16330 Oak Walk

Miami Lakes, FL 33014 · townhomes · For Sale · 21 days on market
Asking price$390,000
1 beds 2 baths 792 sqft
Suggested offer$257,970$132,030 above the est. market value of $257,970.
View on Realtor.com →
Listed by Lynn Ancel Matos · RE/MAX Advance Realty II
Typetownhomes
Built1978
Price / sqft$492
Est. value (own analysis)$257,970
Rent estimate (Zillow ZIP avg)$2,327/mo
HOA$85/mo
Wind10/10Extreme$Heat10/10ExtremeFlood3/10moderate$Air2/10MinorWildfire1/10Minimal
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-08-12
Removed date
MLSMiamiMLS #A12068902
Coordinates25.92184, -80.30756
Address16330 Oak Walk
CityMiami Lakes
StateFL
Zip33014
Listing ID6138098680
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$390,000
Down payment (20.0%)$78,000
Loan amount$312,000
Closing costs (5.0%)$19,500
Total cash to close$97,500
Rent (ZIP avg, ZORI — not bedroom-specific)$2,327$27,920
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$27,920
Vacancy rate (assumption) assumption8.0%

$27,920 × 8.0% = $2,234

Effective gross income$2,141$25,686
Property tax (placeholder 1.9% of price)$618$7,410
Insurance (est. scaled by flood & wind risk)$416$4,992
HOA dues$85$1,020
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$116$1,396
Total operating expenses$1,235$14,818
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$25,686
Total operating expenses derived$14,818

$25,686 − $14,818 = $10,868

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$312,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$312,000 amortized at 6.7% over 30 years = $2,005/mo

CapEx reserve (5.0% of GSR)$116$1,396
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$10,868
Annual debt service derived$24,060
Annual CapEx reserve assumption$1,396
Annual PMI assumption$0

($10,868 − $24,060 − $1,396 − $0) ÷ 12 = -$1,216

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$10,868
Purchase price data$390,000

$10,868 ÷ $390,000 = 2.8%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$14,588
Total cash to close derived$97,500

-$14,588 ÷ $97,500 = -15.0%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$10,868
Annual debt service derived$24,060

$10,868 ÷ $24,060 = 0.45

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$27,920
Purchase price data$390,000

($27,920 ÷ 12) ÷ $390,000 = 0.6%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$390,000
Gross scheduled rent (annual) comp$27,920

$390,000 ÷ $27,920 = 14.0

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$14,818
Effective gross income derived$25,686

$14,818 ÷ $25,686 = 57.7%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$14,818
Annual debt service derived$24,060
Annual PMI assumption$0
Gross scheduled rent (annual) comp$27,920

($14,818 + $24,060 + $0) ÷ $27,920 = 139.2%

Comparables

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

No active rental listings cached yet for this bedroom count.

