1002 Adams Ave #1002EHomesteadFL33034
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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 Homestead at 1002 Adams Ave #1002E, Homestead, FL, 33034 uses $72,897 cash to close to unlock $1,272/yr annual cash flow and $106/mo monthly cash flow. Total monthly income runs $1,565/mo, and a $1,076/mo payment keeps the spread at $106/mo. Purchase price stands at $219,900, and rental yield measures 8.54% with $1,565/mo rent. Return on cash invested shows 21.65% in year one, and 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 112.85% and total cumulative return in cash records $82,264. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,565/mo property income covering a $1,076/mo payment rather than investor’s personal income.
Condo
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33034, Homestead, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,884 (100%) |
| Owner Occupied HU | 4,205 (47.3%) |
| Renter Occupied HU | 4,271 (48.1%) |
| Vacant Housing Units | 408 ( 4.6%) |
| Median Home Value | $325,349 |
| Average Home Value | $418,352 |
Housing Distribution
Address Breakdown
Residential
8,092
Single Family
5,451
Multi-Family
2,641
Businesses
636
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