606 W 81st St Apt 120
Hialeah, FL 33014 · condos · For Sale · 138 days on market
Asking price$220,000
2 beds 1 baths 770 sqft
Listed by Barbara Yanes · Floridian First Realty
Typecondos
Built1971
Price / sqft$286
Est. value (own analysis)$222,115
Rent estimate (own analysis)$2,200/mo
HOA$319/mo
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Statusfor_sale
Listed date2026-04-17
Removed date—
MLSMiamiMLS #A12002990
Coordinates25.89581, -80.29803
Address606 W 81st St Apt 120
CityHialeah
StateFL
Zip33014
Listing ID5856829867
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33014)
Typical home value (ZHVI)$442,718
Typical rent (ZORI)$2,327/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 | $220,000 |
| Down payment (20.0%) | $44,000 |
| Loan amount | $176,000 |
| Closing costs (5.0%) | $11,000 |
| Total cash to close | $55,000 |
| Income | |
| Rent (comp-derived) | $2,200$26,400 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,024$24,288 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $348$4,180 |
| Insurance (placeholder 0.8% of price) | $147$1,760 |
| HOA dues | $319$3,828 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $110$1,320 |
| Total operating expenses | $924$11,088 |
| 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) | $110$1,320 |
| 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 | 885 | $2,155 | — | — | |
| apartment | 2 | 2 | 800 | $2,095 | 2025-12-26 | — | |
| apartment | 2 | 1 | 1,000 | $2,000 | 2025-05-08 | — | |
| apartment | 2 | 2 | 850 | $2,250 | 2025-10-09 | — | |
| condos | 2 | 1 | 763 | $1,995 | 2026-07-11 | — | |
| condos | 2 | 2 | 850 | $2,200 | 2026-07-15 | — | |
| condos | 2 | 2 | 790 | $2,550 | 2026-08-07 | — | |
| condos | 2 | 1 | 816 | $2,150 | 2026-05-28 | — | |
| condos | 2 | 2 | 1,030 | $2,200 | 2026-08-08 | — | |
| condos | 2 | 2 | 1,020 | $2,400 | 2026-08-09 | — | |
| condos | 2 | 2 | 790 | $2,300 | 2026-07-30 | — | |
| condos | 2 | 2 | 918 | $2,200 | 2026-03-18 | — | |
| condos | 2 | 1 | 770 | $1,900 | 2026-08-24 | — | |
| condos | 2 | 1 | 753 | $1,900 | 2026-02-27 | — | |
| apartment | 2 | 1 | 770 | $1,980 | 2026-07-06 | — | |
| condos | 2 | 2 | 852 | $1,950 | 2026-01-26 | — | |
| condos | 2 | 2 | 930 | $2,450 | 2026-07-05 | — | |
| condos | 2 | 2 | 890 | $2,100 | 2026-05-08 | — | |
| condos | 2 | 1 | 900 | $2,200 | 2026-08-05 | — | |
| condos | 2 | 1 | 843 | $1,950 | 2026-06-03 | — | |
| condos | 2 | 2 | 852 | $2,150 | 2026-07-24 | — | |
| apartment | 2 | 2 | 850 | $2,295 | 2025-09-14 | — | |
| condos | 2 | 2 | 981 | $3,099 | 2026-08-03 | — | |
| apartment | 2 | 2 | 918 | $2,600 | — | — | |
| apartment | 2 | 1 | 980 | $2,099 | — | — | |
| apartment | 2 | 2 | 1,014 | $2,457 | — | — | |
| apartment | 2 | 2 | 960 | $2,370 | 2026-08-07 | — | |
| apartment | 2 | 1 | 980 | $2,099 | — | — | |
| apartment | 2 | 2 | 981 | $2,969 | — | — | |
| apartment | 2 | 2 | 980 | $2,350 | 2026-06-29 | — | |
| apartment | 2 | 1 | 885 | $2,180 | — | — | |
| apartment | 2 | 2 | 981 | $3,099 | — | — | |
| apartment | 2 | 2 | 981 | $3,099 | — | — | |
| apartment | 2 | 1 | 980 | $2,149 | — | — | |
| apartment | 2 | 1 | 980 | $2,099 | — | — | |
| apartment | 2 | 1 | 980 | $2,099 | — | — | |
| condos | 2 | 1 | 875 | $2,502 | — | — | |
| condos | 2 | 2 | 1,000 | $2,413 | — | — | |
| condos | 2 | 2 | 1,000 | $2,500 | 2026-06-04 | — | |
| condos | 2 | 2 | 720 | $2,800 | 2026-08-18 | — | |
| condos | 2 | 2 | 1,020 | $2,350 | 2026-07-24 | — | |
| condos | 2 | 2 | 850 | $2,400 | 2026-08-29 | — | |
| condos | 2 | 1 | 816 | $2,400 | 2026-08-29 | — | |
| condos | 2 | 2 | 890 | $2,100 | 2026-08-30 | — | |
| condos | 2 | 2 | 980 | $2,535 | 2026-09-01 | — |
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 |
