2950 NE 188th St Apt 406
Aventura, FL 33180 · condos · For Sale · 53 days on market
Asking price$575,000
1 beds 2 baths 1,214 sqft
Suggested offer$281,868$293,132 above the est. market value of $281,868.
View on Realtor.com →Listed by Cassio Faccin · FACCIN Group Realty
Typecondos
Built2008
Price / sqft$474
Est. value (own analysis)$281,868
Rent estimate (own analysis)$2,719/mo
HOA$1,450/mo
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Show every detail
Statusfor_sale
Listed date2026-07-11
Removed date—
MLSMiamiMLS #A12051992
Coordinates25.94877, -80.13995
Address2950 NE 188th St Apt 406
CityAventura
StateFL
Zip33180
Listing ID6646311120
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33180)
Typical home value (ZHVI)$463,036
Typical rent (ZORI)$3,210/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 | $575,000 |
| Down payment (20.0%) | $115,000 |
| Loan amount | $460,000 |
| Closing costs (5.0%) | $28,750 |
| Total cash to close | $143,750 |
| Income | |
| Rent (comp-derived) | $2,719$32,628 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,501$30,018 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $910$10,925 |
| Insurance (placeholder 0.8% of price) | $383$4,600 |
| HOA dues | $1,450$17,400 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $136$1,631 |
| Total operating expenses | $2,880$34,556 |
| 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) | $136$1,631 |
| 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 |
|---|---|---|---|---|---|---|---|
| condos | 1 | 1 | 841 | $2,300 | 2026-08-19 | — | |
| apartment | 1 | 1 | 795 | $2,364 | 2024-06-11 | — | |
| condos | 1 | 2 | 910 | $2,300 | 2026-06-04 | — | |
| condos | 1 | 1 | 859 | $2,250 | 2026-05-15 | — | |
| apartment | 1 | 1 | 904 | $3,160 | — | — | |
| apartment | 1 | 1 | 806 | $3,181 | — | — | |
| apartment | 1 | 1 | 820 | $2,460 | — | — | |
| apartment | 1 | 1 | 850 | $2,366 | — | — | |
| apartment | 1 | 1 | 860 | $2,389 | — | — | |
| apartment | 1 | 1 | 860 | $2,129 | 2024-06-11 | — | |
| apartment | 1 | 1 | 806 | $2,485 | 2025-05-01 | — | |
| condos | 1 | 2 | 913 | $1,700 | 2026-05-11 | — | |
| condos | 1 | 2 | 913 | $1,800 | 2026-08-13 | — | |
| condos | 1 | 1 | 828 | $2,650 | 2026-08-25 | — | |
| condos | 1 | 2 | 800 | $1,500 | 2026-03-13 | — | |
| condos | 1 | 2 | 800 | $1,650 | 2026-08-04 | — | |
| condos | 1 | 2 | 800 | $1,690 | 2026-07-14 | — | |
| apartment | 1 | 1 | 940 | $1,700 | 2023-11-10 | — | |
| condos | 1 | 2 | 1,077 | $2,200 | 2026-07-30 | — | |
| condos | 1 | 1 | 914 | $2,500 | 2026-08-19 | — | |
| condos | 1 | 2 | 800 | $1,700 | 2026-08-04 | — | |
| condos | 1 | 2 | 1,038 | $1,950 | 2026-08-19 | — | |
| condos | 1 | 1 | 820 | $1,600 | 2026-06-11 | — | |
