2920 NE 207th St Ste 801

Aventura, FL 33180 · condos · For Sale · 28 days on market
Asking price$1,399,000
6 beds — baths 1,151 sqft
Suggested offer$379,451$1,019,549 above the est. market value of $379,451.
View on Realtor.com →
Listed by Katerina Brosda · Brosda & Bentley Realtors, LLC
Typecondos
Built2018
Price / sqft$1215
Est. value (own analysis)$379,451
Rent estimate (Zillow ZIP avg)$3,210/mo
HOA$2,867/mo
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-08-05
Removed date
MLSMiamiMLS #A12065952
Coordinates25.96653, -80.14322
Address2920 NE 207th St Ste 801
CityAventura
StateFL
Zip33180
Listing ID9745079500
Sourceus-real-estate-listings, cached 2026-09-02

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)

Purchase price$1,399,000
Down payment (20.0%)$279,800
Loan amount$1,119,200
Closing costs (5.0%)$69,950
Total cash to close$349,750
Rent (ZIP avg, ZORI — not bedroom-specific)$3,210$38,520
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$38,520
Vacancy rate (assumption) assumption8.0%

$38,520 × 8.0% = $3,082

Effective gross income$2,953$35,439
Property tax (placeholder 1.9% of price)$2,215$26,581
Insurance (placeholder 0.8% of price)$933$11,192
HOA dues$2,867$34,404
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$161$1,926
Total operating expenses$6,175$74,103
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$35,439
Total operating expenses derived$74,103

$35,439 − $74,103 = -$38,665

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$1,119,200
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$1,119,200 amortized at 6.7% over 30 years = $7,192/mo

CapEx reserve (5.0% of GSR)$161$1,926
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-$38,665
Annual debt service derived$86,307
Annual CapEx reserve assumption$1,926
Annual PMI assumption$0

(-$38,665 − $86,307 − $1,926 − $0) ÷ 12 = -$10,575

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived-$38,665
Purchase price data$1,399,000

-$38,665 ÷ $1,399,000 = -2.8%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$126,898
Total cash to close derived$349,750

-$126,898 ÷ $349,750 = -36.3%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived-$38,665
Annual debt service derived$86,307

-$38,665 ÷ $86,307 = -0.45

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$38,520
Purchase price data$1,399,000

($38,520 ÷ 12) ÷ $1,399,000 = 0.2%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$1,399,000
Gross scheduled rent (annual) comp$38,520

$1,399,000 ÷ $38,520 = 36.3

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$74,103
Effective gross income derived$35,439

$74,103 ÷ $35,439 = 209.1%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$74,103
Annual debt service derived$86,307
Annual PMI assumption$0
Gross scheduled rent (annual) comp$38,520

($74,103 + $86,307 + $0) ÷ $38,520 = 416.4%

Comparables

Same ZIP. Real active rental listings, used to derive the rent estimate above.

No active rental listings cached yet for this bedroom count.

