36 W 37th St
Hialeah, FL 33012 · multi_family · For Sale · 2 days on market
Asking price$1,100,000
8 beds 5 baths 3,030 sqft
Suggested offer$385,585$714,415 above the est. market value of $385,585.
View on Realtor.com →Tenant occupied
Listed by Claudia Patino · London Foster Realty
Typemulti_family
Built1966
Price / sqft$363
Est. value (Zillow ZIP avg)$385,585
Rent estimate (building total, own analysis)$7,787/mo
HOANone
1 / 18
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Statusfor_sale
Listed date2026-08-31
Removed date—
MLSMiamiMLS #A12080577
Coordinates25.85551, -80.28333
Address36 W 37th St
CityHialeah
StateFL
Zip33012
Listing ID5423258081
Sourceus-real-estate-listings, cached 2026-09-01
ZIP market snapshot (33012)
Typical home value (ZHVI)$385,585
Typical rent (ZORI)$2,270/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 | $1,100,000 |
| Down payment (20.0%) | $220,000 |
| Loan amount | $880,000 |
| Closing costs (5.0%) | $55,000 |
| Total cash to close | $275,000 |
| Income | |
| Rent (estimate) | $7,787$93,445 |
| Vacancy loss (8.0%) | |
| Effective gross income | $7,164$85,970 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,742$20,900 |
| Insurance (placeholder 0.8% of price) | $733$8,800 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $389$4,672 |
| Total operating expenses | $2,864$34,372 |
| 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) | $389$4,672 |
| 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.
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.
No recent recorded sales cached yet for this ZIP.
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 |
|---|---|---|---|---|---|---|
| 955 W 23rd St | multi_family | 8 | 4 | 3,544 | $1,250,000 | — |
| 952 E 19th St | multi_family | 8 | 5 | 3,248 | $995,000 | — |
| 236 E 56th St | single_family | 8 | 7 | 4,272 | $1,250,000 | — |
10-year hold projection
IRR5.4%
Equity multiple1.85x
Total return (10yr)$378,809
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,133,000 | $51,597 | -$20,936 | $870,459 | $262,541 |
| 2 | $1,166,990 | $53,317 | -$19,333 | $860,262 | $306,728 |
| 3 | $1,202,000 | $55,093 | -$17,677 | $849,366 | $352,634 |
| 4 | $1,238,060 | $56,926 | -$15,967 | $837,721 | $400,339 |
| 5 | $1,275,201 | $58,819 | -$14,200 | $825,276 | $449,925 |
| 6 | $1,313,458 | $60,773 | -$12,374 | $811,977 | $501,480 |
| 7 | $1,352,861 | $62,791 | -$10,489 | $797,765 | $555,096 |
| 8 | $1,393,447 | $64,874 | -$8,541 | $782,576 | $610,871 |
| 9 | $1,435,251 | $67,024 | -$6,530 | $766,345 | $668,905 |
| 10 | $1,478,308 | $69,245 | -$4,452 | $748,999 | $729,309 |
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.