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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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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 Homestead at 1014 S Independence Dr #1014F, Homestead, FL, 33034 generates $3,864/mo in rent and, after a $1,209/mo payment, leaves $1,834/mo in cash flow. Total monthly income is $3,864/mo, and annual cash flow is $22,008/yr on $81,881 invested. Return on cash invested sits at 46.79% in year one, and rental yield is 18.77% on a $247,000 entry. Equity gained on principal adds $1,594/yr, while 5% annual appreciation builds toward $68,242 over five years. Five-year ROI reaches 249.62% and total cumulative return in cash sums $204,388. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,864/mo property income rather than buyer’s personal income.
Townhouse
Built in 1986
N/A lot
$N/A/sqft
$298 monthly HOA
Neighborhood data shown for ZIP Code: 33034, Homestead, FL area.
| 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 |
Residential
8,092
Single Family
5,451
Multi-Family
2,641
Businesses
636
Date | Event | Price |
|---|---|---|
| 2024-04-24 | Listed for sale | $247,000 |
| 2005-09-28 | Sold | $140,000 |
| 2004-06-24 | Sold | $100,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-31 | $3311.45 | 484.54% | $156,260 | 184.29% |
| 2022-08-31 | $566.51 | -1.29% | $54,965 | 3.00% |
| 2021-08-31 | $573.94 | 0.48% | $53,365 | 1.40% |
Listed by: B. "BB" Bengochea • BP Global Realty, LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11559376
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.
