17101 NW 29th Pl
Miami Gardens, FL 33056 · single_family · Pending — under contract · 103 days on market
Asking price$595,000
5 beds 2 baths 1,326 sqft
Suggested offer$448,307$146,693 above the est. market value of $448,307.
View on Realtor.com →Listed by Ariel Lopez · Island Living Realty, Llc
Typesingle_family
Built1954
Price / sqft$449
Est. value (own analysis)$448,307
Rent estimate (own analysis)$3,680/mo
HOANone
1 / 22
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Statusfor_sale
Listed date2026-05-22
Removed date—
MLSMiamiMLS #A12023540
Coordinates25.93012, -80.24905
Address17101 NW 29th Pl
CityMiami Gardens
StateFL
Zip33056
Listing ID6929635920
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 | $595,000 |
| Down payment (20.0%) | $119,000 |
| Loan amount | $476,000 |
| Closing costs (5.0%) | $29,750 |
| Total cash to close | $148,750 |
| Income | |
| Rent (comp-derived) | $3,680$44,160 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,386$40,627 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $942$11,305 |
| Insurance (placeholder 0.8% of price) | $397$4,760 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $184$2,208 |
| Total operating expenses | $1,523$18,273 |
| 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) | $184$2,208 |
| 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
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| single_family | 5 | 2 | 1,720 | $2,995 | 2026-07-12 | — | |
| single_family | 5 | 3 | 1,468 | $3,680 | 2026-05-29 | — | |
| single_family | 5 | 2 | 1,491 | $4,300 | 2026-08-26 | — |
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 |
|---|---|---|---|---|---|---|
| 17630 NW 36th Ave | single_family | 5 | 3 | 1,870 | $650,000 | 2026-07-24 |
| 3320 NW 172nd Ter | single_family | 5 | 3 | 1,614 | $680,000 | 2026-07-14 |
| 3560 NW 212th St | single_family | 5 | 3 | 1,713 | $635,000 | 2026-07-13 |
| 2980 NW 210th Ter | single_family | 5 | 3 | 1,931 | $615,000 | 2026-07-01 |
| 3281 NW 170th St | single_family | 5 | 2 | 1,568 | $495,000 | 2026-06-12 |
| 3224 NW 181st St | single_family | 5 | 3 | 1,752 | $615,000 | 2026-05-20 |
| 2840 NW 171st St | single_family | 5 | 3 | 1,963 | $645,000 | 2026-03-24 |
| 3119 NW 169th Ter | single_family | 5 | 2 | 2,715 | $620,000 | 2026-02-17 |
| 2051 NW 179th St | single_family | 5 | 4 | 4,735 | $502,500 | 2026-02-13 |
| 19320 NW 37th Ave | single_family | 5 | 4 | 2,340 | $650,000 | 2026-01-27 |
| 3510 NW 211th St | single_family | 5 | 3 | 1,416 | $615,000 | 2026-01-14 |
| 2442 NW 170th St | single_family | 5 | 3 | 1,795 | $640,000 | 2025-12-26 |
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 |
|---|---|---|---|---|---|---|
| 2310 NW 208th St | single_family | 5 | 2 | 1,494 | $579,900 | — |
| 3312 NW 182nd St | single_family | 5 | 4 | 1,392 | $645,000 | — |
| 2910 NW 175th St | single_family | 5 | 3 | — | $659,000 | — |
| 1895 NW 175th St | single_family | 5 | 3 | 3,168 | $995,000 | — |
| 17520 NW 17th Ave | single_family | 5 | 3 | 3,129 | $699,999 | — |
| 16920 NW 19th Ave | single_family | 5 | 3 | 2,749 | $849,000 | — |
| 2961 NW 173rd Ter | single_family | 5 | 4 | 2,260 | $685,000 | — |
| 18901 NW 28th Pl | single_family | 5 | 3 | 2,379 | $674,000 | — |
10-year hold projection
IRR2.8%
Equity multiple1.45x
Total return (10yr)$144,710
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $612,850 | $22,354 | -$16,561 | $470,839 | $142,011 |
| 2 | $631,236 | $23,116 | -$15,854 | $465,324 | $165,912 |
| 3 | $650,173 | $23,903 | -$15,123 | $459,430 | $190,743 |
| 4 | $669,678 | $24,716 | -$14,368 | $453,131 | $216,547 |
| 5 | $689,768 | $25,556 | -$13,588 | $446,400 | $243,368 |
| 6 | $710,461 | $26,424 | -$12,781 | $439,206 | $271,255 |
| 7 | $731,775 | $27,320 | -$11,947 | $431,519 | $300,256 |
| 8 | $753,728 | $28,245 | -$11,086 | $423,304 | $330,425 |
| 9 | $776,340 | $29,201 | -$10,196 | $414,524 | $361,816 |
| 10 | $799,630 | $30,189 | -$9,275 | $405,142 | $394,489 |
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.