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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Hialeah at 2775 W 62nd Pl APT 107, Hialeah, FL, 33016 uses $120,998 cash to close to unlock $2,259/yr annual cash flow and $188/mo monthly cash flow. Total monthly income runs $2,825/mo, and a $1,786/mo payment keeps the spread at $188/mo. Purchase price stands at $365,000, and rental yield measures 9.29% with $2,825/mo rent. Return on cash invested shows 21.78% in year one, and 5% annual appreciation builds toward $100,843 over five years. Five-year ROI reaches 114.24% and total cumulative return in cash records $138,223. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,825/mo property income covering a $1,786/mo payment rather than investor’s personal income.
Condo
Built in 1986
N/A lot
$N/A/sqft
$215 monthly HOA
Neighborhood data shown for ZIP Code: 33016, Hialeah, FL area.
| 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 |
Residential
15,579
Single Family
12,599
Multi-Family
2,980
Businesses
3,566
Date | Event | Price |
|---|---|---|
| 2024-07-31 | Listed for sale | $365,000 |
| 2024-06-26 | Listing removed | N/A |
| 2024-06-11 | Listed for sale | $365,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-30 | $1858.22 | 4.51% | $140,080 | 3.00% |
| 2022-08-30 | $1777.95 | -27.37% | $136,000 | 7.09% |
| 2021-08-30 | $2447.85 | -2.19% | $127,000 | -1.93% |
Listed by: Lucy Elias • La Rosa Realty Kendall, LLC.
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11603709
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.
