8201 NW 41st St Unit D203

Doral, FL 33166 · condos · For Sale · 113 days on market
Asking price$450,000
3 beds 2 baths 1,124 sqft
View on Realtor.com →
Listed by Mary Friso · Viel & Ritter Realty Group, Inc.
Typecondos
Built2022
Price / sqft$400
Est. value (own analysis)$512,016
Rent estimate (own analysis)$3,600/mo
HOA$821/mo
Wind10/10Extreme$Heat10/10ExtremeFlood2/10minor$Air2/10MinorWildfire1/10Minimal
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-05-12
Removed date
MLSMiamiMLS #A12017876
Coordinates25.81193, -80.32960
Address8201 NW 41st St Unit D203
CityDoral
StateFL
Zip33166
Listing ID9080305219
Sourceus-real-estate-listings, cached 2026-09-01

ZIP market snapshot (33166)

Typical home value (ZHVI)$610,998
Typical rent (ZORI)$2,899/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$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)$3,600$43,200
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$43,200
Vacancy rate (assumption) assumption8.0%

$43,200 × 8.0% = $3,456

Effective gross income$3,312$39,744
Property tax (placeholder 1.9% of price)$713$8,550
Insurance (est. scaled by flood & wind risk)$450$5,400
HOA dues$821$9,852
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$180$2,160
Total operating expenses$2,164$25,962
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$39,744
Total operating expenses derived$25,962

$39,744 − $25,962 = $13,782

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)$180$2,160
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$13,782
Annual debt service derived$27,762
Annual CapEx reserve assumption$2,160
Annual PMI assumption$0

($13,782 − $27,762 − $2,160 − $0) ÷ 12 = -$1,345

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$13,782
Purchase price data$450,000

$13,782 ÷ $450,000 = 3.1%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$16,140
Total cash to close derived$112,500

-$16,140 ÷ $112,500 = -14.3%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$13,782
Annual debt service derived$27,762

$13,782 ÷ $27,762 = 0.50

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$43,200
Purchase price data$450,000

($43,200 ÷ 12) ÷ $450,000 = 0.8%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$450,000
Gross scheduled rent (annual) comp$43,200

$450,000 ÷ $43,200 = 10.4

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$25,962
Effective gross income derived$39,744

$25,962 ÷ $39,744 = 65.3%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$25,962
Annual debt service derived$27,762
Annual PMI assumption$0
Gross scheduled rent (annual) comp$43,200

($25,962 + $27,762 + $0) ÷ $43,200 = 124.4%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
apartment321,419$4,020
condos321,334$3,5502026-08-27
condos321,334$3,3002025-12-13
apartment321,124$3,3002026-05-06
condos321,334$3,1502026-07-27
condos321,333$4,6002026-07-29
condos321,052$3,6002026-03-25
condos331,379$4,2002026-06-19
condos321,124$3,1002026-08-19
apartment321,124$3,3002026-08-01
condos321,124$3,4502026-08-03
condos321,124$3,2502026-07-21
condos321,124$3,6002026-07-30
condos321,124$3,2002026-08-14
condos321,124$3,6002026-08-04
apartment321,124$3,2002026-08-18
condos321,129$3,4002026-07-24
condos321,124$3,3002026-08-18
condos321,129$3,5002026-07-20
condos331,200$3,795
apartment321,408$4,190
apartment321,373$4,401
apartment321,303$7,116
apartment321,419$3,650
apartment321,302$4,186
apartment321,305$4,029
apartment321,408$4,135
apartment321,303$5,964
apartment321,303$6,132
condos321,124$3,1502026-08-31

3940 NW 79th Ave # 001-441

Miami, 33166 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,419
Listed
Days on market

Asking rent: $4,020

View on Zillow →

8265 NW 41st St Unit C206

Doral, 33166 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,334
Listed2026-08-27
Days on market

Asking rent: $3,550

View on Zillow →

8001 NW 41st St Apt 207

Doral, 33166 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,334
Listed2025-12-13
Days on market

Asking rent: $3,300

View on Zillow →

8001 NW 41st St Apt 206

Doral, 33166 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,124
Listed2026-05-06
Days on market

Asking rent: $3,300

View on Zillow →

8363 NW 41st St Unit A306

Doral, 33166 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,334
Listed2026-07-27
Days on market

Asking rent: $3,150

View on Zillow →

5300 Paseo Blvd Unit 502

Doral, 33166 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,333
Listed2026-07-29
Days on market

Asking rent: $4,600

View on Zillow →

5252 NW 85th Ave Apt 1410

Doral, 33166 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,052
Listed2026-03-25
Days on market

Asking rent: $3,600

View on Zillow →

5350 NW 84th Ave Unit 1001

Doral, 33166 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,379
Listed2026-06-19
Days on market

Asking rent: $4,200

View on Zillow →

8201 NW 41st St Unit D206

Doral, 33166 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,124
Listed2026-08-19
Days on market

Asking rent: $3,100

View on Zillow →

8167 NW 41st St Unit E110

Doral, 33166 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,124
Listed2026-08-01
Days on market

Asking rent: $3,300

View on Zillow →

8201 NW 41st St Unit D202

Doral, 33166 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,124
Listed2026-08-03
Days on market

Asking rent: $3,450

View on Zillow →

Doral, 33166 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,124
Listed2026-07-21
Days on market

