19901 NE 21st Ave

Miami, FL 33179 · single_family · For Sale · 114 days on market
Asking price$1,850,000
4 beds 3 baths 2,654 sqft
Suggested offer$1,008,838$841,162 above the est. market value of $1,008,838.
View on Realtor.com →
Listed by Daniel Robinson · Houwzer LLC
Typesingle_family
Built1962
Price / sqft$697
Est. value (own analysis)$1,008,838
Rent estimate (own analysis)$5,250/mo
HOANone
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-05-11
Removed date
MLSMiamiMLS #A12016890
Coordinates25.95965, -80.15918
Address19901 NE 21st Ave
CityMiami
StateFL
Zip33179
Listing ID5571105986
Sourceus-real-estate-listings, cached 2026-08-25

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)

Purchase price$1,850,000
Down payment (20.0%)$370,000
Loan amount$1,480,000
Closing costs (5.0%)$92,500
Total cash to close$462,500
Rent (comp-derived)$5,250$63,000
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$63,000
Vacancy rate (assumption) assumption8.0%

$63,000 × 8.0% = $5,040

Effective gross income$4,830$57,960
Property tax (placeholder 1.9% of price)$2,929$35,150
Insurance (placeholder 0.8% of price)$1,233$14,800
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$263$3,150
Total operating expenses$4,425$53,100
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$57,960
Total operating expenses derived$53,100

$57,960 − $53,100 = $4,860

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$1,480,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$1,480,000 amortized at 6.7% over 30 years = $9,511/mo

CapEx reserve (5.0% of GSR)$263$3,150
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$4,860
Annual debt service derived$114,131
Annual CapEx reserve assumption$3,150
Annual PMI assumption$0

($4,860 − $114,131 − $3,150 − $0) ÷ 12 = -$9,368

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$4,860
Purchase price data$1,850,000

$4,860 ÷ $1,850,000 = 0.3%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$112,421
Total cash to close derived$462,500

-$112,421 ÷ $462,500 = -24.3%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$4,860
Annual debt service derived$114,131

$4,860 ÷ $114,131 = 0.04

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$63,000
Purchase price data$1,850,000

($63,000 ÷ 12) ÷ $1,850,000 = 0.3%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$1,850,000
Gross scheduled rent (annual) comp$63,000

$1,850,000 ÷ $63,000 = 29.4

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$53,100
Effective gross income derived$57,960

$53,100 ÷ $57,960 = 91.6%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$53,100
Annual debt service derived$114,131
Annual PMI assumption$0
Gross scheduled rent (annual) comp$63,000

($53,100 + $114,131 + $0) ÷ $63,000 = 265.4%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family432,223$4,4002026-08-20
single_family442,361$6,0002026-08-19
single_family421,953$3,6002026-08-14
single_family422,233$3,9002026-08-10
single_family431,974$3,5502026-07-08
single_family431,899$4,2002026-07-02
single_family432,752$10,7002026-06-24
single_family432,043$5,9952026-06-17
single_family432,318$6,0002026-06-12
single_family432,105$4,8002026-05-27
single_family431,912$3,7502026-08-04
single_family421,893$3,560
single_family432,318$6,0002026-04-23
single_family432,524$5,250
single_family432,052$9,7502026-06-12
single_family442,094$6,5002026-04-14
single_family442,654$5,300

731 NE 193rd St Unit 731

Miami, 33179 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage2,223
Listed2026-08-20
Days on market

Asking rent: $4,400

View on Zillow →

668 NE 191st St Unit 0

Miami, 33179 · rent comp

Bedrooms / bathrooms4 bd / 4 ba
Square footage2,361
Listed2026-08-19
Days on market

Asking rent: $6,000

View on Zillow →

1260 NE 200th Ter

Miami, 33179 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,953
Listed2026-08-14
Days on market

Asking rent: $3,600

View on Zillow →

1161 NE 202nd St

Miami, 33179 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage2,233
Listed2026-08-10
Days on market

Asking rent: $3,900

View on Zillow →

1331 NE 211th St

Miami, 33179 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,974
Listed2026-07-08
Days on market

Asking rent: $3,550

View on Zillow →

925 NE 207th Ter Unit 0

Miami, 33179 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,899
Listed2026-07-02
Days on market

Asking rent: $4,200

View on Zillow →

21303 NE 18th Pl

Miami, 33179 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage2,752
Listed2026-06-24
Days on market

Asking rent: $10,700

View on Zillow →

2120 NE 207th St

Miami, 33179 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage2,043
Listed2026-06-17
Days on market

Asking rent: $5,995

View on Zillow →

612 NE 193rd St

Miami, 33179 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage2,318
Listed2026-06-12
Days on market

Asking rent: $6,000

View on Zillow →

650 NE 191st Ter

Miami, 33179 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage2,105
Listed2026-05-27
Days on market

Asking rent: $4,800

View on Zillow →

1001 NE 208th St

Miami, 33179 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,912
Listed2026-08-04
Days on market

Asking rent: $3,750

View on Zillow →

20772 NE 2nd Ct

Miami, 33179 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,893
Listed
Days on market

Asking rent: $3,560

View on Zillow →

19278 NE 6th Ave

Miami, 33179 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage2,318
Listed2026-04-23
Days on market

Asking rent: $6,000

View on Zillow →

965 NE 193rd Ter # 965

Miami, 33179 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage2,524
Listed
Days on market

Asking rent: $5,250

View on Zillow →

1951 NE 187th Dr

North Miami Beach, 33179 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage2,052
Listed2026-06-12
Days on market

