14850 Naranja Lakes Blvd #B2JHomesteadFL33032
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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 14850 Naranja Lakes Blvd #B2J, Homestead, FL, 33032 uses $59,670 cash to close to unlock $2,910/yr annual cash flow and $243/mo monthly cash flow. Total monthly income runs $1,437/mo, and a $881/mo payment keeps the spread at $243/mo. Purchase price stands at $180,000, and rental yield measures 9.58% with $1,437/mo rent. Return on cash invested shows 24.79% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 129.6% and total cumulative return in cash records $77,333. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,437/mo property income covering a $881/mo payment rather than investor’s personal income.
Condo
Built in 1974
N/A 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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