21207 NW 14th Pl Unit 7-28

Miami Gardens, FL 33169 · townhomes · Pending — under contract · 74 days on market
Asking price$299,000
3 beds 3 baths 1,419 sqft
View on Realtor.com →
Listed by Hernan Gambertoglio · Keller Williams Eagle Realty
Typetownhomes
Built2006
Price / sqft$211
Est. value (own analysis)$412,290
Rent estimate (own analysis)$3,500/mo
HOA$229/mo
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Neighborhood

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Statusfor_sale
Listed date2026-06-21
Removed date
MLSMiamiMLS #A12040588
Coordinates25.96961, -80.22457
Address21207 NW 14th Pl Unit 7-28
CityMiami Gardens
StateFL
Zip33169
Listing ID6046745854
Sourceus-real-estate-listings, cached 2026-08-28

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$299,000
Down payment (20.0%)$59,800
Loan amount$239,200
Closing costs (5.0%)$14,950
Total cash to close$74,750
Rent (comp-derived)$3,500$42,000
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$42,000
Vacancy rate (assumption) assumption8.0%

$42,000 × 8.0% = $3,360

Effective gross income$3,220$38,640
Property tax (placeholder 1.9% of price)$473$5,681
Insurance (placeholder 0.8% of price)$199$2,392
HOA dues$229$2,748
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$175$2,100
Total operating expenses$1,077$12,921
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$38,640
Total operating expenses derived$12,921

$38,640 − $12,921 = $25,719

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$239,200
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$239,200 amortized at 6.7% over 30 years = $1,537/mo

CapEx reserve (5.0% of GSR)$175$2,100
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$25,719
Annual debt service derived$18,446
Annual CapEx reserve assumption$2,100
Annual PMI assumption$0

($25,719 − $18,446 − $2,100 − $0) ÷ 12 = $431

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$25,719
Purchase price data$299,000

$25,719 ÷ $299,000 = 8.6%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived$5,173
Total cash to close derived$74,750

$5,173 ÷ $74,750 = 6.9%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$25,719
Annual debt service derived$18,446

$25,719 ÷ $18,446 = 1.39

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$42,000
Purchase price data$299,000

($42,000 ÷ 12) ÷ $299,000 = 1.2%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$299,000
Gross scheduled rent (annual) comp$42,000

$299,000 ÷ $42,000 = 7.1

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$12,921
Effective gross income derived$38,640

$12,921 ÷ $38,640 = 33.4%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$12,921
Annual debt service derived$18,446
Annual PMI assumption$0
Gross scheduled rent (annual) comp$42,000

($12,921 + $18,446 + $0) ÷ $42,000 = 74.7%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
townhomes331,595$4,2002026-08-11
townhomes331,250$3,4002026-08-09
townhomes321,419$3,8002026-07-22
townhomes321,367$2,6832026-08-28
townhomes321,530$2,7002026-04-17
townhomes321,344$3,5002026-03-06
townhomes331,419$4,0002026-07-30

20478 NW 4th Ave

Miami, 33169 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,595
Listed2026-08-11
Days on market

Asking rent: $4,200

View on Zillow →

170 NW 158th St Unit 11

Miami, 33169 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,250
Listed2026-08-09
Days on market

Asking rent: $3,400

View on Zillow →

452 NW 203rd Ter

Miami, 33169 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,419
Listed2026-07-22
Days on market

Asking rent: $3,800

View on Zillow →

171 NW 158th St Unit 1022246P

Golden Glades, 33169 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,367
Listed2026-08-28
Days on market

Asking rent: $2,683

View on Zillow →

20511 NW 15th Ave Unit 4

Miami Gardens, 33169 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,530
Listed2026-04-17
Days on market

Asking rent: $2,700

View on Zillow →

20344 NW 6th Pl

Miami Gardens, 33169 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,344
Listed2026-03-06
Days on market

Asking rent: $3,500

View on Zillow →

20369 NW 5th Ct Unit 20369

Miami Gardens, 33169 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,419
Listed2026-07-30
Days on market

Asking rent: $4,000

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
21209 NW 14th Pl Unit 7-20townhomes331,419$330,0002026-08-14
1363 NW 208th Tertownhomes331,524$454,0002026-08-13
411 NW 204th Sttownhomes331,344$450,0002026-06-30
20868 NW 9th Pathtownhomes331,524$465,0002026-06-17
21007 NW 14th Pl Apt 751townhomes331,744$390,0002026-06-05
493 NW 204th Sttownhomes331,595$520,0002026-06-01
659 NW 204th Sttownhomes331,344$480,0002026-05-18
21105 NW 14th Pl Apt 238townhomes331,716$366,0002026-05-14
21416 NW 13th Pltownhomes321,589$450,0002026-04-08
504 NW 179th Sttownhomes321,327$270,0002026-02-17

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

IRR16.7%
Equity multiple3.54x
Total return (10yr)$228,658
YearProperty valueNOICash flowLoan balanceEquity
1$307,970$25,719$5,173$236,607$71,363
2$317,209$26,555$5,957$233,835$83,374
3$326,725$27,418$6,766$230,873$95,852
4$336,527$28,308$7,601$227,708$108,819
5$346,623$29,227$8,463$224,325$122,297
6$357,022$30,175$9,354$220,711$136,311
7$367,732$31,154$10,273$216,848$150,885
8$378,764$32,163$11,221$212,719$166,045
9$390,127$33,205$12,200$208,307$181,820
10$401,831$34,280$13,211$203,592$198,239
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.