1438 SE 24th Ct #360HomesteadFL33035
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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 1438 SE 24th Ct #360, Homestead, FL, 33035 generates $2,909/mo in rent and, after a $1,517/mo payment, leaves $309/mo in cash flow. Total monthly income is $2,909/mo, and annual cash flow is $3,711/yr on $102,765 invested. Return on cash invested sits at 23.52% in year one, and rental yield is 11.26% on a $309,999 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 125.12% and total cumulative return in cash sums $128,575. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,909/mo property income rather than buyer’s personal income.
Townhouse
Built in 2006
N/A lot
$N/A/sqft
$315 monthly HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2025-02-11 | Price change | $309,999 |
| 2025-01-31 | Price change | $310,000 |
| 2025-01-10 | Listed for sale | $320,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-13 | $5493.29 | 34.92% | $207,046 | 72.68% |
| 2022-02-13 | $4071.66 | 11.25% | $119,900 | 10.00% |
| 2021-02-13 | $3659.77 | 9.49% | $109,000 | 0.86% |
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Facts & Features
General Information
- Type: Townhouse
- Year Built: 2006
- Architectural Style: N/A
- Building Area: 1,302
- Living Area: 1,302 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Central
- Cooling: Central Air
- Flooring: Vinyl
- Interior Features: Den/Library/Office
- Exterior Features: N/A
- Parking Features: 2 Or More Spaces, Assigned, Guest, Limited # Of Vehicle, No Rv/Boats, No Trucks/Trailers
Location
HOA & Fees
- HOA Fee: $315 monthly
- Association Fee: $315 monthly
- Fees & Dues: N/A
- Association Amenities: Cabana, Clubhouse-Clubroom
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: N/A
- Water Source: N/A
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: Homestead
- High School: Homestead
Listed by: Edwin Vega • Edwin Vega Realty LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11716602
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.