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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Homestead at 16021 SW 288th St, Homestead, FL, 33033 earns $912/mo cash flow from $5,106/mo rent with a $2,883/mo payment. Total monthly income totals $5,106/mo, and annual cash flow totals $10,950/yr on $193,781 capital. ROI tracks 25.71% on current figures, and rental yield reads 10.4% at a $589,000 purchase. Equity gained on principal adds $3,801/yr, and 5% annual appreciation supports $162,730 over five years. Five-year ROI reaches 135.16% and total cumulative return in cash sums $261,914. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,106/mo property income instead of your personal income.
Single Family
Built in 1992
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 33033, Homestead, FL area.
| 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 |
Residential
21,729
Single Family
19,094
Multi-Family
2,635
Businesses
594
Date | Event | Price |
|---|---|---|
| 2024-08-06 | Listed for sale | $589,000 |
| 2024-07-19 | Pending sale | $589,000 |
| 2024-07-07 | Contingent | $589,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-31 | $8660.68 | 31.40% | $475,762 | 46.40% |
| 2022-08-31 | $6590.90 | 12.24% | $324,981 | 10.00% |
| 2021-08-31 | $5872.40 | 12.36% | $295,438 | 10.00% |
Listed by: Elaine Kauffmann • Compass Florida, LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11605237
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.