Asking rent: $3,250

View on Zillow →

8167 NW 41st St Unit E409

Doral, 33166 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,124
Listed2026-07-30
Days on market

Asking rent: $3,600

View on Zillow →

8201 NW 41st St Unit D302

Doral, 33166 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,124
Listed2026-08-14
Days on market

Asking rent: $3,200

View on Zillow →

8001 NW 41st St Unit F106

Doral, 33166 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,124
Listed2026-08-04
Days on market

Asking rent: $3,600

View on Zillow →

8001 NW 41st St Unit F204

Doral, 33166 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,124
Listed2026-08-18
Days on market

Asking rent: $3,200

View on Zillow →

4740 NW 84th Ct Unit 38

Doral, 33166 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,129
Listed2026-07-24
Days on market

Asking rent: $3,400

View on Zillow →

8001 NW 41st St Apt 308

Doral, 33166 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,124
Listed2026-08-18
Days on market

Asking rent: $3,300

View on Zillow →

4745 NW 84th Ct Unit 47

Doral, 33166 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,129
Listed2026-07-20
Days on market

Asking rent: $3,500

View on Zillow →

1 Curtiss Pkwy

Miami Springs, 33166 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,200
Listed
Days on market

Asking rent: $3,795

View on Zillow →

4760 NW 85th Ave Apt 108

Miami, 33166 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,408
Listed
Days on market

Asking rent: $4,190

View on Zillow →

8425 NW 41st St Apt 150

Miami, 33166 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,373
Listed
Days on market

Asking rent: $4,401

View on Zillow →

8150 NW 53rd St # 463

Miami, 33166 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,303
Listed
Days on market

Asking rent: $7,116

View on Zillow →

3940 NW 79th Ave # 001-741

Miami, 33166 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,419
Listed
Days on market

Asking rent: $3,650

View on Zillow →

8425 NW 41st St Apt 234

Miami, 33166 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,302
Listed
Days on market

Asking rent: $4,186

View on Zillow →

4760 NW 85th Ave Apt 401

Miami, 33166 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,305
Listed
Days on market

Asking rent: $4,029

View on Zillow →

4760 NW 85th Ave Apt 208

Miami, 33166 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,408
Listed
Days on market

Asking rent: $4,135

View on Zillow →

8150 NW 53rd St Apt 213

Miami, 33166 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,303
Listed
Days on market

Asking rent: $5,964

View on Zillow →

8150 NW 53rd St Apt 305

Miami, 33166 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,303
Listed
Days on market

Asking rent: $6,132

View on Zillow →

8265 NW 41st St Unit C305

Doral, 33166 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,124
Listed2026-08-31
Days on market

Asking rent: $3,150

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
5252 NW 85th Ave Ph 2004condos321,434$795,0002026-08-11
8001 NW 41st St Unit F202condos321,124$485,0002026-07-15
4725 NW 85th Ave Unit 38condos321,129$485,0002026-06-24
5350 NW 84th Ave Unit 601condos331,381$650,0002026-05-28
8265 NW 41st St Apt 304condos321,124$420,0002026-05-21
8363 NW 41st St Apt 406condos321,334$500,0002026-03-31
5300 Paseo Blvd Unit 1202condos321,333$750,0002026-03-24
4740 NW 84th Ct Unit 42condos321,129$440,0002026-02-25
5252 NW 85th Ave Apt 1702condos321,328$702,0002026-02-17
5252 NW 85th Ave Apt 912condos321,462$770,0002026-02-13
5350 NW 84th Ave Unit 1701condos331,379$730,0002026-02-04
8301 NW 41st St Unit B305condos321,124$495,0002026-01-29
4745 NW 84th Ct Unit 15condos331,431$500,0002026-01-16
5350 NW 84th Ave Unit 613condos331,379$685,0002025-12-31
8167 NW 41st St Unit E406condos321,334$500,0002025-11-17
5350 NW 84th Ave Unit 1113condos331,379$689,0002025-11-17
5350 NW 84th Ave Unit 901condos331,379$680,0002025-09-29
4640 NW 84th Ave Apt 13condos331,431$525,0002025-09-04

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
1101 Starling Avesingle_family321,942$899,000
157 Lenape Drsingle_family311,058$665,000
701 Westward Drsingle_family332,200$899,999
240 Carlisle Drsingle_family311,417$749,900
430 Forrest Drsingle_family321,103$930,000
8166 NW 42nd Sttownhomes341,866$840,000
801 Albatross Stsingle_family321,320$850,000
881 Albatross Stsingle_family331,551$849,900

10-year hold projection

IRR0.7%
Equity multiple1.11x
Total return (10yr)$71,298
YearProperty valueNOICash flowLoan balanceEquity
1$463,500$13,782-$16,140$356,097$107,403
2$477,405$14,325-$15,650$351,925$125,480
3$491,727$14,888-$15,143$347,468$144,259
4$506,479$15,471-$14,616$342,704$163,775
5$521,673$16,075-$14,071$337,613$184,060
6$537,324$16,701-$13,505$332,172$205,151
7$553,443$17,348-$12,918$326,358$227,085
8$570,047$18,019-$12,310$320,145$249,902
9$587,148$18,714-$11,679$313,505$273,643
10$604,762$19,434-$11,025$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.