2201 SE 24th Pl #2201HomesteadFL33035
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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 2201 SE 24th Pl #2201, Homestead, FL, 33035 generates $1,883/mo in rent and, after a $1,370/mo payment, leaves $25/mo in cash flow. Total monthly income is $1,883/mo, and annual cash flow is $304/yr on $92,820 invested. Return on cash invested sits at 20.24% in year one, and rental yield is 8.07% on a $280,000 entry. Equity gained on principal adds $1,807/yr, while 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 105.22% and total cumulative return in cash sums $97,665. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,883/mo property income rather than buyer’s personal income.
Townhouse
Built in 2003
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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