7850 W 16th Ave

Hialeah, FL 33014 · single_family · For Sale · 61 days on market
Asking price$787,000
5 beds 4 baths 2,182 sqft
Suggested offer$778,349$8,651 above the est. market value of $778,349.
View on Realtor.com →
Listed by an agent · My FL Home, LLC.
Typesingle_family
Built1968
Price / sqft$361
Est. value (own analysis)$778,349
Rent estimate (own analysis)$5,000/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeAir2/10MinorFlood1/10minimal$Wildfire1/10Minimal
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Neighborhood

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Statusfor_sale
Listed date2026-07-03
Removed date
MLSMiamiMLS #A12047474
Coordinates25.89385, -80.31630
Address7850 W 16th Ave
CityHialeah
StateFL
Zip33014
Listing ID6032231610
Sourceus-real-estate-listings, cached 2026-08-28

ZIP market snapshot (33014)

Typical home value (ZHVI)$442,718
Typical rent (ZORI)$2,327/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$787,000
Down payment (20.0%)$157,400
Loan amount$629,600
Closing costs (5.0%)$39,350
Total cash to close$196,750
Rent (comp-derived)$5,000$60,000
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$60,000
Vacancy rate (assumption) assumption8.0%

$60,000 × 8.0% = $4,800

Effective gross income$4,600$55,200
Property tax (placeholder 1.9% of price)$1,246$14,953
Insurance (est. scaled by flood & wind risk)$787$9,444
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$250$3,000
Total operating expenses$2,283$27,397
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$55,200
Total operating expenses derived$27,397

$55,200 − $27,397 = $27,803

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$629,600
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$629,600 amortized at 6.7% over 30 years = $4,046/mo

CapEx reserve (5.0% of GSR)$250$3,000
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$27,803
Annual debt service derived$48,552
Annual CapEx reserve assumption$3,000
Annual PMI assumption$0

($27,803 − $48,552 − $3,000 − $0) ÷ 12 = -$1,979

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$27,803
Purchase price data$787,000

$27,803 ÷ $787,000 = 3.5%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$23,749
Total cash to close derived$196,750

-$23,749 ÷ $196,750 = -12.1%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$27,803
Annual debt service derived$48,552

$27,803 ÷ $48,552 = 0.57

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$60,000
Purchase price data$787,000

($60,000 ÷ 12) ÷ $787,000 = 0.6%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$787,000
Gross scheduled rent (annual) comp$60,000

$787,000 ÷ $60,000 = 13.1

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$27,397
Effective gross income derived$55,200

$27,397 ÷ $55,200 = 49.6%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$27,397
Annual debt service derived$48,552
Annual PMI assumption$0
Gross scheduled rent (annual) comp$60,000

($27,397 + $48,552 + $0) ÷ $60,000 = 126.6%

Comparables

Widened to city-wide. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family532,540$3,920
single_family541,769$5,450
single_family521,750$4,9002026-07-01
single_family552,759$5,1002026-08-07
single_family552,909$5,9002026-08-04
single_family532,263$4,200

623 W 63rd Dr

Hialeah, 33012 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage2,540
Listed
Days on market

Asking rent: $3,920

View on Zillow →

5862 W 2nd Ct

Hialeah, 33012 · rent comp

Bedrooms / bathrooms5 bd / 4 ba
Square footage1,769
Listed
Days on market

Asking rent: $5,450

View on Zillow →

3455 E 1st Ct Unit 3455

Hialeah, 33013 · rent comp

Bedrooms / bathrooms5 bd / 2 ba
Square footage1,750
Listed2026-07-01
Days on market

Asking rent: $4,900

View on Zillow →

8843 W 34th Ave

Hialeah, 33018 · rent comp

Bedrooms / bathrooms5 bd / 5 ba
Square footage2,759
Listed2026-08-07
Days on market

Asking rent: $5,100

View on Zillow →

10614 W 35th Ln

Hialeah, 33018 · rent comp

Bedrooms / bathrooms5 bd / 5 ba
Square footage2,909
Listed2026-08-04
Days on market

Asking rent: $5,900

View on Zillow →

11035 W 35th Way # 11035

Hialeah, 33018 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage2,263
Listed
Days on market

Asking rent: $4,200

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
1082 W 71st Stsingle_family522,807$800,0002026-06-22
7605 W 6th Avesingle_family522,215$699,9002026-04-30
955 W 72nd Plsingle_family542,374$575,0002026-03-30
1243 W 78th Stsingle_family532,092$750,0002026-03-30
8031 W 14th Ctsingle_family532,495$890,0002025-12-26
14940 Egan Lnsingle_family542,850$1,260,0002025-12-14
15950 W Prestwick Plsingle_family524,610$1,765,0002025-12-02
6860 Miami Lakes Drsingle_family532,227$925,0002025-11-17
5908098755single_family542,320$726,0002025-11-13
16100 W Prestwick Plsingle_family534,168$1,500,0002025-11-12
620 W 70th Plsingle_family522,159$660,0002025-10-02

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
8197 W 14th Ctsingle_family532,306$949,000
7355 Poinciana Ctsingle_family532,209$935,000
6750 White Oak Drsingle_family541,940$1,000,000
15761 Turnberry Drsingle_family533,724$2,450,000
16120 E Troon Cirsingle_family533,033$1,350,000
1314 W 77th Stsingle_family552,574$799,900

10-year hold projection

IRR2.1%
Equity multiple1.35x
Total return (10yr)$171,127
YearProperty valueNOICash flowLoan balanceEquity
1$810,610$27,803-$23,749$622,774$187,836
2$834,928$28,774-$22,853$615,479$219,450
3$859,976$29,778-$21,926$607,683$252,293
4$885,775$30,815-$20,967$599,351$286,424
5$912,349$31,887-$19,976$590,448$321,901
6$939,719$32,995-$18,951$580,933$358,786
7$967,911$34,140-$17,891$570,765$397,146
8$996,948$35,323-$16,795$559,898$437,050
9$1,026,857$36,545-$15,662$548,285$478,571
10$1,057,662$37,808-$14,490$535,875$521,787
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.