19080 NE 3rd Ct Apt 307

Miami, FL 33179 · condos · For Sale · 407 days on market
Asking price$89,000
0 beds 1 baths 407 sqft
Suggested offer$65,792$23,208 above the est. market value of $65,792.
View on Realtor.com →
Listed by Ana Lagomarsino · Pixan Realty LLC
Typecondos
Built1968
Price / sqft$219
Est. value (own analysis)$65,792
Rent estimate (own analysis)$1,325/mo
HOA$273/mo
Wind10/10Extreme$Heat10/10ExtremeFlood6/10major$Air2/10MinorWildfire1/10Minimal
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Neighborhood

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Statusfor_sale
Listed date2025-07-22
Removed date
MLSMiamiMLS #A11844993
Coordinates25.94985, -80.19456
Address19080 NE 3rd Ct Apt 307
CityMiami
StateFL
Zip33179
Listing ID5716184960
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$89,000
Down payment (20.0%)$17,800
Loan amount$71,200
Closing costs (5.0%)$4,450
Total cash to close$22,250
Rent (comp-derived)$1,325$15,900
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$15,900
Vacancy rate (assumption) assumption8.0%

$15,900 × 8.0% = $1,272

Effective gross income$1,219$14,628
Property tax (placeholder 1.9% of price)$141$1,691
Insurance (est. scaled by flood & wind risk)$104$1,246
HOA dues$273$3,276
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$66$795
Total operating expenses$584$7,008
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$14,628
Total operating expenses derived$7,008

$14,628 − $7,008 = $7,620

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$71,200
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$71,200 amortized at 6.7% over 30 years = $458/mo

CapEx reserve (5.0% of GSR)$66$795
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$7,620
Annual debt service derived$5,491
Annual CapEx reserve assumption$795
Annual PMI assumption$0

($7,620 − $5,491 − $795 − $0) ÷ 12 = $111

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$7,620
Purchase price data$89,000

$7,620 ÷ $89,000 = 8.6%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived$1,334
Total cash to close derived$22,250

$1,334 ÷ $22,250 = 6.0%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$7,620
Annual debt service derived$5,491

$7,620 ÷ $5,491 = 1.39

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$15,900
Purchase price data$89,000

($15,900 ÷ 12) ÷ $89,000 = 1.5%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$89,000
Gross scheduled rent (annual) comp$15,900

$89,000 ÷ $15,900 = 5.6

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$7,008
Effective gross income derived$14,628

$7,008 ÷ $14,628 = 47.9%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$7,008
Annual debt service derived$5,491
Annual PMI assumption$0
Gross scheduled rent (annual) comp$15,900

($7,008 + $5,491 + $0) ÷ $15,900 = 78.6%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
apartment01407$1,2002026-07-18
condos01410$1,2502026-05-15
condos01407$1,3502026-05-07
condos01407$1,3002026-05-06
apartment01406$1,4952026-07-30
condos01407$8202022-05-02
apartment01400$1,447
apartment01406$1,550

18801 NE 2nd Ave Apt 1005

Miami, 33179 · rent comp

Bedrooms / bathrooms0 bd / 1 ba
Square footage407
Listed2026-07-18
Days on market

Asking rent: $1,200

View on Zillow →

18801 NE 2nd Ave Apt 1006

Miami, 33179 · rent comp

Bedrooms / bathrooms0 bd / 1 ba
Square footage410
Listed2026-05-15
Days on market

Asking rent: $1,250

View on Zillow →

18707 NE 2nd Ave Apt 918

Miami, 33179 · rent comp

Bedrooms / bathrooms0 bd / 1 ba
Square footage407
Listed2026-05-07
Days on market

Asking rent: $1,350

View on Zillow →

19080 NE 3rd Ct Apt 314

Miami, 33179 · rent comp

Bedrooms / bathrooms0 bd / 1 ba
Square footage407
Listed2026-05-06
Days on market

Asking rent: $1,300

View on Zillow →

10 NE 188th St

Miami, 33179 · rent comp

Bedrooms / bathrooms0 bd / 1 ba
Square footage406
Listed2026-07-30
Days on market

Asking rent: $1,495

View on Zillow →

18801 NE 2nd Ave Apt 1014

Miami, 33179 · rent comp

Bedrooms / bathrooms0 bd / 1 ba
Square footage407
Listed2022-05-02
Days on market

