1717 NW 16th St
Miami, FL 33125 · multi_family · For Sale · 69 days on market
Asking price$1,200,000
8 beds 4 baths 2,975 sqft
Suggested offer$1,025,504$174,496 above the est. market value of $1,025,504.
View on Realtor.com →Listed by Sean Guim · Onyx Realty
Typemulti_family
Built1986
Price / sqft$403
Est. value (own analysis)$1,025,504
Rent estimate (building total, own analysis)$8,509/mo
HOANone
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Statusfor_sale
Listed date2026-06-25
Removed date—
MLSMiamiMLS #A12042518
Coordinates25.78981, -80.22361
Address1717 NW 16th St
CityMiami
StateFL
Zip33125
Listing ID5523473325
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33125)
Typical home value (ZHVI)$466,681
Typical rent (ZORI)$2,360/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 | $1,200,000 |
| Down payment (20.0%) | $240,000 |
| Loan amount | $960,000 |
| Closing costs (5.0%) | $60,000 |
| Total cash to close | $300,000 |
| Income | |
| Rent (estimate) | $8,509$102,102 |
| Vacancy loss (8.0%) | |
| Effective gross income | $7,828$93,934 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,900$22,800 |
| Insurance (placeholder 0.8% of price) | $800$9,600 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $425$5,105 |
| Total operating expenses | $3,125$37,505 |
| 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) | $425$5,105 |
| 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.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 426 NW 13th Ave Apt 2 | multi_family | 8 | 4 | 3,722 | $1,283,000 | 2026-07-13 |
| 911 NW 22nd Pl | multi_family | 8 | — | 3,244 | $900,000 | 2026-06-22 |
| 1229 NW 5th St | multi_family | 8 | 8 | 2,964 | $1,400,000 | 2026-06-02 |
| 1237 NW 5th St | multi_family | 8 | 5 | 2,759 | $1,400,000 | 2026-06-02 |
| 1429 NW 2nd St | multi_family | 8 | 6 | 4,086 | $1,380,000 | 2026-05-14 |
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 |
|---|---|---|---|---|---|---|
| 600 NW 25th Ct | multi_family | 8 | 4 | 3,628 | $1,495,000 | — |
| 1968 NW 25th Ave | multi_family | 8 | 6 | 4,248 | $1,295,000 | — |
| 720 NW 30th Ave | single_family | 8 | 8 | 2,767 | $1,100,000 | — |
| 3524 NW 4th Ter | multi_family | 8 | 8 | 4,350 | $1,399,000 | — |
10-year hold projection
IRR5.4%
Equity multiple1.86x
Total return (10yr)$414,771
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,236,000 | $56,429 | -$22,707 | $949,591 | $286,409 |
| 2 | $1,273,080 | $58,309 | -$20,954 | $938,468 | $334,612 |
| 3 | $1,311,272 | $60,251 | -$19,144 | $926,581 | $384,691 |
| 4 | $1,350,611 | $62,255 | -$17,273 | $913,878 | $436,733 |
| 5 | $1,391,129 | $64,325 | -$15,341 | $900,302 | $490,827 |
| 6 | $1,432,863 | $66,461 | -$13,345 | $885,794 | $547,069 |
| 7 | $1,475,849 | $68,668 | -$11,283 | $870,289 | $605,559 |
| 8 | $1,520,124 | $70,945 | -$9,154 | $853,720 | $666,404 |
| 9 | $1,565,728 | $73,296 | -$6,954 | $836,013 | $729,715 |
| 10 | $1,612,700 | $75,724 | -$4,683 | $817,090 | $795,609 |
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.