940 E 9th Pl
Hialeah, FL 33010 · single_family · For Sale · 121 days on market
Asking price$550,000
5 beds 4 baths 1,558 sqft
Suggested offer$438,811$111,189 above the est. market value of $438,811.
View on Realtor.com →Listed by Fidel Cabrera · Partnership Realty Inc.
Typesingle_family
Built1950
Price / sqft$353
Est. value (own analysis)$438,811
Rent estimate (own analysis)$5,275/mo
HOANone
1 / 6
Show every detail
Statusfor_sale
Listed date2026-05-05
Removed date—
MLSMiamiMLS #A12013132
Coordinates25.83120, -80.26276
Address940 E 9th Pl
CityHialeah
StateFL
Zip33010
Listing ID5602618452
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33010)
Typical home value (ZHVI)$536,631
Typical rent (ZORI)$2,166/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 | $550,000 |
| Down payment (20.0%) | $110,000 |
| Loan amount | $440,000 |
| Closing costs (5.0%) | $27,500 |
| Total cash to close | $137,500 |
| Income | |
| Rent (comp-derived) | $5,275$63,300 |
| Vacancy loss (8.0%) | |
| Effective gross income | $4,853$58,236 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $871$10,450 |
| Insurance (placeholder 0.8% of price) | $367$4,400 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $264$3,165 |
| Total operating expenses | $1,501$18,015 |
| 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) | $264$3,165 |
| 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
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| single_family | 5 | 3 | 2,540 | $3,920 | — | — | |
| single_family | 5 | 4 | 1,769 | $5,450 | — | — | |
| single_family | 5 | 2 | 1,750 | $4,900 | 2026-07-01 | — | |
| single_family | 5 | 5 | 2,759 | $5,100 | 2026-08-07 | — | |
| single_family | 5 | 3 | 3,316 | $6,000 | 2026-08-15 | — | |
| single_family | 5 | 5 | 2,909 | $5,900 | 2026-08-04 | — | |
| single_family | 5 | 3 | 2,263 | $4,200 | — | — | |
| single_family | 5 | 5 | 3,017 | $5,500 | — | — |
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 |
|---|---|---|---|---|---|---|
| 840 SE 4th Pl | single_family | 5 | 3 | 2,124 | $500,000 | 2026-06-09 |
| 174 E 15th St | single_family | 5 | 2 | 2,284 | $580,000 | 2026-06-03 |
| 412 W 15th St | single_family | 5 | 3 | 2,295 | $710,000 | 2026-04-10 |
| 359 E 19th St | single_family | 5 | 5 | 1,876 | $645,000 | 2025-10-28 |
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 |
|---|---|---|---|---|---|---|
| 171 W 13th St | single_family | 5 | 3 | — | $650,000 | — |
| 965 W 23rd St | single_family | 5 | 2 | 1,816 | $584,900 | — |
| 921 E 14th St | single_family | 5 | 4 | 2,253 | $690,000 | — |
| 611 SE 4th St | single_family | 5 | 2 | 1,425 | $675,000 | — |
| 750 NE 4th Pl | single_family | 5 | 2 | 1,752 | $615,000 | — |
| 329 W 18th St | multi_family | 5 | 3 | 2,054 | $885,000 | — |
| 42 E 13th St | multi_family | 5 | 3 | 1,655 | $700,000 | — |
| 350 To to Lo Chee Dr | single_family | 5 | 4 | 2,933 | $850,000 | — |
10-year hold projection
IRR12.9%
Equity multiple2.99x
Total return (10yr)$345,670
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $566,500 | $40,221 | $3,125 | $435,229 | $131,271 |
| 2 | $583,495 | $41,518 | $4,343 | $430,131 | $153,364 |
| 3 | $601,000 | $42,856 | $5,600 | $424,683 | $176,317 |
| 4 | $619,030 | $44,236 | $6,897 | $418,860 | $200,169 |
| 5 | $637,601 | $45,660 | $8,236 | $412,638 | $224,963 |
| 6 | $656,729 | $47,129 | $9,618 | $405,989 | $250,740 |
| 7 | $676,431 | $48,645 | $11,044 | $398,882 | $277,548 |
| 8 | $696,724 | $50,209 | $12,516 | $391,288 | $305,435 |
| 9 | $717,625 | $51,822 | $14,035 | $383,173 | $334,453 |
| 10 | $739,154 | $53,487 | $15,603 | $374,500 | $364,654 |
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.