|---|---|---|---|---|---|
| 18550 NE 23rd Ct Unit 302 | condos | 1 | 1 | 611 | $591,186 | — |
| 18550 NE 23rd Ct Unit 201 | condos | 1 | 1 | 466 | $476,091 | — |
| 18550 NE 23rd Ct Unit 205 | condos | 1 | 1 | 465 | $463,950 | — |
| 19380 NE 26th Ave Unit 304 | condos | 1 | 1 | — | $348,000 | — |
| 2961 NE 185th St Apt 1609 | condos | 1 | 1 | 859 | $265,000 | — |
| 19380 NE 26th Ave Unit 205 | condos | 1 | 1 | 964 | $378,000 | — |
| 3625 N Country Club Dr Ph 5 | condos | 1 | 2 | 755 | $299,900 | — |
| 3401 N Country Club Dr Unit EI403 | condos | 1 | 2 | 741 | $179,500 | — |
10-year hold projection
IRR5.6%
Equity multiple1.89x
Total return (10yr)$113,325
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $329,600 | $15,614 | -$6,054 | $253,224 | $76,376 |
| 2 | $339,488 | $16,181 | -$5,535 | $250,258 | $89,230 |
| 3 | $349,673 | $16,768 | -$4,997 | $247,088 | $102,584 |
| 4 | $360,163 | $17,375 | -$4,440 | $243,701 | $116,462 |
| 5 | $370,968 | $18,003 | -$3,864 | $240,081 | $130,887 |
| 6 | $382,097 | $18,653 | -$3,268 | $236,212 | $145,885 |
| 7 | $393,560 | $19,325 | -$2,651 | $232,078 | $161,482 |
| 8 | $405,366 | $20,019 | -$2,012 | $227,659 | $177,707 |
| 9 | $417,527 | $20,738 | -$1,351 | $222,938 | $194,590 |
| 10 | $430,053 | $21,481 | -$666 | $217,892 | $212,162 |
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.