Listed by Ana Rodriguez · Florida Realty & Management Corp
Typecondos
Built1979
Price / sqft$477
Est. value (own analysis)$154,368
Rent estimate (own analysis)$2,038/mo
HOA$479/mo
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Statusfor_sale
Listed date2025-12-05
Removed date—
MLSMiamiMLS #A11918692
Coordinates25.93096, -80.12501
Address16909 N Bay Rd Apt 805
CitySunny Isles Beach
StateFL
Zip33160
Listing ID6513717033
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33160)
Typical home value (ZHVI)$518,452
Typical rent (ZORI)$3,079/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
$305,000
Down payment (20.0%)
$61,000
Loan amount
$244,000
Closing costs (5.0%)
$15,250
Total cash to close
$76,250
Income
Rent (comp-derived)
$2,038$24,450
Vacancy loss (8.0%)
Effective gross income
$1,875$22,494
Operating expenses
Property tax (placeholder 1.9% of price)
$483$5,795
Insurance (placeholder 0.8% of price)
$203$2,440
HOA dues
$479$5,748
Management (0.0% of EGI)
$0$0
Maintenance (5.0% of GSR)
$102$1,223
Total operating expenses
$1,267$15,206
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)
$102$1,223
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
820
$1,919
2024-06-11
—
apartment
1
1
810
$1,757
2025-03-07
—
apartment
1
1
770
$2,211
2025-02-18
—
apartment
1
1
833
$2,200
2026-06-16
—
condos
1
2
767
$1,700
2026-05-06
—
condos
1
2
767
$1,800
2026-07-20
—
condos
1
1
768
$1,650
2026-07-09
—
condos
1
2
725
$1,850
2026-08-17
—
condos
1
1
640
$1,800
2026-08-26
—
condos
1
1
546
$1,700
2026-08-05
—
condos
1
1
768
$1,550
2026-08-10
—
condos
1
1
763
$1,750
2026-08-10
—
condos
1
2
725
$1,800
2026-07-16
—
condos
1
1
544
$1,850
2026-08-24
—
condos
1
2
767
$1,870
2026-07-26
—
condos
1
1
768
$1,850
2026-07-21
—
condos
1
1
720
$2,050
2026-08-15
—
condos
1
2
725
$1,800
2026-06-28
—
condos
1
1
800
$2,236
2026-08-26
—
condos
1
2
767
$2,150
2026-08-26
—
condos
1
1
827
$2,356
2026-08-15
—
condos
1
2
767
$2,000
2026-08-25
—
condos
1
1
705
$1,850
2026-08-16
—
condos
1
1
763
$1,700
2026-05-09
—
condos
1
1
767
$2,000
2026-08-21
—
condos
1
2
792
$1,650
2026-08-24
—
apartment
1
2
750
$2,335
2026-08-28
—
condos
1
2
767
$1,850
2026-07-28
—
apartment
1
1
697
$1,800
2026-06-04
—
condos
1
1
536
$1,800
2026-06-17
—
condos
1
1
684
$1,600
2026-04-08
—
condos
1
2
725
$2,000
2026-07-27
—
condos
1
2
620
$1,950
2026-06-08
—
condos
1
2
837
$2,800
2026-08-26
—
condos
1
1
763
$1,699
2026-08-12
—
condos
1
2
762
$2,100
2026-08-27
—
condos
1
1
768
$1,750
2026-03-27
—
condos
1
1
546
$1,900
2026-08-23
—
condos
1
1
546
$1,700
2026-08-08
—
condos
1
1
640
$2,000
2026-08-11
—
condos
1
2
837
$2,475
2026-08-23
—
condos
1
1
768
$1,600
2026-08-03
—
condos
1
2
770
$2,000
2026-07-27
—
condos
1
2
772
$1,800
2026-07-23
—
condos
1
1
536
$1,800
2026-07-11
—
condos
1
2
762
$2,700
2026-08-24
—
condos
1
2
725
$1,750
2026-06-18
—
condos
1
2
762
$2,000
2026-08-24
—
condos
1
1
546
$1,900
2026-08-12
—
condos
1
1
700
$2,500
2026-05-12
—
condos
1
2
620
$1,850
2026-05-20
—
condos
1
1
705
$2,100
2026-08-13
—
condos
1
1
728
$1,550
