1305 W 53rd St Apt 429
Hialeah, FL 33012 · condos · For Sale · 140 days on market
Asking price$250,000
1 beds 2 baths 810 sqft
Suggested offer$212,576$37,424 above the est. market value of $212,576.
View on Realtor.com →Listed by Rogelio Lucas · Stratwell
Typecondos
Built1971
Price / sqft$309
Est. value (own analysis)$212,576
Rent estimate (own analysis)$1,900/mo
HOA$266/mo
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Statusfor_sale
Listed date2026-04-15
Removed date—
MLSMiamiMLS #A12001631
Coordinates25.87045, -80.30901
Address1305 W 53rd St Apt 429
CityHialeah
StateFL
Zip33012
Listing ID5249888205
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 | $250,000 |
| Down payment (20.0%) | $50,000 |
| Loan amount | $200,000 |
| Closing costs (5.0%) | $12,500 |
| Total cash to close | $62,500 |
| Income | |
| Rent (comp-derived) | $1,900$22,800 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,748$20,976 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $396$4,750 |
| Insurance (placeholder 0.8% of price) | $167$2,000 |
| HOA dues | $266$3,192 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $95$1,140 |
| Total operating expenses | $924$11,082 |
| 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) | $95$1,140 |
| 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
Same ZIP. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| apartment | 1 | 1.5 | 750 | $1,750 | 2025-08-05 | — | |
| apartment | 1 | 1 | 656 | $1,966 | 2025-03-08 | — | |
| apartment | 1 | 1 | 700 | $1,900 | 2026-08-19 | — | |
| condos | 1 | 1 | 729 | $1,700 | 2026-06-24 | — | |
| condos | 1 | 1 | 591 | $1,730 | 2026-08-24 | — | |
| condos | 1 | 1 | 625 | $1,750 | 2026-07-09 | — | |
| condos | 1 | 1 | 660 | $1,750 | 2026-07-21 | — | |
| condos | 1 | 1 | 583 | $1,750 | 2026-08-12 | — | |
| condos | 1 | 2 | 770 | $1,780 | 2026-08-24 | — | |
| condos | 1 | 1 | 583 | $1,686 | 2026-08-19 | — | |
| apartment | 1 | 1 | 602 | $1,750 | 2026-02-08 | — | |
| condos | 1 | 1 | 591 | $1,700 | 2026-07-29 | — | |
| apartment | 1 | 1 | 712 | $1,850 | 2026-08-18 | — | |
| condos | 1 | 2 | 810 | $1,800 | 2026-08-10 | — | |
| condos | 1 | 1 | 597 | $1,675 | 2026-08-17 | — | |
| apartment | 1 | 1 | 615 | $2,100 | 2025-09-29 | — | |
| apartment | 1 | 1 | 700 | $1,950 | 2026-04-29 | — | |
| condos | 1 | 1 | 790 | $1,785 | 2026-07-22 | — | |
| condos | 1 | 1 | 597 | $1,650 | 2026-06-08 | — | |
| apartment | 1 | 1 | 712 | $1,750 | 2025-11-21 | — | |
| apartment | 1 | 1 | 660 | $1,950 | 2026-07-27 | — | |
| apartment | 1 | 1 | 600 | $1,600 | 2026-05-22 | — | |
| apartment | 1 | 1 | 680 | $1,650 | 2026-08-20 | — | |
| apartment | 1 | 1 | 800 | $2,171 | — | — | |
| apartment | 1 | 1 | 800 | $2,193 | — | — | |
| apartment | 1 | 1 | 800 | $2,164 | — | — | |
| apartment | 1 | 2 | 810 | $2,197 | — | — | |
| apartment | 1 | 1 | 800 | $2,171 | — | — | |
| apartment | 1 | 2 | 810 | $2,219 | — | — | |
| apartment | 1 | 2 | 810 | $2,219 | — | — | |
| apartment | 1 | 1 | 840 | $2,328 | — | — | |
| apartment | 1 | 1 | 660 | $2,340 | — | — | |
| apartment | 1 | 1 | 660 | $2,340 | — | — | |
| apartment | 1 | 1 | 660 | $2,340 | — | — | |
| apartment | 1 | 1 | 690 | $1,999 | 2026-08-07 | — | |
| apartment | 1 | 1 | 825 | $1,850 | — | — | |
| apartment | 1 | 1 | 825 | $1,850 | — | — | |
| apartment | 1 | 1 | 825 | $1,950 | — | — | |
