19996 NE 5th Ct Unit 4C
Miami, FL 33179 · townhomes · For Sale · 54 days on market
Asking price$396,400
2 beds 3 baths 1,700 sqft
Listed by Diana Calle · Robert Slack LLC
Typetownhomes
Built1979
Price / sqft$233
Est. value (own analysis)$448,699
Rent estimate (own analysis)$2,625/mo
HOA$750/mo
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Statusfor_sale
Listed date2026-07-11
Removed date—
MLSMiamiMLS #A12051847
Coordinates25.95855, -80.18939
Address19996 NE 5th Ct Unit 4C
CityMiami
StateFL
Zip33179
Listing ID5966001807
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 | $396,400 |
| Down payment (20.0%) | $79,280 |
| Loan amount | $317,120 |
| Closing costs (5.0%) | $19,820 |
| Total cash to close | $99,100 |
| Income | |
| Rent (comp-derived) | $2,625$31,500 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,415$28,980 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $628$7,532 |
| Insurance (placeholder 0.8% of price) | $264$3,171 |
| HOA dues | $750$9,000 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $131$1,575 |
| Total operating expenses | $1,773$21,278 |
| 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) | $131$1,575 |
| 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 |
|---|---|---|---|---|---|---|---|
| townhomes | 2 | 3 | 1,200 | $2,900 | 2026-08-11 | — | |
| townhomes | 2 | 3 | 1,276 | $2,750 | 2026-07-16 | — | |
| townhomes | 2 | 3 | 1,296 | $2,350 | 2026-06-27 | — | |
| townhomes | 2 | 3 | 1,276 | $2,500 | 2026-04-22 | — |
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 |
|---|---|---|---|---|---|---|
| 701 NE 205th Ter | townhomes | 2 | 2 | 1,345 | $390,000 | 2026-07-23 |
| 20615 NE 7th Ct | townhomes | 2 | 2 | 1,345 | $355,000 | 2026-06-26 |
| 567 NE 199th Ter Unit 1S | townhomes | 2 | 2 | 1,566 | $295,000 | 2026-06-16 |
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 |
|---|---|---|---|---|---|---|
| 1670 NE 191st St Unit 109-3 | condos | 2 | 2 | 1,315 | $189,000 | — |
| 509 NE 199th Ln Unit 3A | condo_townhome_rowhome_coop | 2 | 2 | 1,580 | $349,000 | — |
| 341 Ives Dairy Rd Unit 341-06 | condos | 2 | 3 | 1,283 | $314,999 | — |
| 20840 San Simeon Way Apt 609 | condos | 2 | 2 | 1,596 | $229,000 | — |
| 20800 NE 8th Ct Unit 105-17 | condos | 2 | 2 | 956 | $195,000 | — |
| 1351 NE Miami Gardens Dr Apt 626E | condos | 2 | 2 | 1,140 | $235,000 | — |
| 20860 San Simeon Way Unit 205-6 | condos | 2 | 2 | 1,586 | $265,500 | — |
| 423 NE 210th Cir Ter Unit 104-25 | condos | 2 | 2 | 1,060 | $275,000 | — |
10-year hold projection
IRR-2.2%
Equity multiple0.63x
Total return (10yr)$15,183
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $408,292 | $7,702 | -$18,328 | $313,682 | $94,610 |
| 2 | $420,541 | $8,040 | -$18,030 | $310,007 | $110,533 |
| 3 | $433,157 | $8,390 | -$17,720 | $306,081 | $127,076 |
| 4 | $446,152 | $8,753 | -$17,398 | $301,884 | $144,268 |
| 5 | $459,536 | $9,131 | -$17,063 | $297,400 | $162,137 |
| 6 | $473,322 | $9,522 | -$16,715 | $292,607 | $180,715 |
| 7 | $487,522 | $9,928 | -$16,353 | $287,485 | $200,037 |
| 8 | $502,148 | $10,349 | -$15,978 | $282,012 | $220,136 |
| 9 | $517,212 | $10,786 | -$15,588 | $276,163 | $241,049 |
| 10 | $532,728 | $11,239 | -$15,182 | $269,912 | $262,816 |
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.