1820 W 53rd St Apt 204
Hialeah, FL 33012 · condos · Pending — under contract · 33 days on market
Asking price$275,000
3 beds 2 baths 994 sqft
Suggested offer$219,455$55,545 above the est. market value of $219,455.
View on Realtor.com →Listed by Joel Freis PA · COMPASS
Typecondos
Built1985
Price / sqft$277
Est. value (own analysis)$219,455
Rent estimate (own analysis)$2,899/mo
HOA$455/mo
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Statusfor_sale
Listed date2026-07-31
Removed date—
MLSMiamiMLS #A12062837
Coordinates25.87021, -80.31967
Address1820 W 53rd St Apt 204
CityHialeah
StateFL
Zip33012
Listing ID6406847632
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 | $275,000 |
| Down payment (20.0%) | $55,000 |
| Loan amount | $220,000 |
| Closing costs (5.0%) | $13,750 |
| Total cash to close | $68,750 |
| Income | |
| Rent (comp-derived) | $2,899$34,788 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,667$32,005 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $435$5,225 |
| Insurance (placeholder 0.8% of price) | $183$2,200 |
| HOA dues | $455$5,460 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $145$1,739 |
| Total operating expenses | $1,219$14,624 |
| 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) | $145$1,739 |
| 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 |
|---|---|---|---|---|---|---|---|
| condos | 3 | 1 | 798 | $2,300 | 2026-05-21 | — | |
| apartment | 3 | 2 | 1,203 | $2,550 | 2026-07-30 | — | |
| condos | 3 | 1 | 798 | $2,300 | 2026-08-13 | — | |
| apartment | 3 | 2 | 1,075 | $2,850 | 2026-07-13 | — | |
| apartment | 3 | 2 | 1,200 | $2,600 | — | — | |
| apartment | 3 | 2 | 1,120 | $2,799 | — | — | |
| apartment | 3 | 2 | 1,120 | $2,799 | — | — | |
| apartment | 3 | 2 | 1,120 | $2,799 | — | — | |
| apartment | 3 | 2 | 1,120 | $3,499 | — | — | |
| apartment | 3 | 2 | 1,120 | $3,499 | — | — | |
| apartment | 3 | 2 | 1,120 | $3,519 | — | — | |
| apartment | 3 | 2 | 1,120 | $3,499 | — | — | |
| apartment | 3 | 2 | 1,290 | $2,899 | 2026-08-07 | — | |
| apartment | 3 | 2 | 1,250 | $2,899 | 2026-06-29 | — | |
| apartment | 3 | 2 | 1,120 | $3,499 | — | — | |
| apartment | 3 | 2 | 1,120 | $3,499 | — | — | |
| apartment | 3 | 2 | 1,120 | $3,499 | — | — |
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 |
|---|---|---|---|---|---|---|
| 1890 W 56th St Apt 1411 | condos | 3 | 2 | 1,309 | $290,000 | 2026-04-24 |
| 1750 W 46th St Apt 537 | condos | 3 | 2 | 1,335 | $210,000 | 2026-03-06 |
| 4490 W 19th Ct Unit 217 | condos | 3 | 2 | 1,288 | $285,000 | 2026-03-03 |
| 1620 W 57th Ter | condo_townhome_rowhome_coop | 3 | 2 | 1,416 | $425,000 | 2026-02-26 |
| 1760 W 60th St Apt 1 | condos | 3 | 2 | 1,218 | $280,000 | 2025-12-18 |
| 5503635156 | condos | 3 | 2 | 1,255 | $230,000 | 2025-12-08 |
| 1481 W 41st St Apt 115 | condos | 3 | 2 | 1,064 | $255,000 | 2025-10-28 |
| 5775 W 20th Ave Apt 107 | condos | 3 | 2 | 1,203 | $265,000 | 2025-09-26 |
| 4102 W 10th Ln Unit 28 | condos | 3 | 2 | 1,304 | $260,000 | 2025-09-11 |
| 1480 W 46th St Apt 307 | condos | 3 | 2 | 1,140 | $250,000 | 2025-09-02 |
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 |
|---|---|---|---|---|---|---|
| 4210 W 10th Ct | single_family | 3 | 2 | 1,440 | $485,000 | — |
| 4349 W 10th Ave | single_family | 3 | 2 | 1,298 | $499,900 | — |
| 5665 W 20th Ave Apt 415 | condos | 3 | 2 | 1,203 | $280,000 | — |
| 3205 W 16th Ave | mobile | 3 | 2 | 918 | $245,000 | — |
| 1014 W 66th St | single_family | 3 | 2 | 1,538 | $670,000 | — |
| 1092 W 32nd St | single_family | 3 | 3 | 1,388 | $695,000 | — |
| 3930 W 2nd Ave | single_family | 3 | 2 | 1,541 | $680,000 | — |
| 739 W 30th St | single_family | 3 | 2 | — | $559,000 | — |
10-year hold projection
IRR9.8%
Equity multiple2.53x
Total return (10yr)$141,245
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $283,250 | $17,381 | -$1,324 | $217,615 | $65,635 |
| 2 | $291,748 | $17,975 | -$773 | $215,066 | $76,682 |
| 3 | $300,500 | $18,589 | -$204 | $212,341 | $88,158 |
| 4 | $309,515 | $19,224 | $385 | $209,430 | $100,085 |
| 5 | $318,800 | $19,879 | $994 | $206,319 | $112,481 |
| 6 | $328,364 | $20,556 | $1,623 | $202,994 | $125,370 |
| 7 | $338,215 | $21,256 | $2,273 | $199,441 | $138,774 |
| 8 | $348,362 | $21,978 | $2,945 | $195,644 | $152,718 |
| 9 | $358,813 | $22,725 | $3,640 | $191,586 | $167,226 |
| 10 | $369,577 | $23,495 | $4,358 | $187,250 | $182,327 |
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.