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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Homestead at 24640 SW 209th Pl, Homestead, FL, 33031 generates $13,200/mo in rent and, after a $6,656/mo payment, leaves $4,175/mo in cash flow. Total monthly income is $13,200/mo, and annual cash flow is $50,104/yr on $440,637 invested. Return on cash invested sits at 31.74% in year one, and rental yield is 11.65% on a $1,359,990 entry. Equity gained on principal adds $8,776/yr, while 5% annual appreciation builds toward $375,740 over five years. Five-year ROI reaches 166.79% and total cumulative return in cash sums $734,950. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $13,200/mo property income rather than buyer’s personal income.
Single Family
Built in 2023
1.46 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 33031, Homestead, FL area.
| 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 |
Residential
2,290
Single Family
2,290
Multi-Family
0
Businesses
145
Date | Event | Price |
|---|---|---|
| 2024-01-25 | Price change | $1,359,990 |
| 2023-12-29 | Price change | $1,349,990 |
| 2023-12-01 | Price change | $1,299,990 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-31 | $59.56 | 0.03% | $3,494 | N/A |
| 2022-08-31 | $59.54 | -3.22% | $3,494 | N/A |
| 2021-08-31 | $61.52 | -0.28% | $3,494 | N/A |
Listed by: Kimberly Green • Keys Gate Realty, Inc.
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11493625
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.
