12590 NE 16th Ave Apt 605
North Miami, FL 33161 · condos · For Sale · 40 days on market
Asking price$147,000
1 beds 1 baths 725 sqft
Suggested offer$128,889$18,111 above the est. market value of $128,889.
View on Realtor.com →Listed by Patricia Pava · Keyes - Brickell
Typecondos
Built1969
Price / sqft$203
Est. value (own analysis)$128,889
Rent estimate (own analysis)$1,650/mo
HOA$791/mo
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Statusfor_sale
Listed date2026-07-24
Removed date—
MLSMiamiMLS #A12058713
Coordinates25.89206, -80.16671
Address12590 NE 16th Ave Apt 605
CityNorth Miami
StateFL
Zip33161
Listing ID6278610788
Sourceus-real-estate-listings, cached 2026-09-01
ZIP market snapshot (33161)
Typical home value (ZHVI)$498,596
Typical rent (ZORI)$2,323/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 | $147,000 |
| Down payment (20.0%) | $29,400 |
| Loan amount | $117,600 |
| Closing costs (5.0%) | $7,350 |
| Total cash to close | $36,750 |
| Income | |
| Rent (comp-derived) | $1,650$19,800 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,518$18,216 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $233$2,793 |
| Insurance (placeholder 0.8% of price) | $98$1,176 |
| HOA dues | $791$9,492 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $83$990 |
| Total operating expenses | $1,204$14,451 |
| 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) | $83$990 |
| 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
Same ZIP. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| apartment | 1 | 1 | 550 | $1,604 | 2025-03-04 | — | |
| condos | 1 | 1 | 813 | $1,500 | 2026-08-20 | — | |
| apartment | 1 | 1 | 733 | $2,087 | 2024-06-11 | — | |
| apartment | 1 | 1 | 550 | $1,725 | 2026-07-08 | — | |
| apartment | 1 | 1 | 680 | $2,100 | 2026-06-29 | — | |
| apartment | 1 | 1 | 600 | $1,500 | 2026-06-26 | — | |
| condos | 1 | 1 | 710 | $1,700 | 2026-04-27 | — | |
| condos | 1 | 1 | 792 | $1,700 | 2026-07-30 | — | |
| apartment | 1 | 1 | 800 | $1,850 | 2025-04-11 | — | |
| apartment | 1 | 1 | 739 | $1,707 | 2026-08-22 | — | |
| apartment | 1 | 1 | 739 | $1,707 | 2026-08-22 | — | |
| apartment | 1 | 1 | 775 | $1,761 | — | — | |
| apartment | 1 | 1 | 775 | $1,726 | — | — | |
| apartment | 1 | 1 | 500 | $1,480 | 2026-08-27 | — | |
| apartment | 1 | 1 | 500 | $1,575 | 2026-05-22 | — | |
| apartment | 1 | 1 | 800 | $1,625 | 2026-07-10 | — | |
| apartment | 1 | 1 | 750 | $1,650 | 2026-07-15 | — | |
| apartment | 1 | 1 | 750 | $1,750 | 2026-01-16 | — | |
| apartment | 1 | 1 | 500 | $1,500 | 2026-07-30 | — | |
| apartment | 1 | 1 | 600 | $1,375 | 2026-08-05 | — | |
| condos | 1 | 1 | 668 | $1,500 | 2026-07-03 | — | |
| condos | 1 | 1 | 860 | $1,475 | 2026-07-02 | — | |
| apartment | 1 | 1 | 815 | $1,650 | 2025-09-10 | — | |
| apartment | 1 | 1 | 700 | $1,650 | 2026-06-22 | — | |
| apartment | 1 | 1 | 750 | $1,200 | 2026-08-06 | — | |
| condos | 1 | 1 | 480 | $1,300 | 2026-08-26 | — | |
| condos | 1 | 1 | 720 | $1,525 | 2026-08-04 | — | |
| condos | 1 | 1 | 668 | $1,600 | 2026-08-23 | — | |
| condos | 1 | 1 | 816 | $1,590 | 2026-07-10 | — | |
| apartment | 1 | 1 | 482 | $1,600 | 2026-08-25 | — | |
