7960 NW 174th St

Hialeah, FL 33015 · single_family · For Sale · 71 days on market
Asking price$740,000
5 beds 3 baths 2,090 sqft
Suggested offer$647,461$92,539 above the est. market value of $647,461.
View on Realtor.com →
Listed by Nereida Mcfarlane · SSI Realty of Florida
Typesingle_family
Built1962
Price / sqft$354
Est. value (own analysis)$647,461
Rent estimate (own analysis)$4,900/mo
HOANone
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Neighborhood

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Statusfor_sale
Listed date2026-06-24
Removed date
MLSBeachesMLS #B26044692
Coordinates25.93115, -80.33177
Address7960 NW 174th St
CityHialeah
StateFL
Zip33015
Listing ID5896922121
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$740,000
Down payment (20.0%)$148,000
Loan amount$592,000
Closing costs (5.0%)$37,000
Total cash to close$185,000
Rent (comp-derived)$4,900$58,800
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$58,800
Vacancy rate (assumption) assumption8.0%

$58,800 × 8.0% = $4,704

Effective gross income$4,508$54,096
Property tax (placeholder 1.9% of price)$1,172$14,060
Insurance (placeholder 0.8% of price)$493$5,920
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$245$2,940
Total operating expenses$1,910$22,920
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$54,096
Total operating expenses derived$22,920

$54,096 − $22,920 = $31,176

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$592,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$592,000 amortized at 6.7% over 30 years = $3,804/mo

CapEx reserve (5.0% of GSR)$245$2,940
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$31,176
Annual debt service derived$45,652
Annual CapEx reserve assumption$2,940
Annual PMI assumption$0

($31,176 − $45,652 − $2,940 − $0) ÷ 12 = -$1,451

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$31,176
Purchase price data$740,000

$31,176 ÷ $740,000 = 4.2%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$17,416
Total cash to close derived$185,000

-$17,416 ÷ $185,000 = -9.4%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$31,176
Annual debt service derived$45,652

$31,176 ÷ $45,652 = 0.68

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$58,800
Purchase price data$740,000

($58,800 ÷ 12) ÷ $740,000 = 0.7%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$740,000
Gross scheduled rent (annual) comp$58,800

$740,000 ÷ $58,800 = 12.6

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$22,920
Effective gross income derived$54,096

$22,920 ÷ $54,096 = 42.4%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$22,920
Annual debt service derived$45,652
Annual PMI assumption$0
Gross scheduled rent (annual) comp$58,800

($22,920 + $45,652 + $0) ÷ $58,800 = 116.6%

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_family541,769$5,450
single_family521,750$4,9002026-07-01
single_family552,759$5,1002026-08-07
single_family532,263$4,200

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 →

5862 W 2nd Ct

Hialeah, 33012 · rent comp

Bedrooms / bathrooms5 bd / 4 ba
Square footage1,769
Listed
Days on market

Asking rent: $5,450

View on Zillow →

3455 E 1st Ct Unit 3455

Hialeah, 33013 · rent comp

Bedrooms / bathrooms5 bd / 2 ba
Square footage1,750
Listed2026-07-01
Days on market

Asking rent: $4,900

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 →

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 →

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
16825 NW 74th Avesingle_family532,462$749,900
18921 W Oakmont Drsingle_family532,958$1,049,000

10-year hold projection

IRR4.0%
Equity multiple1.65x
Total return (10yr)$216,534
YearProperty valueNOICash flowLoan balanceEquity
1$762,200$31,176-$17,416$585,581$176,619
2$785,066$32,226-$16,440$578,722$206,344
3$808,618$33,310-$15,431$571,392$237,226
4$832,877$34,430-$14,388$563,558$269,319
5$857,863$35,586-$13,311$555,186$302,677
6$883,599$36,780-$12,198$546,240$337,359
7$910,107$38,013-$11,048$536,679$373,428
8$937,410$39,287-$9,860$526,461$410,949
9$965,532$40,601-$8,633$515,542$449,990
10$994,498$41,959-$7,365$503,873$490,625
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.