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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% |
Rental property for sale in Homestead at 20890 SW 240th St, Homestead, FL, 33031 generates $3,900/mo in rent, after a $5,604/mo payment. Total monthly income is $3,900/mo. Return on cash invested sits at 8.41% in year one, and rental yield is 4.09% on a $1,145,000 entry. Equity gained on principal adds $7,389/yr, while 5% annual appreciation builds toward $316,342 over five years. Five-year ROI reaches 41.66% and total cumulative return in cash sums $154,560. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,900/mo property income rather than buyer’s personal income.
Single Family
Built in 2006
1.25 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 33031, Homestead, FL area.
| 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 |
Residential
2,290
Single Family
2,290
Multi-Family
0
Businesses
145
Date | Event | Price |
|---|---|---|
| 2025-07-04 | Listed for sale | $1,145,000 |
| 2025-06-22 | Listed for rent | $7,400 |
| 2025-05-22 | Listing removed | $7,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-04 | $9906.07 | 15.61% | $468,626 | 10.00% |
| 2023-07-04 | $8568.56 | 9.83% | $426,024 | 10.00% |
| 2022-07-04 | $7801.87 | 16.75% | $387,295 | 10.00% |
Listed by: Yurima Martin Ramos • Martin Realty Group Corp
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11834379
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.
