320 NW 2nd StFlorida CityFL33034
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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 Florida City at 320 NW 2nd St, Florida City, FL, 33034 generates $2,952/mo in rent, after a $2,203/mo payment. Total monthly income is $2,952/mo. Return on cash invested sits at 19.63% in year one, and rental yield is 7.87% on a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 101.94% and total cumulative return in cash sums $152,070. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,952/mo property income rather than buyer’s personal income.
Single Family
Built in 1930
7,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33034, Homestead, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,884 (100%) |
| Owner Occupied HU | 4,205 (47.3%) |
| Renter Occupied HU | 4,271 (48.1%) |
| Vacant Housing Units | 408 ( 4.6%) |
| Median Home Value | $325,349 |
| Average Home Value | $418,352 |
Housing Distribution
Address Breakdown
Residential
8,092
Single Family
5,451
Multi-Family
2,641
Businesses
636
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Listed by: Nilsa Rivera • Joystar Realty Group
Mls Name: MIAMI
Mls ID: #A11910932