2217 W 69th St Unit 2217A

Hialeah, FL 33016 · condos · For Sale · 48 days on market
Asking price$389,800
4 beds 3 baths 1,580 sqft
View on Realtor.com →
Listed by ROY LEMUS · The Lemus Team, Inc.
Typecondos
Built1991
Price / sqft$247
Est. value (own analysis)$444,881
Rent estimate (Zillow ZIP avg)$2,365/mo
HOA$235/mo
Wind10/10Extreme$Heat10/10ExtremeAir2/10MinorFlood1/10minimal$Wildfire1/10Minimal
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-07-16
Removed date
MLSMiamiMLS #A12054916
Coordinates25.88566, -80.32975
Address2217 W 69th St Unit 2217A
CityHialeah
StateFL
Zip33016
Listing ID6090590076
Sourceus-real-estate-listings, cached 2026-08-28

ZIP market snapshot (33016)

Typical home value (ZHVI)$295,375
Typical rent (ZORI)$2,365/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$389,800
Down payment (20.0%)$77,960
Loan amount$311,840
Closing costs (5.0%)$19,490
Total cash to close$97,450
Rent (ZIP avg, ZORI — not bedroom-specific)$2,365$28,375
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$28,375
Vacancy rate (assumption) assumption8.0%

$28,375 × 8.0% = $2,270

Effective gross income$2,175$26,105
Property tax (placeholder 1.9% of price)$617$7,406
Insurance (est. scaled by flood & wind risk)$390$4,678
HOA dues$235$2,820
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$118$1,419
Total operating expenses$1,360$16,323
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$26,105
Total operating expenses derived$16,323

$26,105 − $16,323 = $9,783

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$311,840
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$311,840 amortized at 6.7% over 30 years = $2,004/mo

CapEx reserve (5.0% of GSR)$118$1,419
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$9,783
Annual debt service derived$24,048
Annual CapEx reserve assumption$1,419
Annual PMI assumption$0

($9,783 − $24,048 − $1,419 − $0) ÷ 12 = -$1,307

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$9,783
Purchase price data$389,800

$9,783 ÷ $389,800 = 2.5%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$15,684
Total cash to close derived$97,450

-$15,684 ÷ $97,450 = -16.1%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$9,783
Annual debt service derived$24,048

$9,783 ÷ $24,048 = 0.41

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$28,375
Purchase price data$389,800

($28,375 ÷ 12) ÷ $389,800 = 0.6%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$389,800
Gross scheduled rent (annual) comp$28,375

$389,800 ÷ $28,375 = 13.7

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$16,323
Effective gross income derived$26,105

$16,323 ÷ $26,105 = 62.5%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$16,323
Annual debt service derived$24,048
Annual PMI assumption$0
Gross scheduled rent (annual) comp$28,375

($16,323 + $24,048 + $0) ÷ $28,375 = 142.3%

Comparables

Widened to city-wide. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
condos431,500$3,8902026-05-19
condos431,500$3,890

6920 NW 177th St Unit Q101

Hialeah, 33015 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,500
Listed2026-05-19
Days on market

Asking rent: $3,890

View on Zillow →

6920 NW 177th St # CU-Q101

Hialeah, 33015 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,500
Listed
Days on market

