6983 W 24th Ln
Hialeah, FL 33016 · single_family · Pending — under contract · 20 days on market
Asking price$530,000
3 beds 2 baths 1,414 sqft
Listed by Mirtha Guzman, PA · Amerifirst Realty
Typesingle_family
Built1991
Price / sqft$375
Est. value (own analysis)$586,141
Rent estimate (own analysis)$3,380/mo
HOANone
Wind10/10Extreme$Heat9/10ExtremeAir2/10MinorFlood1/10minimal$Wildfire1/10Minimal
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Statusfor_sale
Listed date2026-08-13
Removed date—
MLSMiamiMLS #A12069036
Coordinates25.88584, -80.33288
Address6983 W 24th Ln
CityHialeah
StateFL
Zip33016
Listing ID6189419355
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)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $530,000 |
| Down payment (20.0%) | $106,000 |
| Loan amount | $424,000 |
| Closing costs (5.0%) | $26,500 |
| Total cash to close | $132,500 |
| Income | |
| Rent (comp-derived) | $3,380$40,560 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,110$37,315 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $839$10,070 |
| Insurance (est. scaled by flood & wind risk) | $530$6,360 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $169$2,028 |
| Total operating expenses | $1,538$18,458 |
| 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) | $169$2,028 |
| 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
Same ZIP. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| single_family | 3 | 2 | 1,440 | $2,799 | — | — | |
| single_family | 3 | 2 | 1,284 | $3,430 | — | — | |
| single_family | 3 | 2 | 1,440 | $3,400 | 2026-08-08 | — | |
| single_family | 3 | 2 | 1,398 | $3,380 | 2026-08-22 | — | |
| single_family | 3 | 2 | 1,274 | $3,450 | 2026-08-04 | — | |
| single_family | 3 | 3 | 1,459 | $3,950 | — | — | |
| single_family | 3 | 3 | 1,351 | $3,200 | — | — | |
| single_family | 3 | 3 | 1,309 | $2,600 | — | — | |
| single_family | 3 | 3 | 1,340 | $2,850 | — | — | |
| single_family | 3 | 1 | 1,000 | $2,800 | 2024-07-02 | — | |
| single_family | 3 | 2 | 1,400 | $3,500 | — | — |
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 |
|---|---|---|---|---|---|---|
| 8601 Dundee Ter | single_family | 3 | 2 | 2,085 | $1,050,000 | 2026-08-21 |
| 16501 NW 84th Ct | single_family | 3 | 2 | 1,903 | $750,000 | 2026-08-18 |
| 2462 W 65th St | single_family | 3 | 2 | 1,520 | $499,999 | 2026-07-31 |
| 2501 W 73rd Pl | single_family | 3 | 2 | 1,285 | $540,000 | 2026-07-29 |
| 6527 W 22nd Ln | single_family | 3 | 2 | 1,315 | $515,000 | 2026-07-15 |
| 16828 NW 83rd Pl | single_family | 3 | 3 | 1,948 | $875,000 | 2026-06-30 |
| 14435 NW 83rd Pl | single_family | 3 | 2 | 1,131 | $487,000 | 2026-06-25 |
| 2682 W 70th Pl | single_family | 3 | 2 | 1,146 | $555,000 | 2026-06-16 |
| 2737 W 55th Pl | single_family | 3 | 2 | 1,274 | $598,000 | 2026-06-05 |
| 2566 W 73rd Pl | single_family | 3 | 2 | 1,506 | $547,000 | 2026-05-26 |
| 16037 NW 77th Pl | single_family | 3 | 3 | 1,999 | $875,000 | 2026-05-20 |
| 2446 W 70th Pl | single_family | 3 | 2 | 1,233 | $499,000 | 2026-05-13 |
| 2749 W 73rd Pl | single_family | 3 | 2 | 1,170 | $567,000 | 2026-05-11 |
| 5841 W 21st Ct | single_family | 3 | 2 | 1,164 | $460,000 | 2026-05-04 |
| 2496 W 70th Pl | single_family | 3 | 2 | 1,228 | $547,000 | 2026-05-04 |
| 7827 NW 166th Ter | single_family | 3 | 2 | 1,800 | $859,000 | 2026-04-24 |
| 2741 W 74th St | single_family | 3 | 2 | 1,237 | $525,000 | 2026-04-07 |
| 8235 NW 164th St | single_family | 3 | 4 | 2,985 | $980,000 | 2026-04-06 |
| 2597 W 73rd Pl | single_family | 3 | 2 | 1,384 | $550,000 | 2026-04-03 |
