1265 W 24th St Apt 201
Hialeah, FL 33010 · condos · Pending — under contract · 68 days on market
Asking price$229,000
2 beds 1 baths 794 sqft
Suggested offer$197,725$31,275 above the est. market value of $197,725.
View on Realtor.com →Listed by Martin Lares · Rolar Realty Group, LLC.
Typecondos
Built1971
Price / sqft$288
Est. value (own analysis)$197,725
Rent estimate (own analysis)$2,125/mo
HOA$250/mo
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Statusfor_sale
Listed date2026-06-26
Removed date—
MLSMiamiMLS #A12042524
Coordinates25.84394, -80.30705
Address1265 W 24th St Apt 201
CityHialeah
StateFL
Zip33010
Listing ID5671430825
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 | $229,000 |
| Down payment (20.0%) | $45,800 |
| Loan amount | $183,200 |
| Closing costs (5.0%) | $11,450 |
| Total cash to close | $57,250 |
| Income | |
| Rent (comp-derived) | $2,125$25,500 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,955$23,460 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $363$4,351 |
| Insurance (placeholder 0.8% of price) | $153$1,832 |
| HOA dues | $250$3,000 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $106$1,275 |
| Total operating expenses | $872$10,458 |
| 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) | $106$1,275 |
| 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 |
|---|---|---|---|---|---|---|---|
| apartment | 2 | 1 | 700 | $1,950 | 2025-08-06 | — | |
| apartment | 2 | 2 | 880 | $2,450 | 2025-12-01 | — | |
| apartment | 2 | 2 | 750 | $2,200 | 2026-07-01 | — | |
| apartment | 2 | 2 | 800 | $1,950 | 2026-07-17 | — | |
| apartment | 2 | 1 | 800 | $1,650 | 2026-08-20 | — | |
| condos | 2 | 2 | 866 | $2,000 | 2026-08-24 | — | |
| condos | 2 | 1 | 600 | $1,600 | 2026-06-05 | — | |
| apartment | 2 | 2 | 1,024 | $2,000 | 2026-08-23 | — | |
| apartment | 2 | 1 | 850 | $2,050 | 2026-06-07 | — | |
| condos | 2 | 1 | 797 | $1,925 | 2026-08-20 | — | |
| condos | 2 | 2 | 1,006 | $2,250 | 2025-10-21 | — | |
| condos | 2 | 1 | 595 | $1,800 | 2026-07-08 | — | |
| apartment | 2 | 2 | 865 | $2,400 | 2026-07-15 | — | |
| apartment | 2 | 1 | 840 | $2,150 | 2026-08-04 | — | |
| apartment | 2 | 1 | 737 | $1,950 | 2026-08-28 | — | |
| apartment | 2 | 1 | 700 | $2,100 | 2026-08-07 | — | |
| condos | 2 | 2 | 829 | $2,100 | 2026-07-24 | — | |
| apartment | 2 | 2 | 971 | $2,824 | — | — | |
| apartment | 2 | 2 | 971 | $2,808 | — | — | |
| apartment | 2 | 2 | 971 | $2,824 | — | — | |
| apartment | 2 | 2 | 971 | $2,824 | — | — | |
| apartment | 2 | 2 | 959 | $2,824 | — | — | |
| apartment | 2 | 2 | 971 | $2,824 | — | — | |
| apartment | 2 | 1 | 840 | $2,300 | 2025-03-06 | — |
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 |
|---|---|---|---|---|---|---|
| 1245 W 24th St Apt 219 | condos | 2 | 1 | 798 | $222,500 | 2026-08-27 |
| 77 E 4th St Unit A212 | condos | 2 | 2 | 1,006 | $272,500 | 2026-08-21 |
| 1250 W 26th Pl Apt 208 | condos | 2 | 1 | 890 | $167,000 | 2026-05-21 |
| 375 E 4th Ave Apt 8 | condos | 2 | 1 | 800 | $150,000 | 2026-03-10 |
| 37 W 11th St Apt 203 | condos | 2 | 2 | 1,031 | $230,000 | 2026-02-10 |
| 25 W 11th St Apt 102 | condos | 2 | 2 | 848 | $235,000 | 2026-01-09 |
| 77 E 4th St Unit A106 | condos | 2 | 2 | 1,018 | $270,000 | 2025-11-26 |
| 11 Olive Dr Apt J | condos | 2 | 3 | 1,260 | $255,000 | 2025-10-15 |
| 21 E 3rd St Apt 406 | condos | 2 | 2 | 1,024 | $255,000 | 2025-09-22 |
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 |
|---|---|---|---|---|---|---|
| 1250 W 26th Pl Apt 108 | condos | 2 | 1 | 890 | $175,000 | — |
| 681 NE 1st Pl | single_family | 2 | 1 | 775 | $465,000 | — |
| 21 E 3rd St Apt 205 | condos | 2 | 2 | 1,024 | $249,900 | — |
| 1245 W 24th St Apt 219 | condos | 2 | 1 | 798 | $225,000 | — |
| 841 NE 4th Pl | single_family | 2 | 1 | 1,139 | $598,000 | — |
| 359 E 12th St | single_family | 2 | 1 | 1,782 | $585,000 | — |
| 77 E 4th St Unit A104 | condos | 2 | 2 | 1,018 | $279,900 | — |
10-year hold projection
IRR8.0%
Equity multiple2.26x
Total return (10yr)$102,247
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $235,870 | $13,002 | -$2,400 | $181,214 | $54,656 |
| 2 | $242,946 | $13,444 | -$1,990 | $179,091 | $63,855 |
| 3 | $250,234 | $13,901 | -$1,566 | $176,823 | $73,412 |
| 4 | $257,742 | $14,373 | -$1,127 | $174,398 | $83,343 |
| 5 | $265,474 | $14,861 | -$674 | $171,808 | $93,666 |
| 6 | $273,438 | $15,364 | -$206 | $169,039 | $104,399 |
| 7 | $281,641 | $15,884 | $278 | $166,080 | $115,561 |
| 8 | $290,090 | $16,422 | $779 | $162,919 | $127,172 |
| 9 | $298,793 | $16,976 | $1,295 | $159,540 | $139,253 |
| 10 | $307,757 | $17,549 | $1,830 | $155,929 | $151,828 |
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.