562 E 44th St

Hialeah, FL 33013 · single_family · Pending — under contract · 33 days on market
Asking price$580,000
5 beds 3 baths 2,213 sqft
View on Realtor.com →
Listed by Javier Laffont · Partnership Realty Inc.
Typesingle_family
Built1953
Price / sqft$262
Est. value (own analysis)$666,224
Rent estimate (own analysis)$5,000/mo
HOANone
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Neighborhood

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Statusfor_sale
Listed date2026-07-31
Removed date
MLSMiamiMLS #A12063054
Coordinates25.86235, -80.27138
Address562 E 44th St
CityHialeah
StateFL
Zip33013
Listing ID5379507254
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)

Purchase price$580,000
Down payment (20.0%)$116,000
Loan amount$464,000
Closing costs (5.0%)$29,000
Total cash to close$145,000
Rent (comp-derived)$5,000$60,000
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$60,000
Vacancy rate (assumption) assumption8.0%

$60,000 × 8.0% = $4,800

Effective gross income$4,600$55,200
Property tax (placeholder 1.9% of price)$918$11,020
Insurance (placeholder 0.8% of price)$387$4,640
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$250$3,000
Total operating expenses$1,555$18,660
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$55,200
Total operating expenses derived$18,660

$55,200 − $18,660 = $36,540

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$464,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$464,000 amortized at 6.7% over 30 years = $2,982/mo

CapEx reserve (5.0% of GSR)$250$3,000
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$36,540
Annual debt service derived$35,781
Annual CapEx reserve assumption$3,000
Annual PMI assumption$0

($36,540 − $35,781 − $3,000 − $0) ÷ 12 = -$187

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$36,540
Purchase price data$580,000

$36,540 ÷ $580,000 = 6.3%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$2,241
Total cash to close derived$145,000

-$2,241 ÷ $145,000 = -1.5%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$36,540
Annual debt service derived$35,781

$36,540 ÷ $35,781 = 1.02

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$60,000
Purchase price data$580,000

($60,000 ÷ 12) ÷ $580,000 = 0.9%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$580,000
Gross scheduled rent (annual) comp$60,000

$580,000 ÷ $60,000 = 9.7

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$18,660
Effective gross income derived$55,200

$18,660 ÷ $55,200 = 33.8%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$18,660
Annual debt service derived$35,781
Annual PMI assumption$0
Gross scheduled rent (annual) comp$60,000

($18,660 + $35,781 + $0) ÷ $60,000 = 90.7%

Comparables

Widened to city-wide. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family532,540$3,920
single_family541,769$5,450
single_family521,750$4,9002026-07-01
single_family552,759$5,1002026-08-07
single_family552,909$5,9002026-08-04
single_family532,263$4,200

623 W 63rd Dr

Hialeah, 33012 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage2,540
Listed
Days on market

Asking rent: $3,920

View on Zillow →

5862 W 2nd Ct

Hialeah, 33012 · rent comp

Bedrooms / bathrooms5 bd / 4 ba
Square footage1,769
Listed
Days on market

Asking rent: $5,450

View on Zillow →

3455 E 1st Ct Unit 3455

Hialeah, 33013 · rent comp

Bedrooms / bathrooms5 bd / 2 ba
Square footage1,750
Listed2026-07-01
Days on market

Asking rent: $4,900

View on Zillow →

8843 W 34th Ave

Hialeah, 33018 · rent comp

Bedrooms / bathrooms5 bd / 5 ba
Square footage2,759
Listed2026-08-07
Days on market

Asking rent: $5,100

View on Zillow →

10614 W 35th Ln

Hialeah, 33018 · rent comp

Bedrooms / bathrooms5 bd / 5 ba
Square footage2,909
Listed2026-08-04
Days on market

Asking rent: $5,900

View on Zillow →

11035 W 35th Way # 11035

Hialeah, 33018 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage2,263
Listed
Days on market

Asking rent: $4,200

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
20 E 52nd Plsingle_family541,982$640,0002026-08-12
1051 E 18th Stsingle_family541,780$525,0002026-07-20
3600 E 5th Avesingle_family531,913$655,0002026-06-29
636 E 42nd Stsingle_family532,389$460,0002026-06-25
670 E 45th Stsingle_family521,614$596,0002026-05-22
880 E 28th Stsingle_family541,692$590,0002026-03-10
4660 E 4th Avesingle_family531,720$430,0002026-01-26
675 E 31st Stsingle_family532,001$630,0002026-01-23
105 E 55th Stsingle_family531,788$655,0002026-01-06
385 E 56th Stsingle_family522,081$639,1852025-12-24
533 E 61st Stsingle_family532,226$770,0002025-12-17
499 E 41st Stsingle_family521,740$440,0002025-12-15
230 E 62nd Stsingle_family531,932$595,0002025-12-09
370 E 58th Stsingle_family542,698$610,0002025-11-18
9293281466single_family542,698$610,0002025-11-18
602 E 50th Stsingle_family532,365$650,0002025-11-10
75 E 41st Stsingle_family531,542$430,5032025-10-30
380 E 45th Stsingle_family542,290$585,0002025-09-26

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
458 E 20th Stmulti_family542,211$849,999
single_family543,389$659,900
890 E 38th Stsingle_family532,318$815,000
542 E 20th Stsingle_family541,260$700,000
4719 E 8th Ctsingle_family531,514$634,900
890 E 28th Stsingle_family542,737$1,050,000
309 E 49th Stsingle_family531,204$1,900,000
758 E 20th Stsingle_family532,531$599,995

10-year hold projection

IRR9.9%
Equity multiple2.55x
Total return (10yr)$300,871
YearProperty valueNOICash flowLoan balanceEquity
1$597,400$36,540-$2,241$458,969$138,431
2$615,322$37,730-$1,127$453,593$161,729
3$633,782$38,957$24$447,847$185,934
4$652,795$40,224$1,212$441,707$211,088
5$672,379$41,531$2,438$435,146$237,233
6$692,550$42,880$3,704$428,133$264,417
7$713,327$44,272$5,011$420,640$292,687
8$734,727$45,708$6,361$412,631$322,095
9$756,768$47,190$7,754$404,073$352,696
10$779,472$48,720$9,192$394,927$384,545
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.