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$579,500

For Sale - Active
25320 SW 124th Pl, Homestead, FL 33032
4 Beds
2 Baths
1,650 Square Feet
0.17 Acres Lot
Built in 1975
For Sale - Active
Units n/a
Checked: 1 day ago
Updated: May 09, 2025 at 03:22AM

Investment Summary


Monthly Cash Flow
-$1,231
Cap Rate
3.6%
Cash-on-Cash Return
-11.1%
Debt Coverage Ratio
0.59
Internal Rate of Return (5 years)
-6.7%

Property Description


0.17 Acres Lot
Built in 1975
For Sale - Active
Units n/a

Beautiful home in Homestead with very good location, close to the entrance to Turnpike, excellent rated schools in the area, access to supermarkets and South Land Mall, 4 bedrooms and an internal addition, 2 bathrooms one completely remodeled, with IMPACT windows and door in the front, shuttler in the back, new fence, private garage and large outdoor space for 3 more cars, equipped laundry, copper electric heater, new central air conditioner, NO HOA!! Quiet neighborhood.

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Location


Property Details


Parking

  • Description: Driveway
  • Details: Driveway, Guest
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Stories: 1

Exterior Features

  • Roof Material: Shingle

Land Information

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

Lot Information

  • Parcel ID: 3069250020890
  • Lot Size: 7544 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Detached, OneStory
  • Year Built: 1975

Tax Information

  • Annual Tax: $5,646

Utilities

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

Location

  • County: Miami Dade

Listing Details


Listed by:
Angelica De Paz Alvanez
My Realty Group, LLC.
(786) 374-5762

Source:
MIAMI REALTORS MLS
MLS#: A11774813
MIAMI REALTORS MLS

Investment Summary


Monthly Cash Flow
-$1,231
Cap Rate
3.6%
Cash-on-Cash Return
-11.1%
Debt Coverage Ratio
0.59
Internal Rate of Return (5 years)
-6.7%

Purchase Details

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Purchase price:
$579,500
Amount financed:
-$463,600
Down payment:
$115,900
Closing costs:
$17,385
Rehab costs:
$0
Initial cash invested:
$133,285
Square feet:
1,650
Cost per square foot:
$351
Monthly rent per square foot:
$1.94

Financing Details

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Loan amount:
$463,600
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,968
Property tax:
$471
Insurance:
$224
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,663

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,200 $38,400
Vacancy loss: (6%)
6% -$192 -$2,304
Operating income:
$3,008 $36,096

Operating Expenses


% Rent Monthly Yearly
Property taxes: (15%)
15%-$471-$5,646
Insurance: (7%)
7%-$224-$2,688
Property management: (8%)
8%-$256-$3,072
Repairs & maintenance: (5%)
5%-$160-$1,920
Capital expenditures: (5%)
5%-$160-$1,920
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (40%)
40%-$1,271-$15,246

Cash Flow


Monthly Yearly
Net operating income:
$1,737 $20,844
Mortgage payments:
-$2,968 -$35,616
Cash flow:
$1,231 $14,772