733 E 26th St

Hialeah, FL 33013 · multi_family · For Sale · 18 days on market
Asking price$500,000
3 beds 2 baths 1,886 sqft
View on Realtor.com →
Listed by Johanna Izaguirre · LPT Realty
Typemulti_family
Built1957
Price / sqft$265
Est. value (own analysis)$523,176
Rent estimate (building total, own analysis)$6,186/mo
HOANone
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-08-15
Removed date
MLSMiamiMLS #A12071993
Coordinates25.84630, -80.26749
Address733 E 26th St
CityHialeah
StateFL
Zip33013
Listing ID5537701180
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$500,000
Down payment (20.0%)$100,000
Loan amount$400,000
Closing costs (5.0%)$25,000
Total cash to close$125,000
Rent (estimate)$6,186$74,233
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$74,233
Vacancy rate (assumption) assumption8.0%

$74,233 × 8.0% = $5,939

Effective gross income$5,691$68,294
Property tax (placeholder 1.9% of price)$792$9,500
Insurance (placeholder 0.8% of price)$333$4,000
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$309$3,712
Total operating expenses$1,434$17,212
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$68,294
Total operating expenses derived$17,212

$68,294 − $17,212 = $51,083

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$400,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$400,000 amortized at 6.7% over 30 years = $2,571/mo

CapEx reserve (5.0% of GSR)$309$3,712
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$51,083
Annual debt service derived$30,846
Annual CapEx reserve assumption$3,712
Annual PMI assumption$0

($51,083 − $30,846 − $3,712 − $0) ÷ 12 = $1,377

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$51,083
Purchase price data$500,000

$51,083 ÷ $500,000 = 10.2%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived$16,525
Total cash to close derived$125,000

$16,525 ÷ $125,000 = 13.2%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$51,083
Annual debt service derived$30,846

$51,083 ÷ $30,846 = 1.66

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$74,233
Purchase price data$500,000

($74,233 ÷ 12) ÷ $500,000 = 1.2%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$500,000
Gross scheduled rent (annual) comp$74,233

$500,000 ÷ $74,233 = 6.7

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$17,212
Effective gross income derived$68,294

$17,212 ÷ $68,294 = 25.2%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$17,212
Annual debt service derived$30,846
Annual PMI assumption$0
Gross scheduled rent (annual) comp$74,233

($17,212 + $30,846 + $0) ÷ $74,233 = 64.7%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
multi_family32$3,600

508 E 23rd St Unit 508

Hialeah, 33013 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage
Listed
Days on market

Asking rent: $3,600

View on Zillow →

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
447 E 32nd Stmulti_family4,312$735,0002026-08-20
541 E 38th Stmulti_family422,677$895,0002026-07-13
540 E 44th Stmulti_family321,772$345,0002026-06-08
252 E 36th Stmulti_family2,544$650,0002026-05-15
5168 E 8th Lnmulti_family321,337$640,0002026-05-04
971 E 18th Stmulti_family2,345$700,0002026-01-14
26 E 48th Stmulti_family2,179$700,0002025-12-09
740 E 41st Stmulti_family3,228$750,0002025-10-28
1001 E 18th Stmulti_family412,029$520,0002025-10-17
4776 E 10th Avemulti_family1,740$715,0002025-10-15

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
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
636 E 48th Stsingle_family31924$558,000

10-year hold projection

IRR21.8%
Equity multiple4.25x
Total return (10yr)$471,549
YearProperty valueNOICash flowLoan balanceEquity
1$515,000$51,083$16,525$395,663$119,337
2$530,450$52,701$18,051$391,028$139,422
3$546,364$54,370$19,625$386,075$160,288
4$562,754$56,092$21,249$380,782$181,972
5$579,637$57,867$22,924$375,126$204,512
6$597,026$59,698$24,653$369,080$227,946
7$614,937$61,587$26,436$362,620$252,317
8$633,385$63,534$28,276$355,716$277,669
9$652,387$65,542$30,174$348,339$304,048
10$671,958$67,614$32,132$340,454$331,504
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.