985 NE 33rd Ter UNIT 102HomesteadFL33033
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 985 NE 33rd Ter UNIT 102, Homestead, FL, 33033 offers a 11.88% rental yield on a $234,500 purchase with $2,322/mo rent. Total monthly income registers $2,322/mo, and a $1,148/mo payment leaves $766/mo available for distribution. Annual cash flow reaches $9,187/yr on $77,737 to close, and return on cash invested stands at 31.73% in year one. Equity gained on principal adds $1,513/yr while 5% annual appreciation supports $64,788 over five years. Portfolio math shows five-year ROI at 166.81% and total cumulative return in cash at $129,676. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,322/mo property income against a $1,148/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2005
N/A lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices