460 E 23rd St APT 508HialeahFL33013
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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 460 E 23rd St APT 508, Hialeah, FL, 33013 uses $74,588 cash to close to unlock $529/yr annual cash flow and $44/mo monthly cash flow. Total monthly income runs $1,537/mo, and a $1,101/mo payment keeps the spread at $44/mo. Purchase price stands at $225,000, and rental yield measures 8.2% with $1,537/mo rent. Return on cash invested shows 20.62% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 107.29% and total cumulative return in cash records $80,025. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,537/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Condo
Built in 1978
N/A lot
$N/A/sqft
No 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
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