Asking rent: $3,890

View on Zillow →

Widened to any bedroom count in ZIP. 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
6278 W 22nd Ct Apt 20condos22778$225,0002026-08-29
2228 W 74th St Unit 102-13condos22960$325,0002026-08-20
2770 W 60th Pl Apt 202condos22755$240,0002026-08-14
5580 W 26th Ct Apt 102condos22819$213,0002026-08-11
2730 W 61st Pl Apt 201condos22755$242,5002026-08-10
6149917456condos22910$365,0002026-08-07
2331 W 66th Pl Unit 201condos22825$245,0002026-08-03
8186 NW 98th Ter Unit 132condos321,171$270,0002026-07-30
6041 W 24th Ave Unit B103condos22954$269,9002026-07-30
2158 W 60th St Apt 13108condos11528$180,0002026-07-28
5362 W 24th Ave Unit 117condos22962$330,0002026-07-24
5790 W 26th Ave Unit 202condos331,173$302,0002026-07-24
5227 W 24th Way Unit 2Acondos321,030$235,0002026-07-15
9915 W Okeechobee Rd Unit 2-403condos321,190$300,0002026-07-15
120 Royal Palm Rd Apt 301condos22817$210,0002026-07-14
2260 W 53rd Pl Apt 7condos22888$200,0002026-07-10
2680 W 76th St Apt 211condos221,024$289,0002026-07-07
2775 W 52nd St Apt 206condos21820$240,0002026-07-02
6640 W 24th Ct Unit 25-106condos331,303$375,0002026-06-26
2735 W 60th Pl Apt 204condos22755$250,0002026-06-24
2276 W 56th St Unit 109condos22924$295,0002026-06-24
8186 NW 98th Ln Unit 123condos431,296$380,0002026-06-22
8360 NW 103rd St Unit 204Econdos231,250$335,0002026-06-15
6011 W 24th Ave Unit A201condos22954$268,0002026-06-12
6121 W 24th Ave Apt 211condos21860$230,0002026-06-10
2760 W 62nd Pl Apt 203condos22847$240,0002026-06-02
10090 NW 80th Ct Apt 1553condos321,280$277,0002026-06-01
5400 W 20th Ave Unit 101condos22825$260,0002026-06-01
2212 W 74th St Unit 101-28condos22960$274,0002026-05-22
2530 W 67th Pl Unit 12-29condos22750$245,0002026-05-22
7439 W 22nd Ave Apt 103condos22910$290,0002026-05-22
2710 W 76th St Apt 207condos221,024$260,0002026-05-12
140 Royal Palm Rd Apt 202condos12715$161,5002026-05-04
7101 W 24th Ave Apt 55condos221,020$367,0002026-04-29
6041 W 24th Ave Unit B202condos321,165$300,0002026-04-29
5350 W 21st Ct Apt 203condos22812$225,0002026-04-28
2154 W 60th St Apt 12218condos11528$175,0002026-04-15
2780 W 76th St Apt 205condos221,024$230,0002026-04-14
2630 W 76th St Apt 201condos22960$240,0002026-04-07
5698 W 25th Ct Unit 5698condos22986$250,0002026-04-07
2660 W 76th St Apt 207condos221,024$265,0002026-03-25
8390 NW 103rd St Unit 205Hcondos231,250$320,0002026-03-18
14817 Balgowan Rd Unit 201-5condos221,405$450,0002026-03-16
14842 Breckness Plcondo_townhome_rowhome_coop221,483$545,0002026-03-16
2690 W 76th St Apt 104condos21985$235,0002026-03-16
120 Royal Palm Rd Apt 102condos12715$168,0002026-03-13
2377 W 66th Pl Unit 204condos22828$275,0002026-03-11
10017 W Okeechobee Rd Apt 202condos22996$250,0002026-03-09
10090 NW 80th Ct Apt 1401condos22960$247,0002026-03-02
5888 W 25th Ct Unit 5condos22866$230,0002026-02-20

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
15600 NW 82nd Ctsingle_family432,947$1,395,000
14629 Glencairn Rdsingle_family432,309$1,100,000
15721 NW 79th Ctsingle_family443,093$1,699,000
15901 NW 83rd Plsingle_family432,889$1,250,000
2561 W 60th Pl Unit 102-1townhomes431,798$429,999
16581 NW 84th Avesingle_family432,659$1,499,999
16820 NW 80th Ctsingle_family432,186$995,000
2450 W 67th Pl Unit 13-12townhomes431,665$385,000

10-year hold projection

IRR-0.7%
Equity multiple0.89x
Total return (10yr)$40,507
YearProperty valueNOICash flowLoan balanceEquity
1$401,494$9,783-$15,684$308,459$93,035
2$413,539$10,158-$15,344$304,846$108,693
3$425,945$10,546-$14,992$300,984$124,961
4$438,723$10,948-$14,627$296,858$141,866
5$451,885$11,364-$14,249$292,448$159,437
6$465,442$11,795-$13,857$287,735$177,706
7$479,405$12,242-$13,451$282,699$196,706
8$493,787$12,704-$13,031$277,317$216,470
9$508,601$13,182-$12,595$271,565$237,036
10$523,859$13,677-$12,143$265,418$258,441
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.