2610 W 76th St APT 210, Hialeah, FL, 33016 | $841/mo Cash Flow

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2610 W 76th St APT 210, Hialeah, FL, 33016 | $841/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

Investment property for sale in Hialeah at 2610 W 76th St APT 210, Hialeah, FL, 33016 offers a 11.63% rental yield on a $275,000 purchase with $2,666/mo rent. Total monthly income registers $2,666/mo, and a $1,346/mo payment leaves $841/mo available for distribution. Annual cash flow reaches $10,092/yr on $91,163 to close, and return on cash invested stands at 30.98% in year one. Equity gained on principal adds $1,775/yr while 5% annual appreciation supports $75,977 over five years. Portfolio math shows five-year ROI at 162.84% and total cumulative return in cash at $148,451. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,666/mo property income against a $1,346/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1995

N/A lot

$N/A/sqft

No HOA

More details about the property

Large and spacious UPDATED 2-bedroom, 1.5-bathroom condo in the heart of Hialeah. Property taxes for 2024 were extremely low at only $557. This two story condo unit is located on the second and third floors (no elevator in the building). The unit features windows and an impact-resistant sliding door. There are two assigned parking spaces. The seller will pay for the special assessment. The HOA does not hold a 10% reserve. This property is conveniently located near the Palmetto Expressway, I-75, excellent shopping options, and a wide variety of restaurants.

Neighborhood Data

Neighborhood data shown for ZIP Code: 33016, Hialeah, FL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	15,550 (100%)
Owner Occupied HU	8,444 (54.3%)
Renter Occupied HU	6,887 (44.3%)
Vacant Housing Units	219 ( 1.4%)
Median Home Value	$404,651
Average Home Value	$550,053