14000 SW 216th St
Miami, FL 33170 · single_family · For Sale · 9 days on market
Asking price$1,650,000
2 beds 1 baths 2,993 sqft
Suggested offer$1,112,348$537,652 above the est. market value of $1,112,348.
View on Realtor.com →Listed by Lesli Burkhead (CRS) · Keyes - Homestead
Typesingle_family
Built1910
Price / sqft$551
Est. value (own analysis)$1,112,348
Rent estimate (own analysis)$2,975/mo
HOANone
1 / 51
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Statusfor_sale
Listed date2026-08-24
Removed date—
MLSMiamiMLS #A12066916
Coordinates25.56494, -80.41871
Address14000 SW 216th St
CityMiami
StateFL
Zip33170
Listing ID5798248203
Sourceus-real-estate-listings, cached 2026-09-01
ZIP market snapshot (33170)
Typical home value (ZHVI)$572,990
Typical rent (ZORI)$2,406/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 | $1,650,000 |
| Down payment (20.0%) | $330,000 |
| Loan amount | $1,320,000 |
| Closing costs (5.0%) | $82,500 |
| Total cash to close | $412,500 |
| Income | |
| Rent (comp-derived) | $2,975$35,700 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,737$32,844 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,613$31,350 |
| Insurance (placeholder 0.8% of price) | $1,100$13,200 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $149$1,785 |
| Total operating expenses | $3,861$46,335 |
| 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) | $149$1,785 |
| 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
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| single_family | 2 | 2 | 2,520 | $2,950 | 2026-08-20 | — | |
| single_family | 2 | 2 | 1,240 | $2,275 | 2026-08-20 | — | |
| single_family | 2 | 2 | 1,205 | $3,400 | 2026-08-12 | — | |
| single_family | 2 | 2 | 1,380 | $3,000 | 2026-08-12 | — |
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 |
|---|---|---|---|---|---|---|
| 10955 SW 217th Ter | single_family | 2 | 1 | 918 | $445,000 | 2026-08-21 |
| 10930 SW 216th St | single_family | 2 | 1 | 720 | $220,000 | 2026-07-29 |
| 13251 SW 224th St | single_family | 2 | 1 | 3,322 | $845,000 | 2026-07-06 |
| 23060 SW 155th Ave | single_family | 2 | 1 | 1,376 | $545,000 | 2026-06-26 |
| 22300 SW 109th Ave | single_family | 2 | 2 | 1,296 | $450,000 | 2026-05-22 |
| 21640 SW 119th Ave | single_family | 2 | 1 | 572 | $280,000 | 2026-02-23 |
| 16530 SW 232nd St | single_family | 2 | 1 | 2,362 | $1,200,000 | 2025-12-02 |
| 23100 SW 123rd Ave | single_family | 2 | 1 | 837 | $215,000 | 2025-11-05 |
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 |
|---|---|---|---|---|---|---|
| 21625 SW 109th Ave | single_family | 2 | 1 | 920 | $475,000 | — |
| 17350 SW 232nd St Lot 41 | single_family | 2 | 1 | 672 | $35,900 | — |
| 17350 SW 232nd St Lot 47 | mobile | 2 | 2 | 2,201 | $85,000 | — |
| 10785 SW 217th St | single_family | 2 | 1 | 1,398 | $528,910 | — |
10-year hold projection
IRR-9.0%
Equity multiple-0.53x
Total return (10yr)-$416,545
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,699,500 | -$13,491 | -$117,068 | $1,305,688 | $393,812 |
| 2 | $1,750,485 | -$13,664 | -$117,286 | $1,290,394 | $460,091 |
| 3 | $1,803,000 | -$13,837 | -$117,504 | $1,274,049 | $528,951 |
| 4 | $1,857,090 | -$14,008 | -$117,723 | $1,256,581 | $600,508 |
| 5 | $1,912,802 | -$14,179 | -$117,941 | $1,237,915 | $674,888 |
| 6 | $1,970,186 | -$14,349 | -$118,160 | $1,217,966 | $752,220 |
| 7 | $2,029,292 | -$14,517 | -$118,379 | $1,196,647 | $832,645 |
| 8 | $2,090,171 | -$14,684 | -$118,598 | $1,173,865 | $916,306 |
| 9 | $2,152,876 | -$14,849 | -$118,816 | $1,149,518 | $1,003,358 |
| 10 | $2,217,462 | -$15,012 | -$119,033 | $1,123,499 | $1,093,963 |
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.