1855 W 62nd St #E-306HialeahFL33012
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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
Rental property for sale in Hialeah at 1855 W 62nd St #E-306, Hialeah, FL, 33012 generates $1,839/mo in rent and, after a $1,273/mo payment, leaves $113/mo in cash flow. Total monthly income is $1,839/mo, and annual cash flow is $1,358/yr on $86,187 invested. Return on cash invested sits at 21.48% in year one, and rental yield is 8.49% on a $259,990 entry. Equity gained on principal adds $1,678/yr, while 5% annual appreciation builds toward $71,830 over five years. Five-year ROI reaches 111.92% and total cumulative return in cash sums $96,458. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,839/mo property income rather than buyer’s personal income.
Condo
Built in 1973
N/A 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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