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
7310 W 3rd Avetownhomes331,606$375,0002026-07-31
16613 NW 71st Avetownhomes331,258$430,0002026-07-31
515 W 68th St Apt 3townhomes22930$310,0002026-07-28
7130 Fairway Dr Apt L26townhomes221,156$320,0002026-07-16
6386 Milk Wagon Lntownhomes221,275$505,0002026-07-15
7205 W 2nd Lntownhomes231,452$335,0002026-07-09
16618 NW 71st Avetownhomes231,260$469,0002026-07-08
1789 W 72nd Sttownhomes331,769$545,0002026-06-19
1819 W 68th Sttownhomes221,380$465,0002026-06-18
1675 W 72nd Sttownhomes221,314$440,0002026-06-18
6832 W 2nd Cttownhomes331,606$495,0002026-06-08
6448 Windmill Gate Rdtownhomes22972$432,0002026-06-04
16341 Wood Walktownhomes22882$415,0002026-05-29
6610 E Miami Lakes Drtownhomes22790$379,0002026-05-19
6916 NW 166th Ter Unit 1204townhomes321,270$384,5002026-05-15
7725 W 10th Avetownhomes321,151$490,0002026-05-14
6389 Cotton Tail Rdtownhomes22972$393,0002026-05-06
1594 W 73rd Sttownhomes321,008$530,0002026-05-01
7020 Crown Gate Drtownhomes221,460$551,0002026-04-30
6895 W 16th Drtownhomes321,428$450,0002026-04-24
15533 Miami Lakeway N Apt 106townhomes321,288$425,0002026-04-21
7184 W 2nd Cttownhomes231,452$450,0002026-04-15
7090 W 2nd Cttownhomes321,606$490,0002026-04-14
1647 W 72nd Sttownhomes221,314$400,0002026-04-01
7385 Big Cypress Cttownhomes321,333$350,0002026-03-31
7006 Loch Isle Dr Ntownhomes432,205$600,0002026-03-20
6742 Kingsmoor Waytownhomes221,460$385,0002026-03-16
6442 Milk Wagon Lntownhomes221,275$485,0002026-03-12
7429 Big Cypress Drtownhomes11802$275,0002026-03-11
6923 Holly Rdtownhomes321,445$570,0002026-03-05
15915 Kingsmoor Way Unit 15915townhomes321,460$501,1502026-02-27
6822 W 2nd Lntownhomes331,606$485,0002026-02-24
6925 W 3rd Avetownhomes331,452$400,0002026-02-20
1680 W 72nd Sttownhomes221,344$330,0002026-02-20
1925 W 72nd Sttownhomes321,520$472,0002026-02-13
877 W 79th Pltownhomes321,747$484,0002026-02-12
6417 Windmill Gate Rdtownhomes221,275$475,0002026-02-09
6460 Milk Wagon Lntownhomes221,275$480,0002026-02-09
1732 W 72nd St Unit 1732townhomes321,438$440,0002026-02-03
765 W 80th Sttownhomes321,280$420,0002026-02-03
15442 Kippford Cttownhomes422,190$560,0002026-02-02
6915 W 16th Drtownhomes321,428$420,0002026-01-16
7305 W 2nd Cttownhomes331,606$480,0002026-01-07
7048 W 17th Cttownhomes221,250$450,0002025-12-30
810 W 80th Pltownhomes321,278$415,0002025-12-22
6855 W 2nd Lntownhomes321,606$475,0002025-12-18
7380 Big Cypress Drtownhomes331,740$635,0002025-12-08
7308 Jacaranda Lntownhomes221,305$505,0002025-12-01
7174 W 2nd Lntownhomes231,452$380,0002025-11-25
15512 Sharpecroft Drtownhomes321,460$477,0002025-11-25

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
7155 Miami Lakes Dr Apt P4condos11544$245,000
606 W 81st St Apt 323condos11600$175,000
7200 Fairway Dr Apt H12condos11672$219,000
7208 Fairway Dr Apt I11condos11672$230,000
7155 Miami Lakes Dr Apt P16condos11544$212,500
606 W 81st St Apt 224condos11600$185,000
8005 W Six Ave Unit Bcondos11590$198,900
1900 W 68th St Apt D207condos12820$220,000

10-year hold projection

IRR0.1%
Equity multiple1.02x
Total return (10yr)$52,786
YearProperty valueNOICash flowLoan balanceEquity
1$401,700$10,868-$14,588$308,617$93,083
2$413,751$11,268-$14,223$305,002$108,749
3$426,164$11,682-$13,844$301,139$125,025
4$438,948$12,111-$13,453$297,010$141,938
5$452,117$12,554-$13,047$292,598$159,519
6$465,680$13,012-$12,627$287,883$177,798
7$479,651$13,486-$12,193$282,844$196,807
8$494,040$13,977-$11,743$277,459$216,582
9$508,862$14,484-$11,277$271,704$237,158
10$524,127$15,009-$10,794$265,554$258,574
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.