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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 6715 W 24th Ct APT 11-6, Hialeah, FL, 33016 offers a 14.52% rental yield on a $385,000 purchase with $4,657/mo rent. Total monthly income registers $4,657/mo, and a $1,884/mo payment leaves $1,750/mo available for distribution. Annual cash flow reaches $21,003/yr on $127,628 to close, and return on cash invested stands at 36.37% in year one. Equity gained on principal adds $2,484/yr while 5% annual appreciation supports $106,368 over five years. Portfolio math shows five-year ROI at 192.9% and total cumulative return in cash at $246,190. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,657/mo property income against a $1,884/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1984
N/A lot
$N/A/sqft
$315 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 |
|---|---|---|
| 2024-08-28 | Listed for sale | $385,000 |
| 2005-03-08 | Sold | $163,000 |
| 2003-01-14 | Sold | $102,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-30 | $3873.06 | 14.71% | $198,000 | 10.00% |
| 2022-08-30 | $3376.51 | 1.85% | $180,000 | 4.65% |
| 2021-08-30 | $3315.20 | 3.41% | $172,000 | 6.13% |
Listed by: Sandra Rathe • Keller Williams Legacy
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11648910
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.
