12401 W Okeechobee Rd
Hialeah, FL 33018 · mobile · For Sale · 124 days on market
Asking price$149,900
5 beds 4 baths — sqft
Listed by Martha Gonzalez · Genesis Realty Services Inc.
Typemobile
Built1990
Price / sqft—
Est. value (Zillow ZIP avg)$530,396
Rent estimate (Zillow ZIP avg)$3,006/mo
HOA$1,300/mo
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Statusfor_sale
Listed date2026-05-01
Removed date—
MLSMiamiMLS #A12010176
Coordinates25.88740, -80.35799
Address12401 W Okeechobee Rd
CityHialeah
StateFL
Zip33018
Listing ID5909135596
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33018)
Typical home value (ZHVI)$530,396
Typical rent (ZORI)$3,006/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 | $149,900 |
| Down payment (20.0%) | $29,980 |
| Loan amount | $119,920 |
| Closing costs (5.0%) | $7,495 |
| Total cash to close | $37,475 |
| Income | |
| Rent (ZIP avg, ZORI — not bedroom-specific) | $3,006$36,075 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,766$33,189 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $237$2,848 |
| Insurance (placeholder 0.8% of price) | $100$1,199 |
| HOA dues | $1,300$15,600 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $150$1,804 |
| Total operating expenses | $1,788$21,451 |
| 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) | $150$1,804 |
| 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.
No active rental listings cached yet for this bedroom count.
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.
No recent recorded sales cached yet for this ZIP.
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 |
|---|---|---|---|---|---|---|
| 3293 W 98th Pl | single_family | 5 | 3 | 2,436 | $660,000 | — |
| 9121 NW 161st Ter | single_family | 5 | 5 | 3,904 | $1,300,000 | — |
| 10181 NW 131st St | single_family | 5 | 5 | 4,389 | $3,850,000 | — |
| 8824 NW 161st Ter | single_family | 5 | 4 | 3,050 | $1,260,000 | — |
| 15455 NW 88th Ct | single_family | 5 | 4 | 3,019 | $1,080,000 | — |
| 9861 NW 135th St | single_family | 5 | 4 | 4,463 | $3,299,999 | — |
| 8995 NW 161st Ter | single_family | 5 | 4 | 3,019 | $1,450,000 | — |
| 8822 NW 161st Ter | single_family | 5 | 4 | 3,050 | $1,080,000 | — |
10-year hold projection
IRR13.2%
Equity multiple3.06x
Total return (10yr)$96,873
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $154,397 | $11,738 | $687 | $118,620 | $35,777 |
| 2 | $159,029 | $12,198 | $1,101 | $117,230 | $41,799 |
| 3 | $163,800 | $12,673 | $1,531 | $115,745 | $48,054 |
| 4 | $168,714 | $13,166 | $1,976 | $114,158 | $54,555 |
| 5 | $173,775 | $13,677 | $2,438 | $112,463 | $61,313 |
| 6 | $178,988 | $14,205 | $2,917 | $110,650 | $68,338 |
| 7 | $184,358 | $14,753 | $3,414 | $108,714 | $75,645 |
| 8 | $189,889 | $15,320 | $3,928 | $106,644 | $83,245 |
| 9 | $195,586 | $15,907 | $4,462 | $104,432 | $91,154 |
| 10 | $201,453 | $16,515 | $5,015 | $102,068 | $99,385 |
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.