2298 SW 16th Ave
Miami, FL 33145 · single_family · For Sale · 70 days on market
Asking price$2,275,000
4 beds 4 baths 2,224 sqft
Suggested offer$1,220,820$1,054,180 above the est. market value of $1,220,820.
View on Realtor.com →Listed by Nancy Acosta · Vision Realty Of Miami
Typesingle_family
Built1934
Price / sqft$1023
Est. value (own analysis)$1,220,820
Rent estimate (own analysis)$8,000/mo
HOANone
1 / 16
Show every detail
Statusfor_sale
Listed date2026-06-25
Removed date—
MLSMiamiMLS #A12043014
Coordinates25.74916, -80.22005
Address2298 SW 16th Ave
CityMiami
StateFL
Zip33145
Listing ID6421554689
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33145)
Typical home value (ZHVI)$735,527
Typical rent (ZORI)$3,018/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 | $2,275,000 |
| Down payment (20.0%) | $455,000 |
| Loan amount | $1,820,000 |
| Closing costs (5.0%) | $113,750 |
| Total cash to close | $568,750 |
| Income | |
| Rent (comp-derived) | $8,000$96,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $7,360$88,320 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $3,602$43,225 |
| Insurance (placeholder 0.8% of price) | $1,517$18,200 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $400$4,800 |
| Total operating expenses | $5,519$66,225 |
| 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) | $400$4,800 |
| 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 |
|---|---|---|---|---|---|---|---|
| single_family | 4 | 3 | 1,900 | $10,000 | 2026-08-14 | — | |
| single_family | 4 | 4 | 2,080 | $9,450 | 2026-08-12 | — | |
| single_family | 4 | 5 | 2,594 | $7,000 | 2026-08-07 | — | |
| single_family | 4 | 3 | 1,588 | $6,000 | 2026-06-09 | — | |
| single_family | 4 | 3 | 1,788 | $7,600 | 2026-05-24 | — | |
| single_family | 4 | 3 | 2,050 | $10,000 | 2026-05-21 | — | |
| single_family | 4 | 2 | 1,876 | $4,950 | 2026-08-04 | — | |
| single_family | 4 | 3 | 2,799 | $8,000 | 2026-03-18 | — | |
| single_family | 4 | 4 | 2,436 | $16,000 | 2026-02-16 | — | |
| single_family | 4 | 5 | 2,500 | $10,500 | 2026-03-18 | — | |
| single_family | 4 | 3 | 1,769 | $5,000 | 2026-04-24 | — |
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 |
|---|---|---|---|---|---|---|
| 2225 SW 18th Ave | single_family | 4 | 5 | 3,733 | $2,350,000 | 2026-08-24 |
| 1366 SW 15th St | single_family | 4 | 4 | 2,947 | $2,350,000 | 2026-08-13 |
| 2220 SW 16th Ter | single_family | 4 | 3 | 1,968 | $600,000 | 2026-07-30 |
| 2200 SW 23rd Ter | single_family | 4 | 2 | 1,554 | $750,000 | 2026-07-24 |
| 1910 SW 33rd Ave | single_family | 4 | 3 | 2,368 | $2,100,000 | 2026-07-20 |
| 2367 SW 23rd Ter | single_family | 4 | 2 | 1,588 | $750,000 | 2026-07-10 |
| 1441 SW 17th St | single_family | 4 | 2 | 1,398 | $800,000 | 2026-06-15 |
| 1780 SW 23rd St | single_family | 4 | 4 | 1,590 | $750,000 | 2026-06-12 |
| 1971 SW 33rd Ave | single_family | 4 | 3 | 2,331 | $1,550,000 | 2026-06-03 |
| 1710 SW 13th St | single_family | 4 | 3 | 1,334 | $650,000 | 2026-06-02 |
| 1738 SW 17th St | single_family | 4 | 2 | 1,938 | $700,000 | 2026-05-22 |
| 2990 SW 20th St | single_family | 4 | 5 | 2,828 | $2,270,000 | 2026-05-04 |
| 3641 SW 13th Ter | single_family | 4 | 1 | 1,350 | $783,000 | 2026-04-20 |
