3398 NE 9th Dr #104HomesteadFL33030
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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 Homestead at 3398 NE 9th Dr #104, Homestead, FL, 33030 generates $2,400/mo in rent and, after a $1,238/mo payment, leaves $356/mo in cash flow. Total monthly income is $2,400/mo, and annual cash flow is $4,276/yr on $83,870 invested. Return on cash invested sits at 25.01% in year one, and rental yield is 11.38% on a $253,000 entry. Equity gained on principal adds $1,633/yr, while 5% annual appreciation builds toward $69,899 over five years. Five-year ROI reaches 132.7% and total cumulative return in cash sums $111,292. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,400/mo property income rather than buyer’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
$365 monthly 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
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Listed by: Nadine Dayan PA • RKC Realty LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11813495
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.