16232 SW 57th Ln
Miami, FL 33193 · condos · Pending — under contract · 26 days on market
Asking price$564,000
3 beds 3 baths 2,027 sqft
Listed by Nicolas Escallon · Coldwell Banker Realty
Typecondos
Built2007
Price / sqft$278
Est. value (own analysis)$564,902
Rent estimate (own analysis)$2,875/mo
HOA$189/mo
Wind10/10Extreme$Heat10/10ExtremeWildfire6/10MajorAir2/10MinorFlood1/10minimal$
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Statusfor_sale
Listed date2026-08-07
Removed date—
MLSMiamiMLS #A12067185
Coordinates25.71147, -80.45585
Address16232 SW 57th Ln
CityMiami
StateFL
Zip33193
Listing ID5287154147
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33193)
Typical home value (ZHVI)$445,241
Typical rent (ZORI)$2,377/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 | $564,000 |
| Down payment (20.0%) | $112,800 |
| Loan amount | $451,200 |
| Closing costs (5.0%) | $28,200 |
| Total cash to close | $141,000 |
| Income | |
| Rent (comp-derived) | $2,875$34,500 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,645$31,740 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $893$10,716 |
| Insurance (est. scaled by flood & wind risk) | $564$6,768 |
| HOA dues | $189$2,268 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $144$1,725 |
| Total operating expenses | $1,790$21,477 |
| 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) | $144$1,725 |
| 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.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| apartment | 3 | 2 | 1,700 | $2,850 | 2026-08-18 | — | |
| condos | 3 | 2 | 1,346 | $2,450 | 2026-07-08 | — | |
| condos | 3 | 3 | 1,630 | $2,450 | 2026-07-02 | — | |
| condos | 3 | 3 | 1,325 | $2,500 | 2026-08-04 | — | |
| apartment | 3 | 2 | 1,660 | $2,900 | 2026-08-03 | — | |
| apartment | 3 | 2 | 1,436 | $3,352 | — | — | |
| apartment | 3 | 2 | 1,436 | $3,372 | — | — | |
| apartment | 3 | 2 | 1,436 | $3,262 | — | — |
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 |
|---|---|---|---|---|---|---|
| 15620 SW 80th St Unit H101 | condos | 3 | 2 | 1,165 | $270,000 | 2026-07-13 |
| 14815 SW 81st St Unit B | condos | 3 | 2 | 1,075 | $500,000 | 2026-07-09 |
| 14903 SW 80th St Apt 201 | condos | 3 | 2 | 1,220 | $345,000 | 2026-07-02 |
| 15441 SW 81 Circle Ln Unit 41 | condos | 3 | 2 | — | $257,500 | 2026-06-05 |
| 14971 SW 82nd Ln Unit 20-508 | condos | 3 | 2 | 1,260 | $290,000 | 2026-06-02 |
| 7611 SW 153rd Ct Apt 105 | condos | 3 | 2 | 1,120 | $360,000 | 2026-05-13 |
| 14911 SW 80th St Apt 221 | condos | 3 | 2 | 1,220 | $340,000 | 2026-03-24 |
| 14903 SW 80th St Apt 101 | condos | 3 | 2 | 1,220 | $345,000 | 2026-02-27 |
| 6841 SW 147th Ave Apt 3H | condos | 3 | 2 | 1,700 | $350,000 | 2025-12-17 |
| 8255 SW 152nd Ave Unit E412 | condos | 3 | 2 | 1,293 | $260,000 | 2025-12-16 |
| 8595 SW 152nd Ave Apt 251 | condos | 3 | 3 | 1,320 | $430,000 | 2025-10-31 |
| 15660 SW 82nd Cir Ln Unit 6-6 | condos | 3 | 3 | 1,964 | $300,000 | 2025-10-06 |
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 |
|---|---|---|---|---|---|---|
| 6651 SW 148th Ct | single_family | 3 | 2 | 1,892 | $855,000 | — |
| 7054 SW 152nd Ct | townhomes | 3 | 2 | 1,116 | $490,000 | — |
| 15840 SW 85th St | single_family | 3 | 2 | 1,631 | $650,000 | — |
| 14755 SW 74th Ln | townhomes | 3 | 3 | 2,187 | $533,000 | — |
| 14963 SW 74th Ter | single_family | 3 | 2 | 1,322 | $529,000 | — |
| 16628 SW 79th Ter | townhomes | 3 | 3 | 1,776 | $525,000 | — |
| 15171 SW 70th St | single_family | 3 | 2 | 2,074 | $850,000 | — |
| 15253 SW 56th Ter | single_family | 3 | 3 | 1,250 | $560,000 | — |
10-year hold projection
IRR-2.4%
Equity multiple0.60x
Total return (10yr)$17,115
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $580,920 | $10,263 | -$26,256 | $446,308 | $134,612 |
| 2 | $598,348 | $10,678 | -$25,884 | $441,080 | $157,267 |
| 3 | $616,298 | $11,109 | -$25,498 | $435,493 | $180,805 |
| 4 | $634,787 | $11,555 | -$25,097 | $429,523 | $205,264 |
| 5 | $653,831 | $12,017 | -$24,681 | $423,142 | $230,689 |
| 6 | $673,446 | $12,496 | -$24,250 | $416,323 | $257,122 |
| 7 | $693,649 | $12,992 | -$23,802 | $409,036 | $284,613 |
| 8 | $714,458 | $13,507 | -$23,338 | $401,249 | $313,209 |
| 9 | $735,892 | $14,040 | -$22,856 | $392,927 | $342,965 |
| 10 | $757,969 | $14,592 | -$22,357 | $384,033 | $373,936 |
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.