18304 NW 68th Ave Apt C

Hialeah, FL 33015 · townhomes · For Sale · 187 days on market
Asking price$208,000
1 beds 1 baths 782 sqft
View on Realtor.com →
Listed by Victor Cruz · Miami Home Brokers Realty
Typetownhomes
Built1989
Price / sqft$266
Est. value (own analysis)$269,284
Rent estimate (own analysis)$1,925/mo
HOA$360/mo
Wind10/10Extreme$Heat9/10ExtremeAir2/10MinorFlood1/10minimal$Wildfire1/10Minimal
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Neighborhood

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Statusfor_sale
Listed date2026-02-27
Removed date
MLSMiamiMLS #A11973498
Coordinates25.93968, -80.31403
Address18304 NW 68th Ave Apt C
CityHialeah
StateFL
Zip33015
Listing ID6648819495
Sourceus-real-estate-listings, cached 2026-08-28

ZIP market snapshot (33015)

Typical home value (ZHVI)$397,440
Typical rent (ZORI)$2,324/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$208,000
Down payment (20.0%)$41,600
Loan amount$166,400
Closing costs (5.0%)$10,400
Total cash to close$52,000
Rent (comp-derived)$1,925$23,100
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$23,100
Vacancy rate (assumption) assumption8.0%

$23,100 × 8.0% = $1,848

Effective gross income$1,771$21,252
Property tax (placeholder 1.9% of price)$329$3,952
Insurance (est. scaled by flood & wind risk)$208$2,496
HOA dues$360$4,320
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$96$1,155
Total operating expenses$994$11,923
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$21,252
Total operating expenses derived$11,923

$21,252 − $11,923 = $9,329

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$166,400
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$166,400 amortized at 6.7% over 30 years = $1,069/mo

CapEx reserve (5.0% of GSR)$96$1,155
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$9,329
Annual debt service derived$12,832
Annual CapEx reserve assumption$1,155
Annual PMI assumption$0

($9,329 − $12,832 − $1,155 − $0) ÷ 12 = -$388

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$9,329
Purchase price data$208,000

$9,329 ÷ $208,000 = 4.5%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$4,658
Total cash to close derived$52,000

-$4,658 ÷ $52,000 = -9.0%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$9,329
Annual debt service derived$12,832

$9,329 ÷ $12,832 = 0.73

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$23,100
Purchase price data$208,000

($23,100 ÷ 12) ÷ $208,000 = 0.9%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$208,000
Gross scheduled rent (annual) comp$23,100

$208,000 ÷ $23,100 = 9.0

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$11,923
Effective gross income derived$21,252

$11,923 ÷ $21,252 = 56.1%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$11,923
Annual debt service derived$12,832
Annual PMI assumption$0
Gross scheduled rent (annual) comp$23,100

($11,923 + $12,832 + $0) ÷ $23,100 = 107.2%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
townhomes11750$1,9502026-08-10
townhomes11887$1,9002026-08-19
townhomes11750$2,0002026-08-06
townhomes11850$1,800
townhomes11850$1,925
townhomes11850$1,925

17335 NW 67th Pl Unit 14N

Hialeah, 33015 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage750
Listed2026-08-10
Days on market

Asking rent: $1,950

View on Zillow →

18332 NW 68th Ave Apt H

Hialeah, 33015 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage887
Listed2026-08-19
Days on market

Asking rent: $1,900

View on Zillow →

17515 NW 67th Ct Unit N22

Hialeah, 33015 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage750
Listed2026-08-06
Days on market

Asking rent: $2,000

View on Zillow →

6001 NW 182nd Ln # 6001

Hialeah, 33015 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage850
Listed
Days on market

Asking rent: $1,800

View on Zillow →

6001 NW 182nd Ln

Hialeah, 33015 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage850
Listed
Days on market

Asking rent: $1,925

View on Zillow →

5951 NW 182nd Ln # 5951

Hialeah, 33015 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage850
Listed
Days on market

