1305 W 53rd St Apt 406
Hialeah, FL 33012 · condos · For Sale · 58 days on market
Asking price$259,800
2 beds 2 baths 1,123 sqft
Listed by Fernanda Ibarra · Direct Realty Solutions
Typecondos
Built1971
Price / sqft$231
Est. value (own analysis)$275,079
Rent estimate (own analysis)$2,200/mo
HOA$350/mo
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Statusfor_sale
Listed date2026-07-06
Removed date—
MLSMiamiMLS #A12047570
Coordinates25.87045, -80.30901
Address1305 W 53rd St Apt 406
CityHialeah
StateFL
Zip33012
Listing ID6337906314
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33012)
Typical home value (ZHVI)$385,585
Typical rent (ZORI)$2,270/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 | $259,800 |
| Down payment (20.0%) | $51,960 |
| Loan amount | $207,840 |
| Closing costs (5.0%) | $12,990 |
| Total cash to close | $64,950 |
| Income | |
| Rent (comp-derived) | $2,200$26,400 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,024$24,288 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $411$4,936 |
| Insurance (placeholder 0.8% of price) | $173$2,078 |
| HOA dues | $350$4,200 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $110$1,320 |
| Total operating expenses | $1,045$12,535 |
| 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) | $110$1,320 |
| 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 |
|---|---|---|---|---|---|---|---|
| apartment | 2 | 2 | 900 | $1,900 | 2025-03-18 | — | |
| condos | 2 | 2 | 996 | $1,900 | 2026-09-01 | — | |
| condos | 2 | 2 | 996 | $2,100 | 2026-08-26 | — | |
| apartment | 2 | 2 | 840 | $1,850 | 2026-07-14 | — | |
| condos | 2 | 2 | 996 | $1,900 | 2026-08-25 | — | |
| condos | 2 | 2 | 908 | $1,990 | 2026-07-13 | — | |
| apartment | 2 | 2 | 904 | $2,000 | 2026-06-20 | — | |
| condos | 2 | 2 | 890 | $2,100 | 2026-08-24 | — | |
| apartment | 2 | 2 | 996 | $2,000 | 2026-07-06 | — | |
| condos | 2 | 2 | 1,058 | $2,250 | 2026-08-20 | — | |
| apartment | 2 | 2 | 996 | $2,400 | 2026-08-23 | — | |
| condos | 2 | 2 | 996 | $2,000 | 2026-05-13 | — | |
| apartment | 2 | 2 | 799 | $1,875 | 2026-08-18 | — | |
| condos | 2 | 2 | 760 | $1,875 | 2026-06-25 | — | |
| condos | 2 | 1 | 960 | $2,100 | 2026-08-22 | — | |
| apartment | 2 | 1 | 798 | $1,900 | 2026-07-17 | — | |
| condos | 2 | 2 | 760 | $1,900 | 2026-07-21 | — | |
| apartment | 2 | 1 | 750 | $2,200 | 2026-08-20 | — | |
| apartment | 2 | 4 | 840 | $1,850 | 2026-07-14 | — | |
| condos | 2 | 2 | 943 | $2,200 | 2026-08-21 | — | |
| condos | 2 | 2 | 990 | $2,300 | 2026-07-30 | — | |
| condos | 2 | 2 | 943 | $1,975 | 2026-06-09 | — | |
| condos | 2 | 2 | 890 | $1,950 | 2026-06-11 | — | |
| condos | 2 | 2 | 919 | $2,200 | 2026-08-03 | — | |
| condos | 2 | 2 | 1,066 | $2,200 | 2026-07-01 | — | |
| condos | 2 | 2 | 888 | $2,650 | 2026-08-19 | — | |
| condos | 2 | 2 | 760 | $1,900 | 2026-06-11 | — | |
