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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 7211 W 24th Ave APT 2213, Hialeah, FL, 33016 uses $157,794 cash to close to unlock $1,644/yr annual cash flow and $137/mo monthly cash flow. Total monthly income runs $3,521/mo, and a $2,330/mo payment keeps the spread at $137/mo. Purchase price stands at $475,999, and rental yield measures 8.88% with $3,521/mo rent. Return on cash invested shows 20.95% in year one, and 5% annual appreciation builds toward $131,510 over five years. Five-year ROI reaches 109.62% and total cumulative return in cash records $172,976. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,521/mo property income covering a $2,330/mo payment rather than investor’s personal income.
Condo
Built in 1993
N/A lot
$N/A/sqft
$225 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 |
|---|---|---|
| 2024-08-24 | Listed for sale | $475,999 |
| 2024-08-23 | Listing removed | N/A |
| 2024-08-19 | Listed for sale | $475,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-30 | $748.73 | 10.13% | $111,101 | 3.00% |
| 2022-08-30 | $679.83 | 3.60% | $107,866 | 3.00% |
| 2021-08-30 | $656.21 | 3.25% | $104,725 | 1.40% |
Listed by: Maribel Reyes • Goldpen Realty Group
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11646942
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.
