1245 W 24th St Apt 219
Hialeah, FL 33010 · condos · Pending — under contract · 56 days on market
Asking price$225,000
2 beds 1 baths 798 sqft
Suggested offer$198,721$26,279 above the est. market value of $198,721.
View on Realtor.com →Listed by Daniel Rivero · Miami Premier Realty
Typecondos
Built1971
Price / sqft$282
Est. value (own analysis)$198,721
Rent estimate (own analysis)$2,125/mo
HOA$250/mo
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Statusfor_sale
Listed date2026-07-08
Removed date—
MLSMiamiMLS #A12050544
Coordinates25.84394, -80.30705
Address1245 W 24th St Apt 219
CityHialeah
StateFL
Zip33010
Listing ID5849720816
Sourceus-real-estate-listings, cached 2026-08-27
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 | $225,000 |
| Down payment (20.0%) | $45,000 |
| Loan amount | $180,000 |
| Closing costs (5.0%) | $11,250 |
| Total cash to close | $56,250 |
| 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) | $356$4,275 |
| Insurance (placeholder 0.8% of price) | $150$1,800 |
| HOA dues | $250$3,000 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $106$1,275 |
| Total operating expenses | $863$10,350 |
| 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 | — |
| 1265 W 24th St Apt 201 | condos | 2 | 1 | 794 | $229,000 | — |
| 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
IRR8.4%
Equity multiple2.33x
Total return (10yr)$104,073
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $231,750 | $13,110 | -$2,046 | $178,048 | $53,702 |
| 2 | $238,703 | $13,555 | -$1,633 | $175,963 | $62,740 |
| 3 | $245,864 | $14,015 | -$1,206 | $173,734 | $72,130 |
| 4 | $253,239 | $14,490 | -$764 | $171,352 | $81,888 |
| 5 | $260,837 | $14,980 | -$308 | $168,806 | $92,030 |
| 6 | $268,662 | $15,486 | $163 | $166,086 | $102,576 |
| 7 | $276,722 | $16,010 | $650 | $163,179 | $113,543 |
| 8 | $285,023 | $16,550 | $1,154 | $160,072 | $124,951 |
| 9 | $293,574 | $17,108 | $1,674 | $156,752 | $136,822 |
| 10 | $302,381 | $17,684 | $2,211 | $153,204 | $149,177 |
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.