11705 SW 242nd 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 11705 SW 242nd Ter, Homestead, FL, 33032 uses $205,625 cash to close to unlock $22,205/yr annual cash flow and $1,850/mo monthly cash flow. Total monthly income runs $6,509/mo, and a $3,059/mo payment keeps the spread at $1,850/mo. Purchase price stands at $625,000, and rental yield measures 12.5% with $6,509/mo rent. Return on cash invested shows 30.86% in year one, and 5% annual appreciation builds toward $172,676 over five years. Five-year ROI reaches 163.21% and total cumulative return in cash records $335,605. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,509/mo property income covering a $3,059/mo payment rather than investor’s personal income.
Single Family
Built in 2018
6,466 sqft lot
$N/A/sqft
$72 monthly 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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Listed by: Ivonne Rivera • EXP Realty LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11587127
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.