10807 SW 232nd TerHomesteadFL33032
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 10807 SW 232nd Ter, Homestead, FL, 33032 uses $160,778 cash to close to unlock $4,671/yr annual cash flow and $389/mo monthly cash flow. Total monthly income runs $3,608/mo, and a $2,374/mo payment keeps the spread at $389/mo. Purchase price stands at $485,000, and rental yield measures 8.93% with $3,608/mo rent. Return on cash invested shows 22.81% in year one, and 5% annual appreciation builds toward $133,997 over five years. Five-year ROI reaches 119.02% and total cumulative return in cash records $191,354. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,608/mo property income covering a $2,374/mo payment rather than investor’s personal income.
Townhouse
Built in 2022
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33032, Homestead, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,338 (100%) |
| Owner Occupied HU | 13,054 (58.4%) |
| Renter Occupied HU | 7,756 (34.7%) |
| Vacant Housing Units | 1,528 ( 6.8%) |
| Median Home Value | $469,560 |
| Average Home Value | $516,494 |
Housing Distribution
Address Breakdown
Residential
21,886
Single Family
18,575
Multi-Family
3,311
Businesses
604
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices