19021 NW 12th Ct

Miami Gardens, FL 33169 · single_family · For Sale · 683 days on market
Asking price$690,000
4 beds 2 baths 2,059 sqft
View on Realtor.com →
Listed by LEON WEINSCHNEIDER · Beachfront Realty Inc
Typesingle_family
Built1958
Price / sqft$335
Est. value (own analysis)$706,356
Rent estimate (own analysis)$4,000/mo
HOANone
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Neighborhood

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Statusfor_sale
Listed date2024-10-20
Removed date
MLSMiamiMLS #A11677021
Coordinates25.94887, -80.22213
Address19021 NW 12th Ct
CityMiami Gardens
StateFL
Zip33169
Listing ID6493065403
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)

Purchase price$690,000
Down payment (20.0%)$138,000
Loan amount$552,000
Closing costs (5.0%)$34,500
Total cash to close$172,500
Rent (comp-derived)$4,000$48,000
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$48,000
Vacancy rate (assumption) assumption8.0%

$48,000 × 8.0% = $3,840

Effective gross income$3,680$44,160
Property tax (placeholder 1.9% of price)$1,093$13,110
Insurance (placeholder 0.8% of price)$460$5,520
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$200$2,400
Total operating expenses$1,753$21,030
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$44,160
Total operating expenses derived$21,030

$44,160 − $21,030 = $23,130

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$552,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$552,000 amortized at 6.7% over 30 years = $3,547/mo

CapEx reserve (5.0% of GSR)$200$2,400
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$23,130
Annual debt service derived$42,568
Annual CapEx reserve assumption$2,400
Annual PMI assumption$0

($23,130 − $42,568 − $2,400 − $0) ÷ 12 = -$1,820

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$23,130
Purchase price data$690,000

$23,130 ÷ $690,000 = 3.4%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$21,838
Total cash to close derived$172,500

-$21,838 ÷ $172,500 = -12.7%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$23,130
Annual debt service derived$42,568

$23,130 ÷ $42,568 = 0.54

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$48,000
Purchase price data$690,000

($48,000 ÷ 12) ÷ $690,000 = 0.6%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$690,000
Gross scheduled rent (annual) comp$48,000

$690,000 ÷ $48,000 = 14.4

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$21,030
Effective gross income derived$44,160

$21,030 ÷ $44,160 = 47.6%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$21,030
Annual debt service derived$42,568
Annual PMI assumption$0
Gross scheduled rent (annual) comp$48,000

($21,030 + $42,568 + $0) ÷ $48,000 = 132.5%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family421,491$4,300
single_family421,483$2,9302026-05-22
single_family431,795$4,0002026-08-04
single_family431,977$4,0002026-06-01
single_family421,638$4,6002026-07-31
single_family421,829$3,900
single_family421,470$3,200

160 NW 199th St

Miami, 33169 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,491
Listed
Days on market

Asking rent: $4,300

View on Zillow →

980 NW 182nd St

Miami Gardens, 33169 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,483
Listed2026-05-22
Days on market

Asking rent: $2,930

View on Zillow →

19731 NW 4th Ave

Miami Gardens, 33169 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,795
Listed2026-08-04
Days on market

Asking rent: $4,000

View on Zillow →

20081 NW 15th Ave

Miami Gardens, 33169 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,977
Listed2026-06-01
Days on market

Asking rent: $4,000

View on Zillow →

250 NW 191st St Unit 250

Miami Gardens, 33169 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,638
Listed2026-07-31
Days on market

Asking rent: $4,600

View on Zillow →

740 NW 178th Ter

Miami Gardens, 33169 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,829
Listed
Days on market

Asking rent: $3,900

View on Zillow →

4634 NW 185th St

Miami Gardens, 33169 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,470
Listed
Days on market

