20 NE 11th St Apt 6101
Miami, FL 33132 · condos · For Sale · 12 days on market
Asking price$7,300,000
2 beds 3 baths 1,977 sqft
Suggested offer$1,063,958$6,236,042 above the est. market value of $1,063,958.
View on Realtor.com →Listed by Rodolphe Ale Acelor · Brown Harris Stevens Miami
Typecondos
Built—
Price / sqft$3692
Est. value (own analysis)$1,063,958
Rent estimate (own analysis)$6,200/mo
HOA$3,755/mo
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Show every detail
Statusfor_sale
Listed date2026-08-21
Removed date—
MLSMiamiMLS #A12074846
Coordinates25.78450, -80.19352
Address20 NE 11th St Apt 6101
CityMiami
StateFL
Zip33132
Listing ID9556131734
Sourcerealtor, cached 2026-08-21
ZIP market snapshot (33132)
Typical home value (ZHVI)$514,716
Typical rent (ZORI)$3,468/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 | $7,300,000 |
| Down payment (20.0%) | $1,460,000 |
| Loan amount | $5,840,000 |
| Closing costs (5.0%) | $365,000 |
| Total cash to close | $1,825,000 |
| Income | |
| Rent (comp-derived) | $6,200$74,400 |
| Vacancy loss (8.0%) | |
| Effective gross income | $5,704$68,448 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $11,558$138,700 |
| Insurance (placeholder 0.8% of price) | $4,867$58,400 |
| HOA dues | $3,755$45,060 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $310$3,720 |
| Total operating expenses | $20,490$245,880 |
| 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) | $310$3,720 |
| 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 |
|---|---|---|---|---|---|---|---|
| condos | 2 | 3 | 1,579 | $7,650 | 2026-08-21 | — | |
| condos | 2 | 3 | 2,263 | $47,000 | 2026-08-21 | — | |
| condos | 2 | 3 | 1,590 | $4,450 | 2026-08-20 | — | |
| condos | 2 | 3 | 2,450 | $13,500 | 2026-08-20 | — | |
| condos | 2 | 3 | 1,474 | $4,200 | 2026-08-19 | — | |
| condos | 2 | 2 | 1,293 | $4,500 | 2026-08-18 | — | |
| condos | 2 | 2 | 1,303 | $6,200 | 2026-08-18 | — | |
| apartment | 2 | 2 | 1,959 | $22,000 | 2026-08-18 | — | |
| condos | 2 | 3 | 1,819 | $8,500 | 2026-08-18 | — | |
| condos | 2 | 3 | 1,474 | $4,450 | 2026-08-17 | — | |
| condos | 2 | 3 | 1,474 | $4,350 | 2026-08-17 | — | |
| condos | 2 | 3 | 1,474 | $4,500 | 2026-08-17 | — | |
| condos | 2 | 3 | 1,613 | $11,900 | 2026-08-17 | — | |
| condos | 2 | 3 | 1,400 | $5,600 | 2026-08-17 | — | |
| condos | 2 | 2 | 1,315 | $4,800 | 2026-08-15 | — | |
| condos | 2 | 3 | 1,819 | $8,500 | 2026-08-14 | — | |
| condos | 2 | 3 | 1,441 | $5,200 | 2026-08-13 | — | |
| condos | 2 | 2 | 1,303 | $6,800 | 2026-08-11 | — | |
| condos | 2 | 3 | 1,450 | $5,995 | 2026-08-04 | — | |
| condos | 2 | 2 | 1,363 | $4,000 | 2026-07-26 | — | |
| condos | 2 | 3 | 1,647 | $8,000 | 2026-07-24 | — | |
| condos | 2 | 3 | 1,450 | $6,000 | 2026-07-24 | — | |
| condos | 2 | 2 | 1,717 | $5,000 | 2026-07-22 | — | |
| condos | 2 | 3 | 1,390 | $6,500 | 2026-07-20 | — | |
| condos | 2 | 3 | 1,647 | $7,500 | 2026-07-20 | — | |
| condos | 2 | 3 | 1,647 | $7,000 | 2026-07-20 | — | |
| apartment | 2 | 3 | 1,498 | $7,500 | 2026-07-17 | — | |
| condos | 2 | 2 | 1,464 | $7,000 | 2026-07-15 | — | |
