9861 NW 135th St

Hialeah Gardens, FL 33018 · single_family · For Sale · 119 days on market
Asking price$3,299,999
5 beds 4 baths 4,463 sqft
Suggested offer$1,431,283$1,868,716 above the est. market value of $1,431,283.
View on Realtor.com →
Listed by Sucel Estrada Perez · Phantom Real Estate
Typesingle_family
Built2009
Price / sqft$739
Est. value (own analysis)$1,431,283
Rent estimate (own analysis)$5,900/mo
HOANone
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Neighborhood

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Statusfor_sale
Listed date2026-05-06
Removed date
MLSMiamiMLS #A12013949
Coordinates25.89653, -80.35957
Address9861 NW 135th St
CityHialeah Gardens
StateFL
Zip33018
Listing ID6108638102
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)

Purchase price$3,299,999
Down payment (20.0%)$660,000
Loan amount$2,639,999
Closing costs (5.0%)$165,000
Total cash to close$825,000
Rent (comp-derived)$5,900$70,800
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$70,800
Vacancy rate (assumption) assumption8.0%

$70,800 × 8.0% = $5,664

Effective gross income$5,428$65,136
Property tax (placeholder 1.9% of price)$5,225$62,700
Insurance (placeholder 0.8% of price)$2,200$26,400
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$295$3,540
Total operating expenses$7,720$92,640
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$65,136
Total operating expenses derived$92,640

$65,136 − $92,640 = -$27,504

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$2,639,999
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$2,639,999 amortized at 6.7% over 30 years = $16,965/mo

CapEx reserve (5.0% of GSR)$295$3,540
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-$27,504
Annual debt service derived$203,584
Annual CapEx reserve assumption$3,540
Annual PMI assumption$0

(-$27,504 − $203,584 − $3,540 − $0) ÷ 12 = -$19,552

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived-$27,504
Purchase price data$3,299,999

-$27,504 ÷ $3,299,999 = -0.8%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$234,628
Total cash to close derived$825,000

-$234,628 ÷ $825,000 = -28.4%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived-$27,504
Annual debt service derived$203,584

-$27,504 ÷ $203,584 = -0.14

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$70,800
Purchase price data$3,299,999

($70,800 ÷ 12) ÷ $3,299,999 = 0.2%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$3,299,999
Gross scheduled rent (annual) comp$70,800

$3,299,999 ÷ $70,800 = 46.6

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$92,640
Effective gross income derived$65,136

$92,640 ÷ $65,136 = 142.2%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$92,640
Annual debt service derived$203,584
Annual PMI assumption$0
Gross scheduled rent (annual) comp$70,800

($92,640 + $203,584 + $0) ÷ $70,800 = 418.4%

Comparables

Same ZIP. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family533,316$6,0002026-08-15
single_family552,909$5,9002026-08-04
single_family553,017$5,500

9260 W 35th Ln

Hialeah, 33018 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage3,316
Listed2026-08-15
Days on market

Asking rent: $6,000

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 →

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
10594 W 35th Lnsingle_family552,909$720,0002026-08-27
3416 W 109th Plsingle_family532,263$690,0002026-08-26
9810 NW 137th Stsingle_family553,791$2,025,0002026-08-24
3573 W 93rd Plsingle_family532,808$700,0002026-08-17
8968 NW 180th Tersingle_family553,408$900,0002026-08-14
18172 NW 91st Ctsingle_family572,878$1,315,0002026-08-12
16033 NW 87th Ctsingle_family543,050$1,200,0002026-07-24
15450 NW 88th Avesingle_family543,135$1,245,0002026-07-16
9898 NW 133rd Stsingle_family553,914$2,100,0002026-07-10
15722 NW 88th Avesingle_family533,050$1,390,0002026-06-01
3521 W 92nd Plsingle_family533,316$805,0002026-05-29
3542 W 93rd Plsingle_family532,808$770,0002026-05-08
3522 W 86th Tersingle_family553,084$850,0002026-04-24
8752 NW 157th Tersingle_family533,050$990,0002026-04-22
10966 W 35th Waysingle_family532,263$699,0002026-04-21
9901 NW 130th Stsingle_family534,858$2,108,5002026-04-10
8910 NW 160th Tersingle_family543,014$1,180,0002026-02-14
17933 NW 87th Plsingle_family553,408$1,060,0002026-02-13
8740 NW 153rd Tersingle_family533,087$990,0002026-01-22
8823 NW 155th Tersingle_family533,050$1,350,0002025-12-08
9015 NW 161st Tersingle_family554,147$1,485,0002025-11-26
8854 NW 153rd Tersingle_family532,560$630,0002025-10-28
3218 W 97th Tersingle_family542,433$660,0002025-09-23

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
3293 W 98th Plsingle_family532,436$660,000
9121 NW 161st Tersingle_family553,904$1,300,000
10181 NW 131st Stsingle_family554,389$3,850,000
8824 NW 161st Tersingle_family543,050$1,260,000
15455 NW 88th Ctsingle_family543,019$1,080,000
12401 W Okeechobee Rdmobile54$149,900
8995 NW 161st Tersingle_family543,019$1,450,000
8822 NW 161st Tersingle_family543,050$1,080,000

10-year hold projection

IRR-9.1%
Equity multiple-0.54x
Total return (10yr)-$838,746
YearProperty valueNOICash flowLoan balanceEquity
1$3,398,999-$27,504-$234,628$2,611,376$787,623
2$3,500,969-$27,866-$235,079$2,580,787$920,182
3$3,605,998-$28,227-$235,531$2,548,097$1,057,901
4$3,714,178-$28,587-$235,984$2,513,162$1,201,016
5$3,825,603-$28,946-$236,438$2,475,829$1,349,774
6$3,940,371-$29,303-$236,893$2,435,932$1,504,440
7$4,058,583-$29,658-$237,348$2,393,295$1,665,288
8$4,180,340-$30,011-$237,803$2,347,730$1,832,610
9$4,305,750-$30,360-$238,258$2,299,036$2,006,715
10$4,434,923-$30,707-$238,712$2,246,998$2,187,925
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.