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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 1508 NE 3rd Ave, Florida City, FL, 33034 uses $148,509 cash to close to unlock $1,401/yr annual cash flow and $117/mo monthly cash flow. Total monthly income runs $3,090/mo, and a $2,193/mo payment keeps the spread at $117/mo. Purchase price stands at $447,990, and rental yield measures 8.28% with $3,090/mo rent. Return on cash invested shows 20.85% in year one, and 5% annual appreciation builds toward $123,771 over five years. Five-year ROI reaches 108.49% and total cumulative return in cash records $161,111. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,090/mo property income covering a $2,193/mo payment rather than investor’s personal income.
Townhouse
Built in 2025
N/A lot
$N/A/sqft
No HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2025-09-30 | Listed for sale | $447,990 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
No similar price properties found nearby.
Facts & Features
General Information
- Type: Townhouse
- Year Built: 2025
- Architectural Style: N/A
- Building Area: N/A
- Living Area: 1,456 sqft
- Property Condition: New Construction
Features & Amenities
- Heating: N/A
- Cooling: N/A
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: N/A
Location
- City: Florida City
- Subdivision: Palm Cay
- Lot Size: N/A
- Lot Features: N/A
- View: N/A
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: N/A
- Water Source: N/A
- Road Surface Type: N/A
School Information
- Elementary School: Campbell Drive K-8 Center
- Middle School: Campbell Drive K-8 Center
- High School: Homestead Senior High
Listed by: N/A • D.R. Horton
Mls Name: DR Horton
Mls Provider:
Mls ID: #N/A