9425 NW 114th Ln Unit 3
Hialeah Gardens, FL 33018 · townhomes · For Sale · 12 days on market
Asking price$439,999
2 beds 2 baths 1,188 sqft
Suggested offer$374,290$65,709 above the est. market value of $374,290.
View on Realtor.com →Listed by Jhon Salazar PA · Real Estate Craft, LLC.
Typetownhomes
Built2005
Price / sqft$370
Est. value (own analysis)$374,290
Rent estimate (own analysis)$2,625/mo
HOA$200/mo
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Statusfor_sale
Listed date2026-08-21
Removed date—
MLSMiamiMLS #A12075834
Coordinates25.87757, -80.35241
Address9425 NW 114th Ln Unit 3
CityHialeah Gardens
StateFL
Zip33018
Listing ID6496066396
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)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $439,999 |
| Down payment (20.0%) | $88,000 |
| Loan amount | $351,999 |
| Closing costs (5.0%) | $22,000 |
| Total cash to close | $110,000 |
| Income | |
| Rent (comp-derived) | $2,625$31,500 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,415$28,980 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $697$8,360 |
| Insurance (placeholder 0.8% of price) | $293$3,520 |
| HOA dues | $200$2,400 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $131$1,575 |
| Total operating expenses | $1,321$15,855 |
| 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) | $131$1,575 |
| 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 |
|---|---|---|---|---|---|---|---|
| townhomes | 2 | 2 | 980 | $2,400 | 2026-07-17 | — | |
| townhomes | 2 | 3 | 1,441 | $2,975 | 2026-08-26 | — | |
| townhomes | 2 | 2 | 970 | $2,250 | 2026-07-06 | — | |
| townhomes | 2 | 3 | 1,361 | $2,850 | 2026-07-27 | — |
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 |
|---|---|---|---|---|---|---|
| 3392 W 105th Ter | townhomes | 2 | 3 | 1,441 | $440,000 | 2026-07-24 |
| 3250 W 70th St Unit 202 | townhomes | 2 | 2 | 870 | $278,000 | 2026-03-20 |
| 3304 W 92nd Pl | townhomes | 2 | 3 | 1,441 | $454,000 | 2026-03-16 |
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 |
|---|---|---|---|---|---|---|
| 7785 W 30th Ct Unit F107 | condos | 2 | 2 | 998 | $300,000 | — |
| 7772 W 29th Way Apt 202 | condos | 2 | 2 | 925 | $257,000 | — |
| 3375 W 76th St Apt 145 | condos | 2 | 2 | 990 | $320,610 | — |
| 7699 W 36th Ave Apt 1 | condos | 2 | 3 | 976 | $375,000 | — |
| 8851 NW 119th St Unit 5222 | condos | 2 | 2 | 1,200 | $270,000 | — |
| 7817 W 36th Ave Unit 101 | condos | 2 | 2 | 1,050 | $350,000 | — |
| 11053 W Okeechobee Rd Unit 102 | condos | 2 | 2 | 1,029 | $365,000 | — |
| 7603 W 29th Ln Unit 202-55 | condos | 2 | 2 | 980 | $285,000 | — |
10-year hold projection
IRR0.7%
Equity multiple1.11x
Total return (10yr)$69,226
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $453,199 | $13,125 | -$15,594 | $348,183 | $105,016 |
| 2 | $466,795 | $13,598 | -$15,161 | $344,104 | $122,691 |
| 3 | $480,799 | $14,087 | -$14,712 | $339,746 | $141,053 |
| 4 | $495,223 | $14,593 | -$14,247 | $335,088 | $160,135 |
| 5 | $510,079 | $15,116 | -$13,767 | $330,110 | $179,969 |
| 6 | $525,382 | $15,657 | -$13,269 | $324,790 | $200,591 |
| 7 | $541,143 | $16,217 | -$12,754 | $319,106 | $222,038 |
| 8 | $557,378 | $16,795 | -$12,222 | $313,030 | $244,347 |
| 9 | $574,099 | $17,393 | -$11,670 | $306,538 | $267,561 |
| 10 | $591,322 | $18,012 | -$11,100 | $299,599 | $291,722 |
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.