21299 SW 248th 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 21299 SW 248th St, Homestead, FL, 33031 listed at $865,000 pairs $4,746/mo rent with a $4,234/mo payment. Total monthly income runs $4,746/mo. Return on cash invested measures 15.87% in year one, and rental yield registers 6.58% at a $865,000 basis. Equity gained on principal adds $5,582/yr, and annual property appreciation at 5% supports $238,984 by year five. Five-year ROI tracks 81.72% and total cumulative return in cash totals $232,575. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,746/mo property income relative to a $4,234/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2001
1.29 Acres lot
$N/A/sqft
No HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2024-12-14 | Price change | $865,000 |
| 2024-11-18 | Price change | $869,000 |
| 2024-11-02 | Price change | $879,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-13 | $7383.46 | 10.74% | $357,291 | 10.00% |
| 2022-02-13 | $6667.33 | 17.33% | $324,810 | 10.00% |
| 2021-02-13 | $5682.62 | 5.38% | $295,282 | 6.22% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2001
- Architectural Style: N/A
- Building Area: 2,260
- Living Area: 1,800 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Central
- Cooling: Central Air
- Flooring: Tile
- Interior Features: Vaulted Ceiling(s), Other
- 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: Septic Tank
- Water Source: Well
- Road Surface Type: N/A
School Information
- Elementary School: Redland
- Middle School: Redland
- High School: South Dade
Listed by: Hanadi Ghafir • Coldwell Banker Realty
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11675266
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.