Splendor Plan, LuminaraHomesteadFL33032
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
Rental property for sale in Homestead at Splendor Plan, Luminara, Homestead, FL, 33032 priced at $498,990 converts $3,128/mo rent into after a $2,442/mo obligation. Total monthly income equals $3,128/mo. Return on cash invested prints 18.58% in year one, and rental yield reads 7.52% against a $498,990 entry. Equity gained on principal adds $3,220/yr, while 5% annual appreciation compiles into $137,862 by year five. Five-year ROI reaches 96.29% and total cumulative return in cash sums $159,279. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,128/mo property income covering a $2,442/mo payment, not borrower’s personal income.
Townhouse
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33032, Homestead, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,338 (100%) |
| Owner Occupied HU | 13,054 (58.4%) |
| Renter Occupied HU | 7,756 (34.7%) |
| Vacant Housing Units | 1,528 ( 6.8%) |
| Median Home Value | $469,560 |
| Average Home Value | $516,494 |
Housing Distribution
Address Breakdown
Residential
21,886
Single Family
18,575
Multi-Family
3,311
Businesses
604
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
