18400 NW 78th Ave
Hialeah, FL 33015 · single_family · For Sale · 156 days on market
Asking price$1,300,000
5 beds 3 baths 2,728 sqft
Suggested offer$845,107$454,893 above the est. market value of $845,107.
View on Realtor.com →Listed by Odalys Luis · JPM Realty Advisors Inc
Typesingle_family
Built1968
Price / sqft$477
Est. value (own analysis)$845,107
Rent estimate (own analysis)$5,300/mo
HOA$25/mo
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Statusfor_sale
Listed date2026-03-31
Removed date—
MLSMiamiMLS #A11992151
Coordinates25.94076, -80.32797
Address18400 NW 78th Ave
CityHialeah
StateFL
Zip33015
Listing ID5930126076
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)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $1,300,000 |
| Down payment (20.0%) | $260,000 |
| Loan amount | $1,040,000 |
| Closing costs (5.0%) | $65,000 |
| Total cash to close | $325,000 |
| Income | |
| Rent (comp-derived) | $5,300$63,600 |
| Vacancy loss (8.0%) | |
| Effective gross income | $4,876$58,512 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,058$24,700 |
| Insurance (placeholder 0.8% of price) | $867$10,400 |
| HOA dues | $25$300 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $265$3,180 |
| Total operating expenses | $3,215$38,580 |
| 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) | $265$3,180 |
| 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
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| single_family | 5 | 3 | 2,540 | $3,920 | — | — | |
| single_family | 5 | 5 | 2,759 | $5,100 | 2026-08-07 | — | |
| single_family | 5 | 3 | 3,316 | $6,000 | 2026-08-15 | — | |
| single_family | 5 | 5 | 2,909 | $5,900 | 2026-08-04 | — | |
| single_family | 5 | 3 | 2,263 | $4,200 | — | — | |
| single_family | 5 | 5 | 3,017 | $5,500 | — | — |
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 |
|---|---|---|---|---|---|---|
| 8406 NW 201st St | single_family | 5 | 4 | 2,639 | $895,000 | 2026-08-10 |
| 19001 NW 79th Ct | single_family | 5 | 3 | 2,881 | $875,000 | 2026-07-27 |
| 8416 NW 201st St | single_family | 5 | 4 | 2,881 | $910,000 | 2026-05-15 |
| 18811 NW 80th Ave | single_family | 5 | 3 | 2,881 | $784,900 | 2026-05-08 |
| 7945 NW 187th Ln | single_family | 5 | 3 | 2,881 | $805,000 | 2026-04-08 |
| 19640 W Saint Andrews Dr | single_family | 5 | 3 | 3,354 | $1,150,000 | 2025-11-20 |
| 8467 NW 201st Ter | single_family | 5 | 3 | 3,247 | $800,000 | 2025-11-17 |
| 20050 NW 62nd Ave | single_family | 5 | 3 | 1,741 | $760,000 | 2025-10-03 |
| 7952 NW 188th Ln | single_family | 5 | 3 | 2,881 | $660,000 | 2025-09-29 |
| 7880 NW 174th Ter | single_family | 5 | 3 | 1,550 | $755,000 | 2025-09-25 |
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.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 18150 NW 82nd Ave | single_family | 5 | 3 | 1,981 | $829,999 | — |
| 18758 NW 78th Pl | single_family | 5 | 3 | 2,881 | $1,299,000 | — |
| 8251 NW 185th St | single_family | 5 | 4 | 2,229 | $1,050,000 | — |
| 7733 NW 192nd St | single_family | 5 | 3 | 2,800 | $797,999 | — |
| 7960 NW 174th St | single_family | 5 | 3 | 2,090 | $740,000 | — |
| 16825 NW 74th Ave | single_family | 5 | 3 | 2,462 | $749,900 | — |
| 18921 W Oakmont Dr | single_family | 5 | 3 | 2,958 | $1,049,000 | — |
10-year hold projection
IRR-3.1%
Equity multiple0.49x
Total return (10yr)$2,833
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,339,000 | $19,932 | -$63,448 | $1,028,724 | $310,276 |
| 2 | $1,379,170 | $20,723 | -$62,736 | $1,016,674 | $362,496 |
| 3 | $1,420,545 | $21,542 | -$61,999 | $1,003,796 | $416,749 |
| 4 | $1,463,161 | $22,391 | -$61,233 | $990,034 | $473,127 |
| 5 | $1,507,056 | $23,271 | -$60,439 | $975,327 | $531,729 |
| 6 | $1,552,268 | $24,182 | -$59,616 | $959,610 | $592,658 |
| 7 | $1,598,836 | $25,125 | -$58,762 | $942,813 | $656,023 |
| 8 | $1,646,801 | $26,103 | -$57,877 | $924,864 | $721,937 |
| 9 | $1,696,205 | $27,115 | -$56,959 | $905,681 | $790,524 |
| 10 | $1,747,091 | $28,164 | -$56,007 | $885,181 | $861,910 |
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.