19380 NE 26th Ave #205 · Ojus, FL 33180

$378,000

1 bd · 1.0 ba · 964 sqft · Condo public records · 106 Days on market

Built 2021 $500/mo HOA · 13% of rent

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +12.2/30.0
• ARV discount +7.5/15.0
• 1% rule +4.9/10.0
• Schools +4.2/10.0
• Livability +4.2/5.0
• DSCR +3.6/10.0
• Condition / age +2.5/5.0
• Rent growth +2.1/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

DAILY RENTALS ALLOWED !!!!! MIX USE UNIT!!! WORK AND LIVE UNIT !!! 964 SFT BRAND NEW UNIT . You can choose to only live as a residence or you can live and work !!! Professional building . Pets are allowed , washer and dryer in the unit. Centrally located close to the beaches and Aventura mall!!! Amenities on site: Swimming pool and barbecue . It won't last!!! call today easy to show . washer and dryer will be installed

Key facts

• Centrally located
• Pets allowed
• Airbnb ready

Tags

• DAILY RENTALS ALLOWED
• MIXED-USE WORK AND LIVE UNIT
• AIRBNB READY
• PETS ALLOWED
• WASHER AND DRYER IN UNIT
• CENTRALLY LOCATED

Property features AI

Finance

• Financial info: Pets allowed (size limit; more than 20 lbs permitted)
• HOA & community: Monthly association fee; Association fee covers amenities, insurance, parking, trash and water; Association amenities include pool and elevator(s)

Exterior

• Parking: 1 covered garage space; One parking space
• Security: Complex fenced; Smoke detector(s)
• Utilities: Has cooling (central air)
• Home design: 3-story building; Entry on level 2
• Construction: Block construction; Effective year built
• Exterior features: Balcony; Open balcony/patio; Barbecue; Fence; Association pool

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Icemaker
• Bedrooms: Bedroom on main level
• Flooring: Tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Central air conditioning
• Interior features: Second-floor entry; Elevator; Smoke detector(s); Bedroom located on main level
• Laundry & utility: Washer; Dryer; Electric water heater

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $378k.

Deal economics

• At list price, monthly cash flow is $-145 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $352k (6.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $372k (1.5% below list).
• Recommended offer: $344k (9.0% below list) — sets the bar for market timing.
• Cap rate 6.0% vs local median 8.7% in Ojus — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

Location & tenants

• Location reads 83/100 on livability (#58 in FL, #1,031 nationally) — a professional / high-income tenant draw. Strengths: commute A+, housing A+, health & safety A+; Watch: amenities F.
• Miami-Dade (suburban): math 45% / reading 54% proficiency, ranked #40 of 73 in FL (top 55%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Virginia A Boone-Highland Oaks School (math 50% / reading 60%, grade C, #872 of 2,144 statewide, top 42%, 600 students, 40% FRL); Highland Oaks Middle School (math 28% / reading 51%, grade F, #373 of 571 statewide, top 66%, 774 students, 50% FRL); Dr. Michael M. Krop Senior High (math 21% / reading 46%, grade F, #400 of 667 statewide, top 61%, 2,235 students, 49% FRL) — zoned schools average 47% FRL vs 64% district-wide (17 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents soft (-1.5%/yr); 993 active listings in the ZIP; solid renter incomes; 10,051 units permitted in Miami-Dade County in 2024 (7,758 in 5+ unit buildings).
• At $3,724/mo this rent would consume 49% of the median local household income ($91k/yr) (locally 1838% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $11k of value loss. Plan a longer hold.
• Miami-Dade County population projected at +28% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 106 days — a 9% lower offer ($344k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 5y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $343,980 (9.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 106 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
9. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
10. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
11. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
12. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.99% ✗
• Cap rate: 6.04%
• Cash-on-cash: -0.89%
• DSCR: 0.96
• GRM: 8.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -23.0%
• Equity multiple: 0.23×
• Total profit: $-81,064
• Equity at exit: $56,361

10-year hold

• IRR: -31.1%
• Equity multiple: -0.16×
• Total profit: $-123,258
• Equity at exit: $32,683

Cash invested: $105,840 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 33180

• Rents YoY: -1.5%
• Active inventory: 993
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $3,724 medium
• Mortgage (P&I): −$1,982
• Tax from tax record: −$381 /mo · $4,572/yr
• Insurance: −$158
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$500
• Vacancy / Maint / Mgmt: −$782
• Net cashflow: $-145

Break-even live

Break-even rent $3,908

Max offer price $352,356

Occupancy floor 99%

Sensitivity live

Price	-10% $69	-5% $-38	+0% $-145	+5% $-252	+10% $-359
Rent	-10% $-439	-5% $-292	+0% $-145	+5% $2	+10% $149
Rate	-1.0pp $45	-0.5pp $-49	base $-145	+0.5pp $-243	+1.0pp $-343

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $94,500
• Closing costs: $11,340
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $500 · $6,000/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 6 events

1. 2026-05-18
   price $378,000
2. 2026-02-09
   listed $380,000 Active
3. 2022-02-10
   historical 423-char remark

