12744 SW 261st 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 12744 SW 261st Ter, Homestead, FL, 33032 uses $202,335 cash to close to unlock $23,830/yr annual cash flow and $1,986/mo monthly cash flow. Total monthly income runs $6,067/mo, and a $3,010/mo payment keeps the spread at $1,986/mo. Purchase price stands at $615,000, and rental yield measures 11.84% with $6,067/mo rent. Return on cash invested shows 31.84% in year one, and 5% annual appreciation builds toward $169,913 over five years. Five-year ROI reaches 167.36% and total cumulative return in cash records $338,633. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,067/mo property income covering a $3,010/mo payment rather than investor’s personal income.
Single Family
Built in 1975
10,014 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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Listed by: Miguel Rodriguez • Globalwide Realty LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11644376
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.