2740 W 61st St APT 204, Hialeah, FL, 33016 | $787/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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2740 W 61st St APT 204, Hialeah, FL, 33016 | $787/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 2740 W 61st St APT 204, Hialeah, FL, 33016 generates $2,585/mo in rent and, after a $1,326/mo payment, leaves $787/mo in cash flow. Total monthly income is $2,585/mo, and annual cash flow is $9,446/yr on $89,803 invested. Return on cash invested sits at 30.43% in year one, and rental yield is 11.45% on a $270,900 entry. Equity gained on principal adds $1,748/yr, while 5% annual appreciation builds toward $74,845 over five years. Five-year ROI reaches 159.86% and total cumulative return in cash sums $143,564. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,585/mo property income rather than buyer’s personal income.

Condo

Built in 1987

N/A lot

$N/A/sqft

No HOA

More details about the property

THIS LITTLE GEM WILL GO FAST! FULLY REMODEL 2 BEDROOM 2 BATHS CONDO WITH IMPACT WINDOW, CUSTOM KITCHEN SHAKER CABINETS, ALL LG APPLIANCES, SS. LG E STOVE, MICROWAVE, DISHWASHER, WASHER & DRYER, AC TRAIN. KITCHEN FIXTURE WITH LED LIGHTS. CENTRALLY LOCATED NEAR MAJOR HIGHWAY, SHOPPING CENTER, DINING, AND TOP-RATED SCHOOLS. THE COMMUNITY IS WELL MAINTAINED, ONE PARKING ASSIGNED WITH ALSO A DECAL ASSIGNED, AND PLENTY OF SPACE FOR VISITORS, OFFERING A SAFE AND CONVENIENT LIFESTYLE. LOW HOW & LOW TAXES NO APPOINTMENT, COME. AND SEE THIS LOVELY UNIT BEFORE IT'S GONE!. 5% CONVENTIONAL LOAN APPLIES for PRIMARY RESIDENT.

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