| 3121 SW 20th St | single_family | 4 | 3 | 2,191 | $1,025,000 | 2026-03-24 |
| 1970 SW 32nd Pl | single_family | 4 | 3 | 2,056 | $1,495,000 | 2026-03-23 |
| 1352 SW 16th St | single_family | 4 | 4 | 2,774 | $975,000 | 2026-03-12 |
| 2291 SW 17th St | single_family | 4 | 3 | 2,142 | $1,200,000 | 2026-03-05 |
| 1931 Coral Gate Dr | single_family | 4 | 3 | 2,061 | $725,000 | 2026-02-23 |
| 1338 SW 14th St | single_family | 4 | 3 | 2,043 | $883,000 | 2026-02-19 |
| 2498 SW 19th Ter | single_family | 4 | 2 | 2,098 | $1,125,000 | 2026-02-17 |
| 3050 SW 21st St | single_family | 4 | 2 | 1,423 | $1,100,000 | 2026-02-12 |
| 1941 SW 18th St | single_family | 4 | 2 | 1,766 | $845,000 | 2026-01-28 |
| 3600 SW 1st Ave | single_family | 4 | 2 | 1,317 | $875,000 | 2026-01-23 |
| 1906 SW 17th Ct | single_family | 4 | 2 | 1,541 | $620,000 | 2026-01-05 |
| 2747 SW 19th Ter | single_family | 4 | 3 | 1,397 | $889,500 | 2025-12-23 |
| 1244 SW 14th St | single_family | 4 | 3 | 2,020 | $1,450,000 | 2025-12-10 |
| 3201 SW 19th Ter | single_family | 4 | 3 | 2,511 | $1,350,000 | 2025-12-03 |
| 2735 SW 19th St | single_family | 4 | 3 | 1,924 | $1,120,000 | 2025-12-01 |
| 3075 SW 19th St | single_family | 4 | 3 | 2,086 | $1,025,000 | 2025-11-10 |
| 1530 SW 24th Ave | single_family | 4 | 2 | 1,867 | $805,000 | 2025-11-10 |
| 1375 SW 17th Ter | single_family | 4 | 5 | 3,395 | $2,280,000 | 2025-10-22 |
| 1884 SW 16th St | single_family | 4 | 3 | 1,839 | $980,000 | 2025-10-14 |
| 2727 SW 20th St | single_family | 4 | 2 | 1,756 | $922,000 | 2025-09-26 |
| 3291 SW 16th Ln | single_family | 4 | 3 | 2,909 | $1,775,000 | 2025-09-26 |
| 2280 SW 16th Ct | single_family | 4 | 3 | 1,664 | $960,000 | 2025-09-23 |
| 2450 SW 23rd Ave | single_family | 4 | 3 | 2,836 | $1,900,000 | 2025-09-19 |
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 |
|---|---|---|---|---|---|---|
| 1501 SW 21st St | townhomes | 4 | 4 | 2,571 | $1,829,000 | — |
| 2745 SW 23rd Ter | townhomes | 4 | 5 | 2,909 | $1,645,000 | — |
| 1835 SW 18th St | single_family | 4 | 3 | 2,191 | $960,000 | — |
| 2364 SW 14th St | multi_family | 4 | 2 | 1,366 | $729,000 | — |
| 3575 SW 23rd St Unit 3575 | townhomes | 4 | 4 | 2,654 | $1,770,000 | — |
| 2222 SW 14th St Unit Right | townhomes | 4 | 4 | 2,736 | $1,779,000 | — |
| 2290 SW 13th St | condo_townhome_rowhome_coop | 4 | 5 | 3,544 | $2,750,000 | — |
| 2220 SW 14th St | townhomes | 4 | 4 | 2,969 | $1,749,000 | — |
10-year hold projection
IRR-4.5%
Equity multiple0.24x
Total return (10yr)-$133,385
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $2,343,250 | $22,095 | -$123,055 | $1,800,267 | $542,983 |
| 2 | $2,413,548 | $23,089 | -$122,181 | $1,779,179 | $634,368 |
| 3 | $2,485,954 | $24,121 | -$121,272 | $1,756,643 | $729,311 |
| 4 | $2,560,533 | $25,193 | -$120,326 | $1,732,560 | $827,973 |
| 5 | $2,637,349 | $26,305 | -$119,343 | $1,706,822 | $930,526 |
| 6 | $2,716,469 | $27,460 | -$118,321 | $1,679,317 | $1,037,152 |
| 7 | $2,797,963 | $28,658 | -$117,258 | $1,649,924 | $1,148,039 |
| 8 | $2,881,902 | $29,902 | -$116,154 | $1,618,511 | $1,263,391 |
| 9 | $2,968,359 | $31,192 | -$115,006 | $1,584,942 | $1,383,417 |
| 10 | $3,057,410 | $32,532 | -$113,813 | $1,549,068 | $1,508,342 |
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.