20478 NW 4th Ct
Miami Gardens, FL 33169 · townhomes · For Sale · 128 days on market
Asking price$550,000
3 beds 3 baths 1,595 sqft
Suggested offer$463,427$86,573 above the est. market value of $463,427.
View on Realtor.com →Listed by Marianela Bracho · Brokers, Llc
Typetownhomes
Built2022
Price / sqft$345
Est. value (own analysis)$463,427
Rent estimate (own analysis)$3,650/mo
HOA$458/mo
Wind10/10Extreme$Heat10/10ExtremeFlood3/10moderate$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-04-28
Removed date—
MLSMiamiMLS #A12008795
Coordinates25.96308, -80.21045
Address20478 NW 4th Ct
CityMiami Gardens
StateFL
Zip33169
Listing ID9791584577
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 | $550,000 |
| Down payment (20.0%) | $110,000 |
| Loan amount | $440,000 |
| Closing costs (5.0%) | $27,500 |
| Total cash to close | $137,500 |
| Income | |
| Rent (comp-derived) | $3,650$43,800 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,358$40,296 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $871$10,450 |
| Insurance (est. scaled by flood & wind risk) | $587$7,040 |
| HOA dues | $458$5,496 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $183$2,190 |
| Total operating expenses | $2,098$25,176 |
| 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) | $183$2,190 |
| 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 | 3 | 3 | 1,595 | $4,200 | 2026-08-11 | — | |
| townhomes | 3 | 3 | 1,250 | $3,400 | 2026-08-09 | — | |
| townhomes | 3 | 2 | 1,419 | $3,800 | 2026-07-22 | — | |
| townhomes | 3 | 3 | 1,983 | $4,500 | 2026-05-28 | — | |
| townhomes | 3 | 2 | 1,367 | $2,683 | 2026-08-28 | — | |
| townhomes | 3 | 2 | 1,530 | $2,700 | 2026-04-17 | — | |
| townhomes | 3 | 2 | 1,344 | $3,500 | 2026-03-06 | — | |
| townhomes | 3 | 3 | 1,419 | $4,000 | 2026-07-30 | — |
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 |
|---|---|---|---|---|---|---|
| 21209 NW 14th Pl Unit 7-20 | townhomes | 3 | 3 | 1,419 | $330,000 | 2026-08-14 |
| 1363 NW 208th Ter | townhomes | 3 | 3 | 1,524 | $454,000 | 2026-08-13 |
| 411 NW 204th St | townhomes | 3 | 3 | 1,344 | $450,000 | 2026-06-30 |
| 20868 NW 9th Path | townhomes | 3 | 3 | 1,524 | $465,000 | 2026-06-17 |
| 21007 NW 14th Pl Apt 751 | townhomes | 3 | 3 | 1,744 | $390,000 | 2026-06-05 |
| 493 NW 204th St | townhomes | 3 | 3 | 1,595 | $520,000 | 2026-06-01 |
| 659 NW 204th St | townhomes | 3 | 3 | 1,344 | $480,000 | 2026-05-18 |
| 21105 NW 14th Pl Apt 238 | townhomes | 3 | 3 | 1,716 | $366,000 | 2026-05-14 |
| 21416 NW 13th Pl | townhomes | 3 | 2 | 1,589 | $450,000 | 2026-04-08 |
| 504 NW 179th St | townhomes | 3 | 2 | 1,327 | $270,000 | 2026-02-17 |
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 |
|---|---|---|---|---|---|---|
| 488 NW 165th St Rd Apt B512 | condos | 3 | 2 | 1,175 | $185,000 | — |
| 19615 NW 14th Ave | single_family | 3 | 2 | 1,479 | $639,000 | — |
| 400 NW 184th Ter Unit 400 | single_family | 3 | 2 | 1,291 | $470,000 | — |
| 140 NW 164th St | townhomes | 3 | 2 | — | $549,900 | — |
| 142 NW 164th St | townhomes | 3 | 2 | — | $549,900 | — |
| 136 NW 164th St | townhomes | 3 | 2 | — | $549,900 | — |
| 138 NW 164th St | townhomes | 3 | 2 | — | $549,900 | — |
| 19720 NW 12th Ct | single_family | 3 | 2 | 2,167 | $599,000 | — |
10-year hold projection
IRR-0.1%
Equity multiple0.99x
Total return (10yr)$70,704
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $566,500 | $15,120 | -$21,001 | $435,229 | $131,271 |
| 2 | $583,495 | $15,699 | -$20,476 | $430,131 | $153,364 |
| 3 | $601,000 | $16,299 | -$19,932 | $424,683 | $176,317 |
| 4 | $619,030 | $16,921 | -$19,368 | $418,860 | $200,169 |
| 5 | $637,601 | $17,564 | -$18,784 | $412,638 | $224,963 |
| 6 | $656,729 | $18,230 | -$18,179 | $405,989 | $250,740 |
| 7 | $676,431 | $18,919 | -$17,551 | $398,882 | $277,548 |
| 8 | $696,724 | $19,633 | -$16,901 | $391,288 | $305,435 |
| 9 | $717,625 | $20,371 | -$16,228 | $383,173 | $334,453 |
| 10 | $739,154 | $21,136 | -$15,530 | $374,500 | $364,654 |
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.