3300 NE 188th St Apt 318

Aventura, FL 33180 · condos · For Sale · 75 days on market
Asking price$3,475,000
4 beds 6 baths 3,801 sqft
Suggested offer$2,120,046$1,354,954 above the est. market value of $2,120,046.
View on Realtor.com →
Listed by Leila Chikhladze · Lifestyle International Realty
Typecondos
Built2015
Price / sqft$914
Est. value (own analysis)$2,120,046
Rent estimate (own analysis)$14,000/mo
HOA$5,350/mo
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-06-19
Removed date
MLSMiamiMLS #A12040228
Coordinates25.94903, -80.13555
Address3300 NE 188th St Apt 318
CityAventura
StateFL
Zip33180
Listing ID6828751325
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)

Purchase price$3,475,000
Down payment (20.0%)$695,000
Loan amount$2,780,000
Closing costs (5.0%)$173,750
Total cash to close$868,750
Rent (comp-derived)$14,000$168,000
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$168,000
Vacancy rate (assumption) assumption8.0%

$168,000 × 8.0% = $13,440

Effective gross income$12,880$154,560
Property tax (placeholder 1.9% of price)$5,502$66,025
Insurance (placeholder 0.8% of price)$2,317$27,800
HOA dues$5,350$64,200
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$700$8,400
Total operating expenses$13,869$166,425
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$154,560
Total operating expenses derived$166,425

$154,560 − $166,425 = -$11,865

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$2,780,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$2,780,000 amortized at 6.7% over 30 years = $17,865/mo

CapEx reserve (5.0% of GSR)$700$8,400
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-$11,865
Annual debt service derived$214,380
Annual CapEx reserve assumption$8,400
Annual PMI assumption$0

(-$11,865 − $214,380 − $8,400 − $0) ÷ 12 = -$19,554

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived-$11,865
Purchase price data$3,475,000

-$11,865 ÷ $3,475,000 = -0.3%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$234,645
Total cash to close derived$868,750

-$234,645 ÷ $868,750 = -27.0%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived-$11,865
Annual debt service derived$214,380

-$11,865 ÷ $214,380 = -0.06

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$168,000
Purchase price data$3,475,000

($168,000 ÷ 12) ÷ $3,475,000 = 0.4%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$3,475,000
Gross scheduled rent (annual) comp$168,000

$3,475,000 ÷ $168,000 = 20.7

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$166,425
Effective gross income derived$154,560

$166,425 ÷ $154,560 = 107.7%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$166,425
Annual debt service derived$214,380
Annual PMI assumption$0
Gross scheduled rent (annual) comp$168,000

($166,425 + $214,380 + $0) ÷ $168,000 = 226.7%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
condos453,400$10,8002026-06-11
condos452,587$15,0002026-08-18
condos453,290$10,7002026-01-22
condos462,624$18,0002026-06-21
condos452,950$14,0002026-01-29

21050 NE 38th Ave Apt 305

Aventura, 33180 · rent comp

Bedrooms / bathrooms4 bd / 5 ba
Square footage3,400
Listed2026-06-11
Days on market

Asking rent: $10,800

View on Zillow →

3250 NE 188th St Apt 101

Aventura, 33180 · rent comp

Bedrooms / bathrooms4 bd / 5 ba
Square footage2,587
Listed2026-08-18
Days on market

Asking rent: $15,000

View on Zillow →

3300 NE 188th St Apt 917

Aventura, 33180 · rent comp

Bedrooms / bathrooms4 bd / 5 ba
Square footage3,290
Listed2026-01-22
Days on market

Asking rent: $10,700

View on Zillow →

3300 NE 188th St Apt 210

Aventura, 33180 · rent comp

Bedrooms / bathrooms4 bd / 6 ba
Square footage2,624
Listed2026-06-21
Days on market

Asking rent: $18,000

View on Zillow →

20165 NE 39th Pl Units 303 & 204

Aventura, 33180 · rent comp

Bedrooms / bathrooms4 bd / 5 ba
Square footage2,950
Listed2026-01-29
Days on market

Asking rent: $14,000

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
3300 NE 188th St Unit LPH16condos452,942$2,500,0002026-08-03
20201 E Country Club Dr Apt 901condos453,575$1,999,0002026-06-24
3300 NE 188th St Apt 812condos462,559$1,689,0002026-05-28
19667 Turnberry Way Apt 16GRcondos453,426$1,160,0002026-04-30
19667 Turnberry Way Unit 3ABcondos443,044$900,0002026-04-28
19667 Turnberry Way Apt 27Jcondos432,360$1,313,0002026-04-17

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
19694 NE 24th Avesingle_family442,863$2,580,000
2616 NE 214th Stsingle_family44899$489,000
19885 NE 22nd Avesingle_family443,898$1,775,000
2627 NE 213th Stsingle_family421,473$899,900
19731 NE 24th Avesingle_family443,228$2,395,000
19667 Turnberry Way Apt 20GRcondos443,426$1,900,000
2511 NE 209th Tersingle_family452,150$2,150,000
2301 NE 196th Stsingle_family442,668$1,850,000

10-year hold projection

IRR-8.0%
Equity multiple-0.35x
Total return (10yr)-$721,626
YearProperty valueNOICash flowLoan balanceEquity
1$3,579,250-$11,865-$234,645$2,749,859$829,391
2$3,686,628-$11,389-$234,379$2,717,647$968,980
3$3,797,226-$10,878-$234,083$2,683,224$1,114,002
4$3,911,143-$10,330-$233,756$2,646,437$1,264,706
5$4,028,477-$9,743-$233,396$2,607,124$1,421,354
6$4,149,332-$9,117-$233,001$2,565,111$1,584,221
7$4,273,812-$8,449-$232,571$2,520,213$1,753,599
8$4,402,026-$7,738-$232,103$2,472,231$1,929,795
9$4,534,087-$6,981-$231,596$2,420,955$2,113,132
10$4,670,109-$6,176-$231,047$2,366,158$2,303,952
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.