790 E 48th St

Hialeah, FL 33013 · single_family · For Sale · 79 days on market
Asking price$780,000
3 beds 1 baths 1,000 sqft
Suggested offer$407,774$372,226 above the est. market value of $407,774.
View on Realtor.com →
Listed by Maria Elena Diaz · BRICKELL REALTY GROUP INTERNATIONAL LLC
Typesingle_family
Built1949
Price / sqft$780
Est. value (own analysis)$407,774
Rent estimate (own analysis)$3,000/mo
HOANone
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Neighborhood

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Statusfor_sale
Listed date2026-06-16
Removed date
MLSMiamiMLS #A12036405
Coordinates25.86613, -80.26700
Address790 E 48th St
CityHialeah
StateFL
Zip33013
Listing ID5398885545
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$780,000
Down payment (20.0%)$156,000
Loan amount$624,000
Closing costs (5.0%)$39,000
Total cash to close$195,000
Rent (comp-derived)$3,000$36,000
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$36,000
Vacancy rate (assumption) assumption8.0%

$36,000 × 8.0% = $2,880

Effective gross income$2,760$33,120
Property tax (placeholder 1.9% of price)$1,235$14,820
Insurance (placeholder 0.8% of price)$520$6,240
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$150$1,800
Total operating expenses$1,905$22,860
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$33,120
Total operating expenses derived$22,860

$33,120 − $22,860 = $10,260

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$624,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$624,000 amortized at 6.7% over 30 years = $4,010/mo

CapEx reserve (5.0% of GSR)$150$1,800
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$10,260
Annual debt service derived$48,120
Annual CapEx reserve assumption$1,800
Annual PMI assumption$0

($10,260 − $48,120 − $1,800 − $0) ÷ 12 = -$3,305

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$10,260
Purchase price data$780,000

$10,260 ÷ $780,000 = 1.3%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$39,660
Total cash to close derived$195,000

-$39,660 ÷ $195,000 = -20.3%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$10,260
Annual debt service derived$48,120

$10,260 ÷ $48,120 = 0.21

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$36,000
Purchase price data$780,000

($36,000 ÷ 12) ÷ $780,000 = 0.4%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$780,000
Gross scheduled rent (annual) comp$36,000

$780,000 ÷ $36,000 = 21.7

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$22,860
Effective gross income derived$33,120

$22,860 ÷ $33,120 = 69.0%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$22,860
Annual debt service derived$48,120
Annual PMI assumption$0
Gross scheduled rent (annual) comp$36,000

($22,860 + $48,120 + $0) ÷ $36,000 = 197.2%

Comparables

Same ZIP. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family321,220$2,5002026-06-29
single_family321,350$3,2002026-08-26
single_family311,117$3,0002026-06-02

101 E 51st Pl Unit 0

Hialeah, 33013 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,220
Listed2026-06-29
Days on market

Asking rent: $2,500

View on Zillow →

640 E 42nd St Unit 0

Hialeah, 33013 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,350
Listed2026-08-26
Days on market

Asking rent: $3,200

View on Zillow →

Hialeah, 33013 · rent comp

Bedrooms / bathrooms3 bd / 1 ba
Square footage1,117
Listed2026-06-02
Days on market

