2120 NE 197th Ter
Miami, FL 33179 · single_family · For Sale · 156 days on market
Asking price$2,950,000
5 beds 7 baths 3,873 sqft
Suggested offer$1,853,076$1,096,924 above the est. market value of $1,853,076.
View on Realtor.com →Listed by Patricia Genis · One Sotheby's International Realty
Typesingle_family
Built2020
Price / sqft$762
Est. value (own analysis)$1,853,076
Rent estimate (own analysis)$12,475/mo
HOANone
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Statusfor_sale
Listed date2026-03-31
Removed date—
MLSMiamiMLS #A11991348
Coordinates25.95749, -80.15873
Address2120 NE 197th Ter
CityMiami
StateFL
Zip33179
Listing ID5628707761
Sourceus-real-estate-listings, cached 2026-09-02
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)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $2,950,000 |
| Down payment (20.0%) | $590,000 |
| Loan amount | $2,360,000 |
| Closing costs (5.0%) | $147,500 |
| Total cash to close | $737,500 |
| Income | |
| Rent (comp-derived) | $12,475$149,700 |
| Vacancy loss (8.0%) | |
| Effective gross income | $11,477$137,724 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $4,671$56,050 |
| Insurance (placeholder 0.8% of price) | $1,967$23,600 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $624$7,485 |
| Total operating expenses | $7,261$87,135 |
| 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) | $624$7,485 |
| 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 | 5 | 5 | 4,197 | $19,900 | 2026-06-17 | — | |
| single_family | 5 | 3 | 2,588 | $6,000 | 2026-05-27 | — | |
| single_family | 5 | 5 | 4,400 | $18,000 | 2026-05-26 | — | |
| single_family | 5 | 5 | 3,470 | $45,000 | 2026-05-15 | — | |
| single_family | 5 | 4 | 3,275 | $10,000 | 2025-11-16 | — | |
| single_family | 5 | 5 | 4,119 | $18,500 | 2026-04-01 | — | |
| single_family | 5 | 5 | 4,057 | $14,950 | 2026-04-20 | — | |
| single_family | 5 | 3 | 2,702 | $5,500 | — | — | |
| single_family | 5 | 3 | 2,700 | $10,000 | 2026-07-29 | — | |
| single_family | 5 | 3 | 2,602 | $9,000 | 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 |
|---|---|---|---|---|---|---|
| 2021 NE 212th St | single_family | 5 | 5 | 3,880 | $2,600,000 | 2026-08-31 |
| 2140 NE 206th St | single_family | 5 | 3 | 2,287 | $1,010,000 | 2026-07-31 |
| 1961 S Oak Haven Cir | single_family | 5 | 5 | 4,856 | $2,050,000 | 2026-06-17 |
| 1870 NE 197th Ter | single_family | 5 | 3 | 2,837 | $1,188,000 | 2026-05-27 |
| 2110 NE 198th Ter | single_family | 5 | 3 | 3,412 | $1,651,000 | 2026-05-26 |
| 1270 North Dr | single_family | 5 | 4 | 1,600 | $599,000 | 2026-05-04 |
| 312 NE 210th Way | single_family | 5 | 5 | 2,833 | $1,475,000 | 2026-04-30 |
| 2156 NE 187th St | single_family | 5 | 3 | 2,462 | $1,650,000 | 2026-02-10 |
| 617 NE 191st St | single_family | 5 | 4 | 2,702 | $1,150,000 | 2026-02-02 |
| 1860 NE 199th St | single_family | 5 | 3 | 2,883 | $1,729,000 | 2026-02-02 |
| 19501 Ambassador Ct | single_family | 5 | 5 | 4,780 | $2,757,000 | 2026-01-12 |
| 20335 NE 20th Ct | single_family | 5 | 7 | 3,277 | $2,100,000 | 2025-12-24 |
| 1990 NE 197th Ter | single_family | 5 | 4 | 2,337 | $1,300,000 | 2025-12-22 |
| 20101 NE 20th Ct | single_family | 5 | 3 | 2,584 | $1,370,000 | 2025-12-18 |
| 2131 NE 202nd St | single_family | 5 | 3 | 4,180 | $1,840,000 | 2025-12-11 |
| 2011 NE 211th St | single_family | 5 | 2 | 2,767 | $1,305,000 | 2025-11-13 |
| 1930 NE 193rd St | single_family | 5 | 5 | 5,285 | $2,500,000 | 2025-11-03 |
| 1330 NE 212th Ter | single_family | 5 | 3 | 1,782 | $480,000 | 2025-10-03 |
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 |
|---|---|---|---|---|---|---|
| 19200 NE 14th Ct | single_family | 5 | 5 | 4,336 | $3,188,990 | — |
| 19200 NE 14th Ct | single_family | 5 | 4 | 4,119 | $2,985,990 | — |
| 1875 NE 193rd St | single_family | 5 | 5 | 3,360 | $4,099,000 | — |
| 19200 NE 14th Ct | single_family | 5 | 4 | 4,095 | $2,795,990 | — |
| 19613 NE 14th Ave | single_family | 5 | 5 | 4,336 | $3,188,990 | — |
| 19662 NE 14th Ct | single_family | 5 | 4 | 4,095 | $2,865,890 | — |
| 19668 NE 14th Ave | single_family | 5 | 4 | 3,550 | $2,649,690 | — |
| 19200 NE 14th Ct | single_family | 5 | 4 | 3,550 | $2,590,990 | — |
10-year hold projection
IRR-2.6%
Equity multiple0.57x
Total return (10yr)$64,740
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $3,038,500 | $50,589 | -$138,888 | $2,334,412 | $704,088 |
| 2 | $3,129,655 | $52,542 | -$137,122 | $2,307,068 | $822,588 |
| 3 | $3,223,545 | $54,565 | -$135,291 | $2,277,845 | $945,700 |
| 4 | $3,320,251 | $56,660 | -$133,393 | $2,246,616 | $1,073,635 |
| 5 | $3,419,859 | $58,829 | -$131,425 | $2,213,242 | $1,206,617 |
| 6 | $3,522,454 | $61,075 | -$129,386 | $2,177,576 | $1,344,878 |
| 7 | $3,628,128 | $63,400 | -$127,273 | $2,139,461 | $1,488,667 |
| 8 | $3,736,972 | $65,807 | -$125,082 | $2,098,729 | $1,638,243 |
| 9 | $3,849,081 | $68,299 | -$122,813 | $2,055,199 | $1,793,882 |
| 10 | $3,964,553 | $70,879 | -$120,461 | $2,008,680 | $1,955,873 |
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.