2637 SE 16th Ter UNIT 100HomesteadFL33035
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 2637 SE 16th Ter UNIT 100, Homestead, FL, 33035 listed at $245,900 pairs $1,689/mo rent with a $1,204/mo payment. Total monthly income runs $1,689/mo. Return on cash invested measures 13.66% in year one, and rental yield registers 8.24% at a $245,900 basis. Equity gained on principal adds $1,587/yr, and annual property appreciation at 5% supports $67,938 by year five. Five-year ROI tracks 72.51% and total cumulative return in cash totals $59,107. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,689/mo property income relative to a $1,204/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2006
N/A lot
$N/A/sqft
$328 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33035, Homestead, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,268 (100%) |
| Owner Occupied HU | 3,713 (51.1%) |
| Renter Occupied HU | 3,102 (42.7%) |
| Vacant Housing Units | 453 ( 6.2%) |
| Median Home Value | $441,016 |
| Average Home Value | $516,471 |
Housing Distribution
Address Breakdown
Residential
6,779
Single Family
4,525
Multi-Family
2,254
Businesses
34
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Salvador Pepe • United Realty Group Inc
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11732276
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.