18977 NW 63rd Court Cir

Miami Gardens, FL 33015 · single_family · Pending — under contract · 93 days on market
Asking price$525,000
3 beds 3 baths 1,425 sqft
View on Realtor.com →
Listed by Candace Garber · TruDeals Realty Corp
Typesingle_family
Built1986
Price / sqft$368
Est. value (own analysis)$549,398
Rent estimate (own analysis)$3,500/mo
HOA$105/mo
Wind10/10Extreme$Heat10/10ExtremeAir2/10MinorFlood1/10minimal$Wildfire1/10Minimal
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-06-01
Removed date
MLSBeachesMLS #B26035297
Coordinates25.94584, -80.30394
Address18977 NW 63rd Court Cir
CityMiami Gardens
StateFL
Zip33015
Listing ID5699710754
Sourceus-real-estate-listings, cached 2026-08-28

ZIP market snapshot (33015)

Typical home value (ZHVI)$397,440
Typical rent (ZORI)$2,324/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$525,000
Down payment (20.0%)$105,000
Loan amount$420,000
Closing costs (5.0%)$26,250
Total cash to close$131,250
Rent (comp-derived)$3,500$42,000
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$42,000
Vacancy rate (assumption) assumption8.0%

$42,000 × 8.0% = $3,360

Effective gross income$3,220$38,640
Property tax (placeholder 1.9% of price)$831$9,975
Insurance (est. scaled by flood & wind risk)$525$6,300
HOA dues$105$1,260
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$175$2,100
Total operating expenses$1,636$19,635
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$38,640
Total operating expenses derived$19,635

$38,640 − $19,635 = $19,005

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$420,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$420,000 amortized at 6.7% over 30 years = $2,699/mo

CapEx reserve (5.0% of GSR)$175$2,100
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$19,005
Annual debt service derived$32,388
Annual CapEx reserve assumption$2,100
Annual PMI assumption$0

($19,005 − $32,388 − $2,100 − $0) ÷ 12 = -$1,290

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$19,005
Purchase price data$525,000

$19,005 ÷ $525,000 = 3.6%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$15,483
Total cash to close derived$131,250

-$15,483 ÷ $131,250 = -11.8%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$19,005
Annual debt service derived$32,388

$19,005 ÷ $32,388 = 0.59

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$42,000
Purchase price data$525,000

($42,000 ÷ 12) ÷ $525,000 = 0.7%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$525,000
Gross scheduled rent (annual) comp$42,000

$525,000 ÷ $42,000 = 12.5

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$19,635
Effective gross income derived$38,640

$19,635 ÷ $38,640 = 50.8%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$19,635
Annual debt service derived$32,388
Annual PMI assumption$0
Gross scheduled rent (annual) comp$42,000

($19,635 + $32,388 + $0) ÷ $42,000 = 123.9%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family321,547$3,195
single_family321,914$3,165
single_family321,582$3,8902026-08-22
single_family321,760$3,540
single_family321,719$3,2002026-04-14
single_family321,328$3,3002026-08-05
single_family321,147$4,5002026-08-24
single_family331,660$3,2002026-08-25
single_family321,698$3,8002026-03-11
single_family321,445$3,6502026-07-29
single_family321,359$3,5002026-07-20
single_family321,277$3,7002026-03-11
single_family321,612$3,8502026-07-21
single_family331,425$3,9002026-07-09
single_family32936$2,900
single_family321,147$4,500
single_family331,854$3,500
single_family321,245$2,800
single_family321,450$3,199
single_family331,500$2,900
single_family331,520$3,200
single_family331,697$3,600
single_family321,832$4,2902026-08-31

19226 NW 82nd Circle Ct

Hialeah, 33015 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,547
Listed
Days on market

Asking rent: $3,195

View on Zillow →

8301 NW 194th Ter

Hialeah, 33015 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,914
Listed
Days on market

Asking rent: $3,165

View on Zillow →

6671 NW 199th St

Hialeah, 33015 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,582
Listed2026-08-22
Days on market

