516 NE 1st DrFlorida CityFL33034
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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 Florida City at 516 NE 1st Dr, Florida City, FL, 33034 listed at $425,000 pairs $2,760/mo rent with a $2,080/mo payment. Total monthly income runs $2,760/mo. Return on cash invested measures 19.4% in year one, and rental yield registers 7.79% at a $425,000 basis. Equity gained on principal adds $2,742/yr, and annual property appreciation at 5% supports $117,420 by year five. Five-year ROI tracks 100.68% and total cumulative return in cash totals $141,845. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,760/mo property income relative to a $2,080/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2024
1,098 sqft 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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Listed by: Milena Duenas • Chez Realty, LLC.
Mls Name: MIAMI
Mls ID: #A11958126