121 E 36th St

Hialeah, FL 33013 · single_family · Pending — under contract · 23 days on market
Asking price$599,000
3 beds 2 baths 1,115 sqft
Suggested offer$568,867$30,133 above the est. market value of $568,867.
View on Realtor.com →
Listed by David Stocker Jr. · Vanguard Group Realty Llc
Typesingle_family
Built1955
Price / sqft$537
Est. value (Zillow ZIP avg)$568,867
Rent estimate (own analysis)$3,000/mo
HOANone
Wind10/10Extreme$Heat9/10ExtremeFlood3/10moderate$Air2/10MinorWildfire1/10Minimal
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-08-10
Removed date
MLSMiamiMLS #A12068658
Coordinates25.85524, -80.28027
Address121 E 36th St
CityHialeah
StateFL
Zip33013
Listing ID5496820441
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$599,000
Down payment (20.0%)$119,800
Loan amount$479,200
Closing costs (5.0%)$29,950
Total cash to close$149,750
Rent (comp-derived)$3,000$36,000
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$36,000
Vacancy rate (assumption) assumption8.0%

$36,000 × 8.0% = $2,880

Effective gross income$2,760$33,120
Property tax (placeholder 1.9% of price)$948$11,381
Insurance (est. scaled by flood & wind risk)$639$7,667
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$150$1,800
Total operating expenses$1,737$20,848
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$33,120
Total operating expenses derived$20,848

$33,120 − $20,848 = $12,272

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$479,200
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$479,200 amortized at 6.7% over 30 years = $3,079/mo

CapEx reserve (5.0% of GSR)$150$1,800
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$12,272
Annual debt service derived$36,954
Annual CapEx reserve assumption$1,800
Annual PMI assumption$0

($12,272 − $36,954 − $1,800 − $0) ÷ 12 = -$2,207

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$12,272
Purchase price data$599,000

$12,272 ÷ $599,000 = 2.0%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$26,482
Total cash to close derived$149,750

-$26,482 ÷ $149,750 = -17.7%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$12,272
Annual debt service derived$36,954

$12,272 ÷ $36,954 = 0.33

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$36,000
Purchase price data$599,000

($36,000 ÷ 12) ÷ $599,000 = 0.5%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$599,000
Gross scheduled rent (annual) comp$36,000

$599,000 ÷ $36,000 = 16.6

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$20,848
Effective gross income derived$33,120

$20,848 ÷ $33,120 = 62.9%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$20,848
Annual debt service derived$36,954
Annual PMI assumption$0
Gross scheduled rent (annual) comp$36,000

($20,848 + $36,954 + $0) ÷ $36,000 = 160.6%

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

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 →

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.

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
367 E 46th Stsingle_family32948$539,000
500 E 30th Stsingle_family322,233$657,000

10-year hold projection

IRR-1.8%
Equity multiple0.70x
Total return (10yr)$33,753
YearProperty valueNOICash flowLoan balanceEquity
1$616,970$12,272-$26,482$474,004$142,966
2$635,479$12,744-$26,054$468,452$167,027
3$654,543$13,233-$25,611$462,518$192,025
4$674,180$13,740-$25,152$456,177$218,003
5$694,405$14,264-$24,676$449,401$245,005
6$715,237$14,807-$24,183$442,159$273,079
7$736,694$15,369-$23,672$434,419$302,275
8$758,795$15,951-$23,142$426,149$332,647
9$781,559$16,554-$22,593$417,310$364,249
10$805,006$17,178-$22,024$407,864$397,142
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.