24621 SW 112th CtHomesteadFL33032
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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 24621 SW 112th Ct, Homestead, FL, 33032 generates $3,598/mo in rent, after a $2,927/mo payment. Total monthly income is $3,598/mo. Return on cash invested sits at 17.8% in year one, and rental yield is 7.22% on a $598,000 entry. Equity gained on principal adds $3,859/yr, while 5% annual appreciation builds toward $165,216 over five years. Five-year ROI reaches 92.1% and total cumulative return in cash sums $181,196. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,598/mo property income rather than buyer’s personal income.
Single Family
Built in 2001
6,300 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
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Listed by: Marielena Gomez Molina • Realty One Group Evolution
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11832508
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.