8851 NW 119th St Unit 6102
Hialeah Gardens, FL 33018 · condos · For Sale · 211 days on market
Asking price$299,000
3 beds 2 baths 1,380 sqft
Listed by George Jimenez · J&Co. Commercial Real Estate, Inc.
Typecondos
Built1995
Price / sqft$217
Est. value (Zillow ZIP avg)$530,396
Rent estimate (own analysis)$3,200/mo
HOA$230/mo
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Statusfor_sale
Listed date2026-02-03
Removed date—
MLSMiamiMLS #A11958072
Coordinates25.88250, -80.34231
Address8851 NW 119th St Unit 6102
CityHialeah Gardens
StateFL
Zip33018
Listing ID6530566314
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 | $299,000 |
| Down payment (20.0%) | $59,800 |
| Loan amount | $239,200 |
| Closing costs (5.0%) | $14,950 |
| Total cash to close | $74,750 |
| Income | |
| Rent (comp-derived) | $3,200$38,400 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,944$35,328 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $473$5,681 |
| Insurance (placeholder 0.8% of price) | $199$2,392 |
| HOA dues | $230$2,760 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $160$1,920 |
| Total operating expenses | $1,063$12,753 |
| 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) | $160$1,920 |
| 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 | 1,200 | $3,000 | 2026-04-29 | — | |
| condos | 3 | 3 | 1,545 | $2,900 | 2026-04-15 | — | |
| apartment | 3 | 2 | 1,189 | $2,677 | 2026-07-30 | — | |
| condos | 3 | 2 | 1,300 | $2,800 | 2026-07-25 | — | |
| condos | 3 | 3 | 1,668 | $3,300 | 2026-08-22 | — | |
| condos | 3 | 2 | 1,079 | $2,625 | 2026-06-10 | — | |
| condos | 3 | 2 | 1,150 | $2,500 | 2026-05-11 | — | |
| condos | 3 | 3 | 1,545 | $2,990 | 2026-06-20 | — | |
| condos | 3 | 2 | 1,180 | $2,750 | 2026-05-28 | — | |
| condos | 3 | 3 | 1,412 | $3,300 | 2026-08-10 | — | |
| condos | 3 | 3 | 1,650 | $3,200 | 2026-08-11 | — | |
| condos | 3 | 2 | 1,230 | $2,700 | 2026-08-13 | — | |
| condos | 3 | 3 | 1,361 | $2,900 | 2026-07-24 | — | |
| condos | 3 | 3 | 1,650 | $4,000 | 2026-06-01 | — | |
| condos | 3 | 3 | 1,545 | $3,350 | 2026-07-01 | — | |
| condos | 3 | 3 | 1,668 | $3,200 | 2026-05-22 | — | |
| apartment | 3 | 2 | 1,336 | $3,310 | — | — | |
| apartment | 3 | 2 | 1,298 | $4,107 | — | — | |
| apartment | 3 | 2 | 1,389 | $3,250 | — | — | |
| apartment | 3 | 2 | 1,336 | $3,302 | — | — | |
| apartment | 3 | 2 | 1,611 | $3,750 | — | — | |
| apartment | 3 | 2 | 1,611 | $3,750 | — | — |
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.
No recent recorded sales cached yet for this ZIP.
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 |
|---|---|---|---|---|---|---|
| 9018 NW 120th St Unit 133 | condo_townhome_rowhome_coop | 3 | 2 | 1,270 | $427,900 | — |
| 8724 NW 149th Ter | single_family | 3 | 2 | 1,676 | $720,000 | — |
| 15842 NW 91 Ct Unit 15842 | townhomes | 3 | 3 | 1,692 | $575,000 | — |
| 9733 NW 126th Ter | single_family | 3 | 2 | 1,550 | $575,000 | — |
| 19641 NW 88th Ave | single_family | 3 | 2 | 1,957 | $814,900 | — |
| 10364 NW 128th Ter | single_family | 3 | 2 | 1,398 | $599,000 | — |
| 7001 W 35th Ave Unit 273 | condos | 3 | 2 | 1,170 | $439,000 | — |
| 19181 NW 89th Ave | single_family | 3 | 2 | 1,628 | $679,000 | — |
10-year hold projection
IRR13.5%
Equity multiple3.08x
Total return (10yr)$194,588
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $307,970 | $22,575 | $2,209 | $236,607 | $71,363 |
| 2 | $317,209 | $23,316 | $2,902 | $233,835 | $83,374 |
| 3 | $326,725 | $24,081 | $3,618 | $230,873 | $95,852 |
| 4 | $336,527 | $24,870 | $4,357 | $227,708 | $108,819 |
| 5 | $346,623 | $25,685 | $5,120 | $224,325 | $122,297 |
| 6 | $357,022 | $26,526 | $5,908 | $220,711 | $136,311 |
| 7 | $367,732 | $27,394 | $6,721 | $216,848 | $150,885 |
| 8 | $378,764 | $28,290 | $7,561 | $212,719 | $166,045 |
| 9 | $390,127 | $29,214 | $8,429 | $208,307 | $181,820 |
| 10 | $401,831 | $30,168 | $9,325 | $203,592 | $198,239 |
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.