2640 SE 8th CtHomesteadFL33035
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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 2640 SE 8th Ct, Homestead, FL, 33035 priced at $652,890 converts $5,762/mo rent into $1,229/mo cash flow after a $3,196/mo obligation. Total monthly income equals $5,762/mo, and annual cash flow totals $14,747/yr on $214,801 invested. Return on cash invested prints 26.93% in year one, and rental yield reads 10.59% against a $652,890 entry. Equity gained on principal adds $4,213/yr, while 5% annual appreciation compiles into $180,381 by year five. Five-year ROI reaches 141.42% and total cumulative return in cash sums $303,777. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,762/mo property income covering a $3,196/mo payment, not borrower’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
$200 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
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Listed by: Rene Santa Maria • Lennar Realty Inc
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11640108
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.