← Back to results

224 E 42nd St

Hialeah, FL 33013 · single_family · For Sale · 83 days on market
Asking price$875,000
6 beds 5 baths 3,383 sqft
View on Realtor.com →
Listed by Raul Barrios · Island Living Realty, Llc
Typesingle_family
Built1958
Price / sqft$259
Est. value (own analysis)$984,081
Rent estimate (Zillow ZIP avg)$2,554/mo
HOANone
Wind10/10Extreme$Heat9/10ExtremeFlood6/10major$Air2/10MinorWildfire1/10Minimal
Photo 1 of 224 E 42nd StPhoto 2 of 224 E 42nd StPhoto 3 of 224 E 42nd StPhoto 4 of 224 E 42nd StPhoto 5 of 224 E 42nd StPhoto 6 of 224 E 42nd StPhoto 7 of 224 E 42nd StPhoto 8 of 224 E 42nd StPhoto 9 of 224 E 42nd StPhoto 10 of 224 E 42nd StPhoto 11 of 224 E 42nd StPhoto 12 of 224 E 42nd StPhoto 13 of 224 E 42nd StPhoto 14 of 224 E 42nd StPhoto 15 of 224 E 42nd StPhoto 16 of 224 E 42nd StPhoto 17 of 224 E 42nd StPhoto 18 of 224 E 42nd StPhoto 19 of 224 E 42nd StPhoto 20 of 224 E 42nd StPhoto 21 of 224 E 42nd StPhoto 22 of 224 E 42nd StPhoto 23 of 224 E 42nd StPhoto 24 of 224 E 42nd StPhoto 25 of 224 E 42nd StPhoto 26 of 224 E 42nd StPhoto 27 of 224 E 42nd StPhoto 28 of 224 E 42nd StPhoto 29 of 224 E 42nd StPhoto 30 of 224 E 42nd StPhoto 31 of 224 E 42nd StPhoto 32 of 224 E 42nd StPhoto 33 of 224 E 42nd StPhoto 34 of 224 E 42nd StPhoto 35 of 224 E 42nd StPhoto 36 of 224 E 42nd StPhoto 37 of 224 E 42nd StPhoto 38 of 224 E 42nd StPhoto 39 of 224 E 42nd StPhoto 40 of 224 E 42nd StPhoto 41 of 224 E 42nd StPhoto 42 of 224 E 42nd StPhoto 43 of 224 E 42nd StPhoto 44 of 224 E 42nd StPhoto 45 of 224 E 42nd StPhoto 46 of 224 E 42nd StPhoto 47 of 224 E 42nd StPhoto 48 of 224 E 42nd StPhoto 49 of 224 E 42nd StPhoto 50 of 224 E 42nd StPhoto 51 of 224 E 42nd StPhoto 52 of 224 E 42nd StPhoto 53 of 224 E 42nd StPhoto 54 of 224 E 42nd StPhoto 55 of 224 E 42nd StPhoto 56 of 224 E 42nd StPhoto 57 of 224 E 42nd StPhoto 58 of 224 E 42nd StPhoto 59 of 224 E 42nd StPhoto 60 of 224 E 42nd StPhoto 61 of 224 E 42nd StPhoto 62 of 224 E 42nd StPhoto 63 of 224 E 42nd StPhoto 64 of 224 E 42nd StPhoto 65 of 224 E 42nd StPhoto 66 of 224 E 42nd StPhoto 67 of 224 E 42nd StPhoto 68 of 224 E 42nd StPhoto 69 of 224 E 42nd StPhoto 70 of 224 E 42nd StPhoto 71 of 224 E 42nd StPhoto 72 of 224 E 42nd StPhoto 73 of 224 E 42nd StPhoto 74 of 224 E 42nd StPhoto 75 of 224 E 42nd StPhoto 76 of 224 E 42nd StPhoto 77 of 224 E 42nd StPhoto 78 of 224 E 42nd StPhoto 79 of 224 E 42nd StPhoto 80 of 224 E 42nd StPhoto 81 of 224 E 42nd StPhoto 82 of 224 E 42nd StPhoto 83 of 224 E 42nd St
1 / 83
Photo 1 of 224 E 42nd StPhoto 2 of 224 E 42nd StPhoto 3 of 224 E 42nd StPhoto 4 of 224 E 42nd StPhoto 5 of 224 E 42nd StPhoto 6 of 224 E 42nd StPhoto 7 of 224 E 42nd StPhoto 8 of 224 E 42nd StPhoto 9 of 224 E 42nd StPhoto 10 of 224 E 42nd StPhoto 11 of 224 E 42nd StPhoto 12 of 224 E 42nd StPhoto 13 of 224 E 42nd StPhoto 14 of 224 E 42nd StPhoto 15 of 224 E 42nd StPhoto 16 of 224 E 42nd StPhoto 17 of 224 E 42nd StPhoto 18 of 224 E 42nd StPhoto 19 of 224 E 42nd StPhoto 20 of 224 E 42nd StPhoto 21 of 224 E 42nd StPhoto 22 of 224 E 42nd StPhoto 23 of 224 E 42nd StPhoto 24 of 224 E 42nd StPhoto 25 of 224 E 42nd StPhoto 26 of 224 E 42nd StPhoto 27 of 224 E 42nd StPhoto 28 of 224 E 42nd StPhoto 29 of 224 E 42nd StPhoto 30 of 224 E 42nd StPhoto 31 of 224 E 42nd StPhoto 32 of 224 E 42nd StPhoto 33 of 224 E 42nd StPhoto 34 of 224 E 42nd StPhoto 35 of 224 E 42nd StPhoto 36 of 224 E 42nd StPhoto 37 of 224 E 42nd StPhoto 38 of 224 E 42nd StPhoto 39 of 224 E 42nd StPhoto 40 of 224 E 42nd StPhoto 41 of 224 E 42nd StPhoto 42 of 224 E 42nd StPhoto 43 of 224 E 42nd StPhoto 44 of 224 E 42nd StPhoto 45 of 224 E 42nd StPhoto 46 of 224 E 42nd StPhoto 47 of 224 E 42nd StPhoto 48 of 224 E 42nd StPhoto 49 of 224 E 42nd StPhoto 50 of 224 E 42nd StPhoto 51 of 224 E 42nd StPhoto 52 of 224 E 42nd StPhoto 53 of 224 E 42nd StPhoto 54 of 224 E 42nd StPhoto 55 of 224 E 42nd StPhoto 56 of 224 E 42nd StPhoto 57 of 224 E 42nd StPhoto 58 of 224 E 42nd StPhoto 59 of 224 E 42nd StPhoto 60 of 224 E 42nd StPhoto 61 of 224 E 42nd StPhoto 62 of 224 E 42nd StPhoto 63 of 224 E 42nd StPhoto 64 of 224 E 42nd StPhoto 65 of 224 E 42nd StPhoto 66 of 224 E 42nd StPhoto 67 of 224 E 42nd StPhoto 68 of 224 E 42nd StPhoto 69 of 224 E 42nd StPhoto 70 of 224 E 42nd StPhoto 71 of 224 E 42nd StPhoto 72 of 224 E 42nd StPhoto 73 of 224 E 42nd StPhoto 74 of 224 E 42nd StPhoto 75 of 224 E 42nd StPhoto 76 of 224 E 42nd StPhoto 77 of 224 E 42nd StPhoto 78 of 224 E 42nd StPhoto 79 of 224 E 42nd StPhoto 80 of 224 E 42nd StPhoto 81 of 224 E 42nd StPhoto 82 of 224 E 42nd StPhoto 83 of 224 E 42nd St
1 / 83
Street view
View full map & nearby schools →

