383 E 4th Ave #8 · Hialeah, FL 33010

$149,900

1 bd · 1.0 ba · 800 sqft · Condo · 233 Days on market

Built 1949 $230/mo HOA · 13% of rent

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +20.3/30.0
• ARV discount +7.5/15.0
• 1% rule +7.1/10.0
• DSCR +6.5/10.0
• Schools +4.2/10.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

EXCELLENT OPPORTUNITY TO OWN A 1 BED/1 BATH IN CENTRALLY LOCATED IN HIALEAH COMPLEX NEAR TO AIRPORT, SHOPPING CENTERS, SCHOOLS AND RESTAURANTS. THIS IS A CO-OP, NOT CONDOMINIUM, WASHER AND DRYER IN UNIT

Key facts

• Washer and dryer
• Corner unit location
• New water heater

Tags

• NEW A/C
• NEW WATER HEATER
• WASHER AND DRYER
• CORNER UNIT LOCATION
• NEW ROOF
• LOW MAINTENANCE

Property features AI

Finance

• Financial info: Pets allowed with restrictions or conditions
• HOA & community: Monthly association fee of $230; HOA covers common areas, insurance, grounds maintenance, structure maintenance, parking, roof, sewer, trash and water

Exterior

• Parking: Guest parking; One assigned space
• Security: Smoke detectors
• Utilities: Public water and sewer; Electric service
• Home design: Attached property; 2 stories; Entry on second floor
• Construction: Block construction; Year built unknown
• Exterior features: Complex is fenced; Smoke detectors

Interior

• Kitchen: Electric range; Microwave; Refrigerator
• Flooring: Tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Second-floor entry; Other interior features
• Laundry & utility: Washer; Dryer; Electric water heater

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $150k.

Deal economics

• At list price, monthly cash flow is $193 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $132k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.8% vs local median 3.5% in Hialeah — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 74/100 on livability (#288 in FL, #4,774 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, health & safety A+; Watch: amenities F, employment D-.
• Miami-Dade (suburban): math 45% / reading 54% proficiency, ranked #40 of 73 in FL (top 55%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents soft (-0.4%/yr); 73 active listings in the ZIP; 10,051 units permitted in Miami-Dade County in 2024 (7,758 in 5+ unit buildings).
• At $1,809/mo this rent would consume 47% of the median local household income ($47k/yr) (locally 3334% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Miami-Dade County population projected at +28% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 233 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 6y ago; this cycle's ask has dropped $29k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $110k; 37% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1949 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→31/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $131,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 233 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1949 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.21% ✓
• Cap rate: 7.84%
• Cash-on-cash: 5.52%
• DSCR: 1.25
• GRM: 6.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -11.7%
• Equity multiple: 0.59×
• Total profit: $-17,141
• Equity at exit: $22,351

10-year hold

• IRR: -8.6%
• Equity multiple: 0.55×
• Total profit: $-18,965
• Equity at exit: $12,961

Cash invested: $41,972 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 33010

• Rents YoY: -0.4%
• Active inventory: 73
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $1,809 medium
• Mortgage (P&I): −$786
• Tax from tax record: −$157 /mo · $1,888/yr
• Insurance: −$62
• HOA: −$230
• Vacancy / Maint / Mgmt: −$380
• Net cashflow: $193

Break-even live

Break-even rent $1,564

Max offer price $149,900

Occupancy floor 84%

Sensitivity live

Price	-10% $278	-5% $236	+0% $193	+5% $151	+10% $108
Rent	-10% $50	-5% $122	+0% $193	+5% $265	+10% $336
Rate	-1.0pp $269	-0.5pp $231	base $193	+0.5pp $154	+1.0pp $115

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $230 · $2,760/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 28 events

1. 2026-06-21
   pricedays on market $149,900 Active 233 DOM
2. 2026-06-18
   days on market $154,900 Active 230 DOM
3. 2026-06-17
   days on market $154,900 Active 229 DOM
4. 2026-06-16
   days on market $154,900 Active 228 DOM
5. 2026-06-15
   days on market $154,900 Active 227 DOM
6. 2026-06-13
   pricedays on market $154,900 Active 225 DOM
7. 2026-06-09
   days on market $159,000 Active 221 DOM
8. 2026-06-08
   days on market $159,000 Active 220 DOM
9. 2026-06-08
   days on market $159,000 Active 219 DOM
10. 2026-06-04
    days on market $159,000 Active 216 DOM
11. 2026-06-03
    days on market $159,000 Active 215 DOM
12. 2026-06-02
    days on market $159,000 Active 214 DOM
13. 2026-06-01
    days on market $159,000 Active 213 DOM
14. 2026-05-31
    days on market $159,000 Active 212 DOM
15. 2026-05-11
    price $159,000
16. 2026-04-27
    price $165,000
17. 2026-03-10
    price $170,000
18. 2026-03-10
    status Active
19. 2025-11-09
    historical
20. 2025-09-20
    status Active
21. 2025-09-20
    price $175,000
22. 2025-07-16
    status Active
23. 2025-02-02
    listed $179,000 Active
24. 2024-04-17
    listed $169,000 Active
25. 2020-12-01
    soldstatus $109,687 Closed 202-char remark