Asking rent: $3,000

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
533 E 23rd Stsingle_family321,488$495,0002026-09-02
571 E 60th Stsingle_family32960$550,0002026-08-27
5340 E 4th Avesingle_family321,240$525,0002026-08-19
6324 E 6th Avesingle_family321,307$630,0002026-08-18
508 E 40th Stsingle_family321,312$535,0002026-08-13
671 E 53rd Stsingle_family321,753$600,0002026-08-04
415 E 52nd Stsingle_family311,002$378,0002026-07-31
161 E 36th Stsingle_family321,040$545,0002026-07-28
434 E 21st Stsingle_family322,156$700,0002026-07-23
30 E 59th Stsingle_family321,803$660,0002026-07-22
300 E 43rd Stsingle_family321,750$577,6002026-07-14
251 E 49th Stsingle_family311,213$500,0002026-07-09
4997 E 9th Lnsingle_family321,985$425,0002026-07-08
3320 E 10th Avesingle_family31936$465,0002026-07-08
729 E 23rd Stsingle_family321,204$625,0002026-06-30
116 E 59th Stsingle_family32$600,0002026-06-29
4318 E 8th Ctsingle_family311,468$350,0002026-06-19
4347 E 9th Ctsingle_family321,000$500,0002026-06-16
721 E 29th Stsingle_family321,656$420,0002026-06-16
381 E 61st Stsingle_family321,486$555,0002026-06-10
4485 E 8th Avesingle_family311,403$515,0002026-06-09
775 E 31st Stsingle_family311,150$600,0002026-06-05
61 E 39th Stsingle_family311,258$400,0002026-06-01
667 E 20th Stsingle_family311,287$540,0002026-05-26
661 E 30th Stsingle_family311,430$580,0002026-05-26
141 E 52nd Plsingle_family311,000$585,0002026-05-26
5190 E 8th Lnsingle_family311,008$455,0002026-05-22
799 E 30th Stsingle_family321,721$555,0002026-05-13
257 E 38th Stsingle_family311,094$550,0002026-05-11
120 E 39th Stsingle_family31880$550,0002026-05-07
5015 E Palm Ctsingle_family311,653$595,0002026-05-04
681 E 45th Stsingle_family311,424$560,0002026-04-23
251 E 57th Stsingle_family311,505$497,0002026-04-23
4990 E 1st Avesingle_family311,402$530,0002026-04-21
5941 E 6th Avesingle_family321,308$649,0002026-04-17
940 E 21st Stsingle_family321,309$559,0002026-04-10
6341 E 6th Avesingle_family321,304$590,0002026-04-10
67 E 63rd Stsingle_family311,078$370,0002026-04-01
171 E 56th Stsingle_family321,343$600,0002026-03-31
3360 E 10th Avesingle_family31936$625,9992026-03-11
4631 E 8th Ctsingle_family321,000$535,0002026-03-10
3880 E 8th Lnsingle_family32924$550,0002026-03-10
4310 E 9th Lnsingle_family311,025$440,0002026-03-10
6340 E 3rd Avesingle_family311,579$230,0002026-03-09
1012 E 20th Stsingle_family321,450$600,0002026-03-06
614 E 56th Stsingle_family322,054$660,0002026-02-20
825 E 35th Stsingle_family322,616$620,0002026-02-10
665 E 31st Stsingle_family321,568$575,0002026-02-03
320 E 58th Stsingle_family311,040$560,0002026-01-16
4205 E 10th Avesingle_family311,670$680,0002026-01-15

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
267 E 56th Stsingle_family321,235$579,900
733 E 26th Stmulti_family321,886$500,000
4585 E 9th Lnsingle_family311,268$569,900
50 E 44th Stsingle_family31900$490,000
30 E 36th Stsingle_family321,515$600,000
3831 E 10th Avesingle_family321,719$649,000
367 E 46th Stsingle_family32948$539,000
500 E 30th Stsingle_family322,233$657,000

10-year hold projection

IRR-3.7%
Equity multiple0.39x
Total return (10yr)-$16,645
YearProperty valueNOICash flowLoan balanceEquity
1$803,400$10,260-$39,660$617,234$186,166
2$827,502$10,682-$39,283$610,004$217,498
3$852,327$11,120-$38,891$602,278$250,049
4$877,897$11,573-$38,485$594,021$283,876
5$904,234$12,044-$38,063$585,196$319,037
6$931,361$12,531-$37,625$575,766$355,595
7$959,302$13,036-$37,171$565,688$393,613
8$988,081$13,560-$36,699$554,919$433,162
9$1,017,723$14,103-$36,210$543,409$474,314
10$1,048,255$14,665-$35,703$531,109$517,145
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.