245 W 60th St
Hialeah, FL 33012 · single_family · For Sale · 20 days on market
Asking price$649,000
4 beds 3 baths 1,375 sqft
Suggested offer$510,015$138,985 above the est. market value of $510,015.
View on Realtor.com →Listed by PATTY RAMOS · First Service Realty ERA
Typesingle_family
Built1953
Price / sqft$472
Est. value (own analysis)$510,015
Rent estimate (own analysis)$4,000/mo
HOANone
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Statusfor_sale
Listed date2026-08-13
Removed date—
MLSMiamiMLS #A12070254
Coordinates25.87734, -80.28842
Address245 W 60th St
CityHialeah
StateFL
Zip33012
Listing ID6886329746
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33012)
Typical home value (ZHVI)$385,585
Typical rent (ZORI)$2,270/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 | $649,000 |
| Down payment (20.0%) | $129,800 |
| Loan amount | $519,200 |
| Closing costs (5.0%) | $32,450 |
| Total cash to close | $162,250 |
| Income | |
| Rent (comp-derived) | $4,000$48,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,680$44,160 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,028$12,331 |
| Insurance (placeholder 0.8% of price) | $433$5,192 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $200$2,400 |
| Total operating expenses | $1,660$19,923 |
| 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) | $200$2,400 |
| 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
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| single_family | 4 | 3 | 1,675 | $3,575 | — | — | |
| single_family | 4 | 3 | 1,735 | $4,950 | 2026-06-19 | — | |
| single_family | 4 | 2 | 1,585 | $4,100 | 2026-04-12 | — | |
| single_family | 4 | 2 | 1,226 | $3,800 | 2026-06-26 | — | |
| single_family | 4 | 2 | 1,831 | $4,000 | 2026-08-07 | — | |
| single_family | 4 | 2 | 1,414 | $3,800 | 2026-08-19 | — | |
| single_family | 4 | 3 | 1,648 | $5,000 | 2026-09-01 | — |
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 |
|---|---|---|---|---|---|---|
| 661 W 50th Pl | single_family | 4 | 2 | 1,574 | $610,000 | 2026-08-31 |
| 5971 W 13th Ave | single_family | 4 | 2 | 1,637 | $695,000 | 2026-08-27 |
| 633 W 30th St | single_family | 4 | 2 | 1,560 | $380,000 | 2026-08-12 |
| 1261 W 43rd Pl | single_family | 4 | 2 | 1,201 | $510,000 | 2026-08-07 |
| 117 W 34th St | single_family | 4 | 1 | 1,260 | $580,000 | 2026-08-07 |
| 4790 W 8th Ave | single_family | 4 | 2 | 1,749 | $500,000 | 2026-07-22 |
| 491 W 35th Pl | single_family | 4 | 3 | 2,335 | $585,000 | 2026-07-21 |
| 4660 W 9th Ave | single_family | 4 | 3 | 1,961 | $703,000 | 2026-07-20 |
| 1101 W 54th St | single_family | 4 | 3 | 1,793 | $725,000 | 2026-07-13 |
| 1185 W 32nd St | single_family | 4 | 2 | 1,483 | $538,890 | 2026-07-07 |
| 3740 W 5th Ct | single_family | 4 | 3 | 1,791 | $630,000 | 2026-06-30 |
| 1285 W 42nd Pl | single_family | 4 | 4 | 1,932 | $600,000 | 2026-06-25 |
| 11335 NW 59th Ct | single_family | 4 | 3 | 1,999 | $770,000 | 2026-06-16 |
| 851 W 35th St | single_family | 4 | 2 | 1,960 | $744,000 | 2026-06-16 |
| 1301 W 61st Pl | single_family | 4 | 3 | 2,366 | $700,000 | 2026-06-15 |
| 42 W 44th St | single_family | 4 | 3 | 1,878 | $750,000 | 2026-06-01 |
| 6190 W 14th Ave | single_family | 4 | 3 | 1,842 | $855,000 | 2026-05-28 |