| condos | 1 | 1 | 859 | $2,250 | 2026-06-17 | — | |
| condos | 1 | 2 | 913 | $2,100 | 2026-08-12 | — | |
| condos | 1 | 2 | 913 | $2,200 | 2026-08-19 | — | |
| condos | 1 | 1 | 800 | $1,800 | 2026-06-30 | — | |
| condos | 1 | 2 | 1,077 | $2,300 | 2026-07-13 | — | |
| condos | 1 | 1 | 800 | $1,650 | 2026-05-20 | — | |
| condos | 1 | 2 | 800 | $1,600 | 2026-08-08 | — | |
| apartment | 1 | 1 | 860 | $2,350 | 2026-06-01 | — | |
| condos | 1 | 2 | 850 | $1,700 | 2026-07-31 | — | |
| condos | 1 | 2 | 1,065 | $2,490 | 2026-07-03 | — | |
| condos | 1 | 2 | 816 | $2,700 | 2026-07-10 | — | |
| condos | 1 | 1 | 800 | $2,500 | 2026-07-19 | — | |
| condos | 1 | 2 | 1,214 | $3,970 | 2026-07-11 | — | |
| condos | 1 | 1 | 841 | $2,400 | 2026-08-07 | — | |
| condos | 1 | 1 | 860 | $2,300 | 2026-06-18 | — | |
| condos | 1 | 1 | 919 | $2,800 | 2026-07-24 | — | |
| condos | 1 | 2 | 913 | $2,900 | 2026-08-10 | — | |
| condos | 1 | 2 | 1,050 | $3,600 | 2026-08-06 | — | |
| condos | 1 | 2 | 1,300 | $3,300 | 2026-06-12 | — | |
| condos | 1 | 1 | 800 | $2,675 | 2025-04-18 | — | |
| condos | 1 | 1 | 859 | $2,200 | 2026-07-03 | — | |
| condos | 1 | 1 | 860 | $2,500 | 2026-06-30 | — | |
| condos | 1 | 1 | 859 | $2,285 | 2026-04-20 | — | |
| condos | 1 | 2 | 1,038 | $2,500 | 2026-06-10 | — | |
| condos | 1 | 2 | 1,077 | $2,500 | 2026-06-25 | — | |
| condos | 1 | 2 | 1,077 | $2,750 | 2026-04-10 | — | |
| condos | 1 | 2 | 1,065 | $2,150 | 2026-06-17 | — | |
| condos | 1 | 2 | 816 | $2,900 | 2026-05-06 | — | |
| condos | 1 | 1 | 919 | $2,600 | 2026-07-13 | — | |
| condos | 1 | 2 | 1,065 | $3,000 | 2026-03-31 | — | |
| condos | 1 | 1 | 859 | $2,250 | 2026-05-05 | — | |
| condos | 1 | 2 | 1,038 | $2,100 | 2026-03-11 | — | |
| apartment | 1 | 1 | 800 | $1,900 | 2026-06-21 | — | |
| condos | 1 | 1 | 850 | $2,900 | — | — | |
| condos | 1 | 2 | 816 | $3,000 | 2026-08-12 | — | |
| condos | 1 | 2 | 867 | $3,600 | 2026-05-05 | — | |
| condos | 1 | 2 | 1,077 | $4,250 | 2026-06-26 | — | |
| condos | 1 | 2 | 913 | $2,000 | 2026-08-10 | — | |
| apartment | 1 | 1 | 834 | $2,312 | — | — | |
| condos | 1 | 2 | 816 | $2,700 | 2026-08-07 | — | |
| apartment | 1 | 1 | 904 | $3,685 | — | — | |
| apartment | 1 | 1 | 965 | $4,010 | — | — | |
| apartment | 1 | 1 | 790 | $2,619 | — | — | |
| apartment | 1 | 1 | 790 | $2,619 | — | — | |
| apartment | 1 | 1 | 790 | $2,719 | — | — | |
| apartment | 1 | 1 | 950 | $2,800 | — | — | |
| apartment | 1 | 1 | 950 | $2,925 | — | — | |
| apartment | 1 | 1 | 1,050 | $2,659 | — | — | |
| apartment | 1 | 1 | 904 | $3,210 | — | — | |
| apartment | 1 | 1 | 904 | $3,235 | — | — | |
| apartment | 1 | 1 | 950 | $2,900 | — | — | |
| apartment | 1 | 1 | 834 | $2,332 | — | — | |
| apartment | 1 | 1 | 860 | $2,459 | — | — | |