Asking rent: $3,200

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
1225 NW 189th Tersingle_family421,528$540,0002026-08-20
19320 NW 7th Avesingle_family421,248$460,0002026-08-17
295 NW 189th Tersingle_family421,395$510,0002026-08-14
365 NW 188th Stsingle_family421,323$539,0002026-08-13
580 NW 189th Tersingle_family421,264$545,0002026-08-12
1315 NW 196th Tersingle_family421,590$550,0002026-08-06
290 NW 191st Stsingle_family421,128$390,0002026-08-03
1081 NW 198th Stsingle_family432,110$599,0002026-07-27
1440 NW 179th Tersingle_family421,588$575,0002026-07-24
20100 NW 14th Ctsingle_family411,014$410,0002026-07-22
19241 NW 6th Ctsingle_family422,400$410,0002026-07-17
661 NW 191st Stsingle_family421,402$500,0002026-06-26
360 NW 199th Stsingle_family431,125$569,0002026-06-23
1350 NW 189th Tersingle_family431,884$660,0002026-06-08
911 NW 200th Tersingle_family421,692$595,0002026-06-05
1320 NW 179th Stsingle_family421,445$519,0002026-06-02
860 NW 171st Stsingle_family431,118$554,0002026-05-29
18001 NW 14th Ctsingle_family421,972$470,0002026-05-22
19450 NW 6th Avesingle_family421,196$550,0002026-05-19
1321 NW 171st Stsingle_family431,344$590,0002026-05-18
20503 NW 11th Avesingle_family423,004$590,5002026-05-14
1110 NW 183rd Stsingle_family421,851$635,0002026-04-27
1220 NW 190th Stsingle_family431,897$550,0002026-04-23
1413 NW 206th Stsingle_family431,865$495,0002026-04-17
17800 NW 11th Avesingle_family432,000$600,0002026-04-10
601 NW 198th Stsingle_family422,045$605,0002026-04-06
601 NW 187th Stsingle_family421,530$549,0002026-04-01
20606 NW 11th Ctsingle_family431,865$570,0002026-03-20
321 NW 201st Stsingle_family422,032$612,0002026-03-13
401 NW 183rd Stsingle_family421,761$560,0002026-03-06
17940 NW 13th Ctsingle_family431,379$590,0002026-03-05
20021 NW 14th Avesingle_family421,350$480,0002026-02-27
18005 NW 7th Avesingle_family421,419$441,0002026-02-23
5017956229single_family421,989$520,0002026-02-11
1021 NW 195th Stsingle_family421,530$529,0002026-02-03
770 NW 184th Drsingle_family431,885$495,0002026-01-16
1140 NW 193rd Stsingle_family431,896$670,0002026-01-13
19611 NW 4th Avesingle_family421,406$550,0002026-01-08
1220 NW 180th Tersingle_family432,068$610,0002026-01-06
1672 NW 192nd Tersingle_family432,877$720,0002026-01-05
722 NW 170th Stsingle_family421,519$490,0002025-12-30
20 NW 197th Stsingle_family432,007$617,0002025-12-26
17135 NW 12th Ctsingle_family422,155$575,0002025-12-23
30 NW 189th Stsingle_family421,547$460,0002025-12-18
19245 NW 12th Avesingle_family421,561$549,0002025-12-15
45 NW 158th Stsingle_family45$1,705,2502025-12-10
19110 N Miami Avesingle_family431,879$565,0002025-12-04
830 NW 173rd Tersingle_family442,640$619,5002025-12-03
19710 NW 11th Ctsingle_family432,234$513,0002025-12-01
551 NW 183rd Stsingle_family431,550$518,0002025-11-27

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
152 NW 165th Stsingle_family442,888$2,200,000
300 S Biscayne River Drsingle_family432,225$849,990
360 NW 179th Tersingle_family431,310$450,000
17950 NW 6th Ctsingle_family431,459$529,000
881 NW 177th Tersingle_family421,275$575,000
21431 NW 13th Ct Apt 116townhomes431,691$400,000
21105 NW 14th Pl Unit 4condos431,716$429,999
1251 NW 190th Stsingle_family422,064$499,000

10-year hold projection

IRR1.7%
Equity multiple1.27x
Total return (10yr)$137,549
YearProperty valueNOICash flowLoan balanceEquity
1$710,700$23,130-$21,838$546,015$164,685
2$732,021$23,929-$21,099$539,619$192,402
3$753,982$24,755-$20,334$532,784$221,198
4$776,601$25,608-$19,544$525,480$251,121
5$799,899$26,489-$18,727$517,674$282,226
6$823,896$27,400-$17,883$509,331$314,565
7$848,613$28,341-$17,010$500,416$348,197
8$874,071$29,313-$16,107$490,889$383,182
9$900,294$30,318-$15,174$480,708$419,586
10$927,302$31,355-$14,210$469,827$457,475
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.