243 NE 212th Ter
Miami, FL 33179 · single_family · For Sale · 123 days on market
Asking price$489,500
3 beds 3 baths 1,854 sqft
Listed by Diana Calle · Robert Slack LLC
Typesingle_family
Built1991
Price / sqft$264
Est. value (own analysis)$683,292
Rent estimate (own analysis)$3,750/mo
HOA$600/mo
Wind10/10Extreme$Heat10/10ExtremeFlood3/10moderate$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-05-02
Removed date—
MLSMiamiMLS #A12011711
Coordinates25.97147, -80.19674
Address243 NE 212th Ter
CityMiami
StateFL
Zip33179
Listing ID9191331091
Sourceus-real-estate-listings, cached 2026-09-02
ZIP market snapshot (33179)
Typical home value (ZHVI)$274,207
Typical rent (ZORI)$2,257/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)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $489,500 |
| Down payment (20.0%) | $97,900 |
| Loan amount | $391,600 |
| Closing costs (5.0%) | $24,475 |
| Total cash to close | $122,375 |
| Income | |
| Rent (comp-derived) | $3,750$45,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,450$41,400 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $775$9,301 |
| Insurance (est. scaled by flood & wind risk) | $522$6,266 |
| HOA dues | $600$7,200 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $188$2,250 |
| Total operating expenses | $2,085$25,016 |
| 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) | $188$2,250 |
| 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
Same ZIP. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| single_family | 3 | 2 | 1,212 | $3,200 | 2026-08-18 | — | |
| single_family | 3 | 1 | 1,958 | $2,650 | 2026-08-13 | — | |
| single_family | 3 | 2 | 1,392 | $3,300 | 2026-08-12 | — | |
| single_family | 3 | 3 | 1,965 | $4,500 | 2026-08-10 | — | |
| single_family | 3 | 1 | 1,958 | $2,650 | 2026-08-09 | — | |
| single_family | 3 | 3 | 1,965 | $3,750 | 2026-06-19 | — | |
| single_family | 3 | 3 | 2,080 | $3,200 | 2026-06-17 | — | |
| single_family | 3 | 3 | 1,451 | $3,990 | 2026-07-30 | — | |
| single_family | 3 | 2 | 1,534 | $4,000 | 2026-08-25 | — | |
| single_family | 3 | 3 | 2,124 | $4,700 | 2026-03-19 | — | |
| single_family | 3 | 3 | 2,124 | $5,500 | 2026-02-26 | — | |
| single_family | 3 | 3 | 1,320 | $3,000 | — | — | |
| single_family | 3 | 3 | 1,320 | $3,000 | — | — | |
| single_family | 3 | 3 | 1,926 | $7,000 | 2026-07-22 | — | |
| single_family | 3 | 2 | 2,093 | $6,500 | 2026-08-07 | — | |
| single_family | 3 | 2 | 1,284 | $3,200 | 2026-08-06 | — | |
| single_family | 3 | 3 | 1,965 | $4,500 | 2026-08-31 | — |
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 |
|---|---|---|---|---|---|---|
| 2010 NE 196th Ter | single_family | 3 | 2 | — | $1,600,000 | 2026-09-01 |
| 1940 NE 186th Dr | single_family | 3 | 2 | 2,675 | $1,400,000 | 2026-08-20 |
| 1010 NE 204th Ter | single_family | 3 | 3 | 2,149 | $650,100 | 2026-08-13 |
| 20800 Highland Lakes Blvd | single_family | 3 | 2 | 2,442 | $900,000 | 2026-08-06 |
| 878 NE 191st St | single_family | 3 | 3 | 2,124 | $689,000 | 2026-07-29 |
| 21490 Highland Lakes Blvd | single_family | 3 | 2 | 1,845 | $2,060,000 | 2026-07-27 |
| 20411 NE 7th Pl | single_family | 3 | 2 | 1,947 | $648,000 | 2026-07-24 |
| 20515 Highland Lakes Blvd | single_family | 3 | 2 | 1,774 | $775,000 | 2026-07-24 |
| 20730 NE Miami Ct | single_family | 3 | 2 | 1,364 | $495,000 | 2026-07-22 |
| 19411 NE 19th Ct | single_family | 3 | 2 | 1,725 | $825,000 | 2026-07-15 |
| 1925 NE 208th Ter | single_family | 3 | 2 | 2,580 | $1,454,000 | 2026-06-30 |
| 5638545970 | single_family | 3 | 2 | 1,781 | $555,000 | 2026-06-26 |
| 18340 NE 20th Ct | single_family | 3 | 1 | 1,466 | $670,000 | 2026-06-26 |
| 1941 NE 186th Dr | single_family | 3 | 2 | 2,270 | $1,650,000 | 2026-06-25 |
| 20141 NE 15th Ave | single_family | 3 | 2 | 1,772 | $485,000 | 2026-06-25 |
| 1950 NE 195th Dr | single_family | 3 | 2 | 2,511 | $1,500,000 | 2026-06-17 |
| 901 NE 191st St | single_family | 3 | 3 | 2,124 | $740,000 | 2026-06-15 |
