1888 NW 18th St
Miami, FL 33125 · multi_family · For Sale · 42 days on market
Asking price$480,000
4 beds 2 baths 1,366 sqft
Suggested offer$419,307$60,693 above the est. market value of $419,307.
View on Realtor.com →Listed by Elsy Amaya · Realty World Executive Homes
Typemulti_family
Built1925
Price / sqft$351
Est. value (own analysis)$419,307
Rent estimate (building total, own analysis)$3,907/mo
HOANone
1 / 4
Show every detail
Statusfor_sale
Listed date2026-07-22
Removed date—
MLSMiamiMLS #A12058142
Coordinates25.79158, -80.22704
Address1888 NW 18th St
CityMiami
StateFL
Zip33125
Listing ID5252613052
Sourceus-real-estate-listings, cached 2026-08-25
ZIP market snapshot (33125)
Typical home value (ZHVI)$466,681
Typical rent (ZORI)$2,360/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 | $480,000 |
| Down payment (20.0%) | $96,000 |
| Loan amount | $384,000 |
| Closing costs (5.0%) | $24,000 |
| Total cash to close | $120,000 |
| Income | |
| Rent (estimate) | $3,907$46,881 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,594$43,131 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $760$9,120 |
| Insurance (placeholder 0.8% of price) | $320$3,840 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $195$2,344 |
| Total operating expenses | $1,275$15,304 |
| 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) | $195$2,344 |
| 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
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| multi_family | 4 | 2 | 1,686 | $3,400 | 2026-08-24 | — |
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 |
|---|---|---|---|---|---|---|
| 460 NW 25th Ct | multi_family | 4 | 2 | 1,584 | $424,000 | 2026-08-12 |
| 1851 NW 22nd Ct | multi_family | 4 | 4 | 1,995 | $570,000 | 2026-07-07 |
| 1397 NW 28th Ave | multi_family | 4 | 4 | 3,184 | $900,000 | 2026-06-01 |
| 1342 NW 1st St | multi_family | 4 | 2 | 1,950 | $640,000 | 2026-05-27 |
| 1361 NW 6th St | multi_family | 4 | 3 | 1,992 | $1,413,000 | 2026-03-05 |
| 954 NW 34th Ave | multi_family | 4 | 4 | 2,066 | $805,000 | 2026-02-26 |
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 |
|---|---|---|---|---|---|---|
| 201 NW 25th Ave | single_family | 4 | 2 | 2,085 | $700,000 | — |
| 3536 NW 14th Ter | single_family | 4 | 3 | 1,760 | $785,000 | — |
| 1442 NW 2nd St | single_family | 4 | 2 | 1,598 | $5,000,000 | — |
| 21 NW 32nd Ct | multi_family | 4 | 2 | 1,680 | $799,999 | — |
| 112 NW 24th Ct | single_family | 4 | 3 | — | $1,200,000 | — |
| 1600 NW 29th Ave | single_family | 4 | 2 | 1,448 | $620,000 | — |
| 2323 NW 1st St | single_family | 4 | 3 | 1,950 | $679,999 | — |
| 2315 NW 3rd St | single_family | 4 | 3 | 1,976 | $1,150,000 | — |
10-year hold projection
IRR8.5%
Equity multiple2.33x
Total return (10yr)$222,847
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $494,400 | $27,827 | -$4,130 | $379,837 | $114,563 |
| 2 | $509,232 | $28,738 | -$3,277 | $375,387 | $133,845 |
| 3 | $524,509 | $29,678 | -$2,397 | $370,632 | $153,877 |
| 4 | $540,244 | $30,649 | -$1,487 | $365,551 | $174,693 |
| 5 | $556,452 | $31,651 | -$549 | $360,121 | $196,331 |
| 6 | $573,145 | $32,685 | $421 | $354,317 | $218,828 |
| 7 | $590,339 | $33,752 | $1,422 | $348,115 | $242,224 |
| 8 | $608,050 | $34,854 | $2,455 | $341,488 | $266,562 |
| 9 | $626,291 | $35,990 | $3,522 | $334,405 | $291,886 |
| 10 | $645,080 | $37,163 | $4,623 | $326,836 | $318,244 |
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.