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$389,000

For Sale - Active
27982 SW 140th Ave, Homestead, FL 33032
3 Beds
3 Baths
1,850 Square Feet
0.00 Acres Lot
Built in 2007
For Sale - Active
Units n/a
Checked: 6 hours ago
Updated: Jun 27, 2025 at 03:45AM

Investment Summary


Monthly Cash Flow
-$518
Cap Rate
4.6%
Cash-on-Cash Return
-6.9%
Debt Coverage Ratio
0.74
Internal Rate of Return (5 years)
-2.7%

Property Description


0.00 Acres Lot
Built in 2007
For Sale - Active
Units n/a

This home quailifes for hometown hereos in the amount of 19,450 towards down payment & closing cost. This 3BD | 2.5BA corner unit features an open concept kitchen that is great for entertaining. Living room, dining room, family room & loft space upstairs. Tile floors all downstairs & beautiful wood floors upstairs. The formal dining area w/ the offset living room area. The finishes will blow your mind away. This home featured a true 1-car garage with tons of front parking & guest parking spots. Built in 2007! Laundry room is located downstairs. The bedrooms are all located upstairs Schedule your viewing today and come see your new dream home! The HOA includes wifi, cable, exterior maintenance clubhouse access to the community pool, gym, & playground. Benefit of low taxes!

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Location


Property Details


Parking

  • Description: Attached, Garage, Guest, TwoOrMoreSpaces
  • Details: Attached, Garage, Guest
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Stories: 2

Exterior Features

  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • HOA Fee: $325/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Townhouse

Lot Information

  • Parcel ID: 3069340216190
  • Lot Size: 0 sqft

Property Information

  • Property Type: Townhouse
  • Style: None
  • Year Built: 2007

Tax Information

  • Annual Tax: $1,588

Utilities

  • Heating: Central
  • Cooling: Central Air

Location

  • County: Miami Dade

Listing Details


Listed by:
Jeffrey Corriolan PA
Compass Florida, LLC
(305) 542-6470

Source:
MIAMI REALTORS MLS
MLS#: A11730617
MIAMI REALTORS MLS

Investment Summary


Monthly Cash Flow
-$518
Cap Rate
4.6%
Cash-on-Cash Return
-6.9%
Debt Coverage Ratio
0.74
Internal Rate of Return (5 years)
-2.7%

Purchase Details

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Purchase price:
$389,000
Amount financed:
-$311,200
Down payment:
$77,800
Closing costs:
$11,670
Rehab costs:
$0
Initial cash invested:
$89,470
Square feet:
1,850
Cost per square foot:
$210
Monthly rent per square foot:
$1.51

Financing Details

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Loan amount:
$311,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,993
Property tax:
$132
Insurance:
$196
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,321

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,800 $33,600
Vacancy loss: (6%)
6% -$168 -$2,016
Operating income:
$2,632 $31,584

Operating Expenses


% Rent Monthly Yearly
Property taxes: (5%)
5%-$132-$1,588
Insurance: (7%)
7%-$196-$2,352
Property management: (8%)
8%-$224-$2,688
Repairs & maintenance: (5%)
5%-$140-$1,680
Capital expenditures: (5%)
5%-$140-$1,680
HOA fees: (12%)
12%-$325-$3,900
Total operating expenses: (41%)
41%-$1,157-$13,888

Cash Flow


Monthly Yearly
Net operating income:
$1,475 $17,700
Mortgage payments:
-$1,993 -$23,916
Cash flow:
$518 $6,216