18921 W Oakmont Dr

Hialeah, FL 33015 · single_family · For Sale · 17 days on market
Asking price$1,049,000
5 beds 3 baths 2,958 sqft
Suggested offer$916,359$132,641 above the est. market value of $916,359.
View on Realtor.com →
Listed by Aldo Carcedo Aguiar · Island Living Realty, Llc
Typesingle_family
Built1977
Price / sqft$355
Est. value (own analysis)$916,359
Rent estimate (own analysis)$5,300/mo
HOANone
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Neighborhood

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Statusfor_sale
Listed date2026-08-16
Removed date
MLSMiamiMLS #A12071716
Coordinates25.94589, -80.32456
Address18921 W Oakmont Dr
CityHialeah
StateFL
Zip33015
Listing ID5736082314
Sourceus-real-estate-listings, cached 2026-08-28

ZIP market snapshot (33015)

Typical home value (ZHVI)$397,440
Typical rent (ZORI)$2,324/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$1,049,000
Down payment (20.0%)$209,800
Loan amount$839,200
Closing costs (5.0%)$52,450
Total cash to close$262,250
Rent (comp-derived)$5,300$63,600
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$63,600
Vacancy rate (assumption) assumption8.0%

$63,600 × 8.0% = $5,088

Effective gross income$4,876$58,512
Property tax (placeholder 1.9% of price)$1,661$19,931
Insurance (placeholder 0.8% of price)$699$8,392
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$265$3,180
Total operating expenses$2,625$31,503
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$58,512
Total operating expenses derived$31,503

$58,512 − $31,503 = $27,009

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$839,200
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$839,200 amortized at 6.7% over 30 years = $5,393/mo

CapEx reserve (5.0% of GSR)$265$3,180
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$27,009
Annual debt service derived$64,715
Annual CapEx reserve assumption$3,180
Annual PMI assumption$0

($27,009 − $64,715 − $3,180 − $0) ÷ 12 = -$3,407

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$27,009
Purchase price data$1,049,000

$27,009 ÷ $1,049,000 = 2.6%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$40,886
Total cash to close derived$262,250

-$40,886 ÷ $262,250 = -15.6%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$27,009
Annual debt service derived$64,715

$27,009 ÷ $64,715 = 0.42

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$63,600
Purchase price data$1,049,000

($63,600 ÷ 12) ÷ $1,049,000 = 0.5%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$1,049,000
Gross scheduled rent (annual) comp$63,600

$1,049,000 ÷ $63,600 = 16.5

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$31,503
Effective gross income derived$58,512

$31,503 ÷ $58,512 = 53.8%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$31,503
Annual debt service derived$64,715
Annual PMI assumption$0
Gross scheduled rent (annual) comp$63,600

($31,503 + $64,715 + $0) ÷ $63,600 = 151.3%

Comparables

Widened to city-wide. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family532,540$3,920
single_family552,759$5,1002026-08-07
single_family533,316$6,0002026-08-15
single_family552,909$5,9002026-08-04
single_family532,263$4,200
single_family553,017$5,500

623 W 63rd Dr

Hialeah, 33012 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage2,540
Listed
Days on market

Asking rent: $3,920

View on Zillow →

8843 W 34th Ave

Hialeah, 33018 · rent comp

Bedrooms / bathrooms5 bd / 5 ba
Square footage2,759
Listed2026-08-07
Days on market

Asking rent: $5,100

View on Zillow →

9260 W 35th Ln

Hialeah, 33018 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage3,316
Listed2026-08-15
Days on market

Asking rent: $6,000

View on Zillow →

10614 W 35th Ln

Hialeah, 33018 · rent comp

Bedrooms / bathrooms5 bd / 5 ba
Square footage2,909
Listed2026-08-04
Days on market

Asking rent: $5,900

View on Zillow →

11035 W 35th Way # 11035

Hialeah, 33018 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage2,263
Listed
Days on market

Asking rent: $4,200

View on Zillow →

17994 NW 87th Pl

Hialeah, 33018 · rent comp

Bedrooms / bathrooms5 bd / 5 ba
Square footage3,017
Listed
Days on market

Asking rent: $5,500

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
8406 NW 201st Stsingle_family542,639$895,0002026-08-10
19001 NW 79th Ctsingle_family532,881$875,0002026-07-27
8416 NW 201st Stsingle_family542,881$910,0002026-05-15
18811 NW 80th Avesingle_family532,881$784,9002026-05-08
7945 NW 187th Lnsingle_family532,881$805,0002026-04-08
19640 W Saint Andrews Drsingle_family533,354$1,150,0002025-11-20
8467 NW 201st Tersingle_family533,247$800,0002025-11-17
20050 NW 62nd Avesingle_family531,741$760,0002025-10-03
7952 NW 188th Lnsingle_family532,881$660,0002025-09-29
7880 NW 174th Tersingle_family531,550$755,0002025-09-25

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
18150 NW 82nd Avesingle_family531,981$829,999
18758 NW 78th Plsingle_family532,881$1,299,000
8251 NW 185th Stsingle_family542,229$1,050,000
18400 NW 78th Avesingle_family532,728$1,300,000
7733 NW 192nd Stsingle_family532,800$797,999
7960 NW 174th Stsingle_family532,090$740,000
16825 NW 74th Avesingle_family532,462$749,900

10-year hold projection

IRR-0.4%
Equity multiple0.94x
Total return (10yr)$120,752
YearProperty valueNOICash flowLoan balanceEquity
1$1,080,470$27,009-$40,886$830,101$250,369
2$1,112,884$27,977-$39,998$820,377$292,507
3$1,146,271$28,978-$39,079$809,986$336,285
4$1,180,659$30,012-$38,127$798,881$381,778
5$1,216,079$31,082-$37,143$787,013$429,065
6$1,252,561$32,189-$36,124$774,331$478,230
7$1,290,138$33,333-$35,070$760,777$529,360
8$1,328,842$34,515-$33,980$746,293$582,549
9$1,368,707$35,738-$32,852$730,814$637,893
10$1,409,768$37,002-$31,685$714,273$695,496
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.