8851 NW 119th St UNIT 6101Hialeah GardensFL33018
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
Investment Highlights
Investment property for sale in Hialeah Gardens at 8851 NW 119th St UNIT 6101, Hialeah Gardens, FL, 33018 uses $89,505 cash to close to unlock $849/yr annual cash flow and $71/mo monthly cash flow. Total monthly income runs $1,863/mo, and a $1,322/mo payment keeps the spread at $71/mo. Purchase price stands at $270,000, and rental yield measures 8.28% with $1,863/mo rent. Return on cash invested shows 20.86% in year one, and 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 108.53% and total cumulative return in cash records $97,141. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,863/mo property income covering a $1,322/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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Elizabeth Fernandez • Phantom Real Estate
Mls Name: MIAMI
Mls ID: #A11933977