1800 NE 114th St Apt 401
Miami, FL 33181 · condos · For Sale · 150 days on market
Asking price$320,000
3 beds 3 baths 1,950 sqft
Listed by Eduardo Palau · Yaffe International Realty
Typecondos
Built1975
Price / sqft$164
Est. value (own analysis)$457,862
Rent estimate (own analysis)$5,113/mo
HOA$3,100/mo
Wind10/10Extreme$Heat10/10ExtremeFlood9/10extreme$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-04-05
Removed date—
MLSMiamiMLS #A11995100
Coordinates25.88102, -80.16217
Address1800 NE 114th St Apt 401
CityMiami
StateFL
Zip33181
Listing ID6248440385
Sourceus-real-estate-listings, cached 2026-09-02
ZIP market snapshot (33181)
Typical home value (ZHVI)$321,152
Typical rent (ZORI)$2,429/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 | $320,000 |
| Down payment (20.0%) | $64,000 |
| Loan amount | $256,000 |
| Closing costs (5.0%) | $16,000 |
| Total cash to close | $80,000 |
| Income | |
| Rent (comp-derived) | $5,113$61,356 |
| Vacancy loss (8.0%) | |
| Effective gross income | $4,704$56,448 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $507$6,080 |
| Insurance (est. scaled by flood & wind risk) | $469$5,632 |
| HOA dues | $3,100$37,200 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $256$3,068 |
| Total operating expenses | $4,332$51,980 |
| 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) | $256$3,068 |
| 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 |
|---|---|---|---|---|---|---|---|
| condos | 3 | 3 | 1,801 | $3,500 | 2026-08-28 | — | |
| condos | 3 | 3 | 1,801 | $3,850 | 2026-08-26 | — | |
| condos | 3 | 3 | 1,886 | $3,700 | 2026-06-08 | — | |
| condos | 3 | 3 | 1,886 | $3,850 | 2026-08-19 | — | |
| condos | 3 | 2 | 1,493 | $5,420 | 2026-04-07 | — | |
| condos | 3 | 3 | 1,801 | $3,500 | 2026-06-29 | — | |
| condos | 3 | 3 | 1,801 | $3,975 | 2026-07-27 | — | |
| condos | 3 | 4 | 2,048 | $4,095 | 2026-06-17 | — | |
| condos | 3 | 4 | 2,048 | $4,800 | 2026-08-05 | — | |
| apartment | 3 | 3 | 1,886 | $3,950 | 2026-07-13 | — | |
| apartment | 3 | 4 | 1,967 | $3,999 | 2026-07-16 | — | |
| condos | 3 | 3 | 1,801 | $4,000 | 2026-06-25 | — | |
| condos | 3 | 3 | 1,801 | $4,200 | 2026-05-16 | — | |
| condos | 3 | 3 | 1,801 | $4,000 | — | — | |
| apartment | 3 | 3 | 1,498 | $4,926 | — | — | |
| condos | 3 | 3 | 1,801 | $3,975 | — | — | |
| apartment | 3 | 3 | 1,596 | $5,086 | — | — | |
| apartment | 3 | 2 | 1,493 | $5,078 | — | — | |
| apartment | 3 | 2 | 1,493 | $5,078 | — | — | |
| apartment | 3 | 2 | 1,493 | $5,263 | — | — | |
| apartment | 3 | 2 | 1,493 | $5,293 | — | — | |
| apartment | 3 | 2 | 1,493 | $5,283 | — | — | |
| apartment | 3 | 2 | 1,493 | $5,273 | — | — | |
| apartment | 3 | 2 | 1,493 | $5,283 | — | — | |
| apartment | 3 | 2 | 1,493 | $5,283 | — | — | |
| apartment | 3 | 2 | 1,493 | $5,113 | — | — | |
| apartment | 3 | 2 | 1,493 | $5,113 | — | — | |
