19900 NW 37th Ave Lot D122

Opa Locka, FL 33056 · mobile · For Sale · 134 days on market
Asking price$67,000
2 beds 1 baths — sqft
View on Realtor.com →
Listed by Xiomara Goodman · My Mobile Homes
Typemobile
Built1970
Price / sqft
Est. value (Zillow, adjusted)$550,000
Rent estimate (Zillow ZIP avg)$2,700/mo
HOANone
Street view
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Neighborhood

⚠ Cap rate of 39.4% is above the 20% sanity ceiling — verify the underlying price, rent, and expense data before trusting this. Cash-on-cash return of 123.1% is above the 50% sanity ceiling for a standard buy-and-hold — verify inputs before trusting this.
Show every detail
Statusfor_sale
Listed date2026-04-22
Removed date
MLSMyStateMLS #11716013
Coordinates25.95579, -80.26414
Address19900 NW 37th Ave Lot D122
CityOpa Locka
StateFL
Zip33056
Listing ID9644522894
Sourceus-real-estate-listings, cached 2026-08-28

Listing description

No banks? No problem. Seller financing available with $30,000 down If you've been looking for a simple path to ownership, this 2-bedroom, 1-bath mobile home in Riviera Park gives you exactly that-plus a layout that actually feels good to live in. As soon as you walk in, you'll notice the spacious living room, perfect for relaxing or hosting family. Off to the side, there's a great dining area that flows naturally from the kitchen, making it easy to stay connected whether you're cooking or spending time together. The kitchen overlooks both spaces and offers **plenty of cabinet storage, so everything has its place. The home features tile flooring throughout, giving it a clean, low-maintenance feel, and everything is in excellent working condition, so you can move in with peace of mind from day one. You also have an enclosed patio with washer and dryer adding extra functional space, plus a front patio where you can unwind in the evenings-whether that's enjoying a cold drink or watching your kids play outside. Located in an all-ages community with pets welcome This is for someone who wants comfort, space, and a deal structure that actually makes sense. Just keep in mind, the land is not included. This is a land lease community with a monthly lot rent of $1100. If this feels like the right fit, let's get you in to see it Se habla espanol.

Property information

Homeowners Association

  • Association: No
  • Calculated Total Monthly Association Fees: 0
  • Senior Community: No

Other Property Info

  • Source Listing Status: Active
  • County: Miami Dade
  • Source Property Type: Manufactured In Park
  • Non Deeded: Yes
  • Property Subtype: mob-man

Building and Construction

  • Total Square Feet Living: 0
  • Year Built: 1970
  • Property Age: 56
  • Levels or Stories: 0

Property features

Interior Features

  • Flooring: Tile

Land Info

  • Land Lease Amount: 1110
  • Land Lease: Yes
  • Lot Size Acres: 0.015427
  • Lot Size Square Feet: 672

Utilities

  • Water Source: Public (WaterSource)

Annual property tax

No tax history on file for this listing yet.

Listings history

DateEventPrice
2026-07-24Relisted$67,000
2026-07-22Listing removed$70,000
2026-06-15Price Changed$70,000
2026-04-22Listed$77,000
2024-05-13Sold$85,000
2024-04-16Listed$85,000
Real listing/price/sale history from US Real Estate Listings.

Permits history

No permit records on file for this address.

ZIP market snapshot (33056)

Median sale price$550,000
Median days on market (sale)37
Active sale listings131
Median rent$2,700/mo
Median days on market (rent)49
Active rental listings90
Real ZIP-wide statistics from RentCast, as of 2026-09 (fetched 2026-09-03) — this is the whole ZIP's market, not specific to this property. Re-analyzing spends one of the account's 50 free monthly lookups. Our own log shows at least 6 of the 50 free monthly RentCast requests used — that only counts calls made through this app, so it can undercount. RentCast's own account dashboard has the real total.
Re-analyze ZIP 33056 (≥6 of 50 per our log)

Underwriting (buy-and-hold, default assumptions)

Purchase price$67,000
Down payment (20.0%)$13,400
Loan amount$53,600
Closing costs (5.0%)$3,350
Total cash to close$16,750
Rent (ZIP avg, ZORI — not bedroom-specific)$2,700$32,400
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$32,400
Vacancy rate (assumption) assumption8.0%

