7581 W 29th Way

Hialeah, FL 33018 · single_family · For Sale · 55 days on market
Asking price$479,900
3 beds 2 baths 1,233 sqft
View on Realtor.com →
Listed by Alberto Vasquez · Keller Williams Realty Partners SW
Typesingle_family
Built1989
Price / sqft$389
Est. value (own analysis)$483,607
Rent estimate (own analysis)$3,300/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeAir2/10MinorFlood1/10minimal$Wildfire1/10Minimal
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Neighborhood

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Statusfor_sale
Listed date2026-07-09
Removed date
MLSMiamiMLS #A12043755
Coordinates25.89125, -80.34252
Address7581 W 29th Way
CityHialeah
StateFL
Zip33018
Listing ID6266112665
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$479,900
Down payment (20.0%)$95,980
Loan amount$383,920
Closing costs (5.0%)$23,995
Total cash to close$119,975
Rent (comp-derived)$3,300$39,600
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$39,600
Vacancy rate (assumption) assumption8.0%

$39,600 × 8.0% = $3,168

Effective gross income$3,036$36,432
Property tax (placeholder 1.9% of price)$760$9,118
Insurance (est. scaled by flood & wind risk)$480$5,759
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$165$1,980
Total operating expenses$1,405$16,857
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$36,432
Total operating expenses derived$16,857

$36,432 − $16,857 = $19,575

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$383,920
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$383,920 amortized at 6.7% over 30 years = $2,467/mo

CapEx reserve (5.0% of GSR)$165$1,980
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$19,575
Annual debt service derived$29,606
Annual CapEx reserve assumption$1,980
Annual PMI assumption$0

($19,575 − $29,606 − $1,980 − $0) ÷ 12 = -$1,001

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$19,575
Purchase price data$479,900

$19,575 ÷ $479,900 = 4.1%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$12,011
Total cash to close derived$119,975

-$12,011 ÷ $119,975 = -10.0%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$19,575
Annual debt service derived$29,606

$19,575 ÷ $29,606 = 0.66

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$39,600
Purchase price data$479,900

($39,600 ÷ 12) ÷ $479,900 = 0.7%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$479,900
Gross scheduled rent (annual) comp$39,600

$479,900 ÷ $39,600 = 12.1

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$16,857
Effective gross income derived$36,432

$16,857 ÷ $36,432 = 46.3%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$16,857
Annual debt service derived$29,606
Annual PMI assumption$0
Gross scheduled rent (annual) comp$39,600

($16,857 + $29,606 + $0) ÷ $39,600 = 117.3%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family321,378$3,299
single_family321,553$3,240
single_family321,412$3,295
single_family321,308$3,2002026-08-18
single_family321,453$3,3502026-08-26
single_family321,367$3,3002026-08-23
single_family321,628$3,950
single_family321,130$3,5002026-08-12
single_family321,340$3,5002026-08-12
single_family321,410$3,4002026-08-11
single_family321,632$4,2002026-07-03
single_family321,170$3,2002026-08-20
single_family331,412$3,2002026-06-12
single_family321,450$3,400
single_family331,650$3,000
single_family321,200$3,500
single_family331,545$3,000
single_family331,650$3,150
single_family321,523$4,150
single_family321,150$2,850
single_family321,090$3,200
single_family331,644$3,300
single_family331,583$3,400
single_family321,184$3,100
single_family331,540$3,100
single_family331,540$3,500
single_family331,650$3,400

10088 NW 126th Ter

Hialeah Gardens, 33018 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,378
Listed
Days on market

Asking rent: $3,299

View on Zillow →

9775 NW 126th Ter

Hialeah, 33018 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,553
Listed
Days on market

Asking rent: $3,240

View on Zillow →

10215 NW 126th St

Hialeah, 33018 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,412
Listed
Days on market

Asking rent: $3,295

View on Zillow →

9999 NW 126th Ter Unit House

Hialeah Gardens, 33018 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,308
Listed2026-08-18
Days on market

Asking rent: $3,200

View on Zillow →

7531 W 29th Way Unit 7531

Hialeah, 33018 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,453
Listed2026-08-26
Days on market

