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$480,000

For Sale - Active
24676 SW 119th Ct, Homestead, FL 33032
4 Beds
3 Baths
1,820 Square Feet
0.00 Acres Lot
Built in 2023
For Sale - Active
Units n/a
Checked: 13 hours ago
Updated: Aug 09, 2025 at 03:05AM

Investment Summary


Monthly Cash Flow
-$1,297
Cap Rate
2.9%
Cash-on-Cash Return
-14.1%
Debt Coverage Ratio
0.47
Internal Rate of Return (5 years)
-9.6%

Property Description


0.00 Acres Lot
Built in 2023
For Sale - Active
Units n/a

The seller is highly MOTIVATED! . Discover your ideal home in a prime Homestead location! This spacious townhouse offers quick access to major highways, shopping centers, restaurants, parks, and top-rated schools. Just minutes from Black Point Marina and exciting new developments, this home combines convenience with future growth potential. The functional layout and private outdoor space make it ideal for families, first-time buyers, or investors. Enjoy low HOA fees, great community amenities, and a peaceful neighborhood setting. The area's rapid expansion adds lasting value to your investment. Spacious backyard perfect for gatherings or relaxing evenings. Easy to show!

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Location


Property Details


Parking

  • Details: Garage Door Opener
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Stories: 2

HOA

  • Has HOA: Yes
  • HOA Fee: $141/monthly
  • Additional HOA Fee: $133/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Townhouse

Lot Information

  • Parcel ID: 3069240073100
  • Lot Size: 0 sqft

Property Information

  • Property Type: Townhouse
  • Style: Other
  • Year Built: 2023

Tax Information

  • Annual Tax: $8,439

Utilities

  • Heating: Electric
  • Cooling: Central Air

Location

  • County: Miami Dade

Listing Details


Listed by:
Hector Travasillo
Realty One Group Evolution
(786) 773-6582

Source:
MIAMI REALTORS MLS
MLS#: A11791861
MIAMI REALTORS MLS

Investment Summary


Monthly Cash Flow
-$1,297
Cap Rate
2.9%
Cash-on-Cash Return
-14.1%
Debt Coverage Ratio
0.47
Internal Rate of Return (5 years)
-9.6%

Purchase Details

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Purchase price:
$480,000
Amount financed:
-$384,000
Down payment:
$96,000
Closing costs:
$14,400
Rehab costs:
$0
Initial cash invested:
$110,400
Square feet:
1,820
Cost per square foot:
$264
Monthly rent per square foot:
$1.70

Financing Details

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Loan amount:
$384,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,459
Property tax:
$703
Insurance:
$217
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,379

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,100 $37,200
Vacancy loss: (6%)
6% -$186 -$2,232
Operating income:
$2,914 $34,968

Operating Expenses


% Rent Monthly Yearly
Property taxes: (23%)
23%-$703-$8,439
Insurance: (7%)
7%-$217-$2,604
Property management: (8%)
8%-$248-$2,976
Repairs & maintenance: (5%)
5%-$155-$1,860
Capital expenditures: (5%)
5%-$155-$1,860
HOA fees: (9%)
9%-$274-$3,288
Total operating expenses: (57%)
57%-$1,752-$21,027

Cash Flow


Monthly Yearly
Net operating income:
$1,162 $13,944
Mortgage payments:
-$2,459 -$29,508
Cash flow:
$1,297 $15,564