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Condominium
$280,000$238 / sqft
945 NE 34th Ave # 204, Homestead FL 33033
Listed
3
Bedrooms
2
Bathrooms
1,176 sqft
Interior
2005
Year built
$365 / mo
HOA
Condominium
Type
About this home
Excellent investment opportunity in the gated community of Monterey at Malibu Bay in Homestead. Spacious and well-maintained 3-bedroom, 2-bathroom second-floor condo offering a functional layout with comfortable living and dining areas, ample natural light, and a practical kitchen design. This property is currently rented for $2,300 per month with a lease in place through August 2026, providing immediate and stable rental income for investors. Located in a well-maintained gated community featuring resort-style amenities including a clubhouse, swimming pool, fitness center, and recreational areas. The property offers convenient access to major highways, shopping centers, restaurants, schools, and everyday conveniences. Homestead continues to experience strong rental demand, making this unit an attractive long-term investment opportunity. Ideal for investors seeking a property with reliable cash flow already in place.
Features
- Second Floor Entry
- Other
- Lagoon
Leasing
- Minimum lease
- 360 days
- Leases permitted per year
- 1
- No Daily Rentals
- Ok To Lease
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
Location
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 3-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $3,300–$12,000.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.