1047 NE 208th St
Miami, FL 33179 · townhomes · Pending — under contract · 69 days on market
Asking price$450,000
3 beds 3 baths 1,743 sqft
Listed by Oscar Villa · Encore International Realty LLC
Typetownhomes
Built2011
Price / sqft$258
Est. value (own analysis)$496,935
Rent estimate (own analysis)$3,200/mo
HOA$250/mo
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Statusfor_sale
Listed date2026-06-25
Removed date—
MLSBeachesMLS #B26045336
Coordinates25.96739, -80.18082
Address1047 NE 208th St
CityMiami
StateFL
Zip33179
Listing ID6339321379
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 | $450,000 |
| Down payment (20.0%) | $90,000 |
| Loan amount | $360,000 |
| Closing costs (5.0%) | $22,500 |
| Total cash to close | $112,500 |
| Income | |
| Rent (comp-derived) | $3,200$38,400 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,944$35,328 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $713$8,550 |
| Insurance (placeholder 0.8% of price) | $300$3,600 |
| HOA dues | $250$3,000 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $160$1,920 |
| Total operating expenses | $1,423$17,070 |
| 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) | $160$1,920 |
| 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 | 3 | 3 | 1,320 | $3,250 | 2026-08-20 | — | |
| townhomes | 3 | 3 | 1,478 | $3,000 | 2026-08-19 | — | |
| townhomes | 3 | 3 | 1,662 | $3,200 | 2026-08-19 | — | |
| townhomes | 3 | 3 | 1,320 | $3,050 | 2026-08-17 | — | |
| townhomes | 3 | 3 | 1,170 | $2,500 | 2026-08-14 | — | |
| townhomes | 3 | 3 | 1,485 | $3,500 | 2026-08-07 | — | |
| townhomes | 3 | 2 | 1,968 | $4,950 | 2026-08-05 | — | |
| townhomes | 3 | 3 | 1,403 | $2,950 | 2026-07-14 | — | |
| townhomes | 3 | 3 | 1,360 | $2,800 | 2026-07-08 | — | |
| townhomes | 3 | 3 | 1,485 | $3,000 | 2026-07-01 | — | |
| townhomes | 3 | 3 | 1,378 | $3,300 | 2026-06-29 | — | |
| townhomes | 3 | 3 | 1,485 | $3,100 | 2026-06-25 | — | |
| townhomes | 3 | 3 | 1,466 | $3,050 | 2026-06-24 | — | |
| townhomes | 3 | 4 | 1,662 | $3,250 | 2026-06-23 | — | |
| townhomes | 3 | 3 | 1,485 | $3,250 | 2026-06-16 | — | |
| townhomes | 3 | 3 | 1,469 | $2,899 | 2026-05-23 | — | |
| townhomes | 3 | 3 | 1,485 | $3,000 | 2026-05-11 | — | |
| townhomes | 3 | 3 | 1,812 | $3,200 | 2026-05-08 | — | |
| townhomes | 3 | 3 | 1,478 | $3,300 | 2026-04-29 | — | |
| townhomes | 3 | 3 | 1,320 | $3,000 | 2026-08-03 | — | |
| townhomes | 3 | 3 | 1,662 | $3,000 | 2026-07-30 | — | |
| townhomes | 3 | 3 | 1,320 | $2,850 | 2026-07-28 | — | |
| townhomes | 3 | 3 | 1,777 | $3,300 | 2026-03-19 | — | |
| townhomes | 3 | 3 | 1,798 | $3,800 | 2026-04-22 | — | |
| townhomes | 3 | 2 | 1,220 | $2,900 | 2026-03-12 | — | |
| townhomes | 3 | 3 | 1,320 | $3,350 | 2026-03-11 | — | |
| townhomes | 3 | 3 | 1,403 | $3,300 | 2026-08-31 | — | |
| townhomes | 3 | 3 | 1,378 | $3,400 | 2026-09-02 | — | |
