903 W 77th St

Hialeah, FL 33014 · condo_townhome_rowhome_coop · For Sale · 13 days on market
Asking price$450,000
3 beds 2 baths 1,103 sqft
Suggested offer$243,798$206,202 above the est. market value of $243,798.
View on Realtor.com →
Typecondo_townhome_rowhome_coop
Built1965
Price / sqft$408
Est. value (own analysis)$243,798
Rent estimate (own analysis)$3,050/mo
HOANone
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Neighborhood

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Statusfor_sale
Listed date2026-08-20
Removed date
MLSMiamiMLS #A12074890
Coordinates25.89275, -80.30190
Address903 W 77th St
CityHialeah
StateFL
Zip33014
Listing ID5878062406
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)

Purchase price$450,000
Down payment (20.0%)$90,000
Loan amount$360,000
Closing costs (5.0%)$22,500
Total cash to close$112,500
Rent (comp-derived)$3,050$36,600
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$36,600
Vacancy rate (assumption) assumption8.0%

$36,600 × 8.0% = $2,928

Effective gross income$2,806$33,672
Property tax (placeholder 1.9% of price)$713$8,550
Insurance (placeholder 0.8% of price)$300$3,600
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$153$1,830
Total operating expenses$1,165$13,980
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$33,672
Total operating expenses derived$13,980

$33,672 − $13,980 = $19,692

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$360,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$360,000 amortized at 6.7% over 30 years = $2,313/mo

CapEx reserve (5.0% of GSR)$153$1,830
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$19,692
Annual debt service derived$27,762
Annual CapEx reserve assumption$1,830
Annual PMI assumption$0

($19,692 − $27,762 − $1,830 − $0) ÷ 12 = -$825

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$19,692
Purchase price data$450,000

$19,692 ÷ $450,000 = 4.4%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$9,900
Total cash to close derived$112,500

-$9,900 ÷ $112,500 = -8.8%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$19,692
Annual debt service derived$27,762

$19,692 ÷ $27,762 = 0.71

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$36,600
Purchase price data$450,000

($36,600 ÷ 12) ÷ $450,000 = 0.7%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$450,000
Gross scheduled rent (annual) comp$36,600

$450,000 ÷ $36,600 = 12.3

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$13,980
Effective gross income derived$33,672

$13,980 ÷ $33,672 = 41.5%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$13,980
Annual debt service derived$27,762
Annual PMI assumption$0
Gross scheduled rent (annual) comp$36,600

($13,980 + $27,762 + $0) ÷ $36,600 = 114.0%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
condos321,270$2,7002026-07-06
condos321,348$2,9802026-05-05
condos321,348$3,0502026-06-11
condos321,316$2,5002026-08-24
condos321,016$2,5002026-04-28
condos321,086$3,2002026-07-15
condos321,217$3,6372026-08-03
apartment321,217$2,5002026-03-31
apartment321,217$3,717
apartment321,300$2,649
apartment321,405$3,287
apartment321,405$3,767
condos321,250$2,814
condos321,250$2,841
apartment321,217$3,637
apartment321,217$3,937
condos321,086$3,6952026-09-01

6926 NW 166th Ter Unit 1302

Miami Lakes, 33014 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,270
Listed2026-07-06
Days on market

Asking rent: $2,700

View on Zillow →

15533 Miami Lakeway N Apt 201

Miami Lakes, 33014 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,348
Listed2026-05-05
Days on market

Asking rent: $2,980

View on Zillow →

Miami Lakes, 33014 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,348
Listed2026-06-11
Days on market

Asking rent: $3,050

View on Zillow →

6950 W 6th Ave Apt 225

Hialeah, 33014 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,316
Listed2026-08-24
Days on market

Asking rent: $2,500

View on Zillow →

1325 W 68th St Apt 514

Hialeah, 33014 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,016
Listed2026-04-28
Days on market

Asking rent: $2,500

View on Zillow →

330 W 74th Pl Unit 330

Hialeah, 33014 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,086
Listed2026-07-15
Days on market

Asking rent: $3,200

View on Zillow →

7200 W 4th Ave Unit 14-115

Hialeah, 33014 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,217
Listed2026-08-03
Days on market

Asking rent: $3,637

View on Zillow →

305 W 68th St Apt 319

Hialeah, 33014 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,217
Listed2026-03-31
Days on market

Asking rent: $2,500

View on Zillow →

7218 W 4th Ave # 1-215

Hialeah, 33014 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,217
Listed
Days on market

Asking rent: $3,717

View on Zillow →

6431 Cow Pen Rd # P211

Miami Lakes, 33014 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,300
Listed
Days on market

Asking rent: $2,649

View on Zillow →

6460 Main St # 07-205

Hialeah, 33014 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,405
Listed
Days on market

Asking rent: $3,287

View on Zillow →

6460 Main St # 05-210

Hialeah, 33014 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,405
Listed
Days on market

Asking rent: $3,767

View on Zillow →

6975 W 16th Ave Apt 326

Hialeah, 33014 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,250
Listed
Days on market

Asking rent: $2,814

View on Zillow →

6975 W 16th Ave Apt 317

Hialeah, 33014 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,250
Listed
Days on market

Asking rent: $2,841

View on Zillow →

7218 W 4th Ave # 14-115

Hialeah, 33014 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,217
Listed
Days on market

Asking rent: $3,637

View on Zillow →

7218 W 4th Ave # 16-115

Hialeah, 33014 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,217
Listed
Days on market

Asking rent: $3,937

View on Zillow →

7200 W 4th Ave Unit 16-115

Hialeah, 33014 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,086
Listed2026-09-01
Days on market

Asking rent: $3,695

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
8003 W 6th Ave Apt Mcondos321,090$230,0002026-08-19
1052 W 79th St Unit 11condos331,300$418,0002026-08-19
1900 W 68th St Apt G103condos321,260$278,5002026-08-10
7001 Loch Isle Dr Scondo_townhome_rowhome_coop321,455$515,0002026-08-05
15485 Miami Lakeway N Unit 208-2condos321,240$350,0002026-06-18
8001 W 6th Ave Apt Mcondos321,090$225,0002026-04-01
6950 W 6th Ave Apt 224condo331,316$280,0002026-02-05

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
6931 Loch Ness Drsingle_family322,050$1,100,000
6402 Windmill Gate Rdtownhomes32972$459,000
14021 Cypress Ctsingle_family332,216$920,000
15499 Miami Lakeway N Unit 306-5condos321,240$349,990
15533 Miami Lakeway N Unit 101-19condos321,282$404,900
13988 Lake Lure Ctsingle_family321,412$799,999
6901 Miami Lakeway Ssingle_family322,206$1,250,000
6364 Milk Wagon Lntownhomes321,275$460,000

10-year hold projection

IRR4.5%
Equity multiple1.72x
Total return (10yr)$139,625
YearProperty valueNOICash flowLoan balanceEquity
1$463,500$19,692-$9,900$356,097$107,403
2$477,405$20,353-$9,285$351,925$125,480
3$491,727$21,035-$8,649$347,468$144,259
4$506,479$21,739-$7,993$342,704$163,775
5$521,673$22,467-$7,315$337,613$184,060
6$537,324$23,218-$6,614$332,172$205,151
7$553,443$23,994-$5,890$326,358$227,085
8$570,047$24,794-$5,142$320,145$249,902
9$587,148$25,621-$4,370$313,505$273,643
10$604,762$26,475-$3,572$306,408$298,354
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.