| apartment | 1 | 1 | 600 | $1,400 | 2026-05-01 | — | |
| condos | 1 | 1 | 782 | $1,750 | 2026-06-22 | — | |
| condos | 1 | 1 | 770 | $1,595 | 2026-07-13 | — | |
| condos | 1 | 1 | 782 | $1,850 | 2026-07-31 | — | |
| condos | 1 | 1 | 782 | $1,690 | 2026-08-10 | — | |
| condos | 1 | 1 | 782 | $1,950 | 2026-01-27 | — | |
| apartment | 1 | 1 | 620 | $1,800 | 2026-07-06 | — | |
| condos | 1 | 1 | 710 | $1,600 | 2025-11-21 | — | |
| condos | 1 | 1 | 666 | $1,650 | 2026-06-30 | — | |
| condos | 1 | 2 | 693 | $1,500 | 2026-07-10 | — | |
| condos | 1 | 1 | 668 | $1,500 | 2026-07-07 | — | |
| condos | 1 | 1 | 900 | $1,600 | 2026-07-27 | — | |
| apartment | 1 | 1 | 683 | $1,500 | 2026-08-12 | — | |
| condos | 1 | 1 | 816 | $1,650 | 2026-08-11 | — | |
| apartment | 1 | 1 | 700 | $1,625 | 2026-06-17 | — | |
| condos | 1 | 1 | 761 | $1,450 | 2026-04-15 | — | |
| condos | 1 | 1 | 750 | $1,800 | 2026-08-03 | — | |
| condos | 1 | 2 | 882 | $1,600 | 2026-07-19 | — | |
| condos | 1 | 1 | 878 | $1,600 | 2026-05-28 | — | |
| condos | 1 | 2 | 691 | $1,600 | 2026-03-30 | — | |
| condos | 1 | 1 | 605 | $1,500 | 2026-04-27 | — | |
| condos | 1 | 1 | 900 | $1,950 | 2026-07-10 | — | |
| condos | 1 | 1 | 510 | $1,600 | 2026-05-22 | — | |
| condos | 1 | 1 | 696 | $1,500 | 2026-08-03 | — | |
| condos | 1 | 2 | 738 | $1,650 | 2026-04-09 | — | |
| condos | 1 | 2 | 900 | $1,900 | 2026-07-06 | — | |
| condos | 1 | 1 | 734 | $1,700 | 2026-08-04 | — | |
| condos | 1 | 1 | 725 | $1,600 | 2026-05-12 | — | |
| condos | 1 | 2 | 900 | $1,700 | 2026-07-16 | — | |
| apartment | 1 | 1 | 785 | $1,700 | 2026-07-24 | — | |
| condos | 1 | 1 | 696 | $1,595 | 2026-08-05 | — | |
| condos | 1 | 1 | 666 | $1,750 | 2026-06-17 | — | |
| apartment | 1 | 1 | 815 | $1,700 | 2025-06-12 | — | |
| apartment | 1 | 1 | 600 | $1,700 | 2026-07-07 | — | |
| condos | 1 | 1 | 784 | $1,650 | 2026-05-08 | — | |
| condos | 1 | 2 | 820 | $1,650 | 2026-03-11 | — | |
| apartment | 1 | 1 | 800 | $2,750 | 2026-04-22 | — | |
| apartment | 1 | 1 | 792 | $1,500 | — | — | |
| condos | 1 | 1 | 792 | $1,650 | 2026-09-01 | — | |
| apartment | 1 | 1 | 575 | $1,500 | — | — | |
| apartment | 1 | 1 | 676 | $1,600 | — | — | |
| apartment | 1 | 1 | 703 | $3,000 | — | — | |
| apartment | 1 | 1 | 775 | $1,766 | — | — | |
| apartment | 1 | 1 | 550 | $1,701 | — | — | |
| apartment | 1 | 1 | 750 | $1,836 | — | — | |
| apartment | 1 | 1 | 750 | $1,881 | — | — | |
| apartment | 1 | 1 | 750 | $1,841 | — | — | |
| apartment | 1 | 1 | 775 | $1,871 | — | — | |
| apartment | 1 | 1 | 750 | $1,861 | — | — | |
| apartment | 1 | 1 | 750 | $1,896 | — | — | |
| apartment | 1 | 1 | 750 | $1,886 | — | — | |
| apartment | 1 | 1 | 750 | $1,836 | — | — | |
| apartment | 1 | 1 | 775 | $1,781 | — | — | |
| apartment | 1 | 1 | 775 | $1,761 | — | — | |
| apartment | 1 | 1 | 733 | $2,349 | — | — | |
| apartment | 1 | 1 | 733 | $2,583 | — | — | |
| apartment | 1 | 1 | 733 | $2,553 | — | — | |
| condos | 1 | 1 | 668 | $1,850 | 2024-09-04 | — | |
| apartment | 1 | 1 | 680 | $1,650 | 2023-05-16 | — | |
| apartment | 1 | 1 | 720 | $2,050 | 2025-06-23 | — | |
| apartment | 1 | 1 | 608 | $1,395 | 2026-01-27 | — | |
