398 Mimosa AveHomelandFL33847
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Homeland rental at 398 Mimosa Ave, Homeland, FL, 33847 sits in the solid-income band: 9.57% gross yield, $1,873/mo rent, $314/mo net after the $1,056/mo debt service, DSCR 1.77. Entry price of $234,900 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $64,899 and $2,163/yr in principal reduction bring total cumulative return to $109,763.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 6.0% |
| Monthly Cash Flow | $314 | $400 |
City averages based on Homeland market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,873 |
| Total Monthly Debt Service | $1,465 |
| DSCR Ratio | 1.28x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Manufactured
Built in 1957
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33847, Homeland, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 114 (100%) |
| Owner Occupied HU | 79 (69.3%) |
| Renter Occupied HU | 16 (14.0%) |
| Vacant Housing Units | 19 (16.7%) |
| Median Home Value | $260,714 |
| Average Home Value | $262,468 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
15
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
Manufactured
Built in 1957
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33847, Homeland, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 114 (100%) |
| Owner Occupied HU | 79 (69.3%) |
| Renter Occupied HU | 16 (14.0%) |
| Vacant Housing Units | 19 (16.7%) |
| Median Home Value | $260,714 |
| Average Home Value | $262,468 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
15
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices