21105 NW 14th Pl Unit 4

Miami Gardens, FL 33169 · condos · For Sale · 175 days on market
Asking price$429,999
4 beds 3 baths 1,716 sqft
Suggested offer$243,100$186,899 above the est. market value of $243,100.
View on Realtor.com →
Listed by Nicholas A Wulf · COMPASS
Typecondos
Built2007
Price / sqft$251
Est. value (own analysis)$243,100
Rent estimate (Zillow ZIP avg)$2,193/mo
HOA$358/mo
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-03-11
Removed date
MLSBeachesMLS #R11164657
Coordinates25.96930, -80.22481
Address21105 NW 14th Pl Unit 4
CityMiami Gardens
StateFL
Zip33169
Listing ID5835898300
Sourceus-real-estate-listings, cached 2026-09-01

ZIP market snapshot (33169)

Typical home value (ZHVI)$471,445
Typical rent (ZORI)$2,193/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$429,999
Down payment (20.0%)$86,000
Loan amount$343,999
Closing costs (5.0%)$21,500
Total cash to close$107,500
Rent (ZIP avg, ZORI — not bedroom-specific)$2,193$26,317
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$26,317
Vacancy rate (assumption) assumption8.0%

$26,317 × 8.0% = $2,105

Effective gross income$2,018$24,211
Property tax (placeholder 1.9% of price)$681$8,170
Insurance (placeholder 0.8% of price)$287$3,440
HOA dues$358$4,296
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$110$1,316
Total operating expenses$1,435$17,222
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$24,211
Total operating expenses derived$17,222

$24,211 − $17,222 = $6,990

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$343,999
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$343,999 amortized at 6.7% over 30 years = $2,211/mo

CapEx reserve (5.0% of GSR)$110$1,316
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$6,990
Annual debt service derived$26,528
Annual CapEx reserve assumption$1,316
Annual PMI assumption$0

($6,990 − $26,528 − $1,316 − $0) ÷ 12 = -$1,738

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$6,990
Purchase price data$429,999

$6,990 ÷ $429,999 = 1.6%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$20,854
Total cash to close derived$107,500

-$20,854 ÷ $107,500 = -19.4%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$6,990
Annual debt service derived$26,528

$6,990 ÷ $26,528 = 0.26

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$26,317
Purchase price data$429,999

($26,317 ÷ 12) ÷ $429,999 = 0.5%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$429,999
Gross scheduled rent (annual) comp$26,317

$429,999 ÷ $26,317 = 16.3

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$17,222
Effective gross income derived$24,211

$17,222 ÷ $24,211 = 71.1%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$17,222
Annual debt service derived$26,528
Annual PMI assumption$0
Gross scheduled rent (annual) comp$26,317

($17,222 + $26,528 + $0) ÷ $26,317 = 166.2%

Comparables

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

No active rental listings cached yet for this bedroom count.

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
430 NW 214th St Apt 103condos221,180$213,0002026-08-26
505 NW 177th St Apt 136condos11730$140,0002026-08-11
496 NW 165th St Rd Apt D214condos11826$99,9992026-08-08
500 NW 214th St Apt 103condos221,122$155,0002026-07-17
21217 NW 14th Pl Unit 2-22condos331,419$310,0002026-07-16
465 NW 210th St Apt 103condos22816$132,5002026-06-09
492 NW 165th St Rd Apt C314condos11826$105,0002026-05-29
505 NW 177th St Apt 139condos11730$130,0002026-05-15
440 NW 214th St Apt 104condos221,180$210,0002026-04-27
5366925887condos11576$84,5002026-04-17
17339 NW 7th Ave Unit 505condos231,140$297,9992026-04-17
550 NW 214th St Apt 201condos321,288$242,0002026-02-20
496 NW 165th St Rd Apt D211condos11826$115,0002026-02-04
484 NW 165th St Rd Apt A516condos221,036$137,7142026-02-04
15600 NW 7th Ave Apt 708condos221,087$155,0002026-02-02
484 NW 165th St Rd Apt A214condos11826$115,0002026-02-01
15600 NW 7th Ave Apt 301condos11840$119,0002026-01-13
15600 NW 7th Ave Apt 515condos11840$110,0002026-01-12
486 NW 165th St Rd Apt B506condos221,175$130,0002026-01-09
15600 NW 7th Ave Apt 618condos11840$94,0002025-12-18
50 NW 204th St Apt 24condos11576$105,0002025-11-26
498 NW 165th St Rd Apt D601condos221,036$107,0002025-11-19
17349 NW 7th Ave Unit 1006condos231,140$285,0002025-11-12
17341 NW 7th Ave Unit 603condos231,140$284,0002025-11-07
492 NW 165th St Rd Apt C309condos221,175$93,0002025-11-06
301 NW 177th St Apt 104condos11730$130,0002025-11-06
488 NW 165th Street Rd Unit 309Bcondos221,175$130,0002025-11-03
486 NW 165th St Rd Apt B306condos221,175$155,0002025-10-31
15600 NW 7th Ave Apt 311condos11840$112,0002025-09-11

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
152 NW 165th Stsingle_family442,888$2,200,000
300 S Biscayne River Drsingle_family432,225$849,990
360 NW 179th Tersingle_family431,310$450,000
17950 NW 6th Ctsingle_family431,459$529,000
881 NW 177th Tersingle_family421,275$575,000
21431 NW 13th Ct Apt 116townhomes431,691$400,000
1251 NW 190th Stsingle_family422,064$499,000
701 NW 176th Tersingle_family421,368$585,000

10-year hold projection

IRR-2.9%
Equity multiple0.51x
Total return (10yr)$3,690
YearProperty valueNOICash flowLoan balanceEquity
1$442,899$6,990-$20,854$340,270$102,629
2$456,186$7,285-$20,591$336,284$119,902
3$469,872$7,592-$20,318$332,024$137,847
4$483,968$7,911-$20,034$327,472$156,496
5$498,487$8,241-$19,739$322,607$175,879
6$513,441$8,583-$19,433$317,409$196,033
7$528,845$8,938-$19,116$311,853$216,991
8$544,710$9,306-$18,786$305,916$238,794
9$561,051$9,687-$18,443$299,571$261,480
10$577,883$10,083-$18,088$292,790$285,092
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.