Neighborhood

Show every detail
Statusfor_sale
Listed date2026-06-12
Removed date—
MLSMiamiMLS #A12035925
Coordinates25.86032, -80.27815
Address224 E 42nd St
CityHialeah
StateFL
Zip33013
Listing ID5452357768
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$875,000
Down payment (20.0%)$175,000
Loan amount$700,000
Closing costs (5.0%)$43,750
Total cash to close$218,750
Income
Rent (ZIP avg, ZORI — not bedroom-specific)$2,554$30,653
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$30,653
Vacancy rate (assumption) assumption8.0%

$30,653 × 8.0% = $2,452

Effective gross income$2,350$28,201
Operating expenses
Property tax (placeholder 1.9% of price)$1,385$16,625
Insurance (est. scaled by flood & wind risk)$1,021$12,250
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$128$1,533
Total operating expenses$2,534$30,408
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$28,201
Total operating expenses derived$30,408

$28,201 − $30,408 = -$2,207

Debt service & reserves
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$700,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$700,000 amortized at 6.7% over 30 years = $4,498/mo

CapEx reserve (5.0% of GSR)$128$1,533
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-$2,207
Annual debt service derived$53,981
Annual CapEx reserve assumption$1,533
Annual PMI assumption$0

(-$2,207 − $53,981 − $1,533 − $0) ÷ 12 = -$4,810

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived-$2,207
Purchase price data$875,000

-$2,207 ÷ $875,000 = -0.3%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$57,720
Total cash to close derived$218,750

-$57,720 ÷ $218,750 = -26.4%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived-$2,207
Annual debt service derived$53,981

-$2,207 ÷ $53,981 = -0.04

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$30,653
Purchase price data$875,000

($30,653 ÷ 12) ÷ $875,000 = 0.3%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$875,000
Gross scheduled rent (annual) comp$30,653

$875,000 ÷ $30,653 = 28.5

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$30,408
Effective gross income derived$28,201

$30,408 ÷ $28,201 = 107.8%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$30,408
Annual debt service derived$53,981
Annual PMI assumption$0
Gross scheduled rent (annual) comp$30,653

($30,408 + $53,981 + $0) ÷ $30,653 = 275.3%

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
201 E 44th Stsingle_family632,441$699,0002026-07-07
598 E 41st Stsingle_family642,152$730,0002026-06-22
175 E 45th Stsingle_family642,268$670,0002026-06-11
490 E 45th Stsingle_family642,396$650,0002026-05-29
747 E 19th Stsingle_family662,378$765,0002026-03-25
948 E 47th Stsingle_family643,575$730,0002025-12-08

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
760 E 55th Stsingle_family632,204$750,000—
5551 E 4th Avesingle_family632,288$950,000—
4851 E 8th Ctsingle_family651,768$675,000—

10-year hold projection

IRR-7.7%
Equity multiple-0.30x
Total return (10yr)-$169,221
YearProperty valueNOICash flowLoan balanceEquity
1$901,250-$2,207-$57,720$692,410$208,840
2$928,288-$2,121-$57,672$684,300$243,988
3$956,136-$2,029-$57,620$675,632$280,504
4$984,820-$1,930-$57,561$666,369$318,451
5$1,014,365-$1,824-$57,496$656,470$357,895
6$1,044,796-$1,711-$57,426$645,891$398,905
7$1,076,140-$1,590-$57,348$634,586$441,554
8$1,108,424-$1,461-$57,264$622,504$485,920
9$1,141,677-$1,325-$57,173$609,593$532,084
10$1,175,927-$1,179-$57,074$595,795$580,132
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.