1022 SE 23rd AveHomesteadFL33035
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 Homestead at 1022 SE 23rd Ave, Homestead, FL, 33035 listed at $398,499 pairs $4,980/mo rent with a $1,950/mo payment to leave $1,824/mo cash flow. Total monthly income runs $4,980/mo, and annual cash flow reaches $21,892/yr on $132,102 cash to close. Return on cash invested measures 36.48% in year one, and rental yield registers 15% at a $398,499 basis. Equity gained on principal adds $2,571/yr, and annual property appreciation at 5% supports $110,098 by year five. Five-year ROI tracks 194% and total cumulative return in cash totals $256,273. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,980/mo property income relative to a $1,950/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2021
N/A lot
$N/A/sqft
$140 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33035, Homestead, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,268 (100%) |
| Owner Occupied HU | 3,713 (51.1%) |
| Renter Occupied HU | 3,102 (42.7%) |
| Vacant Housing Units | 453 ( 6.2%) |
| Median Home Value | $441,016 |
| Average Home Value | $516,471 |
Housing Distribution
Address Breakdown
Residential
6,779
Single Family
4,525
Multi-Family
2,254
Businesses
34
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael Alvarez • Real Estate Empire Group, Inc.
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11530095
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.