417 NE 1st DrHomesteadFL33034
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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 417 NE 1st Dr, Homestead, FL, 33034 listed at $406,000 pairs $3,850/mo rent with a $1,987/mo payment to leave $1,156/mo cash flow. Total monthly income runs $3,850/mo, and annual cash flow reaches $13,871/yr on $134,589 cash to close. Return on cash invested measures 30.21% in year one, and rental yield registers 11.38% at a $406,000 basis. Equity gained on principal adds $2,620/yr, and annual property appreciation at 5% supports $112,170 by year five. Five-year ROI tracks 158.69% and total cumulative return in cash totals $213,580. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,850/mo property income relative to a $1,987/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33034, Homestead, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,884 (100%) |
| Owner Occupied HU | 4,205 (47.3%) |
| Renter Occupied HU | 4,271 (48.1%) |
| Vacant Housing Units | 408 ( 4.6%) |
| Median Home Value | $325,349 |
| Average Home Value | $418,352 |
Housing Distribution
Address Breakdown
Residential
8,092
Single Family
5,451
Multi-Family
2,641
Businesses
636
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