| condos | 1 | 2 | 640 | $1,800 | 2026-08-31 | — | |
| condos | 1 | 1 | 860 | $1,600 | 2026-09-02 | — |
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 |
|---|---|---|---|---|---|---|
| 1250 NE 125th St Unit 311C | condos | 1 | 2 | 820 | $137,280 | 2026-08-18 |
| 1465 NE 123rd St Apt 714 | condos | 1 | 1 | 750 | $125,000 | 2026-07-17 |
| 12890 NE 8th Ave Apt 203 | condos | 1 | 1 | 714 | $146,000 | 2026-07-17 |
| 1470 NE 125th Ter Apt 308 | condos | 1 | 2 | 900 | $160,000 | 2026-06-26 |
| 1475 NE 125th Ter Unit 301A | condos | 1 | 1 | 766 | $116,122 | 2026-06-18 |
| 1470 NE 123rd St Unit A813 | condos | 1 | 1 | 782 | $158,500 | 2026-06-12 |
| 1470 NE 125th Ter Apt 802 | condos | 1 | 1 | 875 | $90,000 | 2026-06-09 |
| 6316897921 | condos | 1 | 1 | 710 | $205,000 | 2026-06-03 |
| 13500 NE 3rd Ct Apt 419 | condos | 1 | 2 | 691 | $104,000 | 2026-04-22 |
| 1470 NE 125th Ter Apt 810 | condos | 1 | 1 | 875 | $95,000 | 2026-04-21 |
| 13500 NE 3rd Ct Apt 408 | condos | 1 | 2 | 691 | $70,000 | 2026-04-10 |
| 13500 NE 3rd Ct Apt 217 | condos | 1 | 2 | 691 | $120,000 | 2026-03-10 |
| 1470 NE 123rd St Unit A603 | condos | 1 | 1 | 782 | $156,000 | 2026-02-23 |
| 1465 NE 123rd St Apt 501 | condos | 1 | 1 | 900 | $130,000 | 2026-02-06 |
| 12035 NE 2nd Ave Unit A417 | condos | 1 | 1 | 816 | $150,000 | 2025-12-18 |
| 1251 NE 108th St Apt 810 | condos | 1 | 1 | 710 | $215,000 | 2025-12-17 |
| 1465 NE 123rd St Apt 814 | condos | 1 | 1 | 750 | $170,000 | 2025-11-26 |
| 1250 NE 125th St Unit 410C | condos | 1 | 2 | 820 | $155,000 | 2025-10-08 |
| 13655 NE 10th Ave Apt 108 | condos | 1 | 1 | 560 | $123,000 | 2025-09-29 |
| 365 NE 125th St Apt 302 | condos | 1 | 2 | 710 | $175,000 | 2025-09-15 |
| 770 NE 128th St Apt 303 | condos | 1 | 1 | 661 | $105,000 | 2025-09-15 |
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 |
|---|---|---|---|---|---|---|
| 1370 NE 119th St Unit 137021 | condos | 1 | 1 | 813 | $129,000 | — |
| 13101 Memorial Highway 201 | condos | 1 | 1 | 615 | $130,000 | — |
| 1251 NE 108th St Apt 409 | condos | 1 | 1 | 710 | $195,000 | — |
| 1251 NE 108th St Apt 617 | condos | 1 | 1 | 710 | $207,000 | — |
| 1370 NE 119th St Unit 137015 | condos | 1 | 1 | 813 | $156,900 | — |
| 1370 NE 119th St Unit 137014 | condos | 1 | 1 | 813 | $160,000 | — |
| 12105 NE 6th Ave Apt 304 | condos | 1 | 1 | 779 | $150,000 | — |
| 1225 NE 124th St Apt 46A | condos | 1 | 1 | 696 | $125,000 | — |
10-year hold projection
IRR-1.0%
Equity multiple0.84x
Total return (10yr)$13,209
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $151,410 | $3,765 | -$6,294 | $116,325 | $35,085 |
| 2 | $155,952 | $3,950 | -$6,133 | $114,962 | $40,990 |
| 3 | $160,631 | $4,143 | -$5,966 | $113,506 | $47,125 |
| 4 | $165,450 | $4,343 | -$5,792 | $111,950 | $53,500 |
| 5 | $170,413 | $4,551 | -$5,610 | $110,287 | $60,126 |
| 6 | $175,526 | $4,767 | -$5,421 | $108,510 | $67,016 |
| 7 | $180,791 | $4,992 | -$5,225 | $106,610 | $74,181 |
| 8 | $186,215 | $5,226 | -$5,020 | $104,581 | $81,635 |
| 9 | $191,802 | $5,468 | -$4,807 | $102,412 | $89,390 |
| 10 | $197,556 | $5,720 | -$4,585 | $100,093 | $97,462 |
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.