800 NE 195th St Apt 601
Miami, FL 33179 · condos · For Sale · 175 days on market
Asking price$259,500
3 beds 2 baths 1,925 sqft
Listed by Marco Zarfati, PA · The Keyes Company
Typecondos
Built1969
Price / sqft$135
Est. value (own analysis)$437,418
Rent estimate (own analysis)$3,100/mo
HOA$1,377/mo
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Statusfor_sale
Listed date2026-03-11
Removed date—
MLSBeachesMLS #F10537017
Coordinates25.95407, -80.18438
Address800 NE 195th St Apt 601
CityMiami
StateFL
Zip33179
Listing ID5836502656
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 | $259,500 |
| Down payment (20.0%) | $51,900 |
| Loan amount | $207,600 |
| Closing costs (5.0%) | $12,975 |
| Total cash to close | $64,875 |
| Income | |
| Rent (comp-derived) | $3,100$37,200 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,852$34,224 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $411$4,931 |
| Insurance (placeholder 0.8% of price) | $173$2,076 |
| HOA dues | $1,377$16,524 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $155$1,860 |
| Total operating expenses | $2,116$25,391 |
| 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) | $155$1,860 |
| 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 |
|---|---|---|---|---|---|---|---|
| apartment | 3 | 2 | 1,450 | $3,300 | 2026-08-10 | — | |
| condos | 3 | 4 | 1,662 | $3,100 | 2026-08-10 | — | |
| condos | 3 | 3 | 1,530 | $2,800 | 2026-08-10 | — | |
| condos | 3 | 3 | 1,320 | $2,800 | 2026-08-10 | — | |
| condos | 3 | 2 | 1,925 | $3,400 | 2026-08-07 | — | |
| apartment | 3 | 3 | 1,854 | $4,300 | 2026-06-10 | — | |
| condos | 3 | 2 | 1,707 | $2,400 | 2026-06-01 | — | |
| condos | 3 | 3 | 1,485 | $3,100 | 2026-08-02 | — | |
| condos | 3 | 2 | 1,954 | $3,400 | 2026-07-30 | — | |
| condos | 3 | 2 | 1,266 | $2,400 | 2026-07-28 | — | |
| condos | 3 | 2 | 1,400 | $2,400 | 2026-03-11 | — | |
| condos | 3 | 2 | 1,266 | $2,500 | 2026-02-02 | — | |
| apartment | 3 | 2 | 1,332 | $3,200 | — | — | |
| condos | 3 | 3 | 1,407 | $3,200 | 2026-08-29 | — |
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 |
|---|---|---|---|---|---|---|
| 468 NE 206th Ln Apt 102 | condos | 3 | 2 | 1,065 | $259,900 | 2026-06-18 |
| 426 NE 210th Cir Ter Unit 101-2 | condos | 3 | 2 | 1,064 | $240,000 | 2026-06-17 |
| 549 NE 206th Ln | condos | 3 | 3 | 1,704 | $530,000 | 2026-05-28 |
| 20810 San Simeon Way Apt 109 | condos | 3 | 3 | 1,360 | $390,000 | 2026-05-22 |
| 20741 NE 4th Ct Apt 207 | condos | 3 | 2 | 1,065 | $222,000 | 2026-05-15 |
| 21089 NE 8th Ave | condos | 3 | 3 | 1,320 | $439,000 | 2026-05-11 |
| 469 NE 207th Ln Apt 207 | condos | 3 | 2 | 1,065 | $242,000 | 2026-03-23 |
| 20680 NE 4th Ct Apt 206 | condos | 3 | 2 | 1,065 | $225,000 | 2026-02-06 |
| 20145 NE 3rd Ct Apt 2 | condos | 3 | 2 | 1,185 | $257,770 | 2025-10-07 |
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 |
|---|---|---|---|---|---|---|
| 929 NE 211th St | condos | 3 | 3 | 1,320 | $475,000 | — |
| 21015 NE 19th Ct | single_family | 3 | 2 | 1,631 | $1,294,000 | — |
| 243 NE 212th Ter | single_family | 3 | 3 | 1,854 | $489,500 | — |
| 1047 NE 208th St | townhomes | 3 | 3 | 1,743 | $450,000 | — |
| 20310 NE 3rd Ct Apt 2 | condos | 3 | 2 | 1,185 | $259,999 | — |
| 253 NE 211th Ter | single_family | 3 | 3 | 1,449 | $399,900 | — |
| 20800 NE 8th Ct Unit 206-17 | condos | 3 | 2 | 1,125 | $285,000 | — |
| 1133 NE 210th Ter | townhomes | 3 | 3 | 1,469 | $430,000 | — |
10-year hold projection
IRR1.2%
Equity multiple1.20x
Total return (10yr)$47,101
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $267,285 | $8,834 | -$9,036 | $205,349 | $61,936 |
| 2 | $275,304 | $9,225 | -$8,690 | $202,944 | $72,360 |
| 3 | $283,563 | $9,632 | -$8,331 | $200,373 | $83,189 |
| 4 | $292,070 | $10,055 | -$7,957 | $197,626 | $94,443 |
| 5 | $300,832 | $10,493 | -$7,569 | $194,691 | $106,141 |
| 6 | $309,857 | $10,948 | -$7,166 | $191,553 | $118,303 |
| 7 | $319,152 | $11,420 | -$6,746 | $188,200 | $130,952 |
| 8 | $328,727 | $11,910 | -$6,310 | $184,617 | $144,109 |
| 9 | $338,589 | $12,418 | -$5,857 | $180,788 | $157,800 |
| 10 | $348,746 | $12,945 | -$5,387 | $176,696 | $172,050 |
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.