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S Canal Dr
Homestead, FL 33035
Asking Price
$5.50M
Asset Type
Commercial Land
Class
Class B
What's Special
±6.09-acre approved 55+ site, also for townhouses, near US-1 & Turnpike. <p>.09-Acre Corner Site</p><p> ✔ Approved 55+ Development</p><p> ✔ Townhome Alternative Available</p><p> ✔ Near Permit-Ready Plans</p><p> ✔ Reduced Entitlement Risk</p><p> ✔ Prime South Dade Growth Corridor</p><p> ✔ Excellent Highway Connectivity</p><p> ✔ Significant Time & Cost Savings to Developer</p>
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NOI
$80,000
Cap Rate
1.45%
DSCR
0.24
Underwater
Cash-on-Cash
-14.94%
Monthly Payment
$27,210.999
Annual Cash Flow
$-246,531.989
