Hialeah, FL 33016 · condos · For Sale · 9 days on market
Asking price$314,999
3 beds 2 baths 980 sqft
Suggested offer$257,250$57,749 above the est. market value of $257,250.
View on Realtor.com →Listed by DORA INDIVIGLIA · Dora & Assoc R.E. Llc
Typecondos
Built1984
Price / sqft$321
Est. value (own analysis)$257,250
Rent estimate (own analysis)$2,550/mo
HOA$333/mo
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Statusfor_sale
Listed date2026-08-24
Removed date—
MLSMiamiMLS #A12076836
Coordinates25.88137, -80.33739
Address
CityHialeah
StateFL
Zip33016
Listing ID6490714500
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 | $314,999 |
| Down payment (20.0%) | $63,000 |
| Loan amount | $251,999 |
| Closing costs (5.0%) | $15,750 |
| Total cash to close | $78,750 |
| Income | |
| Rent (comp-derived) | $2,550$30,600 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,346$28,152 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $499$5,985 |
| Insurance (placeholder 0.8% of price) | $210$2,520 |
| HOA dues | $333$3,996 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $128$1,530 |
| Total operating expenses | $1,169$14,031 |
| 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) | $128$1,530 |
| 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 | 2 | 972 | $2,500 | 2026-08-18 | — | |
| condos | 3 | 2 | 847 | $2,700 | 2026-07-16 | — | |
| condos | 3 | 2 | 972 | $2,500 | 2026-08-25 | — | |
| condos | 3 | 2 | 980 | $2,395 | 2026-08-26 | — | |
| condos | 3 | 2 | 980 | $2,395 | 2026-08-26 | — | |
| condos | 3 | 2 | 980 | $2,500 | 2026-08-19 | — | |
| condos | 3 | 2 | 847 | $3,100 | 2026-08-26 | — | |
| apartment | 3 | 2 | 847 | $2,285 | 2026-08-26 | — | |
| apartment | 3 | 2 | 847 | $2,285 | 2026-08-19 | — | |
| apartment | 3 | 3 | 972 | $2,700 | 2026-08-14 | — | |
| condos | 3 | 2 | 972 | $2,600 | 2026-08-22 | — | |
| condos | 3 | 2 | 972 | $2,650 | 2026-08-13 | — | |
| apartment | 3 | 2 | 1,280 | $2,550 | 2026-08-12 | — | |
| condos | 3 | 2 | 980 | $2,500 | 2026-07-22 | — | |
| condos | 3 | 2 | 1,280 | $2,800 | 2026-07-18 | — | |
| condos | 3 | 2 | 936 | $2,550 | 2026-05-06 | — | |
| condos | 3 | 2 | 1,190 | $3,000 | — | — | |
| condos | 3 | 2 | 1,190 | $2,900 | — | — |
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 |
|---|---|---|---|---|---|---|
| 8186 NW 98th Ter Unit 132 | condos | 3 | 2 | 1,171 | $270,000 | 2026-07-30 |
| 5790 W 26th Ave Unit 202 | condos | 3 | 3 | 1,173 | $302,000 | 2026-07-24 |
| 5227 W 24th Way Unit 2A | condos | 3 | 2 | 1,030 | $235,000 | 2026-07-15 |
| 9915 W Okeechobee Rd Unit 2-403 | condos | 3 | 2 | 1,190 | $300,000 | 2026-07-15 |
| 6640 W 24th Ct Unit 25-106 | condos | 3 | 3 | 1,303 | $375,000 | 2026-06-26 |
| 10090 NW 80th Ct Apt 1553 | condos | 3 | 2 | 1,280 | $277,000 | 2026-06-01 |
| 6041 W 24th Ave Unit B202 | condos | 3 | 2 | 1,165 | $300,000 | 2026-04-29 |
| 2740 W 62nd Pl Apt 202 | condos | 3 | 2 | 972 | $260,000 | 2026-01-01 |
| 6575 W 27th Ct Unit 11-46 | condos | 3 | 2 | 980 | $270,000 | 2025-12-20 |
| 2760 W 61st Pl Apt 202 | condos | 3 | 2 | 972 | $250,000 | 2025-11-06 |
| 14621 Balgowan Rd Unit 103-3 | condos | 3 | 2 | 1,525 | $510,000 | 2025-10-27 |
| 14001 NW 84th Ct Apt 3402 | condos | 3 | 3 | 1,351 | $480,000 | 2025-10-17 |
| 6330 W 24th Ct Unit 106-3 | condos | 3 | 3 | 1,176 | $320,000 | 2025-10-06 |
| 6060 W 21st Ct Apt 103 | condos | 3 | 2 | 1,081 | $290,000 | 2025-09-30 |
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 | — |
| 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 | — |
| 6983 W 24th Ln | single_family | 3 | 2 | 1,414 | $530,000 | — |
| 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
IRR4.7%
Equity multiple1.75x
Total return (10yr)$99,913
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $324,449 | $14,121 | -$6,842 | $249,267 | $75,182 |
| 2 | $334,182 | $14,615 | -$6,386 | $246,347 | $87,835 |
| 3 | $344,208 | $15,125 | -$5,915 | $243,227 | $100,981 |
| 4 | $354,534 | $15,653 | -$5,428 | $239,892 | $114,642 |
| 5 | $365,170 | $16,198 | -$4,924 | $236,329 | $128,841 |
| 6 | $376,125 | $16,761 | -$4,403 | $232,521 | $143,605 |
| 7 | $387,409 | $17,343 | -$3,864 | $228,451 | $158,958 |
| 8 | $399,031 | $17,945 | -$3,307 | $224,101 | $174,930 |
| 9 | $411,002 | $18,567 | -$2,730 | $219,454 | $191,549 |
| 10 | $423,332 | $19,209 | -$2,134 | $214,486 | $208,846 |
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.