WorkspaceDiscoverSingle-family · Miami Gardens · Miami-Dade County
16221 E Bunche Park Dr, Miami Gardens
Single-family home marketed for investor income with existing tenancy. Current selected source describes tenancy through March 2027. Exact lease end and rent are unknown.
Recorded status: Off-market; research only. Checked: .
Dated listing record · recheck availability and legal unit count.
- Est. gross yield at asking
- 7.8% Estimate · rent potential ÷ asking price
- Asking price
- $483,900
Rent potential · Estimate: $3,127/moBroad HUD benchmark, not property-specific market rent or current collections.
- Estimated annual NOI
- $14,180 Before debt and capital reserves
- Estimated cap rate
- 2.9% Modeled NOI ÷ purchase price
- Est. cash flow / mo
- $1,088 All cash · after reserves
Assumptions behind these estimates
Starting values for this brief. Change any of them in the interactive brief; your changes stay in your browser. Default values
| Input | Value | Basis |
|---|---|---|
| Total scheduled rent per month | $3,127 | HUD-based planning rent |
| Vacancy (%) | 5% | Matches planning allowance |
| Management (% of collected rent) | 8% | Matches planning allowance |
| Maintenance (% of total rent) | 5% | Matches planning allowance |
| Buyer annual tax assumption (% of price) | 2% | Matches planning allowance |
| Annual insurance | $4,062 | Matches planning allowance |
| Annual owner-paid utilities | $1,200 | Matches planning allowance |
| Monthly HOA or condo fees | $100 | Matches planning allowance |
| Other annual operating expenses | $600 | Matches planning allowance |
| Capital reserves (% of total rent) | 3% | Matches planning allowance |
| Down payment (%) | 100% | Matches planning allowance |
| Mortgage rate (%) | 7% | Matches planning allowance |
Unit mix & possession
One single-family home offered
- Reported units
- 1
- Reported listing area
- 1,152 sq ft
- Asking / reported sq ft
- $420
- Historical property tax / year
- $6,593
Historical tax is the seller’s bill; buyer taxes can change.
Broker info & key considerations To confirm
- MLS A11959547 was cancelled September 29, 2026. Zilbert also marks it no longer listed; a stale Compass active header conflicts with its dated history. Retained asking price is historical, not a sale price.
- Indexed descriptions have differed on the lease end. Obtain the executed lease before relying on any month or date.
- No rent amount is supplied. Older listing URLs can resolve to a different MLS record for the same address; this observation uses A11959547.
- Tenant occupancy, lease terms, income, costs and current listing availability have not been independently verified.
- Tenant occupancy limits showings. Any visit requires authorized coordination.
Source evidence and diligence
Financial figures observed Sep 25, 2026. Reported income is not audited collections. Editable estimates, financing and saved assumptions are separate from these source facts.
Gross rental yield basis
Displayed whole-property scheduled rent × 12 divided by source asking price, not your saved offer. HUD-based planning rent: FY2027 HUD FMR for Miami-Miami Beach-Kendall, FL HUD Metro FMR Area (METRO33100MM5000), effective October 1, 2026. Documented bedrooms per offered unit: 3. Published gross housing benchmark $3,277/month includes major utilities, excluding phone, cable/satellite TV and internet. Subtract $150/month ($150/unit) for assumed tenant-paid electricity; remaining owner-paid services use the separate displayed utility budget. This electricity amount is editable budgeting policy, not a verified allowance or conservative bound. Replace scheduled rent and utility inputs with leases, payer terms and local bills. The adjusted $3,127/month is a full-occupancy scenario, not a rental appraisal, lease offer, subsidy payment standard or eligibility decision. Full-occupancy potential before vacancy, operating costs, financing and income tax; not current collections, cap rate or cash return.
Sources
- William Raveis / MiamiRE A11959547Source observation · Sep 25, 2026
- 3 Oct availability review · Compass / A11959547; cancelled 29 Sep; stale active header conflicts with historySource observation · Oct 3, 2026
Questions to resolve
- Obtain the signed lease, tenant estoppel, deposit accounting and collection history.
- Obtain a trailing operating statement, insurance quotes and a buyer property-tax estimate.
- Confirm title, legal use, municipal jurisdiction, permitted area and possession terms.
Similar properties
- 829 NW 56th St, Miami: house, asking $417,000
- 7190 NW 21st Ave, Miami: house, asking $389,999
- 1114 NW 76th St, Miami: house, asking $585,000
Florida property research
Research scope includes Miami-Dade, Broward, the Florida Keys and Flagler County. Published observations vary by market.
[1] Gross yield excludes costs and financing. Source figures are unverified; estimates use editable assumptions. Check current listing availability. County records are separate from listings. Saves stay in this browser; export a backup before clearing site data. Sources & methods