23623 SW 115th AveHomesteadFL33032
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
Investment Highlights
Investment property for sale in Homestead at 23623 SW 115th Ave, Homestead, FL, 33032 offers a 9.77% rental yield on a $640,000 purchase with $5,209/mo rent. Total monthly income registers $5,209/mo, and a $3,132/mo payment leaves $509/mo available for distribution. Annual cash flow reaches $6,108/yr on $210,560 to close, and return on cash invested stands at 22.96% 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 120.69% and total cumulative return in cash at $254,118. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,209/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 2020
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33032, Homestead, FL area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
21,886
Single Family
18,575
Multi-Family
3,311
Businesses
604
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Yadeli Espi Bermudez • The Valenzuela Real Estate Group
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11891422
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.