18550 NE 23rd Ct Unit 205
Miami, FL 33180 · condos · For Sale · 17 days on market
Asking price$463,950
1 beds 1 baths 465 sqft
Suggested offer$107,964$355,986 above the est. market value of $107,964.
View on Realtor.com →Listed by SAMIR DICHY · Casa Usa Brokers
Typecondos
Built2027
Price / sqft$998
Est. value (own analysis)$107,964
Rent estimate (own analysis)$1,000/mo
HOA$580/mo
Wind10/10Extreme$Heat10/10ExtremeFlood9/10extreme$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-08-16
Removed date—
MLSMiamiMLS #A12072148
Coordinates25.94694, -80.15454
Address18550 NE 23rd Ct Unit 205
CityMiami
StateFL
Zip33180
Listing ID9857589288
Sourceus-real-estate-listings, cached 2026-09-02
ZIP market snapshot (33180)
Typical home value (ZHVI)$463,036
Typical rent (ZORI)$3,210/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 | $463,950 |
| Down payment (20.0%) | $92,790 |
| Loan amount | $371,160 |
| Closing costs (5.0%) | $23,198 |
| Total cash to close | $115,988 |
| Income | |
| Rent (comp-derived) | $1,000$12,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $920$11,040 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $735$8,815 |
| Insurance (est. scaled by flood & wind risk) | $680$8,166 |
| HOA dues | $580$6,960 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $50$600 |
| Total operating expenses | $2,045$24,541 |
| 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) | $50$600 |
| 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 |
|---|---|---|---|---|---|---|---|
| apartment | 1 | 1 | 466 | $1,750 | 2026-01-02 | — | |
| apartment | 1 | 1 | 450 | $1,000 | 2026-01-21 | — | |
| apartment | 1 | 1 | 450 | $1,000 | 2025-09-30 | — |
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 |
|---|---|---|---|---|---|---|
| 19901 E Country Club Dr Unit 2103 | condos | 1 | 1 | 730 | $290,000 | 2026-08-28 |
| 20500 W Country Club Dr Apt 210 | condos | 1 | 2 | 741 | $145,000 | 2026-08-14 |
| 3029 NE 188th St Apt 1019 | condos | 1 | 2 | 816 | $380,000 | 2026-08-14 |
| 2880 NE 203rd St Unit 28B | condos | 1 | 1 | — | $200,000 | 2026-08-13 |
| 20335 W Country Club Dr Apt 2601 | condos | 1 | 2 | 1,038 | $220,000 | 2026-07-24 |
| 20379 W Country Club Dr Apt 1035 | condos | 1 | 2 | 913 | $150,000 | 2026-07-13 |
| 19195 NE 36th Ct Unit 2304 | condos | 1 | 1 | 857 | $305,000 | 2026-07-03 |
| 20400 W Country Club Dr Apt 817 | condos | 1 | 2 | 741 | $150,000 | 2026-06-30 |
| 20379 W Country Club Dr Unit 935-3 | condos | 1 | 2 | 913 | $192,500 | 2026-06-29 |
| 20301 W Country Club Dr Apt 1421 | condos | 1 | 2 | 1,038 | $200,000 | 2026-06-25 |
| 19900 E Country Club Dr Apt 1214 | condos | 1 | 1 | 900 | $350,000 | 2026-06-18 |
| 3675 N Country Club Dr Apt 1705 | condos | 1 | 2 | 755 | $232,000 | 2026-06-12 |
| 3300 NE 191st St Apt 1915 | condos | 1 | 2 | 1,104 | $275,000 | 2026-06-11 |
| 3564 Magellan Cir Unit 211-1 | condos | 1 | 2 | 926 | $215,000 | 2026-06-06 |
| 20500 W Country Club Dr Apt 716 | condos | 1 | 2 | 741 | $130,000 | 2026-06-05 |
| 20301 W Country Club Dr Apt 1425 | condos | 1 | 2 | 913 | $160,000 | 2026-06-05 |
| 3675 N Country Club Dr Apt 105 | condos | 1 | 2 | 755 | $165,800 | 2026-05-29 |
| 3001 NE 185th St Apt 638 | condos | 1 | 1 | 836 | $305,000 | 2026-05-21 |
| 19501 W Country Club Dr Apt 1202 | condos | 1 | 1 | 870 | $380,000 | 2026-05-18 |
| 20379 W Country Club Dr Apt 937 | condos | 1 | 2 | 913 | $242,500 | 2026-05-15 |
| 20301 W Country Club Dr Apt 621 | condos | 1 | 2 | 1,038 | $180,000 | 2026-05-12 |
| 20301 W Country Club Dr Ph 25 | condos | 1 | 2 | 913 | $196,000 | 2026-05-01 |
| 5594304846 | condos | 1 | 1 | 900 | $325,000 | 2026-04-24 |
| 19901 E Country Club Dr Unit 2403 | condos | 1 | 1 | 730 | $365,000 | 2026-04-23 |
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 |
|---|---|---|---|---|---|---|
| 18550 NE 23rd Ct Unit 302 | condos | 1 | 1 | 611 | $591,186 | — |
| 18550 NE 23rd Ct Unit 201 | condos | 1 | 1 | 466 | $476,091 | — |
| 19380 NE 26th Ave Unit 304 | condos | 1 | 1 | — | $348,000 | — |
| 2961 NE 185th St Apt 1609 | condos | 1 | 1 | 859 | $265,000 | — |
| 19380 NE 26th Ave Unit 205 | condos | 1 | 1 | 964 | $378,000 | — |
| 2941 NE 185th St Apt 1305 | townhomes | 1 | 1 | 859 | $320,000 | — |
| 3625 N Country Club Dr Ph 5 | condos | 1 | 2 | 755 | $299,900 | — |
| 3401 N Country Club Dr Unit EI403 | condos | 1 | 2 | 741 | $179,500 | — |
10-year hold projection
IRR-14.3%
Equity multiple-1.48x
Total return (10yr)-$226,507
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $477,869 | -$13,501 | -$42,723 | $367,136 | $110,733 |
| 2 | $492,205 | -$13,783 | -$43,020 | $362,835 | $129,369 |
| 3 | $506,971 | -$14,071 | -$43,323 | $358,240 | $148,731 |
| 4 | $522,180 | -$14,364 | -$43,632 | $353,328 | $168,852 |
| 5 | $537,845 | -$14,663 | -$43,947 | $348,079 | $189,766 |
| 6 | $553,981 | -$14,967 | -$44,268 | $342,470 | $211,510 |
| 7 | $570,600 | -$15,277 | -$44,595 | $336,476 | $234,124 |
| 8 | $587,718 | -$15,593 | -$44,928 | $330,070 | $257,648 |
| 9 | $605,350 | -$15,915 | -$45,268 | $323,224 | $282,125 |
| 10 | $623,510 | -$16,243 | -$45,614 | $315,908 | $307,602 |
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.