20304 SW 186th St
Miami, FL 33187 · single_family · For Sale · 79 days on market
Asking price$999,900
2 beds 2 baths 1,110 sqft
Suggested offer$602,897$397,003 above the est. market value of $602,897.
View on Realtor.com →Listed by Alejandro Del Valle · Maverick Realty Group
Typesingle_family
Built2000
Price / sqft$901
Est. value (own analysis)$602,897
Rent estimate (own analysis)$2,950/mo
HOANone
1 / 33
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Statusfor_sale
Listed date2026-06-16
Removed date—
MLSMiamiMLS #A12037682
Coordinates25.59176, -80.52468
Address20304 SW 186th St
CityMiami
StateFL
Zip33187
Listing ID6980459815
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33187)
Typical home value (ZHVI)$720,811
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 | $999,900 |
| Down payment (20.0%) | $199,980 |
| Loan amount | $799,920 |
| Closing costs (5.0%) | $49,995 |
| Total cash to close | $249,975 |
| Income | |
| Rent (comp-derived) | $2,950$35,400 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,714$32,568 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,583$18,998 |
| Insurance (placeholder 0.8% of price) | $667$7,999 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $148$1,770 |
| Total operating expenses | $2,397$28,767 |
| 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) | $148$1,770 |
| 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 | 2 | 2 | 2,520 | $2,950 | 2026-08-20 | — |
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 |
|---|---|---|---|---|---|---|
| 17481 SW 192nd St | single_family | 2 | 2 | — | $1,120,000 | 2026-07-07 |
| 19695 SW 206th St | single_family | 2 | 2 | 1,657 | $900,000 | 2026-04-20 |
| 15401 SW 212th St | single_family | 2 | 2 | 1,305 | $755,000 | 2026-04-13 |
| 19001 SW 160th St | single_family | 2 | 3 | 1,902 | $1,700,000 | 2026-01-13 |
| 18650 SW 204th Ave | single_family | 2 | 2 | 1,830 | $880,000 | 2025-11-07 |
| 19980 SW 207th Ave | single_family | 2 | 2 | 1,780 | $840,000 | 2025-09-10 |
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 |
|---|---|---|---|---|---|---|
| 19051 SW 147th Ave | single_family | 2 | 4 | 2,146 | $6,499,000 | — |
| 19800 SW 180th Ave Lot 80 | mobile | 2 | 2 | 1,170 | $239,900 | — |
| 19800 SW 180th Ave Lot 584 | mobile | 2 | 2 | 850 | $199,900 | — |
10-year hold projection
IRR-6.0%
Equity multiple-0.01x
Total return (10yr)-$122,664
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,029,897 | $3,801 | -$59,655 | $791,247 | $238,650 |
| 2 | $1,060,794 | $4,059 | -$59,442 | $781,979 | $278,815 |
| 3 | $1,092,618 | $4,328 | -$59,218 | $772,074 | $320,544 |
| 4 | $1,125,396 | $4,609 | -$58,983 | $761,489 | $363,908 |
| 5 | $1,159,158 | $4,902 | -$58,738 | $750,177 | $408,982 |
| 6 | $1,193,933 | $5,208 | -$58,481 | $738,088 | $455,845 |
| 7 | $1,229,751 | $5,527 | -$58,212 | $725,169 | $504,582 |
| 8 | $1,266,643 | $5,859 | -$57,931 | $711,363 | $555,281 |
| 9 | $1,304,643 | $6,206 | -$57,637 | $696,608 | $608,034 |
| 10 | $1,343,782 | $6,567 | -$57,329 | $680,841 | $662,941 |
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.