2026-06-25
—
condos
1
1
762
$1,900
2026-06-02
—
condos
1
1
768
$1,750
2026-02-06
—
condos
1
1
768
$1,800
2026-03-05
—
condos
1
1
546
$2,000
2026-08-09
—
condos
1
2
718
$1,650
2026-06-10
—
condos
1
1
673
$2,300
2026-08-24
—
apartment
1
1
564
$2,300
2026-08-23
—
condos
1
2
767
$1,800
2025-11-24
—
condos
1
2
725
$2,150
2026-06-24
—
condos
1
1
768
$1,800
2026-02-24
—
apartment
1
2
762
$2,650
2026-08-19
—
condos
1
1
763
$1,700
2026-06-17
—
condos
1
2
790
$1,700
2026-07-29
—
condos
1
2
767
$1,950
2026-04-25
—
condos
1
2
710
$1,960
2026-07-08
—
condos
1
1
705
$2,200
2026-08-06
—
condos
1
2
758
$2,200
2026-08-20
—
condos
1
2
652
$1,650
2026-04-07
—
condos
1
2
620
$1,900
2026-07-16
—
condos
1
1
705
$2,200
2026-07-28
—
condos
1
1
680
$2,300
2026-01-16
—
condos
1
1
620
$2,100
2026-07-28
—
condos
1
1
768
$1,750
2026-03-27
—
condos
1
1
812
$2,100
2026-01-25
—
condos
1
1
658
$1,600
2026-06-01
—
condos
1
1
640
$2,000
2026-08-17
—
condos
1
1
715
$2,600
2026-06-30
—
condos
1
1
705
$1,800
2026-04-10
—
condos
1
1
640
$2,100
2026-08-08
—
condos
1
2
790
$1,950
2026-08-22
—
condos
1
2
767
$1,900
2026-06-12
—
condos
1
2
762
$2,350
2026-08-19
—
condos
1
1
546
$1,700
2026-07-06
—
condos
1
1
550
$2,750
2026-06-17
—
condos
1
2
792
$1,650
2026-05-25
—
condos
1
2
803
$1,745
2026-03-11
—
condos
1
2
767
$1,800
2026-07-20
—
condos
1
1
705
$1,900
2025-01-08
—
condos
1
1
768
$1,770
2026-07-08
—
condos
1
2
767
$1,875
2026-07-28
—
condos
1
2
862
$5,550
2026-07-21
—
condos
1
2
767
$1,850
2026-07-03
—
condos
1
—
775
$1,800
2025-09-17
—
condos
1
2
767
$2,000
2026-08-04
—
condos
1
1
697
$1,900
2026-07-27
—
apartment
1
1
806
$2,290
2026-06-19
—
condos
1
2
767
$1,850
2025-11-10
—
condos
1
1
658
$1,650
2026-05-28
—
condos
1
2
658
$2,050
2026-06-11
—
condos
1
1
768
$1,750
2026-06-02
—
condos
1
1
695
$1,850
2026-08-07
—
condos
1
2
767
$2,050
2026-07-14
—
condos
1
2
792
$1,700
2026-05-07
—
condos
1
2
780
$1,850
2026-06-25
—
condos
1
1
639
$1,800
2026-06-30
—
condos
1
1
673
$2,150
2026-07-08
—
condos
1
1
845
$2,900
2026-07-24
—
apartment
1
1
640
$2,200
2026-05-27
—
condos
1
1
817
$1,900
2026-07-25
—
condos
1
2
658
$2,050
2026-06-02
—
condos
1
2
767
$1,850
2026-07-28
—
condos
1
1
806
$1,950
2026-08-17
—
apartment
1
2
767
$2,300
2026-07-22
—
condos
1
2
767
$1,850
2026-08-05
—
condos
1
2
792
$2,500
2026-03-25
—
condos
1
2
620
$2,000
2026-06-17
—
condos
1
2
766
$2,150
2026-04-08
—
condos
1
1
777
$1,800
2026-06-18
—
condos
1
1
684
$1,800
2026-06-30
—
condos
1
1
720
$2,000
2025-01-07
—
condos
1
2
858
$6,200
2026-07-17
—
apartment
1
2
652
$2,000
2026-07-03
—
condos
1
1
768
$1,850
2026-05-29
—
condos
1
1
680
$3,200
2026-05-29
—
condos
1
1
705
$1,900
2024-05-22
—
condos
1
1
604
$1,825
2026-06-02
—
condos
1
1
710
$2,290
2026-04-21
—
condos
1
2
767
$1,850
2026-05-26
—
condos
1
2
767
$2,025
2026-06-29
—
condos
1
2
842
$2,000
2026-06-17
—
condos
1
2
767
$2,000
2026-03-20
—
condos
1
1
684
$1,900
2026-01-28
—
condos
1
2
620
$2,200
2025-02-14
—
condos
1
2
862
$6,000
2026-05-23
—
condos
1
1
639
$1,850
2026-06-11
—
condos
1
2
837
$2,400
2026-08-01
