2627 NE 213th St

Miami, FL 33180 · single_family · For Sale · 93 days on market
Asking price$899,900
4 beds 2 baths 1,473 sqft
Suggested offer$877,419$22,481 above the est. market value of $877,419.
View on Realtor.com →
Listed by Andrea Diaz · One Sotheby's International Realty
Typesingle_family
Built1953
Price / sqft$611
Est. value (own analysis)$877,419
Rent estimate (own analysis)$5,100/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood7/10severe$Air2/10MinorWildfire1/10Minimal
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Neighborhood

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Statusfor_sale
Listed date2026-06-01
Removed date
MLSMiamiMLS #A12027542
Coordinates25.97307, -80.14952
Address2627 NE 213th St
CityMiami
StateFL
Zip33180
Listing ID5896787090
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)

Purchase price$899,900
Down payment (20.0%)$179,980
Loan amount$719,920
Closing costs (5.0%)$44,995
Total cash to close$224,975
Rent (comp-derived)$5,100$61,200
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$61,200
Vacancy rate (assumption) assumption8.0%

$61,200 × 8.0% = $4,896

Effective gross income$4,692$56,304
Property tax (placeholder 1.9% of price)$1,425$17,098
Insurance (est. scaled by flood & wind risk)$1,170$14,038
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$255$3,060
Total operating expenses$2,850$34,197
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$56,304
Total operating expenses derived$34,197

$56,304 − $34,197 = $22,107

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$719,920
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$719,920 amortized at 6.7% over 30 years = $4,626/mo

CapEx reserve (5.0% of GSR)$255$3,060
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$22,107
Annual debt service derived$55,517
Annual CapEx reserve assumption$3,060
Annual PMI assumption$0

($22,107 − $55,517 − $3,060 − $0) ÷ 12 = -$3,039

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$22,107
Purchase price data$899,900

$22,107 ÷ $899,900 = 2.5%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$36,469
Total cash to close derived$224,975

-$36,469 ÷ $224,975 = -16.2%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$22,107
Annual debt service derived$55,517

$22,107 ÷ $55,517 = 0.40

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$61,200
Purchase price data$899,900

($61,200 ÷ 12) ÷ $899,900 = 0.6%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$899,900
Gross scheduled rent (annual) comp$61,200

$899,900 ÷ $61,200 = 14.7

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$34,197
Effective gross income derived$56,304

$34,197 ÷ $56,304 = 60.7%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$34,197
Annual debt service derived$55,517
Annual PMI assumption$0
Gross scheduled rent (annual) comp$61,200

($34,197 + $55,517 + $0) ÷ $61,200 = 146.6%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family421,682$4,350
single_family421,905$9,4992025-02-02
single_family421,950$5,1002026-06-26

21341 NE 25th Ct

Miami, 33180 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,682
Listed
Days on market

Asking rent: $4,350

View on Zillow →

2541 NE 195th St Unit 0

Miami, 33180 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,905
Listed2025-02-02
Days on market

Asking rent: $9,499

View on Zillow →

21330 NE 26th Ave

Aventura, 33180 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,950
Listed2026-06-26
Days on market

Asking rent: $5,100

View on Zillow →

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
2370 NE 195th Stsingle_family432,316$1,880,0002026-07-31
20990 NE 30th Plsingle_family432,306$1,338,0002026-07-10
20920 NE 32nd Avesingle_family443,176$1,800,0002026-07-07
20765 NE 32nd Avesingle_family453,250$1,610,0002026-06-15
20815 NE 37th Ctsingle_family442,380$1,850,0002026-06-05
2420 NE 201st Stsingle_family422,685$1,200,0002026-05-04
3156 NE 212th Tersingle_family442,482$1,425,0002026-04-29
20825 NE 32nd Plsingle_family452,973$2,330,0002026-04-23
21151 NE 22nd Ctsingle_family423,329$1,825,0002026-03-30
2510 NE 207th Tersingle_family421,827$1,175,0002026-01-20
20905 NE 32nd Avesingle_family453,330$2,000,0002026-01-14
21320 NE 26th Avesingle_family452,309$1,750,0002025-11-21
2325 NE 191st Stsingle_family432,352$1,100,0002025-11-18
3095 NE 208th Tersingle_family432,361$1,500,0002025-11-12
3144 NE 212th Stsingle_family432,461$1,507,0002025-10-30
3144 NE 212th Stsingle_family442,513$1,507,0002025-10-23
3277 NE 212th Stsingle_family442,770$1,650,0002025-10-16
18690 NE 22nd Avesingle_family423,164$957,0002025-10-07
3106 NE 210th Tersingle_family442,361$1,385,0002025-09-05

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.

AddressTypeBedsBathsSqftAsking priceDays on market
19694 NE 24th Avesingle_family442,863$2,580,000
2616 NE 214th Stsingle_family44899$489,000
19885 NE 22nd Avesingle_family443,898$1,775,000
19731 NE 24th Avesingle_family443,228$2,395,000
19667 Turnberry Way Apt 20GRcondos443,426$1,900,000
2511 NE 209th Tersingle_family452,150$2,150,000
2301 NE 196th Stsingle_family442,668$1,850,000
2375 NE 185th Stsingle_family431,556$860,000

10-year hold projection

IRR-0.8%
Equity multiple0.88x
Total return (10yr)$89,556
YearProperty valueNOICash flowLoan balanceEquity
1$926,897$22,107-$36,469$712,114$214,783
2$954,704$22,942-$35,712$703,773$250,931
3$983,345$23,805-$34,927$694,859$288,487
4$1,012,845$24,699-$34,113$685,332$327,513
5$1,043,231$25,624-$33,270$675,151$368,080
6$1,074,528$26,582-$32,397$664,271$410,256
7$1,106,763$27,572-$31,493$652,644$454,119
8$1,139,966$28,598-$30,556$640,219$499,747
9$1,174,165$29,659-$29,586$626,940$547,225
10$1,209,390$30,757-$28,581$612,750$596,641
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.