8851 NW 119th St UNIT 2103-2Hialeah GardensFL33018
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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 Gardens at 8851 NW 119th St UNIT 2103-2, Hialeah Gardens, FL, 33018 uses $97,793 cash to close to unlock $1,431/yr annual cash flow and $119/mo monthly cash flow. Total monthly income runs $2,077/mo, and a $1,444/mo payment keeps the spread at $119/mo. Purchase price stands at $295,000, and rental yield measures 8.45% with $2,077/mo rent. Return on cash invested shows 21.37% in year one, and 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 111.31% and total cumulative return in cash records $108,854. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,077/mo property income covering a $1,444/mo payment rather than investor’s personal income.
Condo
Built in 1995
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33018, Hialeah, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,368 (100%) |
| Owner Occupied HU | 13,103 (67.7%) |
| Renter Occupied HU | 5,725 (29.6%) |
| Vacant Housing Units | 540 ( 2.8%) |
| Median Home Value | $488,748 |
| Average Home Value | $545,280 |
Housing Distribution
Address Breakdown
Residential
18,558
Single Family
17,197
Multi-Family
1,361
Businesses
1,602
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Listed by: Andrew Lorente • Black Swan Home Group LLC
Mls Name: MIAMI
Mls ID: #A11913955