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$232,500

For Sale - Active
1000 W 28th St Apt 15, Hialeah, FL 33010
2 Beds
2 Baths
829 Square Feet
0.00 Acres Lot
Built in 1969
For Sale - Active
Units n/a
Checked: 10 hours ago
Updated: Sep 27, 2025 at 10:23AM

Investment Summary


Monthly Cash Flow
-$527
Cap Rate
3.4%
Cash-on-Cash Return
-11.8%
Debt Coverage Ratio
0.56
Internal Rate of Return (5 years)
-7.5%

Property Description


0.00 Acres Lot
Built in 1969
For Sale - Active
Units n/a

Welcome to your next smart investment or perfect first home! This beautifully remodeled 2-bedroom, 1.5-bathroom apartment offers a seamless blend of style, comfort, and convenience. Recently updated with modern finishes and thoughtful details throughout, the unit exudes contemporary charm and functional design.Located just minutes from major highways and key transit routes, this property provides easy access to everything the city has to offer whether you're commuting, shopping, or enjoying local dining and entertainment. The updated bathrooms feature stylish fixtures and a fresh, clean aesthetic.

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Location


Property Details


Parking

  • Description: Other
  • Details: Attached, Garage, None
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Partial): 1
  • # of Baths (Total): 2.0

Interior Features

  • # of Stories: 2

HOA

  • Has HOA: Yes
  • HOA Fee: $346/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 0430120410150
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Style: None
  • Year Built: 1969

Tax Information

  • Annual Tax: $2,784

Utilities

  • Heating: Central, Electric, Other
  • Cooling: Other

Location

  • County: Miami Dade

Listing Details


Listed by:
Mayelin Ortega Gonzalez
Universal Realty Group, LLC.
(786) 781-3118

Source:
MIAMI REALTORS MLS
MLS#: A11830654
MIAMI REALTORS MLS

Investment Summary


Monthly Cash Flow
-$527
Cap Rate
3.4%
Cash-on-Cash Return
-11.8%
Debt Coverage Ratio
0.56
Internal Rate of Return (5 years)
-7.5%

Purchase Details

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Purchase price:
$232,500
Amount financed:
-$186,000
Down payment:
$46,500
Closing costs:
$6,975
Rehab costs:
$0
Initial cash invested:
$53,475
Square feet:
829
Cost per square foot:
$280
Monthly rent per square foot:
$2.17

Financing Details

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Loan amount:
$186,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,191
Property tax:
$232
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,549

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (13%)
13%-$232-$2,784
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (19%)
19%-$346-$4,152
Total operating expenses: (57%)
57%-$1,028-$12,336

Cash Flow


Monthly Yearly
Net operating income:
$664 $7,968
Mortgage payments:
-$1,191 -$14,292
Cash flow:
-$527 -$6,324