5689 W 28th Ave #5689HialeahFL33016
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
Investment Highlights
Investment property for sale in Hialeah at 5689 W 28th Ave #5689, Hialeah, FL, 33016 offers a 11.94% rental yield on a $284,000 purchase with $2,825/mo rent. Total monthly income registers $2,825/mo, and a $1,390/mo payment leaves $940/mo available for distribution. Annual cash flow reaches $11,284/yr on $94,146 to close, and return on cash invested stands at 31.9% in year one. Equity gained on principal adds $1,833/yr while 5% annual appreciation supports $78,464 over five years. Portfolio math shows five-year ROI at 167.73% and total cumulative return in cash at $157,913. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,825/mo property income against a $1,390/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1983
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33016, Hialeah, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,550 (100%) |
| Owner Occupied HU | 8,444 (54.3%) |
| Renter Occupied HU | 6,887 (44.3%) |
| Vacant Housing Units | 219 ( 1.4%) |
| Median Home Value | $404,651 |
| Average Home Value | $550,053 |
Housing Distribution
Address Breakdown
Residential
15,579
Single Family
12,599
Multi-Family
2,980
Businesses
3,566
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices