2450 NE 209th Ter
Miami, FL 33180 · single_family · For Sale · 64 days on market
Asking price$1,345,000
3 beds 3 baths 1,609 sqft
Suggested offer$873,837$471,163 above the est. market value of $873,837.
View on Realtor.com →Listed by Daniel Mas · COMPASS
Typesingle_family
Built1958
Price / sqft$836
Est. value (own analysis)$873,837
Rent estimate (own analysis)$5,375/mo
HOANone
1 / 19
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Statusfor_sale
Listed date2026-06-30
Removed date—
MLSMiamiMLS #A12043257
Coordinates25.96894, -80.15251
Address2450 NE 209th Ter
CityMiami
StateFL
Zip33180
Listing ID5598720049
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)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $1,345,000 |
| Down payment (20.0%) | $269,000 |
| Loan amount | $1,076,000 |
| Closing costs (5.0%) | $67,250 |
| Total cash to close | $336,250 |
| Income | |
| Rent (comp-derived) | $5,375$64,500 |
| Vacancy loss (8.0%) | |
| Effective gross income | $4,945$59,340 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,130$25,555 |
| Insurance (placeholder 0.8% of price) | $897$10,760 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $269$3,225 |
| Total operating expenses | $3,295$39,540 |
| 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) | $269$3,225 |
| 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 |
|---|---|---|---|---|---|---|---|
| single_family | 3 | 3 | 2,053 | $7,500 | 2026-06-03 | — | |
| single_family | 3 | 2 | 1,276 | $4,300 | 2026-06-01 | — | |
| single_family | 3 | 2 | 1,987 | $10,000 | 2026-02-09 | — | |
| single_family | 3 | 3 | 2,115 | $9,500 | 2025-05-06 | — | |
| single_family | 3 | 3 | 2,038 | $6,450 | 2026-06-18 | — | |
| single_family | 3 | 2 | 1,380 | $3,000 | — | — | |
| single_family | 3 | 3 | 1,365 | $3,850 | — | — | |
| single_family | 3 | 3 | 1,714 | $6,500 | — | — | |
| single_family | 3 | 2 | 1,181 | $2,950 | — | — | |
| single_family | 3 | 2 | 1,143 | $3,400 | — | — |
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.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 21140 NE 26th Ave | single_family | 3 | 2 | 1,395 | $710,000 | 2026-08-18 |
| 3699 NE 208th Ter | single_family | 3 | 3 | 2,740 | $1,770,000 | 2026-08-17 |
| 20740 NE 32nd Pl | single_family | 3 | 3 | 2,392 | $1,475,000 | 2026-07-29 |
| 3710 NE 208th Ter | single_family | 3 | 3 | 2,740 | $1,800,000 | 2026-07-06 |
| 21012 NE 34th Ct | single_family | 3 | 3 | 1,780 | $925,000 | 2026-06-24 |
| 19651 NE 22nd Ave | single_family | 3 | 3 | 2,429 | $1,625,000 | 2026-06-02 |
| 3525 Magellan Cir | single_family | 3 | 3 | 1,723 | $665,000 | 2026-05-05 |
| 20820 NE 30th Pl | single_family | 3 | 3 | 2,494 | $1,260,000 | 2026-05-01 |
| 3015 NE 208th St | single_family | 3 | 2 | 2,330 | $1,300,200 | 2026-04-24 |
| 2350 NE 194th St | single_family | 3 | 3 | 1,769 | $1,450,000 | 2026-04-10 |
| 2632 NE 214th St | single_family | 3 | 2 | 1,139 | $422,500 | 2026-03-23 |
| 2811 NE 185th St | single_family | 3 | 2 | 1,481 | $490,000 | 2026-03-20 |
| 2628 NE 214th St | single_family | 3 | 1 | 905 | $304,000 | 2026-03-13 |
| 2555 NE 207th Ter | single_family | 3 | 2 | 1,385 | $400,000 | 2026-02-26 |
| 2255 NE 207th St | single_family | 3 | 2 | 2,151 | $1,350,000 | 2026-02-25 |
| 3024 NE 210th St | single_family | 3 | 3 | 2,315 | $1,414,250 | 2026-02-20 |
| 2371 NE 193rd St | single_family | 3 | 3 | 2,198 | $1,182,000 | 2026-02-19 |
| 3172 NE 211th St | single_family | 3 | 3 | 2,540 | $1,400,000 | 2026-02-05 |
| 21130 NE 26th Ave | single_family | 3 | 2 | 1,425 | $540,000 | 2026-01-28 |
| 21120 NE 25th Ct | single_family | 3 | 2 | 1,625 | $900,000 | 2026-01-08 |
| 20130 NE 25th Ct | single_family | 3 | 2 | 1,610 | $948,000 | 2025-12-26 |
| 21330 NE 25th Ct | single_family | 3 | 3 | 2,669 | $1,120,000 | 2025-10-16 |
| 2350 NE 193rd St | single_family | 3 | 2 | 1,809 | $1,800,000 | 2025-10-14 |
| 21025 NE 31st Ave | single_family | 3 | 2 | 2,246 | $1,010,000 | 2025-09-30 |
| 2505 NE 214th St | single_family | 3 | 2 | 1,694 | $920,000 | 2025-09-19 |
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.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 2558 NE 206th Ter | single_family | 3 | 3 | 2,053 | $1,269,000 | — |
| 20950 NE 25th Ct | single_family | 3 | 2 | 1,800 | $1,790,000 | — |
| 2535 NE 193rd St Unit 3104 | condos | 3 | 3 | 1,275 | $465,000 | — |
| 2505 NE 193rd St Unit 4108 | condo_townhome_rowhome_coop | 3 | 3 | 1,309 | $495,000 | — |
| 2501 NE 209th Ter | single_family | 3 | 2 | 1,375 | $1,350,000 | — |
| 19440 NE 26th Ave Unit 52B | townhomes | 3 | 3 | 1,688 | $480,000 | — |
| 19220 NE 25th Ave Unit 274B | townhomes | 3 | 3 | 1,688 | $488,180 | — |
| 2841 NE 185th St Apt 514 | townhomes | 3 | 2 | 1,450 | $505,000 | — |
10-year hold projection
IRR-3.3%
Equity multiple0.46x
Total return (10yr)-$5,860
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,385,350 | $19,800 | -$66,401 | $1,064,334 | $321,016 |
| 2 | $1,426,911 | $20,592 | -$65,690 | $1,051,866 | $375,044 |
| 3 | $1,469,718 | $21,412 | -$64,952 | $1,038,543 | $431,175 |
| 4 | $1,513,809 | $22,262 | -$64,187 | $1,024,304 | $489,505 |
| 5 | $1,559,224 | $23,143 | -$63,393 | $1,009,088 | $550,136 |
| 6 | $1,606,000 | $24,055 | -$62,569 | $992,827 | $613,174 |
| 7 | $1,654,180 | $25,001 | -$61,715 | $975,449 | $678,732 |
| 8 | $1,703,806 | $25,980 | -$60,829 | $956,878 | $746,928 |
| 9 | $1,754,920 | $26,994 | -$59,911 | $937,031 | $817,889 |
| 10 | $1,807,568 | $28,045 | -$58,958 | $915,822 | $891,746 |
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.