12401 W Okeechobee Rd #423Hialeah GardenFL33018
INVESTMENT ANALYSIS
Investment Verdict
Solid Income12401 W Okeechobee Rd #423, Hialeah Garden, FL, 33018 in Hialeah Garden carries a 1.73 coverage ratio, rent of $1,168/mo is 1.73 times the $674/mo payment. Rental yield 9.34%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $150,000 acquisition price. No U.S. credit or income documentation required.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 6.0% |
| Monthly Cash Flow | $(974) | $300 |
City averages based on Hialeah Garden market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,168 |
| Total Monthly Debt Service | $2,083 |
| DSCR Ratio | 0.56x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 2007
4.81 Acres lot
$N/A/sqft
$1,147 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33018, Hialeah, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,368 (100%) |
| Owner Occupied HU | 13,103 (67.7%) |
| Renter Occupied HU | 5,725 (29.6%) |
| Vacant Housing Units | 540 ( 2.8%) |
| Median Home Value | $488,748 |
| Average Home Value | $545,280 |
Housing Distribution
Address Breakdown
Residential
18,558
Single Family
17,197
Multi-Family
1,361
Businesses
1,602
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Manufactured
Built in 2007
4.81 Acres lot
$N/A/sqft
$1,147 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33018, Hialeah, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,368 (100%) |
| Owner Occupied HU | 13,103 (67.7%) |
| Renter Occupied HU | 5,725 (29.6%) |
| Vacant Housing Units | 540 ( 2.8%) |
| Median Home Value | $488,748 |
| Average Home Value | $545,280 |
Housing Distribution
Address Breakdown
Residential
18,558
Single Family
17,197
Multi-Family
1,361
Businesses
1,602
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A