1349 NW 3rd Ave, Homestead, FL, 33034 | $1,230/mo Cash Flow

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NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Homestead at 1349 NW 3rd Ave, Homestead, FL, 33034 offers a 11.27% rental yield on a $445,990 purchase with $4,190/mo rent. Total monthly income registers $4,190/mo, and a $2,183/mo payment leaves $1,230/mo available for distribution. Annual cash flow reaches $14,763/yr on $147,846 to close, and return on cash invested stands at 29.89% in year one. Equity gained on principal adds $2,878/yr while 5% annual appreciation supports $123,219 over five years. Portfolio math shows five-year ROI at 157% and total cumulative return in cash at $232,111. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,190/mo property income against a $2,183/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Townhouse

Built in 2024

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to Palm Cay, a new townhome community nestled in the heart of Florida City, where relaxation meets excitement. Experience the epitome of luxurious living in one of our five meticulously designed townhome layouts, each boasting spacious interiors and modern amenities. Choose from two distinct floorplans, offering the convenience of first-floor bedrooms and full bathrooms, tailored to suit your lifestyle needs. Embrace the ease of smart home technology and stainless-steel appliances, granting you effortless control over your living space with just a tap of your fingertips. Step into your private oasis with sprawling backyards, ideal for basking in the glorious Florida sunshine. Indulge in resort-style living with our upscale amenities, including a lavish Cabana, refreshing Pool, tranquil Meditation Area, invigorating Yoga Area, and a scenic Walking Area Around Lake equipped with Fitness Equipment. Palm Cay promises an unparalleled living experience that will keep you captivated. Immerse yourself in the tropical ambiance and relish the convenience of nearby beaches, shopping centers, and entertainment options. Located near the enchanting Florida Keys, Palm Cay offers a gateway to the quintessential Florida lifestyle. Discover this hidden gem in Florida City and seize the opportunity to make Palm Cay your forever home. Dont wait any longercall us today and embark on a journey to luxury living at Palm Cay.

Neighborhood Data

Neighborhood data shown for ZIP Code: 33034, Homestead, FL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	8,884 (100%)
Owner Occupied HU	4,205 (47.3%)
Renter Occupied HU	4,271 (48.1%)
Vacant Housing Units	408 ( 4.6%)
Median Home Value	$325,349
Average Home Value	$418,352