21205 NW 14th Pl Unit 1-19

Miami Gardens, FL 33169 · condos · For Sale · 106 days on market
Asking price$329,000
3 beds 3 baths 1,378 sqft
Suggested offer$195,217$133,783 above the est. market value of $195,217.
View on Realtor.com →
Listed by Andreina Negron Ocando · Orion International Realty
Typecondos
Built2006
Price / sqft$239
Est. value (own analysis)$195,217
Rent estimate (own analysis)$2,790/mo
HOA$385/mo
Wind10/10Extreme$Heat9/10ExtremeFlood5/10major$Air2/10MinorWildfire1/10Minimal
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Neighborhood

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Statusfor_sale
Listed date2026-05-19
Removed date
MLSMiamiMLS #A12021577
Coordinates25.96961, -80.22457
Address21205 NW 14th Pl Unit 1-19
CityMiami Gardens
StateFL
Zip33169
Listing ID6028671871
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$329,000
Down payment (20.0%)$65,800
Loan amount$263,200
Closing costs (5.0%)$16,450
Total cash to close$82,250
Rent (comp-derived)$2,790$33,474
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$33,474
Vacancy rate (assumption) assumption8.0%

$33,474 × 8.0% = $2,678

Effective gross income$2,566$30,796
Property tax (placeholder 1.9% of price)$521$6,251
Insurance (est. scaled by flood & wind risk)$384$4,606
HOA dues$385$4,620
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$139$1,674
Total operating expenses$1,429$17,151
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$30,796
Total operating expenses derived$17,151

$30,796 − $17,151 = $13,645

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$263,200
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$263,200 amortized at 6.7% over 30 years = $1,691/mo

CapEx reserve (5.0% of GSR)$139$1,674
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$13,645
Annual debt service derived$20,297
Annual CapEx reserve assumption$1,674
Annual PMI assumption$0

($13,645 − $20,297 − $1,674 − $0) ÷ 12 = -$694

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$13,645
Purchase price data$329,000

$13,645 ÷ $329,000 = 4.1%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$8,325
Total cash to close derived$82,250

-$8,325 ÷ $82,250 = -10.1%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$13,645
Annual debt service derived$20,297

$13,645 ÷ $20,297 = 0.67

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$33,474
Purchase price data$329,000

($33,474 ÷ 12) ÷ $329,000 = 0.8%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$329,000
Gross scheduled rent (annual) comp$33,474

$329,000 ÷ $33,474 = 9.8

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$17,151
Effective gross income derived$30,796

$17,151 ÷ $30,796 = 55.7%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$17,151
Annual debt service derived$20,297
Annual PMI assumption$0
Gross scheduled rent (annual) comp$33,474

($17,151 + $20,297 + $0) ÷ $33,474 = 111.9%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
apartment321,275$3,041
apartment321,203$3,0002026-08-27
condos331,419$2,3002026-03-14
condos321,288$2,2002026-07-31
condos321,348$2,8002026-07-03
apartment321,200$2,669
apartment321,200$2,779
apartment321,275$3,041

482 NW 207th St # 5-302

Miami, 33169 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,275
Listed
Days on market

Asking rent: $3,041

View on Zillow →

830 NW 200th Ter

Miami Gardens, 33169 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,203
Listed2026-08-27
Days on market

Asking rent: $3,000

View on Zillow →

21223 NW 14th Pl Apt 324

Miami Gardens, 33169 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,419
Listed2026-03-14
Days on market

Asking rent: $2,300

View on Zillow →

610 NW 214th St Apt 101

Miami Gardens, 33169 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,288
Listed2026-07-31
Days on market

Asking rent: $2,200

View on Zillow →

410 NW 214th St Apt 105

Miami Gardens, 33169 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,348
Listed2026-07-03
Days on market

Asking rent: $2,800

View on Zillow →

950 NW 214th St # 25201

Miami Gardens, 33169 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,200
Listed
Days on market

Asking rent: $2,669

View on Zillow →

950 NW 214th St # 25104

Miami Gardens, 33169 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,200
Listed
Days on market

Asking rent: $2,779

View on Zillow →

482 NW 207th St # 11-301

Miami, 33169 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,275
Listed
Days on market

Asking rent: $3,041

View on Zillow →

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
488 NW 165th St Rd Apt B512condos321,175$185,000
19615 NW 14th Avesingle_family321,479$639,000
400 NW 184th Ter Unit 400single_family321,291$470,000
140 NW 164th Sttownhomes32$549,900
142 NW 164th Sttownhomes32$549,900
136 NW 164th Sttownhomes32$549,900
138 NW 164th Sttownhomes32$549,900
19720 NW 12th Ctsingle_family322,167$599,000

10-year hold projection

IRR3.7%
Equity multiple1.59x
Total return (10yr)$91,508
YearProperty valueNOICash flowLoan balanceEquity
1$338,870$13,645-$8,325$260,346$78,524
2$349,036$14,140-$7,872$257,297$91,739
3$359,507$14,653-$7,403$254,038$105,469
4$370,292$15,182-$6,917$250,555$119,737
5$381,401$15,730-$6,414$246,833$134,568
6$392,843$16,297-$5,894$242,855$149,988
7$404,629$16,883-$5,355$238,605$166,024
8$416,767$17,489-$4,798$234,062$182,705
9$429,270$18,115-$4,221$229,208$200,063
10$442,148$18,763-$3,624$224,020$218,129
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.