3748 NE 209th Ter
Aventura, FL 33180 · townhomes · For Sale · 37 days on market
Asking price$1,195,000
3 beds 3 baths 2,179 sqft
Suggested offer$544,881$650,119 above the est. market value of $544,881.
View on Realtor.com →Listed by Scott Patterson · BHHS EWM Realty
Typetownhomes
Built1988
Price / sqft$548
Est. value (own analysis)$544,881
Rent estimate (own analysis)$4,899/mo
HOA$890/mo
1 / 34
Show every detail
Statusfor_sale
Listed date2026-07-27
Removed date—
MLSMiamiMLS #A12058321
Coordinates25.97000, -80.12600
Address3748 NE 209th Ter
CityAventura
StateFL
Zip33180
Listing ID6786098881
Sourceus-real-estate-listings, cached 2026-09-02
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 | $1,195,000 |
| Down payment (20.0%) | $239,000 |
| Loan amount | $956,000 |
| Closing costs (5.0%) | $59,750 |
| Total cash to close | $298,750 |
| Income | |
| Rent (comp-derived) | $4,899$58,788 |
| Vacancy loss (8.0%) | |
| Effective gross income | $4,507$54,085 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,892$22,705 |
| Insurance (placeholder 0.8% of price) | $797$9,560 |
| HOA dues | $890$10,680 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $245$2,939 |
| Total operating expenses | $3,824$45,884 |
| 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) | $245$2,939 |
| 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 | 1,520 | $6,000 | 2026-06-29 | — | |
| townhomes | 3 | 2 | 1,579 | $2,900 | 2026-05-29 | — | |
| townhomes | 3 | 3 | 2,500 | $4,899 | 2026-08-17 | — |
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 |
|---|---|---|---|---|---|---|
| 19220 NE 25th Ave Unit 271B | townhomes | 3 | 3 | 1,688 | $400,000 | 2026-07-16 |
| 20200 W Country Club Dr Apt 112 | townhomes | 3 | 3 | 1,330 | $350,000 | 2026-07-13 |
| 3525 Magellan Cir Apt 626 | townhomes | 3 | 3 | 1,707 | $720,000 | 2026-07-08 |
| 20350 W Country Club Dr Apt 123 | townhomes | 3 | 3 | 1,330 | $312,500 | 2026-06-15 |
| 20350 W Country Club Dr Unit 120-4 | townhomes | 3 | 3 | 1,330 | $270,000 | 2026-06-10 |
| 21160 Mainsail Cir Apt H12 | townhomes | 3 | 3 | 1,520 | $625,000 | 2026-06-10 |
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 |
|---|---|---|---|---|---|---|
| 2558 NE 206th Ter | single_family | 3 | 3 | 2,053 | $1,269,000 | — |
| 20950 NE 25th Ct | single_family | 3 | 2 | 1,800 | $1,790,000 | — |
| 2450 NE 209th Ter | single_family | 3 | 3 | 1,609 | $1,345,000 | — |
| 2535 NE 193rd St Unit 3104 | condos | 3 | 3 | 1,275 | $465,000 | — |
| 2505 NE 193rd St Unit 4108 | condo_townhome_rowhome_coop | 3 | 3 | 1,309 | $495,000 | — |
| 2501 NE 209th Ter | single_family | 3 | 2 | 1,375 | $1,350,000 | — |
| 19440 NE 26th Ave Unit 52B | townhomes | 3 | 3 | 1,688 | $480,000 | — |
| 19220 NE 25th Ave Unit 274B | townhomes | 3 | 3 | 1,688 | $488,180 | — |
10-year hold projection
IRR-5.3%
Equity multiple0.11x
Total return (10yr)-$110,896
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,230,850 | $8,201 | -$68,461 | $945,635 | $285,215 |
| 2 | $1,267,776 | $8,676 | -$68,059 | $934,558 | $333,218 |
| 3 | $1,305,809 | $9,171 | -$67,639 | $922,720 | $383,088 |
| 4 | $1,344,983 | $9,688 | -$67,200 | $910,070 | $434,913 |
| 5 | $1,385,333 | $10,225 | -$66,741 | $896,551 | $488,782 |
| 6 | $1,426,892 | $10,785 | -$66,262 | $882,103 | $544,789 |
| 7 | $1,469,699 | $11,368 | -$65,762 | $866,663 | $603,036 |
| 8 | $1,513,790 | $11,976 | -$65,241 | $850,164 | $663,627 |
| 9 | $1,559,204 | $12,608 | -$64,696 | $832,531 | $726,673 |
| 10 | $1,605,980 | $13,265 | -$64,128 | $813,687 | $792,293 |
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.