15805 SW 242nd StHomesteadFL33031
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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 15805 SW 242nd St, Homestead, FL, 33031 earns $1,602/mo cash flow from $7,442/mo rent with a $4,307/mo payment. Total monthly income totals $7,442/mo, and annual cash flow totals $19,228/yr on $289,520 capital. ROI tracks 26.7% on current figures, and rental yield reads 10.15% at a $880,000 purchase. Equity gained on principal adds $5,679/yr, and 5% annual appreciation supports $243,128 over five years. Five-year ROI reaches 139.83% and total cumulative return in cash sums $404,828. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $7,442/mo property income instead of your personal income.
Single Family
Built in 1993
0.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33031, Homestead, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,345 (100%) |
| Owner Occupied HU | 1,870 (79.7%) |
| Renter Occupied HU | 358 (15.3%) |
| Vacant Housing Units | 117 ( 5.0%) |
| Median Home Value | $646,261 |
| Average Home Value | $735,991 |
Housing Distribution
Address Breakdown
Residential
2,290
Single Family
2,290
Multi-Family
0
Businesses
145
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Listed by: Nancy O'Brien • The Keyes Company
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11632950
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.