403 NE 212th St
Miami, FL 33179 · townhomes · For Sale · 356 days on market
Asking price$537,500
3 beds 3 baths 1,378 sqft
Suggested offer$392,872$144,628 above the est. market value of $392,872.
View on Realtor.com →Listed by Gabriela Fruchtermann · Realty One Group Evolution
Typetownhomes
Built2020
Price / sqft$390
Est. value (own analysis)$392,872
Rent estimate (own analysis)$3,100/mo
HOA$425/mo
1 / 59
Show every detail
Statusfor_sale
Listed date2025-09-11
Removed date—
MLSMiamiMLS #A11876990
Coordinates25.97109, -80.19485
Address403 NE 212th St
CityMiami
StateFL
Zip33179
Listing ID9950372742
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 | $537,500 |
| Down payment (20.0%) | $107,500 |
| Loan amount | $430,000 |
| Closing costs (5.0%) | $26,875 |
| Total cash to close | $134,375 |
| Income | |
| Rent (comp-derived) | $3,100$37,200 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,852$34,224 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $851$10,213 |
| Insurance (placeholder 0.8% of price) | $358$4,300 |
| HOA dues | $425$5,100 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $155$1,860 |
| Total operating expenses | $1,789$21,473 |
| 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) | $155$1,860 |
| 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 | 1,320 | $3,250 | 2026-08-20 | — | |
| townhomes | 3 | 3 | 1,478 | $3,000 | 2026-08-19 | — | |
| townhomes | 3 | 3 | 1,662 | $3,200 | 2026-08-19 | — | |
| townhomes | 3 | 3 | 1,320 | $3,050 | 2026-08-17 | — | |
| townhomes | 3 | 3 | 1,170 | $2,500 | 2026-08-14 | — | |
| townhomes | 3 | 3 | 1,485 | $3,500 | 2026-08-07 | — | |
| townhomes | 3 | 2 | 1,070 | $2,400 | 2026-07-25 | — | |
| townhomes | 3 | 3 | 1,403 | $2,950 | 2026-07-14 | — | |
| townhomes | 3 | 3 | 1,360 | $2,800 | 2026-07-08 | — | |
| townhomes | 3 | 3 | 1,485 | $3,000 | 2026-07-01 | — | |
| townhomes | 3 | 3 | 1,378 | $3,300 | 2026-06-29 | — | |
| townhomes | 3 | 3 | 1,485 | $3,100 | 2026-06-25 | — | |
| townhomes | 3 | 3 | 1,466 | $3,050 | 2026-06-24 | — | |
| townhomes | 3 | 4 | 1,662 | $3,250 | 2026-06-23 | — | |
| townhomes | 3 | 3 | 1,485 | $3,250 | 2026-06-16 | — | |
| townhomes | 3 | 3 | 1,469 | $2,899 | 2026-05-23 | — | |
| townhomes | 3 | 3 | 1,485 | $3,000 | 2026-05-11 | — | |
| townhomes | 3 | 3 | 1,812 | $3,200 | 2026-05-08 | — | |
| townhomes | 3 | 3 | 1,478 | $3,300 | 2026-04-29 | — | |
| townhomes | 3 | 3 | 1,320 | $3,000 | 2026-08-03 | — | |
| townhomes | 3 | 3 | 1,662 | $3,000 | 2026-07-30 | — | |
| townhomes | 3 | 3 | 1,320 | $2,850 | 2026-07-28 | — | |
| townhomes | 3 | 3 | 1,777 | $3,300 | 2026-03-19 | — | |
| townhomes | 3 | 3 | 1,798 | $3,800 | 2026-04-22 | — | |
| townhomes | 3 | 2 | 1,220 | $2,900 | 2026-03-12 | — | |
| townhomes | 3 | 3 | 1,320 | $3,350 | 2026-03-11 | — | |
| townhomes | 3 | 3 | 1,403 | $3,300 | 2026-08-31 | — | |
