← Back to results

1800 NE 114th St Apt 909

Miami, FL 33181 · condos · For Sale · 219 days on market
Asking price$450,000
3 beds 3 baths 2,320 sqft
View on Realtor.com →
Listed by Mario Restrepo · Cervera Real Estate Inc.
Typecondos
Built1975
Price / sqft$194
Est. value (own analysis)$544,738
Rent estimate (own analysis)$3,987/mo
HOA$2,545/mo
Wind10/10Extreme$Heat10/10ExtremeFlood9/10extreme$Air2/10MinorWildfire1/10Minimal
Photo 1 of 1800 NE 114th St Apt 909Photo 2 of 1800 NE 114th St Apt 909Photo 3 of 1800 NE 114th St Apt 909Photo 4 of 1800 NE 114th St Apt 909Photo 5 of 1800 NE 114th St Apt 909Photo 6 of 1800 NE 114th St Apt 909Photo 7 of 1800 NE 114th St Apt 909Photo 8 of 1800 NE 114th St Apt 909Photo 9 of 1800 NE 114th St Apt 909Photo 10 of 1800 NE 114th St Apt 909Photo 11 of 1800 NE 114th St Apt 909Photo 12 of 1800 NE 114th St Apt 909Photo 13 of 1800 NE 114th St Apt 909Photo 14 of 1800 NE 114th St Apt 909Photo 15 of 1800 NE 114th St Apt 909Photo 16 of 1800 NE 114th St Apt 909Photo 17 of 1800 NE 114th St Apt 909Photo 18 of 1800 NE 114th St Apt 909Photo 19 of 1800 NE 114th St Apt 909Photo 20 of 1800 NE 114th St Apt 909Photo 21 of 1800 NE 114th St Apt 909Photo 22 of 1800 NE 114th St Apt 909Photo 23 of 1800 NE 114th St Apt 909Photo 24 of 1800 NE 114th St Apt 909Photo 25 of 1800 NE 114th St Apt 909Photo 26 of 1800 NE 114th St Apt 909Photo 27 of 1800 NE 114th St Apt 909Photo 28 of 1800 NE 114th St Apt 909Photo 29 of 1800 NE 114th St Apt 909Photo 30 of 1800 NE 114th St Apt 909Photo 31 of 1800 NE 114th St Apt 909Photo 32 of 1800 NE 114th St Apt 909Photo 33 of 1800 NE 114th St Apt 909Photo 34 of 1800 NE 114th St Apt 909Photo 35 of 1800 NE 114th St Apt 909Photo 36 of 1800 NE 114th St Apt 909Photo 37 of 1800 NE 114th St Apt 909Photo 38 of 1800 NE 114th St Apt 909Photo 39 of 1800 NE 114th St Apt 909Photo 40 of 1800 NE 114th St Apt 909Photo 41 of 1800 NE 114th St Apt 909Photo 42 of 1800 NE 114th St Apt 909Photo 43 of 1800 NE 114th St Apt 909Photo 44 of 1800 NE 114th St Apt 909Photo 45 of 1800 NE 114th St Apt 909Photo 46 of 1800 NE 114th St Apt 909Photo 47 of 1800 NE 114th St Apt 909Photo 48 of 1800 NE 114th St Apt 909Photo 49 of 1800 NE 114th St Apt 909Photo 50 of 1800 NE 114th St Apt 909Photo 51 of 1800 NE 114th St Apt 909Photo 52 of 1800 NE 114th St Apt 909Photo 53 of 1800 NE 114th St Apt 909Photo 54 of 1800 NE 114th St Apt 909Photo 55 of 1800 NE 114th St Apt 909Photo 56 of 1800 NE 114th St Apt 909Photo 57 of 1800 NE 114th St Apt 909Photo 58 of 1800 NE 114th St Apt 909Photo 59 of 1800 NE 114th St Apt 909Photo 60 of 1800 NE 114th St Apt 909Photo 61 of 1800 NE 114th St Apt 909Photo 62 of 1800 NE 114th St Apt 909Photo 63 of 1800 NE 114th St Apt 909Photo 64 of 1800 NE 114th St Apt 909Photo 65 of 1800 NE 114th St Apt 909Photo 66 of 1800 NE 114th St Apt 909Photo 67 of 1800 NE 114th St Apt 909Photo 68 of 1800 NE 114th St Apt 909Photo 69 of 1800 NE 114th St Apt 909Photo 70 of 1800 NE 114th St Apt 909Photo 71 of 1800 NE 114th St Apt 909Photo 72 of 1800 NE 114th St Apt 909Photo 73 of 1800 NE 114th St Apt 909Photo 74 of 1800 NE 114th St Apt 909Photo 75 of 1800 NE 114th St Apt 909Photo 76 of 1800 NE 114th St Apt 909Photo 77 of 1800 NE 114th St Apt 909Photo 78 of 1800 NE 114th St Apt 909Photo 79 of 1800 NE 114th St Apt 909Photo 80 of 1800 NE 114th St Apt 909Photo 81 of 1800 NE 114th St Apt 909
