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$595,000

For Sale - Active
11587 SW 246th Ter, Homestead, FL 33032
4 Beds
3 Baths
2,972 Square Feet
0.10 Acres Lot
Built in 2016
For Sale - Active
Units n/a
Checked: 43 minutes ago
Updated: May 20, 2025 at 09:46AM

Investment Summary


Monthly Cash Flow
-$1,333
Cap Rate
3.6%
Cash-on-Cash Return
-11.7%
Debt Coverage Ratio
0.57
Internal Rate of Return (5 years)
-7.3%

Property Description


0.10 Acres Lot
Built in 2016
For Sale - Active
Units n/a

Modern, Spacious & Move-In Ready! Welcome to this stunning 4-bedroom, 3-bathroom home with a 2-car garage, located in one of Homestead’s fastest-growing communities. Featuring an open-concept layout, gourmet kitchen with center island, and a spacious backyard perfect for entertaining — this home truly has it all. Whether you’re looking for your forever home or an investment opportunity, this property checks all the boxes. Low HOA. Schedule your showing today – this one won’t last! Highest and Best Offers

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Location


Property Details


Parking

  • Description: Attached, CircularDriveway, Garage, GarageDoorOpener
  • Details: Attached, Circular Driveway, Garage, Garage Door Opener
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 3.0

Interior Features

  • # of Stories: 2

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Type: Rigid Frame Bar Joist
  • Roof Material: Barrel

HOA

  • Has HOA: Yes
  • HOA Fee: $86/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Cluster home

Lot Information

  • Parcel ID: 3060190090940
  • Lot Size: 4172 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: TwoStory
  • Year Built: 2016

Tax Information

  • Annual Tax: $9,985

Utilities

  • Water & Sewer: Public
  • Heating: Central, Electric
  • Cooling: Central Air, Electric

Location

  • County: Miami Dade

Listing Details


Listed by:
Maira Morales Mrs.
Goldpen Realty Group
(786) 909-6232

Source:
MIAMI REALTORS MLS
MLS#: A11732875
MIAMI REALTORS MLS

Investment Summary


Monthly Cash Flow
-$1,333
Cap Rate
3.6%
Cash-on-Cash Return
-11.7%
Debt Coverage Ratio
0.57
Internal Rate of Return (5 years)
-7.3%

Purchase Details

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Purchase price:
$595,000
Amount financed:
-$476,000
Down payment:
$119,000
Closing costs:
$17,850
Rehab costs:
$0
Initial cash invested:
$136,850
Square feet:
2,972
Cost per square foot:
$200
Monthly rent per square foot:
$1.31

Financing Details

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Loan amount:
$476,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.810%
Principal & interest:
$3,106
Property tax:
$832
Insurance:
$273
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,211

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,900 $46,800
Vacancy loss: (6%)
6% -$234 -$2,808
Operating income:
$3,666 $43,992

Operating Expenses


% Rent Monthly Yearly
Property taxes: (21%)
21%-$832-$9,985
Insurance: (7%)
7%-$273-$3,276
Property management: (8%)
8%-$312-$3,744
Repairs & maintenance: (5%)
5%-$195-$2,340
Capital expenditures: (5%)
5%-$195-$2,340
HOA fees: (2%)
2%-$86-$1,032
Total operating expenses: (49%)
49%-$1,893-$22,717

Cash Flow


Monthly Yearly
Net operating income:
$1,773 $21,276
Mortgage payments:
-$3,106 -$37,272
Cash flow:
$1,333 $15,996