16031 NE 19th Pl
North Miami Beach, FL 33162 · single_family · For Sale · 106 days on market
Asking price$825,000
5 beds 5 baths 2,982 sqft
Listed by Arax S. Rodriguez · Coldwell Banker Realty
Typesingle_family
Built1965
Price / sqft$277
Est. value (own analysis)$1,428,974
Rent estimate (own analysis)$6,500/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood4/10moderate$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-05-19
Removed date—
MLSMiamiMLS #A12021930
Coordinates25.92366, -80.16005
Address16031 NE 19th Pl
CityNorth Miami Beach
StateFL
Zip33162
Listing ID6697603640
Sourceus-real-estate-listings, cached 2026-09-01
ZIP market snapshot (33162)
Typical home value (ZHVI)$472,330
Typical rent (ZORI)$2,262/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 | $825,000 |
| Down payment (20.0%) | $165,000 |
| Loan amount | $660,000 |
| Closing costs (5.0%) | $41,250 |
| Total cash to close | $206,250 |
| Income | |
| Rent (comp-derived) | $6,500$78,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $5,980$71,760 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,306$15,675 |
| Insurance (est. scaled by flood & wind risk) | $880$10,560 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $325$3,900 |
| Total operating expenses | $2,511$30,135 |
| 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) | $325$3,900 |
| 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 | 5 | 3 | 2,495 | $6,500 | 2026-07-02 | — | |
| single_family | 5 | 3 | 2,619 | $7,500 | 2026-08-01 | — | |
| single_family | 5 | 3 | 2,128 | $5,199 | 2026-06-07 | — |
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 |
|---|---|---|---|---|---|---|
| 931 NE 173rd St | single_family | 5 | 2 | 2,868 | $1,725,000 | 2026-06-30 |
| 800 NE 154th St | single_family | 5 | 3 | 2,313 | $500,000 | 2026-06-02 |
| 11 NE 151st St | single_family | 5 | 4 | 2,337 | $930,000 | 2026-04-13 |
| 1325 NE 171st St | single_family | 5 | 3 | 2,944 | $1,650,000 | 2026-01-21 |
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 |
|---|---|---|---|---|---|---|
| 16550 NE 4th Ave | single_family | 5 | 3 | 1,478 | $450,000 | — |
| 55 NE 165th St | multi_family | 5 | 2 | 2,124 | $725,000 | — |
| 15230 NE 2nd Ave | single_family | 5 | 3 | 1,688 | $1,650,000 | — |
| 610 NE 164th Ter | single_family | 5 | 3 | 2,201 | $848,999 | — |
| 110 NE 152nd St | single_family | 5 | 3 | 2,926 | $899,000 | — |
| 426 NE 166th St Unit 2 | single_family | 5 | 3 | 1,895 | $550,000 | — |
| 16910 NE 8th Ct | single_family | 5 | 3 | 2,236 | $895,000 | — |
10-year hold projection
IRR6.3%
Equity multiple2.00x
Total return (10yr)$314,362
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $849,750 | $41,625 | -$13,171 | $652,844 | $196,906 |
| 2 | $875,243 | $43,024 | -$11,869 | $645,197 | $230,046 |
| 3 | $901,500 | $44,470 | -$10,524 | $637,024 | $264,475 |
| 4 | $928,545 | $45,962 | -$9,134 | $628,291 | $300,254 |
| 5 | $956,401 | $47,503 | -$7,698 | $618,957 | $337,444 |
| 6 | $985,093 | $49,095 | -$6,214 | $608,983 | $376,110 |
| 7 | $1,014,646 | $50,738 | -$4,681 | $598,324 | $416,322 |
| 8 | $1,045,085 | $52,435 | -$3,097 | $586,932 | $458,153 |
| 9 | $1,076,438 | $54,187 | -$1,461 | $574,759 | $501,679 |
| 10 | $1,108,731 | $55,996 | $229 | $561,749 | $546,982 |
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.