19200 NE 14th Ct

Miami, FL 33179 · single_family · Ready To Build · 11 days on market
Asking price$2,985,990
5 beds 4 baths 4,119 sqft
Suggested offer$1,970,777$1,015,213 above the est. market value of $1,970,777.
View on Realtor.com →
Typesingle_family
Built
Price / sqft$725
Est. value (own analysis)$1,970,777
Rent estimate (own analysis)$16,475/mo
HOANone
Street view
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Neighborhood

Show every detail
Statusready_to_build
Listed date2026-08-23
Removed date
MLSLennar #4104
Coordinates25.95720, -80.16880
Address19200 NE 14th Ct
CityMiami
StateFL
Zip33179
Listing ID417001037082
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$2,985,990
Down payment (20.0%)$597,198
Loan amount$2,388,792
Closing costs (5.0%)$149,300
Total cash to close$746,498
Rent (comp-derived)$16,475$197,700
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$197,700
Vacancy rate (assumption) assumption8.0%

$197,700 × 8.0% = $15,816

Effective gross income$15,157$181,884
Property tax (placeholder 1.9% of price)$4,728$56,734
Insurance (placeholder 0.8% of price)$1,991$23,888
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$824$9,885
Total operating expenses$7,542$90,507
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$181,884
Total operating expenses derived$90,507

$181,884 − $90,507 = $91,377

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$2,388,792
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$2,388,792 amortized at 6.7% over 30 years = $15,351/mo

CapEx reserve (5.0% of GSR)$824$9,885
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$91,377
Annual debt service derived$184,212
Annual CapEx reserve assumption$9,885
Annual PMI assumption$0

($91,377 − $184,212 − $9,885 − $0) ÷ 12 = -$8,560

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$91,377
Purchase price data$2,985,990

$91,377 ÷ $2,985,990 = 3.1%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$102,720
Total cash to close derived$746,498

-$102,720 ÷ $746,498 = -13.8%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$91,377
Annual debt service derived$184,212

$91,377 ÷ $184,212 = 0.50

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$197,700
Purchase price data$2,985,990

($197,700 ÷ 12) ÷ $2,985,990 = 0.6%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$2,985,990
Gross scheduled rent (annual) comp$197,700

$2,985,990 ÷ $197,700 = 15.1

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$90,507
Effective gross income derived$181,884

$90,507 ÷ $181,884 = 49.8%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$90,507
Annual debt service derived$184,212
Annual PMI assumption$0
Gross scheduled rent (annual) comp$197,700

($90,507 + $184,212 + $0) ÷ $197,700 = 139.0%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family554,197$19,9002026-06-17
single_family554,400$18,0002026-05-26
single_family553,470$45,0002026-05-15
single_family543,275$10,0002025-11-16
single_family554,119$18,5002026-04-01
single_family554,057$14,9502026-04-20
single_family532,702$5,500
single_family532,700$10,0002026-07-29

19701 NE 16th Pl

Miami, 33179 · rent comp

Bedrooms / bathrooms5 bd / 5 ba
Square footage4,197
Listed2026-06-17
Days on market

Asking rent: $19,900

View on Zillow →

19616 NE 14th Ct

Miami, 33179 · rent comp

Bedrooms / bathrooms5 bd / 5 ba
Square footage4,400
Listed2026-05-26
Days on market

Asking rent: $18,000

View on Zillow →

1941 NE 196th Ter

Miami, 33179 · rent comp

Bedrooms / bathrooms5 bd / 5 ba
Square footage3,470
Listed2026-05-15
Days on market

Asking rent: $45,000

View on Zillow →

1961 NE 188th St

Miami, 33179 · rent comp

Bedrooms / bathrooms5 bd / 4 ba
Square footage3,275
Listed2025-11-16
Days on market

Asking rent: $10,000

View on Zillow →

19708 NE 14th Ave

Miami, 33179 · rent comp

Bedrooms / bathrooms5 bd / 5 ba
Square footage4,119
Listed2026-04-01
Days on market

Asking rent: $18,500

View on Zillow →

19602 NE 14th Ct Unit 0

Miami, 33179 · rent comp

Bedrooms / bathrooms5 bd / 5 ba
Square footage4,057
Listed2026-04-20
Days on market

Asking rent: $14,950

View on Zillow →

19244 NE 9th Pl

Miami, 33179 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage2,702
Listed
Days on market

Asking rent: $5,500

View on Zillow →

19340 NE 19th Ave

North Miami Beach, 33179 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage2,700
Listed2026-07-29
Days on market

Asking rent: $10,000

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
2021 NE 212th Stsingle_family553,880$2,600,0002026-08-31
2140 NE 206th Stsingle_family532,287$1,010,0002026-07-31
1961 S Oak Haven Cirsingle_family554,856$2,050,0002026-06-17
1870 NE 197th Tersingle_family532,837$1,188,0002026-05-27
2110 NE 198th Tersingle_family533,412$1,651,0002026-05-26
1270 North Drsingle_family541,600$599,0002026-05-04
312 NE 210th Waysingle_family552,833$1,475,0002026-04-30
2156 NE 187th Stsingle_family532,462$1,650,0002026-02-10
617 NE 191st Stsingle_family542,702$1,150,0002026-02-02
1860 NE 199th Stsingle_family532,883$1,729,0002026-02-02
19501 Ambassador Ctsingle_family554,780$2,757,0002026-01-12
20335 NE 20th Ctsingle_family573,277$2,100,0002025-12-24
1990 NE 197th Tersingle_family542,337$1,300,0002025-12-22
20101 NE 20th Ctsingle_family532,584$1,370,0002025-12-18
2131 NE 202nd Stsingle_family534,180$1,840,0002025-12-11
2011 NE 211th Stsingle_family522,767$1,305,0002025-11-13
1930 NE 193rd Stsingle_family555,285$2,500,0002025-11-03
1330 NE 212th Tersingle_family531,782$480,0002025-10-03

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
19200 NE 14th Ctsingle_family554,336$3,188,990
1875 NE 193rd Stsingle_family553,360$4,099,000
19200 NE 14th Ctsingle_family544,095$2,795,990
19613 NE 14th Avesingle_family554,336$3,188,990
19662 NE 14th Ctsingle_family544,095$2,865,890
19668 NE 14th Avesingle_family543,550$2,649,690
19200 NE 14th Ctsingle_family543,550$2,590,990
19617 NE 14th Avesingle_family544,119$3,031,265

10-year hold projection

IRR0.9%
Equity multiple1.15x
Total return (10yr)$500,783
YearProperty valueNOICash flowLoan balanceEquity
1$3,075,570$91,377-$102,720$2,362,892$712,677
2$3,167,837$94,571-$99,773$2,335,214$832,623
3$3,262,872$97,872-$96,726$2,305,635$957,237
4$3,360,758$101,284-$93,574$2,274,024$1,086,734
5$3,461,581$104,810-$90,314$2,240,243$1,221,337
6$3,565,428$108,453-$86,943$2,204,143$1,361,286
7$3,672,391$112,219-$83,457$2,165,563$1,506,828
8$3,782,563$116,110-$79,852$2,124,334$1,658,229
9$3,896,040$120,132-$76,125$2,080,273$1,815,767
10$4,012,921$124,287-$72,270$2,033,187$1,979,734
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.