21000 NE 18th Ct

Miami, FL 33179 · single_family · For Sale · 346 days on market
Asking price$1,845,000
3 beds 4 baths 2,642 sqft
Suggested offer$973,710$871,290 above the est. market value of $973,710.
View on Realtor.com →
Listed by Adi Amuial · Miles Goldstein Real Estate
Typesingle_family
Built1972
Price / sqft$698
Est. value (own analysis)$973,710
Rent estimate (own analysis)$4,500/mo
HOANone
Street view
View full map & nearby schools →

Neighborhood

Show every detail
Statusfor_sale
Listed date2025-09-21
Removed date
MLSMiamiMLS #A11882049
Coordinates25.96841, -80.16466
Address21000 NE 18th Ct
CityMiami
StateFL
Zip33179
Listing ID5425633779
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$1,845,000
Down payment (20.0%)$369,000
Loan amount$1,476,000
Closing costs (5.0%)$92,250
Total cash to close$461,250
Rent (comp-derived)$4,500$54,000
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$54,000
Vacancy rate (assumption) assumption8.0%

$54,000 × 8.0% = $4,320

Effective gross income$4,140$49,680
Property tax (placeholder 1.9% of price)$2,921$35,055
Insurance (placeholder 0.8% of price)$1,230$14,760
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$225$2,700
Total operating expenses$4,376$52,515
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$49,680
Total operating expenses derived$52,515

$49,680 − $52,515 = -$2,835

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$1,476,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$1,476,000 amortized at 6.7% over 30 years = $9,485/mo

CapEx reserve (5.0% of GSR)$225$2,700
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-$2,835
Annual debt service derived$113,822
Annual CapEx reserve assumption$2,700
Annual PMI assumption$0

(-$2,835 − $113,822 − $2,700 − $0) ÷ 12 = -$9,946

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived-$2,835
Purchase price data$1,845,000

-$2,835 ÷ $1,845,000 = -0.2%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$119,357
Total cash to close derived$461,250

-$119,357 ÷ $461,250 = -25.9%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived-$2,835
Annual debt service derived$113,822

-$2,835 ÷ $113,822 = -0.02

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$54,000
Purchase price data$1,845,000

($54,000 ÷ 12) ÷ $1,845,000 = 0.2%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$1,845,000
Gross scheduled rent (annual) comp$54,000

$1,845,000 ÷ $54,000 = 34.2

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$52,515
Effective gross income derived$49,680

$52,515 ÷ $49,680 = 105.7%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$52,515
Annual debt service derived$113,822
Annual PMI assumption$0
Gross scheduled rent (annual) comp$54,000

($52,515 + $113,822 + $0) ÷ $54,000 = 308.0%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family322,689$5,7002026-08-19
single_family311,958$2,6502026-08-13
single_family331,965$4,5002026-08-10
single_family311,958$2,6502026-08-09
single_family331,965$3,7502026-06-19
single_family332,080$3,2002026-06-17
single_family332,124$4,7002026-03-19
single_family332,124$5,5002026-02-26
single_family331,926$7,0002026-07-22
single_family322,093$6,5002026-08-07
single_family331,965$4,5002026-08-31

633 NE 204th Ln Unit 633

Miami, 33179 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage2,689
Listed2026-08-19
Days on market

Asking rent: $5,700

View on Zillow →

1150 NE 201st Ter # 0

Miami, 33179 · rent comp

Bedrooms / bathrooms3 bd / 1 ba
Square footage1,958
Listed2026-08-13
Days on market

Asking rent: $2,650

View on Zillow →

894 NE 191st St

Miami, 33179 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,965
Listed2026-08-10
Days on market

Asking rent: $4,500

View on Zillow →

1150 NE 201st Ter Unit 0

Miami, 33179 · rent comp

Bedrooms / bathrooms3 bd / 1 ba
Square footage1,958
Listed2026-08-09
Days on market

Asking rent: $2,650

View on Zillow →

20020 NE 6th Court Cir

Miami, 33179 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,965
Listed2026-06-19
Days on market

Asking rent: $3,750

View on Zillow →

414 NE 195th St Unit 414

Miami, 33179 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage2,080
Listed2026-06-17
Days on market

Asking rent: $3,200

View on Zillow →

760 NE 193rd Ter

Miami, 33179 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage2,124
Listed2026-03-19
Days on market

Asking rent: $4,700

View on Zillow →

829 NE 191st St

Miami, 33179 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage2,124
Listed2026-02-26
Days on market

Asking rent: $5,500

View on Zillow →

2180 NE 191st Dr

North Miami Beach, 33179 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,926
Listed2026-07-22
Days on market

Asking rent: $7,000

View on Zillow →

1871 NE 186th St

North Miami Beach, 33179 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage2,093
Listed2026-08-07
Days on market

Asking rent: $6,500

View on Zillow →

616 NE 193rd St

Miami, 33179 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,965
Listed2026-08-31
Days on market

