11239 SW 243rd TerHomesteadFL33032
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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 11239 SW 243rd Ter, Homestead, FL, 33032 uses $197,071 cash to close to unlock $981/yr annual cash flow and $82/mo monthly cash flow. Total monthly income runs $4,057/mo, and a $2,932/mo payment keeps the spread at $82/mo. Purchase price stands at $599,000, and rental yield measures 8.13% with $4,057/mo rent. Return on cash invested shows 20.56% in year one, and 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 106.88% and total cumulative return in cash records $210,634. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,057/mo property income covering a $2,932/mo payment rather than investor’s personal income.
Single Family
Built in 2006
6,262 sqft 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
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