—
condos
1
1
715
$2,300
2026-08-03
—
condos
1
1
860
$2,599
2026-04-10
—
condos
1
1
715
$2,200
2026-07-21
—
condos
1
2
772
$1,900
2026-08-10
—
condos
1
1
684
$1,800
2026-08-13
—
condos
1
1
658
$1,695
2026-04-18
—
condos
1
2
762
$2,650
2026-08-11
—
condos
1
1
705
$2,200
2024-05-29
—
condos
1
2
830
$2,390
2026-04-20
—
condos
1
1
695
$2,400
2026-05-13
—
condos
1
2
790
$1,800
2026-03-18
—
condos
1
1
812
$2,350
2026-03-11
—
condos
1
2
858
$5,970
2026-05-15
—
condos
1
2
808
$1,800
2024-07-01
—
condos
1
1
845
$3,000
2026-03-03
—
condos
1
1
640
$1,850
2025-09-02
—
condos
1
1
673
$2,200
2026-03-12
—
condos
1
2
790
$2,000
2026-05-20
—
condos
1
2
767
$2,200
2026-07-07
—
condos
1
1
673
$2,250
2026-06-30
—
condos
1
1
673
$2,250
2026-07-06
—
condos
1
1
715
$2,300
2026-04-22
—
condos
1
2
858
$6,300
2026-06-17
—
condos
1
2
770
$2,300
2026-04-28
—
condos
1
2
762
$2,500
2026-06-26
—
condos
1
1
676
$3,200
2025-10-23
—
condos
1
1
705
$2,300
2026-03-12
—
condos
1
1
697
$2,300
2026-01-15
—
apartment
1
1
650
$10,000
2021-05-08
—
condos
1
1
658
$1,596
2026-08-28
—
condos
1
2
767
$2,150
2026-08-28
—
condos
1
1
810
$1,850
2026-08-16
—
condos
1
2
762
$2,125
2026-05-04
—
apartment
1
1
850
$1,950
2026-06-29
—
apartment
1
1
800
$1,950
2026-08-07
—
condos
1
1
768
$2,100
—
—
apartment
1
1
767
$2,100
—
—
condos
1
2
858
$5,970
—
—
apartment
1
2
760
$2,300
—
—
apartment
1
1
827
$2,680
2025-10-15
—
apartment
1
1
810
$1,707
—
—
apartment
1
2
855
$2,400
—
—
apartment
1
2
855
$2,350
—
—
apartment
1
2
855
$2,465
—
—
apartment
1
1
833
$2,315
—
—
apartment
1
1
833
$2,415
—
—
apartment
1
1
820
$1,931
—
—
apartment
1
1
820
$1,931
—
—
apartment
1
1
820
$2,131
—
—
apartment
1
1
827
$2,356
—
—
apartment
1
1
810
$1,931
—
—
apartment
1
1
810
$1,931
—
—
apartment
1
1
827
$2,374
—
—
apartment
1
1
840
$2,478
—
—
apartment
1
1
820
$2,131
—
—
apartment
1
1
770
$2,325
—
—
apartment
1
1
827
$2,399
—
—
apartment
1
1
800
$2,211
—
—
apartment
1
1
827
$2,356
—
—
apartment
1
1
683
$2,520
—
—
apartment
1
1
692
$2,500
—
—
apartment
1
1
712
$2,455
—
—
apartment
1
1
703
$2,585
—
—
apartment
1
1
629
$2,565
—
—
apartment
1
1
629
$2,530
—
—
apartment
1
2
855
$2,515
—
—
apartment
1
1
850
$2,453
—
—
apartment
1
1
827
$2,463
—
—
apartment
1
1
672
$2,530
—
—
apartment
1
1
712
$2,470
—
—
apartment
1
1
712
$2,450
—
—
apartment
1
1
850
$2,540
—
—
apartment
1
1
708
$2,560
—
—
apartment
1
1
725
$2,500
—
—
apartment
1
1
703
$2,530
—
—
apartment
1
1
712
$2,545
—
—
apartment
1
1
840
$2,831
—
—
apartment
1
1
800
$2,820
—
—
apartment
1
1
721
$2,785
—
—
apartment
1
1
850
$3,382
—
—
condos
1
2
766
$2,150
2026-08-28
—
condos
1
2
862
$6,000
2026-08-28
—
apartment
1
1
720
$2,500
2026-08-29
—
condos
1
2
767
$1,900
2026-08-30
—
condos
1
1
673
$2,400
2026-08-29
—
condos
1
2
862
$5,900
2026-08-31
—
condos
1
1
639
$1,850
2026-09-01
—
condos
1
2
725
$1,900
2026-09-01
—
condos
1
2
620
$2,200
2026-09-01
—
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.
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.
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.