16815 NW 38th Ct
Miami, FL 33054 · single_family · For Sale · 489 days on market
Asking price$499,000
3 beds 2 baths 1,382 sqft
Listed by Anthony Hines · Eagles World Realty, Inc
Typesingle_family
Built1957
Price / sqft$361
Est. value (own analysis)$573,319
Rent estimate (own analysis)$2,800/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood2/10minor$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2025-05-01
Removed date—
MLSrealMLS #2085148
Coordinates25.92690, -80.26292
Address16815 NW 38th Ct
CityMiami
StateFL
Zip33054
Listing ID9620362353
Sourceus-real-estate-listings, cached 2026-08-25
ZIP market snapshot (33054)
Typical home value (ZHVI)$429,838
Typical rent (ZORI)$2,279/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 | $499,000 |
| Down payment (20.0%) | $99,800 |
| Loan amount | $399,200 |
| Closing costs (5.0%) | $24,950 |
| Total cash to close | $124,750 |
| Income | |
| Rent (comp-derived) | $2,800$33,600 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,576$30,912 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $790$9,481 |
| Insurance (est. scaled by flood & wind risk) | $499$5,988 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $140$1,680 |
| Total operating expenses | $1,429$17,149 |
| 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) | $140$1,680 |
| 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 | 3 | 1 | 1,062 | $2,415 | — | — | |
| single_family | 3 | 1 | 1,076 | $2,210 | — | — | |
| single_family | 3 | 1 | 1,070 | $2,800 | 2026-08-15 | — | |
| single_family | 3 | 1 | 1,020 | $2,500 | 2026-07-30 | — | |
| single_family | 3 | 2 | 1,208 | $3,700 | 2026-08-12 | — | |
| single_family | 3 | 2 | 1,250 | $3,000 | 2026-07-22 | — | |
| single_family | 3 | 1 | 1,324 | $2,650 | 2026-03-19 | — | |
| single_family | 3 | 2 | 1,455 | $3,500 | 2026-08-06 | — | |
| single_family | 3 | 2 | 1,000 | $3,300 | — | — |
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 |
|---|---|---|---|---|---|---|
| 1881 NW 157th St | single_family | 3 | 2 | 864 | $515,000 | 2026-08-17 |
| 2310 W Bunche Park Dr | single_family | 3 | 1 | 864 | $450,000 | 2026-07-22 |
| 1749 NW 152nd St | single_family | 3 | 2 | — | $490,000 | 2026-07-17 |
| 6848866101 | single_family | 3 | 1 | 966 | $405,000 | 2026-07-17 |
| 2525 NW 156th St | single_family | 3 | 1 | 1,020 | $415,000 | 2026-07-16 |
| 1890 NW 152nd Ter | single_family | 3 | 2 | 1,512 | $500,000 | 2026-07-15 |
| 805 Sultan Ave | single_family | 3 | 2 | 1,145 | $475,000 | 2026-07-14 |
| 3011 NW 152nd Ter | single_family | 3 | 1 | 936 | $417,000 | 2026-07-10 |
| 1971 Wilmington St | single_family | 3 | 2 | 594 | $425,000 | 2026-07-10 |
| 3260 NW 132nd Ter | single_family | 3 | 2 | 1,205 | $480,000 | 2026-07-10 |
| 16431 NW 18th Ave | single_family | 3 | 4 | 1,505 | $572,500 | 2026-07-09 |
| 2125 NW 158th St | single_family | 3 | 1 | 1,368 | $350,000 | 2026-07-07 |
| 15851 NW 18th Ave | single_family | 3 | 1 | 864 | $400,000 | 2026-07-02 |
| 2760 NW 164th Ter | single_family | 3 | 2 | 1,200 | $525,000 | 2026-07-01 |
| 15770 NW 18th Pl | single_family | 3 | 1 | 2,541 | $387,000 | 2026-06-29 |
| 16240 NW 22nd Ave | single_family | 3 | 2 | 1,416 | $550,000 | 2026-06-29 |
| 15920 NW 41st Ave | single_family | 3 | 1 | 1,618 | $400,000 | 2026-06-26 |
| 15210 NW 18th Ave | single_family | 3 | 1 | 2,280 | $460,000 | 2026-06-23 |
| 2250 NW 154th St | single_family | 3 | 1 | 988 | $420,000 | 2026-06-18 |
| 2748 NW 131st St | single_family | 3 | 3 | 1,263 | $275,000 | 2026-06-17 |
| 15740 NW 17th Ct | single_family | 3 | 3 | 1,786 | $489,000 | 2026-06-12 |
