3121 SE 2nd DrHomesteadFL33033
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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 3121 SE 2nd Dr, Homestead, FL, 33033 offers a 8.61% rental yield on a $455,000 purchase with $3,263/mo rent. Total monthly income registers $3,263/mo, and a $2,227/mo payment leaves $244/mo available for distribution. Annual cash flow reaches $2,922/yr on $150,833 to close, and return on cash invested stands at 21.85% in year one. Equity gained on principal adds $2,936/yr while 5% annual appreciation supports $125,708 over five years. Portfolio math shows five-year ROI at 113.82% and total cumulative return in cash at $171,676. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,263/mo property income against a $2,227/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2007
3,649 sqft 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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