| condos | 2 | 2 | 890 | $2,350 | 2026-07-09 | — | |
| apartment | 2 | 2 | 996 | $1,950 | 2026-07-22 | — | |
| condos | 2 | 2 | 940 | $2,200 | 2026-06-01 | — | |
| condos | 2 | 2 | 915 | $2,100 | 2026-08-12 | — | |
| condos | 2 | 2 | 914 | $2,100 | 2026-05-01 | — | |
| condos | 2 | 2 | 996 | $2,250 | 2026-07-17 | — | |
| condos | 2 | 2 | 977 | $2,500 | 2026-07-25 | — | |
| condos | 2 | 1 | 885 | $2,300 | 2026-05-13 | — | |
| condos | 2 | 1 | 910 | $2,000 | 2026-05-15 | — | |
| condos | 2 | 2 | 996 | $2,150 | 2026-08-05 | — | |
| condos | 2 | 2 | 820 | $2,150 | 2026-07-11 | — | |
| condos | 2 | 2 | 880 | $2,200 | 2026-06-17 | — | |
| condos | 2 | 2 | 996 | $2,100 | 2026-08-13 | — | |
| condos | 2 | 2 | 796 | $2,200 | 2026-06-29 | — | |
| apartment | 2 | 2 | 816 | $2,560 | 2025-09-29 | — | |
| condos | 2 | 2 | 938 | $2,400 | 2026-04-24 | — | |
| condos | 2 | 1 | 885 | $1,950 | 2026-07-19 | — | |
| condos | 2 | 2 | 980 | $2,400 | 2026-07-09 | — | |
| condos | 2 | 1 | 834 | $2,050 | 2026-07-15 | — | |
| condos | 2 | 2 | 950 | $2,599 | 2026-08-13 | — | |
| condos | 2 | 2 | 1,056 | $2,250 | 2026-07-17 | — | |
| apartment | 2 | 2 | 1,006 | $2,200 | 2026-06-29 | — | |
| condos | 2 | 2 | 955 | $2,100 | 2026-06-22 | — | |
| apartment | 2 | 2 | 940 | $2,350 | 2026-06-29 | — | |
| condos | 2 | 2 | 890 | $2,200 | 2026-05-19 | — | |
| condos | 2 | 2 | 950 | $2,400 | 2026-04-10 | — | |
| apartment | 2 | 1 | 850 | $2,400 | 2025-03-02 | — | |
| condos | 2 | 2 | 980 | $2,400 | 2026-07-07 | — | |
| condos | 2 | 2 | 1,060 | $2,150 | 2026-07-27 | — | |
| condos | 2 | 2 | 945 | $2,000 | 2026-07-07 | — | |
| apartment | 2 | 1 | 933 | $2,200 | 2026-05-21 | — | |
| apartment | 2 | 1 | 850 | $2,400 | 2025-09-25 | — | |
| apartment | 2 | 1 | 1,000 | $2,050 | 2026-06-17 | — | |
| condos | 2 | 2 | 890 | $1,900 | 2026-05-27 | — | |
| condos | 2 | 2 | 955 | $2,100 | 2026-08-18 | — | |
| apartment | 2 | 1 | 900 | $2,577 | — | — | |
| apartment | 2 | 2 | 900 | $2,799 | — | — | |
| apartment | 2 | 2 | 915 | $2,799 | — | — | |
| apartment | 2 | 2 | 900 | $2,799 | — | — | |
| apartment | 2 | 2 | 900 | $2,390 | — | — | |
| apartment | 2 | 2 | 905 | $2,819 | — | — | |
| apartment | 2 | 2 | 900 | $2,819 | — | — | |
| apartment | 2 | 2 | 900 | $2,390 | — | — | |
| apartment | 2 | 2 | 915 | $2,619 | — | — | |
| apartment | 2 | 2 | 900 | $2,799 | — | — | |
| apartment | 2 | 2 | 910 | $2,819 | — | — | |
| apartment | 2 | 2 | 900 | $2,799 | — | — | |
| apartment | 2 | 2 | 900 | $2,799 | — | — | |
| apartment | 2 | 2 | 1,105 | $2,820 | — | — | |
| apartment | 2 | 1 | 900 | $2,577 | — | — | |
| apartment | 2 | 2 | 998 | $2,490 | 2025-07-25 | — | |
| apartment | 2 | 2 | 1,105 | $2,820 | — | — | |
| apartment | 2 | 1 | 900 | $2,577 | — | — | |
| apartment | 2 | 1 | 900 | $2,577 | — | — | |
| apartment | 2 | 1 | 900 | $2,577 | — | — | |