| apartment | 1 | 2 | 810 | $2,197 | — | — | |
| apartment | 1 | 1 | 840 | $2,350 | — | — | |
| apartment | 1 | 2 | 810 | $2,219 | — | — | |
| apartment | 1 | 1 | 670 | $2,099 | 2026-06-29 | — | |
| apartment | 1 | 1 | 670 | $1,990 | 2025-06-23 | — | |
| apartment | 1 | 1 | 720 | $2,180 | 2025-08-06 | — | |
| apartment | 1 | 1 | 625 | $1,775 | 2026-08-15 | — | |
| apartment | 1 | 1 | 625 | $1,750 | 2026-08-27 | — | |
| condos | 1 | 1 | 745 | $1,730 | 2026-08-30 | — | |
| apartment | 1 | 1 | 731 | $1,900 | 2026-08-31 | — |
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 |
|---|---|---|---|---|---|---|
| 1655 W 44th Pl Apt 315 | condos | 1 | 1 | 625 | $173,900 | 2026-08-04 |
| 1805 W 56th St Apt 113 | condos | 1 | 1 | 550 | $185,000 | 2026-07-28 |
| 1725 W 60th St Apt F330 | condos | 1 | 1 | 790 | $190,000 | 2026-07-15 |
| 1825 W 44th Pl Apt 206 | condos | 1 | 1 | 712 | $200,000 | 2026-05-29 |
| 1280 W 54th St Apt 308B | condos | 1 | 1 | 583 | $165,000 | 2026-05-12 |
| 1154 W 35th St Apt 221 | condos | 1 | 1 | 591 | $160,000 | 2026-05-07 |
| 1950 W 54th St Apt 313 | condos | 1 | 1 | 864 | $179,900 | 2026-03-19 |
| 1900 W 54th St Apt 213 | condos | 1 | 1 | 820 | $184,000 | 2026-03-04 |
| 1255 W 49th Pl Apt H202 | condos | 1 | 1 | 516 | $175,000 | 2026-02-03 |
| 6070 W 19th Ave Apt 110 | condos | 1 | 1 | 729 | $177,000 | 2026-01-15 |
| 1750 W 56th St Apt 231 | condos | 1 | 1 | 777 | $165,000 | 2025-12-30 |
| 6190 W 19th Ave Apt 212 | condos | 1 | 1 | 700 | $175,000 | 2025-12-16 |
| 1225 W 35th St Apt 14A | condos | 1 | 1 | 675 | $160,000 | 2025-11-26 |
| 1154 W 35th St Apt 231 | condos | 1 | 1 | 591 | $170,000 | 2025-11-21 |
| 5775 W 20th Ave Apt 213 | condos | 1 | 1 | 725 | $188,000 | 2025-11-12 |
| 6130 W 19th Ave Apt 212 | condos | 1 | 1 | 700 | $185,900 | 2025-09-30 |
| 1900 W 54th St Apt 113 | condos | 1 | 1 | 820 | $195,000 | 2025-09-18 |
| 6130 W 19th Ave Apt 215 | condos | 1 | 1 | 700 | $199,000 | 2025-09-10 |
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 |
|---|---|---|---|---|---|---|
| 6095 W 18th Ave Apt S314 | condos | 1 | 1 | 660 | $199,998 | — |
| 1305 W 46th St Apt 108 | condos | 1 | 1 | 743 | $187,000 | — |
| 6095 W 18th Ave Apt S306 | condos | 1 | 1 | 778 | $190,000 | — |
| 6095 W 18th Ave Apt S219 | condos | 1 | 1 | 660 | $199,000 | — |
| 1975 W 44th Pl Unit 310 | condos | 1 | 2 | 808 | $175,000 | — |
| 1855 W 60th St Apt 407 | condos | 1 | 2 | 741 | $195,000 | — |
| 1725 W 60th St Apt F126 | condos | 1 | 1 | 790 | $220,000 | — |
| 1825 W 44th Pl Apt 806 | condos | 1 | 1 | 712 | $195,000 | — |
10-year hold projection
IRR3.2%
Equity multiple1.52x
Total return (10yr)$65,060
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $257,500 | $9,894 | -$6,669 | $197,832 | $59,668 |
| 2 | $265,225 | $10,246 | -$6,345 | $195,514 | $69,711 |
| 3 | $273,182 | $10,610 | -$6,010 | $193,038 | $80,144 |
| 4 | $281,377 | $10,987 | -$5,664 | $190,391 | $90,986 |
| 5 | $289,819 | $11,376 | -$5,305 | $187,563 | $102,255 |
| 6 | $298,513 | $11,779 | -$4,934 | $184,541 | $113,972 |
| 7 | $307,468 | $12,195 | -$4,550 | $181,311 | $126,158 |
| 8 | $316,693 | $12,625 | -$4,153 | $177,859 | $138,834 |
| 9 | $326,193 | $13,069 | -$3,743 | $174,170 | $152,023 |
| 10 | $335,979 | $13,529 | -$3,318 | $170,228 | $165,751 |
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.