24363 SW 109th 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 24363 SW 109th Ave, Homestead, FL, 33032 offers a 11.22% rental yield on a $367,000 purchase with $3,432/mo rent. Total monthly income registers $3,432/mo, and a $1,796/mo payment leaves $997/mo available for distribution. Annual cash flow reaches $11,962/yr on $121,661 to close, and return on cash invested stands at 29.74% in year one. Equity gained on principal adds $2,368/yr while 5% annual appreciation supports $101,395 over five years. Portfolio math shows five-year ROI at 156.14% and total cumulative return in cash at $189,959. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,432/mo property income against a $1,796/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2005
N/A 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