2511 NE 209th Ter
Miami, FL 33180 · single_family · For Sale · 175 days on market
Asking price$2,150,000
4 beds 5 baths 2,150 sqft
Suggested offer$1,280,686$869,314 above the est. market value of $1,280,686.
View on Realtor.com →Listed by Nisim Korkus · Highlight Realty Corp/Lw
Typesingle_family
Built1958
Price / sqft$1000
Est. value (own analysis)$1,280,686
Rent estimate (own analysis)$9,745/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood6/10major$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-03-11
Removed date—
MLSBeachesMLS #R11136507
Coordinates25.96944, -80.15148
Address2511 NE 209th Ter
CityMiami
StateFL
Zip33180
Listing ID5613440097
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 | $2,150,000 |
| Down payment (20.0%) | $430,000 |
| Loan amount | $1,720,000 |
| Closing costs (5.0%) | $107,500 |
| Total cash to close | $537,500 |
| Income | |
| Rent (comp-derived) | $9,745$116,934 |
| Vacancy loss (8.0%) | |
| Effective gross income | $8,965$107,579 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $3,404$40,850 |
| Insurance (est. scaled by flood & wind risk) | $2,508$30,100 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $487$5,847 |
| Total operating expenses | $6,400$76,797 |
| 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) | $487$5,847 |
| 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 | 4 | 2 | 1,682 | $4,350 | — | — | |
| single_family | 4 | 2 | 2,000 | $4,500 | 2026-07-22 | — | |
| single_family | 4 | 5 | 2,518 | $12,000 | 2026-07-08 | — | |
| single_family | 4 | 3 | 2,747 | $10,250 | 2026-07-06 | — | |
| single_family | 4 | 3 | 2,502 | $11,500 | 2026-08-04 | — | |
| single_family | 4 | 3 | 2,768 | $9,000 | 2026-07-27 | — | |
| single_family | 4 | 3 | 2,159 | $15,000 | 2025-09-20 | — | |
| single_family | 4 | 2 | 1,905 | $9,499 | 2025-02-02 | — | |
| single_family | 4 | 4 | 2,406 | $6,700 | — | — | |
| single_family | 4 | 3 | 2,406 | $6,700 | — | — | |
| single_family | 4 | 2 | 1,950 | $5,100 | 2026-06-26 | — | |
| single_family | 4 | 4 | 2,719 | $13,000 | 2026-07-27 | — | |
| single_family | 4 | 4 | 2,842 | $13,000 | 2026-06-11 | — | |
| single_family | 4 | 4 | 2,248 | $9,990 | 2026-09-01 | — |
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 |
|---|---|---|---|---|---|---|
| 2370 NE 195th St | single_family | 4 | 3 | 2,316 | $1,880,000 | 2026-07-31 |
| 20990 NE 30th Pl | single_family | 4 | 3 | 2,306 | $1,338,000 | 2026-07-10 |
| 20920 NE 32nd Ave | single_family | 4 | 4 | 3,176 | $1,800,000 | 2026-07-07 |
| 20765 NE 32nd Ave | single_family | 4 | 5 | 3,250 | $1,610,000 | 2026-06-15 |
| 20815 NE 37th Ct | single_family | 4 | 4 | 2,380 | $1,850,000 | 2026-06-05 |
| 2420 NE 201st St | single_family | 4 | 2 | 2,685 | $1,200,000 | 2026-05-04 |
| 3156 NE 212th Ter | single_family | 4 | 4 | 2,482 | $1,425,000 | 2026-04-29 |
| 20825 NE 32nd Pl | single_family | 4 | 5 | 2,973 | $2,330,000 | 2026-04-23 |
| 21151 NE 22nd Ct | single_family | 4 | 2 | 3,329 | $1,825,000 | 2026-03-30 |
| 2510 NE 207th Ter | single_family | 4 | 2 | 1,827 | $1,175,000 | 2026-01-20 |
| 20905 NE 32nd Ave | single_family | 4 | 5 | 3,330 | $2,000,000 | 2026-01-14 |
| 21320 NE 26th Ave | single_family | 4 | 5 | 2,309 | $1,750,000 | 2025-11-21 |
| 2325 NE 191st St | single_family | 4 | 3 | 2,352 | $1,100,000 | 2025-11-18 |
| 3095 NE 208th Ter | single_family | 4 | 3 | 2,361 | $1,500,000 | 2025-11-12 |
| 3144 NE 212th St | single_family | 4 | 3 | 2,461 | $1,507,000 | 2025-10-30 |
| 3144 NE 212th St | single_family | 4 | 4 | 2,513 | $1,507,000 | 2025-10-23 |
| 3277 NE 212th St | single_family | 4 | 4 | 2,770 | $1,650,000 | 2025-10-16 |
| 18690 NE 22nd Ave | single_family | 4 | 2 | 3,164 | $957,000 | 2025-10-07 |
| 3106 NE 210th Ter | single_family | 4 | 4 | 2,361 | $1,385,000 | 2025-09-05 |
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 |
|---|---|---|---|---|---|---|
| 19694 NE 24th Ave | single_family | 4 | 4 | 2,863 | $2,580,000 | — |
| 2616 NE 214th St | single_family | 4 | 4 | 899 | $489,000 | — |
| 19885 NE 22nd Ave | single_family | 4 | 4 | 3,898 | $1,775,000 | — |
| 2627 NE 213th St | single_family | 4 | 2 | 1,473 | $899,900 | — |
| 19731 NE 24th Ave | single_family | 4 | 4 | 3,228 | $2,395,000 | — |
| 19667 Turnberry Way Apt 20GR | condos | 4 | 4 | 3,426 | $1,900,000 | — |
| 2301 NE 196th St | single_family | 4 | 4 | 2,668 | $1,850,000 | — |
| 2375 NE 185th St | single_family | 4 | 3 | 1,556 | $860,000 | — |
10-year hold projection
IRR-3.4%
Equity multiple0.43x
Total return (10yr)-$23,525
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $2,214,500 | $30,783 | -$107,702 | $1,701,351 | $513,149 |
| 2 | $2,280,935 | $32,090 | -$106,541 | $1,681,422 | $599,513 |
| 3 | $2,349,363 | $33,446 | -$105,335 | $1,660,124 | $689,239 |
| 4 | $2,419,844 | $34,853 | -$104,081 | $1,637,364 | $782,480 |
| 5 | $2,492,439 | $36,312 | -$102,780 | $1,613,041 | $879,398 |
| 6 | $2,567,212 | $37,825 | -$101,428 | $1,587,047 | $980,165 |
| 7 | $2,644,229 | $39,395 | -$100,024 | $1,559,269 | $1,084,960 |
| 8 | $2,723,556 | $41,022 | -$98,566 | $1,529,582 | $1,193,973 |
| 9 | $2,805,262 | $42,709 | -$97,053 | $1,497,858 | $1,307,405 |
| 10 | $2,889,420 | $44,458 | -$95,482 | $1,463,954 | $1,425,466 |
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.