| condos | 2 | 3 | 1,400 | $5,300 | 2026-07-09 | — | |
| condos | 2 | 3 | 1,557 | $6,600 | 2026-07-01 | — | |
| condos | 2 | 2 | 1,357 | $4,400 | 2026-07-01 | — | |
| condos | 2 | 3 | 1,498 | $6,600 | 2026-07-01 | — | |
| condos | 2 | 3 | 1,753 | $8,000 | 2026-08-28 | — | |
| condos | 2 | 2 | 1,327 | $4,300 | 2026-06-17 | — | |
| condos | 2 | 2 | 1,479 | $4,900 | 2026-06-10 | — | |
| condos | 2 | 3 | 1,498 | $8,000 | 2026-06-04 | — | |
| condos | 2 | 3 | 1,325 | $5,350 | 2026-06-03 | — | |
| condos | 2 | 2 | 1,346 | $3,900 | 2026-06-01 | — | |
| condos | 2 | 2 | 1,430 | $4,300 | 2026-05-31 | — | |
| condos | 2 | 3 | 1,552 | $8,350 | 2026-05-29 | — | |
| condos | 2 | 3 | 1,559 | $8,500 | 2026-05-27 | — | |
| condos | 2 | 2 | 1,509 | $5,800 | 2026-05-14 | — | |
| condos | 2 | 3 | 1,560 | $8,495 | 2026-05-05 | — | |
| condos | 2 | 3 | 1,560 | $10,000 | 2026-05-01 | — | |
| condos | 2 | 3 | 1,323 | $5,000 | 2026-08-02 | — | |
| condos | 2 | 2 | 1,293 | $4,600 | 2026-07-30 | — | |
| condos | 2 | 2 | 1,315 | $5,000 | 2026-07-27 | — | |
| condos | 2 | 2 | 1,293 | $4,500 | 2026-07-27 | — | |
| condos | 2 | 2 | 1,322 | $4,950 | 2026-07-27 | — | |
| apartment | 2 | 2 | 1,390 | $4,000 | 2024-09-05 | — | |
| condos | 2 | 3 | 1,380 | $9,500 | 2026-01-20 | — | |
| condos | 2 | 3 | 1,794 | $9,000 | 2026-08-25 | — | |
| condos | 2 | 3 | 1,547 | $7,350 | 2026-08-24 | — | |
| condos | 2 | 3 | 1,498 | $7,500 | 2026-08-24 | — | |
| condos | 2 | 2 | 1,382 | $4,500 | 2026-03-23 | — | |
| condos | 2 | 2 | 1,390 | $3,800 | 2026-03-11 | — | |
| condos | 2 | 2 | 1,390 | $4,500 | 2026-02-26 | — | |
| condos | 2 | 3 | 1,620 | $8,500 | 2025-11-26 | — | |
| condos | 2 | 3 | 1,792 | $8,500 | 2026-01-23 | — | |
| condos | 2 | 2 | 1,382 | $4,950 | 2026-03-19 | — | |
| condos | 2 | 3 | 1,559 | $8,500 | 2026-01-28 | — | |
| condos | 2 | 3 | 1,450 | $9,000 | 2026-04-03 | — | |
| condos | 2 | 2 | 1,464 | $5,100 | 2026-04-17 | — | |
| condos | 2 | 2 | 1,509 | $5,500 | 2026-04-07 | — | |
| condos | 2 | 3 | 1,647 | $7,100 | 2026-04-06 | — | |
| condos | 2 | 3 | 1,318 | $6,800 | 2026-04-06 | — | |
| condos | 2 | 2 | 1,293 | $4,500 | — | — | |
| apartment | 2 | 2 | 1,318 | $5,000 | — | — | |
| condos | 2 | 2 | 1,323 | $5,200 | — | — | |
| condos | 2 | 3 | 1,802 | $13,000 | — | — | |
| condos | 2 | 2 | 1,316 | $5,200 | — | — | |
| condos | 2 | 3 | 1,498 | $7,500 | 2026-08-27 | — | |
| condos | 2 | 3 | 1,547 | $7,700 | 2026-08-27 | — | |
| condos | 2 | 2 | 1,717 | $5,850 | 2026-08-25 | — | |
| condos | 2 | 2 | 1,326 | $8,750 | 2026-08-26 | — | |
| condos | 2 | 3 | 1,794 | $10,000 | 2026-08-26 | — | |
| condos | 2 | 2 | 1,303 | $7,900 | 2026-08-26 | — | |
| condos | 2 | 4 | 1,694 | $7,950 | 2026-08-26 | — | |
| condos | 2 | 2 | 1,509 | $4,500 | 2026-03-09 | — | |
| condos | 2 | 2 | 1,327 | $4,000 | — | — | |
| apartment | 2 | 2 | 1,323 | $5,455 | — | — | |
| apartment | 2 | 2 | 1,372 | $6,280 | — | — | |
| apartment | 2 | 3 | 1,630 | $6,350 | — | — | |
| condos | 2 | 3 | 1,450 | $5,995 | — | — | |
| condos | 2 | 3 | 1,647 | $7,300 | — | — | |