Asking rent: $3,890

View on Zillow →

19432 NW 62nd Ct

Hialeah, 33015 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,760
Listed
Days on market

Asking rent: $3,540

View on Zillow →

19712 NW 82nd Pl

Hialeah, 33015 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,719
Listed2026-04-14
Days on market

Asking rent: $3,200

View on Zillow →

17040 NW 82nd Ave Unit 17040

Hialeah, 33015 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,328
Listed2026-08-05
Days on market

Asking rent: $3,300

View on Zillow →

7821 NW 194th St Unit 7821

Hialeah, 33015 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,147
Listed2026-08-24
Days on market

Asking rent: $4,500

View on Zillow →

8265 NW 192nd Ter

Hialeah, 33015 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,660
Listed2026-08-25
Days on market

Asking rent: $3,200

View on Zillow →

7871 NW 181st St

Hialeah, 33015 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,698
Listed2026-03-11
Days on market

Asking rent: $3,800

View on Zillow →

19081 NW 77th Ct Unit 1

Hialeah, 33015 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,445
Listed2026-07-29
Days on market

Asking rent: $3,650

View on Zillow →

Hialeah, 33015 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,359
Listed2026-07-20
Days on market

Asking rent: $3,500

View on Zillow →

8455 NW 190th Ter

Hialeah, 33015 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,277
Listed2026-03-11
Days on market

Asking rent: $3,700

View on Zillow →

6641 NW 174th Ter Unit 6641

Hialeah, 33015 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,612
Listed2026-07-21
Days on market

Asking rent: $3,850

View on Zillow →

19853 NW 64th Pl

Hialeah, 33015 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,425
Listed2026-07-09
Days on market

Asking rent: $3,900

View on Zillow →

17242 NW 73rd Ave

Hialeah, 33015 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage936
Listed
Days on market

Asking rent: $2,900

View on Zillow →

7821 NW 194th St # 0

Hialeah, 33015 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,147
Listed
Days on market

Asking rent: $4,500

View on Zillow →

19112 W Lake Dr

Hialeah, 33015 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,854
Listed
Days on market

Asking rent: $3,500

View on Zillow →

7542 NW 175th St # 7542

Hialeah, 33015 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,245
Listed
Days on market

Asking rent: $2,800

View on Zillow →

7640 NW 182nd Ter Unit 108

Hialeah, 33015 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,450
Listed
Days on market

Asking rent: $3,199

View on Zillow →

17908 NW 68th Ave

Hialeah, 33015 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,500
Listed
Days on market

Asking rent: $2,900

View on Zillow →

6995 NW 173rd Dr Apt 2105

Hialeah, 33015 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,520
Listed
Days on market

Asking rent: $3,200

View on Zillow →

17045 NW 87th Ave

Hialeah, 33015 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,697
Listed
Days on market

Asking rent: $3,600

View on Zillow →

6657 NW 174th Ter

Hialeah, 33015 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,832
Listed2026-08-31
Days on market