| apartment | 3 | 2 | 1,493 | $5,263 | — | — | |
| apartment | 3 | 2 | 1,424 | $5,229 | — | — | |
| apartment | 3 | 2 | 1,493 | $5,283 | — | — | |
| apartment | 3 | 2 | 1,493 | $5,273 | — | — | |
| apartment | 3 | 2 | 1,493 | $5,273 | — | — | |
| apartment | 3 | 3 | 1,596 | $5,394 | — | — | |
| apartment | 3 | 2 | 1,424 | $5,364 | — | — | |
| apartment | 3 | 2 | 1,424 | $5,374 | — | — | |
| apartment | 3 | 2 | 1,493 | $5,303 | — | — | |
| apartment | 3 | 2 | 1,493 | $5,438 | — | — | |
| apartment | 3 | 2 | 1,424 | $5,444 | — | — | |
| apartment | 3 | 2 | 1,493 | $5,338 | — | — |
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 |
|---|---|---|---|---|---|---|
| 11111 Biscayne Blvd Unit 7F | condos | 3 | 4 | 2,791 | $330,000 | 2026-07-02 |
| 11113 Biscayne Blvd Unit 1757 | condos | 3 | 3 | 2,749 | $730,000 | 2026-04-29 |
| 14951 Royal Oaks Ln Apt 2506 | condos | 3 | 3 | 1,801 | $425,000 | 2026-04-02 |
| 11113 Biscayne Blvd Unit 757 | condos | 3 | 3 | 2,749 | $680,000 | 2026-03-31 |
| 14951 Royal Oaks Ln Apt 401 | condos | 3 | 4 | 2,048 | $400,000 | 2026-03-23 |
| 14951 Royal Oaks Ln Apt 2206 | condos | 3 | 3 | 1,801 | $370,000 | 2026-03-20 |
| 14951 Royal Oaks Ln Apt 2009 | condos | 3 | 4 | 2,385 | $560,000 | 2025-12-09 |
| 1800 NE 114th St Apt 503 | condos | 3 | 3 | 2,320 | $535,000 | 2025-10-31 |
| 15051 Royal Oaks Ln Apt 1703 | condos | 3 | 3 | 1,801 | $425,000 | 2025-09-12 |
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 |
|---|---|---|---|---|---|---|
| 2411 Laguna Cir Unit 306 | condos | 3 | 3 | 1,569 | $1,798,000 | — |
| 1800 NE 114th St Apt 508 | condos | 3 | 3 | 1,950 | $290,000 | — |
| 2411 Laguna Cir Unit 701 | condos | 3 | 4 | 2,131 | $2,572,100 | — |
| 11111 Biscayne 2-4c or 427 Blvd Unit Tower | condos | 3 | 3 | 1,674 | $405,000 | — |
| 11113 Biscayne Blvd Unit 558 | condos | 3 | 3 | 2,749 | $899,000 | — |
| 1800 NE 114th St Apt 909 | condos | 3 | 3 | 2,320 | $450,000 | — |
| 13501 NE 23rd Ct | townhomes | 3 | 2 | 1,640 | $330,000 | — |
| 2025 Arch Creek Dr | single_family | 3 | 2 | 2,121 | $2,550,000 | — |
10-year hold projection
IRR-4.5%
Equity multiple0.24x
Total return (10yr)-$18,865
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $329,600 | $4,468 | -$18,342 | $253,224 | $76,376 |
| 2 | $339,488 | $4,862 | -$18,024 | $250,258 | $89,230 |
| 3 | $349,673 | $5,274 | -$17,691 | $247,088 | $102,584 |
| 4 | $360,163 | $5,705 | -$17,340 | $243,701 | $116,462 |
| 5 | $370,968 | $6,156 | -$16,972 | $240,081 | $130,887 |
| 6 | $382,097 | $6,628 | -$16,585 | $236,212 | $145,885 |
| 7 | $393,560 | $7,121 | -$16,178 | $232,078 | $161,482 |
| 8 | $405,366 | $7,636 | -$15,752 | $227,659 | $177,707 |
| 9 | $417,527 | $8,174 | -$15,306 | $222,938 | $194,590 |
| 10 | $430,053 | $8,736 | -$14,837 | $217,892 | $212,162 |
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.