690 E 46th St
Hialeah, FL 33013 · single_family · Pending — under contract · 55 days on market
Asking price$575,000
2 beds 1 baths 720 sqft
Suggested offer$287,566$287,434 above the est. market value of $287,566.
View on Realtor.com →Listed by Dunia Gomez · Genesis Realty Services Inc.
Typesingle_family
Built1949
Price / sqft$799
Est. value (own analysis)$287,566
Rent estimate (own analysis)$2,600/mo
HOANone
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Statusfor_sale
Listed date2026-07-09
Removed date—
MLSMiamiMLS #A12050832
Coordinates25.86425, -80.26890
Address690 E 46th St
CityHialeah
StateFL
Zip33013
Listing ID5408761019
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 | $575,000 |
| Down payment (20.0%) | $115,000 |
| Loan amount | $460,000 |
| Closing costs (5.0%) | $28,750 |
| Total cash to close | $143,750 |
| Income | |
| Rent (comp-derived) | $2,600$31,200 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,392$28,704 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $910$10,925 |
| Insurance (placeholder 0.8% of price) | $383$4,600 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $130$1,560 |
| Total operating expenses | $1,424$17,085 |
| 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) | $130$1,560 |
| 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 |
|---|---|---|---|---|---|---|---|
| single_family | 2 | 1 | 1,492 | $2,500 | 2026-04-10 | — | |
| single_family | 2 | 1 | 1,460 | $2,600 | 2026-03-10 | — | |
| single_family | 2 | 1 | 720 | $3,600 | 2026-08-05 | — |
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 |
|---|---|---|---|---|---|---|
| 690 E 46th St | single_family | 2 | 1 | 720 | $495,000 | 2026-08-27 |
| 521 E 33rd St | single_family | 2 | 1 | 810 | $549,900 | 2026-08-26 |
| 4925 E 9th Ct | single_family | 2 | 1 | 1,875 | $560,000 | 2026-07-22 |
| 4795 E 8th Ct | single_family | 2 | 1 | 1,537 | $415,000 | 2026-06-26 |
| 380 E 56th St | single_family | 2 | 1 | 1,131 | $515,000 | 2026-06-09 |
| 26 E 45th St | single_family | 2 | 1 | 1,462 | $600,000 | 2026-05-27 |
| 800 E 19th St | single_family | 2 | 1 | 832 | $650,000 | 2026-05-15 |
| 190 E 45th St | single_family | 2 | 1 | 1,835 | $640,000 | 2026-04-02 |
| 463 E 61st St | single_family | 2 | 1 | 940 | $525,000 | 2026-04-02 |
| 4150 E 9th Ct | single_family | 2 | 1 | 1,472 | $550,000 | 2026-03-26 |
| 466 E 62nd St | single_family | 2 | 1 | 1,118 | $545,000 | 2026-03-16 |
| 310 E 44th St | single_family | 2 | 1 | 1,528 | $330,000 | 2026-03-02 |
| 282 E 55th St | single_family | 2 | 1 | 1,235 | $390,000 | 2026-02-16 |
| 471 E 60th St | single_family | 2 | 1 | 1,916 | $415,000 | 2026-01-15 |
| 509 E 21st St | single_family | 2 | 2 | 728 | $325,000 | 2025-12-24 |
| 277 E 63rd St | single_family | 2 | 2 | 1,327 | $530,000 | 2025-12-16 |
| 551 E 63rd St | single_family | 2 | 1 | 1,207 | $347,500 | 2025-11-05 |
| 510 E 49th St | single_family | 2 | 1 | 2,048 | $750,000 | 2025-10-06 |
| 725 E 19th St | single_family | 2 | 1 | 780 | $440,000 | 2025-09-26 |
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.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 363 E 62nd St | single_family | 2 | 1 | 1,098 | $549,950 | — |
| 890 E 52nd St | single_family | 2 | 1 | 1,080 | $395,000 | — |
| 651 E 48th St | single_family | 2 | 1 | 720 | $525,000 | — |
| 6084 E 7th Ave | single_family | 2 | 2 | 962 | $614,999 | — |
| 782 E 37th St | single_family | 2 | 1 | 825 | $999,999 | — |
10-year hold projection
IRR-1.8%
Equity multiple0.70x
Total return (10yr)$31,671
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $592,250 | $11,619 | -$25,414 | $455,013 | $137,237 |
| 2 | $610,018 | $12,053 | -$25,019 | $449,683 | $160,335 |
| 3 | $628,318 | $12,502 | -$24,610 | $443,987 | $184,331 |
| 4 | $647,168 | $12,967 | -$24,186 | $437,900 | $209,268 |
| 5 | $666,583 | $13,448 | -$23,747 | $431,395 | $235,188 |
| 6 | $686,580 | $13,946 | -$23,292 | $424,443 | $262,137 |
| 7 | $707,177 | $14,461 | -$22,821 | $417,014 | $290,163 |
| 8 | $728,393 | $14,994 | -$22,334 | $409,075 | $319,318 |
| 9 | $750,245 | $15,545 | -$21,829 | $400,590 | $349,654 |
| 10 | $772,752 | $16,115 | -$21,306 | $391,523 | $381,229 |
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.