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Single Family Residence
$849,000$603 / sqft
3416 SW 16th St, Miami FL 33145
Listed
3
Bedrooms
2
Bathrooms
1,409 sqft
Interior
1959
Year built
None
HOA
Single Family Residence
Type
About this home
Welcome to this fully renovated and move-in ready home with 3 beds and 2 baths in one of Miami's most convenient locations. Major updates are already done: new metal roof, impact windows and doors, new water heater, new flooring and new light fixtures throughout. Inside, an open layout anchored by expansive windows fills the home with natural light. The den provides a versatile space, perfectly suited for a home office, playroom, or guest room. The modern kitchen features sleek white cabinetry, stone countertops with a full-height backsplash and stainless steel appliances. Both bathrooms are fully updated with walk-in glass showers and designer finishes. Outside, enjoy a long covered patio, a spacious fenced backyard and a wide driveway with plenty of parking. The location is unbeatable, just minutes from Coral Gables, Miracle Mile, Merrick Park, the University of Miami, Coconut Grove and Brickell, with easy access to US-1, I-95 and MIA. A turnkey home in a prime central location. Schedule your showing today!
Features
- First Floor Entry
- Den/Library/Office
- Garden
- Other
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
$4,293
Loan payment and HOA only. Property tax and insurance are significant here and are included.
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 3-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $3,200–$5,100.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.