1 / 81
Photo 1 of 1800 NE 114th St Apt 909Photo 2 of 1800 NE 114th St Apt 909Photo 3 of 1800 NE 114th St Apt 909Photo 4 of 1800 NE 114th St Apt 909Photo 5 of 1800 NE 114th St Apt 909Photo 6 of 1800 NE 114th St Apt 909Photo 7 of 1800 NE 114th St Apt 909Photo 8 of 1800 NE 114th St Apt 909Photo 9 of 1800 NE 114th St Apt 909Photo 10 of 1800 NE 114th St Apt 909Photo 11 of 1800 NE 114th St Apt 909Photo 12 of 1800 NE 114th St Apt 909Photo 13 of 1800 NE 114th St Apt 909Photo 14 of 1800 NE 114th St Apt 909Photo 15 of 1800 NE 114th St Apt 909Photo 16 of 1800 NE 114th St Apt 909Photo 17 of 1800 NE 114th St Apt 909Photo 18 of 1800 NE 114th St Apt 909Photo 19 of 1800 NE 114th St Apt 909Photo 20 of 1800 NE 114th St Apt 909Photo 21 of 1800 NE 114th St Apt 909Photo 22 of 1800 NE 114th St Apt 909Photo 23 of 1800 NE 114th St Apt 909Photo 24 of 1800 NE 114th St Apt 909Photo 25 of 1800 NE 114th St Apt 909Photo 26 of 1800 NE 114th St Apt 909Photo 27 of 1800 NE 114th St Apt 909Photo 28 of 1800 NE 114th St Apt 909Photo 29 of 1800 NE 114th St Apt 909Photo 30 of 1800 NE 114th St Apt 909Photo 31 of 1800 NE 114th St Apt 909Photo 32 of 1800 NE 114th St Apt 909Photo 33 of 1800 NE 114th St Apt 909Photo 34 of 1800 NE 114th St Apt 909Photo 35 of 1800 NE 114th St Apt 909Photo 36 of 1800 NE 114th St Apt 909Photo 37 of 1800 NE 114th St Apt 909Photo 38 of 1800 NE 114th St Apt 909Photo 39 of 1800 NE 114th St Apt 909Photo 40 of 1800 NE 114th St Apt 909Photo 41 of 1800 NE 114th St Apt 909Photo 42 of 1800 NE 114th St Apt 909Photo 43 of 1800 NE 114th St Apt 909Photo 44 of 1800 NE 114th St Apt 909Photo 45 of 1800 NE 114th St Apt 909Photo 46 of 1800 NE 114th St Apt 909Photo 47 of 1800 NE 114th St Apt 909Photo 48 of 1800 NE 114th St Apt 909Photo 49 of 1800 NE 114th St Apt 909Photo 50 of 1800 NE 114th St Apt 909Photo 51 of 1800 NE 114th St Apt 909Photo 52 of 1800 NE 114th St Apt 909Photo 53 of 1800 NE 114th St Apt 909Photo 54 of 1800 NE 114th St Apt 909Photo 55 of 1800 NE 114th St Apt 909Photo 56 of 1800 NE 114th St Apt 909Photo 57 of 1800 NE 114th St Apt 909Photo 58 of 1800 NE 114th St Apt 909Photo 59 of 1800 NE 114th St Apt 909Photo 60 of 1800 NE 114th St Apt 909Photo 61 of 1800 NE 114th St Apt 909Photo 62 of 1800 NE 114th St Apt 909Photo 63 of 1800 NE 114th St Apt 909Photo 64 of 1800 NE 114th St Apt 909Photo 65 of 1800 NE 114th St Apt 909Photo 66 of 1800 NE 114th St Apt 909Photo 67 of 1800 NE 114th St Apt 909Photo 68 of 1800 NE 114th St Apt 909Photo 69 of 1800 NE 114th St Apt 909Photo 70 of 1800 NE 114th St Apt 909Photo 71 of 1800 NE 114th St Apt 909Photo 72 of 1800 NE 114th St Apt 909Photo 73 of 1800 NE 114th St Apt 909Photo 74 of 1800 NE 114th St Apt 909Photo 75 of 1800 NE 114th St Apt 909Photo 76 of 1800 NE 114th St Apt 909Photo 77 of 1800 NE 114th St Apt 909Photo 78 of 1800 NE 114th St Apt 909Photo 79 of 1800 NE 114th St Apt 909Photo 80 of 1800 NE 114th St Apt 909Photo 81 of 1800 NE 114th St Apt 909
1 / 81
Street view
View full map & nearby schools →

