35250 SW 177th Ct Unit 19 · Florida City, FL 33034

$275,000

3 bd · 2.0 ba · 1,690 sqft · Condo public records · 66 Days on market

Built 1993 $170/mo HOA · 6% of rent

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +15.8/30.0
• ARV discount +7.5/15.0
• DSCR +4.9/10.0
• 1% rule +4.7/10.0
• Schools +4.2/10.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Rent growth +1.8/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Come to your home in the Gateway of the Keys! Meticulously maintained, extra large, mobile home in a Secure, gated community. This is your island oasis just off the island with lush, tropical landscape and fenced, plush- grass backyard. Plenty of parking for extra vehicles too! Located near shopping, restaurants, attractions, boating access and just about 15 minutes to Key Largo. Have the best of both worlds!

Key facts

• Gated community
• Tropical landscape
• Fenced backyard

Tags

• GATED COMMUNITY
• TROPICAL LANDSCAPE
• FENCED BACKYARD
• BOATING ACCESS

Property features AI

Finance

• Other: Pets allowed; Rentals allowed with restrictions; Property sits on less than 1/4 acre (approximately 0.11 acre); Zoning: Other; Community amenities include community pool, clubhouse, tennis courts, manager on premises, and other area features
• Financial info: Seller financing possible; also FHA, Conventional, or Cash accepted
• HOA & community: Mandatory homeowners association; Monthly association fee of $170; Association fees cover sewer, security, and common area maintenance; Condo documents available; No first right of refusal

Exterior

• Parking: Attached carport; Off-street parking
• Security: Electric gate
• Utilities: Municipal sewer / public sewer hook-up; Water on separate meter; Electric on separate meter; Cable available; Pre-wired for cable
• Home design: Double wide manufactured home; Updated / remodeled; Located on Bay/Gulf side
• Construction: Manufactured construction; Combo roof; Built in 1993
• Exterior features: In-ground concrete pool; Screened patio; Fencing; Sprinkler system; Shed; Outdoor shower; Landscape lighting; Gutters; Bahama shutters

Interior

• Kitchen: Refrigerator; Oven; Microwave; Dishwasher; Disposal
• Bedrooms: Bedroom(s) with walk-in closet
• Flooring: Tile flooring; Laminate flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heat; Central A/C; Ceiling fans
• Interior features: Window treatments and drapes/blinds included; Built-in cabinets; Walk-in closet; Storage space; Pantry; Smoke alarms
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath condo listed at $275k.

Deal economics

• At list price, monthly cash flow is $-27 ($-327/yr) — negative.
• To cash-flow at today's rent, offer at most $270k (1.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $267k (2.8% below list).
• Recommended offer: $258k (6.0% below list) — sets the bar for market timing.
• Cap rate 6.8% vs local median 4.2% in Florida City — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 65/100 on livability (#654 in FL) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: schools F, crime F, amenities F.
• Miami-Dade (suburban): math 45% / reading 54% proficiency, ranked #40 of 73 in FL (top 55%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents soft (-2.9%/yr); 612 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 10,051 units permitted in Miami-Dade County in 2024 (7,758 in 5+ unit buildings).
• At $2,674/mo this rent would consume 68% of the median local household income ($47k/yr) (locally 1516% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Miami-Dade County population projected at +28% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 66 days — a 6% lower offer ($258k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 4y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $210k; 31% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $152/mo.
• Climate carrying-cost: in FEMA flood zone AH (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 8→35/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $258,499 (6.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 66 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
9. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
10. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
11. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
12. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
13. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.97% ✗
• Cap rate: 6.84%
• Cash-on-cash: 1.94%
• DSCR: 1.09
• GRM: 8.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -20.8%
• Equity multiple: 0.30×
• Total profit: $-53,949
• Equity at exit: $41,003

10-year hold

• IRR: -24.5%
• Equity multiple: -0.02×
• Total profit: $-78,741
• Equity at exit: $23,777