| townhomes | 3 | 3 | 1,671 | $3,550 | 2026-09-02 | — |
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 |
|---|---|---|---|---|---|---|
| 544 NE 206th Ln | townhomes | 3 | 3 | 1,478 | $515,000 | 2026-08-31 |
| 20666 NE 2nd Ct | townhomes | 3 | 3 | 1,478 | $600,000 | 2026-08-28 |
| 20866 NE 7th Pl | townhomes | 3 | 3 | 1,704 | $524,900 | 2026-08-28 |
| 1024 NE 208th St | townhomes | 3 | 3 | 1,743 | $420,000 | 2026-08-24 |
| 323 Ives Dairy Rd Unit 323-06 | townhomes | 3 | 2 | 1,550 | $240,000 | 2026-08-21 |
| 325 NE 208th Ter | townhomes | 3 | 3 | 1,403 | $400,000 | 2026-08-11 |
| 1020 NE 210th Ter | townhomes | 3 | 2 | 1,469 | $285,000 | 2026-08-07 |
| 1007 NE 208th St Unit 1007 | townhomes | 3 | 3 | 1,743 | $450,000 | 2026-08-05 |
| 20572 NE 5th Pl | townhomes | 3 | 3 | 1,378 | $465,000 | 2026-07-13 |
| 21419 NE 2nd Path | townhomes | 3 | 3 | 1,485 | $432,500 | 2026-07-10 |
| 1048 NE 208th St | townhomes | 3 | 3 | 1,812 | $440,000 | 2026-06-29 |
| 20673 NE 10th Path | townhomes | 3 | 3 | 1,743 | $451,000 | 2026-06-18 |
| 1027 NE 207th St Unit 1027 | townhomes | 3 | 3 | 1,743 | $440,000 | 2026-06-03 |
| 20603 NE 6th Ct | townhomes | 3 | 3 | 2,120 | $489,000 | 2026-05-15 |
| 21357 NE 2nd Ct | townhomes | 3 | 3 | 1,478 | $475,000 | 2026-05-06 |
| 328 NE 208th Ter | townhomes | 3 | 3 | 1,320 | $449,000 | 2026-05-01 |
| 20651 NE 7th Pl | townhomes | 3 | 3 | 1,344 | $460,000 | 2026-04-22 |
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 |
|---|---|---|---|---|---|---|
| 929 NE 211th St | condos | 3 | 3 | 1,320 | $475,000 | — |
| 21015 NE 19th Ct | single_family | 3 | 2 | 1,631 | $1,294,000 | — |
| 243 NE 212th Ter | single_family | 3 | 3 | 1,854 | $489,500 | — |
| 20310 NE 3rd Ct Apt 2 | condos | 3 | 2 | 1,185 | $259,999 | — |
| 253 NE 211th Ter | single_family | 3 | 3 | 1,449 | $399,900 | — |
| 20800 NE 8th Ct Unit 206-17 | condos | 3 | 2 | 1,125 | $285,000 | — |
| 1133 NE 210th Ter | townhomes | 3 | 3 | 1,469 | $430,000 | — |
| 900 NE 195th St Apt 217 | condos | 3 | 2 | 1,380 | $290,000 | — |
10-year hold projection
IRR3.5%
Equity multiple1.57x
Total return (10yr)$122,982
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $463,500 | $18,258 | -$11,424 | $356,097 | $107,403 |
| 2 | $477,405 | $18,891 | -$10,838 | $351,925 | $125,480 |
| 3 | $491,727 | $19,545 | -$10,233 | $347,468 | $144,259 |
| 4 | $506,479 | $20,221 | -$9,608 | $342,704 | $163,775 |
| 5 | $521,673 | $20,920 | -$8,961 | $337,613 | $184,060 |
| 6 | $537,324 | $21,642 | -$8,292 | $332,172 | $205,151 |
| 7 | $553,443 | $22,388 | -$7,601 | $326,358 | $227,085 |
| 8 | $570,047 | $23,158 | -$6,886 | $320,145 | $249,902 |
| 9 | $587,148 | $23,954 | -$6,147 | $313,505 | $273,643 |
| 10 | $604,762 | $24,777 | -$5,382 | $306,408 | $298,354 |
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.