651 E 48th St
Hialeah, FL 33013 · single_family · Pending — under contract · 40 days on market
Asking price$525,000
2 beds 1 baths 720 sqft
Suggested offer$287,566$237,434 above the est. market value of $287,566.
View on Realtor.com →Listed by Manuel Montes · United Realty Group Inc.
Typesingle_family
Built1948
Price / sqft$729
Est. value (own analysis)$287,566
Rent estimate (own analysis)$2,600/mo
HOANone
1 / 53
Show every detail
Statusfor_sale
Listed date2026-07-25
Removed date—
MLSMiamiMLS #A12059736
Coordinates25.86659, -80.26960
Address651 E 48th St
CityHialeah
StateFL
Zip33013
Listing ID5410885178
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 | $525,000 |
| Down payment (20.0%) | $105,000 |
| Loan amount | $420,000 |
| Closing costs (5.0%) | $26,250 |
| Total cash to close | $131,250 |
| 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) | $831$9,975 |
| Insurance (placeholder 0.8% of price) | $350$4,200 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $130$1,560 |
| Total operating expenses | $1,311$15,735 |
| 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 | — |
| 6084 E 7th Ave | single_family | 2 | 2 | 962 | $614,999 | — |
| 690 E 46th St | single_family | 2 | 1 | 720 | $575,000 | — |
| 782 E 37th St | single_family | 2 | 1 | 825 | $999,999 | — |
10-year hold projection
IRR-0.7%
Equity multiple0.89x
Total return (10yr)$54,492
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $540,750 | $12,969 | -$20,979 | $415,446 | $125,304 |
| 2 | $556,973 | $13,437 | -$20,551 | $410,580 | $146,393 |
| 3 | $573,682 | $13,920 | -$20,107 | $405,379 | $168,302 |
| 4 | $590,892 | $14,421 | -$19,648 | $399,822 | $191,071 |
| 5 | $608,619 | $14,938 | -$19,172 | $393,882 | $214,737 |
| 6 | $626,877 | $15,473 | -$18,680 | $387,535 | $239,342 |
| 7 | $645,684 | $16,026 | -$18,171 | $380,752 | $264,932 |
| 8 | $665,054 | $16,598 | -$17,644 | $373,503 | $291,551 |
| 9 | $685,006 | $17,190 | -$17,099 | $365,756 | $319,250 |
| 10 | $705,556 | $17,801 | -$16,535 | $357,478 | $348,078 |
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.