291 W 47th St
Hialeah, FL 33012 · single_family · Pending — under contract · 30 days on market
Asking price$600,000
2 beds 1 baths 1,406 sqft
Listed by Greisy Montes De Oca · The Brokerage A Real Estate Company
Typesingle_family
Built1953
Price / sqft$427
Est. value (own analysis)$634,753
Rent estimate (own analysis)$2,645/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood3/10moderate$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-08-03
Removed date—
MLSMiamiMLS #A12064200
Coordinates25.86501, -80.28827
Address291 W 47th St
CityHialeah
StateFL
Zip33012
Listing ID5460933339
Sourceus-real-estate-listings, cached 2026-08-28
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 | $600,000 |
| Down payment (20.0%) | $120,000 |
| Loan amount | $480,000 |
| Closing costs (5.0%) | $30,000 |
| Total cash to close | $150,000 |
| Income | |
| Rent (comp-derived) | $2,645$31,740 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,433$29,201 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $950$11,400 |
| Insurance (est. scaled by flood & wind risk) | $640$7,680 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $132$1,587 |
| Total operating expenses | $1,722$20,667 |
| 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) | $132$1,587 |
| 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 | 900 | $2,500 | 2026-05-15 | — | |
| single_family | 2 | 2 | 760 | $2,100 | 2026-08-14 | — | |
| single_family | 2 | 1 | 1,174 | $3,400 | 2026-06-25 | — | |
| single_family | 2 | 1 | 2,870 | $2,790 | 2026-09-01 | — |
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 |
|---|---|---|---|---|---|---|
| 5348 W 14th Ct | single_family | 2 | 1 | 974 | $480,000 | 2026-07-14 |
| 11300 NW 62nd Ave | single_family | 2 | 2 | 1,190 | $530,000 | 2026-05-07 |
| 821 W 33rd St | single_family | 2 | 1 | 1,432 | $470,000 | 2026-05-04 |
| 897 W 36th St | single_family | 2 | 1 | 1,060 | $485,000 | 2025-10-24 |
| 5348 W 14th Ave | single_family | 2 | 1 | 2,423 | $530,000 | 2025-10-15 |
| 266 W 38th St | single_family | 2 | 1 | 1,187 | $565,000 | 2025-09-12 |
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 |
|---|---|---|---|---|---|---|
| 1725 W 60th St Apt F202 | condos | 2 | 2 | 926 | $225,000 | — |
| 6125 W 20th Ave Apt 302 | condos | 2 | 2 | 900 | $245,000 | — |
| 1820 W 53rd St Apt 518 | condos | 2 | 2 | 796 | $245,000 | — |
| 1825 W 44th Pl Apt 401 | condos | 2 | 2 | 978 | $250,000 | — |
| 4198 W 10th Ave | single_family | 2 | 2 | 1,298 | $450,000 | — |
| condos | 2 | 1 | 802 | $199,900 | — | |
| 1230 W 54th St Apt 329A | condos | 2 | 2 | 915 | $255,000 | — |
| 6600 W 2nd Ct Unit 24 | condos | 2 | 2 | 1,062 | $240,000 | — |
10-year hold projection
IRR-3.4%
Equity multiple0.43x
Total return (10yr)-$6,914
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $618,000 | $8,534 | -$30,069 | $474,796 | $143,204 |
| 2 | $636,540 | $8,893 | -$29,749 | $469,234 | $167,306 |
| 3 | $655,636 | $9,266 | -$29,417 | $463,290 | $192,346 |
| 4 | $675,305 | $9,652 | -$29,072 | $456,939 | $218,367 |
| 5 | $695,564 | $10,053 | -$28,714 | $450,151 | $245,414 |
| 6 | $716,431 | $10,469 | -$28,342 | $442,897 | $273,535 |
| 7 | $737,924 | $10,900 | -$27,956 | $435,145 | $302,780 |
| 8 | $760,062 | $11,347 | -$27,555 | $426,860 | $333,202 |
| 9 | $782,864 | $11,810 | -$27,139 | $418,007 | $364,857 |
| 10 | $806,350 | $12,290 | -$26,707 | $408,545 | $397,805 |
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.