19200 NE 14th Ct

Miami, FL 33179 · single_family · Ready To Build · 11 days on market
Asking price$2,715,990
4 beds 4 baths 3,600 sqft
Suggested offer$1,368,432$1,347,558 above the est. market value of $1,368,432.
View on Realtor.com →
Typesingle_family
Built
Price / sqft$754
Est. value (own analysis)$1,368,432
Rent estimate (own analysis)$5,650/mo
HOANone
Street view
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Neighborhood

Show every detail
Statusready_to_build
Listed date2026-08-23
Removed date
MLSLennar #3533
Coordinates25.95720, -80.16880
Address19200 NE 14th Ct
CityMiami
StateFL
Zip33179
Listing ID417000881232
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)

Purchase price$2,715,990
Down payment (20.0%)$543,198
Loan amount$2,172,792
Closing costs (5.0%)$135,800
Total cash to close$678,998
Rent (comp-derived)$5,650$67,800
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$67,800
Vacancy rate (assumption) assumption8.0%

$67,800 × 8.0% = $5,424

Effective gross income$5,198$62,376
Property tax (placeholder 1.9% of price)$4,300$51,604
Insurance (placeholder 0.8% of price)$1,811$21,728
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$283$3,390
Total operating expenses$6,393$76,722
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$62,376
Total operating expenses derived$76,722

$62,376 − $76,722 = -$14,346

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$2,172,792
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$2,172,792 amortized at 6.7% over 30 years = $13,963/mo

CapEx reserve (5.0% of GSR)$283$3,390
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-$14,346
Annual debt service derived$167,555
Annual CapEx reserve assumption$3,390
Annual PMI assumption$0

(-$14,346 − $167,555 − $3,390 − $0) ÷ 12 = -$15,441

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived-$14,346
Purchase price data$2,715,990

-$14,346 ÷ $2,715,990 = -0.5%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$185,291
Total cash to close derived$678,998

-$185,291 ÷ $678,998 = -27.3%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived-$14,346
Annual debt service derived$167,555

-$14,346 ÷ $167,555 = -0.09

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$67,800
Purchase price data$2,715,990

($67,800 ÷ 12) ÷ $2,715,990 = 0.2%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$2,715,990
Gross scheduled rent (annual) comp$67,800

$2,715,990 ÷ $67,800 = 40.1

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$76,722
Effective gross income derived$62,376

$76,722 ÷ $62,376 = 123.0%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$76,722
Annual debt service derived$167,555
Annual PMI assumption$0
Gross scheduled rent (annual) comp$67,800

($76,722 + $167,555 + $0) ÷ $67,800 = 360.3%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family442,361$6,0002026-08-19
single_family432,752$10,7002026-06-24
single_family432,524$5,250
single_family442,654$5,300

668 NE 191st St Unit 0

Miami, 33179 · rent comp

Bedrooms / bathrooms4 bd / 4 ba
Square footage2,361
Listed2026-08-19
Days on market

Asking rent: $6,000

View on Zillow →

21303 NE 18th Pl

Miami, 33179 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage2,752
Listed2026-06-24
Days on market

Asking rent: $10,700

View on Zillow →

965 NE 193rd Ter # 965

Miami, 33179 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage2,524
Listed
Days on market

