23700 SW 207th AveHomesteadFL33031
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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 23700 SW 207th Ave, Homestead, FL, 33031 generates $4,193/mo in rent, after a $4,185/mo payment. Total monthly income is $4,193/mo. Return on cash invested sits at 12.81% in year one, and rental yield is 5.88% on a $855,000 entry. Equity gained on principal adds $5,517/yr, while 5% annual appreciation builds toward $236,221 over five years. Five-year ROI reaches 65.68% and total cumulative return in cash sums $184,747. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,193/mo property income rather than buyer’s personal income.
Single Family
Built in 1979
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 |
|---|---|---|
| 2024-06-13 | Listing removed | N/A |
| 2024-06-12 | Listed for rent | $4,000 |
| 2024-06-10 | Listing removed | N/A |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-12-25 | $10225.95 | 4.44% | $592,544 | 8.80% |
| 2022-12-25 | $9791.47 | 249.54% | $544,640 | 216.34% |
| 2021-12-25 | $2801.24 | 1.18% | $172,167 | 1.40% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1979
- Architectural Style: N/A
- Building Area: 3,380
- Living Area: 2,476 sqft
- Property Condition: N/A
Features & Amenities
- Heating: None
- Cooling: Central Air
- Flooring: Tile
- Interior Features: Storage
- Exterior Features: N/A
- 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: Paved Road
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Alina Del Portal • Capital Homes Inc
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11518494
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.