2150 NW 16th Pl
Homestead, FL 33030 · single_family · For Sale · 1 days on market
Asking price$1,299,990
6 beds 4 baths — sqft
Suggested offer$1,125,000$174,990 above the est. market value of $1,125,000.
View on Realtor.com →Listed by Reynald Desarmes · Malibu Bay Realty
Typesingle_family
Built2015
Price / sqft—
Est. value (own analysis)$1,125,000
Rent estimate (Zillow ZIP avg)$2,465/mo
HOA$85/mo
Wind10/10Extreme$Heat10/10ExtremeFlood5/10major$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-09-01
Removed date—
MLSMiamiMLS #A12081355
Coordinates25.49055, -80.49975
Address2150 NW 16th Pl
CityHomestead
StateFL
Zip33030
Listing ID6779495134
Sourceus-real-estate-listings, cached 2026-09-02
ZIP market snapshot (33030)
Typical home value (ZHVI)$521,479
Typical rent (ZORI)$2,465/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 | $1,299,990 |
| Down payment (20.0%) | $259,998 |
| Loan amount | $1,039,992 |
| Closing costs (5.0%) | $65,000 |
| Total cash to close | $324,998 |
| Income | |
| Rent (ZIP avg, ZORI — not bedroom-specific) | $2,465$29,583 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,268$27,217 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,058$24,700 |
| Insurance (est. scaled by flood & wind risk) | $1,517$18,200 |
| HOA dues | $85$1,020 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $123$1,479 |
| Total operating expenses | $3,783$45,399 |
| 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) | $123$1,479 |
| 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
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| single_family | 6 | 3 | 3,183 | $3,600 | 2026-06-05 | — |
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 |
|---|---|---|---|---|---|---|
| 2152 NW 16th Ter | single_family | 6 | 4 | 3,820 | $1,125,000 | 2026-05-15 |
| 1651 NW 19th St | single_family | 6 | 3 | 2,282 | $955,000 | 2026-02-25 |
| 31725 SW 213th Ave | single_family | 6 | 5 | 5,497 | $1,835,000 | 2026-02-10 |
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 |
|---|---|---|---|---|---|---|
| 31050 SW 193rd Ave | single_family | 6 | 5 | 5,659 | $1,550,000 | — |
| 155 SW 16th Ter | single_family | 6 | 3 | 3,450 | $720,000 | — |
| 29215 SW 167th Ct | single_family | 6 | 5 | 3,644 | $1,299,980 | — |
| 1730 NW 21st St | single_family | 6 | 4 | 3,820 | $1,085,000 | — |
| 20255 SW 296th St | single_family | 6 | 3 | 4,771 | $1,099,900 | — |
10-year hold projection
IRR-10.5%
Equity multiple-0.79x
Total return (10yr)-$413,270
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,338,990 | -$18,182 | -$99,861 | $1,028,716 | $310,274 |
| 2 | $1,379,159 | -$18,501 | -$100,216 | $1,016,666 | $362,493 |
| 3 | $1,420,534 | -$18,823 | -$100,576 | $1,003,788 | $416,746 |
| 4 | $1,463,150 | -$19,149 | -$100,941 | $990,026 | $473,124 |
| 5 | $1,507,045 | -$19,479 | -$101,311 | $975,319 | $531,725 |
| 6 | $1,552,256 | -$19,813 | -$101,686 | $959,602 | $592,654 |
| 7 | $1,598,824 | -$20,151 | -$102,065 | $942,806 | $656,018 |
| 8 | $1,646,788 | -$20,492 | -$102,449 | $924,856 | $721,932 |
| 9 | $1,696,192 | -$20,837 | -$102,838 | $905,674 | $790,518 |
| 10 | $1,747,078 | -$21,185 | -$103,232 | $885,174 | $861,903 |
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.