Neighborhood

Show every detail
Statusfor_sale
Listed date2026-01-26
Removed date—
MLSMiamiMLS #A11952676
Coordinates25.88102, -80.16217
Address1800 NE 114th St Apt 909
CityMiami
StateFL
Zip33181
Listing ID6251086267
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$450,000
Down payment (20.0%)$90,000
Loan amount$360,000
Closing costs (5.0%)$22,500
Total cash to close$112,500
Income
Rent (comp-derived)$3,987$47,844
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$47,844
Vacancy rate (assumption) assumption8.0%

$47,844 × 8.0% = $3,828

Effective gross income$3,668$44,016
Operating expenses
Property tax (placeholder 1.9% of price)$713$8,550
Insurance (est. scaled by flood & wind risk)$660$7,920
HOA dues$2,545$30,540
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$199$2,392
Total operating expenses$4,117$49,402
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$44,016
Total operating expenses derived$49,402

$44,016 − $49,402 = -$5,386

Debt service & reserves
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$360,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$360,000 amortized at 6.7% over 30 years = $2,313/mo

CapEx reserve (5.0% of GSR)$199$2,392
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-$5,386
Annual debt service derived$27,762
Annual CapEx reserve assumption$2,392
Annual PMI assumption$0

(-$5,386 − $27,762 − $2,392 − $0) ÷ 12 = -$2,962

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived-$5,386
Purchase price data$450,000

-$5,386 ÷ $450,000 = -1.2%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$35,539
Total cash to close derived$112,500

-$35,539 ÷ $112,500 = -31.6%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived-$5,386
Annual debt service derived$27,762

-$5,386 ÷ $27,762 = -0.19

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$47,844
Purchase price data$450,000

($47,844 ÷ 12) ÷ $450,000 = 0.9%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$450,000
Gross scheduled rent (annual) comp$47,844

$450,000 ÷ $47,844 = 9.4

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$49,402
Effective gross income derived$44,016

$49,402 ÷ $44,016 = 112.2%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$49,402
Annual debt service derived$27,762
Annual PMI assumption$0
Gross scheduled rent (annual) comp$47,844

($49,402 + $27,762 + $0) ÷ $47,844 = 161.3%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
condos331,801$3,5002026-08-28—
condos331,801$3,8502026-08-26—
condos331,886$3,7002026-06-08—
condos331,886$3,8502026-08-19—
condos331,801$3,5002026-06-29—
condos331,801$3,9752026-07-27—
condos342,048$4,0952026-06-17—
condos342,048$4,8002026-08-05—
apartment331,886$3,9502026-07-13—
apartment341,967$3,9992026-07-16—
condos331,801$4,0002026-06-25—
condos331,801$4,2002026-05-16—
condos331,801$4,000——
condos331,801$3,975——
apartment331,596$5,086——
apartment331,596$5,394——

14951 Royal Oaks Ln Apt 1006

North Miami, 33181 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,801
Listed2026-08-28
Days on market—

Asking rent: $3,500

View on Zillow →

15051 Royal Oaks Ln Apt 2403

North Miami, 33181 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,801
Listed2026-08-26
Days on market—

Asking rent: $3,850

View on Zillow →

14951 Royal Oaks Ln Apt 2002

North Miami, 33181 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,886
Listed2026-06-08
Days on market—