Asking rent: $3,350

View on Zillow →

10212 NW 129th St

Hialeah Gardens, 33018 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,367
Listed2026-08-23
Days on market

Asking rent: $3,300

View on Zillow →

19181 NW 89th Ave # 1

Hialeah, 33018 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,628
Listed
Days on market

Asking rent: $3,950

View on Zillow →

8830 NW 115th St Unit 0

Hialeah Gardens, 33018 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,130
Listed2026-08-12
Days on market

Asking rent: $3,500

View on Zillow →

10157 NW 129th Ter Unit 0

Hialeah Gardens, 33018 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,340
Listed2026-08-12
Days on market

Asking rent: $3,500

View on Zillow →

7256 W 34th Ln Unit 7256

Hialeah, 33018 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,410
Listed2026-08-11
Days on market

Asking rent: $3,400

View on Zillow →

16307 NW 91st Ave

Miami Lakes, 33018 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,632
Listed2026-07-03
Days on market

Asking rent: $4,200

View on Zillow →

7001 W 35th Ave Unit 175

Hialeah, 33018 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,170
Listed2026-08-20
Days on market

Asking rent: $3,200

View on Zillow →

3216 W 114th Ter

Hialeah, 33018 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,412
Listed2026-06-12
Days on market

Asking rent: $3,200

View on Zillow →

7117 W 30th Ln

Hialeah, 33018 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,450
Listed
Days on market

Asking rent: $3,400

View on Zillow →

3290 W 114th Ter

Hialeah, 33018 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,650
Listed
Days on market

Asking rent: $3,000

View on Zillow →

8945 NW 114th St

Hialeah, 33018 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,200
Listed
Days on market

Asking rent: $3,500

View on Zillow →

8987 W 35th Ave # 8987

Hialeah, 33018 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,545
Listed
Days on market

Asking rent: $3,000

View on Zillow →

3349 W 105th Ter # 3349

Hialeah, 33018 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,650
Listed
Days on market

Asking rent: $3,150

View on Zillow →

9117 NW 169th St

Miami Lakes, 33018 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,523
Listed
Days on market

Asking rent: $4,150

View on Zillow →

7738 W 34th Ln # 15-201

Hialeah, 33018 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,150
Listed
Days on market

Asking rent: $2,850

View on Zillow →

9173 NW 120th Ter

Hialeah Gardens, 33018 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,090
Listed
Days on market

Asking rent: $3,200

View on Zillow →

10323 W 34th Ln # 10323

Hialeah, 33018 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,644
Listed
Days on market

Asking rent: $3,300

View on Zillow →

10034 W 32nd Ln

Hialeah, 33018 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,583
Listed
Days on market

Asking rent: $3,400

View on Zillow →

11416 NW 93rd Ct

Hialeah, 33018 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,184
Listed
Days on market

Asking rent: $3,100

View on Zillow →

11379 W 34th Way

Hialeah, 33018 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,540
Listed
Days on market

Asking rent: $3,100

View on Zillow →

10908 W 32nd Ln

Hialeah, 33018 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,540
Listed
Days on market

Asking rent: $3,500

View on Zillow →

9073 W 33rd Ave

Hialeah, 33018 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,650
Listed
Days on market

