942 NE 37th AveHomesteadFL33033
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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 942 NE 37th Ave, Homestead, FL, 33033 offers a 13.06% rental yield on a $499,500 purchase with $5,435/mo rent. Total monthly income registers $5,435/mo, and a $2,445/mo payment leaves $1,497/mo available for distribution. Annual cash flow reaches $17,961/yr on $165,584 to close, and return on cash invested stands at 30.76% in year one. Equity gained on principal adds $3,223/yr while 5% annual appreciation supports $138,003 over five years. Portfolio math shows five-year ROI at 163.23% and total cumulative return in cash at $270,283. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,435/mo property income against a $2,445/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
3,600 sqft lot
$N/A/sqft
$135 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33033, Homestead, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,526 (100%) |
| Owner Occupied HU | 12,717 (56.5%) |
| Renter Occupied HU | 9,219 (40.9%) |
| Vacant Housing Units | 590 ( 2.6%) |
| Median Home Value | $455,816 |
| Average Home Value | $499,751 |
Housing Distribution
Address Breakdown
Residential
21,729
Single Family
19,094
Multi-Family
2,635
Businesses
594
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Listed by: David Rosenbom • Adami International Realty Inc
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-10996967
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.