Asking rent: $1,925

View on Zillow →

Widened to any bedroom count in ZIP. 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
7548 NW 173rd Tertownhomes321,190$465,0002026-09-01
19174 Bobolink Drtownhomes231,600$490,0002026-08-28
19113 NW 64th Cttownhomes331,298$485,0002026-08-25
7353 NW 174th Ter Apt 107townhomes331,500$425,0002026-08-24
9167561492townhomes321,218$490,0002026-08-21
6725 NW 188th Tertownhomes221,032$395,0002026-08-21
17914 NW 66th Court Cirtownhomes221,071$430,0002026-08-14
6722 NW 192nd Lntownhomes221,089$375,0002026-08-07
19408 W Lake Drtownhomes432,600$492,5002026-08-06
17455 NW 75th Pl Apt 203townhomes432,430$425,0002026-07-30
18388 NW 75th Psge Unit 2603townhomes22990$372,0002026-07-28
6704 NW 192nd Tertownhomes221,032$415,0002026-07-17
7332 Bay Hill Drtownhomes221,308$450,0002026-07-06
7560 NW 173rd Lntownhomes321,190$473,0002026-06-30
19750 Cypress Cttownhomes321,537$475,0002026-06-29
7452 NW 178th Sttownhomes231,150$435,0002026-06-19
6940 NW 177th St Unit P104townhomes431,500$383,0002026-06-17
7301 NW 174th Ter Apt 100townhomes431,500$425,0002026-06-05
7317 NW 174th Ter Apt 102townhomes331,387$425,0002026-06-03
6970 NW 177th St Unit M101townhomes331,386$400,0002026-05-29
17298 NW 60th Cttownhomes22932$345,0002026-05-26
6723 NW 188th Tertownhomes221,032$410,0002026-05-20
6726 NW 188th Tertownhomes221,089$400,0002026-05-18
17026 NW 66th Cttownhomes321,115$433,0002026-05-15
6548 NW 170 Ter Unit 6548townhomes22991$369,0002026-05-07
7355 NW 173rd Dr Apt 103townhomes331,860$460,0002026-05-01
17246 NW 74th Cttownhomes321,218$440,0002026-04-21
19816 Bobolink Drtownhomes321,821$494,8002026-04-21
6353 NW 190th Tertownhomes331,419$485,0002026-04-17
17355 NW 66th Cttownhomes321,687$515,0002026-04-14
17360 NW 69th Ct Apt 204townhomes331,520$430,0002026-04-10
6169 NW 170th Tertownhomes321,582$428,0002026-04-07
17270 NW 60th Cttownhomes22991$380,0002026-03-31
6243 NW 171st Sttownhomes321,582$450,0002026-03-27
6551 NW 170th Tertownhomes22991$375,0002026-03-25

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
18051 NW 68th Ave Apt K201condos12982$129,000
condos11870$215,500
17911 NW 68th Ave Apt N206condos12943$120,000
18328 NW 68th Ave Apt Ocondos11782$185,000
6812 Brookline Dr Unit 6812condos12951$245,000
17425 NW 67th Pl Unit N13condos11750$229,500
6980 NW 186th St Unit 3-423condos11382$152,900
18304 NW 68th Ave Apt Ncondos11763$185,000

10-year hold projection

IRR4.5%
Equity multiple1.73x
Total return (10yr)$65,098
YearProperty valueNOICash flowLoan balanceEquity
1$214,240$9,329-$4,658$164,596$49,644
2$220,667$9,668-$4,347$162,668$57,999
3$227,287$10,020-$4,026$160,607$66,680
4$234,106$10,383-$3,693$158,406$75,700
5$241,129$10,759-$3,348$156,052$85,077
6$248,363$11,147-$2,992$153,538$94,825
7$255,814$11,549-$2,622$150,850$104,964
8$263,488$11,965-$2,240$147,978$115,510
9$271,393$12,394-$1,845$144,909$126,484
10$279,535$12,839-$1,436$141,629$137,905
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.