359 E 12th St
Hialeah, FL 33010 · single_family · Pending — under contract · 88 days on market
Asking price$585,000
2 beds 1 baths 1,782 sqft
Listed by Milton F. Ramirez · EXP Realty, LLC
Typesingle_family
Built1948
Price / sqft$328
Est. value (own analysis)$684,466
Rent estimate (own analysis)$2,700/mo
HOANone
1 / 64
Show every detail
Statusfor_sale
Listed date2026-06-06
Removed date—
MLSMiamiMLS #A12032483
Coordinates25.83316, -80.27446
Address359 E 12th St
CityHialeah
StateFL
Zip33010
Listing ID5696155968
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 | $585,000 |
| Down payment (20.0%) | $117,000 |
| Loan amount | $468,000 |
| Closing costs (5.0%) | $29,250 |
| Total cash to close | $146,250 |
| Income | |
| Rent (comp-derived) | $2,700$32,400 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,484$29,808 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $926$11,115 |
| Insurance (placeholder 0.8% of price) | $390$4,680 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $135$1,620 |
| Total operating expenses | $1,451$17,415 |
| 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) | $135$1,620 |
| 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 |
|---|---|---|---|---|---|---|---|
| single_family | 2 | 2 | 1,300 | $2,800 | 2026-06-27 | — | |
| single_family | 2 | 1 | 1,456 | $2,700 | 2026-08-11 | — | |
| single_family | 2 | 1 | 2,000 | $2,200 | 2026-07-01 | — |
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 |
|---|---|---|---|---|---|---|
| 2125 W 5th Ave | single_family | 2 | 1 | 720 | $190,000 | 2026-08-20 |
| 1461 E 7th Ct | single_family | 2 | 1 | 2,205 | $710,000 | 2026-08-14 |
| 775 E 6th Pl | single_family | 2 | 1 | 936 | $330,000 | 2026-07-21 |
| 840 E 17th St | single_family | 2 | 1 | 1,300 | $350,000 | 2026-06-18 |
| 1640 W 6th Ave | single_family | 2 | 1 | 1,250 | $540,000 | 2026-06-08 |
| 185 E 20th St | single_family | 2 | 1 | 1,066 | $480,000 | 2026-06-08 |
| 309 E 18th St | single_family | 2 | 1 | 1,639 | $495,000 | 2026-06-05 |
| 740 NE 4th Pl | single_family | 2 | 1 | 1,064 | $430,000 | 2026-05-15 |
| 941 E 16th Pl | single_family | 2 | 1 | 1,803 | $695,000 | 2026-05-14 |
| 749 E 17th St | single_family | 2 | 1 | 1,290 | $525,000 | 2026-05-11 |
| 2659 W 10th Ave | single_family | 2 | 1 | 1,161 | $470,000 | 2026-03-24 |
| 102 W 27th St | single_family | 2 | 1 | 1,400 | $410,000 | 2026-03-19 |
| 317 E 20th St | single_family | 2 | 1 | 776 | $300,200 | 2026-02-06 |
| 621 E 13th St | single_family | 2 | 1 | 1,165 | $525,000 | 2026-01-29 |
| 270 W 14th St | single_family | 2 | 2 | 1,132 | $535,000 | 2026-01-07 |
| 690 SE 8th St | single_family | 2 | 1 | 1,228 | $470,000 | 2025-12-19 |
| 730 E 8th St | single_family | 2 | 1 | 1,098 | $428,000 | 2025-12-17 |
| 783 E 17th St | single_family | 2 | 1 | 832 | $457,800 | 2025-12-12 |
| 630 E 14th St | single_family | 2 | 2 | 1,586 | $550,000 | 2025-12-05 |
| 961 E 13th St | single_family | 2 | 1 | 1,848 | $200,000 | 2025-11-19 |
| 671 E 17th St | single_family | 2 | 1 | 1,210 | $375,000 | 2025-10-14 |
| 2250 W 5th Way | single_family | 2 | 2 | 1,204 | $490,000 | 2025-10-09 |
| 521 SE 5th St | single_family | 2 | 1 | 1,616 | $455,000 | 2025-09-18 |
| 317 W 13th St | single_family | 2 | 1 | 2,345 | $380,000 | 2025-09-04 |
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.
| 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 | — |
| 1265 W 24th St Apt 201 | condos | 2 | 1 | 794 | $229,000 | — |
| 841 NE 4th Pl | single_family | 2 | 1 | 1,139 | $598,000 | — |
| 77 E 4th St Unit A104 | condos | 2 | 2 | 1,018 | $279,900 | — |
10-year hold projection
IRR-1.6%
Equity multiple0.74x
Total return (10yr)$38,419
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $602,550 | $12,393 | -$25,317 | $462,926 | $139,624 |
| 2 | $620,627 | $12,852 | -$24,899 | $457,503 | $163,123 |
| 3 | $639,245 | $13,327 | -$24,465 | $451,708 | $187,537 |
| 4 | $658,423 | $13,818 | -$24,016 | $445,516 | $212,907 |
| 5 | $678,175 | $14,326 | -$23,552 | $438,897 | $239,278 |
| 6 | $698,521 | $14,852 | -$23,071 | $431,825 | $266,696 |
| 7 | $719,476 | $15,396 | -$22,572 | $424,266 | $295,210 |
| 8 | $741,061 | $15,959 | -$22,056 | $416,189 | $324,871 |
| 9 | $763,292 | $16,541 | -$21,522 | $407,557 | $355,735 |
| 10 | $786,191 | $17,144 | -$20,969 | $398,332 | $387,859 |
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.