| apartment | 2 | 2 | 990 | $2,599 | 2026-08-07 | — | |
| apartment | 2 | 2 | 980 | $2,599 | 2026-06-29 | — | |
| apartment | 2 | 2 | 995 | $2,520 | 2025-09-15 | — | |
| condos | 2 | 2 | 996 | $1,900 | 2026-07-08 | — | |
| condos | 2 | 1 | 731 | $1,700 | 2026-07-08 | — | |
| condos | 2 | 2 | 737 | $1,800 | 2026-08-27 | — | |
| condos | 2 | 1 | 910 | $2,100 | 2026-08-31 | — | |
| apartment | 2 | 2 | 900 | $2,799 | — | — | |
| apartment | 2 | 2 | 900 | $2,799 | — | — | |
| apartment | 2 | 2 | 900 | $2,799 | — | — |
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 |
|---|---|---|---|---|---|---|
| 6175 W 20th Ave Apt 302 | condos | 2 | 2 | 890 | $223,000 | 2026-08-26 |
| 6070 W 18th Ave Apt 306 | condos | 2 | 1 | 820 | $210,000 | 2026-08-21 |
| 1100 W 35th St Apt 4 | condos | 2 | 2 | 977 | $260,000 | 2026-08-18 |
| 199 W 29th St Apt 12 | condos | 2 | 1 | 771 | $185,000 | 2026-07-30 |
| 1174 W 40th St Unit 48 | condos | 2 | 2 | 1,208 | $250,000 | 2026-07-29 |
| 1910 W 56th St Apt 3219 | condos | 2 | 1 | 998 | $220,000 | 2026-07-27 |
| 4670 W 13th Ln Apt 206 | condos | 2 | 2 | 1,126 | $280,000 | 2026-07-27 |
| 6095 W 18th Ave Apt S107 | condos | 2 | 2 | 926 | $255,000 | 2026-07-23 |
| 4191 W 18 Ave Unit 4191 | condos | 2 | 2 | 1,064 | $300,000 | 2026-07-14 |
| 1159 W 40th St Unit 16 | condos | 2 | 2 | 1,208 | $295,000 | 2026-07-10 |
| 1560 W 46th St Unit 117 | condos | 2 | 2 | 940 | $235,000 | 2026-07-10 |
| 1750 W 46th St Apt 503 | condos | 2 | 2 | 1,096 | $210,000 | 2026-07-09 |
| 1279 W 51st Pl Unit B13 | condos | 2 | 2 | 1,019 | $255,000 | 2026-06-24 |
| 6675 W 4th Ave Apt 203 | condos | 2 | 2 | 760 | $202,500 | 2026-06-12 |
| 1990 W 56th St Apt 1203 | condos | 2 | 2 | 1,099 | $225,000 | 2026-05-28 |
| 3800 Palm Ave Apt 217 | condos | 2 | 1 | 871 | $235,000 | 2026-05-21 |
| 1750 W 46th St Apt 404 | condos | 2 | 2 | 1,096 | $260,000 | 2026-05-15 |
| 1350 W 53rd St Apt 24 | condos | 2 | 2 | 1,060 | $230,000 | 2026-05-07 |
| 1281 W 29th St Apt 6 | condos | 2 | 1 | 732 | $205,000 | 2026-04-28 |
| 1950 W 54th St Apt 105 | condos | 2 | 2 | 1,080 | $235,000 | 2026-04-28 |
| 6190 W 19th Ave Apt 205 | condos | 2 | 2 | 980 | $240,000 | 2026-04-17 |
| 1810 W 56th St Apt 3315 | condos | 2 | 2 | 1,099 | $222,000 | 2026-04-17 |
| 1290 W 41st St Apt 203 | condos | 2 | 2 | 888 | $270,000 | 2026-04-08 |
| 6195 W 18th Ave Apt G101 | condos | 2 | 2 | 938 | $287,000 | 2026-03-16 |
| 1480 W 46th St Apt 203 | condos | 2 | 2 | 1,000 | $245,000 | 2026-02-27 |
| 1825 W 44th Pl Apt 1111 | condos | 2 | 2 | 978 | $166,000 | 2026-02-27 |
| 1095 W 40th St Unit 26 | condos | 2 | 2 | 1,208 | $270,000 | 2026-02-25 |
| 6195 W 18th Ave Apt G125 | condos | 2 | 2 | 938 | $230,000 | 2026-02-25 |
| 1350 W 53rd St Apt 33 | condos | 2 | 2 | 1,060 | $240,000 | 2026-02-25 |
| 1850 W 56th St Apt 2207 | condos | 2 | 1 | 998 | $215,000 | 2026-02-20 |