| townhomes | 3 | 3 | 1,378 | $3,400 | 2026-09-02 | — | |
| townhomes | 3 | 3 | 1,671 | $3,550 | 2026-09-02 | — |
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 |
|---|---|---|---|---|---|---|
| 544 NE 206th Ln | townhomes | 3 | 3 | 1,478 | $515,000 | 2026-08-31 |
| 20666 NE 2nd Ct | townhomes | 3 | 3 | 1,478 | $600,000 | 2026-08-28 |
| 20866 NE 7th Pl | townhomes | 3 | 3 | 1,704 | $524,900 | 2026-08-28 |
| 1024 NE 208th St | townhomes | 3 | 3 | 1,743 | $420,000 | 2026-08-24 |
| 323 Ives Dairy Rd Unit 323-06 | townhomes | 3 | 2 | 1,550 | $240,000 | 2026-08-21 |
| 325 NE 208th Ter | townhomes | 3 | 3 | 1,403 | $400,000 | 2026-08-11 |
| 1020 NE 210th Ter | townhomes | 3 | 2 | 1,469 | $285,000 | 2026-08-07 |
| 1007 NE 208th St Unit 1007 | townhomes | 3 | 3 | 1,743 | $450,000 | 2026-08-05 |
| 20572 NE 5th Pl | townhomes | 3 | 3 | 1,378 | $465,000 | 2026-07-13 |
| 21419 NE 2nd Path | townhomes | 3 | 3 | 1,485 | $432,500 | 2026-07-10 |
| 1048 NE 208th St | townhomes | 3 | 3 | 1,812 | $440,000 | 2026-06-29 |
| 20673 NE 10th Path | townhomes | 3 | 3 | 1,743 | $451,000 | 2026-06-18 |
| 1027 NE 207th St Unit 1027 | townhomes | 3 | 3 | 1,743 | $440,000 | 2026-06-03 |
| 20603 NE 6th Ct | townhomes | 3 | 3 | 2,120 | $489,000 | 2026-05-15 |
| 21357 NE 2nd Ct | townhomes | 3 | 3 | 1,478 | $475,000 | 2026-05-06 |
| 328 NE 208th Ter | townhomes | 3 | 3 | 1,320 | $449,000 | 2026-05-01 |
| 20651 NE 7th Pl | townhomes | 3 | 3 | 1,344 | $460,000 | 2026-04-22 |
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 |
|---|---|---|---|---|---|---|
| 929 NE 211th St | condos | 3 | 3 | 1,320 | $475,000 | — |
| 21015 NE 19th Ct | single_family | 3 | 2 | 1,631 | $1,294,000 | — |
| 243 NE 212th Ter | single_family | 3 | 3 | 1,854 | $489,500 | — |
| 1047 NE 208th St | townhomes | 3 | 3 | 1,743 | $450,000 | — |
| 20310 NE 3rd Ct Apt 2 | condos | 3 | 2 | 1,185 | $259,999 | — |
| 253 NE 211th Ter | single_family | 3 | 3 | 1,449 | $399,900 | — |
| 20800 NE 8th Ct Unit 206-17 | condos | 3 | 2 | 1,125 | $285,000 | — |
| 1133 NE 210th Ter | townhomes | 3 | 3 | 1,469 | $430,000 | — |
10-year hold projection
IRR-1.0%
Equity multiple0.84x
Total return (10yr)$48,208
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $553,625 | $12,752 | -$22,268 | $425,338 | $128,287 |
| 2 | $570,234 | $13,241 | -$21,825 | $420,355 | $149,878 |
| 3 | $587,341 | $13,749 | -$21,365 | $415,031 | $172,310 |
| 4 | $604,961 | $14,274 | -$20,889 | $409,341 | $195,620 |
| 5 | $623,110 | $14,818 | -$20,395 | $403,260 | $219,850 |
| 6 | $641,803 | $15,381 | -$19,883 | $396,761 | $245,042 |
| 7 | $661,057 | $15,964 | -$19,353 | $389,817 | $271,241 |
| 8 | $680,889 | $16,567 | -$18,803 | $382,395 | $298,494 |
| 9 | $701,316 | $17,192 | -$18,234 | $374,464 | $326,852 |
| 10 | $722,355 | $17,838 | -$17,644 | $365,988 | $356,367 |
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.