Asking rent: $4,500

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
2010 NE 196th Tersingle_family32$1,600,0002026-09-01
1940 NE 186th Drsingle_family322,675$1,400,0002026-08-20
1010 NE 204th Tersingle_family332,149$650,1002026-08-13
20800 Highland Lakes Blvdsingle_family322,442$900,0002026-08-06
878 NE 191st Stsingle_family332,124$689,0002026-07-29
21490 Highland Lakes Blvdsingle_family321,845$2,060,0002026-07-27
20411 NE 7th Plsingle_family321,947$648,0002026-07-24
20515 Highland Lakes Blvdsingle_family321,774$775,0002026-07-24
20730 NE Miami Ctsingle_family321,364$495,0002026-07-22
19411 NE 19th Ctsingle_family321,725$825,0002026-07-15
1925 NE 208th Tersingle_family322,580$1,454,0002026-06-30
5638545970single_family321,781$555,0002026-06-26
18340 NE 20th Ctsingle_family311,466$670,0002026-06-26
1941 NE 186th Drsingle_family322,270$1,650,0002026-06-25
20141 NE 15th Avesingle_family321,772$485,0002026-06-25
1950 NE 195th Drsingle_family322,511$1,500,0002026-06-17
901 NE 191st Stsingle_family332,124$740,0002026-06-15
1220 NE 206th Stsingle_family321,166$549,0002026-06-11
772 NE 191st Tersingle_family331,936$605,0002026-05-27
723 NE 193rd Stsingle_family321,965$620,0002026-05-15
650 NE 193rd Tersingle_family321,808$710,0002026-05-11
1280 NE 211th Tersingle_family321,012$380,0002026-05-08
1915 NE 213th Tersingle_family322,354$1,350,0002026-05-06
220 NE 211th Stsingle_family331,854$505,0002026-05-05
21241 NE 2nd Avesingle_family321,519$495,0002026-05-02
20500 Highland Lakes Blvdsingle_family321,968$1,300,0002026-04-30
1011 NE 212th Tersingle_family321,166$495,0002026-04-27
221 NE 212th Stsingle_family331,449$465,0002026-04-24
21411 Highland Lakes Blvdsingle_family322,039$1,335,0002026-04-21
1201 NE 206th Stsingle_family321,232$360,0002026-04-17
100 NE 212th Tersingle_family321,364$479,9002026-04-13
20400 NE 14th Avesingle_family322,206$495,0002026-03-30
351 NE 211th Stsingle_family331,451$499,9952026-03-25
1140 NE 204th Stsingle_family321,735$580,0002026-03-23
19975 NE 10th Place Waysingle_family322,083$635,0002026-03-23
20610 NE 15th Ctsingle_family321,288$420,0002026-03-11
2069 NE 196th Tersingle_family331,900$1,250,0002026-03-11
19420 NE 19th Plsingle_family321,747$1,050,0002026-03-10
2000 NE 183rd Stsingle_family311,117$500,0002026-03-06
2055 NE 201st Tersingle_family332,774$1,465,0002026-03-05
1810 NE 193rd Stsingle_family323,118$1,225,0002026-02-11
21301 NE 20th Avesingle_family321,895$616,0002026-02-06
841 NE 205th Stsingle_family321,674$720,0002026-01-21
19822 NE 1st Avesingle_family321,050$474,0002026-01-09
1131 NE 211th Stsingle_family331,232$450,0002026-01-08
1930 NE 197th Tersingle_family321,820$985,0002025-12-30
1131 NE 211th Tersingle_family311,166$346,5002025-12-23
21211 NE 2nd Avesingle_family321,364$483,0002025-12-22
2155 NE Miami Gardens Drsingle_family332,002$715,0002025-12-22
115 NE 213th Stsingle_family321,373$507,0002025-12-19

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
929 NE 211th Stcondos331,320$475,000
21015 NE 19th Ctsingle_family321,631$1,294,000
243 NE 212th Tersingle_family331,854$489,500
1047 NE 208th Sttownhomes331,743$450,000
20310 NE 3rd Ct Apt 2condos321,185$259,999
253 NE 211th Tersingle_family331,449$399,900
20800 NE 8th Ct Unit 206-17condos321,125$285,000
1133 NE 210th Tertownhomes331,469$430,000

10-year hold projection

IRR-7.4%
Equity multiple-0.24x
Total return (10yr)-$333,041
YearProperty valueNOICash flowLoan balanceEquity
1$1,900,350-$2,835-$119,357$1,459,997$440,353
2$1,957,361-$2,657-$119,247$1,442,895$514,466
3$2,016,081-$2,468-$119,127$1,424,618$591,463
4$2,076,564-$2,266-$118,996$1,405,087$671,477
5$2,138,861-$2,051-$118,854$1,384,214$754,646
6$2,203,026-$1,823-$118,700$1,361,908$841,118
7$2,269,117-$1,581-$118,534$1,338,070$931,047
8$2,337,191-$1,324-$118,355$1,312,595$1,024,595
9$2,407,307-$1,051-$118,163$1,285,371$1,121,935
10$2,479,526-$763-$117,957$1,256,277$1,223,248
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.