8197 W 14th Ct

Hialeah, FL 33014 · single_family · Pending — under contract · 70 days on market
Asking price$949,000
5 beds 3 baths 2,306 sqft
Suggested offer$822,581$126,419 above the est. market value of $822,581.
View on Realtor.com →
Listed by Michael Light · Douglas Elliman - Coconut Grove
Typesingle_family
Built1966
Price / sqft$412
Est. value (own analysis)$822,581
Rent estimate (own analysis)$5,100/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeAir2/10MinorFlood1/10minimal$Wildfire1/10Minimal
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Neighborhood

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Statusfor_sale
Listed date2026-06-24
Removed date
MLSMiamiMLS #A12042390
Coordinates25.89680, -80.31274
Address8197 W 14th Ct
CityHialeah
StateFL
Zip33014
Listing ID6070578265
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$949,000
Down payment (20.0%)$189,800
Loan amount$759,200
Closing costs (5.0%)$47,450
Total cash to close$237,250
Rent (comp-derived)$5,100$61,200
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$61,200
Vacancy rate (assumption) assumption8.0%

$61,200 × 8.0% = $4,896

Effective gross income$4,692$56,304
Property tax (placeholder 1.9% of price)$1,503$18,031
Insurance (est. scaled by flood & wind risk)$949$11,388
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$255$3,060
Total operating expenses$2,707$32,479
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$56,304
Total operating expenses derived$32,479

$56,304 − $32,479 = $23,825

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$759,200
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$759,200 amortized at 6.7% over 30 years = $4,879/mo

CapEx reserve (5.0% of GSR)$255$3,060
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$23,825
Annual debt service derived$58,546
Annual CapEx reserve assumption$3,060
Annual PMI assumption$0

($23,825 − $58,546 − $3,060 − $0) ÷ 12 = -$3,148

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$23,825
Purchase price data$949,000

$23,825 ÷ $949,000 = 2.5%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$37,781
Total cash to close derived$237,250

-$37,781 ÷ $237,250 = -15.9%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$23,825
Annual debt service derived$58,546

$23,825 ÷ $58,546 = 0.41

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$61,200
Purchase price data$949,000

($61,200 ÷ 12) ÷ $949,000 = 0.5%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$949,000
Gross scheduled rent (annual) comp$61,200

$949,000 ÷ $61,200 = 15.5

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$32,479
Effective gross income derived$56,304

$32,479 ÷ $56,304 = 57.7%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$32,479
Annual debt service derived$58,546
Annual PMI assumption$0
Gross scheduled rent (annual) comp$61,200

($32,479 + $58,546 + $0) ÷ $61,200 = 148.7%

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_family552,909$5,9002026-08-04
single_family532,263$4,200
single_family553,017$5,500

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 →

10614 W 35th Ln

Hialeah, 33018 · rent comp

Bedrooms / bathrooms5 bd / 5 ba
Square footage2,909
Listed2026-08-04
Days on market

Asking rent: $5,900

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 →

17994 NW 87th Pl

Hialeah, 33018 · rent comp

Bedrooms / bathrooms5 bd / 5 ba
Square footage3,017
Listed
Days on market

Asking rent: $5,500

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
1082 W 71st Stsingle_family522,807$800,0002026-06-22
7605 W 6th Avesingle_family522,215$699,9002026-04-30
955 W 72nd Plsingle_family542,374$575,0002026-03-30
1243 W 78th Stsingle_family532,092$750,0002026-03-30
8031 W 14th Ctsingle_family532,495$890,0002025-12-26
14940 Egan Lnsingle_family542,850$1,260,0002025-12-14
15950 W Prestwick Plsingle_family524,610$1,765,0002025-12-02
6860 Miami Lakes Drsingle_family532,227$925,0002025-11-17
5908098755single_family542,320$726,0002025-11-13
16100 W Prestwick Plsingle_family534,168$1,500,0002025-11-12
620 W 70th Plsingle_family522,159$660,0002025-10-02

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
7355 Poinciana Ctsingle_family532,209$935,000
7850 W 16th Avesingle_family542,182$787,000
6750 White Oak Drsingle_family541,940$1,000,000
15761 Turnberry Drsingle_family533,724$2,450,000
16120 E Troon Cirsingle_family533,033$1,350,000
1314 W 77th Stsingle_family552,574$799,900

10-year hold projection

IRR-0.6%
Equity multiple0.90x
Total return (10yr)$101,240
YearProperty valueNOICash flowLoan balanceEquity
1$977,470$23,825-$37,781$750,969$226,501
2$1,006,794$24,702-$36,980$742,172$264,622
3$1,036,998$25,610-$36,151$732,771$304,227
4$1,068,108$26,549-$35,293$722,725$345,383
5$1,100,151$27,520-$34,404$711,989$388,162
6$1,133,156$28,525-$33,483$700,516$432,640
7$1,167,150$29,564-$32,530$688,254$478,896
8$1,202,165$30,640-$31,544$675,151$527,014
9$1,238,230$31,752-$30,522$661,148$577,082
10$1,275,377$32,902-$29,465$646,183$629,194
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.