| 360 W 55th St | single_family | 4 | 3 | 1,375 | $670,000 | 2026-05-20 |
| 6090 W 5th Ln | single_family | 4 | 2 | 2,076 | $669,999 | 2026-05-15 |
| 733 W 32nd St | single_family | 4 | 2 | 1,544 | $590,000 | 2026-05-08 |
| 1010 W 33rd Pl | single_family | 4 | 2 | 1,560 | $635,000 | 2026-04-27 |
| 6360 W 8th Ave | single_family | 4 | 3 | 2,348 | $650,000 | 2026-04-23 |
| 590 W 35th Pl | single_family | 4 | 3 | 1,224 | $570,000 | 2026-04-22 |
| 6325 W 12th Ave | single_family | 4 | 2 | 1,598 | $660,000 | 2026-04-16 |
| 451 W 39th St | single_family | 4 | 3 | 1,873 | $699,000 | 2026-04-09 |
| 943 W 64th Pl | single_family | 4 | 2 | 1,572 | $669,000 | 2026-04-07 |
| 1190 W 33rd St | single_family | 4 | 2 | 2,370 | $685,000 | 2026-04-07 |
| 40 W 51st St | single_family | 4 | 3 | 2,389 | $520,000 | 2026-03-26 |
| 11610 NW 57th Ct | single_family | 4 | 2 | 1,319 | $710,000 | 2026-03-19 |
| 4841 W 2nd Ln | single_family | 4 | 2 | 2,320 | $650,000 | 2026-02-26 |
| 165 W 50th St | single_family | 4 | 4 | 3,182 | $930,000 | 2026-02-24 |
| 1560 W 53rd St | single_family | 4 | 2 | 1,587 | $530,000 | 2026-02-06 |
| 380 W 53rd St | single_family | 4 | 2 | 2,393 | $525,000 | 2026-01-16 |
| 420 W 33rd St | single_family | 4 | 1 | 1,527 | $520,000 | 2025-12-17 |
| 453 W 40th Pl | single_family | 4 | 3 | 2,222 | $760,000 | 2025-11-03 |
| 5470 W 9th Ln | single_family | 4 | 3 | 1,598 | $655,000 | 2025-10-15 |
| 1026 W 32nd St | single_family | 4 | 2 | 1,549 | $717,000 | 2025-10-15 |
| 141 W 31st St | single_family | 4 | 2 | 1,415 | $570,000 | 2025-10-15 |
| 420 W 42nd Pl | single_family | 4 | 3 | 2,254 | $166,667 | 2025-10-09 |
| 3395 W 14th Ave | single_family | 4 | 2 | 1,492 | $550,000 | 2025-09-29 |
| 1250 W 61st Pl | single_family | 4 | 2 | 1,746 | $630,000 | 2025-09-12 |
| 928 W 31st St | single_family | 4 | 2 | 1,340 | $640,000 | 2025-09-05 |
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.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 4730 W 8th Ave | single_family | 4 | 2 | 2,609 | $280,000 | — |
| 661 W 50th Pl | single_family | 4 | 2 | 1,574 | $579,900 | — |
| 681 W 55th Pl | single_family | 4 | 3 | 1,343 | $635,000 | — |
| 233 W 39th Pl | single_family | 4 | 3 | 1,721 | $799,999 | — |
| 1340 W 36th St | single_family | 4 | 2 | 1,680 | $625,000 | — |
| 1115 W 51st Pl | single_family | 4 | 2 | 1,991 | $779,900 | — |
| 1067 W 43rd Pl Unit 68 | condos | 4 | 4 | 2,010 | $339,990 | — |
| 733 W 35th St | single_family | 4 | 1 | 1,376 | $559,900 | — |
10-year hold projection
IRR2.7%
Equity multiple1.44x
Total return (10yr)$156,261
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $668,470 | $24,237 | -$18,201 | $513,571 | $154,899 |
| 2 | $688,524 | $25,064 | -$17,435 | $507,555 | $180,969 |
| 3 | $709,180 | $25,918 | -$16,642 | $501,126 | $208,054 |
| 4 | $730,455 | $26,800 | -$15,823 | $494,255 | $236,200 |
| 5 | $752,369 | $27,711 | -$14,976 | $486,913 | $265,456 |
| 6 | $774,940 | $28,652 | -$14,101 | $479,067 | $295,873 |
| 7 | $798,188 | $29,625 | -$13,197 | $470,681 | $327,507 |
| 8 | $822,134 | $30,629 | -$12,262 | $461,720 | $360,414 |
| 9 | $846,798 | $31,666 | -$11,296 | $452,144 | $394,654 |
| 10 | $872,202 | $32,738 | -$10,298 | $441,910 | $430,292 |
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.