1024 S Independence Dr #1024HHomesteadFL33034
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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 1024 S Independence Dr #1024H, Homestead, FL, 33034 offers a 10.84% rental yield on a $262,990 purchase with $2,376/mo rent. Total monthly income registers $2,376/mo, and a $1,287/mo payment leaves $181/mo available for distribution. Annual cash flow reaches $2,175/yr on $87,181 to close, and return on cash invested stands at 22.4% in year one. Equity gained on principal adds $1,697/yr while 5% annual appreciation supports $72,659 over five years. Portfolio math shows five-year ROI at 119.09% and total cumulative return in cash at $103,820. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,376/mo property income against a $1,287/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1986
N/A lot
$N/A/sqft
$394 monthly 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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Listed by: Kimberly Green • Keys Gate Realty, Inc.
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11704066
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.