20440 NW 20th Ct
Miami Gardens, FL 33056 · single_family · For Sale · 41 days on market
Asking price$495,000
3 beds 2 baths 969 sqft
Suggested offer$358,559$136,441 above the est. market value of $358,559.
View on Realtor.com →Listed by AIDELINE AMARAN · My FL Home, LLC.
Typesingle_family
Built1962
Price / sqft$511
Est. value (own analysis)$358,559
Rent estimate (own analysis)$3,050/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood4/10moderate$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-07-23
Removed date—
MLSMiamiMLS #A12057366
Coordinates25.96246, -80.23681
Address20440 NW 20th Ct
CityMiami Gardens
StateFL
Zip33056
Listing ID6489153304
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33056)
Median sale price$550,000
Median days on market (sale)37
Active sale listings131
Median rent$2,700/mo
Median days on market (rent)49
Active rental listings90
Real ZIP-wide statistics from RentCast, as of 2026-09 (fetched 2026-09-03) — this is the whole ZIP's market, not specific to this property. Re-analyzing spends one of the account's 50 free monthly lookups. Our own log shows at least 6 of the 50 free monthly RentCast requests used — that only counts calls made through this app, so it can undercount. RentCast's own account dashboard has the real total.
Re-analyze ZIP 33056 (≥6 of 50 per our log)Underwriting (buy-and-hold, default assumptions)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $495,000 |
| Down payment (20.0%) | $99,000 |
| Loan amount | $396,000 |
| Closing costs (5.0%) | $24,750 |
| Total cash to close | $123,750 |
| Income | |
| Rent (comp-derived) | $3,050$36,600 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,806$33,672 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $784$9,405 |
| Insurance (est. scaled by flood & wind risk) | $528$6,336 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $153$1,830 |
| Total operating expenses | $1,464$17,571 |
| 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) | $153$1,830 |
| 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 | 3 | 2 | 1,058 | $2,790 | 2026-07-20 | — | |
| single_family | 3 | 1 | 1,175 | $3,500 | 2026-08-26 | — | |
| single_family | 3 | 1 | 1,000 | $3,000 | 2026-08-25 | — | |
| single_family | 3 | 1 | 888 | $2,700 | 2026-07-27 | — | |
| single_family | 3 | 2 | 969 | $3,600 | 2026-08-18 | — | |
| single_family | 3 | 2 | 1,170 | $3,100 | 2026-05-18 | — | |
| single_family | 3 | 2 | 1,303 | $19,485 | 2026-06-25 | — | |
| single_family | 3 | 2 | 1,200 | $2,849 | — | — |
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 |
|---|---|---|---|---|---|---|
| 3030 NW 176th St | single_family | 3 | 2 | 988 | $436,000 | 2026-08-26 |
| 2741 NW 172nd Ter | single_family | 3 | 2 | 1,415 | $585,000 | 2026-08-25 |
| 3512 NW 176th Ter | single_family | 3 | 2 | 1,100 | $524,000 | 2026-08-21 |
| 18815 NW 37th Ave | single_family | 3 | 2 | 1,701 | $530,000 | 2026-08-13 |
| 2225 NW 195th St | single_family | 3 | 2 | 1,392 | $600,000 | 2026-08-12 |
| 2950 NW 173rd Ter | single_family | 3 | 1 | 988 | $317,500 | 2026-08-07 |
| 17311 NW 24th Ct | single_family | 3 | 1 | 1,272 | $529,000 | 2026-08-07 |
| 5305511614 | single_family | 3 | 2 | 1,125 | $355,000 | 2026-08-05 |
| 2831 NW 189th St | single_family | 3 | 2 | 1,430 | $650,000 | 2026-08-04 |
| 17211 NW 37th Ave | single_family | 3 | 1 | 1,208 | $355,000 | 2026-07-31 |
| 1805 NW 189th Ter | single_family | 3 | 2 | 1,555 | $550,000 | 2026-07-30 |
| 20400 NW 25th Ave | single_family | 3 | 2 | 1,508 | $530,000 | 2026-07-28 |
| 17011 NW 33rd Ct | single_family | 3 | 1 | 2,387 | $690,000 | 2026-07-27 |
| 2221 NW 170th St | single_family | 3 | 2 | 1,274 | $529,000 | 2026-07-27 |
| 18440 NW 28th Pl | single_family | 3 | 2 | 1,346 | $510,000 | 2026-07-24 |
| 18813 NW 32nd Ave | single_family | 3 | 2 | 1,144 | $465,000 | 2026-07-23 |
| 2980 NW 170th St | single_family | 3 | 1 | 1,225 | $430,000 | 2026-07-23 |
