3624 NE 1st StHomesteadFL33033
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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 3624 NE 1st St, Homestead, FL, 33033 generates $4,225/mo in rent and, after a $2,643/mo payment, leaves $386/mo in cash flow. Total monthly income is $4,225/mo, and annual cash flow is $4,628/yr on $177,660 invested. Return on cash invested sits at 22.67% in year one, and rental yield is 9.39% on a $540,000 entry. Equity gained on principal adds $3,485/yr, while 5% annual appreciation builds toward $149,192 over five years. Five-year ROI reaches 118.81% and total cumulative return in cash sums $211,070. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,225/mo property income rather than buyer’s personal income.
Single Family
Built in 2007
4,000 sqft lot
$N/A/sqft
$92 monthly 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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Listed by: Sinea Roman • Direct Realty Solutions
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11710140
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.