| 16401 NW 17th Ct | single_family | 3 | 1 | 1,020 | $360,000 | 2026-06-11 |
| 1246 Sharazad Blvd | single_family | 3 | 1 | 1,306 | $499,900 | 2026-06-09 |
| 3780 NW 165th St | single_family | 3 | 2 | 1,172 | $540,000 | 2026-06-08 |
| 16400 NW 17th Ct | single_family | 3 | 1 | 840 | $347,500 | 2026-05-29 |
| 1218 Fisherman St | single_family | 3 | 1 | 1,025 | $250,000 | 2026-05-28 |
| 15210 NW 28th Pl | single_family | 3 | 2 | 936 | $495,000 | 2026-05-27 |
| 16000 NW 21st Ave | single_family | 3 | 2 | 1,152 | $479,000 | 2026-05-22 |
| 2901 NW 163rd St | single_family | 3 | 1 | 816 | $473,000 | 2026-05-18 |
| 3241 NW 154th Ter | single_family | 3 | 2 | 1,674 | $545,000 | 2026-05-14 |
| 120 Seaman Ave | single_family | 3 | 4 | 888 | $520,000 | 2026-05-13 |
| 841 Atlantic Ave | single_family | 3 | 2 | 1,080 | $375,000 | 2026-05-08 |
| 15321 NW Railroad Dr | single_family | 3 | 1 | 780 | $360,000 | 2026-05-07 |
| 16441 NW 18th Ave | single_family | 3 | 1 | 840 | $449,000 | 2026-05-07 |
| 16350 NW 37th Ave | single_family | 3 | 1 | 1,200 | $525,000 | 2026-05-06 |
| 2455 NW 158th St | single_family | 3 | 2 | 1,116 | $370,000 | 2026-05-04 |
| 15330 NW 29th Ct | single_family | 3 | 1 | 936 | $420,000 | 2026-05-01 |
| 16351 NW 37th Ct | single_family | 3 | 2 | 1,344 | $485,000 | 2026-04-30 |
| 2396 Service Rd | single_family | 3 | 2 | 950 | $449,000 | 2026-04-29 |
| 941 Jann Ave | single_family | 3 | 2 | 1,250 | $478,000 | 2026-04-28 |
| 905 Atlantic Ave | single_family | 3 | 1 | 975 | $460,000 | 2026-04-24 |
| 1930 NW 152nd Ter | single_family | 3 | 2 | 995 | $445,000 | 2026-04-22 |
| 16320 NW 19th Ct | single_family | 3 | 2 | 1,405 | $560,000 | 2026-04-19 |
| 15815 NW 22nd Ave | single_family | 3 | 1 | 864 | $420,000 | 2026-04-17 |
| 719 Harem Ave | single_family | 3 | 2 | 1,280 | $500,000 | 2026-04-16 |
| 2310 NW 155th St | single_family | 3 | 2 | 1,080 | $545,000 | 2026-04-16 |
| 945 Sharazad Blvd | single_family | 3 | 2 | 988 | $520,000 | 2026-04-13 |
| 1897 Rutland St | single_family | 3 | 2 | 999 | $380,000 | 2026-04-02 |
| 15401 NW 28th Ct | single_family | 3 | 1 | 936 | $450,000 | 2026-03-27 |
| 1861 NW 163rd St | single_family | 3 | 1 | 864 | $325,000 | 2026-03-20 |
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 |
|---|---|---|---|---|---|---|
| 16520 NW 18th Ave | single_family | 3 | 1 | 1,302 | $300,000 | — |
| 1210 Kasim St | single_family | 3 | 1 | 975 | $165,000 | — |
| 2961 NW 162nd St | single_family | 3 | 2 | 1,312 | $579,000 | — |
| 820 Curtiss Dr | single_family | 3 | 2 | 1,008 | $224,900 | — |
| 1781 NW 152nd Ter | single_family | 3 | 1 | 1,289 | $575,000 | — |
| 2381 NW 153rd St | single_family | 3 | 2 | 788 | $438,000 | — |
| 2911 NW 161st St | single_family | 3 | 1 | 816 | $400,000 | — |
| 2283 NW 136th Ter | townhomes | 3 | 2 | 1,253 | $315,000 | — |
10-year hold projection
IRR0.1%
Equity multiple1.01x
Total return (10yr)$66,620
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $513,970 | $13,763 | -$18,701 | $394,872 | $119,098 |
| 2 | $529,389 | $14,262 | -$18,245 | $390,246 | $139,143 |
| 3 | $545,271 | $14,777 | -$17,772 | $385,303 | $159,968 |
| 4 | $561,629 | $15,311 | -$17,283 | $380,021 | $181,608 |
| 5 | $578,478 | $15,862 | -$16,776 | $374,375 | $204,103 |
| 6 | $595,832 | $16,433 | -$16,252 | $368,342 | $227,490 |
| 7 | $613,707 | $17,023 | -$15,710 | $361,895 | $251,812 |
| 8 | $632,118 | $17,633 | -$15,148 | $355,005 | $277,113 |
| 9 | $651,082 | $18,264 | -$14,567 | $347,642 | $303,440 |
| 10 | $670,614 | $18,916 | -$13,966 | $339,773 | $330,841 |
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.