2523 W 65th St

Hialeah, FL 33016 · single_family · For Sale · 30 days on market
Asking price$530,000
3 beds 2 baths 1,114 sqft
Suggested offer$461,783$68,217 above the est. market value of $461,783.
View on Realtor.com →
Listed by Nestor Rodriguez · Homecoin International Realty, Llc.
Typesingle_family
Built1988
Price / sqft$476
Est. value (own analysis)$461,783
Rent estimate (own analysis)$3,380/mo
HOA$113/mo
Wind10/10Extreme$Heat10/10ExtremeAir2/10MinorFlood1/10minimal$Wildfire1/10Minimal
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Neighborhood

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Statusfor_sale
Listed date2026-08-03
Removed date
MLSMiamiMLS #A12064811
Coordinates25.88122, -80.33429
Address2523 W 65th St
CityHialeah
StateFL
Zip33016
Listing ID6599642850
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)

Purchase price$530,000
Down payment (20.0%)$106,000
Loan amount$424,000
Closing costs (5.0%)$26,500
Total cash to close$132,500
Rent (comp-derived)$3,380$40,560
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$40,560
Vacancy rate (assumption) assumption8.0%

$40,560 × 8.0% = $3,245

Effective gross income$3,110$37,315
Property tax (placeholder 1.9% of price)$839$10,070
Insurance (est. scaled by flood & wind risk)$530$6,360
HOA dues$113$1,356
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$169$2,028
Total operating expenses$1,651$19,814
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$37,315
Total operating expenses derived$19,814

$37,315 − $19,814 = $17,501

Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing)

Monthly Principal & Interest

Standard amortization on the loan amount, at the effective rate and term

Loan amount derived$424,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$424,000 amortized at 6.7% over 30 years = $2,725/mo

CapEx reserve (5.0% of GSR)$169$2,028
Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%)$0$0
Cash flow

Monthly Cash Flow

(NOI − Annual Debt Service − Annual CapEx Reserve − Annual PMI) ÷ 12

NOI derived$17,501
Annual debt service derived$32,697
Annual CapEx reserve assumption$2,028
Annual PMI assumption$0

($17,501 − $32,697 − $2,028 − $0) ÷ 12 = -$1,435

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$17,501
Purchase price data$530,000

$17,501 ÷ $530,000 = 3.3%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$17,224
Total cash to close derived$132,500

-$17,224 ÷ $132,500 = -13.0%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$17,501
Annual debt service derived$32,697

$17,501 ÷ $32,697 = 0.54

Rent-to-price (1% rule)

Rent-to-Price (the "1% rule")

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$40,560
Purchase price data$530,000

($40,560 ÷ 12) ÷ $530,000 = 0.6%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$530,000
Gross scheduled rent (annual) comp$40,560

$530,000 ÷ $40,560 = 13.1

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$19,814
Effective gross income derived$37,315

$19,814 ÷ $37,315 = 53.1%

Break-even occupancy

Break-Even Occupancy

(Total OpEx + Annual Debt Service + Annual PMI) ÷ Gross Scheduled Rent

Total operating expenses derived$19,814
Annual debt service derived$32,697
Annual PMI assumption$0
Gross scheduled rent (annual) comp$40,560

($19,814 + $32,697 + $0) ÷ $40,560 = 129.5%

Comparables

Same ZIP. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family321,440$2,799
single_family321,284$3,430
single_family321,440$3,4002026-08-08
single_family321,398$3,3802026-08-22
single_family321,274$3,4502026-08-04
single_family331,459$3,950
single_family331,351$3,200
single_family331,309$2,600
single_family331,340$2,850
single_family311,000$2,8002024-07-02
single_family321,400$3,500

7211 W 24th Ave Apt 2333

Hialeah, 33016 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,440
Listed
Days on market

Asking rent: $2,799

View on Zillow →

2124 W 54th St

Hialeah, 33016 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,284
Listed
Days on market

Asking rent: $3,430

View on Zillow →

7211 W 24th Ave Apt 2324

Hialeah, 33016 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,440
Listed2026-08-08
Days on market

Asking rent: $3,400

View on Zillow →

2775 W 71st Pl Unit 0

Hialeah, 33016 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,398
Listed2026-08-22
Days on market

Asking rent: $3,380

View on Zillow →

5661 W 21st Ave Unit 5661

Hialeah, 33016 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,274
Listed2026-08-04
Days on market

Asking rent: $3,450

View on Zillow →

8511 NW 141st Ter Apt 405

Miami Lakes, 33016 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,459
Listed
Days on market

Asking rent: $3,950

View on Zillow →

8451 NW 138th St

Miami Lakes, 33016 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,351
Listed
Days on market

Asking rent: $3,200

View on Zillow →

5625 W 26th Ct Apt 201

Hialeah, 33016 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,309
Listed
Days on market

Asking rent: $2,600

View on Zillow →

5249 W 24th Ct # 5249

Hialeah, 33016 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,340
Listed
Days on market

Asking rent: $2,850

View on Zillow →

2401 W 70th St

Hialeah, 33016 · rent comp

Bedrooms / bathrooms3 bd / 1 ba
Square footage1,000
Listed2024-07-02
Days on market

