890 E 38th St
Hialeah, FL 33013 · single_family · For Sale · 193 days on market
Asking price$815,000
5 beds 3 baths 2,318 sqft
Suggested offer$697,834$117,166 above the est. market value of $697,834.
View on Realtor.com →Listed by Juan Nieves · M&J Real Estate Group, Inc.
Typesingle_family
Built1949
Price / sqft$352
Est. value (own analysis)$697,834
Rent estimate (own analysis)$5,100/mo
HOANone
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Statusfor_sale
Listed date2026-02-21
Removed date—
MLSMiamiMLS #A11969774
Coordinates25.85689, -80.26408
Address890 E 38th St
CityHialeah
StateFL
Zip33013
Listing ID9360314674
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33013)
Typical home value (ZHVI)$568,867
Typical rent (ZORI)$2,554/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 | $815,000 |
| Down payment (20.0%) | $163,000 |
| Loan amount | $652,000 |
| Closing costs (5.0%) | $40,750 |
| Total cash to close | $203,750 |
| Income | |
| Rent (comp-derived) | $5,100$61,200 |
| Vacancy loss (8.0%) | |
| Effective gross income | $4,692$56,304 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,290$15,485 |
| Insurance (placeholder 0.8% of price) | $543$6,520 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $255$3,060 |
| Total operating expenses | $2,089$25,065 |
| 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) | $255$3,060 |
| 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 | 5 | 3 | 2,540 | $3,920 | — | — | |
| single_family | 5 | 4 | 1,769 | $5,450 | — | — | |
| single_family | 5 | 2 | 1,750 | $4,900 | 2026-07-01 | — | |
| single_family | 5 | 5 | 2,759 | $5,100 | 2026-08-07 | — | |
| single_family | 5 | 5 | 2,909 | $5,900 | 2026-08-04 | — | |
| single_family | 5 | 3 | 2,263 | $4,200 | — | — | |
| single_family | 5 | 5 | 3,017 | $5,500 | — | — |
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 |
|---|---|---|---|---|---|---|
| 20 E 52nd Pl | single_family | 5 | 4 | 1,982 | $640,000 | 2026-08-12 |
| 1051 E 18th St | single_family | 5 | 4 | 1,780 | $525,000 | 2026-07-20 |
| 3600 E 5th Ave | single_family | 5 | 3 | 1,913 | $655,000 | 2026-06-29 |
| 636 E 42nd St | single_family | 5 | 3 | 2,389 | $460,000 | 2026-06-25 |
| 670 E 45th St | single_family | 5 | 2 | 1,614 | $596,000 | 2026-05-22 |
| 880 E 28th St | single_family | 5 | 4 | 1,692 | $590,000 | 2026-03-10 |
| 4660 E 4th Ave | single_family | 5 | 3 | 1,720 | $430,000 | 2026-01-26 |
| 675 E 31st St | single_family | 5 | 3 | 2,001 | $630,000 | 2026-01-23 |
| 105 E 55th St | single_family | 5 | 3 | 1,788 | $655,000 | 2026-01-06 |
| 385 E 56th St | single_family | 5 | 2 | 2,081 | $639,185 | 2025-12-24 |
| 533 E 61st St | single_family | 5 | 3 | 2,226 | $770,000 | 2025-12-17 |
| 499 E 41st St | single_family | 5 | 2 | 1,740 | $440,000 | 2025-12-15 |
| 230 E 62nd St | single_family | 5 | 3 | 1,932 | $595,000 | 2025-12-09 |
| 370 E 58th St | single_family | 5 | 4 | 2,698 | $610,000 | 2025-11-18 |
| 9293281466 | single_family | 5 | 4 | 2,698 | $610,000 | 2025-11-18 |
| 602 E 50th St | single_family | 5 | 3 | 2,365 | $650,000 | 2025-11-10 |
| 75 E 41st St | single_family | 5 | 3 | 1,542 | $430,503 | 2025-10-30 |
| 380 E 45th St | single_family | 5 | 4 | 2,290 | $585,000 | 2025-09-26 |
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 |
|---|---|---|---|---|---|---|
| 458 E 20th St | multi_family | 5 | 4 | 2,211 | $849,999 | — |
| single_family | 5 | 4 | 3,389 | $659,900 | — | |
| 562 E 44th St | single_family | 5 | 3 | 2,213 | $580,000 | — |
| 542 E 20th St | single_family | 5 | 4 | 1,260 | $700,000 | — |
| 4719 E 8th Ct | single_family | 5 | 3 | 1,514 | $634,900 | — |
| 890 E 28th St | single_family | 5 | 4 | 2,737 | $1,050,000 | — |
| 309 E 49th St | single_family | 5 | 3 | 1,204 | $1,900,000 | — |
| 758 E 20th St | single_family | 5 | 3 | 2,531 | $599,995 | — |
10-year hold projection
IRR3.0%
Equity multiple1.48x
Total return (10yr)$204,927
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $839,450 | $31,239 | -$22,100 | $644,931 | $194,519 |
| 2 | $864,634 | $32,301 | -$21,114 | $637,376 | $227,257 |
| 3 | $890,573 | $33,399 | -$20,095 | $629,303 | $261,270 |
| 4 | $917,290 | $34,533 | -$19,042 | $620,675 | $296,615 |
| 5 | $944,808 | $35,704 | -$17,953 | $611,455 | $333,354 |
| 6 | $973,153 | $36,913 | -$16,828 | $601,601 | $371,551 |
| 7 | $1,002,347 | $38,162 | -$15,666 | $591,071 | $411,276 |
| 8 | $1,032,418 | $39,452 | -$14,464 | $579,818 | $452,600 |
| 9 | $1,063,390 | $40,785 | -$13,223 | $567,792 | $495,598 |
| 10 | $1,095,292 | $42,161 | -$11,939 | $554,940 | $540,352 |
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.