18950 SW 240th St, Homestead, FL 33031 — MLS photo

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18950 SW 240th St, Homestead, FL 33031

Active · SingleFamilyResidence

$1,050,000

18950 SW 240th St, Homestead, FL 33031

Beds
5
Baths
4
Living area
3,391 sq ft
$ / sq ft
$310/sq ft
Year built
1962
Lot size
42,253 sq ft
HOA fee
—
Annual tax
—

About this property

PRESENTED FOR IMMEDIATE SALE! THIS RARE OPPORTUNITY IS NESTLED AMONGST THE OPEN AIR OF THE MIAMI DADE COUNTY REDLAND NEIGHBORHOOD. HERE WE HAVE AN EXCEPTIONAL PRIVATE COUNTRY ESTATE WHICH FEATURES A LARGE TWO STORY FIVE-BEDROOM 3.5 BATH HOME WITH A ONE CAR GARAGE. TWIN MASTER BEDROOMS (UPSTAIRS AND DOWNSTAIR RESPECTIVELY) AND TWO GROUND FLOOR LIVING ROOMS ON WOOD FLOORS THAT EXTEND THROUGH THE UPDATED KITCHEN INTO THE SEPARATE DINING ROOM. A MAGNIFICENT SECOND STORY BALCONY AMONGST THE TREE TOPS AND THE LOVELY BACK PORCH FRAMED BY FOLIAGE ARE RESPECTIVELY PERFECT FOR STARGAZING AND ENTERTAINING. COME FEEL THE PEACE AND TRANQUILITY OF THE MATURE LYCHEE GROVE THAT PROVIDES ANNUAL INCOME AND AGRICULTURAL PROPERTY TAX DISCOUNT. IT IS AN ISLAND OF PARADISE ON NEARLY AN ACRE OF LAND WITH SPACE-ENOUGH FOR BOAT, RV, HORSES, ETC. NO HOA TO HARASS YOU AND NO CDD ON YOUR TAX BILL! PROPERTY IS OCCUPIED. SHOWINGS ARE LIMITED TO SERIOUSLY INTERESTED BUYERS, ESCORTED BY LICENSED REALTOR, OR PROPERTY MANAGER. BUYERS MUST DEMONSTRATE MORTGAGE PRE-QUALIFICATION OR PROOF OF FUNDS PRIOR TO SCHEDULING APPOINTMENT FOR A TOUR OF THE PROPERTY. TEXT MICHAEL FOR MORE PHOTOS, VIDEO FOOTAGE, AND GREATER DETAILS.

Property location

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18950 SW 240th St, Homestead, FL 33031

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Facts & features

Interior

Bedrooms
5
Bathrooms
4
Living area
3,391 sq ft

Exterior & Structure

Property type
SingleFamilyResidence
Year built
1962
Lot size
42,253 sq ft

Parking

Not provided in the MLS listing.

HOA, Community & Financials

County
Miami-Dade
MLS listing ID
A12016047
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

$839

Cap rate
6.6%
Net yield
6.6%
Cash-on-cash return
3.4%
Gross yield
10.3%
Mortgage payment
$4,978/mo
Down payment
$262,500
Loan amount
$787,500
Annual NOI
$69,803

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.