Hialeah, FL 33018 · townhomes · Pending — under contract · 92 days on market
Asking price$589,000
4 beds 3 baths 1,914 sqft
Suggested offer$576,841$12,159 above the est. market value of $576,841.
View on Realtor.com →
Listed by Peter C. Perez · Best Investment Realty, Inc.
Typetownhomes
Built2018
Price / sqft$308
Est. value (own analysis)$576,841
Rent estimate (own analysis)$3,750/mo
HOA$189/mo
Wind10/10Extreme$Heat9/10ExtremeFlood3/10moderate$Air2/10MinorWildfire1/10Minimal
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-06-02
Removed date
MLSMiamiMLS #A12028901
Coordinates25.91744, -80.35428
Address
CityHialeah
StateFL
Zip33018
Listing ID5098056633
Sourceus-real-estate-listings, cached 2026-08-28

ZIP market snapshot (33018)

Typical home value (ZHVI)$530,396
Typical rent (ZORI)$3,006/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$589,000
Down payment (20.0%)$117,800
Loan amount$471,200
Closing costs (5.0%)$29,450
Total cash to close$147,250
Rent (comp-derived)$3,750$45,000
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$45,000
Vacancy rate (assumption) assumption8.0%

$45,000 × 8.0% = $3,600

Effective gross income$3,450$41,400
Property tax (placeholder 1.9% of price)$933$11,191
Insurance (est. scaled by flood & wind risk)$628$7,539
HOA dues$189$2,268
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$188$2,250
Total operating expenses$1,937$23,248
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$41,400
Total operating expenses derived$23,248

$41,400 − $23,248 = $18,152

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$471,200
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$471,200 amortized at 6.7% over 30 years = $3,028/mo

CapEx reserve (5.0% of GSR)$188$2,250
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$18,152
Annual debt service derived$36,337
Annual CapEx reserve assumption$2,250
Annual PMI assumption$0

($18,152 − $36,337 − $2,250 − $0) ÷ 12 = -$1,703

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$18,152
Purchase price data$589,000

$18,152 ÷ $589,000 = 3.1%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$20,435
Total cash to close derived$147,250

-$20,435 ÷ $147,250 = -13.9%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$18,152
Annual debt service derived$36,337

$18,152 ÷ $36,337 = 0.50

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$45,000
Purchase price data$589,000

($45,000 ÷ 12) ÷ $589,000 = 0.6%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$589,000
Gross scheduled rent (annual) comp$45,000

$589,000 ÷ $45,000 = 13.1

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$23,248
Effective gross income derived$41,400

$23,248 ÷ $41,400 = 56.2%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$23,248
Annual debt service derived$36,337
Annual PMI assumption$0
Gross scheduled rent (annual) comp$45,000

($23,248 + $36,337 + $0) ÷ $45,000 = 132.4%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
townhomes431,914$3,6502026-07-07
townhomes441,908$3,7002026-06-30
townhomes431,869$3,8002026-07-06
townhomes431,914$3,9002026-08-12

3409 W 104th Ter

Hialeah, 33018 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,914
Listed2026-07-07
Days on market

Asking rent: $3,650

View on Zillow →

15668 NW 91st Ct

Miami Lakes, 33018 · rent comp

Bedrooms / bathrooms4 bd / 4 ba
Square footage1,908
Listed2026-06-30
Days on market

Asking rent: $3,700

View on Zillow →

9336 W 34th Ct

Hialeah, 33018 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,869
Listed2026-07-06
Days on market

Asking rent: $3,800

View on Zillow →

10377 W 34th Ct Unit 10377

Hialeah, 33018 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,914
Listed2026-08-12
Days on market

Asking rent: $3,900

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
3467 W 89th Ter Unit 3467townhomes431,862$510,0002026-08-07
8001 W 36th Ave Apt 1townhomes451,464$475,0002026-07-22
3335 W 94th Tertownhomes431,962$565,0002026-07-13
3366 W 90th Tertownhomes431,862$485,5002026-07-10
15819 NW 91st Cttownhomes441,908$605,0002026-05-29
8903 NW 184th Tertownhomes431,921$575,0002026-05-21
3375 W 100th Tertownhomes431,781$585,0002026-05-20
3234 W 100th Tertownhomes431,781$575,0002026-05-19
3364 W 90th Sttownhomes421,862$565,0002026-04-10
3337 W 91st Tertownhomes421,862$587,0002026-03-30
3353 W 91st Tertownhomes431,862$535,0002026-03-27
10441 W 32nd Lntownhomes431,959$585,0002026-03-23

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
condo_townhome_rowhome_coop431,240$495,000
10033 NW 126th Tersingle_family431,515$620,000
8875 NW 161st Tersingle_family442,543$1,049,000
16732 NW 89th Plsingle_family432,415$1,185,000
14172 NW 87th Ctsingle_family431,806$835,000
8900 NW 161st Tersingle_family432,847$1,295,000
16012 NW 91st Cttownhomes441,908$624,900
9023 NW 161st Tersingle_family432,847$1,250,000

10-year hold projection

IRR0.9%
Equity multiple1.14x
Total return (10yr)$98,283
YearProperty valueNOICash flowLoan balanceEquity
1$606,670$18,152-$20,435$466,091$140,579
2$624,870$18,813-$19,830$460,631$164,239
3$643,616$19,496-$19,205$454,797$188,819
4$662,925$20,203-$18,557$448,561$214,363
5$682,812$20,934-$17,886$441,898$240,914
6$703,297$21,691-$17,192$434,777$268,520
7$724,396$22,473-$16,473$427,167$297,229
8$746,128$23,282-$15,729$419,034$327,093
9$768,511$24,119-$14,960$410,343$358,168
10$791,567$24,984-$14,163$401,055$390,512
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.