620 W 29th St
Hialeah, FL 33012 · multi_family · For Sale · 684 days on market
Asking price$1,695,000
10 beds 6 baths — sqft
Suggested offer$385,585$1,309,415 above the est. market value of $385,585.
View on Realtor.com →Listed by Cody Tremblay · Blue Water Re Llc
Typemulti_family
Built2020
Price / sqft—
Est. value (Zillow ZIP avg)$385,585
Rent estimate (building total, own analysis)$11,850/mo
HOANone
1 / 27
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Statusfor_sale
Listed date2024-10-18
Removed date—
MLSMiamiMLS #A11678627
Coordinates25.84774, -80.29477
Address620 W 29th St
CityHialeah
StateFL
Zip33012
Listing ID9589299200
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 | $1,695,000 |
| Down payment (20.0%) | $339,000 |
| Loan amount | $1,356,000 |
| Closing costs (5.0%) | $84,750 |
| Total cash to close | $423,750 |
| Income | |
| Rent (estimate) | $11,850$142,200 |
| Vacancy loss (8.0%) | |
| Effective gross income | $10,902$130,824 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,684$32,205 |
| Insurance (placeholder 0.8% of price) | $1,130$13,560 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $593$7,110 |
| Total operating expenses | $4,406$52,875 |
| 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) | $593$7,110 |
| 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
Same ZIP. Real active rental listings, used to derive the rent estimate above.
No active rental listings cached yet for this bedroom count.
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.
No recent recorded sales cached yet for this ZIP.
Widened to city-wide. 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 |
|---|---|---|---|---|---|---|
| 6305 W 22nd Ct | multi_family | 10 | 8 | 12,894 | $4,340,000 | — |
10-year hold projection
IRR5.1%
Equity multiple1.82x
Total return (10yr)$566,831
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,745,850 | $77,949 | -$33,729 | $1,341,298 | $404,552 |
| 2 | $1,798,226 | $80,552 | -$31,304 | $1,325,586 | $472,639 |
| 3 | $1,852,172 | $83,239 | -$28,799 | $1,308,796 | $543,377 |
| 4 | $1,907,737 | $86,014 | -$26,211 | $1,290,852 | $616,885 |
| 5 | $1,964,970 | $88,879 | -$23,537 | $1,271,676 | $693,293 |
| 6 | $2,023,919 | $91,838 | -$20,775 | $1,251,184 | $772,735 |
| 7 | $2,084,636 | $94,892 | -$17,922 | $1,229,284 | $855,352 |
| 8 | $2,147,175 | $98,045 | -$14,975 | $1,205,880 | $941,295 |
| 9 | $2,211,591 | $101,301 | -$11,930 | $1,180,869 | $1,030,721 |
| 10 | $2,277,938 | $104,662 | -$8,786 | $1,154,141 | $1,123,798 |
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.