home in Miami, FL
Set in Miami, FL, this home provides 4 bedrooms and 2 bathrooms across 1,660 square feet. Standout details include a deck / patio.
| Price | $540,000 |
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| Beds | 4 |
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| Baths | 2 |
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| Sqft | 1660 |
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| Address | 3500 NW 16th St, Miami, FL 33125 |
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Why buy this home
- Features: deck / patio.
- Links directly to the original source listing on Estately.
Is this a good buy?
Priced a little under the area.
Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $3,568/month with 20% down at a 7.28% 30-year fixed rate. You would need about $152,906 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $2,956/mo |
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| Property tax (new-buyer reassessed rate) | $410/mo |
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| Homeowners insurance | $203/mo |
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| Total monthly | $3,568/mo |
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| Down payment (20%) | $108,000 |
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| Income needed | $152,906/yr |
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A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home A (90 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | A (90/100) |
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| Beats renting in | 74% of modeled paths |
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| Modeled 5-yr equity (median) | $423,953 |
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| Range (10th to 90th pct) | $292,262 to $577,876 |
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A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward Miami, FL where local data is thin.
Local home values
Typical home values in Miami, FL have risen about 30% over the past 5 years (0% in the last year), per the Zillow Home Value Index. This reflects the metro market, not this specific home.
View this home on Estately