| 1220 NE 206th St | single_family | 3 | 2 | 1,166 | $549,000 | 2026-06-11 |
| 772 NE 191st Ter | single_family | 3 | 3 | 1,936 | $605,000 | 2026-05-27 |
| 723 NE 193rd St | single_family | 3 | 2 | 1,965 | $620,000 | 2026-05-15 |
| 650 NE 193rd Ter | single_family | 3 | 2 | 1,808 | $710,000 | 2026-05-11 |
| 1280 NE 211th Ter | single_family | 3 | 2 | 1,012 | $380,000 | 2026-05-08 |
| 1915 NE 213th Ter | single_family | 3 | 2 | 2,354 | $1,350,000 | 2026-05-06 |
| 220 NE 211th St | single_family | 3 | 3 | 1,854 | $505,000 | 2026-05-05 |
| 21241 NE 2nd Ave | single_family | 3 | 2 | 1,519 | $495,000 | 2026-05-02 |
| 20500 Highland Lakes Blvd | single_family | 3 | 2 | 1,968 | $1,300,000 | 2026-04-30 |
| 1011 NE 212th Ter | single_family | 3 | 2 | 1,166 | $495,000 | 2026-04-27 |
| 221 NE 212th St | single_family | 3 | 3 | 1,449 | $465,000 | 2026-04-24 |
| 21411 Highland Lakes Blvd | single_family | 3 | 2 | 2,039 | $1,335,000 | 2026-04-21 |
| 1201 NE 206th St | single_family | 3 | 2 | 1,232 | $360,000 | 2026-04-17 |
| 100 NE 212th Ter | single_family | 3 | 2 | 1,364 | $479,900 | 2026-04-13 |
| 20400 NE 14th Ave | single_family | 3 | 2 | 2,206 | $495,000 | 2026-03-30 |
| 351 NE 211th St | single_family | 3 | 3 | 1,451 | $499,995 | 2026-03-25 |
| 1140 NE 204th St | single_family | 3 | 2 | 1,735 | $580,000 | 2026-03-23 |
| 19975 NE 10th Place Way | single_family | 3 | 2 | 2,083 | $635,000 | 2026-03-23 |
| 20610 NE 15th Ct | single_family | 3 | 2 | 1,288 | $420,000 | 2026-03-11 |
| 2069 NE 196th Ter | single_family | 3 | 3 | 1,900 | $1,250,000 | 2026-03-11 |
| 19420 NE 19th Pl | single_family | 3 | 2 | 1,747 | $1,050,000 | 2026-03-10 |
| 2000 NE 183rd St | single_family | 3 | 1 | 1,117 | $500,000 | 2026-03-06 |
| 2055 NE 201st Ter | single_family | 3 | 3 | 2,774 | $1,465,000 | 2026-03-05 |
| 1810 NE 193rd St | single_family | 3 | 2 | 3,118 | $1,225,000 | 2026-02-11 |
| 21301 NE 20th Ave | single_family | 3 | 2 | 1,895 | $616,000 | 2026-02-06 |
| 841 NE 205th St | single_family | 3 | 2 | 1,674 | $720,000 | 2026-01-21 |
| 19822 NE 1st Ave | single_family | 3 | 2 | 1,050 | $474,000 | 2026-01-09 |
| 1131 NE 211th St | single_family | 3 | 3 | 1,232 | $450,000 | 2026-01-08 |
| 1930 NE 197th Ter | single_family | 3 | 2 | 1,820 | $985,000 | 2025-12-30 |
| 1131 NE 211th Ter | single_family | 3 | 1 | 1,166 | $346,500 | 2025-12-23 |
| 21211 NE 2nd Ave | single_family | 3 | 2 | 1,364 | $483,000 | 2025-12-22 |
| 2155 NE Miami Gardens Dr | single_family | 3 | 3 | 2,002 | $715,000 | 2025-12-22 |
| 115 NE 213th St | single_family | 3 | 2 | 1,373 | $507,000 | 2025-12-19 |
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 |
|---|---|---|---|---|---|---|
| 929 NE 211th St | condos | 3 | 3 | 1,320 | $475,000 | — |
| 21015 NE 19th Ct | single_family | 3 | 2 | 1,631 | $1,294,000 | — |
| 1047 NE 208th St | townhomes | 3 | 3 | 1,743 | $450,000 | — |
| 20310 NE 3rd Ct Apt 2 | condos | 3 | 2 | 1,185 | $259,999 | — |
| 253 NE 211th Ter | single_family | 3 | 3 | 1,449 | $399,900 | — |
| 20800 NE 8th Ct Unit 206-17 | condos | 3 | 2 | 1,125 | $285,000 | — |
| 1133 NE 210th Ter | townhomes | 3 | 3 | 1,469 | $430,000 | — |
| 900 NE 195th St Apt 217 | condos | 3 | 2 | 1,380 | $290,000 | — |
10-year hold projection
IRR1.5%
Equity multiple1.24x
Total return (10yr)$93,791
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $504,185 | $16,384 | -$16,064 | $387,354 | $116,831 |
| 2 | $519,311 | $17,001 | -$15,504 | $382,817 | $136,494 |
| 3 | $534,890 | $17,639 | -$14,924 | $377,968 | $156,922 |
| 4 | $550,937 | $18,299 | -$14,322 | $372,786 | $178,151 |
| 5 | $567,465 | $18,983 | -$13,699 | $367,248 | $200,217 |
| 6 | $584,489 | $19,691 | -$13,054 | $361,330 | $223,159 |
| 7 | $602,023 | $20,423 | -$12,385 | $355,005 | $247,018 |
| 8 | $620,084 | $21,181 | -$11,692 | $348,246 | $271,838 |
| 9 | $638,686 | $21,965 | -$10,975 | $341,023 | $297,663 |
| 10 | $657,847 | $22,776 | -$10,232 | $333,304 | $324,543 |
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.