11532 SW 248th Ln, Homestead, FL 33032 — MLS photo

Active · Villa

$365,990

11532 SW 248th Ln, Homestead, FL 33032

Beds: 3
Baths: 3
Living area: 1,524 sq ft
$ / sq ft: $240/sq ft
Year built: 2016
Lot size: —
HOA fee: $226 Monthly
Annual tax: $6,650

About this property

BEAUTIFUL VILLA 3 BED, 2.5 BATH IN ARTESA. OFFER MANY COMMUNITY AMENITIES: CLUBHOUSE, HEATED POOL AND FITNESS CENTER. PLENTY OF GREEN SPACES IDEAL FOR WALKING AND EXERCISING SAFELY. ITS LOCATION IS IDEAL, TURPIKE ACCESS FAST, IT HAS NEARBY SCHOOL, SHOPPING CENTER, BANKS AND FHARMACY. THIS PROPERTY IS AN EXCELLENT INVESTMENT OPPORTUNITY, THE PROPERTY IS CURRENTLY RENTED OUT UNTIL DECEMBER 2026. THE CURRENT TENANTS HAVE BEEN THERE FOR SEVERAL YEARS, PAID ON TIME, AND ARE WILLING TO STAY ON IF THE NEW OWNER AGREES.

Property location

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11532 SW 248th Ln, Homestead, FL 33032

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Facts & features

Interior

Bedrooms: 3
Bathrooms: 3
Living area: 1,524 sq ft
Flooring: Carpet, Ceramic Tile
Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer
Cooling: Central Air
Heating: Electric
Interior features: Breakfast Area, Closet Cabinetry, Eat In Kitchen, First Floor Entry, Kitchen Island, Living Dining Room, Shower Only, Upper Level Primary, Walk In Closets
Furnished: Unfurnished

Exterior & Structure

Property type: Villa
Year built: 2016
Stories: 2
Architectural style: Other
Construction: Brick, Block
Exterior features: Fence, Patio, Storm Security Shutters
Pool: Association
View: None

Parking

Garage spaces: 2
Covered spaces: 2
Parking features: Assigned, Detached, Garage, Guest, Two Or More Spaces

HOA, Community & Financials

Association fee: $226 Monthly
Fee inclusions: Recreation Facilities, Sewer, Security, Trash
Amenities: Clubhouse, Fitness Center, Barbecue, Picnic Area, Playground, Pool
Security: Complex Fenced, Door Man, Key Card Entry, Security Guard, Smoke Detectors
Pets allowed: Conditional, No
Annual tax: $6,650
Subdivision: COCO PALM ESTATES
County: Miami-Dade
Days on market: 150
MLS listing ID: A12017306
Listing status: Active

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

Down payment (%)

Interest rate (%)

Loan term (yrs)

Monthly rent ($)

Monthly HOA ($)

Property taxes ($/yr)

Home insurance ($/yr)

Vacancy (%)

Estimated monthly cash flow

$646

Cap rate: 7.8%
Net yield: 7.8%
Cash-on-cash return: 7.6%
Gross yield: 12.3%
Mortgage payment: $1,735/mo
Down payment: $91,498
Loan amount: $274,493
Annual NOI: $28,576

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