616 SW 8th AveHomesteadFL33030
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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
Total monthly income runs $2,089/mo, and a $2,203/mo payment. Purchase price stands at $450,000, and rental yield measures 5.57% with $2,089/mo rent. Return on cash invested shows 12.2% in year one, and 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 62.31% and total cumulative return in cash records $92,946. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,089/mo property income covering a $2,203/mo payment rather than investor’s personal income.
Multi Family
Built in 1949
N/A lot
$N/A/sqft
No 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: Roberto Azua • RE/MAX Advance Realty II
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11706599
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.