155 SW 16th Ter
Homestead, FL 33030 · single_family · For Sale · 29 days on market
Asking price$720,000
6 beds 3 baths 3,450 sqft
Listed by Jose Duran Menendez · A & G TEAM REALTY, LLC
Typesingle_family
Built1974
Price / sqft$209
Est. value (own analysis)$1,151,674
Rent estimate (Zillow ZIP avg)$2,465/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood7/10severe$Air2/10MinorWildfire2/10Minor
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Statusfor_sale
Listed date2026-08-04
Removed date—
MLSMiamiMLS #A12063786
Coordinates25.46825, -80.49886
Address155 SW 16th Ter
CityHomestead
StateFL
Zip33030
Listing ID5139950404
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33030)
Typical home value (ZHVI)$521,479
Typical rent (ZORI)$2,465/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 | $720,000 |
| Down payment (20.0%) | $144,000 |
| Loan amount | $576,000 |
| Closing costs (5.0%) | $36,000 |
| Total cash to close | $180,000 |
| Income | |
| Rent (ZIP avg, ZORI — not bedroom-specific) | $2,465$29,583 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,268$27,217 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,140$13,680 |
| Insurance (est. scaled by flood & wind risk) | $936$11,232 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $123$1,479 |
| Total operating expenses | $2,199$26,391 |
| 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) | $123$1,479 |
| 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
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| single_family | 6 | 3 | 3,183 | $3,600 | 2026-06-05 | — |
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 |
|---|---|---|---|---|---|---|
| 2152 NW 16th Ter | single_family | 6 | 4 | 3,820 | $1,125,000 | 2026-05-15 |
| 1651 NW 19th St | single_family | 6 | 3 | 2,282 | $955,000 | 2026-02-25 |
| 31725 SW 213th Ave | single_family | 6 | 5 | 5,497 | $1,835,000 | 2026-02-10 |
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 |
|---|---|---|---|---|---|---|
| 2150 NW 16th Pl | single_family | 6 | 4 | — | $1,299,990 | — |
| 31050 SW 193rd Ave | single_family | 6 | 5 | 5,659 | $1,550,000 | — |
| 29215 SW 167th Ct | single_family | 6 | 5 | 3,644 | $1,299,980 | — |
| 1730 NW 21st St | single_family | 6 | 4 | 3,820 | $1,085,000 | — |
| 20255 SW 296th St | single_family | 6 | 3 | 4,771 | $1,099,900 | — |
10-year hold projection
IRR-6.8%
Equity multiple-0.14x
Total return (10yr)-$111,052
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $741,600 | $826 | -$45,072 | $569,755 | $171,845 |
| 2 | $763,848 | $982 | -$44,952 | $563,081 | $200,767 |
| 3 | $786,763 | $1,147 | -$44,825 | $555,949 | $230,815 |
| 4 | $810,366 | $1,320 | -$44,691 | $548,327 | $262,040 |
| 5 | $834,677 | $1,502 | -$44,549 | $540,181 | $294,496 |
| 6 | $859,718 | $1,692 | -$44,400 | $531,476 | $328,241 |
| 7 | $885,509 | $1,892 | -$44,241 | $522,174 | $363,335 |
| 8 | $912,074 | $2,102 | -$44,074 | $512,232 | $399,842 |
| 9 | $939,437 | $2,322 | -$43,898 | $501,608 | $437,828 |
| 10 | $967,620 | $2,553 | -$43,713 | $490,255 | $477,365 |
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.