18963 SW 113th Ct
Miami, FL 33157 · townhomes · For Sale · 163 days on market
Asking price$505,000
3 beds 2 baths 1,412 sqft
Listed by Bruno Jr Phanord · Keller Williams Elite Properties
Typetownhomes
Built2003
Price / sqft$358
Est. value (Zillow, adjusted)$543,268
Rent estimate (own analysis)$2,800/mo
HOANone
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Statusfor_sale
Listed date2026-03-24
Removed date—
MLSMiamiMLS #A11988269
Coordinates25.59086, -80.37520
Address18963 SW 113th Ct
CityMiami
StateFL
Zip33157
Listing ID5214738075
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33157)
Typical home value (ZHVI)$630,585
Typical rent (ZORI)$2,736/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 | $505,000 |
| Down payment (20.0%) | $101,000 |
| Loan amount | $404,000 |
| Closing costs (5.0%) | $25,250 |
| Total cash to close | $126,250 |
| Income | |
| Rent (comp-derived) | $2,800$33,600 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,576$30,912 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $800$9,595 |
| Insurance (placeholder 0.8% of price) | $337$4,040 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $140$1,680 |
| Total operating expenses | $1,276$15,315 |
| 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) | $140$1,680 |
| 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 | 2 | 1,246 | $3,200 | 2026-07-27 | — | |
| townhomes | 3 | 2 | 1,308 | $2,650 | 2026-08-22 | — | |
| townhomes | 3 | 3 | 1,638 | $2,500 | 2026-08-17 | — | |
| townhomes | 3 | 3 | 1,638 | $2,900 | 2026-08-25 | — | |
| townhomes | 3 | 3 | 1,100 | $2,500 | 2026-06-23 | — | |
| townhomes | 3 | 3 | 1,280 | $2,475 | 2026-05-21 | — | |
| townhomes | 3 | 3 | 1,638 | $2,800 | 2026-08-17 | — | |
| townhomes | 3 | 4 | 1,831 | $3,811 | 2026-07-02 | — | |
| townhomes | 3 | 3 | 1,528 | $2,800 | 2026-08-31 | — |
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.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 15750 SW 92nd Ave Unit 20C | townhomes | 3 | 3 | 1,370 | $430,000 | 2026-07-07 |
| 8903 SW 184th Ter | townhomes | 4 | 2 | 1,921 | $575,000 | 2026-06-10 |
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 |
|---|---|---|---|---|---|---|
| 19500 SW 115th Ave | single_family | 3 | 1 | 1,056 | $609,900 | — |
| 10222 SW 181st St | single_family | 3 | 1 | 864 | $450,000 | — |
| 11030 SW 153rd St | single_family | 3 | 1 | 1,078 | $510,000 | — |
| 16604 SW 104th Ct | single_family | 3 | 2 | 2,061 | $650,000 | — |
| townhomes | 3 | 3 | 1,421 | $450,000 | — | |
| 11440 SW 185th Ter | single_family | 3 | 2 | 1,277 | $410,000 | — |
| 15435 SW 108th Ct | single_family | 3 | 2 | 1,323 | $674,900 | — |
| 11243 SW 174th Ter | single_family | 3 | 2 | 1,650 | $830,000 | — |
10-year hold projection
IRR1.0%
Equity multiple1.16x
Total return (10yr)$86,243
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $520,150 | $15,597 | -$17,238 | $399,620 | $120,530 |
| 2 | $535,755 | $16,141 | -$16,735 | $394,939 | $140,816 |
| 3 | $551,827 | $16,704 | -$16,215 | $389,936 | $161,891 |
| 4 | $568,382 | $17,286 | -$15,678 | $384,590 | $183,792 |
| 5 | $585,433 | $17,887 | -$15,122 | $378,877 | $206,556 |
| 6 | $602,996 | $18,508 | -$14,547 | $372,772 | $230,225 |
| 7 | $621,086 | $19,150 | -$13,953 | $366,247 | $254,839 |
| 8 | $639,719 | $19,813 | -$13,338 | $359,274 | $280,445 |
| 9 | $658,910 | $20,499 | -$12,703 | $351,823 | $307,088 |
| 10 | $678,678 | $21,207 | -$12,046 | $343,859 | $334,818 |
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.