Cash invested: $77,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 33034

• Home prices YoY: -5.9%
• Rents YoY: -2.9%
• Active inventory: 612
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $2,674 high
• Mortgage (P&I): −$1,442
• Tax from tax record: −$261 /mo · $3,135/yr
• Insurance: −$115
• Flood insurance flood zone: −$152 /mo · $1,824/yr
• HOA: −$170
• Vacancy / Maint / Mgmt: −$562
• Net cashflow: $-27

Break-even live

Break-even rent $2,709

Max offer price $270,182

Occupancy floor 96%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $68,750
• Closing costs: $8,250
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
82 SW 3rd Ct Florida City, FL	3.0	2.0	1275	$2,950	$2.31	14d	1	0.12mi
82 SW 3rd Ct Florida City, FL	3.0	2.0	1275	$2,950	$2.31	8d	1	0.12mi
582 SW 2nd Pl Homestead, FL	3.0	2.0	1276	$2,500	$1.96	24d	1	0.19mi
35303 SW 180th Ave #391 Homestead, FL	2.0	2.0	1170	$2,150	$1.84	24d	1	0.25mi
17854 SW 358th St Homestead, FL	3.0	2.5	1414	$2,400	$1.70	24d	1	0.39mi
17904 SW 358th St Homestead, FL	3.0	2.5	1450	$1,285	$0.89	5d	1	0.41mi
17920 SW 358th St Unit 17920 Homestead, FL	3.0	2.5	1504	$2,350	$1.56	3d	1	0.42mi
17920 SW 358th St Unit 17920 Homestead, FL	3.0	2.5	1504	$2,350	$1.56	20d	1	0.42mi
17851 SW 359 Ter Unit 17851 Homestead, FL	3.0	2.5	1326	$2,700	$2.04	24d	1	0.45mi
17854 SW 359th Ter Homestead, FL	3.0	2.5	1827	$2,700	$1.48	24d	1	0.47mi
409 SW 1st St Unit 1 Florida City, FL	4.0	3.0	1436	$2,500	$1.74	24d	1	0.52mi
400 SW 1st St Unit 1 Florida City, FL	4.0	3.0	1436	$2,657	$1.85	24d	1	0.53mi
617 SW 11th St Homestead, FL	3.0	2.5	1466	$2,890	$1.97	24d	1	0.53mi
617 SW 11th St Homestead, FL	3.0	2.5	1466	$3,000	$2.05	2d	1	0.53mi
17982 SW 359th Ter Homestead, FL	3.0	2.5	1410	$2,890	$2.05	14d	1	0.53mi
785 SW 6th Pl Unit 1 Homestead, FL	3.0	2.5	1600	$2,200	$1.38	17d	1	0.54mi
825 SW 6th Pl Homestead, FL	3.0	2.5	1527	$2,000	$1.31	24d	1	0.54mi
875 SW 6th Pl Unit TH Homestead, FL	3.0	2.5	1527	$2,250	$1.47	24d	1	0.55mi
681 SW 7th St #681 Florida City, FL	3.0	2.5	1600	$2,300	$1.44	22d	1	0.56mi
840 SW 6th Pl Homestead, FL	4.0	2.5	1711	$2,300	$1.34	24d	1	0.57mi
1156 SW 6th Ct Unit 1156 Florida City, FL	3.0	2.5	1466	$2,450	$1.67	24d	1	0.59mi
639 SW 3rd Ter Homestead, FL	3.0	2.0	1175	$2,850	$2.43	22d	1	0.59mi
687 SW 10th St Homestead, FL	4.0	2.5	1799	$2,200	$1.22	22d	1	0.60mi
721 SW 11th St Homestead, FL	3.0	2.5	1466	$2,400	$1.64	14d	1	0.66mi
721 SW 11th St Homestead, FL	3.0	2.5	1466	$2,400	$1.64	11d	1	0.66mi
768 SW 9th St Homestead, FL	3.0	2.0	1099	$2,250	$2.05	24d	1	0.67mi
322 NE 1st Ave Unit 1 Florida City, FL	3.0	3.0	1376	$1,700	$1.24	24d	1	0.69mi
1161 SW 7th Ct Homestead, FL	4.0	2.5	1530	$3,450	$2.25	24d	1	0.69mi
326 NE 1st Ave Unit 326 Florida City, FL	3.0	3.0	1376	$2,500	$1.82	24d	1	0.69mi
1116 SW 7th Ct Homestead, FL	3.0	2.5	1466	$2,600	$1.77	24d	1	0.70mi
1116 SW 7th Ct Homestead, FL	3.0	2.5	1466	$2,400	$1.64	2d	1	0.70mi
1181 SW 7th Ct Unit 1181 Florida City, FL	3.0	2.5	1466	$2,750	$1.88	24d	1	0.70mi
1170 SW 7th Ct #1170 Florida City, FL	3.0	2.5	1466	$2,500	$1.71	24d	1	0.71mi
408 NE 1st Dr Florida City, FL	3.0	3.0	1376	$2,700	$1.96	17d	1	0.73mi
377 NE 1st Dr Florida City, FL	3.0	2.5	1433	$2,800	$1.95	14d	1	0.74mi
334 NE 1st St Unit 334 Florida City, FL	3.0	2.5	1433	$2,800	$1.95	24d	1	0.75mi
848 SW 10th St Homestead, FL	3.0	2.0	1053	$2,200	$2.09	3d	1	0.75mi
937 SW 8th Pl Homestead, FL	3.0	2.0	1065	$2,100	$1.97	24d	1	0.76mi
377 NE 1st Ave Florida City, FL	3.0	2.5	1433	$2,800	$1.95	13d	1	0.76mi
902 SW 8th Pl Homestead, FL	3.0	2.5	1469	$2,900	$1.97	24d	1	0.76mi

