3293 W 98th Pl

Hialeah, FL 33018 · single_family · For Sale · 365 days on market
Asking price$660,000
5 beds 3 baths 2,436 sqft
View on Realtor.com →
Listed by Jose L. Mu?iz, PA · Keyes - Doral
Typesingle_family
Built2017
Price / sqft$271
Est. value (own analysis)$781,224
Rent estimate (own analysis)$5,500/mo
HOA$180/mo
Wind10/10Extreme$Heat9/10ExtremeAir2/10MinorFlood1/10minimal$Wildfire1/10Minimal
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Neighborhood

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Statusfor_sale
Listed date2025-09-02
Removed date
MLSMiamiMLS #A11871000
Coordinates25.91206, -80.35181
Address3293 W 98th Pl
CityHialeah
StateFL
Zip33018
Listing ID6123452673
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$660,000
Down payment (20.0%)$132,000
Loan amount$528,000
Closing costs (5.0%)$33,000
Total cash to close$165,000
Rent (comp-derived)$5,500$66,000
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$66,000
Vacancy rate (assumption) assumption8.0%

$66,000 × 8.0% = $5,280

Effective gross income$5,060$60,720
Property tax (placeholder 1.9% of price)$1,045$12,540
Insurance (est. scaled by flood & wind risk)$660$7,920
HOA dues$180$2,160
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$275$3,300
Total operating expenses$2,160$25,920
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$60,720
Total operating expenses derived$25,920

$60,720 − $25,920 = $34,800

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$528,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$528,000 amortized at 6.7% over 30 years = $3,393/mo

CapEx reserve (5.0% of GSR)$275$3,300
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$34,800
Annual debt service derived$40,717
Annual CapEx reserve assumption$3,300
Annual PMI assumption$0

($34,800 − $40,717 − $3,300 − $0) ÷ 12 = -$768

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$34,800
Purchase price data$660,000

$34,800 ÷ $660,000 = 5.3%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$9,217
Total cash to close derived$165,000

-$9,217 ÷ $165,000 = -5.6%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$34,800
Annual debt service derived$40,717

$34,800 ÷ $40,717 = 0.85

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$66,000
Purchase price data$660,000

($66,000 ÷ 12) ÷ $660,000 = 0.8%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$660,000
Gross scheduled rent (annual) comp$66,000

$660,000 ÷ $66,000 = 10.0

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$25,920
Effective gross income derived$60,720

$25,920 ÷ $60,720 = 42.7%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$25,920
Annual debt service derived$40,717
Annual PMI assumption$0
Gross scheduled rent (annual) comp$66,000

($25,920 + $40,717 + $0) ÷ $66,000 = 101.0%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family552,759$5,1002026-08-07
single_family552,909$5,9002026-08-04
single_family532,263$4,200
single_family553,017$5,500
single_family532,145$5,9502026-08-28

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 →

9067 NW 169th St

Miami Lakes, 33018 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage2,145
Listed2026-08-28
Days on market

Asking rent: $5,950

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
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
9861 NW 135th Stsingle_family544,463$3,299,999
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

IRR6.9%
Equity multiple2.10x
Total return (10yr)$267,141
YearProperty valueNOICash flowLoan balanceEquity
1$679,800$34,800-$9,217$522,275$157,525
2$700,194$35,974-$8,126$516,157$184,037
3$721,200$37,186-$6,998$509,620$211,580
4$742,836$38,437-$5,833$502,633$240,203
5$765,121$39,730-$4,629$495,166$269,955
6$788,075$41,065-$3,385$487,186$300,888
7$811,717$42,444-$2,100$478,659$333,058
8$836,068$43,867-$772$469,546$366,522
9$861,150$45,337$600$459,807$401,343
10$886,985$46,855$2,017$449,400$437,585
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.