1250 SE 29th St UNIT 105-58HomesteadFL33035
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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 1250 SE 29th St UNIT 105-58, Homestead, FL, 33035 uses $79,527 cash to close to unlock $6,674/yr annual cash flow and $556/mo monthly cash flow. Total monthly income runs $2,148/mo, and a $1,174/mo payment keeps the spread at $556/mo. Purchase price stands at $239,900, and rental yield measures 10.74% with $2,148/mo rent. Return on cash invested shows 28.3% in year one, and 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 148.49% and total cumulative return in cash records $118,087. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,148/mo property income covering a $1,174/mo payment rather than investor’s personal income.
Condo
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33035, Homestead, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,268 (100%) |
| Owner Occupied HU | 3,713 (51.1%) |
| Renter Occupied HU | 3,102 (42.7%) |
| Vacant Housing Units | 453 ( 6.2%) |
| Median Home Value | $441,016 |
| Average Home Value | $516,471 |
Housing Distribution
Address Breakdown
Residential
6,779
Single Family
4,525
Multi-Family
2,254
Businesses
34
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