3205 W 16th Ave
Hialeah, FL 33012 · mobile · For Sale · 135 days on market
Asking price$245,000
3 beds 2 baths 918 sqft
Listed by Stanley Rosen · The Keyes Company
Typemobile
Built1974
Price / sqft$267
Est. value (Zillow ZIP avg)$385,585
Rent estimate (Zillow ZIP avg)$2,270/mo
HOA$10/mo
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Statusfor_sale
Listed date2026-04-20
Removed date—
MLSBeachesMLS #B26017955
Coordinates25.85163, -80.31340
Address3205 W 16th Ave
CityHialeah
StateFL
Zip33012
Listing ID5231337867
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33012)
Typical home value (ZHVI)$385,585
Typical rent (ZORI)$2,270/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 | $245,000 |
| Down payment (20.0%) | $49,000 |
| Loan amount | $196,000 |
| Closing costs (5.0%) | $12,250 |
| Total cash to close | $61,250 |
| Income | |
| Rent (ZIP avg, ZORI — not bedroom-specific) | $2,270$27,241 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,088$25,062 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $388$4,655 |
| Insurance (placeholder 0.8% of price) | $163$1,960 |
| HOA dues | $10$120 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $114$1,362 |
| Total operating expenses | $675$8,097 |
| 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) | $114$1,362 |
| 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.
No active rental listings cached yet for this bedroom count.
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.
No recent recorded sales cached yet for this ZIP.
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 |
|---|---|---|---|---|---|---|
| 4210 W 10th Ct | single_family | 3 | 2 | 1,440 | $485,000 | — |
| 1820 W 53rd St Apt 204 | condos | 3 | 2 | 994 | $275,000 | — |
| 4349 W 10th Ave | single_family | 3 | 2 | 1,298 | $499,900 | — |
| 5665 W 20th Ave Apt 415 | condos | 3 | 2 | 1,203 | $280,000 | — |
| 1014 W 66th St | single_family | 3 | 2 | 1,538 | $670,000 | — |
| 1092 W 32nd St | single_family | 3 | 3 | 1,388 | $695,000 | — |
| 3930 W 2nd Ave | single_family | 3 | 2 | 1,541 | $680,000 | — |
| 739 W 30th St | single_family | 3 | 2 | — | $559,000 | — |
10-year hold projection
IRR11.7%
Equity multiple2.82x
Total return (10yr)$143,622
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $252,350 | $16,965 | $488 | $193,875 | $58,475 |
| 2 | $259,921 | $17,514 | $1,003 | $191,604 | $68,317 |
| 3 | $267,718 | $18,081 | $1,535 | $189,177 | $78,541 |
| 4 | $275,750 | $18,666 | $2,085 | $186,583 | $89,166 |
| 5 | $284,022 | $19,270 | $2,652 | $183,812 | $100,211 |
| 6 | $292,543 | $19,892 | $3,237 | $180,849 | $111,693 |
| 7 | $301,319 | $20,535 | $3,841 | $177,684 | $123,635 |
| 8 | $310,359 | $21,198 | $4,464 | $174,301 | $136,058 |
| 9 | $319,669 | $21,882 | $5,108 | $170,686 | $148,983 |
| 10 | $329,260 | $22,588 | $5,772 | $166,823 | $162,437 |
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.