460 E 23rd St APT 419HialeahFL33013
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid fundamentals define the investment case at 460 E 23rd St APT 419, Hialeah, FL, 33013 in Hialeah: $1,860/mo in rent, $238/mo in net income, 10.89% gross yield, 2.02 DSCR, all at $205,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $56,638 in appreciation and $1,888/yr in principal paydown projects total cumulative return of $94,593.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.9% | 6.5% |
| Monthly Cash Flow | $238 | $300 |
City averages based on Hialeah market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,860 |
| Total Monthly Debt Service | $1,540 |
| DSCR Ratio | 1.21x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1978
N/A lot
$N/A/sqft
$209 monthly HOA
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 |
Housing Distribution
Address Breakdown
Residential
8,894
Single Family
7,541
Multi-Family
1,353
Businesses
1,049
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1978
N/A lot
$N/A/sqft
$209 monthly HOA
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 |
Housing Distribution
Address Breakdown
Residential
8,894
Single Family
7,541
Multi-Family
1,353
Businesses
1,049
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices