16022 NW 83rd Ct
Miami Lakes, FL 33016 · single_family · For Sale · 118 days on market
Asking price$2,499,990
5 beds 5 baths 2,940 sqft
Suggested offer$1,128,401$1,371,589 above the est. market value of $1,128,401.
View on Realtor.com →Listed by Jorge Besereni · CENTURY 21 World Connection
Typesingle_family
Built2026
Price / sqft$850
Est. value (own analysis)$1,128,401
Rent estimate (own analysis)$7,000/mo
HOA$487/mo
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Statusfor_sale
Listed date2026-05-07
Removed date—
MLSMiamiMLS #A12011200
Coordinates25.91902, -80.33624
Address16022 NW 83rd Ct
CityMiami Lakes
StateFL
Zip33016
Listing ID9407331387
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33016)
Typical home value (ZHVI)$295,375
Typical rent (ZORI)$2,365/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 | $2,499,990 |
| Down payment (20.0%) | $499,998 |
| Loan amount | $1,999,992 |
| Closing costs (5.0%) | $125,000 |
| Total cash to close | $624,998 |
| Income | |
| Rent (comp-derived) | $7,000$84,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $6,440$77,280 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $3,958$47,500 |
| Insurance (placeholder 0.8% of price) | $1,667$20,000 |
| HOA dues | $487$5,844 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $350$4,200 |
| Total operating expenses | $6,462$77,544 |
| 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) | $350$4,200 |
| 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 | 5 | 3,544 | $5,500 | 2026-08-01 | — | |
| single_family | 5 | 3 | 3,153 | $7,000 | 2026-07-27 | — | |
| single_family | 5 | 3 | 2,494 | $8,500 | 2026-08-29 | — |
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 |
|---|---|---|---|---|---|---|
| 16048 NW 82nd Pl | single_family | 5 | 3 | 3,122 | $1,200,000 | 2026-08-20 |
| 16214 NW 82nd Pl | single_family | 5 | 6 | 4,269 | $1,200,000 | 2026-08-19 |
| 8305 NW 157th Ter | single_family | 5 | 4 | 3,299 | $1,475,000 | 2026-07-30 |
| 8560 NW 164th St | single_family | 5 | 4 | 4,262 | $1,399,000 | 2026-07-17 |
| 7813 NW 165th St | single_family | 5 | 4 | 3,933 | $1,646,000 | 2026-06-23 |
| 7993 NW 161st Ter | single_family | 5 | 4 | 2,889 | $1,450,000 | 2026-06-04 |
| 6215537309 | single_family | 5 | 4 | 2,594 | $1,435,000 | 2026-05-21 |
| 15560 NW 83rd Pl | single_family | 5 | 3 | 3,447 | $1,695,000 | 2026-05-07 |
| 8123 NW 161st Ter | single_family | 5 | 4 | 2,889 | $1,100,000 | 2026-04-27 |
| 8204 NW 165th St | single_family | 5 | 4 | — | $1,000,000 | 2026-04-22 |
| 16524 NW 77th Path | single_family | 5 | 3 | 3,412 | $1,125,000 | 2026-03-02 |
| 16421 NW 83rd Ct | single_family | 5 | 5 | 3,536 | $975,000 | 2026-02-27 |
| 16533 NW 77th Path | single_family | 5 | 3 | 3,392 | $1,300,000 | 2026-01-15 |
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 |
|---|---|---|---|---|---|---|
| 15951 NW 79th Ct | single_family | 5 | 4 | 2,889 | $1,550,000 | — |
| 16763 NW 77th Path | single_family | 5 | 6 | 3,676 | $1,975,000 | — |
| 5445 W 27th Ln | single_family | 5 | 2 | 2,086 | $595,000 | — |
| 16101 NW 79th Ct | single_family | 5 | 4 | 3,232 | $1,250,000 | — |
| 14332 Ardoch Pl | single_family | 5 | 8 | 5,664 | $2,970,000 | — |
| 16422 NW 83rd Pl | single_family | 5 | 4 | 3,767 | $1,350,000 | — |
| 16232 NW 79th Ave | single_family | 5 | 5 | 3,569 | $1,429,999 | — |
| 8135 NW 164th Ter | single_family | 5 | 5 | 3,544 | $1,249,900 | — |
10-year hold projection
IRR-7.0%
Equity multiple-0.19x
Total return (10yr)-$414,662
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $2,574,990 | -$264 | -$158,694 | $1,978,308 | $596,682 |
| 2 | $2,652,239 | $116 | -$158,419 | $1,955,134 | $697,105 |
| 3 | $2,731,807 | $517 | -$158,126 | $1,930,369 | $801,437 |
| 4 | $2,813,761 | $940 | -$157,813 | $1,903,904 | $909,857 |
| 5 | $2,898,174 | $1,386 | -$157,480 | $1,875,621 | $1,022,553 |
| 6 | $2,985,119 | $1,855 | -$157,127 | $1,845,396 | $1,139,723 |
| 7 | $3,074,672 | $2,349 | -$156,751 | $1,813,095 | $1,261,577 |
| 8 | $3,166,913 | $2,870 | -$156,353 | $1,778,576 | $1,388,336 |
| 9 | $3,261,920 | $3,416 | -$155,931 | $1,741,687 | $1,520,233 |
| 10 | $3,359,778 | $3,991 | -$155,484 | $1,702,265 | $1,657,513 |
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.