| apartment | 1 | 1 | 880 | $2,519 | — | — | |
| apartment | 1 | 1 | 860 | $2,429 | — | — | |
| apartment | 1 | 1 | 790 | $2,544 | — | — | |
| apartment | 1 | 1 | 790 | $2,619 | — | — | |
| apartment | 1 | 1 | 1,050 | $2,789 | — | — | |
| apartment | 1 | 1 | 1,050 | $2,759 | — | — | |
| apartment | 1 | 1 | 950 | $2,925 | — | — | |
| apartment | 1 | 1 | 950 | $2,900 | — | — | |
| apartment | 1 | 1 | 904 | $3,185 | — | — | |
| apartment | 1 | 1 | 904 | $3,260 | — | — | |
| apartment | 1 | 1 | 904 | $3,260 | — | — | |
| apartment | 1 | 1 | 904 | $3,360 | — | — | |
| apartment | 1 | 1 | 895 | $4,060 | — | — | |
| apartment | 1 | 1 | 965 | $4,110 | — | — | |
| apartment | 1 | 1 | 904 | $3,085 | — | — | |
| apartment | 1 | 1 | 904 | $3,210 | — | — | |
| apartment | 1 | 1 | 904 | $3,260 | — | — | |
| apartment | 1 | 1 | 904 | $3,460 | — | — | |
| apartment | 1 | 1 | 904 | $3,560 | — | — | |
| apartment | 1 | 1 | 950 | $3,025 | — | — | |
| apartment | 1 | 1 | 904 | $3,110 | — | — | |
| apartment | 1 | 2 | 1,085 | $3,120 | — | — | |
| apartment | 1 | 1 | 904 | $3,135 | — | — | |
| apartment | 1 | 1 | 904 | $3,210 | — | — | |
| apartment | 1 | 1 | 904 | $3,185 | — | — | |
| apartment | 1 | 1 | 904 | $3,235 | — | — | |
| apartment | 1 | 1 | 904 | $3,210 | — | — | |
| apartment | 1 | 1 | 904 | $3,235 | — | — | |
| apartment | 1 | 1 | 895 | $3,435 | — | — | |
| apartment | 1 | 1 | 904 | $3,360 | — | — | |
| apartment | 1 | 1 | 904 | $3,460 | — | — | |
| apartment | 1 | 1 | 904 | $3,460 | — | — | |
| apartment | 1 | 1 | 895 | $3,635 | — | — | |
| apartment | 1 | 1 | 904 | $3,560 | — | — | |
| apartment | 1 | 1 | 965 | $3,810 | — | — | |
| apartment | 1 | 1 | 895 | $3,835 | — | — | |
| apartment | 1 | 1 | 904 | $3,660 | — | — | |
| apartment | 1 | 1 | 904 | $3,685 | — | — | |
| apartment | 1 | 1 | 904 | $3,885 | — | — | |
| apartment | 1 | 1 | 895 | $3,935 | — | — | |
| apartment | 1 | 1 | 965 | $4,235 | — | — | |
| condos | 1 | 2 | 913 | $1,850 | 2026-07-27 | — | |
| condos | 1 | 1 | 857 | $2,900 | 2026-09-01 | — |
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 |
|---|---|---|---|---|---|---|
| 19901 E Country Club Dr Unit 2103 | condos | 1 | 1 | 730 | $290,000 | 2026-08-28 |
| 20500 W Country Club Dr Apt 210 | condos | 1 | 2 | 741 | $145,000 | 2026-08-14 |
| 3029 NE 188th St Apt 1019 | condos | 1 | 2 | 816 | $380,000 | 2026-08-14 |
| 2880 NE 203rd St Unit 28B | condos | 1 | 1 | — | $200,000 | 2026-08-13 |
| 20335 W Country Club Dr Apt 2601 | condos | 1 | 2 | 1,038 | $220,000 | 2026-07-24 |
| 20379 W Country Club Dr Apt 1035 | condos | 1 | 2 | 913 | $150,000 | 2026-07-13 |
| 19195 NE 36th Ct Unit 2304 | condos | 1 | 1 | 857 | $305,000 | 2026-07-03 |
| 20400 W Country Club Dr Apt 817 | condos | 1 | 2 | 741 | $150,000 | 2026-06-30 |
