555 SW 16th Ave Unit 11
Miami, FL 33135 · condos · For Sale · 152 days on market
Asking price$185,000
1 beds 1 baths 460 sqft
Listed by Louis Tamayo · Grass Tamayo Real Estate Group LLC
Typecondos
Built1954
Price / sqft$402
Est. value (Zillow ZIP avg)$531,790
Rent estimate (own analysis)$1,700/mo
HOA$220/mo
Wind10/10Extreme$Heat10/10ExtremeFlood4/10moderate$Air2/10MinorWildfire1/10Minimal
1 / 19
Show every detail
Statusfor_sale
Listed date2026-04-03
Removed date—
MLSMiamiMLS #A11994540
Coordinates25.76778, -80.22098
Address555 SW 16th Ave Unit 11
CityMiami
StateFL
Zip33135
Listing ID6864168707
Sourceus-real-estate-listings, cached 2026-08-30
ZIP market snapshot (33135)
Typical home value (ZHVI)$531,790
Typical rent (ZORI)$2,051/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 | $185,000 |
| Down payment (20.0%) | $37,000 |
| Loan amount | $148,000 |
| Closing costs (5.0%) | $9,250 |
| Total cash to close | $46,250 |
| Income | |
| Rent (comp-derived) | $1,700$20,400 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,564$18,768 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $293$3,515 |
| Insurance (est. scaled by flood & wind risk) | $197$2,368 |
| HOA dues | $220$2,640 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $85$1,020 |
| Total operating expenses | $795$9,543 |
| 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) | $85$1,020 |
| 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 | 450 | $1,300 | 2026-08-21 | — | |
| apartment | 1 | 1 | 450 | $1,200 | 2026-08-21 | — | |
| apartment | 1 | 1 | 400 | $1,650 | 2026-08-21 | — | |
| apartment | 1 | 1 | 500 | $1,350 | 2026-08-18 | — | |
| apartment | 1 | 1 | 313 | $1,600 | 2026-07-27 | — | |
| apartment | 1 | 1 | 600 | $1,925 | 2026-08-11 | — | |
| condos | 1 | 1 | 580 | $1,950 | 2026-08-06 | — | |
| condos | 1 | 1 | 570 | $1,750 | 2026-08-05 | — | |
| apartment | 1 | 1 | 504 | $1,600 | 2026-08-05 | — | |
| apartment | 1 | 1 | 486 | $1,800 | 2026-07-27 | — | |
| apartment | 1 | 1 | 450 | $2,000 | 2026-07-21 | — | |
| apartment | 1 | 1 | 529 | $1,742 | 2026-07-20 | — | |
| condos | 1 | 1 | 528 | $1,795 | 2026-07-06 | — | |
| apartment | 1 | 1 | 450 | $1,250 | 2025-09-27 | — | |
| apartment | 1 | 1 | 500 | $1,600 | 2026-06-05 | — | |
| apartment | 1 | 1 | 598 | $1,700 | 2026-06-02 | — | |
| apartment | 1 | 1 | 400 | $1,600 | 2026-06-08 | — | |
| condos | 1 | 1 | 602 | $1,750 | 2026-05-07 | — | |
| condos | 1 | 1 | 577 | $1,600 | 2026-04-27 | — | |
| apartment | 1 | 1 | 495 | $1,700 | 2026-08-04 | — | |
| apartment | 1 | 1 | 495 | $1,700 | 2026-08-04 | — | |
| condos | 1 | 1 | 470 | $1,750 | 2026-08-02 | — | |
| apartment | 1 | 1 | 600 | $1,879 | 2026-08-02 | — | |
| condos | 1 | 1 | 580 | $1,750 | 2026-07-27 | — | |
| apartment | 1 | 1 | 600 | $1,650 | 2023-09-13 | — | |
| apartment | 1 | 1 | 520 | $1,700 | 2026-08-24 | — | |
| apartment | 1 | 1 | 450 | $1,800 | 2026-04-18 | — | |
| condos | 1 | 1 | 500 | $1,600 | 2026-03-18 | — | |
| condos | 1 | 1 | 450 | $1,450 | 2026-02-09 | — | |
| apartment | 1 | 1 | 550 | $1,675 | 2025-10-07 | — | |
| apartment | 1 | 1 | 620 | $1,600 | 2026-03-16 | — | |
| apartment | 1 | 1 | 566 | $1,700 | 2026-03-11 | — | |
| apartment | 1 | 1 | 495 | $1,400 | 2026-08-25 | — | |
| apartment | 1 | 1 | 620 | $1,650 | 2026-08-27 | — | |
| condos | 1 | 1 | 570 | $1,750 | 2026-08-26 | — | |
| apartment | 1 | 1 | 600 | $2,090 | 2026-08-02 | — | |
| apartment | 1 | 1 | 600 | $2,075 | 2026-08-02 | — | |
| apartment | 1 | 1 | 600 | $2,075 | 2026-08-02 | — | |
| apartment | 1 | 1 | 600 | $1,750 | 2026-08-31 | — | |
| apartment | 1 | 1 | 600 | $2,000 | 2026-04-22 | — | |
| apartment | 1 | 1 | 431 | $1,680 | 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.
No recent recorded sales cached yet for this ZIP.
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 |
|---|---|---|---|---|---|---|
| 3550 SW 9th Ter Unit 8B | condos | 1 | 1 | 580 | $199,000 | — |
| 1220 SW 5th St Apt 21 | condos | 1 | 1 | 669 | $249,999 | — |
| condos | 1 | 1 | 577 | $165,900 | — | |
| 3451 SW 11th St Unit 8A | condos | 1 | 1 | 580 | $199,000 | — |
10-year hold projection
IRR6.0%
Equity multiple1.96x
Total return (10yr)$68,339
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $190,550 | $9,225 | -$3,208 | $146,395 | $44,155 |
| 2 | $196,267 | $9,549 | -$2,909 | $144,680 | $51,586 |
| 3 | $202,155 | $9,885 | -$2,600 | $142,848 | $59,307 |
| 4 | $208,219 | $10,232 | -$2,280 | $140,889 | $67,330 |
| 5 | $214,466 | $10,590 | -$1,949 | $138,796 | $75,669 |
| 6 | $220,900 | $10,960 | -$1,607 | $136,560 | $84,340 |
| 7 | $227,527 | $11,343 | -$1,253 | $134,169 | $93,357 |
| 8 | $234,352 | $11,739 | -$887 | $131,615 | $102,738 |
| 9 | $241,383 | $12,148 | -$508 | $128,885 | $112,498 |
| 10 | $248,625 | $12,570 | -$117 | $125,968 | $122,657 |
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.