460 E 23rd St APT 103, Hialeah, FL, 33013 | $120/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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460 E 23rd St APT 103, Hialeah, FL, 33013 | $120/mo Cash Flow | Ziffy

For Sale

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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 460 E 23rd St APT 103, Hialeah, FL, 33013 generates $1,693/mo in rent and, after a $1,160/mo payment, leaves $120/mo in cash flow. Total monthly income is $1,693/mo, and annual cash flow is $1,443/yr on $78,566 invested. Return on cash invested sits at 21.75% in year one, and rental yield is 8.57% on a $237,000 entry. Equity gained on principal adds $1,529/yr, while 5% annual appreciation builds toward $65,479 over five years. Five-year ROI reaches 113.33% and total cumulative return in cash sums $89,036. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,693/mo property income rather than buyer’s personal income.

Condo

Built in 1978

N/A lot

$N/A/sqft

No HOA

More details about the property

Spacious 2-bedroom, 2-bathroom corner unit located on the first floor with a large balcony. This unit includes a washer and dryer, water and cable, and a brand-new A/C. The building has successfully completed its 40-year recertification and offers no rental restrictions, making it a great opportunity for investors. The community features two swimming pools and is ideally located within walking distance of the Metro Rail and bus stop. Ongoing building renovations add even more value to this property.

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