3949 194th Ln
Sunny Isles Beach, FL 33160 · single_family · For Sale · 128 days on market
Asking price$2,259,000
4 beds 4 baths 2,353 sqft
Listed by Marina Osmacova · Miami Vip Realty Llc
Typesingle_family
Built1999
Price / sqft$960
Est. value (own analysis)$2,608,343
Rent estimate (own analysis)$18,450/mo
HOA$800/mo
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Statusfor_sale
Listed date2026-04-27
Removed date—
MLSMiamiMLS #A12008142
Coordinates25.95625, -80.12206
Address3949 194th Ln
CitySunny Isles Beach
StateFL
Zip33160
Listing ID6389919573
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33160)
Typical home value (ZHVI)$518,452
Typical rent (ZORI)$3,079/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 | $2,259,000 |
| Down payment (20.0%) | $451,800 |
| Loan amount | $1,807,200 |
| Closing costs (5.0%) | $112,950 |
| Total cash to close | $564,750 |
| Income | |
| Rent (comp-derived) | $18,450$221,400 |
| Vacancy loss (8.0%) | |
| Effective gross income | $16,974$203,688 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $3,577$42,921 |
| Insurance (placeholder 0.8% of price) | $1,506$18,072 |
| HOA dues | $800$9,600 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $923$11,070 |
| Total operating expenses | $6,805$81,663 |
| 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) | $923$11,070 |
| 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 |
|---|---|---|---|---|---|---|---|
| single_family | 4 | 3 | 1,852 | $4,990 | 2026-08-14 | — | |
| single_family | 4 | 4 | 2,982 | $25,000 | 2026-08-17 | — | |
| single_family | 4 | 3 | 2,372 | $11,900 | 2025-11-30 | — | |
| single_family | 4 | 4 | 2,971 | $26,500 | 2026-03-25 | — |
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 |
|---|---|---|---|---|---|---|
| 204 191st St | single_family | 4 | 3 | 2,632 | $2,200,000 | 2026-08-27 |
| 3428 NE 169th St | single_family | 4 | 3 | 2,632 | $2,200,000 | 2026-05-26 |
| 19140 N Bay Rd | single_family | 4 | 3 | 3,428 | $3,800,000 | 2026-05-19 |
| 3400 NE 165th St | single_family | 4 | 3 | 2,502 | $3,000,000 | 2026-05-11 |
| 1504 Island Blvd | single_family | 4 | 4 | 5,628 | $3,600,000 | 2026-05-08 |
| 530 Ocean Blvd | single_family | 4 | 5 | 3,920 | $3,180,000 | 2026-04-28 |
| 200 188th St | single_family | 4 | 2 | 2,099 | $1,700,000 | 2026-02-23 |
| 147 Golden Beach Dr | single_family | 4 | 3 | 2,256 | $3,300,000 | 2026-02-02 |
| 685 Golden Beach Dr | single_family | 4 | 3 | 3,323 | $3,700,000 | 2026-01-20 |
| 2925 NE 164th St | single_family | 4 | 2 | 2,938 | $4,000,000 | 2025-12-11 |
| 4042 Island Estates Dr | single_family | 4 | 8 | 7,796 | $12,450,000 | 2025-12-11 |
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.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 333 Atlantic Ave | single_family | 4 | 4 | 2,426 | $11,999,000 | — |
| 3341 NE 170th St | single_family | 4 | 3 | 3,556 | $3,500,000 | — |
| 18555 Collins Ave Apt 3301 | condos | 4 | 5 | 4,154 | $6,500,000 | — |
| 329 Poinciana Dr Unit 909 | condos | 4 | 3 | 2,425 | $1,190,000 | — |
| 17475 Collins Ave Ph 3201 | condos | 4 | 8 | 9,051 | $23,990,000 | — |
| 17875 Collins Ave Ph 4506 | condos | 4 | 7 | 6,419 | $13,495,000 | — |
| 2349 NE 173rd St | single_family | 4 | 3 | 1,432 | $839,000 | — |
| 330 Sunny Isles Blvd Unit 5-2403 | condos | 4 | 5 | 3,296 | $3,300,000 | — |
10-year hold projection
IRR7.3%
Equity multiple2.16x
Total return (10yr)$948,439
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $2,326,770 | $122,025 | -$28,408 | $1,787,606 | $539,164 |
| 2 | $2,396,573 | $126,094 | -$24,615 | $1,766,666 | $629,907 |
| 3 | $2,468,470 | $130,295 | -$20,698 | $1,744,289 | $724,181 |
| 4 | $2,542,524 | $134,633 | -$16,651 | $1,720,375 | $822,150 |
| 5 | $2,618,800 | $139,112 | -$12,470 | $1,694,818 | $923,982 |
| 6 | $2,697,364 | $143,736 | -$8,151 | $1,667,507 | $1,029,857 |
| 7 | $2,778,285 | $148,510 | -$3,690 | $1,638,320 | $1,139,965 |
| 8 | $2,861,634 | $153,439 | $918 | $1,607,129 | $1,254,505 |
| 9 | $2,947,483 | $158,527 | $5,677 | $1,573,796 | $1,373,687 |
| 10 | $3,035,907 | $163,781 | $10,593 | $1,538,174 | $1,497,733 |
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.