23720 SW 114th PlHomesteadFL33032
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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
Investment property for sale in Homestead at 23720 SW 114th Pl, Homestead, FL, 33032 earns $48/mo cash flow from $3,134/mo rent with a $2,227/mo payment. Total monthly income totals $3,134/mo, and annual cash flow totals $570/yr on $150,833 capital. ROI tracks 20.29% on current figures, and rental yield reads 8.27% at a $455,000 purchase. Equity gained on principal adds $2,936/yr, and 5% annual appreciation supports $125,708 over five years. Five-year ROI reaches 105.66% and total cumulative return in cash sums $159,364. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,134/mo property income instead of your personal income.
Townhouse
Built in 2006
N/A lot
$N/A/sqft
$67 monthly 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
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Listed by: Daniel Gonzalez • LPT Realty, LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11820953
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.