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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% |
Investment property for sale in Homestead at 1140 Independence Trl APT J, Homestead, FL, 33034 uses $77,538 cash to close to unlock $20,119/yr annual cash flow and $1,677/mo monthly cash flow. Total monthly income runs $3,631/mo, and a $1,145/mo payment keeps the spread at $1,677/mo. Purchase price stands at $233,900, and rental yield measures 18.63% with $3,631/mo rent. Return on cash invested shows 45.86% in year one, and 5% annual appreciation builds toward $64,622 over five years. Five-year ROI reaches 244.86% and total cumulative return in cash records $189,859. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,631/mo property income covering a $1,145/mo payment rather than investor’s personal income.
Condo
Built in 1986
N/A lot
$N/A/sqft
$402 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 |
|---|---|---|
| 2024-08-19 | Price change | $233,900 |
| 2024-07-21 | Price change | $234,999 |
| 2024-06-28 | Listed for sale | $245,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-31 | $284.77 | 6.23% | $64,675 | 3.00% |
| 2022-08-31 | $268.08 | -1.37% | $62,792 | 3.00% |
| 2021-08-31 | $271.80 | 0.98% | $60,964 | 1.40% |
Listed by: Louis Chavarri • Lifestyle International Realty
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11566804
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.
