2322 SE 23rd Rd #2322HomesteadFL33035
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeHigh DSCR is a competitive advantage at closing. 2322 SE 23rd Rd #2322, Homestead, FL, 33035 in Homestead achieves 1.73, rent of $2,644/mo covers the $1,529/mo payment 1.5x over at $340,000. Rental yield 9.33%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $93,936 over five years, with $3,131/yr in principal reduction bringing total projected return to $118,643.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 6.0% |
| Monthly Cash Flow | $(211) | $300 |
City averages based on Homestead market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,644 |
| Total Monthly Debt Service | $2,719 |
| DSCR Ratio | 0.97x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 2004
N/A lot
$N/A/sqft
$598 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Townhouse
Built in 2004
N/A lot
$N/A/sqft
$598 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Samuel Grynbaum • GGH Realty LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A10836515
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.