$32,400 × 8.0% = $2,592

Effective gross income$2,484$29,808
Property tax (placeholder 1.9% of price)$106$1,273
Insurance (placeholder 0.8% of price)$45$536
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$135$1,620
Total operating expenses$286$3,429
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$29,808
Total operating expenses derived$3,429

$29,808 − $3,429 = $26,379

Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing)

Monthly Principal & Interest

Standard amortization on the loan amount, at the effective rate and term

Loan amount derived$53,600
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$53,600 amortized at 6.7% over 30 years = $344/mo

CapEx reserve (5.0% of GSR)$135$1,620
Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%)$0$0
Cash flow

Monthly Cash Flow

(NOI − Annual Debt Service − Annual CapEx Reserve − Annual PMI) ÷ 12

NOI derived$26,379
Annual debt service derived$4,133
Annual CapEx reserve assumption$1,620
Annual PMI assumption$0

($26,379 − $4,133 − $1,620 − $0) ÷ 12 = $1,719

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$26,379
Purchase price data$67,000

$26,379 ÷ $67,000 = 39.4%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived$20,626
Total cash to close derived$16,750

$20,626 ÷ $16,750 = 123.1%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$26,379
Annual debt service derived$4,133

$26,379 ÷ $4,133 = 6.38

Rent-to-price (1% rule)

Rent-to-Price (the "1% rule")

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$32,400
Purchase price data$67,000

($32,400 ÷ 12) ÷ $67,000 = 4.0%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$67,000
Gross scheduled rent (annual) comp$32,400

$67,000 ÷ $32,400 = 2.1

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$3,429
Effective gross income derived$29,808

$3,429 ÷ $29,808 = 11.5%

Break-even occupancy

Break-Even Occupancy

(Total OpEx + Annual Debt Service + Annual PMI) ÷ Gross Scheduled Rent

Total operating expenses derived$3,429
Annual debt service derived$4,133
Annual PMI assumption$0
Gross scheduled rent (annual) comp$32,400

($3,429 + $4,133 + $0) ÷ $32,400 = 23.3%

Comparables

Widened to city-wide. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
mobile21594$1,2002026-05-30
mobile21$2,0002026-06-23

14165 NW 22nd Ct Unit A

Opa Locka, 33054 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage594
Listed2026-05-30
Days on market

Asking rent: $1,200

View on Zillow →

20606 NW 55th Ct Unit A

Opa Locka, 33055 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage
Listed2026-06-23
Days on market

Asking rent: $2,000

View on Zillow →

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
19900 NW 37th Avemobile221,440$70,0002026-07-03
19900 NW 37th Ave Lot C87mobile32$70,0002026-03-16

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.

AddressTypeBedsBathsSqftAsking priceDays on market
19374 NW 30th Cttownhomes21873$324,999
17622 NW 25th Ave Apt 101condos22892$210,000
3500 NW 208th Stsingle_family21754$425,000
2820 NW 180th Sttownhomes231,228$381,000

10-year hold projection

IRR126.9%
Equity multiple16.89x
Total return (10yr)$274,837
YearProperty valueNOICash flowLoan balanceEquity
1$69,010$26,379$20,626$53,019$15,991
2$71,080$27,188$21,394$52,398$18,683
3$73,213$28,021$22,185$51,734$21,479
4$75,409$28,879$23,001$51,025$24,384
5$77,671$29,764$23,843$50,267$27,405
6$80,002$30,676$24,710$49,457$30,545
7$82,402$31,616$25,604$48,591$33,811
8$84,874$32,584$26,525$47,666$37,208
9$87,420$33,582$27,475$46,677$40,743
10$90,042$34,610$28,454$45,621$44,422
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.
All figures are estimates for evaluation purposes only, not investment, tax, legal, or insurance advice. Property tax is estimated from a real matched tax bill or millage rate when available, a placeholder % of price otherwise; insurance is scaled by flood and wind risk where those are known and a flat percentage otherwise — never a real quote. Verify all of them, along with association restrictions and permit status, before committing capital. Rent estimates come from real comps or Zillow’s ZIP index, not appraisals.