For SaleRisky Deal0 days on market
640 SE 22nd Ln
640 SE 22nd Ln, Homestead, FL 33033, Homestead, FL 33033
$359,990
Listing Price
640 SE 22nd Ln, Homestead, FL 33033
Loc: Homestead, FL
Days Listed
0
Tax Assessed
$284k
Lot Size
3,738 sqft
Type
single family
More Than Just a Property
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4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
4
Gateway Environmental K-8 Learning Center
PK-8
0.4 mi away
3
Homestead Senior High School
PK,9-12
1.3 mi away
5
Homestead Middle School
6-8
2.4 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
ranch-stylesuburbanwaterfrontlake-viewsingle-storystuccoresidentialattached-garagetropical-landscapinglow-pitched-roofneighborhoodcommunity-setting
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
6.02%
Total ROI
89.7%
Cash Flow
$-63/mo
DSCR
0.97
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-63/mo net cash flow with a 6.0% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.0%)
- • Strong rental demand in Homestead
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-24 | Listed for sale | $359,990 | $304 |
| 2021-11-09 | Sold | $270,000 | $228 |
| 2021-10-13 | Pending sale | $269,000 | $227 |
| 2021-10-09 | Listed for sale | $269,000 | $227 |
| 2013-05-23 | Sold | $112,000 | $95 |
| 2013-03-03 | Pending sale | $120,000 | $101 |
| 2013-02-14 | Listed for sale | $120,000 | $101 |
| 2012-03-07 | Listing removed | $1,500 | $1 |
| 2012-03-04 | Listed for rent | $1,500 | $1 |
| 1998-10-05 | Sold | $95,000 | $80 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $1,109 | $87,375 |
| 2024 | $1,032.04 | $84,913 |
| 2023 | $994.93 | $82,440 |
| 2022 | $874.71 | $80,039 |
| 2021 | $3,574.07 | $139,762 |
| 2020 | $2,807.8 | $127,057 |
| 2019 | $2,636.66 | $118,883 |
| 2018 | $2,412.72 | $110,738 |
| 2017 | $2,412.72 | $104,101 |
| 2016 | $2,296.61 | $96,008 |
| 2015 | $2,004.15 | $87,280 |
| 2014 | $1,877.1 | $79,346 |
| 2013 | $1,353.57 | $66,191 |
| 2012 | $1,353.57 | $59,292 |
| 2011 | $1,631.44 | $70,933 |
| 2010 | $1,811.23 | $74,076 |
| 2009 | $2,604.22 | $112,360 |
| 2007 | $3,737.47 | $172,354 |
| 2006 | $3,246.33 | $0 |
| 2005 | $3,246.33 | $0 |
| 2004 | $2,739.49 | $0 |
| 2003 | $1,930.89 | $0 |
| 2002 | $1,818.33 | $0 |
| 2001 | $1,818.33 | $0 |
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