Asking rent: $5,250

View on Zillow →

21016 NE 2nd Ct

Miami, 33179 · rent comp

Bedrooms / bathrooms4 bd / 4 ba
Square footage2,654
Listed
Days on market

Asking rent: $5,300

View on Zillow →

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
19329 NE 8th Ctsingle_family432,223$850,0002026-08-28
1890 NE 211th Tersingle_family432,148$1,365,0002026-08-25
1111 NE 200th Tersingle_family432,103$656,0002026-08-12
1271 NE 211th Stsingle_family421,673$475,0002026-08-12
21304 NE 19th Ctsingle_family432,148$1,000,0002026-08-11
2101 NE 211th Tersingle_family443,006$1,535,0002026-08-04
1900 NE 210th Stsingle_family442,506$1,175,0002026-08-03
1850 NE 197th Tersingle_family432,556$1,850,0002026-07-08
2011 NE 211th Tersingle_family432,811$1,450,0002026-06-29
1980 NE 185th Tersingle_family432,289$940,0002026-06-16
1240 NE 214th Stsingle_family421,708$485,0002026-06-10
19720 NE 10th Ctsingle_family431,908$550,0002026-06-08
1915 NE 208th Tersingle_family453,006$1,045,0002026-06-02
1951 NE 194th Drsingle_family432,637$1,250,0002026-06-01
678 NE 191st Tersingle_family432,105$669,0002026-05-19
1880 NE 206th Tersingle_family432,422$1,150,0002026-05-15
1846 NE 211th Lnsingle_family422,484$1,340,0002026-05-13
2180 NE 190th Tersingle_family452,422$1,650,0002026-04-28
704 NE 193rd Stsingle_family422,223$720,0002026-04-27
1300 NE 215th Stsingle_family421,305$493,0002026-04-24
933 NE 191st Stsingle_family432,223$840,0002026-04-23
105 NE 213th Stsingle_family432,031$699,0002026-04-21
19930 NE 20th Ctsingle_family432,300$1,275,0002026-04-20
1920 NE 206th Tersingle_family422,290$950,0002026-04-15
19321 NE 19th Avesingle_family432,073$850,0002026-04-15
865 NE 208th Tersingle_family432,897$775,0002026-04-13
1981 NE 196th Tersingle_family432,358$1,950,0002026-04-09
18441 NE 21st Avesingle_family432,111$640,0002026-04-03
19732 NE 12th Plsingle_family421,668$620,0002026-03-18
21440 Highland Lakes Blvdsingle_family43$1,880,0002026-03-17
1355 NE 200th Tersingle_family422,140$420,0002026-03-16
1420 North Drsingle_family421,658$480,0002026-03-16
2100 NE 211th Tersingle_family422,646$1,415,0002026-03-11
2180 NE 197th Tersingle_family432,099$1,250,0002026-03-05
674 NE 191st Tersingle_family432,156$750,0002026-02-27
19461 NE 22nd Rdsingle_family432,598$1,320,0002026-02-27
1011 NE 196th Stsingle_family421,280$562,0002026-02-20
20550 NE 8th Ctsingle_family431,649$700,0002026-02-19
2060 NE 198th Tersingle_family452,943$2,420,0002026-02-18
19111 NE 8th Ctsingle_family432,361$820,0002026-02-12
706 NE 191st Tersingle_family432,156$720,0002026-01-28
19001 NE 20th Avesingle_family432,480$870,0002026-01-27
20605 NE 19th Ctsingle_family421,865$800,0002026-01-15
6401679742single_family43$760,0002026-01-09
20035 NE 14th Ctsingle_family422,598$572,0002026-01-05
1181 NE 202nd Stsingle_family431,986$725,0002025-12-30
242 NE 199th Tersingle_family433,093$610,0002025-12-24
20430 NE 20th Ctsingle_family432,395$850,0002025-12-24
566 NE 191st Tersingle_family432,223$1,036,0002025-12-18
20014 NE 6th Court Cirsingle_family432,009$575,0002025-12-08

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
19901 NE 21st Avesingle_family432,654$1,850,000
21141 NE 21st Ctsingle_family432,859$1,749,000
30 NE 193rd Tersingle_family431,685$634,900
19656 NE 14th Ctsingle_family443,600$2,751,965
19522 NE 17th Avesingle_family442,847$1,985,000
1298 NE 199th Stsingle_family421,614$680,000
1970 NE 198th Tersingle_family432,545$1,550,000
20636 NE 5th Pltownhomes442,086$675,000

10-year hold projection

IRR-8.3%
Equity multiple-0.41x
Total return (10yr)-$600,481
YearProperty valueNOICash flowLoan balanceEquity
1$2,797,470-$14,346-$185,291$2,149,234$648,236
2$2,881,394-$14,392-$185,423$2,124,058$757,335
3$2,967,836-$14,431-$185,548$2,097,154$870,682
4$3,056,871-$14,461-$185,667$2,068,402$988,469
5$3,148,577-$14,482-$185,779$2,037,675$1,110,902
6$3,243,034-$14,493-$185,884$2,004,839$1,238,195
7$3,340,325-$14,493-$185,980$1,969,747$1,370,578
8$3,440,535-$14,483-$186,068$1,932,246$1,508,289
9$3,543,751-$14,462-$186,148$1,892,170$1,651,581
10$3,650,063-$14,428-$186,217$1,849,341$1,800,722
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.