| 20379 W Country Club Dr Unit 935-3 | condos | 1 | 2 | 913 | $192,500 | 2026-06-29 |
| 20301 W Country Club Dr Apt 1421 | condos | 1 | 2 | 1,038 | $200,000 | 2026-06-25 |
| 19900 E Country Club Dr Apt 1214 | condos | 1 | 1 | 900 | $350,000 | 2026-06-18 |
| 3675 N Country Club Dr Apt 1705 | condos | 1 | 2 | 755 | $232,000 | 2026-06-12 |
| 3300 NE 191st St Apt 1915 | condos | 1 | 2 | 1,104 | $275,000 | 2026-06-11 |
| 3564 Magellan Cir Unit 211-1 | condos | 1 | 2 | 926 | $215,000 | 2026-06-06 |
| 20500 W Country Club Dr Apt 716 | condos | 1 | 2 | 741 | $130,000 | 2026-06-05 |
| 20301 W Country Club Dr Apt 1425 | condos | 1 | 2 | 913 | $160,000 | 2026-06-05 |
| 3675 N Country Club Dr Apt 105 | condos | 1 | 2 | 755 | $165,800 | 2026-05-29 |
| 3001 NE 185th St Apt 638 | condos | 1 | 1 | 836 | $305,000 | 2026-05-21 |
| 19501 W Country Club Dr Apt 1202 | condos | 1 | 1 | 870 | $380,000 | 2026-05-18 |
| 20379 W Country Club Dr Apt 937 | condos | 1 | 2 | 913 | $242,500 | 2026-05-15 |
| 20301 W Country Club Dr Apt 621 | condos | 1 | 2 | 1,038 | $180,000 | 2026-05-12 |
| 20301 W Country Club Dr Ph 25 | condos | 1 | 2 | 913 | $196,000 | 2026-05-01 |
| 5594304846 | condos | 1 | 1 | 900 | $325,000 | 2026-04-24 |
| 19901 E Country Club Dr Unit 2403 | condos | 1 | 1 | 730 | $365,000 | 2026-04-23 |
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 |
|---|---|---|---|---|---|---|
| 18550 NE 23rd Ct Unit 302 | condos | 1 | 1 | 611 | $591,186 | — |
| 18550 NE 23rd Ct Unit 201 | condos | 1 | 1 | 466 | $476,091 | — |
| 18550 NE 23rd Ct Unit 205 | condos | 1 | 1 | 465 | $463,950 | — |
| 19380 NE 26th Ave Unit 304 | condos | 1 | 1 | — | $348,000 | — |
| 2961 NE 185th St Apt 1609 | condos | 1 | 1 | 859 | $265,000 | — |
| 19380 NE 26th Ave Unit 205 | condos | 1 | 1 | 964 | $378,000 | — |
| 2941 NE 185th St Apt 1305 | townhomes | 1 | 1 | 859 | $320,000 | — |
| 3625 N Country Club Dr Ph 5 | condos | 1 | 2 | 755 | $299,900 | — |
10-year hold projection
IRR-9.2%
Equity multiple-0.56x
Total return (10yr)-$149,807
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $592,250 | -$4,539 | -$41,643 | $455,013 | $137,237 |
| 2 | $610,018 | -$4,502 | -$41,647 | $449,683 | $160,335 |
| 3 | $628,318 | -$4,460 | -$41,647 | $443,987 | $184,331 |
| 4 | $647,168 | -$4,412 | -$41,642 | $437,900 | $209,268 |
| 5 | $666,583 | -$4,359 | -$41,632 | $431,395 | $235,188 |
| 6 | $686,580 | -$4,299 | -$41,617 | $424,443 | $262,137 |
| 7 | $707,177 | -$4,232 | -$41,597 | $417,014 | $290,163 |
| 8 | $728,393 | -$4,159 | -$41,571 | $409,075 | $319,318 |
| 9 | $750,245 | -$4,078 | -$41,539 | $400,590 | $349,654 |
| 10 | $772,752 | -$3,990 | -$41,500 | $391,523 | $381,229 |
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.