1260 W 62nd StHialeahFL33012
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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
Investment Highlights
Investment property for sale in Hialeah at 1260 W 62nd St, Hialeah, FL, 33012 uses $231,945 cash to close to unlock $29,665/yr annual cash flow and $2,472/mo monthly cash flow. Total monthly income runs $7,151/mo, and a $3,451/mo payment keeps the spread at $2,472/mo. Purchase price stands at $705,000, and rental yield measures 12.17% with $7,151/mo rent. Return on cash invested shows 32.85% in year one, and 5% annual appreciation builds toward $194,779 over five years. Five-year ROI reaches 172.81% and total cumulative return in cash records $400,813. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $7,151/mo property income covering a $3,451/mo payment rather than investor’s personal income.
Single Family
Built in 1959
7,650 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33012, Hialeah, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,567 (100%) |
| Owner Occupied HU | 12,167 (49.5%) |
| Renter Occupied HU | 11,978 (48.8%) |
| Vacant Housing Units | 422 ( 1.7%) |
| Median Home Value | $431,789 |
| Average Home Value | $455,001 |
Housing Distribution
Address Breakdown
Residential
24,377
Single Family
12,249
Multi-Family
12,128
Businesses
2,591
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Listed by: Ingrid Liz Hernandez • The Lotus League, LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11622940
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.