18704 SW 306th TerHomesteadFL33030
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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 18704 SW 306th Ter, Homestead, FL, 33030 generates $4,192/mo in rent and, after a $2,570/mo payment, leaves $656/mo in cash flow. Total monthly income is $4,192/mo, and annual cash flow is $7,867/yr on $172,725 invested. Return on cash invested sits at 24.61% in year one, and rental yield is 9.58% on a $525,000 entry. Equity gained on principal adds $3,388/yr, while 5% annual appreciation builds toward $145,048 over five years. Five-year ROI reaches 128.78% and total cumulative return in cash sums $222,429. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,192/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
0.25 Acres lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 33030, Homestead, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,161 (100%) |
| Owner Occupied HU | 5,058 (45.3%) |
| Renter Occupied HU | 5,633 (50.5%) |
| Vacant Housing Units | 470 ( 4.2%) |
| Median Home Value | $470,008 |
| Average Home Value | $549,886 |
Housing Distribution
Address Breakdown
Residential
11,286
Single Family
8,728
Multi-Family
2,558
Businesses
1,145
Price History
Date | Event | Price |
|---|---|---|
| 2025-01-20 | Price change | $525,000 |
| 2024-12-11 | Listed for sale | $550,000 |
| 2003-06-05 | Sold | $80,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-12 | $5296.92 | 11.54% | $243,948 | 10.00% |
| 2022-02-12 | $4748.82 | 17.74% | $221,771 | 10.00% |
| 2021-02-12 | $4033.47 | 7.20% | $201,610 | 8.57% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1970
- Architectural Style: N/A
- Building Area: 1,998
- Living Area: 1,400 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Central, Electric
- Cooling: Central Air, Electric
- Flooring: Tile
- Interior Features: N/A
- Exterior Features: Lighting
- Parking Features: Driveway
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Municipal Water
- Road Surface Type: N/A
School Information
- Elementary School: Redondo
- Middle School: South Dade Middle
- High School: South Dade
Listed by: Vanessa Hernandez • The Keyes Company
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11696653
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.