1245 W 24th St APT 121HialeahFL33010
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid fundamentals define the investment case at 1245 W 24th St APT 121, Hialeah, FL, 33010 in Hialeah: $2,134/mo in rent, $500/mo in net income, 12.55% gross yield, 2.33 DSCR, all at $204,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $56,361 in appreciation and $1,879/yr in principal paydown projects total cumulative return of $111,196.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.6% | 6.5% |
| Monthly Cash Flow | $500 | $300 |
City averages based on Hialeah market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,134 |
| Total Monthly Debt Service | $1,553 |
| DSCR Ratio | 1.37x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Condo
Built in 1971
N/A lot
$N/A/sqft
$250 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33010, Hialeah, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,072 (100%) |
| Owner Occupied HU | 4,997 (29.3%) |
| Renter Occupied HU | 11,563 (67.7%) |
| Vacant Housing Units | 512 ( 3.0%) |
| Median Home Value | $452,106 |
| Average Home Value | $477,479 |
Housing Distribution
Address Breakdown
Residential
15,583
Single Family
8,723
Multi-Family
6,860
Businesses
2,033
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
Condo
Built in 1971
N/A lot
$N/A/sqft
$250 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33010, Hialeah, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,072 (100%) |
| Owner Occupied HU | 4,997 (29.3%) |
| Renter Occupied HU | 11,563 (67.7%) |
| Vacant Housing Units | 512 ( 3.0%) |
| Median Home Value | $452,106 |
| Average Home Value | $477,479 |
Housing Distribution
Address Breakdown
Residential
15,583
Single Family
8,723
Multi-Family
6,860
Businesses
2,033
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices