2450 W 67th Pl Unit 13-12

Hialeah, FL 33016 · townhomes · For Sale · 326 days on market
Asking price$385,000
4 beds 3 baths 1,665 sqft
View on Realtor.com →
Listed by MARGEND PALACIOS P.A. · Sellstate Powerhouse Real Estate Group
Typetownhomes
Built1983
Price / sqft$231
Est. value (own analysis)$488,128
Rent estimate (own analysis)$3,575/mo
HOA$400/mo
Wind10/10Extreme$Heat10/10ExtremeAir2/10MinorFlood1/10minimal$Wildfire1/10Minimal
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Neighborhood

Show every detail
Statusfor_sale
Listed date2025-10-11
Removed date
MLSMiamiMLS #A11894534
Coordinates25.88380, -80.33243
Address2450 W 67th Pl Unit 13-12
CityHialeah
StateFL
Zip33016
Listing ID6807649480
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$385,000
Down payment (20.0%)$77,000
Loan amount$308,000
Closing costs (5.0%)$19,250
Total cash to close$96,250
Rent (comp-derived)$3,575$42,900
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$42,900
Vacancy rate (assumption) assumption8.0%

$42,900 × 8.0% = $3,432

Effective gross income$3,289$39,468
Property tax (placeholder 1.9% of price)$610$7,315
Insurance (est. scaled by flood & wind risk)$385$4,620
HOA dues$400$4,800
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$179$2,145
Total operating expenses$1,573$18,880
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$39,468
Total operating expenses derived$18,880

$39,468 − $18,880 = $20,588

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$308,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$308,000 amortized at 6.7% over 30 years = $1,979/mo

CapEx reserve (5.0% of GSR)$179$2,145
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$20,588
Annual debt service derived$23,751
Annual CapEx reserve assumption$2,145
Annual PMI assumption$0

($20,588 − $23,751 − $2,145 − $0) ÷ 12 = -$442

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$20,588
Purchase price data$385,000

$20,588 ÷ $385,000 = 5.3%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$5,308
Total cash to close derived$96,250

-$5,308 ÷ $96,250 = -5.5%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$20,588
Annual debt service derived$23,751

$20,588 ÷ $23,751 = 0.87

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$42,900
Purchase price data$385,000

($42,900 ÷ 12) ÷ $385,000 = 0.9%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$385,000
Gross scheduled rent (annual) comp$42,900

$385,000 ÷ $42,900 = 9.0

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$18,880
Effective gross income derived$39,468

$18,880 ÷ $39,468 = 47.8%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$18,880
Annual debt service derived$23,751
Annual PMI assumption$0
Gross scheduled rent (annual) comp$42,900

($18,880 + $23,751 + $0) ÷ $42,900 = 99.4%

Comparables

Widened to city-wide. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
townhomes431,681$2,7002026-03-24
townhomes431,658$3,4002026-08-01
townhomes431,590$3,2002026-06-25
townhomes431,798$3,500
townhomes431,914$3,6502026-07-07
townhomes431,869$3,8002026-07-06
townhomes431,914$3,9002026-08-12
townhomes421,725$3,7502026-08-31

4415 W 10th Ln Unit 14

Hialeah, 33012 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,681
Listed2026-03-24
Days on market

Asking rent: $2,700

View on Zillow →

7301 NW 173rd Dr Apt 101

Hialeah, 33015 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,658
Listed2026-08-01
Days on market

Asking rent: $3,400

View on Zillow →

6975 NW 173rd Dr Apt 2007

Hialeah, 33015 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,590
Listed2026-06-25
Days on market

Asking rent: $3,200

View on Zillow →

2561 W 60th Pl # 102-1

Hialeah, 33016 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,798
Listed
Days on market

Asking rent: $3,500

View on Zillow →

3409 W 104th Ter

Hialeah, 33018 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,914
Listed2026-07-07
Days on market

Asking rent: $3,650

View on Zillow →

9336 W 34th Ct

Hialeah, 33018 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,869
Listed2026-07-06
Days on market

Asking rent: $3,800

View on Zillow →

10377 W 34th Ct Unit 10377

Hialeah, 33018 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,914
Listed2026-08-12
Days on market

Asking rent: $3,900

View on Zillow →

1095 W 37th St

Hialeah, 33012 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,725
Listed2026-08-31
Days on market

Asking rent: $3,750

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
2485 W 76th St Apt 201townhomes221,110$350,0002026-07-31
2433 W 52nd Pl Unit 8-1townhomes22900$250,0002026-07-01
5256 W 24th Ave Unit 5-3townhomes321,150$272,5002026-06-16
2425 W 76th St Apt 109townhomes321,270$375,0002026-06-16
14231 NW 83rd Avetownhomes321,131$513,5002026-06-12
15074 Rednock Lntownhomes321,569$500,0002026-06-11
8338 NW 145th Sttownhomes332,015$535,0002026-06-05
8511 Ardoch Rdtownhomes321,483$520,0002026-05-12
2367 W 74th St Unit 103-2townhomes221,090$278,8882026-05-05
6080 W 26th Ct Unit 101-9townhomes331,828$382,5002026-04-27
6410 W 27th Ln Unit 101-19townhomes331,478$350,0002026-04-24
8531 NW 139th Ter Apt 1409townhomes331,450$480,0002026-04-23
14822 Breckness Pltownhomes221,271$415,0002026-04-20
8330 NW 143rd Tertownhomes432,231$615,0002026-04-14
14621 Balgowan Rd Unit 102-3townhomes321,525$475,0002026-04-13
8544 NW 140th Ter Apt 1003townhomes331,351$485,0002026-04-02
8423 NW 138th Ter Apt 2804townhomes331,459$440,0002026-04-01
7211 W 24th Ave Apt 2304townhomes321,440$362,5002026-03-30
2289 W 52nd St Unit 2-3townhomes22952$310,0002026-03-27
14251 NW 83rd Avetownhomes332,015$550,0002026-03-19
8436 Dundee Tertownhomes432,058$599,0002026-03-16
2224 W 53rd Pl Unit 2224townhomes22896$280,0002026-03-16
2412 W 52nd Ter Unit 7-7townhomes22900$220,0002026-02-27
5816 W 21st Cttownhomes321,121$250,0002026-02-20

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.

AddressTypeBedsBathsSqftAsking priceDays on market
15600 NW 82nd Ctsingle_family432,947$1,395,000
2217 W 69th St Unit 2217Acondos431,580$389,800
14629 Glencairn Rdsingle_family432,309$1,100,000
15721 NW 79th Ctsingle_family443,093$1,699,000
15901 NW 83rd Plsingle_family432,889$1,250,000
2561 W 60th Pl Unit 102-1townhomes431,798$429,999
16581 NW 84th Avesingle_family432,659$1,499,999
16820 NW 80th Ctsingle_family432,186$995,000

10-year hold projection

IRR7.0%
Equity multiple2.12x
Total return (10yr)$157,648
YearProperty valueNOICash flowLoan balanceEquity
1$396,550$20,588-$5,308$304,661$91,889
2$408,447$21,300-$4,650$301,092$107,355
3$420,700$22,036-$3,969$297,278$123,422
4$433,321$22,796-$3,265$293,202$140,118
5$446,321$23,582-$2,538$288,847$157,474
6$459,710$24,393-$1,785$284,192$175,518
7$473,501$25,232-$1,007$279,218$194,283
8$487,706$26,098-$203$273,902$213,804
9$502,338$26,993$628$268,221$234,116
10$517,408$27,918$1,488$262,150$255,258
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.