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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% |
Investment property for sale in Homestead at 23340 SW 117th Path, Homestead, FL, 33032 offers a 9.25% rental yield on a $640,000 purchase with $4,932/mo rent. Total monthly income registers $4,932/mo, and a $3,132/mo payment leaves $375/mo available for distribution. Annual cash flow reaches $4,500/yr on $210,560 to close, and return on cash invested stands at 22.2% in year one. Equity gained on principal adds $4,130/yr while 5% annual appreciation supports $176,820 over five years. Portfolio math shows five-year ROI at 116.3% and total cumulative return in cash at $244,890. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,932/mo property income against a $3,132/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2016
5,000 sqft lot
$N/A/sqft
$81 monthly HOA
Neighborhood data shown for ZIP Code: 33032, Homestead, FL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,338 (100%) |
| Owner Occupied HU | 13,054 (58.4%) |
| Renter Occupied HU | 7,756 (34.7%) |
| Vacant Housing Units | 1,528 ( 6.8%) |
| Median Home Value | $469,560 |
| Average Home Value | $516,494 |
Residential
21,886
Single Family
18,575
Multi-Family
3,311
Businesses
604
Date | Event | Price |
|---|---|---|
| 2025-09-25 | Sold | $640,000 |
| 2025-08-15 | Pending sale | $695,000 |
| 2025-07-26 | Listed for sale | $695,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-27 | $8449.42 | 2.86% | $315,847 | 3.00% |
| 2023-10-27 | $8214.60 | 2.44% | $306,648 | 3.00% |
| 2022-10-27 | $8018.88 | 0.71% | $297,717 | 3.00% |
Listed by: Vanessa Bustillo • Barrios and Associates Realty
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11846260
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.