Asking rent: $3,700

View on Zillow →

14951 Royal Oaks Ln Apt 702

North Miami, 33181 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,886
Listed2026-08-19
Days on market—

Asking rent: $3,850

View on Zillow →

15051 Royal Oaks Ln Apt 1903

North Miami, 33181 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,801
Listed2026-06-29
Days on market—

Asking rent: $3,500

View on Zillow →

15051 Royal Oaks Ln Apt 1603

North Miami, 33181 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,801
Listed2026-07-27
Days on market—

Asking rent: $3,975

View on Zillow →

14951 Royal Oaks Ln Apt 1001

North Miami, 33181 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage2,048
Listed2026-06-17
Days on market—

Asking rent: $4,095

View on Zillow →

14951 Royal Oaks Ln Apt 1501

North Miami, 33181 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage2,048
Listed2026-08-05
Days on market—

Asking rent: $4,800

View on Zillow →

14951 Royal Oaks Ln Apt 402

North Miami, 33181 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,886
Listed2026-07-13
Days on market—

Asking rent: $3,950

View on Zillow →

14951 Royal Oaks Ln Apt 1607

North Miami, 33181 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage1,967
Listed2026-07-16
Days on market—

Asking rent: $3,999

View on Zillow →

15051 Royal Oaks Ln Apt 2603

North Miami, 33181 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,801
Listed2026-06-25
Days on market—

Asking rent: $4,000

View on Zillow →

14951 Royal Oaks Ln Apt 2606

North Miami, 33181 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,801
Listed2026-05-16
Days on market—

Asking rent: $4,200

View on Zillow →

15051 Royal Oaks Ln # CU2603

North Miami, 33181 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,801
Listed—
Days on market—

Asking rent: $4,000

View on Zillow →

15051 Royal Oaks Ln # CU1603

North Miami, 33181 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,801
Listed—
Days on market—

Asking rent: $3,975

View on Zillow →

11295 Biscayne Blvd # 05-502

Miami, 33181 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,596
Listed—
Days on market—

Asking rent: $5,086

View on Zillow →

11295 Biscayne Blvd Apt 1117

Miami, 33181 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,596
Listed—
Days on market—

Asking rent: $5,394

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
11111 Biscayne Blvd Unit 7Fcondos342,791$330,0002026-07-02
11113 Biscayne Blvd Unit 1757condos332,749$730,0002026-04-29
14951 Royal Oaks Ln Apt 2506condos331,801$425,0002026-04-02
11113 Biscayne Blvd Unit 757condos332,749$680,0002026-03-31
14951 Royal Oaks Ln Apt 401condos342,048$400,0002026-03-23
14951 Royal Oaks Ln Apt 2206condos331,801$370,0002026-03-20
14951 Royal Oaks Ln Apt 2009condos342,385$560,0002025-12-09
1800 NE 114th St Apt 503condos332,320$535,0002025-10-31
15051 Royal Oaks Ln Apt 1703condos331,801$425,0002025-09-12

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.

AddressTypeBedsBathsSqftAsking priceDays on market
2411 Laguna Cir Unit 306condos331,569$1,798,000—
1800 NE 114th St Apt 508condos331,950$290,000—
2411 Laguna Cir Unit 701condos342,131$2,572,100—
11111 Biscayne 2-4c or 427 Blvd Unit Towercondos331,674$405,000—
11113 Biscayne Blvd Unit 558condos332,749$899,000—
1800 NE 114th St Apt 401condos331,950$320,000—
13501 NE 23rd Cttownhomes321,640$330,000—
2025 Arch Creek Drsingle_family322,121$2,550,000—

10-year hold projection

IRR-10.5%
Equity multiple-0.81x
Total return (10yr)-$144,934
YearProperty valueNOICash flowLoan balanceEquity
1$463,500-$5,386-$35,539$356,097$107,403
2$477,405-$5,300-$35,514$351,925$125,480
3$491,727-$5,206-$35,481$347,468$144,259
4$506,479-$5,103-$35,440$342,704$163,775
5$521,673-$4,990-$35,392$337,613$184,060
6$537,324-$4,867-$35,335$332,172$205,151
7$553,443-$4,733-$35,269$326,358$227,085
8$570,047-$4,589-$35,194$320,145$249,902
9$587,148-$4,433-$35,109$313,505$273,643
10$604,762-$4,265-$35,014$306,408$298,354
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.