324 E 34th St
Hialeah, FL 33013 · multi_family · Pending — under contract · 766 days on market
Asking price$1,299,000
7 beds 6 baths 3,030 sqft
Suggested offer$840,522$458,478 above the est. market value of $840,522.
View on Realtor.com →Listed by Jesus Mendoza · Jm & Associates Realty Inc
Typemulti_family
Built1981
Price / sqft$429
Est. value (own analysis)$840,522
Rent estimate (building total, own analysis)$9,938/mo
HOANone
1 / 40
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Statusfor_sale
Listed date2024-07-28
Removed date—
MLSMiamiMLS #A11631258
Coordinates25.85298, -80.27620
Address324 E 34th St
CityHialeah
StateFL
Zip33013
Listing ID5335086861
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)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $1,299,000 |
| Down payment (20.0%) | $259,800 |
| Loan amount | $1,039,200 |
| Closing costs (5.0%) | $64,950 |
| Total cash to close | $324,750 |
| Income | |
| Rent (estimate) | $9,938$119,261 |
| Vacancy loss (8.0%) | |
| Effective gross income | $9,143$109,720 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,057$24,681 |
| Insurance (placeholder 0.8% of price) | $866$10,392 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $497$5,963 |
| Total operating expenses | $3,420$41,036 |
| 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) | $497$5,963 |
| 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 |
|---|---|---|---|---|---|---|
| 447 E 32nd St | multi_family | — | — | 4,312 | $735,000 | 2026-08-20 |
| 541 E 38th St | multi_family | 4 | 2 | 2,677 | $895,000 | 2026-07-13 |
| 540 E 44th St | multi_family | 3 | 2 | 1,772 | $345,000 | 2026-06-08 |
| 252 E 36th St | multi_family | — | — | 2,544 | $650,000 | 2026-05-15 |
| 5168 E 8th Ln | multi_family | 3 | 2 | 1,337 | $640,000 | 2026-05-04 |
| 971 E 18th St | multi_family | — | — | 2,345 | $700,000 | 2026-01-14 |
| 26 E 48th St | multi_family | — | — | 2,179 | $700,000 | 2025-12-09 |
| 740 E 41st St | multi_family | — | — | 3,228 | $750,000 | 2025-10-28 |
| 1001 E 18th St | multi_family | 4 | 1 | 2,029 | $520,000 | 2025-10-17 |
| 4776 E 10th Ave | multi_family | — | — | 1,740 | $715,000 | 2025-10-15 |
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 |
|---|---|---|---|---|---|---|
| 350 W 16th St | single_family | 7 | 6 | 1,000 | $825,000 | — |
| 3180 W 3rd Ave | single_family | 7 | 3 | 3,227 | $899,000 | — |
| 367 W 33rd St | single_family | 7 | 3 | 2,843 | $895,000 | — |
| 142 E 45th St | single_family | 7 | 6 | 1,481 | $749,999 | — |
10-year hold projection
IRR7.0%
Equity multiple2.11x
Total return (10yr)$531,333
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,337,970 | $68,684 | -$17,417 | $1,027,933 | $310,037 |
| 2 | $1,378,109 | $70,950 | -$15,301 | $1,015,892 | $362,217 |
| 3 | $1,419,452 | $73,288 | -$13,115 | $1,003,024 | $416,428 |
| 4 | $1,462,036 | $75,703 | -$10,857 | $989,272 | $472,764 |
| 5 | $1,505,897 | $78,195 | -$8,526 | $974,577 | $531,320 |
| 6 | $1,551,074 | $80,767 | -$6,118 | $958,872 | $592,202 |
| 7 | $1,597,606 | $83,422 | -$3,631 | $942,088 | $655,518 |
| 8 | $1,645,534 | $86,163 | -$1,064 | $924,152 | $721,382 |
| 9 | $1,694,900 | $88,992 | $1,588 | $904,984 | $789,916 |
| 10 | $1,745,747 | $91,911 | $4,326 | $884,500 | $861,247 |
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.