| apartment | 2 | 3 | 1,491 | $6,950 | — | — | |
| condos | 2 | 3 | 1,547 | $7,900 | — | — | |
| condos | 2 | 3 | 1,498 | $7,500 | — | — | |
| condos | 2 | 3 | 1,559 | $8,500 | — | — | |
| apartment | 2 | 2 | 1,299 | $5,780 | — | — | |
| apartment | 2 | 2 | 1,323 | $5,415 | — | — | |
| apartment | 2 | 2 | 1,299 | $5,370 | — | — | |
| apartment | 2 | 2 | 1,299 | $5,660 | — | — | |
| apartment | 2 | 2 | 1,299 | $5,350 | — | — | |
| apartment | 2 | 2 | 1,387 | $6,970 | — | — | |
| condos | 2 | 2 | 1,326 | $8,500 | 2026-08-29 | — | |
| condos | 2 | 2 | 1,496 | $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 |
|---|---|---|---|---|---|---|
| 1900 N Bayshore Dr Apt 2204 | condos | 2 | 2 | 1,289 | $644,000 | 2026-08-10 |
| 253 NE 2nd St Apt 903 | condos | 2 | 2 | 1,058 | $480,000 | 2026-08-05 |
| 900 Biscayne Blvd Apt 3502 | condos | 2 | 3 | 1,575 | $1,000,000 | 2026-07-28 |
| 1600 NE 1st Ave Apt 1916 | condos | 2 | 2 | 1,018 | $505,000 | 2026-07-23 |
| 1040 Biscayne Blvd Apt 1406 | condos | 2 | 3 | 1,123 | $700,000 | 2026-07-23 |
| 159 NE 6th St Unit 3105 | condos | 2 | 2 | 916 | $825,000 | 2026-07-17 |
| 1040 Biscayne Blvd Apt 4607 | condos | 2 | 3 | 2,566 | $2,950,000 | 2026-07-16 |
| 253 NE 2nd St Apt 3902 | condos | 2 | 2 | 1,203 | $530,000 | 2026-07-15 |
| 488 NE 18th St Unit 2401 | condos | 2 | 3 | 1,178 | $650,000 | 2026-07-13 |
| 227 NE 2nd St Apt 2306 | condos | 2 | 2 | 647 | $530,000 | 2026-07-06 |
| 851 NE 1st Ave Unit 3905 | condos | 2 | 2 | 1,254 | $645,000 | 2026-06-30 |
| 253 NE 2nd St Apt 2902 | condos | 2 | 2 | 1,203 | $600,000 | 2026-06-30 |
| 1100 Biscayne Blvd Unit 4502 | condos | 2 | 3 | 1,557 | $920,000 | 2026-06-30 |
| 1717 NE Bayshore Dr Unit A2736 | condos | 2 | 2 | 1,464 | $785,000 | 2026-06-26 |
| 275 NE 18th St Apt 1103 | condos | 2 | 2 | 1,040 | $415,000 | 2026-06-15 |
| 1600 NE 1st Ave Apt 2908 | condos | 2 | 2 | 882 | $530,000 | 2026-06-12 |
| 1600 NE 1st Ave Apt 1220 | condos | 2 | 2 | 1,009 | $525,000 | 2026-06-10 |
| 488 NE 18th St Unit 2008 | condos | 2 | 2 | 888 | $590,000 | 2026-06-08 |
| 1750 N Bayshore Dr Apt 4801 | condos | 2 | 2 | 1,048 | $564,000 | 2026-06-05 |
| 159 NE 6th St Unit 3405 | condos | 2 | 2 | 916 | $785,000 | 2026-06-05 |
| 1900 N Bayshore Dr Apt 2804 | condos | 2 | 2 | 1,239 | $625,000 | 2026-06-05 |
| 851 NE 1st Ave Unit 4009 | condos | 2 | 3 | 1,559 | $1,275,000 | 2026-06-02 |
| 50 Biscayne Blvd Apt 4808 | condos | 2 | 2 | 1,357 | $800,000 | 2026-05-28 |
| 851 NE 1st Ave Unit 3309 | condos | 2 | 3 | 1,559 | $1,050,000 | 2026-05-20 |
| 1750 N Bayshore Dr Apt 4802 | condos | 2 | 2 | 1,048 | $540,000 | 2026-05-14 |
| 888 Biscayne Blvd Apt 1009 | condos | 2 | 2 | 1,220 | $680,000 | 2026-05-11 |
| 1800 N Bayshore Dr Apt 3410 | condos | 2 | 2 | 1,144 | $570,000 | 2026-05-08 |
| 159 NE 6th St Unit 3601 | condos | 2 | 2 | 907 | $755,000 | 2026-05-01 |
| 1600 NE 1st Ave Apt 2116 | condos | 2 | 2 | 1,018 | $510,000 | 2026-04-30 |
| 253 NE 2nd St Apt 1803 | condos | 2 | 2 | 1,058 | $535,000 | 2026-04-29 |
| 398 NE 5th St Apt 3709 | condos | 2 | 2 | 983 | $1,150,000 | 2026-04-24 |
