18555 NE 14th Ave #709 · Ojus, FL 33179

$199,000

1 bd · 1.0 ba · 793 sqft · Condo public records · 80 Days on market

Built 1967 $458/mo HOA · 15% of rent

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Why this score? — see what drove the B 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 +29.4/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.2/10.0
• Livability +4.2/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

SELLER IS CONTRIBUTING $5,000 toward the buyer's closing costs. CORNER UNIT 1-bedroom, 1-bath in 55+ community, FULLY REMODELED AND BRIGHT SPACIOUS DESIGN with brand-new vinyl flooring, freshly painted interior, and an INCREDIBLE PANORAMIC SKY LAKE VIEW offering NATURAL LIGHT, SERENITY, AND TRANQUILITY. WAKE UP TO LAKE VIEWS EVERY DAY. MODERN OPEN-CONCEPT KITCHEN with STAINLESS STEEL APPLIANCES, large walk-in closet, assigned parking near elevator, and ample guest parking. WELL MAINTAINED BUILDING with great amenities including 2 pools (1 heated), gym, and library. PRIME LOCATION just minutes from Sky Lake shopping center, Expressway I-95, Biscayne Blvd, Aventura Mall, dining, and entertain

Key facts

• 2 pools
• Assigned parking
• $458 HOA

Tags

• PANORAMIC SKY LAKE VIEW
• MODERN OPEN-CONCEPT KITCHEN
• STAINLESS STEEL APPLIANCES
• ASSIGNED PARKING
• WELL MAINTAINED BUILDING
• 2 POOLS

Property features AI

Finance

• Financial info: Pets not allowed
• HOA & community: Has association (Sixth Moorings); Monthly HOA fee; HOA includes sewer, trash, common areas, elevator, roof repairs, recreation facility, pool service; Association amenities: Elevator(s), Fitness Center, Laundry, Management, Parking, Pool, Manager On Site, Trash Chute, Community Room, Heated Pool, Library, Sidewalks, Street Lights, Maintenance, Recreation Facilities; Senior community

Exterior

• Parking: Assigned parking; Guest parking; Asphalt parking surface; 2 total parking spaces
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer; Electricity connected (220 volts in kitchen); Water connected; Sewer available
• Home design: Condominium; Three or more levels; Updated/remodeled; Entry level: 3; Faces southeast
• Construction: Stucco and concrete block with stucco construction; Built-up/flat roof; Slab foundation; Originally built prior to current records (public records list living area)
• Exterior features: Sidewalks; Paved public road; No waterfront

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator; Disposal; Electric water heater
• Bedrooms: No main level bedrooms
• Flooring: Ceramic tile; Laminate; Wood
• Bathrooms: 1 full bathroom
• Heating & cooling: Central electric heat; Central air; Ceiling fan(s)
• Interior features: Walk-in closet(s); Blinds
• Laundry & utility: Common area laundry room

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $199k.

Deal economics

• At list price, monthly cash flow is $708 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $199k).
• Recommended offer: $187k (6.0% below list) — sets the bar for market timing.
• Cap rate 10.6% vs local median 8.7% in Ojus — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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: Ojus Elementary School (math 56% / reading 59%, grade C+, #764 of 2,144 statewide, top 36%, 776 students, 63% 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).
• Market conditions: Rents flat; 572 active listings in the ZIP; 10,051 units permitted in Miami-Dade County in 2024 (7,758 in 5+ unit buildings).
• At $3,126/mo this rent would consume 58% of the median local household income ($65k/yr) (locally 3123% 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 $1k of loan paydown is wiped out by about $6k 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 80 days — a 6% lower offer ($187k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $77k; list at $199k implies a 159% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $187,060 (6.0% below list)

Questions for the listing agent

1. It's been on market 80 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1967 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. 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?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
9. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
10. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
11. 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.
12. 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.
13. 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: 1.57% ✓
• Cap rate: 10.56%
• Cash-on-cash: 15.24%
• DSCR: 1.68
• GRM: 5.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.22% rent growth · sell at horizon

5-year hold

• IRR: 2.2%
• Equity multiple: 1.08×
• Total profit: $4,593
• Equity at exit: $29,672

10-year hold

• IRR: 8.3%
• Equity multiple: 1.54×
• Total profit: $30,163
• Equity at exit: $17,206

Cash invested: $55,720 (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 33179

• Rents YoY: 0.2%
• Active inventory: 572
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $3,126 medium
• Mortgage (P&I): −$1,044
• Tax from tax record: −$177 /mo · $2,127/yr
• Insurance: −$83
• HOA: −$458
• Vacancy / Maint / Mgmt: −$656
• Net cashflow: $708

Break-even live

Break-even rent $2,230

Max offer price $199,000

Occupancy floor 72%

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: $49,750
• Closing costs: $5,970
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $458 · $5,496/yr
• Likely covers: poolgymparking
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 16 events

1. 2026-06-18
   days on market $199,000 Active 80 DOM
2. 2026-06-17
   days on market $199,000 Active 79 DOM
3. 2026-06-16
   days on market $199,000 Active 78 DOM
4. 2026-06-15
   days on market $199,000 Active 77 DOM
5. 2026-06-13
   days on market $199,000 Active 75 DOM
6. 2026-06-09
   days on market $199,000 Active 71 DOM
7. 2026-06-08
   days on market $199,000 Active 70 DOM
8. 2026-06-07
   days on market $199,000 Active 69 DOM
9. 2026-06-04
   days on market $199,000 Active 66 DOM
10. 2026-06-03
    days on market $199,000 Active 65 DOM
11. 2026-06-02
    days on market $199,000 Active 64 DOM
12. 2026-06-01
    days on market $199,000 Active 63 DOM
13. 2026-05-31
    days on market $199,000 Active 62 DOM
14. 2026-03-27
    listed $199,000 Active
15. 2004-10-14
    soldstatus $76,900
16. 1998-11-24
    soldstatus $28,000

ⓘ 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: $2,127 · $177/mo
• Projected year-2 tax: $2,127 · $177/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 6/10 Major FEMA zone X (unshaded) · 48% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥104°F today · 24 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $37,507
• − Mortgage interest: −$11,147
• − Property taxes: −$2,127
• − Insurance: −$995
• − Repairs & maintenance: −$3,001
• − Management: −$3,001
• − HOA: −$5,496
• − Depreciation: −$5,789
• Taxable income: $5,952
• Est. tax owed @ 24.0%: −$1,429
• After-tax cash flow: $7,062/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
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 51,591
• Household income: $65,211
• Rent vs Own: 43.3% rent · 56.7% own
• Severe rent burden: 3123.0

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 0.67)
• Race & ethnicity: Black 39% Hispanic / Latino 38% Two or more races 23% White 19% Asian 1%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2% Cuban 6% Dominican 3% Salvadoran 3%
• Common ancestry: Hispanic 13% Scotch-Irish 2% Romanian 2%
• Foreign-born: 48% · Canada, Jamaica, Dominican Republic
• Languages at home: 42% English-only · Spanish 37% French/Haitian/Cajun 13% Other Indo-European 2%

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: ▼ -608.34%
• Current HPI: 328.1733
• Rent YoY: ▲ 0.22%
• 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

+610.7% since first listed

3 events — show timeline

• 2026-03-27 Listed $199,000 Beaches MLS
• 2004-10-14 Sold (Public Records) $76,900 Public Records
• 1998-11-24 Sold (Public Records) $28,000 Public Records

Property tax history

+16.5%/yr

Latest (2025): $2,127 · +4.3% YoY. Source: county tax records.