940 SW 6th AveFlorida 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 940 SW 6th Ave, Florida City, FL, 33034 uses $94,478 cash to close to unlock $1,303/yr annual cash flow and $109/mo monthly cash flow. Total monthly income runs $2,000/mo, and a $1,395/mo payment keeps the spread at $109/mo. Purchase price stands at $285,000, and rental yield measures 8.42% with $2,000/mo rent. Return on cash invested shows 21.29% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 110.83% and total cumulative return in cash records $104,706. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,000/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Townhouse
Built in 2007
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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Listed by: Michael Falsetto • Compass Florida, LLC.
Mls Name: MIAMI
Mls ID: #A11955923