| 253 NE 2nd St Apt 2201 | condos | 2 | 2 | 940 | $480,000 | 2026-04-21 |
| 244 Biscayne Blvd Apt 4407 | condos | 2 | 2 | 1,293 | $608,000 | 2026-04-20 |
| 1750 N Bayshore Dr Apt 5615 | condos | 2 | 2 | 1,048 | $410,700 | 2026-04-17 |
| 1750 N Bayshore Dr Apt 3901 | condos | 2 | 2 | 1,048 | $539,000 | 2026-04-16 |
| 1750 N Bayshore Dr Apt 5201 | condos | 2 | 2 | 1,048 | $585,000 | 2026-04-13 |
| 1900 N Bayshore Dr Apt 2404 | condos | 2 | 2 | 1,239 | $555,000 | 2026-04-13 |
| 488 NE 18th St Unit 3401 | condos | 2 | 3 | 1,178 | $745,000 | 2026-04-10 |
| 1900 N Bayshore Dr Apt 1704 | condos | 2 | 2 | 1,239 | $570,000 | 2026-04-03 |
| 1100 Biscayne Blvd Unit 3104 | condos | 2 | 3 | 1,477 | $830,000 | 2026-04-01 |
| 488 NE 18th St Unit 3911 | condos | 2 | 3 | 1,161 | $900,000 | 2026-03-31 |
| 1717 N Bayshore Dr Unit A3455 | condos | 2 | 2 | 1,509 | $745,000 | 2026-03-31 |
| 1717 N Bayshore Dr Unit A1231 | condos | 2 | 2 | 1,707 | $825,000 | 2026-03-31 |
| 50 Biscayne Blvd Apt 3311 | condos | 2 | 2 | 1,256 | $625,000 | 2026-03-30 |
| 488 NE 18th St Unit 4904 | condos | 2 | 3 | 1,229 | $1,100,000 | 2026-03-25 |
| 159 NE 6th St Unit 2405 | condos | 2 | 2 | 916 | $740,000 | 2026-03-20 |
| 1600 NE 1st Ave Apt 2816 | condos | 2 | 2 | — | $550,000 | 2026-03-12 |
| 900 Biscayne Blvd Apt 702 | condos | 2 | 3 | 1,711 | $1,110,000 | 2026-03-09 |
| 1040 Biscayne Blvd Apt 2904 | condos | 2 | 3 | 1,906 | $1,450,000 | 2026-02-24 |
| 244 Biscayne Blvd Apt 1808 | condos | 2 | 2 | 1,006 | $405,000 | 2026-02-19 |
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 |
|---|---|---|---|---|---|---|
| 227 NE 2nd St Apt 2206 | condos | 2 | 2 | 647 | $565,000 | — |
| 50 Biscayne Blvd Apt 2911 | condos | 2 | 2 | 1,256 | $645,000 | — |
| 851 NE 1st Ave Unit 1408 | condos | 2 | 3 | 1,498 | $874,000 | — |
| 1717 N Bayshore Dr Unit A1448 | condos | 2 | 2 | 1,148 | $595,000 | — |
| 1717 N Bayshore Dr Unit A1734 | condos | 2 | 2 | 1,717 | $1,350,000 | — |
| 488 NE 18th St Unit 301 | condos | 2 | 3 | 1,031 | $625,000 | — |
| 1040 Biscayne Blvd Apt 1602 | condos | 2 | 3 | 1,802 | $1,595,000 | — |
| 1800 N Bayshore Dr Apt 614 | condos | 2 | 2 | 1,339 | $775,000 | — |
10-year hold projection
IRR-13.0%
Equity multiple-1.24x
Total return (10yr)-$3,135,259
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $7,519,000 | -$177,432 | -$631,505 | $5,776,681 | $1,742,319 |
| 2 | $7,744,570 | -$181,526 | -$635,691 | $5,709,015 | $2,035,555 |
| 3 | $7,976,907 | -$185,711 | -$639,972 | $5,636,701 | $2,340,206 |
| 4 | $8,216,214 | -$189,991 | -$644,350 | $5,559,422 | $2,656,792 |
| 5 | $8,462,701 | -$194,367 | -$648,826 | $5,476,836 | $2,985,865 |
| 6 | $8,716,582 | -$198,841 | -$653,402 | $5,388,579 | $3,328,003 |
| 7 | $8,978,079 | -$203,415 | -$658,082 | $5,294,260 | $3,683,819 |
| 8 | $9,247,422 | -$208,092 | -$662,866 | $5,193,465 | $4,053,956 |
| 9 | $9,524,844 | -$212,873 | -$667,758 | $5,085,749 | $4,439,096 |
| 10 | $9,810,590 | -$217,761 | -$672,760 | $4,970,635 | $4,839,955 |
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.