








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Rental property for sale in Hialeah Gardens at 8851 NW 119th St UNIT 3111-3, Hialeah Gardens, FL, 33018 generates $3,294/mo in rent and, after a $1,708/mo payment, leaves $748/mo in cash flow. Total monthly income is $3,294/mo, and annual cash flow is $8,978/yr on $115,694 invested. Return on cash invested sits at 27.67% in year one, and rental yield is 11.33% on a $349,000 entry. Equity gained on principal adds $2,252/yr, while 5% annual appreciation builds toward $96,422 over five years. Five-year ROI reaches 145.94% and total cumulative return in cash sums $168,840. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,294/mo property income rather than buyer’s personal income.
Condo
Built in 1994
N/A lot
$N/A/sqft
$230 monthly HOA
Neighborhood data shown for ZIP Code: 33018, Hialeah, FL area.
| 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 |
Residential
18,558
Single Family
17,197
Multi-Family
1,361
Businesses
1,602
Date | Event | Price |
|---|---|---|
| 2025-01-27 | Listed for sale | $349,000 |
| 2023-07-07 | Sold | $320,000 |
| 2023-05-25 | Pending sale | $349,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-13 | $2383.63 | 4.29% | $159,135 | 3.00% |
| 2022-02-13 | $2285.63 | 1.17% | $154,500 | 3.00% |
| 2021-02-13 | $2259.09 | 31.43% | $150,000 | 21.21% |



Listed by: Alvaro Vargas • Lapeyre Realty Inc
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11732637
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.