3202 NW 182nd St

Miami Gardens, FL 33056 · single_family · Pending — under contract · 43 days on market
Asking price$450,000
3 beds 1 baths 1,012 sqft
Suggested offer$374,470$75,530 above the est. market value of $374,470.
View on Realtor.com →
Listed by Joel Gonzalez · The MOC Group, LLC.
Typesingle_family
Built1970
Price / sqft$445
Est. value (own analysis)$374,470
Rent estimate (own analysis)$3,050/mo
HOANone
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Neighborhood

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Statusfor_sale
Listed date2026-07-22
Removed date
MLSMiamiMLS #A12057848
Coordinates25.93945, -80.25354
Address3202 NW 182nd St
CityMiami Gardens
StateFL
Zip33056
Listing ID6948008029
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)

Purchase price$450,000
Down payment (20.0%)$90,000
Loan amount$360,000
Closing costs (5.0%)$22,500
Total cash to close$112,500
Rent (comp-derived)$3,050$36,600
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$36,600
Vacancy rate (assumption) assumption8.0%

$36,600 × 8.0% = $2,928

Effective gross income$2,806$33,672
Property tax (placeholder 1.9% of price)$713$8,550
Insurance (placeholder 0.8% of price)$300$3,600
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$153$1,830
Total operating expenses$1,165$13,980
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$33,672
Total operating expenses derived$13,980

$33,672 − $13,980 = $19,692

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$360,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$360,000 amortized at 6.7% over 30 years = $2,313/mo

CapEx reserve (5.0% of GSR)$153$1,830
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$19,692
Annual debt service derived$27,762
Annual CapEx reserve assumption$1,830
Annual PMI assumption$0

($19,692 − $27,762 − $1,830 − $0) ÷ 12 = -$825

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$19,692
Purchase price data$450,000

$19,692 ÷ $450,000 = 4.4%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$9,900
Total cash to close derived$112,500

-$9,900 ÷ $112,500 = -8.8%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$19,692
Annual debt service derived$27,762

$19,692 ÷ $27,762 = 0.71

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$36,600
Purchase price data$450,000

($36,600 ÷ 12) ÷ $450,000 = 0.7%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$450,000
Gross scheduled rent (annual) comp$36,600

$450,000 ÷ $36,600 = 12.3

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$13,980
Effective gross income derived$33,672

$13,980 ÷ $33,672 = 41.5%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$13,980
Annual debt service derived$27,762
Annual PMI assumption$0
Gross scheduled rent (annual) comp$36,600

($13,980 + $27,762 + $0) ÷ $36,600 = 114.0%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family321,325$2,6502026-01-08
single_family321,058$2,7902026-07-20
single_family311,175$3,5002026-08-26
single_family311,000$3,0002026-08-25
single_family31888$2,7002026-07-27
single_family32969$3,6002026-08-18
single_family321,170$3,1002026-05-18
single_family321,303$19,4852026-06-25
single_family331,330$3,100
single_family321,200$2,849

3010 NW 187th St

Miami Gardens, 33056 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,325
Listed2026-01-08
Days on market

Asking rent: $2,650

View on Zillow →

2940 NW 191st St

Miami Gardens, 33056 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,058
Listed2026-07-20
Days on market

Asking rent: $2,790

View on Zillow →

2381 NW 174th Ter Unit 0

Miami Gardens, 33056 · rent comp

Bedrooms / bathrooms3 bd / 1 ba
Square footage1,175
Listed2026-08-26
Days on market

Asking rent: $3,500

View on Zillow →

2983 NW 191st Ter

Miami Gardens, 33056 · rent comp

Bedrooms / bathrooms3 bd / 1 ba
Square footage1,000
Listed2026-08-25
Days on market

Asking rent: $3,000

View on Zillow →

20701 NW 34th Ct

Miami Gardens, 33056 · rent comp

Bedrooms / bathrooms3 bd / 1 ba
Square footage888
Listed2026-07-27
Days on market

Asking rent: $2,700

View on Zillow →

20440 NW 20th Ct Unit 0

Miami Gardens, 33056 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage969
Listed2026-08-18
Days on market

Asking rent: $3,600

View on Zillow →

2801 NW 183rd St

Miami Gardens, 33056 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,170
Listed2026-05-18
Days on market

Asking rent: $3,100

View on Zillow →

2225 NW 170th Ter

Miami Gardens, 33056 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,303
Listed2026-06-25
Days on market

Asking rent: $19,485

View on Zillow →

2767 NW 191st Ter # 0

Miami Gardens, 33056 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,330
Listed
Days on market

Asking rent: $3,100

View on Zillow →

20520 NW 24th Ct

Miami Gardens, 33056 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,200
Listed
Days on market

