2650 SE 12th Pl UNIT 102HomesteadFL33035
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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
Investment property for sale in Homestead at 2650 SE 12th Pl UNIT 102, Homestead, FL, 33035 uses $65,637 cash to close to unlock $2,786/yr annual cash flow and $232/mo monthly cash flow. Total monthly income runs $1,546/mo, and a $969/mo payment keeps the spread at $232/mo. Purchase price stands at $198,000, and rental yield measures 9.37% with $1,546/mo rent. Return on cash invested shows 24.15% in year one, and 5% annual appreciation builds toward $54,704 over five years. Five-year ROI reaches 126.25% and total cumulative return in cash records $82,864. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,546/mo property income covering a $969/mo payment rather than investor’s personal income.
Condo
Built in 2003
N/A lot
$N/A/sqft
No 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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