13248 Old Biscayne Dr APT 1102HomesteadFL33033
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 13248 Old Biscayne Dr APT 1102, Homestead, FL, 33033 uses $82,875 cash to close to unlock $5,371/yr annual cash flow and $448/mo monthly cash flow. Total monthly income runs $2,476/mo, and a $1,224/mo payment keeps the spread at $448/mo. Purchase price stands at $250,000, and rental yield measures 11.88% with $2,476/mo rent. Return on cash invested shows 26.39% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 140.13% and total cumulative return in cash records $116,134. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,476/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
$369 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33033, Homestead, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,526 (100%) |
| Owner Occupied HU | 12,717 (56.5%) |
| Renter Occupied HU | 9,219 (40.9%) |
| Vacant Housing Units | 590 ( 2.6%) |
| Median Home Value | $455,816 |
| Average Home Value | $499,751 |
Housing Distribution
Address Breakdown
Residential
21,729
Single Family
19,094
Multi-Family
2,635
Businesses
594
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Magalys Garcia Rodriguez • D House Brokerage Inc
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11706227
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.