955 W 23rd St
Hialeah, FL 33010 · multi_family · Pending — under contract · 153 days on market
Asking price$1,250,000
8 beds 4 baths 3,544 sqft
Suggested offer$1,219,349$30,651 above the est. market value of $1,219,349.
View on Realtor.com →Listed by Maurico Villasuso · Fausto Commercial Realty Consultants Inc
Typemulti_family
Built1969
Price / sqft$353
Est. value (own analysis)$1,219,349
Rent estimate (building total, own analysis)$8,860/mo
HOANone
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Statusfor_sale
Listed date2026-04-02
Removed date—
MLSMiamiMLS #A11993310
Coordinates25.84280, -80.30119
Address955 W 23rd St
CityHialeah
StateFL
Zip33010
Listing ID5320731984
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33010)
Typical home value (ZHVI)$536,631
Typical rent (ZORI)$2,166/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 | $1,250,000 |
| Down payment (20.0%) | $250,000 |
| Loan amount | $1,000,000 |
| Closing costs (5.0%) | $62,500 |
| Total cash to close | $312,500 |
| Income | |
| Rent (estimate) | $8,860$106,320 |
| Vacancy loss (8.0%) | |
| Effective gross income | $8,151$97,814 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,979$23,750 |
| Insurance (placeholder 0.8% of price) | $833$10,000 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $443$5,316 |
| Total operating expenses | $3,256$39,066 |
| 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) | $443$5,316 |
| 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.
No active rental listings cached yet for this bedroom count.
Widened to any bedroom count in ZIP. 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 |
|---|---|---|---|---|---|---|
| 233 E 7th St | multi_family | — | — | 2,374 | $820,000 | 2026-08-31 |
| 155 W 26th St | multi_family | — | — | 1,627 | $447,500 | 2026-07-19 |
| 2390 W 11th Ave | multi_family | 6 | 4 | 2,110 | $618,750 | 2026-07-13 |
| 351 E 14th St | multi_family | — | — | 1,488 | $550,000 | 2026-06-18 |
| 36 E 17th St | multi_family | — | — | 2,364 | $590,000 | 2026-06-05 |
| 59 E 14th St | multi_family | 4 | 2 | 1,620 | $734,000 | 2026-05-26 |
| 27 E 12th St | multi_family | — | — | 1,508 | $620,000 | 2026-04-21 |
| 65 E 8th St | multi_family | 8 | 4 | 4,856 | $1,400,000 | 2026-04-10 |
| 1166 W 24th St | multi_family | — | — | 1,183 | $800,000 | 2026-03-27 |
| 1168 W 24th St | multi_family | — | — | 1,183 | $800,000 | 2026-03-27 |
| 860 SE 9th Ct | multi_family | 6 | 2 | 2,403 | $800,000 | 2026-03-18 |
| 615 E 2nd Ave | multi_family | 6 | 4 | 3,490 | $504,375 | 2026-03-04 |
| 643 E 2nd Ave | multi_family | 6 | 4 | 3,490 | $676,500 | 2026-03-04 |
| 6623363004 | multi_family | — | — | 2,429 | $890,000 | 2026-02-11 |
| 990 E 2nd St | multi_family | — | — | 1,529 | $603,000 | 2026-02-02 |
| 432 E 16th St | multi_family | 6 | 4 | 3,100 | $2,240,000 | 2026-01-22 |
| 440 E 16th St # 436 | multi_family | 6 | 4 | 3,100 | $2,240,000 | 2026-01-22 |
| 240 E 11th St | multi_family | 6 | 2 | 2,588 | $550,000 | 2026-01-09 |
| 74 W 11th St | multi_family | 5 | 3 | 2,983 | $2,000,000 | 2026-01-08 |
| 60 W 11th St | multi_family | 7 | 7 | 3,821 | $2,000,000 | 2026-01-08 |
| 2655 W 10th Ct | multi_family | 4 | 2 | 2,258 | $534,900 | 2025-12-15 |
| 911 E 14th Pl | multi_family | — | — | 2,780 | $745,000 | 2025-12-05 |
| 145 W 12th St | multi_family | 4 | 4 | 2,460 | $800,000 | 2025-12-02 |
| 25 W 9th St | multi_family | 5 | 5 | 2,772 | $950,000 | 2025-11-20 |
| 190 E 16th St | multi_family | — | — | 4,353 | $920,000 | 2025-11-17 |
| 80 W 20th St | multi_family | — | — | 2,054 | $845,000 | 2025-10-31 |
| 938 SE 12th St | multi_family | — | — | 1,912 | $750,000 | 2025-10-10 |
| 22 W 11th St | multi_family | 4 | 4 | 2,490 | $820,000 | 2025-09-19 |
| 40 E 12th St | multi_family | 6 | 4 | 2,750 | $850,000 | 2025-09-16 |
| 1172 W 3rd Ave | multi_family | 4 | 2 | 1,368 | $690,000 | 2025-09-08 |
Widened to city-wide. 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 |
|---|---|---|---|---|---|---|
| 952 E 19th St | multi_family | 8 | 5 | 3,248 | $995,000 | — |
| 236 E 56th St | single_family | 8 | 7 | 4,272 | $1,250,000 | — |
| 36 W 37th St | multi_family | 8 | 5 | 3,030 | $1,100,000 | — |
10-year hold projection
IRR5.4%
Equity multiple1.86x
Total return (10yr)$431,711
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,287,500 | $58,748 | -$23,683 | $989,158 | $298,342 |
| 2 | $1,326,125 | $60,706 | -$21,858 | $977,571 | $348,554 |
| 3 | $1,365,909 | $62,728 | -$19,973 | $965,189 | $400,720 |
| 4 | $1,406,886 | $64,815 | -$18,025 | $951,956 | $454,930 |
| 5 | $1,449,093 | $66,969 | -$16,014 | $937,814 | $511,278 |
| 6 | $1,492,565 | $69,194 | -$13,936 | $922,702 | $569,864 |
| 7 | $1,537,342 | $71,491 | -$11,789 | $906,551 | $630,791 |
| 8 | $1,583,463 | $73,862 | -$9,572 | $889,292 | $694,171 |
| 9 | $1,630,966 | $76,310 | -$7,282 | $870,847 | $760,119 |
| 10 | $1,679,895 | $78,838 | -$4,917 | $851,136 | $828,760 |
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.