Asking rent: $3,400

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
8967 NW 146th Tersingle_family321,889$685,0002026-09-01
15488 NW 91st Ctsingle_family331,743$570,0002026-09-01
8871 NW 114th Stsingle_family321,130$470,0002026-08-31
8727 NW 150th Tersingle_family321,721$680,0002026-08-31
8805 NW 114th Tersingle_family321,130$489,9002026-08-24
7898 W 34th Ctsingle_family321,425$570,0002026-08-21
7232 W 29th Waysingle_family321,319$530,0002026-08-20
11530 NW 87th Ctsingle_family321,130$497,0002026-08-19
7411 W 33rd Avesingle_family331,605$579,0002026-08-18
7256 W 34th Lnsingle_family321,410$530,0002026-08-14
7462 W 29th Waysingle_family321,295$545,0002026-08-13
8889 NW 115th Stsingle_family321,380$599,9002026-08-11
2834 W 75th Tersingle_family321,170$555,0002026-08-06
3281 W 70th Stsingle_family321,384$567,9002026-08-05
9002 NW 113th Stsingle_family32936$450,0002026-07-31
19291 NW 90th Ctsingle_family32958$540,0002026-07-31
16051 NW 87th Ctsingle_family332,228$1,000,0002026-07-31
8892 NW 167th Stsingle_family321,888$780,0002026-07-30
8883 NW 176th Stsingle_family321,963$790,0002026-07-28
8757 NW 139th Tersingle_family321,568$720,0002026-07-24
8800 NW 118th Stsingle_family321,118$475,0002026-07-24
3254 W 78th Stsingle_family331,545$546,0002026-07-22
15153 NW 89th Plsingle_family321,695$723,0002026-07-20
7231 W 29th Waysingle_family321,319$490,0002026-07-09
3323 W 96th Plsingle_family322,025$663,0002026-06-26
3518 W 86th Tersingle_family321,920$650,0002026-06-26
9058 NW 192nd Tersingle_family32958$525,0002026-06-22
9778 NW 128th Lnsingle_family321,715$554,0002026-06-22
7503 W 34th Lnsingle_family321,598$565,0002026-06-21
9154 NW 147th Tersingle_family321,889$665,0002026-06-11
9909 W 32nd Lnsingle_family322,025$670,0002026-06-03
7185 W 30th Lnsingle_family321,451$580,0002026-06-01
8865 NW 110th Stsingle_family321,402$550,5002026-05-28
9881 W 34th Avesingle_family332,291$660,0002026-05-27
11649 NW 91st Avesingle_family321,144$530,0002026-05-26
8798 NW 111th Tersingle_family321,349$525,0002026-05-19
3407 W 99th Plsingle_family322,025$675,0002026-05-19
7456 W 34th Ctsingle_family321,350$395,0002026-05-15
8852 NW 147th Lnsingle_family322,160$705,0002026-05-15
19230 NW 87th Plsingle_family332,608$1,125,0002026-05-13
9023 NW 148th Tersingle_family321,889$690,0002026-05-12
8864 NW 189th Tersingle_family321,756$680,0002026-05-06
14426 NW 88th Avesingle_family321,913$690,0002026-05-04
11465 NW 88th Ctsingle_family321,130$496,0002026-04-27
8781 NW 148th Tersingle_family322,171$720,0002026-04-22
3465 W 110th Tersingle_family331,848$670,0002026-04-20
3338 W 97th Tersingle_family332,486$715,0002026-04-15
19211 NW 88th Ctsingle_family321,756$730,0002026-04-14
8943 NW 174th Stsingle_family321,876$735,0002026-04-13
3289 W 70th Stsingle_family321,416$549,9002026-04-10

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
9018 NW 120th St Unit 133condo_townhome_rowhome_coop321,270$427,900
8724 NW 149th Tersingle_family321,676$720,000
15842 NW 91 Ct Unit 15842townhomes331,692$575,000
9733 NW 126th Tersingle_family321,550$575,000
19641 NW 88th Avesingle_family321,957$814,900
10364 NW 128th Tersingle_family321,398$599,000
7001 W 35th Ave Unit 273condos321,170$439,000
19181 NW 89th Avesingle_family321,628$679,000

10-year hold projection

IRR3.6%
Equity multiple1.58x
Total return (10yr)$132,751
YearProperty valueNOICash flowLoan balanceEquity
1$494,297$19,575-$12,011$379,758$114,539
2$509,126$20,247-$11,389$375,309$133,817
3$524,400$20,940-$10,746$370,555$153,844
4$540,132$21,657-$10,081$365,475$174,657
5$556,336$22,398-$9,394$360,046$196,290
6$573,026$23,163-$8,684$354,244$218,782
7$590,216$23,953-$7,949$348,044$242,173
8$607,923$24,769-$7,190$341,417$266,506
9$626,161$25,612-$6,406$334,336$291,824
10$644,945$26,484-$5,595$326,769$318,177
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.