6620 W 2nd Ct APT 407HialeahFL33012
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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 6620 W 2nd Ct APT 407, Hialeah, FL, 33012 offers a 13.05% rental yield on a $249,800 purchase with $2,716/mo rent. Total monthly income registers $2,716/mo, and a $1,223/mo payment leaves $694/mo available for distribution. Annual cash flow reaches $8,325/yr on $82,809 to close, and return on cash invested stands at 29.96% in year one. Equity gained on principal adds $1,612/yr while 5% annual appreciation supports $69,015 over five years. Portfolio math shows five-year ROI at 159.25% and total cumulative return in cash at $131,875. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,716/mo property income against a $1,223/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1972
N/A lot
$N/A/sqft
$319 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33012, Hialeah, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,567 (100%) |
| Owner Occupied HU | 12,167 (49.5%) |
| Renter Occupied HU | 11,978 (48.8%) |
| Vacant Housing Units | 422 ( 1.7%) |
| Median Home Value | $431,789 |
| Average Home Value | $455,001 |
Housing Distribution
Address Breakdown
Residential
24,377
Single Family
12,249
Multi-Family
12,128
Businesses
2,591
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Listed by: Zuleyka Candelaria Roman • Candelaria Investments Group, LLC.
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11548592
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.