20636 NE 5th Pl
Miami, FL 33179 · townhomes · For Sale · 16 days on market
Asking price$675,000
4 beds 4 baths 2,086 sqft
Suggested offer$589,089$85,911 above the est. market value of $589,089.
View on Realtor.com →Listed by Kristina Ghoneim · London Foster Realty
Typetownhomes
Built2021
Price / sqft$324
Est. value (own analysis)$589,089
Rent estimate (own analysis)$4,075/mo
HOA$464/mo
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Statusfor_sale
Listed date2026-08-17
Removed date—
MLSMiamiMLS #A12020723
Coordinates25.96520, -80.19062
Address20636 NE 5th Pl
CityMiami
StateFL
Zip33179
Listing ID9537279589
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 | $675,000 |
| Down payment (20.0%) | $135,000 |
| Loan amount | $540,000 |
| Closing costs (5.0%) | $33,750 |
| Total cash to close | $168,750 |
| Income | |
| Rent (comp-derived) | $4,075$48,900 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,749$44,988 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,069$12,825 |
| Insurance (placeholder 0.8% of price) | $450$5,400 |
| HOA dues | $464$5,568 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $204$2,445 |
| Total operating expenses | $2,187$26,238 |
| 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) | $204$2,445 |
| 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 | 4 | 4 | 2,086 | $4,200 | 2026-08-19 | — | |
| townhomes | 4 | 3 | 1,920 | $3,800 | 2026-08-31 | — | |
| townhomes | 4 | 3 | 1,920 | $3,850 | 2026-07-19 | — | |
| townhomes | 4 | 3 | 1,920 | $4,300 | 2026-07-18 | — | |
| townhomes | 4 | 3 | 2,123 | $5,000 | 2026-07-06 | — | |
| townhomes | 4 | 4 | 2,086 | $4,500 | 2026-06-23 | — | |
| townhomes | 4 | 3 | 1,920 | $3,850 | 2026-08-22 | — | |
| townhomes | 4 | 3 | 1,920 | $3,950 | 2026-02-27 | — | |
| townhomes | 4 | 3 | 1,920 | $4,400 | 2026-03-19 | — | |
| townhomes | 4 | 3 | 1,920 | $3,800 | 2026-08-26 | — |
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 |
|---|---|---|---|---|---|---|
| 1042 NE 207th Ter | townhomes | 4 | 3 | 1,812 | $450,000 | 2026-07-13 |
| 1125 NE 210th Ter | townhomes | 4 | 3 | 1,466 | $414,000 | 2026-06-30 |
| 1041 NE 208th St | townhomes | 4 | 3 | 1,912 | $550,000 | 2026-06-12 |
| 21380 NE 2nd Ct | townhomes | 4 | 4 | 2,086 | $585,000 | 2026-06-05 |
| 1074 NE 210th Ter | townhomes | 4 | 3 | 1,466 | $425,000 | 2026-05-30 |
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 |
|---|---|---|---|---|---|---|
| 19901 NE 21st Ave | single_family | 4 | 3 | 2,654 | $1,850,000 | — |
| 21141 NE 21st Ct | single_family | 4 | 3 | 2,859 | $1,749,000 | — |
| 30 NE 193rd Ter | single_family | 4 | 3 | 1,685 | $634,900 | — |
| 19656 NE 14th Ct | single_family | 4 | 4 | 3,600 | $2,751,965 | — |
| 19522 NE 17th Ave | single_family | 4 | 4 | 2,847 | $1,985,000 | — |
| 1298 NE 199th St | single_family | 4 | 2 | 1,614 | $680,000 | — |
| 1970 NE 198th Ter | single_family | 4 | 3 | 2,545 | $1,550,000 | — |
| 20120 Highland Lakes Blvd | single_family | 4 | 3 | 2,020 | $1,200,000 | — |
10-year hold projection
IRR0.1%
Equity multiple1.01x
Total return (10yr)$90,498
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $695,250 | $18,750 | -$25,337 | $534,145 | $161,105 |
| 2 | $716,108 | $19,444 | -$24,705 | $527,888 | $188,219 |
| 3 | $737,591 | $20,161 | -$24,050 | $521,202 | $216,389 |
| 4 | $759,718 | $20,904 | -$23,371 | $514,056 | $245,663 |
| 5 | $782,510 | $21,673 | -$22,669 | $506,419 | $276,091 |
| 6 | $805,985 | $22,468 | -$21,941 | $498,259 | $307,727 |
| 7 | $830,165 | $23,290 | -$21,188 | $489,537 | $340,628 |
| 8 | $855,070 | $24,141 | -$20,408 | $480,217 | $374,853 |
| 9 | $880,722 | $25,021 | -$19,600 | $470,257 | $410,465 |
| 10 | $907,144 | $25,931 | -$18,764 | $459,613 | $447,531 |
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.