Asking rent: $820

View on Zillow →

1572 NE 191st St # 1572-344

Miami, 33179 · rent comp

Bedrooms / bathrooms0 bd / 1 ba
Square footage400
Listed
Days on market

Asking rent: $1,447

View on Zillow →

12 NE 188th St # 47

Miami, 33179 · rent comp

Bedrooms / bathrooms0 bd / 1 ba
Square footage406
Listed
Days on market

Asking rent: $1,550

View on Zillow →

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
337 Ives Dairy Rd Apt 12condos221,715$280,0002026-09-01
1540 NE 191st St Apt 140condos12954$135,0002026-08-31
175 NE 203rd Ter Apt 28condos11692$93,0002026-08-31
819 NE 199th St Unit 6-205condos22870$189,0002026-08-28
19051 NE 2nd Ave Apt 1514condos11850$60,0002026-08-28
1301 NE 191st St Unit F103condos12898$175,0002026-08-28
18555 NE 14th Ave Unit 502Bcondos221,146$150,0002026-08-26
1750 NE 191st St Unit 522-3condos221,036$190,0002026-08-24
1200 NE Miami Gardens Dr Unit 605Wcondos11825$165,0002026-08-24
831 NE 199th St Unit 101-34condos22835$185,0002026-08-21
927 NE 199th St Apt 103condos22907$206,0002026-08-20
1700 NE 191st St Apt 202condos11686$105,0002026-08-17
1201 NE 191st St Unit G304condos221,789$215,0002026-08-13
20311 NE 2nd Ave Apt 21condos11692$90,0002026-08-13
1200 NE Miami Gardens Dr Unit 606Wcondos221,283$220,0002026-08-13
18900 NE 14th Ave Unit D106condos11825$100,0002026-08-11
1690 NE 191st St Unit 408-1condos221,315$220,0002026-08-10
481 Ives Dairy Rd Unit 303-4condos221,287$190,0002026-08-10
900 NE 195th St Apt 215condos221,080$199,9002026-08-07
1301 NE Miami Gardens Dr Apt 1424Wcondos12861$150,0002026-08-07
907 NE 199th St Apt 106condos22907$185,0002026-08-05
907 NE 199th St Apt 101condos221,070$160,0002026-07-31
70 NE 202nd Ter Apt T14condos11660$50,0002026-07-31
20850 San Simeon Way Unit 408-5condos121,100$180,0002026-07-29
20140 NE 3rd Ct Apt 1condos22978$179,0002026-07-29
18900 NE 3rd Ct Apt 509condos21850$125,0002026-07-29
950 NE 199th St Unit 2Hcondos221,192$135,0002026-07-27
1351 NE Miami Gardens Dr Apt 1605Econdos221,140$155,0002026-07-24
19001 NE 14th Ave Apt 107condos12954$125,0002026-07-24
20025 NE 3rd Ct Apt 8condos22978$204,9002026-07-24
115 NE 202nd Ter Unit M19condos221,012$149,0002026-07-21
5488338328condos21870$180,0002026-07-17
1700 NE 191st St Apt 105condos221,036$150,0002026-07-17
20311 NE 2nd Ave Apt 27condos11692$90,0002026-07-16
900 NE 195th St Apt 414condos221,220$160,0002026-07-15
1301 NE Miami Gardens Dr Apt 1124Wcondos12861$154,0002026-07-13
903 NE 199th St Apt 104condos22907$250,0002026-07-13
18740 NE 18th Ave Apt 142condos11660$176,0002026-07-09
1101 NE 191st St Apt 307condos221,156$185,0002026-07-09
671 NE 195 St Unit 122Econdos12952$134,0002026-07-08
1770 NE 191st St Unit 411-1condos221,315$174,0002026-07-07
1750 NE 191st St Apt 811condos221,317$150,0002026-07-06
871 NE 207th Ln Unit 203-15condos22970$200,0002026-07-06
927 NE 199th St Apt 104condos22907$184,0002026-07-02
165 NE 203rd Ter Apt 30condos11691$79,0002026-07-02
605 Ives Dairy Rd Unit 305-7condos221,428$308,0002026-07-01
1540 NE 191st St Apt 321condos12954$140,0002026-06-29
871 NE 207th Ter Apt 102condos22970$190,0002026-06-25
20120 NE 3rd Ct Apt 8condos22978$209,5002026-06-24
468 NE 206th Ln Apt 102condos321,065$259,9002026-06-18

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
19080 NE 3rd Ct Apt 317condos01407$115,000
19080 NE 3rd Ct Apt 312condos01427$85,000
19080 NE 3rd Ct Apt 318condos01407$100,000

10-year hold projection

IRR16.1%
Equity multiple3.47x
Total return (10yr)$66,575
YearProperty valueNOICash flowLoan balanceEquity
1$91,670$7,620$1,334$70,428$21,242
2$94,420$7,884$1,578$69,603$24,817
3$97,253$8,156$1,830$68,721$28,531
4$100,170$8,438$2,091$67,779$32,391
5$103,175$8,728$2,360$66,772$36,403
6$106,271$9,029$2,639$65,696$40,574
7$109,459$9,339$2,927$64,546$44,912
8$112,743$9,660$3,225$63,318$49,425
9$116,125$9,992$3,533$62,004$54,120
10$119,609$10,334$3,851$60,601$59,008
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.