Asking rent: $9,750

View on Zillow →

18361 NE 20th Pl Unit 18361

North Miami Beach, 33179 · rent comp

Bedrooms / bathrooms4 bd / 4 ba
Square footage2,094
Listed2026-04-14
Days on market

Asking rent: $6,500

View on Zillow →

21016 NE 2nd Ct

Miami, 33179 · rent comp

Bedrooms / bathrooms4 bd / 4 ba
Square footage2,654
Listed
Days on market

Asking rent: $5,300

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
19329 NE 8th Ctsingle_family432,223$850,0002026-08-28
1890 NE 211th Tersingle_family432,148$1,365,0002026-08-25
1111 NE 200th Tersingle_family432,103$656,0002026-08-12
1271 NE 211th Stsingle_family421,673$475,0002026-08-12
21304 NE 19th Ctsingle_family432,148$1,000,0002026-08-11
2101 NE 211th Tersingle_family443,006$1,535,0002026-08-04
1900 NE 210th Stsingle_family442,506$1,175,0002026-08-03
1850 NE 197th Tersingle_family432,556$1,850,0002026-07-08
2011 NE 211th Tersingle_family432,811$1,450,0002026-06-29
1980 NE 185th Tersingle_family432,289$940,0002026-06-16
1240 NE 214th Stsingle_family421,708$485,0002026-06-10
19720 NE 10th Ctsingle_family431,908$550,0002026-06-08
1915 NE 208th Tersingle_family453,006$1,045,0002026-06-02
1951 NE 194th Drsingle_family432,637$1,250,0002026-06-01
678 NE 191st Tersingle_family432,105$669,0002026-05-19
1880 NE 206th Tersingle_family432,422$1,150,0002026-05-15
1846 NE 211th Lnsingle_family422,484$1,340,0002026-05-13
2180 NE 190th Tersingle_family452,422$1,650,0002026-04-28
704 NE 193rd Stsingle_family422,223$720,0002026-04-27
1300 NE 215th Stsingle_family421,305$493,0002026-04-24
933 NE 191st Stsingle_family432,223$840,0002026-04-23
105 NE 213th Stsingle_family432,031$699,0002026-04-21
19930 NE 20th Ctsingle_family432,300$1,275,0002026-04-20
1920 NE 206th Tersingle_family422,290$950,0002026-04-15
19321 NE 19th Avesingle_family432,073$850,0002026-04-15
865 NE 208th Tersingle_family432,897$775,0002026-04-13
1981 NE 196th Tersingle_family432,358$1,950,0002026-04-09
18441 NE 21st Avesingle_family432,111$640,0002026-04-03
19732 NE 12th Plsingle_family421,668$620,0002026-03-18
21440 Highland Lakes Blvdsingle_family43$1,880,0002026-03-17
1355 NE 200th Tersingle_family422,140$420,0002026-03-16
1420 North Drsingle_family421,658$480,0002026-03-16
2100 NE 211th Tersingle_family422,646$1,415,0002026-03-11
2180 NE 197th Tersingle_family432,099$1,250,0002026-03-05
674 NE 191st Tersingle_family432,156$750,0002026-02-27
19461 NE 22nd Rdsingle_family432,598$1,320,0002026-02-27
1011 NE 196th Stsingle_family421,280$562,0002026-02-20
20550 NE 8th Ctsingle_family431,649$700,0002026-02-19
2060 NE 198th Tersingle_family452,943$2,420,0002026-02-18
19111 NE 8th Ctsingle_family432,361$820,0002026-02-12
706 NE 191st Tersingle_family432,156$720,0002026-01-28
19001 NE 20th Avesingle_family432,480$870,0002026-01-27
20605 NE 19th Ctsingle_family421,865$800,0002026-01-15
6401679742single_family43$760,0002026-01-09
20035 NE 14th Ctsingle_family422,598$572,0002026-01-05
1181 NE 202nd Stsingle_family431,986$725,0002025-12-30
242 NE 199th Tersingle_family433,093$610,0002025-12-24
20430 NE 20th Ctsingle_family432,395$850,0002025-12-24
566 NE 191st Tersingle_family432,223$1,036,0002025-12-18
20014 NE 6th Court Cirsingle_family432,009$575,0002025-12-08

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
21141 NE 21st Ctsingle_family432,859$1,749,000
30 NE 193rd Tersingle_family431,685$634,900
19656 NE 14th Ctsingle_family443,600$2,751,965
19522 NE 17th Avesingle_family442,847$1,985,000
1298 NE 199th Stsingle_family421,614$680,000
1970 NE 198th Tersingle_family432,545$1,550,000
20636 NE 5th Pltownhomes442,086$675,000
20120 Highland Lakes Blvdsingle_family432,020$1,200,000

10-year hold projection

IRR-6.3%
Equity multiple-0.06x
Total return (10yr)-$250,485
YearProperty valueNOICash flowLoan balanceEquity
1$1,905,500$4,860-$112,421$1,463,953$441,547
2$1,962,665$5,271-$112,088$1,446,805$515,860
3$2,021,545$5,702-$111,738$1,428,479$593,066
4$2,082,191$6,152-$111,371$1,408,895$673,297
5$2,144,657$6,622-$110,986$1,387,965$756,692
6$2,208,997$7,114-$110,581$1,365,598$843,398
7$2,275,267$7,628-$110,156$1,341,696$933,571
8$2,343,525$8,164-$109,711$1,316,152$1,027,373
9$2,413,830$8,725-$109,244$1,288,854$1,124,977
10$2,486,245$9,310-$108,754$1,259,681$1,226,564
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.