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$455,000

For Sale - Active
12786 SW 248th St, Homestead, FL 33032
4 Beds
3 Baths
1,906 Square Feet
0.00 Acres Lot
Built in 2019
For Sale - Active
Units n/a
Checked: 1 day ago
Updated: May 20, 2025 at 06:22PM

Investment Summary


Monthly Cash Flow
-$975
Cap Rate
3.6%
Cash-on-Cash Return
-11.2%
Debt Coverage Ratio
0.58
Internal Rate of Return (5 years)
-6.8%

Property Description


0.00 Acres Lot
Built in 2019
For Sale - Active
Units n/a

Discover this spacious and beautifully maintained 4-bedroom, 3-bath townhouse. Designed for comfort and convenience, this home features two master suites, including one on the first floor with a permitted, ADA-approved shower bath—a rare and valuable upgrade. Built in 2019, the property boasts crown molding throughout and is generator-ready, ensuring peace of mind during power outages.

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Location


Property Details


Parking

  • Details: On Street
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

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

Interior Features

  • # of Stories: 2

HOA

  • Has HOA: Yes
  • HOA Fee: $280/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Townhouse

Lot Information

  • Parcel ID: 3069230110150
  • Lot Size: 0 sqft

Property Information

  • Property Type: Townhouse
  • Style: SplitLevel
  • Year Built: 2019

Tax Information

  • Annual Tax: $4,378

Utilities

  • Heating: Central
  • Cooling: Central Air, Ceiling Fan(s)

Location

  • County: Miami Dade

Listing Details


Listed by:
Steve Mas
EXP Realty LLC
(786) 380-1027

Source:
MIAMI REALTORS MLS
MLS#: A11773159
MIAMI REALTORS MLS

Investment Summary


Monthly Cash Flow
-$975
Cap Rate
3.6%
Cash-on-Cash Return
-11.2%
Debt Coverage Ratio
0.58
Internal Rate of Return (5 years)
-6.8%

Purchase Details

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Purchase price:
$455,000
Amount financed:
-$364,000
Down payment:
$91,000
Closing costs:
$13,650
Rehab costs:
$0
Initial cash invested:
$104,650
Square feet:
1,906
Cost per square foot:
$239
Monthly rent per square foot:
$1.52

Financing Details

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Loan amount:
$364,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,331
Property tax:
$365
Insurance:
$203
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,899

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,900 $34,800
Vacancy loss: (6%)
6% -$174 -$2,088
Operating income:
$2,726 $32,712

Operating Expenses


% Rent Monthly Yearly
Property taxes: (13%)
13%-$365-$4,378
Insurance: (7%)
7%-$203-$2,436
Property management: (8%)
8%-$232-$2,784
Repairs & maintenance: (5%)
5%-$145-$1,740
Capital expenditures: (5%)
5%-$145-$1,740
HOA fees: (10%)
10%-$280-$3,360
Total operating expenses: (47%)
47%-$1,370-$16,438

Cash Flow


Monthly Yearly
Net operating income:
$1,356 $16,272
Mortgage payments:
-$2,331 -$27,972
Cash flow:
$975 $11,700