16314 SW 291 St Unit 16314
Miami, FL 33033 · condo_townhome_rowhome_coop · For Sale · 84 days on market
Asking price$385,000
4 beds 3 baths — sqft
Suggested offer$245,000$140,000 above the est. market value of $245,000.
View on Realtor.com →Listed by Alejandro Rodriguez · Arod Partners Realty
Typecondo_townhome_rowhome_coop
Built2023
Price / sqft—
Est. value (own analysis)$245,000
Rent estimate (own analysis)$2,995/mo
HOA$125/mo
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Statusfor_sale
Listed date2026-06-10
Removed date—
MLSMiamiMLS #A12034352
Coordinates25.49628, -80.45553
Address16314 SW 291 St Unit 16314
CityMiami
StateFL
Zip33033
Listing ID9926579679
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33033)
Typical home value (ZHVI)$436,367
Typical rent (ZORI)$2,539/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 | $385,000 |
| Down payment (20.0%) | $77,000 |
| Loan amount | $308,000 |
| Closing costs (5.0%) | $19,250 |
| Total cash to close | $96,250 |
| Income | |
| Rent (comp-derived) | $2,995$35,940 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,755$33,065 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $610$7,315 |
| Insurance (placeholder 0.8% of price) | $257$3,080 |
| HOA dues | $125$1,500 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $150$1,797 |
| Total operating expenses | $1,141$13,692 |
| 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) | $150$1,797 |
| 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 |
|---|---|---|---|---|---|---|---|
| condos | 4 | 3 | 2,412 | $1,200 | 2026-05-05 | — | |
| apartment | 4 | 2 | 1,700 | $3,000 | 2026-08-02 | — | |
| condos | 4 | 3 | 1,612 | $2,990 | 2026-07-14 | — | |
| condos | 4 | 3 | 1,612 | $3,300 | 2026-06-12 | — |
Widened to any bedroom count in ZIP. 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 |
|---|---|---|---|---|---|---|
| 2630 NE 3rd Dr Unit 101 | condos | 3 | 2 | 1,194 | $260,000 | 2026-08-18 |
| 1575 NE 33rd Ave Unit 106-9 | condos | 3 | 2 | 1,062 | $245,000 | 2026-08-06 |
| 980 NE 33rd Ter Unit 104 | condo | 3 | 2 | 1,196 | $215,000 | 2026-07-27 |
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 |
|---|---|---|---|---|---|---|
| 16200 SW 320th St | single_family | 4 | 3 | 2,267 | $690,990 | — |
| 17360 SW 286 St | single_family | 4 | 3 | 2,217 | $724,690 | — |
| 2570 SE 4th Pl | single_family | 4 | 3 | 2,098 | $485,000 | — |
| 13411 SW 285th St | single_family | 4 | 3 | 2,598 | $552,000 | — |
| 729 SE 34th Ave | single_family | 4 | 2 | 1,670 | $444,444 | — |
| 15624 SW 297th Ter | single_family | 4 | 2 | 1,506 | $597,000 | — |
| 977 NE 37th Pl | single_family | 4 | 3 | 2,020 | $455,000 | — |
| 28740 SW 143rd Ct | single_family | 4 | 2 | 1,251 | $499,000 | — |
10-year hold projection
IRR6.3%
Equity multiple2.00x
Total return (10yr)$146,265
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $396,550 | $19,373 | -$6,176 | $304,661 | $91,889 |
| 2 | $408,447 | $20,022 | -$5,571 | $301,092 | $107,355 |
| 3 | $420,700 | $20,693 | -$4,946 | $297,278 | $123,422 |
| 4 | $433,321 | $21,386 | -$4,301 | $293,202 | $140,118 |
| 5 | $446,321 | $22,101 | -$3,634 | $288,847 | $157,474 |
| 6 | $459,710 | $22,840 | -$2,945 | $284,192 | $175,518 |
| 7 | $473,501 | $23,603 | -$2,233 | $279,218 | $194,283 |
| 8 | $487,706 | $24,390 | -$1,498 | $273,902 | $213,804 |
| 9 | $502,338 | $25,203 | -$738 | $268,221 | $234,116 |
| 10 | $517,408 | $26,043 | $47 | $262,150 | $255,258 |
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.