6084 E 7th Ave

Hialeah, FL 33013 · single_family · For Sale · 58 days on market
Asking price$614,999
2 beds 2 baths 962 sqft
Suggested offer$384,220$230,779 above the est. market value of $384,220.
View on Realtor.com →
Listed by Christian Hinz · Hinz Realty Group
Typesingle_family
Built1953
Price / sqft$639
Est. value (own analysis)$384,220
Rent estimate (own analysis)$2,600/mo
HOANone
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Neighborhood

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Statusfor_sale
Listed date2026-07-06
Removed date
MLSMiamiMLS #A12048785
Coordinates25.87795, -80.26933
Address6084 E 7th Ave
CityHialeah
StateFL
Zip33013
Listing ID5022462259
Sourceus-real-estate-listings, cached 2026-08-28

ZIP market snapshot (33013)

Typical home value (ZHVI)$568,867
Typical rent (ZORI)$2,554/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)

Purchase price$614,999
Down payment (20.0%)$123,000
Loan amount$491,999
Closing costs (5.0%)$30,750
Total cash to close$153,750
Rent (comp-derived)$2,600$31,200
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$31,200
Vacancy rate (assumption) assumption8.0%

$31,200 × 8.0% = $2,496

Effective gross income$2,392$28,704
Property tax (placeholder 1.9% of price)$974$11,685
Insurance (placeholder 0.8% of price)$410$4,920
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$130$1,560
Total operating expenses$1,514$18,165
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$28,704
Total operating expenses derived$18,165

$28,704 − $18,165 = $10,539

Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing)

Monthly Principal & Interest

Standard amortization on the loan amount, at the effective rate and term

Loan amount derived$491,999
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$491,999 amortized at 6.7% over 30 years = $3,162/mo

CapEx reserve (5.0% of GSR)$130$1,560
Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%)$0$0
Cash flow

Monthly Cash Flow

(NOI − Annual Debt Service − Annual CapEx Reserve − Annual PMI) ÷ 12

NOI derived$10,539
Annual debt service derived$37,941
Annual CapEx reserve assumption$1,560
Annual PMI assumption$0

($10,539 − $37,941 − $1,560 − $0) ÷ 12 = -$2,413

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$10,539
Purchase price data$614,999

$10,539 ÷ $614,999 = 1.7%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$28,962
Total cash to close derived$153,750

-$28,962 ÷ $153,750 = -18.8%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$10,539
Annual debt service derived$37,941

$10,539 ÷ $37,941 = 0.28

Rent-to-price (1% rule)

Rent-to-Price (the "1% rule")

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$31,200
Purchase price data$614,999

($31,200 ÷ 12) ÷ $614,999 = 0.4%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$614,999
Gross scheduled rent (annual) comp$31,200

$614,999 ÷ $31,200 = 19.7

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$18,165
Effective gross income derived$28,704

$18,165 ÷ $28,704 = 63.3%

Break-even occupancy

Break-Even Occupancy

(Total OpEx + Annual Debt Service + Annual PMI) ÷ Gross Scheduled Rent

Total operating expenses derived$18,165
Annual debt service derived$37,941
Annual PMI assumption$0
Gross scheduled rent (annual) comp$31,200

($18,165 + $37,941 + $0) ÷ $31,200 = 179.8%

Comparables

Same ZIP. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family211,492$2,5002026-04-10
single_family211,460$2,6002026-03-10
single_family21720$3,6002026-08-05

230 E 56th St Unit A

Hialeah, 33013 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage1,492
Listed2026-04-10
Days on market

Asking rent: $2,500

View on Zillow →

998 E 29th St

Hialeah, 33013 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage1,460
Listed2026-03-10
Days on market

Asking rent: $2,600

View on Zillow →

568 E 49th St Unit 568

Hialeah, 33013 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage720
Listed2026-08-05
Days on market

Asking rent: $3,600

View on Zillow →

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
690 E 46th Stsingle_family21720$495,0002026-08-27
521 E 33rd Stsingle_family21810$549,9002026-08-26
4925 E 9th Ctsingle_family211,875$560,0002026-07-22
4795 E 8th Ctsingle_family211,537$415,0002026-06-26
380 E 56th Stsingle_family211,131$515,0002026-06-09
26 E 45th Stsingle_family211,462$600,0002026-05-27
800 E 19th Stsingle_family21832$650,0002026-05-15
190 E 45th Stsingle_family211,835$640,0002026-04-02
463 E 61st Stsingle_family21940$525,0002026-04-02
4150 E 9th Ctsingle_family211,472$550,0002026-03-26
466 E 62nd Stsingle_family211,118$545,0002026-03-16
310 E 44th Stsingle_family211,528$330,0002026-03-02
282 E 55th Stsingle_family211,235$390,0002026-02-16
471 E 60th Stsingle_family211,916$415,0002026-01-15
509 E 21st Stsingle_family22728$325,0002025-12-24
277 E 63rd Stsingle_family221,327$530,0002025-12-16
551 E 63rd Stsingle_family211,207$347,5002025-11-05
510 E 49th Stsingle_family212,048$750,0002025-10-06
725 E 19th Stsingle_family21780$440,0002025-09-26

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.

AddressTypeBedsBathsSqftAsking priceDays on market
363 E 62nd Stsingle_family211,098$549,950
890 E 52nd Stsingle_family211,080$395,000
651 E 48th Stsingle_family21720$525,000
690 E 46th Stsingle_family21720$575,000
782 E 37th Stsingle_family21825$999,999

10-year hold projection

IRR-2.6%
Equity multiple0.56x
Total return (10yr)$13,416
YearProperty valueNOICash flowLoan balanceEquity
1$633,449$10,539-$28,962$486,665$146,784
2$652,452$10,946-$28,594$480,964$171,488
3$672,026$11,368-$28,212$474,872$197,154
4$692,187$11,804-$27,817$468,361$223,825
5$712,952$12,256-$27,407$461,404$251,549
6$734,341$12,724-$26,982$453,968$280,372
7$756,371$13,208-$26,541$446,023$310,349
8$779,062$13,710-$26,085$437,531$341,531
9$802,434$14,229-$25,612$428,456$373,978
10$826,507$14,767-$25,122$418,758$407,749
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.
All figures are estimates for evaluation purposes only, not investment, tax, legal, or insurance advice. Property tax is estimated from a real matched tax bill or millage rate when available, a placeholder % of price otherwise; insurance is scaled by flood and wind risk where those are known and a flat percentage otherwise — never a real quote. Verify all of them, along with association restrictions and permit status, before committing capital. Rent estimates come from real comps or Zillow’s ZIP index, not appraisals.