20623 NW 11th Ave
Miami Gardens, FL 33169 · single_family · For Sale · 44 days on market
Asking price$810,000
6 beds 4 baths 3,572 sqft
Listed by Steven Gilbert Jr · Florida Realty Of Miami Corp
Typesingle_family
Built2007
Price / sqft$227
Est. value (own analysis)$846,207
Rent estimate (Zillow ZIP avg)$2,193/mo
HOA$150/mo
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Statusfor_sale
Listed date2026-07-20
Removed date—
MLSMiamiMLS #A12053901
Coordinates25.96405, -80.22017
Address20623 NW 11th Ave
CityMiami Gardens
StateFL
Zip33169
Listing ID6300571892
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)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $810,000 |
| Down payment (20.0%) | $162,000 |
| Loan amount | $648,000 |
| Closing costs (5.0%) | $40,500 |
| Total cash to close | $202,500 |
| Income | |
| Rent (ZIP avg, ZORI — not bedroom-specific) | $2,193$26,317 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,018$24,211 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,283$15,390 |
| Insurance (placeholder 0.8% of price) | $540$6,480 |
| HOA dues | $150$1,800 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $110$1,316 |
| Total operating expenses | $2,082$24,986 |
| 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) | $110$1,316 |
| 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.
No active rental listings cached yet for this bedroom count.
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 |
|---|---|---|---|---|---|---|
| 20470 NW 12th Ct | single_family | 6 | 4 | 3,379 | $800,000 | 2026-07-27 |
| 20456 NW 8th Ct | single_family | 6 | 4 | 3,379 | $840,000 | 2026-06-26 |
| 18032 NW 8th Ave | single_family | 6 | 4 | 2,107 | $386,800 | 2026-05-27 |
| 956 NW 206th Ter | single_family | 6 | 5 | 3,572 | $720,000 | 2026-03-30 |
| 1470 NW 206th Ter | single_family | 6 | 4 | 3,379 | $801,000 | 2026-02-10 |
| 20521 NW 7th Ct | single_family | 6 | 4 | 3,379 | $755,000 | 2026-02-05 |
| 801 NW 172nd Ter | single_family | 6 | 4 | 1,980 | $650,000 | 2025-12-10 |
| 710 NW 187th Dr | single_family | 6 | 2 | 2,280 | $550,000 | 2025-11-14 |
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 |
|---|---|---|---|---|---|---|
| 20530 NW 9th Pl | single_family | 6 | 5 | — | $875,000 | — |
| 15425 N Miami Ave | single_family | 6 | 5 | 3,099 | $1,389,900 | — |
| 759 S Biscayne River Dr | multi_family | 6 | 6 | — | $899,000 | — |
| 20551 NW 7th Ct | single_family | 6 | 4 | 3,379 | $750,000 | — |
| 1236 NW 208th St | single_family | 6 | 4 | 2,968 | $888,888 | — |
| 19700 NW 6th Pl | single_family | 6 | 4 | 1,977 | $750,000 | — |
10-year hold projection
IRR-7.3%
Equity multiple-0.22x
Total return (10yr)-$141,781
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $834,300 | -$774 | -$52,061 | $640,974 | $193,326 |
| 2 | $859,329 | -$673 | -$51,992 | $633,466 | $225,863 |
| 3 | $885,109 | -$565 | -$51,918 | $625,442 | $259,667 |
| 4 | $911,662 | -$450 | -$51,838 | $616,868 | $294,795 |
| 5 | $939,012 | -$329 | -$51,753 | $607,704 | $331,308 |
| 6 | $967,182 | -$201 | -$51,661 | $597,911 | $369,271 |
| 7 | $996,198 | -$66 | -$51,563 | $587,446 | $408,752 |
| 8 | $1,026,084 | $77 | -$51,458 | $576,262 | $449,822 |
| 9 | $1,056,866 | $228 | -$51,346 | $564,309 | $492,557 |
| 10 | $1,088,572 | $387 | -$51,227 | $551,537 | $537,036 |
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.