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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Hialeah at 606 W 81st St APT 305, Hialeah, FL, 33014 generates $3,463/mo in rent and, after a $1,077/mo payment, leaves $1,577/mo in cash flow. Total monthly income is $3,463/mo, and annual cash flow is $18,922/yr on $72,930 invested. Return on cash invested sits at 45.85% in year one, and rental yield is 18.89% on a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 245.1% and total cumulative return in cash sums $178,751. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,463/mo property income rather than buyer’s personal income.
Condo
Built in 1971
N/A lot
$N/A/sqft
$413 monthly HOA
Neighborhood data shown for ZIP Code: 33014, Hialeah, FL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,454 (100%) |
| Owner Occupied HU | 6,918 (42.0%) |
| Renter Occupied HU | 8,748 (53.2%) |
| Vacant Housing Units | 788 ( 4.8%) |
| Median Home Value | $513,421 |
| Average Home Value | $573,531 |
Residential
16,190
Single Family
9,197
Multi-Family
6,993
Businesses
2,055
Date | Event | Price |
|---|---|---|
| 2024-07-15 | Listed for sale | $220,000 |
| 2024-05-15 | Pending sale | $220,000 |
| 2024-04-13 | Listed for sale | $220,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-30 | $2113.85 | 10.26% | $99,854 | 10.00% |
| 2022-08-30 | $1917.10 | 8.29% | $90,777 | 10.00% |
| 2021-08-30 | $1770.27 | 3.53% | $82,525 | 10.00% |
Listed by: Adrian Marrero • Blue Shores Real Estate LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11568434
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