    Show marketing remark (202 chars)

    EXCELLENT OPPORTUNITY TO OWN A 1 BED/1 BATH IN CENTRALLY LOCATED IN HIALEAH COMPLEX NEAR TO AIRPORT, SHOPPING CENTERS, SCHOOLS AND RESTAURANTS. THIS IS A CO-OP, NOT CONDOMINIUM, WASHER AND DRYER IN UNIT

26. 2020-10-24
    status Pending 202-char remark

    Show marketing remark (202 chars)

    EXCELLENT OPPORTUNITY TO OWN A 1 BED/1 BATH IN CENTRALLY LOCATED IN HIALEAH COMPLEX NEAR TO AIRPORT, SHOPPING CENTERS, SCHOOLS AND RESTAURANTS. THIS IS A CO-OP, NOT CONDOMINIUM, WASHER AND DRYER IN UNIT

27. 2020-10-23
    listed $118,000 Active 202-char remark

    Show marketing remark (202 chars)

    EXCELLENT OPPORTUNITY TO OWN A 1 BED/1 BATH IN CENTRALLY LOCATED IN HIALEAH COMPLEX NEAR TO AIRPORT, SHOPPING CENTERS, SCHOOLS AND RESTAURANTS. THIS IS A CO-OP, NOT CONDOMINIUM, WASHER AND DRYER IN UNIT

28. 2013-01-14
    soldstatus $40,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $1,888 · $157/mo
• Projected year-2 tax: $1,888 · $157/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥105°F today · 31 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,706
• − Mortgage interest: −$8,397
• − Property taxes: −$1,888
• − Insurance: −$750
• − Repairs & maintenance: −$1,736
• − Management: −$1,736
• − HOA: −$2,760
• − Depreciation: −$4,361
• Taxable income: $78
• Est. tax owed @ 24.0%: −$19
• After-tax cash flow: $2,299/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Miami-Dade
• NCES district ID: 1200390
• Math proficiency: 45% ▼ -16.00%
• Reading proficiency: 54% ▼ -5.00%
• Median HH income: $43,928
• Composite: 41.76/100
• National rank: #3397
• State rank: #40 of 73 in FL

Livability — Hialeah

• Score: 74/100
• State rank: #288
• US rank: #4774

Category grades

Amenities F Commute A+ Cost of living B- Crime C Employment D- Housing B- Health & safety A+ User ratings A-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hialeah, FL
• County: Miami-Dade County · 2,697,751 people
• City population: 315,776
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 41,701
• Household income: $46,553
• Rent vs Own: 69.7% rent · 30.3% own
• Severe rent burden: 3334.0

Population outlook (Miami-Dade County) Hauer SSP2

• Today (2025): 3,126,439 people
• By 2030: 3,325,765 · +6.4%
• By 2040: 3,697,561 · +18.3%
• By 2050: 4,012,134 · +28.3%
• By 2075: 4,605,612 · +47.3%
• By 2100: 4,866,598 · +55.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (94%)
• Race & ethnicity: Hispanic / Latino 94% Two or more races 53% White 3% Black 2%
• Hispanic origin (detail): Puerto Rican 2% Cuban 76%
• Foreign-born: 78% · Canada, Jamaica
• Languages at home: 8% English-only · Spanish 91%

Political lean MEDSL · Miami-Dade

• 2024 margin: R (+11.4) · D 43.9% · R 55.4%
• 2008→2024 swing: -27.6pp toward R · 2008: 16.1pp · 2024: -11.4pp
• All cycles: 2024: R+11.4 2020: D+7.3 2016: D+29.6 2012: D+23.7 2008: D+16.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -316.99%
• Current HPI: 430.4619
• Rent YoY: ▼ -0.40%
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+297.5% since first listed

14 events — show timeline

• 2026-05-11 Price Changed $159,000 MARMLS
• 2026-04-27 Price Changed $165,000 MARMLS
• 2026-03-10 Price Changed $170,000 MARMLS
• 2026-03-10 Relisted — MARMLS
• 2025-11-09 Listing Removed — MARMLS
• 2025-09-20 Relisted — MARMLS
• 2025-09-20 Price Changed $175,000 MARMLS
• 2025-07-16 Relisted — MARMLS
• 2025-02-02 Listed $179,000 MARMLS
• 2024-04-17 Listed $169,000 MARMLS
• 2020-12-01 Sold (MLS) $109,687 MARMLS
• 2020-10-24 Pending — MARMLS
• 2020-10-23 Listed $118,000 MARMLS
• 2013-01-14 Sold (MLS) $40,000 MARMLS

Property tax history

+6.9%/yr

Latest (2025): $1,888 · -7.2% YoY. Source: county tax records.