|---|---|---|---|---|---|---|
| 6950 W 6th Ave Apt 412 | condos | 2 | 2 | 1,120 | $230,000 | 2026-08-11 |
| 6950 W 6th Ave Apt 415 | condos | 2 | 2 | 1,120 | $230,000 | 2026-08-11 |
| 15525 Miami Lakeway N Unit 205-8 | condos | 2 | 2 | 1,240 | $290,000 | 2026-07-31 |
| 7400 Miami Lakes Dr Apt D305 | condos | 2 | 2 | 1,040 | $310,000 | 2026-07-31 |
| 15505 Miami Lakeway N Apt 201 | condos | 2 | 2 | 1,130 | $345,000 | 2026-07-28 |
| 525 W 69th St Apt 101 | condos | 2 | 2 | 890 | $215,000 | 2026-07-13 |
| 6190392244 | condos | 2 | 2 | 1,010 | $250,000 | 2026-05-15 |
| 15489 Miami Lakeway N Unit 202-3 | condos | 2 | 2 | 1,240 | $336,000 | 2026-04-30 |
| 7201 Miami Lakes Dr Apt B13 | condos | 2 | 2 | 918 | $295,000 | 2026-04-20 |
| 7121 Miami Lakes Dr Apt Q3 | condos | 2 | 2 | 918 | $272,500 | 2026-04-13 |
| 15563 Miami Lakeway N | condos | 2 | 2 | 1,108 | $345,000 | 2026-04-06 |
| 6425710927 | condos | 2 | 2 | 1,075 | $258,000 | 2026-03-27 |
| 15555 Miami Lakeway N Apt 207 | condos | 2 | 2 | 850 | $262,000 | 2026-03-25 |
| 240 W 68th St Apt 207 | condos | 2 | 2 | 1,010 | $245,000 | 2026-03-24 |
| 1035 W 77th St Apt 305 | condos | 2 | 2 | 825 | $200,000 | 2026-03-13 |
| 7430 Miami Lakes Dr Apt E301 | condos | 2 | 2 | 1,020 | $360,000 | 2026-03-02 |
| 1035 W 77th St Apt 208 | condos | 2 | 2 | 825 | $250,000 | 2026-02-25 |
| 606 W 81st St Apt 117 | condos | 2 | 1 | 770 | $200,000 | 2026-01-23 |
| 8005 W 6th Ave Apt C | condos | 2 | 1 | 780 | $225,000 | 2026-01-16 |
| 1055 W 77th St Apt 411 | condos | 2 | 2 | 930 | $217,500 | 2025-12-05 |
| 7204 Fairway Dr Apt I25 | condos | 2 | 2 | 918 | $280,000 | 2025-12-03 |
| 15535 Miami Lakeway N Apt 106 | condos | 2 | 2 | 1,090 | $350,000 | 2025-12-02 |
| 1075 W 68th St Apt 203 | condos | 2 | 1 | 802 | $211,000 | 2025-12-01 |
| 16332 E Oak Walk Unit 16332 | condo_townhome_rowhome_coop | 2 | 2 | 792 | $390,000 | 2025-11-18 |
| 6950 W 6th Ave Apt 315 | condos | 2 | 2 | 1,120 | $270,000 | 2025-11-12 |
| 15569 Miami Lakeway N Apt 204 | condos | 2 | 2 | 950 | $295,000 | 2025-10-31 |
| 8005 W 6th Ave Apt A | condos | 2 | 1 | 780 | $225,000 | 2025-09-05 |
| 1075 W 68th St Apt 110 | condos | 2 | 1 | 802 | $225,000 | 2025-08-29 |
| 7115 Miami Lakes Dr Apt N28 | condos | 2 | 2 | 918 | $270,000 | 2025-08-28 |
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 |
|---|---|---|---|---|---|---|
| 7231 Miami Lakes Dr Apt C5 | condos | 2 | 1 | 816 | $239,000 | — |
| 7412 Big Cypress Dr | condo_townhome_rowhome_coop | 2 | 2 | 1,333 | $575,000 | — |
| 6305 Gage Pl Unit 306A | condos | 2 | 2 | 1,147 | $325,000 | — |
| 7208 Fairway Dr Apt I9 | condos | 2 | 1 | 816 | $279,000 | — |
| 7121 Miami Lakes Dr Apt Q8 | condos | 2 | 2 | 918 | $300,000 | — |
| 6718 NW 166th Ter Unit 301 | condos | 2 | 2 | 970 | $375,000 | — |
| 6305 Gage Pl Unit 309A | condos | 2 | 2 | 1,147 | $375,000 | — |
| 7100 Fairway Dr Apt K11 | condos | 2 | 1 | 816 | $299,900 | — |
10-year hold projection
IRR8.9%
Equity multiple2.40x
Total return (10yr)$105,562
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $226,600 | $13,200 | -$1,692 | $174,092 | $52,508 |
| 2 | $233,398 | $13,651 | -$1,274 | $172,053 | $61,345 |
| 3 | $240,400 | $14,118 | -$841 | $169,873 | $70,527 |
| 4 | $247,612 | $14,600 | -$394 | $167,544 | $80,068 |
| 5 | $255,040 | $15,097 | $68 | $165,056 | $89,985 |
| 6 | $262,692 | $15,611 | $546 | $162,396 | $100,296 |
| 7 | $270,572 | $16,142 | $1,039 | $159,553 | $111,019 |
| 8 | $278,689 | $16,691 | $1,550 | $156,516 | $122,174 |
| 9 | $287,050 | $17,258 | $2,077 | $153,270 | $133,781 |
| 10 | $295,662 | $17,843 | $2,622 | $149,800 | $145,861 |
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.