1890 W 56th St APT 1423, Hialeah, FL, 33012 | $118/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1890 W 56th St APT 1423, Hialeah, FL, 33012 | $118/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

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

Rental property for sale in Hialeah at 1890 W 56th St APT 1423, Hialeah, FL, 33012 generates $1,877/mo in rent and, after a $1,297/mo payment, leaves $118/mo in cash flow. Total monthly income is $1,877/mo, and annual cash flow is $1,422/yr on $87,848 invested. Return on cash invested sits at 21.53% in year one, and rental yield is 8.5% on a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 112.14% and total cumulative return in cash sums $98,511. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,877/mo property income rather than buyer’s personal income.

Condo

Built in 1973

N/A lot

$N/A/sqft

No HOA

More details about the property

This stunning 2/1 condo, located near Westland Mall and local schools. Central A/C, new water heater, ceiling fans in all bedrooms, partially furnished to include, full living, dining, and bedroom furniture. All framed artwork throughout the living area. All kitchen appliances, kitchen utensils- pots, pans, microwave oven, toaster oven, blender, glass wear. Great for a family that is starting out. Emotion support pets welcomed. Tile through out living area and stylish Berber carpet in the bedrooms for that cozy feeling of home. Commercial washer and dryer size appliances located on the first floor. Access to pool and tennis racket courts. Recreation room available for get togethers. 2 covered assigned private parking spaces. **Special Assessment paid in full**

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