3248 NE 11th 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 3248 NE 11th Dr, Homestead, FL, 33033 uses $105,749 cash to close to unlock $9,161/yr annual cash flow and $763/mo monthly cash flow. Total monthly income runs $2,880/mo, and a $1,561/mo payment keeps the spread at $763/mo. Purchase price stands at $319,000, and rental yield measures 10.83% with $2,880/mo rent. Return on cash invested shows 28.57% in year one, and 5% annual appreciation builds toward $88,134 over five years. Five-year ROI reaches 149.9% and total cumulative return in cash records $158,521. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,880/mo property income covering a $1,561/mo payment rather than investor’s personal income.
Single Family
Built in 2005
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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