| 3639 W 11th Ave Unit 10 | condos | 2 | 2 | 1,015 | $355,000 | 2026-02-05 |
| 6215 W 20th Ave Apt 415 | condos | 2 | 2 | 819 | $215,000 | 2026-01-30 |
| 4525 W 20th Ave Unit 118 | condos | 2 | 2 | 1,033 | $260,000 | 2026-01-28 |
| 6125 W 20th Ave Apt 314 | condos | 2 | 2 | 900 | $200,000 | 2026-01-26 |
| 5625 W 17th Ave Unit 701 | condos | 2 | 2 | 1,000 | $290,000 | 2026-01-05 |
| 1305 W 46th St Apt 125 | condos | 2 | 1 | 732 | $239,000 | 2026-01-05 |
| 4670 W 13th Ln Apt 411 | condos | 2 | 2 | 1,126 | $176,200 | 2025-12-26 |
| 6190 W 19th Ave Apt 202 | condos | 2 | 2 | 980 | $220,000 | 2025-12-23 |
| 1810 W 56th St Apt 3121 | condos | 2 | 1 | 998 | $220,000 | 2025-12-16 |
| 1810 W 56th St Apt 3127 | condos | 2 | 1 | 998 | $199,900 | 2025-12-15 |
| 1890 W 56th St Apt 1307 | condos | 2 | 1 | 998 | $245,000 | 2025-12-02 |
| 5705 W 20th Ave Apt 115 | condos | 2 | 2 | 996 | $259,000 | 2025-11-24 |
| 6780 W 2nd Ct Apt 411 | condos | 2 | 2 | 943 | $207,500 | 2025-11-21 |
| 1990 W 56th St Apt 1407 | condos | 2 | 1 | 998 | $225,000 | 2025-11-21 |
| 1281 W 29th St Apt 19 | condos | 2 | 1 | 732 | $205,000 | 2025-11-20 |
| 1281 W 29th St Apt 8 | condos | 2 | 1 | 732 | $208,000 | 2025-11-19 |
| 1950 W 56th St Unit 2311B | condos | 2 | 1 | 998 | $190,000 | 2025-11-17 |
| 1950 W 54th St Apt 222 | condos | 2 | 2 | 1,080 | $239,900 | 2025-11-05 |
| 1820 W 53rd St Apt 201 | condos | 2 | 2 | 800 | $235,000 | 2025-10-31 |
| 6600 W 2nd Ct Apt B21 | condos | 2 | 3 | 1,232 | $255,000 | 2025-10-27 |
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 |
|---|---|---|---|---|---|---|
| 291 W 47th St | single_family | 2 | 1 | 1,406 | $600,000 | — |
| 1725 W 60th St Apt F202 | condos | 2 | 2 | 926 | $225,000 | — |
| 6125 W 20th Ave Apt 302 | condos | 2 | 2 | 900 | $245,000 | — |
| 1820 W 53rd St Apt 518 | condos | 2 | 2 | 796 | $245,000 | — |
| 1825 W 44th Pl Apt 401 | condos | 2 | 2 | 978 | $250,000 | — |
| 4198 W 10th Ave | single_family | 2 | 2 | 1,298 | $450,000 | — |
| condos | 2 | 1 | 802 | $199,900 | — | |
| 1230 W 54th St Apt 329A | condos | 2 | 2 | 915 | $255,000 | — |
10-year hold projection
IRR4.7%
Equity multiple1.76x
Total return (10yr)$83,230
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $267,594 | $11,753 | -$5,594 | $205,586 | $62,008 |
| 2 | $275,622 | $12,169 | -$5,212 | $203,178 | $72,444 |
| 3 | $283,890 | $12,598 | -$4,817 | $200,605 | $83,286 |
| 4 | $292,407 | $13,042 | -$4,407 | $197,854 | $94,553 |
| 5 | $301,179 | $13,501 | -$3,984 | $194,915 | $106,264 |
| 6 | $310,215 | $13,975 | -$3,546 | $191,774 | $118,441 |
| 7 | $319,521 | $14,465 | -$3,094 | $188,417 | $131,104 |
| 8 | $329,107 | $14,971 | -$2,625 | $184,830 | $144,277 |
| 9 | $338,980 | $15,495 | -$2,141 | $180,996 | $157,984 |
| 10 | $349,149 | $16,036 | -$1,640 | $176,899 | $172,250 |
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.