841 NE 4th Pl

Hialeah, FL 33010 · single_family · For Sale · 84 days on market
Asking price$598,000
2 beds 1 baths 1,139 sqft
Suggested offer$437,490$160,510 above the est. market value of $437,490.
View on Realtor.com →
Listed by Dunia Gomez · Genesis Realty Services Inc.
Typesingle_family
Built1947
Price / sqft$525
Est. value (own analysis)$437,490
Rent estimate (own analysis)$2,450/mo
HOANone
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Neighborhood

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Statusfor_sale
Listed date2026-06-11
Removed date
MLSMiamiMLS #A12035102
Coordinates25.82637, -80.26436
Address841 NE 4th Pl
CityHialeah
StateFL
Zip33010
Listing ID5689746226
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)

Purchase price$598,000
Down payment (20.0%)$119,600
Loan amount$478,400
Closing costs (5.0%)$29,900
Total cash to close$149,500
Rent (comp-derived)$2,450$29,400
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$29,400
Vacancy rate (assumption) assumption8.0%

$29,400 × 8.0% = $2,352

Effective gross income$2,254$27,048
Property tax (placeholder 1.9% of price)$947$11,362
Insurance (placeholder 0.8% of price)$399$4,784
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$123$1,470
Total operating expenses$1,468$17,616
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$27,048
Total operating expenses derived$17,616

$27,048 − $17,616 = $9,432

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$478,400
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$478,400 amortized at 6.7% over 30 years = $3,074/mo

CapEx reserve (5.0% of GSR)$123$1,470
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$9,432
Annual debt service derived$36,892
Annual CapEx reserve assumption$1,470
Annual PMI assumption$0

($9,432 − $36,892 − $1,470 − $0) ÷ 12 = -$2,411

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$9,432
Purchase price data$598,000

$9,432 ÷ $598,000 = 1.6%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$28,930
Total cash to close derived$149,500

-$28,930 ÷ $149,500 = -19.4%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$9,432
Annual debt service derived$36,892

$9,432 ÷ $36,892 = 0.26

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$29,400
Purchase price data$598,000

($29,400 ÷ 12) ÷ $598,000 = 0.4%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$598,000
Gross scheduled rent (annual) comp$29,400

$598,000 ÷ $29,400 = 20.3

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$17,616
Effective gross income derived$27,048

$17,616 ÷ $27,048 = 65.1%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$17,616
Annual debt service derived$36,892
Annual PMI assumption$0
Gross scheduled rent (annual) comp$29,400

($17,616 + $36,892 + $0) ÷ $29,400 = 185.4%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family21$2,2002026-08-11
single_family221,300$2,8002026-06-27
single_family211,456$2,7002026-08-11
single_family212,000$2,2002026-07-01

867 SE 10th St

Hialeah, 33010 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage
Listed2026-08-11
Days on market

Asking rent: $2,200

View on Zillow →

2487 W 5th Ct Unit Front

Hialeah, 33010 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,300
Listed2026-06-27
Days on market

Asking rent: $2,800

View on Zillow →

547 E 15th St Unit A

Hialeah, 33010 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage1,456
Listed2026-08-11
Days on market

Asking rent: $2,700

View on Zillow →

171 W 13th St

Hialeah, 33010 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage2,000
Listed2026-07-01
Days on market

Asking rent: $2,200

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
2125 W 5th Avesingle_family21720$190,0002026-08-20
1461 E 7th Ctsingle_family212,205$710,0002026-08-14
775 E 6th Plsingle_family21936$330,0002026-07-21
840 E 17th Stsingle_family211,300$350,0002026-06-18
1640 W 6th Avesingle_family211,250$540,0002026-06-08
185 E 20th Stsingle_family211,066$480,0002026-06-08
309 E 18th Stsingle_family211,639$495,0002026-06-05
740 NE 4th Plsingle_family211,064$430,0002026-05-15
941 E 16th Plsingle_family211,803$695,0002026-05-14
749 E 17th Stsingle_family211,290$525,0002026-05-11
2659 W 10th Avesingle_family211,161$470,0002026-03-24
102 W 27th Stsingle_family211,400$410,0002026-03-19
317 E 20th Stsingle_family21776$300,2002026-02-06
621 E 13th Stsingle_family211,165$525,0002026-01-29
270 W 14th Stsingle_family221,132$535,0002026-01-07
690 SE 8th Stsingle_family211,228$470,0002025-12-19
730 E 8th Stsingle_family211,098$428,0002025-12-17
783 E 17th Stsingle_family21832$457,8002025-12-12
630 E 14th Stsingle_family221,586$550,0002025-12-05
961 E 13th Stsingle_family211,848$200,0002025-11-19
671 E 17th Stsingle_family211,210$375,0002025-10-14
2250 W 5th Waysingle_family221,204$490,0002025-10-09
521 SE 5th Stsingle_family211,616$455,0002025-09-18
317 W 13th Stsingle_family212,345$380,0002025-09-04

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
1250 W 26th Pl Apt 108condos21890$175,000
681 NE 1st Plsingle_family21775$465,000
21 E 3rd St Apt 205condos221,024$249,900
1245 W 24th St Apt 219condos21798$225,000
1265 W 24th St Apt 201condos21794$229,000
359 E 12th Stsingle_family211,782$585,000
77 E 4th St Unit A104condos221,018$279,900

10-year hold projection

IRR-3.0%
Equity multiple0.51x
Total return (10yr)$4,207
YearProperty valueNOICash flowLoan balanceEquity
1$615,940$9,432-$28,930$473,213$142,727
2$634,418$9,803-$28,596$467,670$166,748
3$653,451$10,187-$28,249$461,746$191,705
4$673,054$10,586-$27,889$455,416$217,639
5$693,246$10,998-$27,517$448,650$244,596
6$714,043$11,425-$27,130$441,420$272,623
7$735,465$11,868-$26,729$433,694$301,771
8$757,529$12,326-$26,314$425,437$332,092
9$780,254$12,800-$25,883$416,613$363,641
10$803,662$13,292-$25,436$407,183$396,479
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.