1236 NW 208th St
Miami Gardens, FL 33169 · single_family · For Sale · 159 days on market
Asking price$888,888
6 beds 4 baths 2,968 sqft
Suggested offer$703,119$185,769 above the est. market value of $703,119.
View on Realtor.com →Listed by Stephen Hachey · Flat Fee MLS Realty
Typesingle_family
Built2020
Price / sqft$299
Est. value (own analysis)$703,119
Rent estimate (Zillow ZIP avg)$2,193/mo
HOANone
Wind10/10Extreme$Heat9/10ExtremeFlood3/10moderate$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-03-27
Removed date—
MLSMiamiMLS #A11989086
Coordinates25.96568, -80.22315
Address1236 NW 208th St
CityMiami Gardens
StateFL
Zip33169
Listing ID9291853381
Sourceus-real-estate-listings, cached 2026-09-01
ZIP market snapshot (33169)
Typical home value (ZHVI)$471,445
Typical rent (ZORI)$2,193/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 | $888,888 |
| Down payment (20.0%) | $177,778 |
| Loan amount | $711,110 |
| Closing costs (5.0%) | $44,444 |
| Total cash to close | $222,222 |
| Income | |
| Rent (ZIP avg, ZORI — not bedroom-specific) | $2,193$26,317 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,018$24,211 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,407$16,889 |
| Insurance (est. scaled by flood & wind risk) | $948$11,378 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $110$1,316 |
| Total operating expenses | $2,465$29,582 |
| 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) | $110$1,316 |
| 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.
No active rental listings cached yet for this bedroom count.
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 |
|---|---|---|---|---|---|---|
| 20470 NW 12th Ct | single_family | 6 | 4 | 3,379 | $800,000 | 2026-07-27 |
| 20456 NW 8th Ct | single_family | 6 | 4 | 3,379 | $840,000 | 2026-06-26 |
| 18032 NW 8th Ave | single_family | 6 | 4 | 2,107 | $386,800 | 2026-05-27 |
| 956 NW 206th Ter | single_family | 6 | 5 | 3,572 | $720,000 | 2026-03-30 |
| 1470 NW 206th Ter | single_family | 6 | 4 | 3,379 | $801,000 | 2026-02-10 |
| 20521 NW 7th Ct | single_family | 6 | 4 | 3,379 | $755,000 | 2026-02-05 |
| 801 NW 172nd Ter | single_family | 6 | 4 | 1,980 | $650,000 | 2025-12-10 |
| 710 NW 187th Dr | single_family | 6 | 2 | 2,280 | $550,000 | 2025-11-14 |
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 |
|---|---|---|---|---|---|---|
| 20530 NW 9th Pl | single_family | 6 | 5 | — | $875,000 | — |
| 15425 N Miami Ave | single_family | 6 | 5 | 3,099 | $1,389,900 | — |
| 759 S Biscayne River Dr | multi_family | 6 | 6 | — | $899,000 | — |
| 20623 NW 11th Ave | single_family | 6 | 4 | 3,572 | $810,000 | — |
| 20551 NW 7th Ct | single_family | 6 | 4 | 3,379 | $750,000 | — |
| 19700 NW 6th Pl | single_family | 6 | 4 | 1,977 | $750,000 | — |
10-year hold projection
IRR-8.5%
Equity multiple-0.45x
Total return (10yr)-$205,420
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $915,555 | -$5,371 | -$61,524 | $703,400 | $212,154 |
| 2 | $943,021 | -$5,384 | -$61,570 | $695,161 | $247,860 |
| 3 | $971,312 | -$5,394 | -$61,614 | $686,355 | $284,956 |
| 4 | $1,000,451 | -$5,401 | -$61,655 | $676,945 | $323,506 |
| 5 | $1,030,465 | -$5,403 | -$61,693 | $666,889 | $363,576 |
| 6 | $1,061,379 | -$5,402 | -$61,728 | $656,142 | $405,236 |
| 7 | $1,093,220 | -$5,397 | -$61,760 | $644,658 | $448,562 |
| 8 | $1,126,017 | -$5,387 | -$61,789 | $632,384 | $493,632 |
| 9 | $1,159,797 | -$5,373 | -$61,814 | $619,268 | $540,529 |
| 10 | $1,194,591 | -$5,354 | -$61,835 | $605,251 | $589,340 |
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.