11849 SW 247th 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
Rental property for sale in Homestead at 11849 SW 247th Ter, Homestead, FL, 33032 generates $3,127/mo in rent and, after a $2,011/mo payment, leaves $400/mo in cash flow. Total monthly income is $3,127/mo, and annual cash flow is $4,804/yr on $136,213 invested. Return on cash invested sits at 23.44% in year one, and rental yield is 9.13% on a $410,900 entry. Equity gained on principal adds $2,651/yr, while 5% annual appreciation builds toward $113,524 over five years. Five-year ROI reaches 122.35% and total cumulative return in cash sums $166,662. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,127/mo property income rather than buyer’s personal income.
Single Family
Built in 2022
1,796 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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