19616 NE 14th Ct

Miami, FL 33179 · single_family · For Sale · 177 days on market
Asking price$3,750,000
6 beds 6 baths 4,400 sqft
Suggested offer$3,649,900$100,100 above the est. market value of $3,649,900.
View on Realtor.com →
Listed by Michael Newman · Sharp Realty,LLC
Typesingle_family
Built
Price / sqft$852
Est. value (Realtor.com)$3,649,900
Rent estimate (own analysis)$17,000/mo
HOA$1,405/mo
Show every detail
Statusfor_sale
Listed date2026-03-09
Removed date
MLSMiamiMLS #A11976810
Coordinates
Address19616 NE 14th Ct
CityMiami
StateFL
Zip33179
Listing ID9867695632
Sourcerealtor, cached 2026-08-21

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$3,750,000
Down payment (20.0%)$750,000
Loan amount$3,000,000
Closing costs (5.0%)$187,500
Total cash to close$937,500
Rent (comp-derived)$17,000$204,000
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$204,000
Vacancy rate (assumption) assumption8.0%

$204,000 × 8.0% = $16,320

Effective gross income$15,640$187,680
Property tax (placeholder 1.9% of price)$5,938$71,250
Insurance (placeholder 0.8% of price)$2,500$30,000
HOA dues$1,405$16,860
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$850$10,200
Total operating expenses$10,693$128,310
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$187,680
Total operating expenses derived$128,310

$187,680 − $128,310 = $59,370

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$3,000,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$3,000,000 amortized at 6.7% over 30 years = $19,279/mo

CapEx reserve (5.0% of GSR)$850$10,200
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$59,370
Annual debt service derived$231,346
Annual CapEx reserve assumption$10,200
Annual PMI assumption$0

($59,370 − $231,346 − $10,200 − $0) ÷ 12 = -$15,181

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$59,370
Purchase price data$3,750,000

$59,370 ÷ $3,750,000 = 1.6%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$182,176
Total cash to close derived$937,500

-$182,176 ÷ $937,500 = -19.4%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$59,370
Annual debt service derived$231,346

$59,370 ÷ $231,346 = 0.26

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$204,000
Purchase price data$3,750,000

($204,000 ÷ 12) ÷ $3,750,000 = 0.5%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$3,750,000
Gross scheduled rent (annual) comp$204,000

$3,750,000 ÷ $204,000 = 18.4

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$128,310
Effective gross income derived$187,680

$128,310 ÷ $187,680 = 68.4%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$128,310
Annual debt service derived$231,346
Annual PMI assumption$0
Gross scheduled rent (annual) comp$204,000

($128,310 + $231,346 + $0) ÷ $204,000 = 176.3%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family673,603$26,0002026-05-07
single_family675,125$14,0002026-04-27
single_family654,200$17,0002026-03-31

1830 NE 193rd St

Miami, 33179 · rent comp

Bedrooms / bathrooms6 bd / 7 ba
Square footage3,603
Listed2026-05-07
Days on market

Asking rent: $26,000

View on Zillow →

19471 NE 14th Ct

Miami, 33179 · rent comp

Bedrooms / bathrooms6 bd / 7 ba
Square footage5,125
Listed2026-04-27
Days on market

Asking rent: $14,000

View on Zillow →

20100 NE 20th Ct Unit 0

Miami, 33179 · rent comp

Bedrooms / bathrooms6 bd / 5 ba
Square footage4,200
Listed2026-03-31
Days on market

Asking rent: $17,000

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
1572 NE 194th Stsingle_family664,437$3,400,0002026-04-30
21480 Highland Lakes Blvd # 21480single_family673,312$2,161,0002026-04-24
1940 NE 193rd Stsingle_family664,787$4,116,2002025-12-26
19411 Presidential Waysingle_family654,174$3,094,5002025-12-22
2070 NE 194th Tersingle_family676,894$4,400,0002025-10-20

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
1830 NE 193rd Stsingle_family673,603$4,126,000
19200 NE 14th Ctsingle_family664,735$3,408,990
19625 NE 14th Avesingle_family664,735$3,464,765
19200 NE 14th Ctsingle_family664,735$3,408,990
1977 S Oak Haven Cirsingle_family664,495$2,800,000
19914 NE 19th Ctsingle_family675,911$3,600,000
18600 NE 7th Ctsingle_family653,960$1,200,000

10-year hold projection

IRR-3.0%
Equity multiple0.50x
Total return (10yr)$22,582
YearProperty valueNOICash flowLoan balanceEquity
1$3,862,500$59,370-$182,176$2,967,473$895,027
2$3,978,375$61,793-$180,008$2,932,713$1,045,662
3$4,097,726$64,304-$177,758$2,895,566$1,202,161
4$4,220,658$66,907-$175,423$2,855,867$1,364,791
5$4,347,278$69,605-$172,999$2,813,443$1,533,835
6$4,477,696$72,402-$170,485$2,768,105$1,709,591
7$4,612,027$75,299-$167,875$2,719,654$1,892,373
8$4,750,388$78,302-$165,168$2,667,876$2,082,512
9$4,892,899$81,414-$162,359$2,612,542$2,280,358
10$5,039,686$84,638-$159,446$2,553,408$2,486,279
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.