163 NW 18th Ct
Miami, FL 33125 · multi_family · For Sale · 397 days on market
Asking price$675,000
6 beds 3 baths 2,561 sqft
Listed by Nelly David, P.A. · BHHS EWM Realty
Typemulti_family
Built1953
Price / sqft$264
Est. value (own analysis)$776,623
Rent estimate (building total, own analysis)$7,324/mo
HOANone
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Statusfor_sale
Listed date2025-08-01
Removed date—
MLSMiamiMLS #A11850559
Coordinates25.77566, -80.22615
Address163 NW 18th Ct
CityMiami
StateFL
Zip33125
Listing ID6985356208
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33125)
Typical home value (ZHVI)$466,681
Typical rent (ZORI)$2,360/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 | $675,000 |
| Down payment (20.0%) | $135,000 |
| Loan amount | $540,000 |
| Closing costs (5.0%) | $33,750 |
| Total cash to close | $168,750 |
| Income | |
| Rent (estimate) | $7,324$87,894 |
| Vacancy loss (8.0%) | |
| Effective gross income | $6,739$80,862 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,069$12,825 |
| Insurance (placeholder 0.8% of price) | $450$5,400 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $366$4,395 |
| Total operating expenses | $1,885$22,620 |
| 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) | $366$4,395 |
| 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.
No active rental listings cached yet for this bedroom count.
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 |
|---|---|---|---|---|---|---|
| 119 NW 17th Pl | multi_family | 6 | 4 | 2,248 | $900,000 | 2026-07-31 |
| 1953 NW 3rd St | multi_family | 6 | 4 | 2,886 | $850,000 | 2026-07-15 |
| 1810 NW 3rd St | multi_family | 6 | 4 | 2,034 | $799,000 | 2026-07-09 |
| 1001 NW 36th Ave | multi_family | 6 | 6 | 2,688 | $967,200 | 2026-04-24 |
| 1971 NW 24th Ct | multi_family | 6 | 2 | 2,404 | $750,000 | 2025-12-22 |
| 3281 NW 14th Ter | multi_family | 6 | 3 | 2,473 | $715,000 | 2025-11-17 |
| 1053 NW 34th Ave | multi_family | 6 | 2 | 2,869 | $800,000 | 2025-10-28 |
| 1644 NW 19th Ter | multi_family | 6 | 3 | 2,442 | $717,000 | 2025-10-10 |
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 |
|---|---|---|---|---|---|---|
| 2231 NW 4th Ter | single_family | 6 | 4 | 2,128 | $749,000 | — |
| 3321 NW 19th Ter | multi_family | 6 | 4 | 2,244 | $1,180,000 | — |
| 901 NW 22nd Ct | multi_family | 6 | 4 | 2,500 | $995,000 | — |
| 1237 NW 33rd Ave | multi_family | 6 | 3 | 2,060 | $795,000 | — |
| 821 NW 36th Ave | multi_family | 6 | 3 | 2,404 | $1,040,500 | — |
| 3061 NW 14th St | multi_family | 6 | 4 | 3,158 | $890,000 | — |
| 1680 NW 22nd Ct | multi_family | 6 | 5 | 3,264 | $1,100,000 | — |
| 2262 NW 4th St | single_family | 6 | 4 | 2,802 | $666,990 | — |
10-year hold projection
IRR16.9%
Equity multiple3.56x
Total return (10yr)$520,449
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $695,250 | $58,242 | $12,205 | $534,145 | $161,105 |
| 2 | $716,108 | $60,103 | $13,956 | $527,888 | $188,219 |
| 3 | $737,591 | $62,022 | $15,762 | $521,202 | $216,389 |
| 4 | $759,718 | $64,001 | $17,626 | $514,056 | $245,663 |
| 5 | $782,510 | $66,043 | $19,550 | $506,419 | $276,091 |
| 6 | $805,985 | $68,149 | $21,535 | $498,259 | $307,727 |
| 7 | $830,165 | $70,322 | $23,583 | $489,537 | $340,628 |
| 8 | $855,070 | $72,562 | $25,696 | $480,217 | $374,853 |
| 9 | $880,722 | $74,874 | $27,877 | $470,257 | $410,465 |
| 10 | $907,144 | $77,258 | $30,127 | $459,613 | $447,531 |
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.