| 8326 NW 144th St | single_family | 3 | 2 | 2,015 | $490,000 | 2026-04-02 |
| 7935 NW 162nd St | single_family | 3 | 3 | 2,757 | $1,150,000 | 2026-04-01 |
| 2614 W 65th St | single_family | 3 | 2 | 1,170 | $500,000 | 2026-03-31 |
| 2755 W 74th St | single_family | 3 | 2 | 1,237 | $527,000 | 2026-03-26 |
| 14679 Glencairn Rd | single_family | 3 | 2 | 2,082 | $875,000 | 2026-03-19 |
| 2551 W 64th Pl | single_family | 3 | 2 | 1,170 | $490,000 | 2026-03-17 |
| 8445 NW 165th Ter | single_family | 3 | 3 | 1,903 | $987,500 | 2026-03-12 |
| 14391 NW 83rd Ave | single_family | 3 | 3 | 2,015 | $605,000 | 2026-02-13 |
| 8451 Dundee Ter | single_family | 3 | 2 | 2,655 | $1,160,000 | 2026-02-10 |
| 6854 W 25th Ct | single_family | 3 | 2 | 1,271 | $490,000 | 2026-02-05 |
| 6590 W 24th Ct # 24-106 | single_family | 3 | 3 | 1,303 | $340,000 | 2026-01-27 |
| 15121 Garvock Pl | single_family | 3 | 2 | 2,413 | $1,075,000 | 2025-12-18 |
| 8635 Menteith Ter | single_family | 3 | 2 | 2,400 | $945,000 | 2025-12-18 |
| 5751 W 21st Ct | single_family | 3 | 2 | 1,164 | $511,000 | 2025-12-11 |
| 6950 W 25th Ave | single_family | 3 | 2 | 1,296 | $500,000 | 2025-12-09 |
| 5987 W 21st Ct | single_family | 3 | 2 | 1,164 | $500,000 | 2025-11-17 |
| 2749 W 72nd St | single_family | 3 | 2 | 1,260 | $515,000 | 2025-11-05 |
| 2141 W 53rd St | single_family | 3 | 2 | 1,286 | $510,000 | 2025-11-03 |
| 2525 W 73rd Pl | single_family | 3 | 2 | 1,170 | $490,000 | 2025-11-03 |
| 2534 W 72nd St | single_family | 3 | 2 | 1,260 | $465,000 | 2025-10-31 |
| 8455 NW 169th Ter | single_family | 3 | 3 | 2,318 | $825,000 | 2025-10-30 |
| 2627 W 69th Ter | single_family | 3 | 2 | 1,458 | $560,000 | 2025-10-17 |
| 2553 W 70th Pl | single_family | 3 | 2 | 1,146 | $420,000 | 2025-10-09 |
| 5870 W 20th Ln | single_family | 3 | 2 | 1,274 | $510,000 | 2025-10-06 |
| 6562 W 22nd Ct | single_family | 3 | 2 | 1,242 | $495,000 | 2025-10-01 |
| 15536 NW 83rd Ave | single_family | 3 | 2 | 2,595 | $1,055,000 | 2025-09-30 |
| 2545 W 72nd St | single_family | 3 | 2 | 1,290 | $545,000 | 2025-09-16 |
| 6853 W 25th Ct | single_family | 3 | 2 | 1,363 | $565,000 | 2025-09-05 |
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 |
|---|---|---|---|---|---|---|
| 16203 NW 82nd Pl | single_family | 3 | 3 | 2,563 | $1,399,000 | — |
| 2523 W 65th St | single_family | 3 | 2 | 1,114 | $530,000 | — |
| 8188 NW 98th Ln Unit 122 | townhomes | 3 | 2 | — | $324,000 | — |
| condos | 3 | 2 | 980 | $314,999 | — | |
| 5941 W 20th Ln | single_family | 3 | 2 | 1,274 | $499,900 | — |
| 14715 Balgowan Rd Unit 104-9 | condos | 3 | 2 | 1,525 | $449,500 | — |
| 5255 W 26th Ct Unit 803 | townhomes | 3 | 3 | 1,030 | $375,000 | — |
| 2745 W 62nd Pl Apt 202 | condos | 3 | 2 | 972 | $260,000 | — |
10-year hold projection
IRR2.2%
Equity multiple1.36x
Total return (10yr)$116,690
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $545,900 | $18,857 | -$15,868 | $419,403 | $126,497 |
| 2 | $562,277 | $19,515 | -$15,260 | $414,490 | $147,787 |
| 3 | $579,145 | $20,195 | -$14,632 | $409,240 | $169,905 |
| 4 | $596,520 | $20,898 | -$13,983 | $403,629 | $192,891 |
| 5 | $614,415 | $21,624 | -$13,311 | $397,633 | $216,782 |
| 6 | $632,848 | $22,375 | -$12,616 | $391,225 | $241,622 |
| 7 | $651,833 | $23,151 | -$11,898 | $384,378 | $267,456 |
| 8 | $671,388 | $23,952 | -$11,155 | $377,060 | $294,329 |
| 9 | $691,530 | $24,781 | -$10,387 | $369,239 | $322,291 |
| 10 | $712,276 | $25,636 | -$9,593 | $360,881 | $351,394 |
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.