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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% |
Investment property for sale in Hialeah at 6111 W 24th Ct APT 103-12, Hialeah, FL, 33016 uses $112,710 cash to close to unlock $2,650/yr annual cash flow and $221/mo monthly cash flow. Total monthly income runs $2,825/mo, and a $1,664/mo payment keeps the spread at $221/mo. Purchase price stands at $340,000, and rental yield measures 9.97% with $2,825/mo rent. Return on cash invested shows 22.26% in year one, and 5% annual appreciation builds toward $93,936 over five years. Five-year ROI reaches 117.38% and total cumulative return in cash records $132,294. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,825/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Condo
Built in 1986
N/A lot
$N/A/sqft
$280 monthly HOA
Neighborhood data shown for ZIP Code: 33016, Hialeah, FL area.
| 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 |
Residential
15,579
Single Family
12,599
Multi-Family
2,980
Businesses
3,566
Date | Event | Price |
|---|---|---|
| 2024-12-03 | Listed for sale | $340,000 |
| 2018-09-14 | Sold | $175,000 |
| 2018-08-17 | Pending sale | $170,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-13 | $3840.43 | 19.11% | $187,804 | 10.00% |
| 2022-02-13 | $3224.18 | 7.07% | $170,731 | 10.00% |
| 2021-02-13 | $3011.15 | 10.42% | $155,210 | 10.00% |
Listed by: Carlos Cardenas PA • The Cardenas Group Realty
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11703432
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.
