16120 E Troon Cir
Miami Lakes, FL 33014 · single_family · Pending — under contract · 52 days on market
Asking price$1,350,000
5 beds 3 baths 3,033 sqft
Suggested offer$1,081,912$268,088 above the est. market value of $1,081,912.
View on Realtor.com →Listed by Angelo Rodriguez · Agr Realty Llc
Typesingle_family
Built1971
Price / sqft$445
Est. value (own analysis)$1,081,912
Rent estimate (own analysis)$5,950/mo
HOA$8/mo
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Statusfor_sale
Listed date2026-07-12
Removed date—
MLSMiamiMLS #A12052222
Coordinates25.91998, -80.31454
Address16120 E Troon Cir
CityMiami Lakes
StateFL
Zip33014
Listing ID6102928252
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)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $1,350,000 |
| Down payment (20.0%) | $270,000 |
| Loan amount | $1,080,000 |
| Closing costs (5.0%) | $67,500 |
| Total cash to close | $337,500 |
| Income | |
| Rent (comp-derived) | $5,950$71,400 |
| Vacancy loss (8.0%) | |
| Effective gross income | $5,474$65,688 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,138$25,650 |
| Insurance (placeholder 0.8% of price) | $900$10,800 |
| HOA dues | $8$96 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $298$3,570 |
| Total operating expenses | $3,343$40,116 |
| 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) | $298$3,570 |
| 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 | 5 | 3 | 2,234 | $4,500 | — | — | |
| single_family | 5 | 5 | 3,544 | $5,500 | 2026-08-01 | — | |
| single_family | 5 | 3 | 3,153 | $7,000 | 2026-07-27 | — | |
| single_family | 5 | 3 | 2,145 | $5,950 | 2026-08-28 | — | |
| single_family | 5 | 3 | 2,494 | $8,500 | 2026-08-29 | — |
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 |
|---|---|---|---|---|---|---|
| 1082 W 71st St | single_family | 5 | 2 | 2,807 | $800,000 | 2026-06-22 |
| 7605 W 6th Ave | single_family | 5 | 2 | 2,215 | $699,900 | 2026-04-30 |
| 955 W 72nd Pl | single_family | 5 | 4 | 2,374 | $575,000 | 2026-03-30 |
| 1243 W 78th St | single_family | 5 | 3 | 2,092 | $750,000 | 2026-03-30 |
| 8031 W 14th Ct | single_family | 5 | 3 | 2,495 | $890,000 | 2025-12-26 |
| 14940 Egan Ln | single_family | 5 | 4 | 2,850 | $1,260,000 | 2025-12-14 |
| 15950 W Prestwick Pl | single_family | 5 | 2 | 4,610 | $1,765,000 | 2025-12-02 |
| 6860 Miami Lakes Dr | single_family | 5 | 3 | 2,227 | $925,000 | 2025-11-17 |
| 5908098755 | single_family | 5 | 4 | 2,320 | $726,000 | 2025-11-13 |
| 16100 W Prestwick Pl | single_family | 5 | 3 | 4,168 | $1,500,000 | 2025-11-12 |
| 620 W 70th Pl | single_family | 5 | 2 | 2,159 | $660,000 | 2025-10-02 |
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.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 8197 W 14th Ct | single_family | 5 | 3 | 2,306 | $949,000 | — |
| 7355 Poinciana Ct | single_family | 5 | 3 | 2,209 | $935,000 | — |
| 7850 W 16th Ave | single_family | 5 | 4 | 2,182 | $787,000 | — |
| 6750 White Oak Dr | single_family | 5 | 4 | 1,940 | $1,000,000 | — |
| 15761 Turnberry Dr | single_family | 5 | 3 | 3,724 | $2,450,000 | — |
| 1314 W 77th St | single_family | 5 | 5 | 2,574 | $799,900 | — |
10-year hold projection
IRR-2.2%
Equity multiple0.64x
Total return (10yr)$55,824
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,390,500 | $25,572 | -$61,282 | $1,068,290 | $322,210 |
| 2 | $1,432,215 | $26,540 | -$60,404 | $1,055,777 | $376,438 |
| 3 | $1,475,181 | $27,542 | -$59,494 | $1,042,404 | $432,778 |
| 4 | $1,519,437 | $28,579 | -$58,550 | $1,028,112 | $491,325 |
| 5 | $1,565,020 | $29,652 | -$57,573 | $1,012,840 | $552,180 |
| 6 | $1,611,971 | $30,763 | -$56,561 | $996,518 | $615,453 |
| 7 | $1,660,330 | $31,913 | -$55,512 | $979,076 | $681,254 |
| 8 | $1,710,140 | $33,103 | -$54,425 | $960,435 | $749,704 |
| 9 | $1,761,444 | $34,334 | -$53,300 | $940,515 | $820,929 |
| 10 | $1,814,287 | $35,609 | -$52,134 | $919,227 | $895,060 |
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.