   Show marketing remark (423 chars)

   DAILY RENTALS ALLOWED !!!!! MIX USE UNIT!!! WORK AND LIVE UNIT !!! 964 SFT BRAND NEW UNIT . You can choose to only live as a residence or you can live and work !!! Professional building . Pets are allowed , washer and dryer in the unit. Centrally located close to the beaches and Aventura mall!!! Amenities on site: Swimming pool and barbecue . It won't last!!! call today easy to show . washer and dryer will be installed

4. 2022-02-09
   soldstatus $330,000 Closed 423-char remark

   Show marketing remark (423 chars)

   DAILY RENTALS ALLOWED !!!!! MIX USE UNIT!!! WORK AND LIVE UNIT !!! 964 SFT BRAND NEW UNIT . You can choose to only live as a residence or you can live and work !!! Professional building . Pets are allowed , washer and dryer in the unit. Centrally located close to the beaches and Aventura mall!!! Amenities on site: Swimming pool and barbecue . It won't last!!! call today easy to show . washer and dryer will be installed

5. 2021-12-16
   status Pending 423-char remark

   Show marketing remark (423 chars)

   DAILY RENTALS ALLOWED !!!!! MIX USE UNIT!!! WORK AND LIVE UNIT !!! 964 SFT BRAND NEW UNIT . You can choose to only live as a residence or you can live and work !!! Professional building . Pets are allowed , washer and dryer in the unit. Centrally located close to the beaches and Aventura mall!!! Amenities on site: Swimming pool and barbecue . It won't last!!! call today easy to show . washer and dryer will be installed

6. 2021-09-22
   listed $350,000 Active 423-char remark

   Show marketing remark (423 chars)

   DAILY RENTALS ALLOWED !!!!! MIX USE UNIT!!! WORK AND LIVE UNIT !!! 964 SFT BRAND NEW UNIT . You can choose to only live as a residence or you can live and work !!! Professional building . Pets are allowed , washer and dryer in the unit. Centrally located close to the beaches and Aventura mall!!! Amenities on site: Swimming pool and barbecue . It won't last!!! call today easy to show . washer and dryer will be installed

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $4,572 · $381/mo
• Projected year-2 tax: $4,572 · $381/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone X (shaded) · 74% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥104°F today · 27 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $44,689
• − Mortgage interest: −$21,174
• − Property taxes: −$4,572
• − Insurance: −$2,688
• − Repairs & maintenance: −$3,575
• − Management: −$3,575
• − HOA: −$6,000
• − Depreciation: −$10,996
• Taxable loss: −$7,890
• Est. tax savings @ 24.0%: +$1,894
• After-tax cash flow: $152/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Miami-Dade
• NCES district ID: 1200390
• Math proficiency: 45% ▼ -16.00%
• Reading proficiency: 54% ▼ -5.00%
• Median HH income: $43,928
• Composite: 41.76/100
• National rank: #3397
• State rank: #40 of 73 in FL

Livability — Ojus

• Score: 83/100
• State rank: #58
• US rank: #1031

Category grades

Amenities F Commute A+ Cost of living A Crime B+ Employment C Housing A+ Health & safety A+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ojus, FL
• County: Miami-Dade County · 2,697,751 people
• City population: 34,147
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 34,147
• Household income: $91,055
• Rent vs Own: 38.7% rent · 61.3% own
• Severe rent burden: 1838.0

Population outlook (Miami-Dade County) Hauer SSP2

• Today (2025): 3,126,439 people
• By 2030: 3,325,765 · +6.4%
• By 2040: 3,697,561 · +18.3%
• By 2050: 4,012,134 · +28.3%
• By 2075: 4,605,612 · +47.3%
• By 2100: 4,866,598 · +55.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 46% Hispanic / Latino 45% Two or more races 28% Black 2% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2% Cuban 7% Dominican 1% Salvadoran 6%
• Common ancestry: Scotch-Irish 5% Romanian 5% Italian 3%
• Foreign-born: 52% · Canada, Jamaica, Dominican Republic
• Languages at home: 30% English-only · Spanish 49% Other Indo-European 6% Russian/Polish/Slavic 4%

Political lean MEDSL · Miami-Dade

• 2024 margin: R (+11.4) · D 43.9% · R 55.4%
• 2008→2024 swing: -27.6pp toward R · 2008: 16.1pp · 2024: -11.4pp
• All cycles: 2024: R+11.4 2020: D+7.3 2016: D+29.6 2012: D+23.7 2008: D+16.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -343.81%
• Current HPI: 234.7715
• Rent YoY: ▼ -1.51%
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+8.0% since first listed

6 events — show timeline

• 2026-05-18 Price Changed $378,000 MARMLS
• 2026-02-09 Listed $380,000 MARMLS
• 2022-02-10 Listing Removed — MARMLS
• 2022-02-09 Sold (MLS) $330,000 MARMLS
• 2021-12-16 Pending — MARMLS
• 2021-09-22 Listed $350,000 MARMLS

Property tax history

+96.6%/yr

Latest (2025): $4,572 · -0.1% YoY. Source: county tax records.