16292 SW 57th Ln

Miami, FL 33193 · townhomes · For Sale · 37 days on market
Asking price$599,900
4 beds 3 baths 2,179 sqft
View on Realtor.com →
Listed by Renzo Rossato · The Dreamers Miami LLC
Typetownhomes
Built2007
Price / sqft$275
Est. value (own analysis)$682,326
Rent estimate (own analysis)$3,550/mo
HOA$189/mo
Wind10/10Extreme$Heat10/10ExtremeWildfire6/10MajorAir2/10MinorFlood1/10minimal$
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-07-27
Removed date
MLSMiamiMLS #A12060289
Coordinates25.71143, -80.45693
Address16292 SW 57th Ln
CityMiami
StateFL
Zip33193
Listing ID5666074251
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)

Purchase price$599,900
Down payment (20.0%)$119,980
Loan amount$479,920
Closing costs (5.0%)$29,995
Total cash to close$149,975
Rent (comp-derived)$3,550$42,600
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$42,600
Vacancy rate (assumption) assumption8.0%

$42,600 × 8.0% = $3,408

Effective gross income$3,266$39,192
Property tax (placeholder 1.9% of price)$950$11,398
Insurance (est. scaled by flood & wind risk)$600$7,199
HOA dues$189$2,268
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$178$2,130
Total operating expenses$1,916$22,995
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$39,192
Total operating expenses derived$22,995

$39,192 − $22,995 = $16,197

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$479,920
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$479,920 amortized at 6.7% over 30 years = $3,084/mo

CapEx reserve (5.0% of GSR)$178$2,130
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$16,197
Annual debt service derived$37,009
Annual CapEx reserve assumption$2,130
Annual PMI assumption$0

($16,197 − $37,009 − $2,130 − $0) ÷ 12 = -$1,912

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$16,197
Purchase price data$599,900

$16,197 ÷ $599,900 = 2.7%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$22,942
Total cash to close derived$149,975

-$22,942 ÷ $149,975 = -15.3%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$16,197
Annual debt service derived$37,009

$16,197 ÷ $37,009 = 0.44

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$42,600
Purchase price data$599,900

($42,600 ÷ 12) ÷ $599,900 = 0.6%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$599,900
Gross scheduled rent (annual) comp$42,600

$599,900 ÷ $42,600 = 14.1

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$22,995
Effective gross income derived$39,192

$22,995 ÷ $39,192 = 58.7%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$22,995
Annual debt service derived$37,009
Annual PMI assumption$0
Gross scheduled rent (annual) comp$42,600

($22,995 + $37,009 + $0) ÷ $42,600 = 140.9%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
townhomes431,708$3,6002026-08-11
townhomes441,644$3,4002026-03-27
townhomes431,991$3,7002026-09-01
townhomes431,826$3,5002026-09-01

7050 SW 164th Ct

Miami, 33193 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,708
Listed2026-08-11
Days on market

Asking rent: $3,600

View on Zillow →

7431 SW 163rd Pl

Miami, 33193 · rent comp

Bedrooms / bathrooms4 bd / 4 ba
Square footage1,644
Listed2026-03-27
Days on market

Asking rent: $3,400

View on Zillow →

16570 SW 70th St

Miami, 33193 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,991
Listed2026-09-01
Days on market

Asking rent: $3,700

View on Zillow →

7978 SW 166th Pl

Miami, 33193 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,826
Listed2026-09-01
Days on market

Asking rent: $3,500

View on Zillow →

Widened to any bedroom count in ZIP. 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
7426 SW 162nd Cttownhomes331,644$545,0002026-08-21
7240 SW 162nd Cttownhomes331,667$555,0002026-08-21
6323 SW 147th Place Cirtownhomes321,059$410,0002026-08-14
8618 SW 148th Pltownhomes321,283$425,0002026-07-31
7345 SW 148th Cttownhomes321,699$535,0002026-07-29
16236 SW 75th Sttownhomes321,667$550,0002026-07-24
8374 SW 152nd Ave Apt 47townhomes431,450$420,0002026-07-02
5982 SW 162nd Cttownhomes431,756$510,0002026-06-25
8745 SW 152nd Ave Apt 215townhomes231,120$310,0002026-06-22
5873026429townhomes331,820$515,0002026-06-15
7378 SW 162nd Pltownhomes331,644$545,0002026-06-12
15585 SW 76th Ln Unit A81-8townhomes321,240$390,0002026-06-11
7925 SW 153rd Cttownhomes321,177$450,0002026-06-11
8614 SW 147th Pltownhomes321,283$445,0002026-06-09
16382 SW 75th Sttownhomes221,160$479,0002026-06-01
7413 SW 162nd Pathtownhomes331,644$495,0002026-05-29
8749 SW 154th Circle Pl Unit 4Gtownhomes332,282$380,0002026-05-15
8500 SW 150th Avetownhomes321,230$345,0002026-05-06
16603 SW 79th Tertownhomes331,770$495,0002026-04-30
8720 SW 148th Pltownhomes221,124$455,0002026-04-13
15455 SW 74th Cir Ct Apt 1106townhomes231,210$276,0002026-04-13
8424 SW 148th Pltownhomes221,152$100,0002026-04-06
7197 SW 152nd Pltownhomes221,008$449,0002026-03-26
14733 SW 61st Tertownhomes221,059$275,0002026-03-24
14731 SW 61st Tertownhomes21983$310,0002026-03-24
16415 SW 73rd Tertownhomes321,667$522,0002026-03-20
16514 SW 68th Tertownhomes321,580$530,0002026-03-12
7161 SW 163rd Pltownhomes321,666$498,0002026-03-05
16394 SW 75th Sttownhomes331,667$520,0002026-02-24
7486 SW 162nd Cttownhomes331,644$510,0002026-02-18
16256 SW 57th Lntownhomes322,027$549,0002026-02-18

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
6732 SW 166th Ctsingle_family432,528$250,000
16011 SW 87th Tersingle_family431,790$550,000
6903 SW 158th Avesingle_family442,830$825,000
15905 SW 83rd Tersingle_family442,051$699,000
8246 SW 147th Ctsingle_family421,425$599,990
16474 SW 84th Stsingle_family432,080$725,000
6931 SW 159th Plsingle_family431,987$689,000
14851 SW 59th Stsingle_family421,544$699,950

10-year hold projection

IRR-0.1%
Equity multiple0.98x
Total return (10yr)$75,476
YearProperty valueNOICash flowLoan balanceEquity
1$617,897$16,197-$22,942$474,717$143,180
2$636,434$16,798-$22,394$469,156$167,278
3$655,527$17,420-$21,827$463,213$192,314
4$675,193$18,063-$21,240$456,862$218,330
5$695,449$18,729-$20,631$450,076$245,373
6$716,312$19,418-$20,001$442,823$273,489
7$737,801$20,130-$19,349$435,072$302,730
8$759,935$20,868-$18,674$426,788$333,147
9$782,733$21,630-$17,974$417,936$364,797
10$806,215$22,419-$17,250$408,476$397,739
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.