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
3640 Yacht Club Dr Apt 1602condos221,430$380,0002026-09-01
3475 N Country Club Dr Apt 106condos22994$166,5002026-09-01
21205 Yacht Club Dr Apt 3003condos321,870$690,0002026-09-01
21244 Harbor Way Unit 213-21condo_townhome_rowhome_coop221,358$595,0002026-09-01
19707 Turnberry Way Apt 18Lcondos221,600$560,0002026-08-31
19901 E Country Club Dr Unit 2103condos11730$290,0002026-08-28
3400 NE 192nd St Ph LPH5condos221,361$390,0002026-08-27
3598 Yacht Club Dr Apt 1003condos321,820$600,0002026-08-26
19707 Turnberry Way Apt 16Gcondos221,522$500,0002026-08-26
19500 Turnberry Way Apt 14Ccondos331,810$830,0002026-08-25
19500 Turnberry Way Apt 10Acondos232,360$770,0002026-08-25
21200 Point Pl Unit 1403condos343,173$1,950,0002026-08-24
3625 N Country Club Dr Apt 2610condos221,079$310,0002026-08-24
20281 E Country Club Dr Apt 1002condos221,800$750,0002026-08-21
21050 Point Pl Unit 2601condos332,440$1,120,0002026-08-20
20185 E Country Club Dr Apt 1202condos331,950$625,0002026-08-19
3598 Yacht Club Den Dr Unit 601condos221,530$385,0002026-08-17
19501 W Country Club Dr Apt 2513condos221,245$550,0002026-08-17
20379 W Country Club Dr Apt 1433condos221,313$215,0002026-08-17
19501 E Country Club Dr Unit 9306condos221,180$380,0002026-08-14
20201 E Country Club Dr Apt 2303condos343,264$1,300,0002026-08-14
20500 W Country Club Dr Apt 210condos12741$145,0002026-08-14
3029 NE 188th St Apt 1019condos12816$380,0002026-08-14
3370 Hidden Bay Dr Unit 602condos231,610$515,0002026-08-13
2880 NE 203rd St Unit 28Bcondos11$200,0002026-08-13
20281 E Country Club Dr Apt 1603condos221,470$560,0002026-08-13
20301 W Country Club Dr Apt 1826condos221,313$240,0002026-08-10
3640 Yacht Club Dr Apt 708condos221,430$415,0002026-08-10
19195 NE 36th Ct Unit 1706condos331,722$635,0002026-08-10
19707 Turnberry Way Apt 7Fcondos221,677$550,0002026-08-09
21200 Point Pl Unit 1901condos554,169$2,750,0002026-08-07
19195 NE 36th Ct Unit 2410condos221,353$465,0002026-08-07
19400 Turnberry Way Apt 1731condos231,544$600,0002026-08-07
20505 E Country Club Dr Apt 1133condos221,138$460,0002026-08-06
3530 Mystic Pointe Dr Apt 2202condos231,365$440,0002026-08-06
3610 Yacht Club Dr Apt 810condos221,053$300,0002026-08-05
3300 NE 188th St Unit LPH16condos452,942$2,500,0002026-08-03
3370 Hidden Bay Dr Unit 1702condos231,610$570,0002026-08-03
21150 Point Pl Unit 701condos332,640$1,200,0002026-08-03
3530 Mystic Pointe Dr Apt 1205condos221,361$500,0002026-08-03
3250 NE 188th St Apt 402condos352,307$1,000,0002026-08-01
3731 N Country Club Dr Apt 1223condos221,144$313,0002026-07-31
3300 NE 191st St Apt 714condos221,134$348,0002026-07-31
3640 Yacht Club Dr Apt 1007condos221,430$550,0002026-07-31
3400 NE 192nd St Apt 307condos221,181$235,0002026-07-31
20301 W Country Club Dr Apt 526condos221,313$304,0002026-07-31
20225 NE 34th Ct Apt 2411condos221,176$350,0002026-07-30
3675 N Country Club Dr Apt 1406condos221,092$251,5002026-07-29
19355 Turnberry Way Apt 8Kcondos221,910$475,0002026-07-28
3500 Mystic Pointe Dr Apt 3701condos331,714$580,0002026-07-28

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
20021 NE 25th Avesingle_family653,937$3,249,000
2549 NE 190th Stmulti_family642,434$1,699,000
19231 NE 22nd Avesingle_family653,462$2,650,000
2380 NE 196th Stsingle_family675,187$5,749,900
19860 NE 24th Ctsingle_family642,698$2,300,000

10-year hold projection

IRR-13.9%
Equity multiple-1.41x
Total return (10yr)-$660,845
YearProperty valueNOICash flowLoan balanceEquity
1$1,440,970-$38,665-$126,898$1,107,065$333,905
2$1,484,199-$39,454-$127,735$1,094,097$390,102
3$1,528,725-$40,258-$128,589$1,080,239$448,486
4$1,574,587-$41,076-$129,458$1,065,429$509,158
5$1,621,824-$41,910-$130,343$1,049,602$572,223
6$1,670,479-$42,758-$131,244$1,032,688$637,791
7$1,720,594-$43,621-$132,162$1,014,612$705,981
8$1,772,211-$44,500-$133,097$995,296$776,916
9$1,825,378-$45,395-$134,049$974,652$850,725
10$1,880,139-$46,305-$135,018$952,591$927,548
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.