3830 W 9th Way UNIT #4HialeahFL33012
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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
Investment Highlights
Investment property for sale in Hialeah at 3830 W 9th Way UNIT #4, Hialeah, FL, 33012 uses $129,285 cash to close to unlock $9,357/yr annual cash flow and $780/mo monthly cash flow. Total monthly income runs $3,533/mo, and a $1,909/mo payment keeps the spread at $780/mo. Purchase price stands at $390,000, and rental yield measures 10.87% with $3,533/mo rent. Return on cash invested shows 27.15% in year one, and 5% annual appreciation builds toward $107,750 over five years. Five-year ROI reaches 142.8% and total cumulative return in cash records $184,616. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,533/mo property income covering a $1,909/mo payment rather than investor’s personal income.
Condo
Built in 1979
N/A lot
$N/A/sqft
$165 monthly HOA
More details about the property
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 |
Housing Distribution
Address Breakdown
Residential
24,377
Single Family
12,249
Multi-Family
12,128
Businesses
2,591
Price History
Date | Event | Price |
|---|---|---|
| 2024-11-18 | Listed for sale | $390,000 |
| 2014-01-08 | Sold | $155,000 |
| 2013-09-11 | Listing removed | $155,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-12-24 | $2275.79 | 4.24% | $162,329 | 3.00% |
| 2022-12-24 | $2183.15 | 1.04% | $157,601 | 3.00% |
| 2021-12-24 | $2160.71 | 1.53% | $153,011 | 1.40% |
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Facts & Features
General Information
- Type: Condo
- Year Built: 1979
- Architectural Style: N/A
- Building Area: N/A
- Living Area: 2,010 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Central, Electric
- Cooling: Ceiling Fan(s), Central Air, Electric
- Flooring: Ceramic Tile, Laminate, Other
- Interior Features: Split Bedroom, Stacked Bedroom
- Exterior Features: Courtyard
- Parking Features: 2 Or More Spaces, Assigned, On Street, Attached, No Rv/Boats, No Trucks/Trailers, Converted Garage
Location
HOA & Fees
- HOA Fee: $165 monthly
- Association Fee: $165 monthly
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Cable Available
- Sewer: N/A
- Water Source: N/A
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Attila Juhasz • LoKation
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10471658
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.