324 SW 16th TerHomesteadFL33030
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 324 SW 16th Ter, Homestead, FL, 33030 in Homestead earns a 9.57% gross yield at $530,000. Rent of $3,263/mo nets $490/mo after the $2,383/mo mortgage. The 1.37 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $146,429 and $4,881/yr in equity accumulation project a total cumulative return of $185,642.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 6.0% |
| Monthly Cash Flow | $490 | $300 |
City averages based on Homestead market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,263 |
| Total Monthly Debt Service | $3,306 |
| DSCR Ratio | 0.99x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1974
7,826 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33030, Homestead, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,161 (100%) |
| Owner Occupied HU | 5,058 (45.3%) |
| Renter Occupied HU | 5,633 (50.5%) |
| Vacant Housing Units | 470 ( 4.2%) |
| Median Home Value | $470,008 |
| Average Home Value | $549,886 |
Housing Distribution
Address Breakdown
Residential
11,286
Single Family
8,728
Multi-Family
2,558
Businesses
1,145
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
Single Family
Built in 1974
7,826 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33030, Homestead, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,161 (100%) |
| Owner Occupied HU | 5,058 (45.3%) |
| Renter Occupied HU | 5,633 (50.5%) |
| Vacant Housing Units | 470 ( 4.2%) |
| Median Home Value | $470,008 |
| Average Home Value | $549,886 |
Housing Distribution
Address Breakdown
Residential
11,286
Single Family
8,728
Multi-Family
2,558
Businesses
1,145
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Raimy Fuentes • EquiEstate, Corp.
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11834722
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.