3180 W 3rd Ave

Hialeah, FL 33012 · single_family · For Sale · 23 days on market
Asking price$899,000
7 beds 3 baths 3,227 sqft
View on Realtor.com →
Listed by Nancy Simon · Toth Real Estate Group
Typesingle_family
Built1958
Price / sqft$279
Est. value (own analysis)$1,228,809
Rent estimate (Zillow ZIP avg)$2,270/mo
HOANone
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Neighborhood

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Statusfor_sale
Listed date2026-08-10
Removed date
MLSMiamiMLS #A12068341
Coordinates25.85066, -80.28855
Address3180 W 3rd Ave
CityHialeah
StateFL
Zip33012
Listing ID5484597212
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)

Purchase price$899,000
Down payment (20.0%)$179,800
Loan amount$719,200
Closing costs (5.0%)$44,950
Total cash to close$224,750
Rent (ZIP avg, ZORI — not bedroom-specific)$2,270$27,241
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$27,241
Vacancy rate (assumption) assumption8.0%

$27,241 × 8.0% = $2,179

Effective gross income$2,088$25,062
Property tax (placeholder 1.9% of price)$1,423$17,081
Insurance (placeholder 0.8% of price)$599$7,192
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$114$1,362
Total operating expenses$2,136$25,635
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$25,062
Total operating expenses derived$25,635

$25,062 − $25,635 = -$573

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$719,200
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$719,200 amortized at 6.7% over 30 years = $4,622/mo

CapEx reserve (5.0% of GSR)$114$1,362
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-$573
Annual debt service derived$55,461
Annual CapEx reserve assumption$1,362
Annual PMI assumption$0

(-$573 − $55,461 − $1,362 − $0) ÷ 12 = -$4,783

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived-$573
Purchase price data$899,000

-$573 ÷ $899,000 = -0.1%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$57,397
Total cash to close derived$224,750

-$57,397 ÷ $224,750 = -25.5%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived-$573
Annual debt service derived$55,461

-$573 ÷ $55,461 = -0.01

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$27,241
Purchase price data$899,000

($27,241 ÷ 12) ÷ $899,000 = 0.3%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$899,000
Gross scheduled rent (annual) comp$27,241

$899,000 ÷ $27,241 = 33.0

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$25,635
Effective gross income derived$25,062

$25,635 ÷ $25,062 = 102.3%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$25,635
Annual debt service derived$55,461
Annual PMI assumption$0
Gross scheduled rent (annual) comp$27,241

($25,635 + $55,461 + $0) ÷ $27,241 = 297.7%

Comparables

Same ZIP. Real active rental listings, used to derive the rent estimate above.

No active rental listings cached yet for this bedroom count.

Widened to any bedroom count in ZIP. 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
661 W 50th Plsingle_family421,574$610,0002026-08-31
5971 W 13th Avesingle_family421,637$695,0002026-08-27
4210 W 10th Ctsingle_family321,440$475,0002026-08-25
4001 W 10th Ctsingle_family321,382$564,0002026-08-25
3651 W 2nd Ctsingle_family321,645$627,0002026-08-14
633 W 30th Stsingle_family421,560$380,0002026-08-12
1261 W 43rd Plsingle_family421,201$510,0002026-08-07
117 W 34th Stsingle_family411,260$580,0002026-08-07
1330 W 54th Stsingle_family11583$160,0002026-08-06
4265 W 8th Avesingle_family542,102$730,0002026-08-05
245 W 50th Stsingle_family322,216$528,2002026-08-04
5349 W 14th Lnsingle_family321,642$560,0002026-08-03
3397 W 14th Ctsingle_family311,200$550,0002026-07-31
1396 W 30th Stsingle_family321,340$550,0002026-07-31
4210 W 7th Lnsingle_family321,619$680,0002026-07-23
4790 W 8th Avesingle_family421,749$500,0002026-07-22
743 W 55th Plsingle_family311,416$690,0002026-07-22
1005 W 36th Plsingle_family311,176$575,0002026-07-22
983 W 42nd Plsingle_family321,000$480,0002026-07-22
491 W 35th Plsingle_family432,335$585,0002026-07-21
4250 W 10th Avesingle_family321,200$530,0002026-07-20
4660 W 9th Avesingle_family431,961$703,0002026-07-20
5430 W 4th Lnsingle_family321,634$626,0002026-07-16
6220 W 10th Avesingle_family342,068$850,0002026-07-16
4401 W 10th Ctsingle_family321,196$455,0002026-07-15
5348 W 14th Ctsingle_family21974$480,0002026-07-14
1101 W 54th Stsingle_family431,793$725,0002026-07-13
60 W 61st Stsingle_family321,950$596,0002026-07-13
5660 W 13th Ctsingle_family321,761$637,5002026-07-10
167 W 34th Stsingle_family321,350$570,0002026-07-09
1734 W 57th Tersingle_family321,093$445,0002026-07-09
4211 W 8th Avesingle_family321,888$755,0002026-07-08
5372 W 4th Lnsingle_family321,666$600,0002026-07-08
1185 W 32nd Stsingle_family421,483$538,8902026-07-07
937 W 33rd Stsingle_family542,599$810,0002026-07-06
687 W 39th Plsingle_family321,204$610,0002026-07-02
3740 W 5th Ctsingle_family431,791$630,0002026-06-30
4300 W 10th Ctsingle_family321,656$515,0002026-06-30
265 W 55th Stsingle_family322,451$630,0002026-06-25
1285 W 42nd Plsingle_family441,932$600,0002026-06-25
3424 W 14th Lnsingle_family613,019$625,0002026-06-24
1230 W 35th Stsingle_family311,520$400,0002026-06-23
1310 W 31st Stsingle_family311,300$525,0002026-06-18
5373 W 10th Ctsingle_family321,068$650,0002026-06-17
6495 W 2nd Ctsingle_family321,178$418,3472026-06-17
11335 NW 59th Ctsingle_family431,999$770,0002026-06-16
851 W 35th Stsingle_family421,960$744,0002026-06-16
1301 W 61st Plsingle_family432,366$700,0002026-06-15
5431 W 2nd Avesingle_family521,476$604,0002026-06-15
330 W 60th Stsingle_family321,579$495,0002026-06-15

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.

AddressTypeBedsBathsSqftAsking priceDays on market
350 W 16th Stsingle_family761,000$825,000
367 W 33rd Stsingle_family732,843$895,000
324 E 34th Stmulti_family763,030$1,299,000
142 E 45th Stsingle_family761,481$749,999

10-year hold projection

IRR-7.2%
Equity multiple-0.21x
Total return (10yr)-$153,523
YearProperty valueNOICash flowLoan balanceEquity
1$925,970-$573-$57,397$711,402$214,568
2$953,749-$462-$57,320$703,069$250,680
3$982,362-$345-$57,237$694,164$288,198
4$1,011,832-$220-$57,148$684,647$327,186
5$1,042,187-$89-$57,054$674,476$367,711
6$1,073,453$50-$56,953$663,607$409,846
7$1,105,657$196-$56,845$651,992$453,665
8$1,138,826$351-$56,729$639,579$499,247
9$1,172,991$514-$56,607$626,314$546,677
10$1,208,181$685-$56,477$612,138$596,043
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.