21 E 3rd St APT 406HialeahFL33010
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 21 E 3rd St APT 406, Hialeah, FL, 33010 in Hialeah deserves attention. This $255,000 property earns $2,803/mo in rent, a 13.19% gross yield, and nets $774/mo after the $1,147/mo payment. DSCR 2.44 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $70,452 compounds alongside $2,349/yr in yearly equity build, for a total cumulative return of $148,439.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.2% | 6.5% |
| Monthly Cash Flow | $774 | $300 |
City averages based on Hialeah market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,803 |
| Total Monthly Debt Service | $1,928 |
| DSCR Ratio | 1.45x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2001
N/A lot
$N/A/sqft
$234 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33010, Hialeah, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,072 (100%) |
| Owner Occupied HU | 4,997 (29.3%) |
| Renter Occupied HU | 11,563 (67.7%) |
| Vacant Housing Units | 512 ( 3.0%) |
| Median Home Value | $452,106 |
| Average Home Value | $477,479 |
Housing Distribution
Address Breakdown
Residential
15,583
Single Family
8,723
Multi-Family
6,860
Businesses
2,033
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2001
N/A lot
$N/A/sqft
$234 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33010, Hialeah, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,072 (100%) |
| Owner Occupied HU | 4,997 (29.3%) |
| Renter Occupied HU | 11,563 (67.7%) |
| Vacant Housing Units | 512 ( 3.0%) |
| Median Home Value | $452,106 |
| Average Home Value | $477,479 |
Housing Distribution
Address Breakdown
Residential
15,583
Single Family
8,723
Multi-Family
6,860
Businesses
2,033
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joel Valencia • Keller Williams Capital Realty
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11835362
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.