29351 Idaho RdHomesteadFL33033
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 29351 Idaho Rd, Homestead, FL, 33033 offers a 9.09% rental yield on a $362,200 purchase with $2,744/mo rent. Total monthly income registers $2,744/mo, and a $1,773/mo payment leaves $181/mo available for distribution. Annual cash flow reaches $2,170/yr on $120,069 to close, and return on cash invested stands at 21.72% in year one. Equity gained on principal adds $2,337/yr while 5% annual appreciation supports $100,069 over five years. Portfolio math shows five-year ROI at 113.69% and total cumulative return in cash at $136,504. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,744/mo property income against a $1,773/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33033, Homestead, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,526 (100%) |
| Owner Occupied HU | 12,717 (56.5%) |
| Renter Occupied HU | 9,219 (40.9%) |
| Vacant Housing Units | 590 ( 2.6%) |
| Median Home Value | $455,816 |
| Average Home Value | $499,751 |
Housing Distribution
Address Breakdown
Residential
21,729
Single Family
19,094
Multi-Family
2,635
Businesses
594
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