690 NW 1st StFlorida 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 690 NW 1st St, Florida City, FL, 33034 listed at $318,550 pairs $2,455/mo rent with a $1,559/mo payment to leave $341/mo cash flow. Total monthly income runs $2,455/mo, and annual cash flow reaches $4,094/yr on $105,599 cash to close. Return on cash invested measures 23.79% in year one, and rental yield registers 9.25% at a $318,550 basis. Equity gained on principal adds $2,056/yr, and annual property appreciation at 5% supports $88,009 by year five. Five-year ROI tracks 124.25% and total cumulative return in cash totals $131,212. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,455/mo property income relative to a $1,559/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1968
7,667 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: Nicole Haltaufderhyde • TROPIC SHORES REALTY LLC
Mls Name: Stellar MLS
Mls ID: #OM705916