Asking rent: $2,800

View on Zillow →

2605 W 71st Pl

Hialeah, 33016 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,400
Listed
Days on market

Asking rent: $3,500

View on Zillow →

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
8601 Dundee Tersingle_family322,085$1,050,0002026-08-21
16501 NW 84th Ctsingle_family321,903$750,0002026-08-18
2462 W 65th Stsingle_family321,520$499,9992026-07-31
2501 W 73rd Plsingle_family321,285$540,0002026-07-29
6527 W 22nd Lnsingle_family321,315$515,0002026-07-15
16828 NW 83rd Plsingle_family331,948$875,0002026-06-30
14435 NW 83rd Plsingle_family321,131$487,0002026-06-25
2682 W 70th Plsingle_family321,146$555,0002026-06-16
2737 W 55th Plsingle_family321,274$598,0002026-06-05
2566 W 73rd Plsingle_family321,506$547,0002026-05-26
16037 NW 77th Plsingle_family331,999$875,0002026-05-20
2446 W 70th Plsingle_family321,233$499,0002026-05-13
2749 W 73rd Plsingle_family321,170$567,0002026-05-11
5841 W 21st Ctsingle_family321,164$460,0002026-05-04
2496 W 70th Plsingle_family321,228$547,0002026-05-04
7827 NW 166th Tersingle_family321,800$859,0002026-04-24
2741 W 74th Stsingle_family321,237$525,0002026-04-07
8235 NW 164th Stsingle_family342,985$980,0002026-04-06
2597 W 73rd Plsingle_family321,384$550,0002026-04-03
8326 NW 144th Stsingle_family322,015$490,0002026-04-02
7935 NW 162nd Stsingle_family332,757$1,150,0002026-04-01
2614 W 65th Stsingle_family321,170$500,0002026-03-31
2755 W 74th Stsingle_family321,237$527,0002026-03-26
14679 Glencairn Rdsingle_family322,082$875,0002026-03-19
2551 W 64th Plsingle_family321,170$490,0002026-03-17
8445 NW 165th Tersingle_family331,903$987,5002026-03-12
14391 NW 83rd Avesingle_family332,015$605,0002026-02-13
8451 Dundee Tersingle_family322,655$1,160,0002026-02-10
6854 W 25th Ctsingle_family321,271$490,0002026-02-05
6590 W 24th Ct # 24-106single_family331,303$340,0002026-01-27
15121 Garvock Plsingle_family322,413$1,075,0002025-12-18
8635 Menteith Tersingle_family322,400$945,0002025-12-18
5751 W 21st Ctsingle_family321,164$511,0002025-12-11
6950 W 25th Avesingle_family321,296$500,0002025-12-09
5987 W 21st Ctsingle_family321,164$500,0002025-11-17
2749 W 72nd Stsingle_family321,260$515,0002025-11-05
2141 W 53rd Stsingle_family321,286$510,0002025-11-03
2525 W 73rd Plsingle_family321,170$490,0002025-11-03
2534 W 72nd Stsingle_family321,260$465,0002025-10-31
8455 NW 169th Tersingle_family332,318$825,0002025-10-30
2627 W 69th Tersingle_family321,458$560,0002025-10-17
2553 W 70th Plsingle_family321,146$420,0002025-10-09
5870 W 20th Lnsingle_family321,274$510,0002025-10-06
6562 W 22nd Ctsingle_family321,242$495,0002025-10-01
15536 NW 83rd Avesingle_family322,595$1,055,0002025-09-30
2545 W 72nd Stsingle_family321,290$545,0002025-09-16
6853 W 25th Ctsingle_family321,363$565,0002025-09-05

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.

AddressTypeBedsBathsSqftAsking priceDays on market
16203 NW 82nd Plsingle_family332,563$1,399,000
8188 NW 98th Ln Unit 122townhomes32$324,000
condos32980$314,999
5941 W 20th Lnsingle_family321,274$499,900
14715 Balgowan Rd Unit 104-9condos321,525$449,500
6983 W 24th Lnsingle_family321,414$530,000
5255 W 26th Ct Unit 803townhomes331,030$375,000
2745 W 62nd Pl Apt 202condos32972$260,000

10-year hold projection

IRR1.5%
Equity multiple1.24x
Total return (10yr)$101,498
YearProperty valueNOICash flowLoan balanceEquity
1$545,900$17,501-$17,224$419,403$126,497
2$562,277$18,125-$16,650$414,490$147,787
3$579,145$18,771-$16,057$409,240$169,905
4$596,520$19,438-$15,443$403,629$192,891
5$614,415$20,128-$14,808$397,633$216,782
6$632,848$20,841-$14,151$391,225$241,622
7$651,833$21,578-$13,471$384,378$267,456
8$671,388$22,340-$12,767$377,060$294,329
9$691,530$23,128-$12,039$369,239$322,291
10$712,276$23,943-$11,287$360,881$351,394
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.
All figures are estimates for evaluation purposes only, not investment, tax, legal, or insurance advice. Property tax is estimated from a real matched tax bill or millage rate when available, a placeholder % of price otherwise; insurance is scaled by flood and wind risk where those are known and a flat percentage otherwise — never a real quote. Verify all of them, along with association restrictions and permit status, before committing capital. Rent estimates come from real comps or Zillow’s ZIP index, not appraisals.