15505 N Miami Lakeway N #201HialeahFL33014
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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 15505 N Miami Lakeway N #201, Hialeah, FL, 33014 uses $116,025 cash to close to unlock $7,565/yr annual cash flow and $630/mo monthly cash flow. Total monthly income runs $2,953/mo, and a $1,713/mo payment keeps the spread at $630/mo. Purchase price stands at $350,000, and rental yield measures 10.12% with $2,953/mo rent. Return on cash invested shows 26.43% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 138.41% and total cumulative return in cash records $160,586. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,953/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33014, Hialeah, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,454 (100%) |
| Owner Occupied HU | 6,918 (42.0%) |
| Renter Occupied HU | 8,748 (53.2%) |
| Vacant Housing Units | 788 ( 4.8%) |
| Median Home Value | $513,421 |
| Average Home Value | $573,531 |
Housing Distribution
Address Breakdown
Residential
16,190
Single Family
9,197
Multi-Family
6,993
Businesses
2,055
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