2555 NE 193rd St Unit 2206
Miami, FL 33180 · townhomes · For Sale · 43 days on market
Asking price$459,000
2 beds 3 baths 1,392 sqft
Suggested offer$386,667$72,333 above the est. market value of $386,667.
View on Realtor.com →Listed by Minerva Arboleya · Related Realty, LLC.
Typetownhomes
Built2020
Price / sqft$330
Est. value (own analysis)$386,667
Rent estimate (own analysis)$3,200/mo
HOA$737/mo
Wind10/10Extreme$Heat10/10ExtremeFlood5/10major$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-07-21
Removed date—
MLSMiamiMLS #A12057064
Coordinates25.95441, -80.15025
Address2555 NE 193rd St Unit 2206
CityMiami
StateFL
Zip33180
Listing ID9192233613
Sourceus-real-estate-listings, cached 2026-08-25
ZIP market snapshot (33180)
Typical home value (ZHVI)$463,036
Typical rent (ZORI)$3,210/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 | $459,000 |
| Down payment (20.0%) | $91,800 |
| Loan amount | $367,200 |
| Closing costs (5.0%) | $22,950 |
| Total cash to close | $114,750 |
| Income | |
| Rent (comp-derived) | $3,200$38,400 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,944$35,328 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $727$8,721 |
| Insurance (est. scaled by flood & wind risk) | $536$6,426 |
| HOA dues | $737$8,844 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $160$1,920 |
| Total operating expenses | $2,159$25,911 |
| 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) | $160$1,920 |
| 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 |
|---|---|---|---|---|---|---|---|
| townhomes | 2 | 2 | 1,270 | $3,000 | 2026-03-11 | — | |
| townhomes | 2 | 3 | 1,392 | $2,800 | 2026-04-05 | — | |
| townhomes | 2 | 2 | 1,271 | $3,400 | — | — | |
| townhomes | 2 | 2 | 1,316 | $3,200 | 2026-08-04 | — | |
| townhomes | 2 | 2 | 1,270 | $3,200 | 2026-08-25 | — | |
| townhomes | 2 | 2 | 1,316 | $3,600 | 2026-07-23 | — |
Widened to any bedroom count in ZIP. 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 |
|---|---|---|---|---|---|---|
| 2991 NE 185th St Apt 1706 | townhomes | 4 | 3 | 1,481 | $535,000 | 2026-08-24 |
| 19220 NE 25th Ave Unit 271B | townhomes | 3 | 3 | 1,688 | $400,000 | 2026-07-16 |
| 20200 W Country Club Dr Apt 112 | townhomes | 3 | 3 | 1,330 | $350,000 | 2026-07-13 |
| 3525 Magellan Cir Apt 626 | townhomes | 3 | 3 | 1,707 | $720,000 | 2026-07-08 |
| 21204 Harbor Way Unit 122-12 | townhomes | 2 | 3 | 1,250 | $475,000 | 2026-07-01 |
| 20350 W Country Club Dr Apt 123 | townhomes | 3 | 3 | 1,330 | $312,500 | 2026-06-15 |
| 20350 W Country Club Dr Unit 120-4 | townhomes | 3 | 3 | 1,330 | $270,000 | 2026-06-10 |
| 21160 Mainsail Cir Apt H12 | townhomes | 3 | 3 | 1,520 | $625,000 | 2026-06-10 |
| 21399 Marina Cove Cir Apt 14 | townhomes | 4 | 4 | 2,700 | $750,000 | 2026-06-09 |
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 |
|---|---|---|---|---|---|---|
| 2535 NE 193rd St Unit 3203 | townhomes | 2 | 3 | 1,273 | $429,900 | — |
| 18800 NE 29th Ave Unit LP1022 | condos | 2 | 2 | 1,179 | $399,900 | — |
| 18550 NE 23rd Ct Unit 503 | condos | 2 | 2 | 953 | $849,950 | — |
| 2775 NE 187th St Apt 325 | condos | 2 | 2 | 1,066 | $390,000 | — |
| 3300 NE 191st St Unit LP10 | condos | 2 | 2 | 1,065 | $319,900 | — |
| 20505 E Country Club Dr Ph 38 | condos | 2 | 2 | 1,214 | $360,000 | — |
| 2535 NE 193rd St Unit 3212 | condos | 2 | 3 | 1,273 | $463,500 | — |
| 2561 NE 193rd St Unit 1208 | condos | 2 | 3 | 1,282 | $460,000 | — |
10-year hold projection
IRR-2.0%
Equity multiple0.67x
Total return (10yr)$22,548
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $472,770 | $9,417 | -$20,820 | $363,219 | $109,551 |
| 2 | $486,953 | $9,829 | -$20,456 | $358,964 | $127,989 |
| 3 | $501,562 | $10,257 | -$20,077 | $354,417 | $147,145 |
| 4 | $516,609 | $10,701 | -$19,684 | $349,558 | $167,051 |
| 5 | $532,107 | $11,161 | -$19,275 | $344,365 | $187,742 |
| 6 | $548,070 | $11,639 | -$18,850 | $338,816 | $209,254 |
| 7 | $564,512 | $12,135 | -$18,409 | $332,885 | $231,627 |
| 8 | $581,447 | $12,649 | -$17,950 | $326,548 | $254,900 |
| 9 | $598,891 | $13,182 | -$17,474 | $319,775 | $279,116 |
| 10 | $616,858 | $13,736 | -$16,979 | $312,537 | $304,321 |
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.