Asking rent: $2,849

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
3030 NW 176th Stsingle_family32988$436,0002026-08-26
2741 NW 172nd Tersingle_family321,415$585,0002026-08-25
3512 NW 176th Tersingle_family321,100$524,0002026-08-21
18815 NW 37th Avesingle_family321,701$530,0002026-08-13
2225 NW 195th Stsingle_family321,392$600,0002026-08-12
2950 NW 173rd Tersingle_family31988$317,5002026-08-07
17311 NW 24th Ctsingle_family311,272$529,0002026-08-07
5305511614single_family321,125$355,0002026-08-05
2831 NW 189th Stsingle_family321,430$650,0002026-08-04
17211 NW 37th Avesingle_family311,208$355,0002026-07-31
1805 NW 189th Tersingle_family321,555$550,0002026-07-30
20400 NW 25th Avesingle_family321,508$530,0002026-07-28
17011 NW 33rd Ctsingle_family312,387$690,0002026-07-27
2221 NW 170th Stsingle_family321,274$529,0002026-07-27
18440 NW 28th Plsingle_family321,346$510,0002026-07-24
18813 NW 32nd Avesingle_family321,144$465,0002026-07-23
2980 NW 170th Stsingle_family311,225$430,0002026-07-23
2831 NW 190th Stsingle_family321,582$545,0002026-07-22
2250 NW 170th Stsingle_family321,334$529,0002026-07-21
20103 NW 27th Cirsingle_family32870$415,0002026-07-14
19244 NW 30th Ctsingle_family311,000$400,0002026-07-13
19720 NW 33rd Avesingle_family321,104$540,0002026-07-09
3440 NW 209th Tersingle_family31888$380,0002026-07-06
17701 NW 32nd Ctsingle_family31864$400,0002026-06-30
2010 NW 185th Tersingle_family321,250$459,9002026-06-26
19458 NW 28th Plsingle_family321,365$385,0002026-06-26
2210 NW 175th Stsingle_family321,635$382,5002026-06-23
3522 NW 193rd Stsingle_family321,304$325,0002026-06-23
18830 NW 29th Plsingle_family321,340$465,0002026-06-22
18200 NW 31st Avesingle_family311,012$400,0002026-06-17
20401 NW 22nd Avesingle_family321,860$375,0002026-06-16
3060 NW 203rd Tersingle_family321,205$550,0002026-06-12
18130 NW 31st Avesingle_family312,132$440,0002026-06-12
20831 NW 34th Ctsingle_family31888$485,0002026-06-11
20107 NW 27th Cirsingle_family321,140$405,0002026-06-10
1771 NW 191st Stsingle_family321,665$599,0002026-06-08
19725 NW 32nd Ctsingle_family311,058$500,0002026-06-03
20621 NW 24th Ctsingle_family321,431$475,0002026-06-03
20541 NW 34th Ctsingle_family32977$460,0002026-06-01
3497 NW 191st Stsingle_family311,126$430,0002026-06-01
2901 NW 174th Stsingle_family311,014$440,0002026-06-01
18220 NW 31st Avesingle_family311,012$500,0002026-05-28
3430 NW 173rd Tersingle_family321,572$585,0002026-05-27
2931 NW 190th Stsingle_family311,140$545,0002026-05-19
19133 NW 35th Avesingle_family311,114$396,0002026-05-15
3355 NW 180th Stsingle_family312,232$425,0002026-05-15
5240333480single_family32999$333,5002026-05-15
2285 NW 195th Stsingle_family321,632$525,0002026-05-08
2521 NW 170th Stsingle_family321,614$524,9002026-05-05
3431 NW 172nd Tersingle_family311,628$570,0002026-04-28

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
3530 NW 170th Stsingle_family31962$397,500
3441 NW 169th Tersingle_family321,314$349,900
1714 NW 204th Stsingle_family321,358$435,000
3281 NW 212th Stsingle_family32$445,000
3271 NW 173rd Tersingle_family321,464$535,000
2766 NW 168th Tersingle_family321,656$525,000
2340 NW 187th Stsingle_family321,562$535,000
17530 NW 27th Ctsingle_family321,613$550,000

10-year hold projection

IRR4.5%
Equity multiple1.72x
Total return (10yr)$139,625
YearProperty valueNOICash flowLoan balanceEquity
1$463,500$19,692-$9,900$356,097$107,403
2$477,405$20,353-$9,285$351,925$125,480
3$491,727$21,035-$8,649$347,468$144,259
4$506,479$21,739-$7,993$342,704$163,775
5$521,673$22,467-$7,315$337,613$184,060
6$537,324$23,218-$6,614$332,172$205,151
7$553,443$23,994-$5,890$326,358$227,085
8$570,047$24,794-$5,142$320,145$249,902
9$587,148$25,621-$4,370$313,505$273,643
10$604,762$26,475-$3,572$306,408$298,354
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.