Asking rent: $4,290

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
8461 NW 189th Street Rdsingle_family322,034$560,0002026-09-22
8165 NW 187th Tersingle_family321,327$600,0002026-08-28
19391 NW 57th Ctsingle_family321,523$634,0002026-08-27
6320 NW 173rd Stsingle_family332,023$585,0002026-08-27
5850190630single_family321,508$515,0002026-08-14
6795 NW 199th Tersingle_family321,348$512,0002026-08-13
19059 NW 77th Plsingle_family321,445$600,0002026-08-10
7963 NW 195th Tersingle_family321,772$650,0002026-08-06
6572 NW 197th Lnsingle_family321,365$461,0002026-08-05
18198 NW 61st Ctsingle_family321,866$670,0002026-07-30
19926 NW 67th Plsingle_family321,365$520,0002026-07-28
17921 NW 81st Avesingle_family321,264$580,0002026-07-15
17501 NW 85th Avesingle_family322,616$1,050,0002026-07-09
7868 NW 194th Stsingle_family321,479$650,0002026-07-02
7971 NW 179th Stsingle_family321,341$645,0002026-07-01
17523 NW 66th Ctsingle_family321,612$500,0002026-07-01
20009 NW 80th Avesingle_family321,371$640,0002026-06-30
20013 NW 62nd Pl # Lsingle_family321,465$585,0002026-06-22
8448 NW 196th Tersingle_family331,644$546,3502026-06-15
8370 NW 185th Stsingle_family32$710,0002026-06-15
19011 NW 79th Ctsingle_family321,884$645,0002026-06-15
8241 NW 182nd Stsingle_family341,149$800,0002026-06-11
20013 NW 62nd Plsingle_family321,465$585,0002026-06-11
17887 NW 78th Plsingle_family324,258$845,0002026-06-09
5730 NW 199th Stsingle_family321,254$635,0002026-06-04
16834 NW 70th Avesingle_family321,382$599,9952026-06-01
6136 NW 181st Terrace Cir Wsingle_family321,110$535,0002026-05-29
19922 NW 67th Plsingle_family321,348$455,0002026-05-29
16810 NW 72nd Ctsingle_family311,199$310,0002026-05-28
8310 NW 172nd Stsingle_family321,194$630,0002026-05-27
7972 NW 198th Stsingle_family321,769$615,0002026-05-26
7970 NW 176th Stsingle_family321,200$615,0002026-05-22
7875 NW 174th Tersingle_family332,033$852,0002026-05-19
7810 NW 174th Tersingle_family321,404$690,0002026-05-15
7952 NW 198th Stsingle_family321,769$634,0002026-05-14
19030 NW 86th Ctsingle_family321,309$451,5002026-05-12
20166 W Oakmont Cirsingle_family321,686$585,0002026-05-08
8070 NW 176th Stsingle_family311,201$560,0002026-05-08
6830 Winged Foot Drsingle_family332,579$1,220,0002026-05-06
20103 NW 57th Plsingle_family321,660$640,0002026-05-05
6646 NW 175th Tersingle_family321,612$470,0002026-05-01
19907 NW 67th Ctsingle_family331,425$536,0002026-04-29
7999 NW 181st Stsingle_family321,284$725,0002026-04-28
7730 NW 201st Tersingle_family321,592$605,0002026-04-23
7831 NW 175th Stsingle_family321,786$750,0002026-04-21
7457 NW 168th Stsingle_family321,366$448,0002026-04-14
8253 NW 192nd Tersingle_family321,660$587,0002026-04-09
6080 NW 199th Stsingle_family331,233$610,0002026-04-07
8530 NW 178th Stsingle_family321,606$749,9902026-04-01
18858 NW 63rd Court Cirsingle_family321,425$540,0002026-04-01

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
6795 Brookline Dr Unit 6795condos333,504$645,000
6061 NW 198th Tersingle_family331,540$645,000
19331 NW 57th Ctsingle_family321,371$720,000
17831 NW 84th Ctsingle_family321,719$1,050,000
6821 Brookline Dr Unit 6821condos332,180$439,000
8601 NW 192nd Tersingle_family321,353$599,900
8126 NW 199th Tersingle_family331,648$665,000
8165 NW 187th Tersingle_family321,327$610,000

10-year hold projection

IRR2.4%
Equity multiple1.38x
Total return (10yr)$118,654
YearProperty valueNOICash flowLoan balanceEquity
1$540,750$19,005-$15,483$415,446$125,304
2$556,973$19,673-$14,868$410,580$146,393
3$573,682$20,364-$14,231$405,379$168,302
4$590,892$21,078-$13,572$399,822$191,071
5$608,619$21,816-$12,890$393,882$214,737
6$626,877$22,579-$12,185$387,535$239,342
7$645,684$23,368-$11,456$380,752$264,932
8$665,054$24,182-$10,702$373,503$291,551
9$685,006$25,025-$9,922$365,756$319,250
10$705,556$25,895-$9,116$357,478$348,078
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.