16763 NW 77th Path

Miami Lakes, FL 33016 · single_family · For Sale · 119 days on market
Asking price$1,975,000
5 beds 6 baths 3,676 sqft
Suggested offer$1,410,886$564,114 above the est. market value of $1,410,886.
View on Realtor.com →
Listed by Gabriel Baratto · Coldwell Banker Realty
Typesingle_family
Built2006
Price / sqft$537
Est. value (own analysis)$1,410,886
Rent estimate (own analysis)$7,000/mo
HOANone
Wind10/10Extreme$Heat9/10ExtremeAir2/10MinorFlood1/10minimal$Wildfire1/10Minimal
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-05-07
Removed date
MLSMiamiMLS #A12013607
Coordinates25.92589, -80.32660
Address16763 NW 77th Path
CityMiami Lakes
StateFL
Zip33016
Listing ID5465223325
Sourceus-real-estate-listings, cached 2026-08-28

ZIP market snapshot (33016)

Typical home value (ZHVI)$295,375
Typical rent (ZORI)$2,365/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)

Purchase price$1,975,000
Down payment (20.0%)$395,000
Loan amount$1,580,000
Closing costs (5.0%)$98,750
Total cash to close$493,750
Rent (comp-derived)$7,000$84,000
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$84,000
Vacancy rate (assumption) assumption8.0%

$84,000 × 8.0% = $6,720

Effective gross income$6,440$77,280
Property tax (placeholder 1.9% of price)$3,127$37,525
Insurance (est. scaled by flood & wind risk)$1,975$23,700
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$350$4,200
Total operating expenses$5,452$65,425
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$77,280
Total operating expenses derived$65,425

$77,280 − $65,425 = $11,855

Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing)

Monthly Principal & Interest

Standard amortization on the loan amount, at the effective rate and term

Loan amount derived$1,580,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$1,580,000 amortized at 6.7% over 30 years = $10,154/mo

CapEx reserve (5.0% of GSR)$350$4,200
Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%)$0$0
Cash flow

Monthly Cash Flow

(NOI − Annual Debt Service − Annual CapEx Reserve − Annual PMI) ÷ 12

NOI derived$11,855
Annual debt service derived$121,842
Annual CapEx reserve assumption$4,200
Annual PMI assumption$0

($11,855 − $121,842 − $4,200 − $0) ÷ 12 = -$9,516

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$11,855
Purchase price data$1,975,000

$11,855 ÷ $1,975,000 = 0.6%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$114,187
Total cash to close derived$493,750

-$114,187 ÷ $493,750 = -23.1%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$11,855
Annual debt service derived$121,842

$11,855 ÷ $121,842 = 0.10

Rent-to-price (1% rule)

Rent-to-Price (the "1% rule")

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$84,000
Purchase price data$1,975,000

($84,000 ÷ 12) ÷ $1,975,000 = 0.4%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$1,975,000
Gross scheduled rent (annual) comp$84,000

$1,975,000 ÷ $84,000 = 23.5

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$65,425
Effective gross income derived$77,280

$65,425 ÷ $77,280 = 84.7%

Break-even occupancy

Break-Even Occupancy

(Total OpEx + Annual Debt Service + Annual PMI) ÷ Gross Scheduled Rent

Total operating expenses derived$65,425
Annual debt service derived$121,842
Annual PMI assumption$0
Gross scheduled rent (annual) comp$84,000

($65,425 + $121,842 + $0) ÷ $84,000 = 222.9%

Comparables

Same ZIP. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family553,544$5,5002026-08-01
single_family533,153$7,0002026-07-27
single_family532,494$8,5002026-08-29

8135 NW 164th Ter Unit 8135

Miami Lakes, 33016 · rent comp

Bedrooms / bathrooms5 bd / 5 ba
Square footage3,544
Listed2026-08-01
Days on market

Asking rent: $5,500

View on Zillow →

15941 NW 83rd Ave

Miami Lakes, 33016 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage3,153
Listed2026-07-27
Days on market

Asking rent: $7,000

View on Zillow →

Miami Lakes, 33016 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage2,494
Listed2026-08-29
Days on market

Asking rent: $8,500

View on Zillow →

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
16048 NW 82nd Plsingle_family533,122$1,200,0002026-08-20
16214 NW 82nd Plsingle_family564,269$1,200,0002026-08-19
8305 NW 157th Tersingle_family543,299$1,475,0002026-07-30
8560 NW 164th Stsingle_family544,262$1,399,0002026-07-17
7813 NW 165th Stsingle_family543,933$1,646,0002026-06-23
7993 NW 161st Tersingle_family542,889$1,450,0002026-06-04
6215537309single_family542,594$1,435,0002026-05-21
15560 NW 83rd Plsingle_family533,447$1,695,0002026-05-07
8123 NW 161st Tersingle_family542,889$1,100,0002026-04-27
8204 NW 165th Stsingle_family54$1,000,0002026-04-22
16524 NW 77th Pathsingle_family533,412$1,125,0002026-03-02
16421 NW 83rd Ctsingle_family553,536$975,0002026-02-27
16533 NW 77th Pathsingle_family533,392$1,300,0002026-01-15

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.

AddressTypeBedsBathsSqftAsking priceDays on market
15951 NW 79th Ctsingle_family542,889$1,550,000
16022 NW 83rd Ctsingle_family552,940$2,499,990
5445 W 27th Lnsingle_family522,086$595,000
16101 NW 79th Ctsingle_family543,232$1,250,000
14332 Ardoch Plsingle_family585,664$2,970,000
16422 NW 83rd Plsingle_family543,767$1,350,000
16232 NW 79th Avesingle_family553,569$1,429,999
8135 NW 164th Tersingle_family553,544$1,249,900

10-year hold projection

IRR-5.5%
Equity multiple0.08x
Total return (10yr)-$198,087
YearProperty valueNOICash flowLoan balanceEquity
1$2,034,250$11,855-$114,187$1,562,869$471,381
2$2,095,278$12,538-$113,609$1,544,562$550,715
3$2,158,136$13,249-$113,006$1,524,998$633,138
4$2,222,880$13,990-$112,375$1,504,090$718,790
5$2,289,566$14,762-$111,716$1,481,746$807,820
6$2,358,253$15,566-$111,028$1,457,868$900,385
7$2,429,001$16,403-$110,309$1,432,351$996,650
8$2,501,871$17,275-$109,560$1,405,081$1,096,790
9$2,576,927$18,182-$108,777$1,375,938$1,200,989
10$2,654,235$19,126-$107,961$1,344,794$1,309,441
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.
All figures are estimates for evaluation purposes only, not investment, tax, legal, or insurance advice. Property tax is estimated from a real matched tax bill or millage rate when available, a placeholder % of price otherwise; insurance is scaled by flood and wind risk where those are known and a flat percentage otherwise — never a real quote. Verify all of them, along with association restrictions and permit status, before committing capital. Rent estimates come from real comps or Zillow’s ZIP index, not appraisals.