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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Hialeah at 1820 W 53rd St APT 508, Hialeah, FL, 33012 uses $82,875 cash to close to unlock $22,999/yr annual cash flow and $1,917/mo monthly cash flow. Total monthly income runs $3,890/mo, and a $1,224/mo payment keeps the spread at $1,917/mo. Purchase price stands at $250,000, and rental yield measures 18.67% with $3,890/mo rent. Return on cash invested shows 47.66% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 253.91% and total cumulative return in cash records $210,430. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,890/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
$314 monthly HOA
Neighborhood data shown for ZIP Code: 33012, Hialeah, FL area.
| 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 |
Residential
24,377
Single Family
12,249
Multi-Family
12,128
Businesses
2,591
Date | Event | Price |
|---|---|---|
| 2024-08-12 | Price change | $250,000 |
| 2024-07-22 | Price change | $259,900 |
| 2024-07-07 | Listed for sale | $280,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-30 | $232.86 | 6.58% | $56,926 | 3.00% |
| 2022-08-30 | $218.49 | -0.96% | $55,268 | 3.00% |
| 2021-08-30 | $220.60 | 1.29% | $53,659 | 1.40% |
Listed by: Mitchel Afon • RE/MAX Prestige Realty/WPB
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11002151
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