| 2831 NW 190th St | single_family | 3 | 2 | 1,582 | $545,000 | 2026-07-22 |
| 2250 NW 170th St | single_family | 3 | 2 | 1,334 | $529,000 | 2026-07-21 |
| 20103 NW 27th Cir | single_family | 3 | 2 | 870 | $415,000 | 2026-07-14 |
| 19244 NW 30th Ct | single_family | 3 | 1 | 1,000 | $400,000 | 2026-07-13 |
| 19720 NW 33rd Ave | single_family | 3 | 2 | 1,104 | $540,000 | 2026-07-09 |
| 3440 NW 209th Ter | single_family | 3 | 1 | 888 | $380,000 | 2026-07-06 |
| 17701 NW 32nd Ct | single_family | 3 | 1 | 864 | $400,000 | 2026-06-30 |
| 2010 NW 185th Ter | single_family | 3 | 2 | 1,250 | $459,900 | 2026-06-26 |
| 19458 NW 28th Pl | single_family | 3 | 2 | 1,365 | $385,000 | 2026-06-26 |
| 2210 NW 175th St | single_family | 3 | 2 | 1,635 | $382,500 | 2026-06-23 |
| 3522 NW 193rd St | single_family | 3 | 2 | 1,304 | $325,000 | 2026-06-23 |
| 18830 NW 29th Pl | single_family | 3 | 2 | 1,340 | $465,000 | 2026-06-22 |
| 18200 NW 31st Ave | single_family | 3 | 1 | 1,012 | $400,000 | 2026-06-17 |
| 20401 NW 22nd Ave | single_family | 3 | 2 | 1,860 | $375,000 | 2026-06-16 |
| 3060 NW 203rd Ter | single_family | 3 | 2 | 1,205 | $550,000 | 2026-06-12 |
| 18130 NW 31st Ave | single_family | 3 | 1 | 2,132 | $440,000 | 2026-06-12 |
| 20831 NW 34th Ct | single_family | 3 | 1 | 888 | $485,000 | 2026-06-11 |
| 20107 NW 27th Cir | single_family | 3 | 2 | 1,140 | $405,000 | 2026-06-10 |
| 1771 NW 191st St | single_family | 3 | 2 | 1,665 | $599,000 | 2026-06-08 |
| 19725 NW 32nd Ct | single_family | 3 | 1 | 1,058 | $500,000 | 2026-06-03 |
| 20621 NW 24th Ct | single_family | 3 | 2 | 1,431 | $475,000 | 2026-06-03 |
| 20541 NW 34th Ct | single_family | 3 | 2 | 977 | $460,000 | 2026-06-01 |
| 3497 NW 191st St | single_family | 3 | 1 | 1,126 | $430,000 | 2026-06-01 |
| 2901 NW 174th St | single_family | 3 | 1 | 1,014 | $440,000 | 2026-06-01 |
| 18220 NW 31st Ave | single_family | 3 | 1 | 1,012 | $500,000 | 2026-05-28 |
| 3430 NW 173rd Ter | single_family | 3 | 2 | 1,572 | $585,000 | 2026-05-27 |
| 2931 NW 190th St | single_family | 3 | 1 | 1,140 | $545,000 | 2026-05-19 |
| 19133 NW 35th Ave | single_family | 3 | 1 | 1,114 | $396,000 | 2026-05-15 |
| 3355 NW 180th St | single_family | 3 | 1 | 2,232 | $425,000 | 2026-05-15 |
| 5240333480 | single_family | 3 | 2 | 999 | $333,500 | 2026-05-15 |
| 2285 NW 195th St | single_family | 3 | 2 | 1,632 | $525,000 | 2026-05-08 |
| 2521 NW 170th St | single_family | 3 | 2 | 1,614 | $524,900 | 2026-05-05 |
| 3431 NW 172nd Ter | single_family | 3 | 1 | 1,628 | $570,000 | 2026-04-28 |
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 |
|---|---|---|---|---|---|---|
| 3530 NW 170th St | single_family | 3 | 1 | 962 | $397,500 | — |
| 3441 NW 169th Ter | single_family | 3 | 2 | 1,314 | $349,900 | — |
| 1714 NW 204th St | single_family | 3 | 2 | 1,358 | $435,000 | — |
| 3281 NW 212th St | single_family | 3 | 2 | — | $445,000 | — |
| 3271 NW 173rd Ter | single_family | 3 | 2 | 1,464 | $535,000 | — |
| 2766 NW 168th Ter | single_family | 3 | 2 | 1,656 | $525,000 | — |
| 2340 NW 187th St | single_family | 3 | 2 | 1,562 | $535,000 | — |
| 17530 NW 27th Ct | single_family | 3 | 2 | 1,613 | $550,000 | — |
10-year hold projection
IRR1.4%
Equity multiple1.22x
Total return (10yr)$92,467
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $509,850 | $16,101 | -$16,267 | $391,707 | $118,144 |
| 2 | $525,146 | $16,672 | -$15,741 | $387,118 | $138,027 |
| 3 | $540,900 | $17,262 | -$15,198 | $382,215 | $158,685 |
| 4 | $557,127 | $17,872 | -$14,636 | $376,975 | $180,152 |
| 5 | $573,841 | $18,503 | -$14,055 | $371,375 | $202,466 |
| 6 | $591,056 | $19,155 | -$13,453 | $365,390 | $225,666 |
| 7 | $608,788 | $19,829 | -$12,831 | $358,995 | $249,793 |
| 8 | $627,051 | $20,526 | -$12,187 | $352,160 | $274,891 |
| 9 | $645,863 | $21,246 | -$11,521 | $344,856 | $301,007 |
| 10 | $665,239 | $21,991 | -$10,832 | $337,050 | $328,188 |
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.