1940 SE 24th Ter #1940HomesteadFL33035
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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 1940 SE 24th Ter #1940, Homestead, FL, 33035 uses $99,450 cash to close to unlock $7,314/yr annual cash flow and $610/mo monthly cash flow. Total monthly income runs $2,600/mo, and a $1,468/mo payment keeps the spread at $610/mo. Purchase price stands at $299,999, and rental yield measures 10.4% with $2,600/mo rent. Return on cash invested shows 27.26% in year one, and 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 142.89% and total cumulative return in cash records $142,104. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,600/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
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
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