1810 W 56th St APT 3204, Hialeah, FL, 33012 | $20/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1810 W 56th St APT 3204, Hialeah, FL, 33012 | $20/mo Cash Flow | Ziffy

For Sale

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NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Hialeah at 1810 W 56th St APT 3204, Hialeah, FL, 33012 uses $71,272 cash to close to unlock $234/yr annual cash flow and $20/mo monthly cash flow. Total monthly income runs $1,446/mo, and a $1,052/mo payment keeps the spread at $20/mo. Purchase price stands at $214,999, and rental yield measures 8.07% with $1,446/mo rent. Return on cash invested shows 20.24% in year one, and 5% annual appreciation builds toward $59,400 over five years. Five-year ROI reaches 105.21% and total cumulative return in cash records $74,989. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,446/mo property income covering a $1,052/mo payment rather than investor’s personal income.

Condo

Built in 1973

N/A lot

$N/A/sqft

No HOA

More details about the property

Palm East Gardens Condo Spacious 2-bedroom, 1-bath unit offering 998 sq. ft. of comfortable living. This home features a brand-new A/C and updated electrical panel. Inside, youll find tile and laminate flooring throughout, a walk-in closet, and a neutral color palette that complements any style. The kitchen is designed with white cabinetry and stainless steel appliances, while the private screened balcony provides the perfect spot. Additional conveniences include community laundry facilities and a low HOA fee. Financing available with 25% down conventional. No rentals allowed during the first 2 years of ownership. SA paid in full for incoming Fire Alarm System and Elevator. Ideally located in the heart of Hialeah, close to Palmetto Hospital, Palmetto Expressway, and Westland Mall

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