2745 W 62nd Pl Apt 202
Hialeah, FL 33016 · condos · Pending — under contract · 13 days on market
Asking price$260,000
3 beds 2 baths 972 sqft
Suggested offer$255,150$4,850 above the est. market value of $255,150.
View on Realtor.com →Listed by Roylan valdivia · United Realty Group Inc
Typecondos
Built1986
Price / sqft$267
Est. value (own analysis)$255,150
Rent estimate (own analysis)$2,550/mo
HOA$210/mo
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Statusfor_sale
Listed date2026-08-20
Removed date—
MLSMiamiMLS #A12074821
Coordinates25.87842, -80.33833
Address2745 W 62nd Pl Apt 202
CityHialeah
StateFL
Zip33016
Listing ID6547768658
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 | $260,000 |
| Down payment (20.0%) | $52,000 |
| Loan amount | $208,000 |
| Closing costs (5.0%) | $13,000 |
| Total cash to close | $65,000 |
| 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) | $412$4,940 |
| Insurance (placeholder 0.8% of price) | $173$2,080 |
| HOA dues | $210$2,520 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $128$1,530 |
| Total operating expenses | $923$11,070 |
| 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 | — |
| 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 | — |
10-year hold projection
IRR10.6%
Equity multiple2.66x
Total return (10yr)$141,551
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $267,800 | $17,082 | -$488 | $205,745 | $62,055 |
| 2 | $275,834 | $17,650 | $42 | $203,335 | $72,499 |
| 3 | $284,109 | $18,236 | $589 | $200,759 | $83,350 |
| 4 | $292,632 | $18,841 | $1,154 | $198,007 | $94,625 |
| 5 | $301,411 | $19,466 | $1,737 | $195,066 | $106,346 |
| 6 | $310,454 | $20,111 | $2,340 | $191,922 | $118,531 |
| 7 | $319,767 | $20,777 | $2,963 | $188,563 | $131,204 |
| 8 | $329,360 | $21,465 | $3,606 | $184,973 | $144,387 |
| 9 | $339,241 | $22,174 | $4,270 | $181,137 | $158,104 |
| 10 | $349,418 | $22,907 | $4,956 | $177,037 | $172,381 |
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.