419 SE 3rd St

Hialeah, FL 33010 · single_family · For Sale · 43 days on market
Asking price$647,000
4 beds 3 baths 1,651 sqft
Suggested offer$550,311$96,689 above the est. market value of $550,311.
View on Realtor.com →
Listed by OrElvys Sanabria · Coldwell Banker Realty
Typesingle_family
Built1930
Price / sqft$392
Est. value (own analysis)$550,311
Rent estimate (own analysis)$3,738/mo
HOANone
Wind10/10Extreme$Heat9/10ExtremeFlood4/10moderate$Air2/10MinorWildfire1/10Minimal
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-07-21
Removed date
MLSMiamiMLS #A12053502
Coordinates25.82041, -80.27270
Address419 SE 3rd St
CityHialeah
StateFL
Zip33010
Listing ID5750228851
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$647,000
Down payment (20.0%)$129,400
Loan amount$517,600
Closing costs (5.0%)$32,350
Total cash to close$161,750
Rent (comp-derived)$3,738$44,850
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$44,850
Vacancy rate (assumption) assumption8.0%

$44,850 × 8.0% = $3,588

Effective gross income$3,439$41,262
Property tax (placeholder 1.9% of price)$1,024$12,293
Insurance (est. scaled by flood & wind risk)$690$8,282
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$187$2,243
Total operating expenses$1,901$22,817
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$41,262
Total operating expenses derived$22,817

$41,262 − $22,817 = $18,445

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$517,600
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$517,600 amortized at 6.7% over 30 years = $3,326/mo

CapEx reserve (5.0% of GSR)$187$2,243
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$18,445
Annual debt service derived$39,915
Annual CapEx reserve assumption$2,243
Annual PMI assumption$0

($18,445 − $39,915 − $2,243 − $0) ÷ 12 = -$1,976

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$18,445
Purchase price data$647,000

$18,445 ÷ $647,000 = 2.9%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$23,712
Total cash to close derived$161,750

-$23,712 ÷ $161,750 = -14.7%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$18,445
Annual debt service derived$39,915

$18,445 ÷ $39,915 = 0.46

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$44,850
Purchase price data$647,000

($44,850 ÷ 12) ÷ $647,000 = 0.6%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$647,000
Gross scheduled rent (annual) comp$44,850

$647,000 ÷ $44,850 = 14.4

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$22,817
Effective gross income derived$41,262

$22,817 ÷ $41,262 = 55.3%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$22,817
Annual debt service derived$39,915
Annual PMI assumption$0
Gross scheduled rent (annual) comp$44,850

($22,817 + $39,915 + $0) ÷ $44,850 = 139.9%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family432,417$8502026-06-17
single_family432,827$3,9002026-08-04
single_family431,675$3,575
single_family442,150$4,350

610 NE 4th Pl Unit 1

Hialeah, 33010 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage2,417
Listed2026-06-17
Days on market

Asking rent: $850

View on Zillow →

117 E 10th St

Hialeah, 33010 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage2,827
Listed2026-08-04
Days on market

Asking rent: $3,900

View on Zillow →

669 W 23rd St

Hialeah, 33010 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,675
Listed
Days on market

Asking rent: $3,575

View on Zillow →

831 SE 9th Ave

Hialeah, 33010 · rent comp

Bedrooms / bathrooms4 bd / 4 ba
Square footage2,150
Listed
Days on market

Asking rent: $4,350

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
671 NE 1st Plsingle_family431,606$555,0002026-08-20
659 W 14th Stsingle_family421,921$610,0002026-08-14
661 NE 4th Plsingle_family432,501$775,0002026-08-05
661 E 7th Stsingle_family431,402$600,0002026-08-04
375 E Okeechobee Rdsingle_family421,526$500,0002026-07-16
621 SE 1st Stsingle_family421,757$670,0002026-07-13
625 E 8th Lnsingle_family411,226$599,0002026-07-10
528 E 10th Stsingle_family431,575$589,0002026-06-05
771 SE 4th Plsingle_family432,221$600,0002026-06-03
251 W 27th Stsingle_family431,877$380,0002026-06-03
1971 W 2nd Avesingle_family431,410$660,0002026-05-27
670 SE 1st Stsingle_family421,322$450,0002026-05-01
825 E 9th Lnsingle_family421,855$580,0002026-04-27
671 E 6th Plsingle_family432,166$630,0002026-04-23
351 E 13th Stsingle_family431,404$715,0002026-04-07
218 E 20th Stsingle_family422,266$650,0002026-03-24
331 W 17th Stsingle_family421,550$560,0002026-03-23
2187 W 6th Ctsingle_family411,158$400,0002026-02-20
910 E 12th Plsingle_family421,651$335,0002026-02-05
350 E 7th Avesingle_family422,493$680,0002026-01-23
699 W 14th Stsingle_family431,873$570,0002026-01-16
2465 W 5th Waysingle_family411,019$320,0002026-01-15
750 SE 3rd Plsingle_family431,870$565,0002025-12-29
840 NE 4th Plsingle_family421,528$603,0002025-12-17
101 NE 9th Avesingle_family442,228$720,0002025-12-12
751 SE 8th Stsingle_family441,066$585,0002025-12-02
2506 W 9th Ctsingle_family431,590$539,0002025-11-07
924 W 28th Stsingle_family431,896$670,0002025-10-31
770 SE 5th Plsingle_family421,171$585,0002025-10-14
620 NE 2nd Plsingle_family421,584$565,0002025-10-11
1502 E 8th Avesingle_family422,443$490,0002025-10-01
250 E 17th Stsingle_family442,622$720,0002025-09-26

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
334 E 11th Stsingle_family431,558$570,000
861 NE 1st Plsingle_family441,766$650,000
59 E 10th Stmulti_family421,512$769,000
820 E 10th Avesingle_family42936$675,000
210 E 10th Stmulti_family421,850$699,000
760 W 23rd Stsingle_family432,097$825,000
2330 W 6th Ctsingle_family431,307$725,000
674 W 23rd Stsingle_family422,091$619,000

10-year hold projection

IRR0.3%
Equity multiple1.05x
Total return (10yr)$92,688
YearProperty valueNOICash flowLoan balanceEquity
1$666,410$18,445-$23,712$511,988$154,422
2$686,402$19,112-$23,101$505,991$180,412
3$706,994$19,803-$22,468$499,581$207,413
4$728,204$20,517-$21,813$492,732$235,472
5$750,050$21,255-$21,135$485,413$264,638
6$772,552$22,019-$20,434$477,590$294,962
7$795,728$22,808-$19,707$469,231$326,498
8$819,600$23,625-$18,956$460,297$359,303
9$844,188$24,469-$18,178$450,750$393,438
10$869,514$25,342-$17,373$440,548$428,966
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.