367 E 46th St

Hialeah, FL 33013 · single_family · For Sale · 126 days on market
Asking price$539,000
3 beds 2 baths 948 sqft
Suggested offer$386,570$152,430 above the est. market value of $386,570.
View on Realtor.com →
Listed by Frank Zepeda-Campos · Lifestyle International Realty
Typesingle_family
Built1950
Price / sqft$569
Est. value (own analysis)$386,570
Rent estimate (own analysis)$3,200/mo
HOANone
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Neighborhood

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Statusfor_sale
Listed date2026-04-29
Removed date
MLSMiamiMLS #A12005893
Coordinates25.86465, -80.27535
Address367 E 46th St
CityHialeah
StateFL
Zip33013
Listing ID5428102043
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$539,000
Down payment (20.0%)$107,800
Loan amount$431,200
Closing costs (5.0%)$26,950
Total cash to close$134,750
Rent (comp-derived)$3,200$38,400
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$38,400
Vacancy rate (assumption) assumption8.0%

$38,400 × 8.0% = $3,072

Effective gross income$2,944$35,328
Property tax (placeholder 1.9% of price)$853$10,241
Insurance (placeholder 0.8% of price)$359$4,312
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$160$1,920
Total operating expenses$1,373$16,473
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$35,328
Total operating expenses derived$16,473

$35,328 − $16,473 = $18,855

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$431,200
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$431,200 amortized at 6.7% over 30 years = $2,771/mo

CapEx reserve (5.0% of GSR)$160$1,920
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$18,855
Annual debt service derived$33,252
Annual CapEx reserve assumption$1,920
Annual PMI assumption$0

($18,855 − $33,252 − $1,920 − $0) ÷ 12 = -$1,360

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$18,855
Purchase price data$539,000

$18,855 ÷ $539,000 = 3.5%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$16,317
Total cash to close derived$134,750

-$16,317 ÷ $134,750 = -12.1%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$18,855
Annual debt service derived$33,252

$18,855 ÷ $33,252 = 0.57

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$38,400
Purchase price data$539,000

($38,400 ÷ 12) ÷ $539,000 = 0.6%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$539,000
Gross scheduled rent (annual) comp$38,400

$539,000 ÷ $38,400 = 14.0

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$16,473
Effective gross income derived$35,328

$16,473 ÷ $35,328 = 46.6%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$16,473
Annual debt service derived$33,252
Annual PMI assumption$0
Gross scheduled rent (annual) comp$38,400

($16,473 + $33,252 + $0) ÷ $38,400 = 129.5%

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
single_family321,640$3,200
single_family331,649$3,5002026-08-27

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 →

526 E 54th St

Hialeah, 33013 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,640
Listed
Days on market

Asking rent: $3,200

View on Zillow →

292 E 55th St

Hialeah, 33013 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,649
Listed2026-08-27
Days on market

Asking rent: $3,500

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
500 E 30th Stsingle_family322,233$657,000
636 E 48th Stsingle_family31924$558,000

10-year hold projection

IRR2.1%
Equity multiple1.34x
Total return (10yr)$115,972
YearProperty valueNOICash flowLoan balanceEquity
1$555,170$18,855-$16,317$426,525$128,645
2$571,825$19,503-$15,717$421,529$150,297
3$588,980$20,173-$15,097$416,189$172,791
4$606,649$20,864-$14,456$410,483$196,166
5$624,849$21,579-$13,793$404,385$220,463
6$643,594$22,317-$13,107$397,869$245,725
7$662,902$23,080-$12,399$390,905$271,997
8$682,789$23,868-$11,667$383,462$299,327
9$703,273$24,682-$10,910$375,509$327,764
10$724,371$25,523-$10,127$367,009$357,362
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.