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$999,999

For Sale - Active
20751 SW 248th St, Homestead, FL 33031
4 Beds
3 Baths
2,460 Square Feet
1.26 Acres Lot
Built in 2017
For Sale - Active
Units n/a
Checked: 1 day ago
Updated: Jun 25, 2025 at 03:10AM

Investment Summary


Monthly Cash Flow
-$2,047
Cap Rate
3.7%
Cash-on-Cash Return
-10.7%
Debt Coverage Ratio
0.60
Internal Rate of Return (5 years)
-6.3%

Property Description


1.26 Acres Lot
Built in 2017
For Sale - Active
Units n/a

Experience luxury and privacy in this stunning custom-built 4-bed, 3-bath home with a 3-car garage on a 1.26-acre lot in Redland.Featuring marble tile floors and a bright, living area seamlessly flowing into the dining space. The kitchen comes with stainless steel appliances and ample cabinetry.Three-way split bedroom plan. Large master suite with a sitting area and an elegant en-suite bathroom with dual sinks, a separate tub, and a walk-in shower.Built for durability with new water filtration, fully equipped with impact windows. Outside, a circular driveway, lush landscaping, and an electric gate with a privacy hedge provide security and curb appeal. The expansive backyard offers endless possibilities. Embrace the Redland lifestyle in this exceptional property-schedule your showing today!

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Location


Property Details


Parking

  • Description: Attached, CircularDriveway, Driveway, Garage, RVAccessParking, GarageDoorOpener
  • Details: Attached, Circular Driveway, Driveway, Garage, RV Access/Parking, Garage Door Opener
  • Garage Spaces: 3
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

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

Interior Features

  • # of Rooms: 0
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

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

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 3068210004620
  • Lot Size: 54886 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Detached, OneStory
  • Year Built: 2017

Tax Information

  • Annual Tax: $14,440

Utilities

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

Location

  • County: Miami Dade

Listing Details


Listed by:
Luis Ruiz
EXP Realty, LLC
(305) 978-4463

Source:
MIAMI REALTORS MLS
MLS#: A11773910
MIAMI REALTORS MLS

Investment Summary


Monthly Cash Flow
-$2,047
Cap Rate
3.7%
Cash-on-Cash Return
-10.7%
Debt Coverage Ratio
0.60
Internal Rate of Return (5 years)
-6.3%

Purchase Details

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Purchase price:
$999,999
Amount financed:
-$799,999
Down payment:
$200,000
Closing costs:
$30,000
Rehab costs:
$0
Initial cash invested:
$230,000
Square feet:
2,460
Cost per square foot:
$407
Monthly rent per square foot:
$2.52

Financing Details

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Loan amount:
$799,999
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$5,122
Property tax:
$1,203
Insurance:
$434
Private mortgage insurance (PMI):
$0
Monthly payment:
$6,759

Operating Income

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% Rent Monthly Yearly
Gross rent:
$6,200 $74,400
Vacancy loss: (6%)
6% -$372 -$4,464
Operating income:
$5,828 $69,936

Operating Expenses


% Rent Monthly Yearly
Property taxes: (19%)
19%-$1,203-$14,440
Insurance: (7%)
7%-$434-$5,208
Property management: (8%)
8%-$496-$5,952
Repairs & maintenance: (5%)
5%-$310-$3,720
Capital expenditures: (5%)
5%-$310-$3,720
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (44%)
44%-$2,753-$33,040

Cash Flow


Monthly Yearly
Net operating income:
$3,075 $36,900
Mortgage payments:
-$5,122 -$61,464
Cash flow:
$2,047 $24,564