7275 W 24th Ave APT 138HialeahFL33016
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who value predictability will appreciate 7275 W 24th Ave APT 138, Hialeah, FL, 33016 in Hialeah. At $266,800 it earns $2,534/mo in rent and distributes $392/mo to the owner after the $1,200/mo payment, a consistent 11.4% yield. DSCR 2.11 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $73,712 in value; $2,457/yr in principal paydown compounds ownership stake. Total projected return: $128,506.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.4% | 6.5% |
| Monthly Cash Flow | $392 | $300 |
City averages based on Hialeah market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,534 |
| Total Monthly Debt Service | $2,036 |
| DSCR Ratio | 1.24x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1993
871 sqft lot
$N/A/sqft
$372 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33016, Hialeah, FL area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
15,579
Single Family
12,599
Multi-Family
2,980
Businesses
3,566
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1993
871 sqft lot
$N/A/sqft
$372 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33016, Hialeah, FL area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
15,579
Single Family
12,599
Multi-Family
2,980
Businesses
3,566
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices