1450 W 37th St
Hialeah, FL 33012 · single_family · Pending — under contract · 93 days on market
Asking price$850,000
5 beds 3 baths 2,728 sqft
Listed by Ernesto Alejandro Figueredo · Elite Visio Realty LLC
Typesingle_family
Built1965
Price / sqft$312
Est. value (own analysis)$908,342
Rent estimate (own analysis)$5,300/mo
HOANone
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Statusfor_sale
Listed date2026-06-01
Removed date—
MLSBeachesMLS #B26035537
Coordinates25.85502, -80.31161
Address1450 W 37th St
CityHialeah
StateFL
Zip33012
Listing ID5230219889
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33012)
Typical home value (ZHVI)$385,585
Typical rent (ZORI)$2,270/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)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $850,000 |
| Down payment (20.0%) | $170,000 |
| Loan amount | $680,000 |
| Closing costs (5.0%) | $42,500 |
| Total cash to close | $212,500 |
| Income | |
| Rent (comp-derived) | $5,300$63,600 |
| Vacancy loss (8.0%) | |
| Effective gross income | $4,876$58,512 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,346$16,150 |
| Insurance (placeholder 0.8% of price) | $567$6,800 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $265$3,180 |
| Total operating expenses | $2,178$26,130 |
| Net operating income (NOI) | |
| Debt service & reserves | |
| Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing) | |
| CapEx reserve (5.0% of GSR) | $265$3,180 |
| Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%) | $0$0 |
| Cash flow |
Cap rate
Cash-on-cash
DSCR
Rent-to-price (1% rule)
Gross rent multiplier
Operating expense ratio
Break-even occupancy
Comparables
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| single_family | 5 | 3 | 2,540 | $3,920 | — | — | |
| single_family | 5 | 5 | 2,759 | $5,100 | 2026-08-07 | — | |
| single_family | 5 | 3 | 3,316 | $6,000 | 2026-08-15 | — | |
| single_family | 5 | 5 | 2,909 | $5,900 | 2026-08-04 | — | |
| single_family | 5 | 3 | 2,263 | $4,200 | — | — | |
| single_family | 5 | 5 | 3,017 | $5,500 | — | — |
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.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 4265 W 8th Ave | single_family | 5 | 4 | 2,102 | $730,000 | 2026-08-05 |
| 937 W 33rd St | single_family | 5 | 4 | 2,599 | $810,000 | 2026-07-06 |
| 5431 W 2nd Ave | single_family | 5 | 2 | 1,476 | $604,000 | 2026-06-15 |
| 766 W 36th St | single_family | 5 | 3 | 2,136 | $695,000 | 2026-06-09 |
| 3920 W 3rd Ave | single_family | 5 | 2 | 1,847 | $655,000 | 2026-05-26 |
| 3581 W 2nd Ave | single_family | 5 | 2 | 1,485 | $440,000 | 2026-05-07 |
| 4141 W 4th Ave | single_family | 5 | 3 | 2,410 | $639,000 | 2026-05-05 |
| 6120 NW 110th Ter | single_family | 5 | 3 | 1,963 | $685,000 | 2026-05-01 |
| 261 W 41st St | single_family | 5 | 3 | 3,158 | $597,700 | 2026-04-10 |
| 1317 W 61st Pl | single_family | 5 | 2 | 1,900 | $630,000 | 2026-04-09 |
| 5355 W 5th Ln | single_family | 5 | 3 | 1,929 | $645,000 | 2026-03-24 |
| 900 W 50th Pl | single_family | 5 | 3 | 1,776 | $620,000 | 2026-02-19 |
| 6520 W 8th Ln | single_family | 5 | 3 | 2,055 | $690,000 | 2025-12-15 |
| 839 W 39th Pl | single_family | 5 | 5 | 3,864 | $860,000 | 2025-10-29 |
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.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 700 W 51st Pl | single_family | 5 | 4 | 2,293 | $895,000 | — |
| 142 W 35th St | single_family | 5 | 2 | 1,610 | $720,000 | — |
| 6265 W 10th Ave | single_family | 5 | 4 | 3,315 | $1,595,000 | — |
| 340 W 55th St | single_family | 5 | 3 | 2,421 | $719,997 | — |
| 6185 W 10th Ave | single_family | 5 | 4 | 1,852 | $2,000,000 | — |
| 733 W 33rd St | single_family | 5 | 3 | 2,280 | $650,000 | — |
| 4210 W 6th Ave | single_family | 5 | 3 | 2,100 | $829,900 | — |
| 380 W 30th St | single_family | 5 | 3 | 2,251 | $775,000 | — |
10-year hold projection
IRR2.9%
Equity multiple1.47x
Total return (10yr)$211,576
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $875,500 | $32,382 | -$23,236 | $672,627 | $202,873 |
| 2 | $901,765 | $33,484 | -$22,214 | $664,748 | $237,017 |
| 3 | $928,818 | $34,623 | -$21,157 | $656,328 | $272,490 |
| 4 | $956,682 | $35,798 | -$20,064 | $647,330 | $309,352 |
| 5 | $985,383 | $37,013 | -$18,935 | $637,714 | $347,669 |
| 6 | $1,014,944 | $38,268 | -$17,768 | $627,437 | $387,507 |
| 7 | $1,045,393 | $39,564 | -$16,563 | $616,455 | $428,937 |
| 8 | $1,076,755 | $40,902 | -$15,316 | $604,719 | $472,036 |
| 9 | $1,109,057 | $42,284 | -$14,028 | $592,177 | $516,881 |
| 10 | $1,142,329 | $43,712 | -$12,698 | $578,773 | $563,556 |
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.