8188 NW 98th Ln Unit 122
Hialeah Gardens, FL 33016 · townhomes · Pending — under contract · 63 days on market
Asking price$324,000
3 beds 2 baths — sqft
Listed by Angelica Cardonne · United Realty Group Inc.
Typetownhomes
Built1981
Price / sqft—
Est. value (own analysis)$475,000
Rent estimate (own analysis)$3,100/mo
HOA$160/mo
Wind10/10Extreme$Flood9/10extreme$Heat9/10ExtremeAir2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-07-01
Removed date—
MLSMiamiMLS #A12046344
Coordinates25.86307, -80.33052
Address8188 NW 98th Ln Unit 122
CityHialeah Gardens
StateFL
Zip33016
Listing ID6544578308
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 | $324,000 |
| Down payment (20.0%) | $64,800 |
| Loan amount | $259,200 |
| Closing costs (5.0%) | $16,200 |
| Total cash to close | $81,000 |
| Income | |
| Rent (comp-derived) | $3,100$37,200 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,852$34,224 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $513$6,156 |
| Insurance (est. scaled by flood & wind risk) | $475$5,702 |
| HOA dues | $160$1,920 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $155$1,860 |
| Total operating expenses | $1,303$15,638 |
| 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) | $155$1,860 |
| 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 | 3 | 3 | 1,340 | $2,400 | 2026-07-09 | — | |
| townhomes | 3 | 3 | 1,450 | $3,100 | 2026-07-22 | — | |
| townhomes | 3 | 2 | 1,150 | $2,500 | 2026-08-12 | — | |
| townhomes | 3 | 3 | 1,459 | $3,500 | 2026-07-17 | — | |
| townhomes | 3 | 2 | 1,121 | $3,200 | 2026-08-28 | — |
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 |
|---|---|---|---|---|---|---|
| 5256 W 24th Ave Unit 5-3 | townhomes | 3 | 2 | 1,150 | $272,500 | 2026-06-16 |
| 2425 W 76th St Apt 109 | townhomes | 3 | 2 | 1,270 | $375,000 | 2026-06-16 |
| 14231 NW 83rd Ave | townhomes | 3 | 2 | 1,131 | $513,500 | 2026-06-12 |
| 15074 Rednock Ln | townhomes | 3 | 2 | 1,569 | $500,000 | 2026-06-11 |
| 8338 NW 145th St | townhomes | 3 | 3 | 2,015 | $535,000 | 2026-06-05 |
| 8511 Ardoch Rd | townhomes | 3 | 2 | 1,483 | $520,000 | 2026-05-12 |
| 6080 W 26th Ct Unit 101-9 | townhomes | 3 | 3 | 1,828 | $382,500 | 2026-04-27 |
| 6410 W 27th Ln Unit 101-19 | townhomes | 3 | 3 | 1,478 | $350,000 | 2026-04-24 |
| 8531 NW 139th Ter Apt 1409 | townhomes | 3 | 3 | 1,450 | $480,000 | 2026-04-23 |
| 14621 Balgowan Rd Unit 102-3 | townhomes | 3 | 2 | 1,525 | $475,000 | 2026-04-13 |
| 8544 NW 140th Ter Apt 1003 | townhomes | 3 | 3 | 1,351 | $485,000 | 2026-04-02 |
| 8423 NW 138th Ter Apt 2804 | townhomes | 3 | 3 | 1,459 | $440,000 | 2026-04-01 |
| 7211 W 24th Ave Apt 2304 | townhomes | 3 | 2 | 1,440 | $362,500 | 2026-03-30 |
| 14251 NW 83rd Ave | townhomes | 3 | 3 | 2,015 | $550,000 | 2026-03-19 |
| 5816 W 21st Ct | townhomes | 3 | 2 | 1,121 | $250,000 | 2026-02-20 |
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 | — |
| condos | 3 | 2 | 980 | $314,999 | — | |
| 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
IRR8.1%
Equity multiple2.29x
Total return (10yr)$146,430
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $333,720 | $18,586 | -$3,263 | $256,390 | $77,330 |
| 2 | $343,732 | $19,221 | -$2,673 | $253,386 | $90,345 |
| 3 | $354,044 | $19,878 | -$2,064 | $250,177 | $103,867 |
| 4 | $364,665 | $20,557 | -$1,435 | $246,747 | $117,918 |
| 5 | $375,605 | $21,258 | -$784 | $243,081 | $132,523 |
| 6 | $386,873 | $21,982 | -$111 | $239,164 | $147,709 |
| 7 | $398,479 | $22,730 | $584 | $234,978 | $163,501 |
| 8 | $410,434 | $23,502 | $1,303 | $230,504 | $179,929 |
| 9 | $422,747 | $24,300 | $2,046 | $225,723 | $197,023 |
| 10 | $435,429 | $25,124 | $2,813 | $220,614 | $214,815 |
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.