440 E 23rd St APT 1416, Hialeah, FL, 33013 | $467/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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440 E 23rd St APT 1416, Hialeah, FL, 33013 | $467/mo Cash Flow | Ziffy

For Sale

Currently Rented

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 440 E 23rd St APT 1416, Hialeah, FL, 33013 uses $69,582 cash to close to unlock $5,609/yr annual cash flow and $467/mo monthly cash flow. Total monthly income runs $1,860/mo, and a $1,027/mo payment keeps the spread at $467/mo. Purchase price stands at $209,900, and rental yield measures 10.63% with $1,860/mo rent. Return on cash invested shows 27.97% in year one, and 5% annual appreciation builds toward $57,992 over five years. Five-year ROI reaches 146.67% and total cumulative return in cash records $102,056. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,860/mo property income covering a $1,027/mo payment rather than investor’s personal income.

Condo

Built in 1979

N/A lot

$N/A/sqft

No HOA

More details about the property

Great opportunity to own a spacious one-bedroom 2 bathrooms apartment in the heart of Hialeah! large balcony, in-unit washer and dryer, a newer A/C, The building passed the 40-year certification inspection. Assessment already paid by the seller. Unit rented to a great tenant for $1,600.00 per month, great for investor or first time buyer. Close to everything.

Neighborhood Data

Neighborhood data shown for ZIP Code: 33013, Hialeah, FL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,808 (100%)
Owner Occupied HU	5,765 (58.8%)
Renter Occupied HU	3,713 (37.9%)
Vacant Housing Units	330 ( 3.4%)
Median Home Value	$470,628
Average Home Value	$511,142