HOA detail condo

• Monthly dues: $170 · $2,040/yr
• Likely covers: security
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 23 events

1. 2026-06-18
   days on market $275,000 Active 66 DOM
2. 2026-06-17
   days on market $275,000 Active 65 DOM
3. 2026-06-16
   days on market $275,000 Active 64 DOM
4. 2026-06-15
   days on market $275,000 Active 63 DOM
5. 2026-06-13
   days on market $275,000 Active 61 DOM
6. 2026-06-09
   days on market $275,000 Active 57 DOM
7. 2026-06-08
   days on market $275,000 Active 56 DOM
8. 2026-06-07
   days on market $275,000 Active 55 DOM
9. 2026-06-04
   days on market $275,000 Active 52 DOM
10. 2026-06-03
    days on market $275,000 Active 51 DOM
11. 2026-06-02
    days on market $275,000 Active 50 DOM
12. 2026-06-01
    days on market $275,000 Active 49 DOM
13. 2026-05-31
    days on market $275,000 Active 48 DOM
14. 2026-05-15
    price $275,000
15. 2026-04-13
    listed $280,000 Active
16. 2022-08-25
    soldstatus $210,000 Closed 415-char remark

    Show marketing remark (415 chars)

    Come to your home in the Gateway of the Keys! Meticulously maintained, extra large, mobile home in a Secure, gated community. This is your island oasis just off the island with lush, tropical landscape and fenced, plush- grass backyard. Plenty of parking for extra vehicles too! Located near shopping, restaurants, attractions, boating access and just about 15 minutes to Key Largo. Have the best of both worlds!

17. 2022-08-25
    soldstatus $210,000

    Show marketing remark (415 chars)

    Come to your home in the Gateway of the Keys! Meticulously maintained, extra large, mobile home in a Secure, gated community. This is your island oasis just off the island with lush, tropical landscape and fenced, plush- grass backyard. Plenty of parking for extra vehicles too! Located near shopping, restaurants, attractions, boating access and just about 15 minutes to Key Largo. Have the best of both worlds!

18. 2022-07-15
    historical 415-char remark

    Show marketing remark (415 chars)

    Come to your home in the Gateway of the Keys! Meticulously maintained, extra large, mobile home in a Secure, gated community. This is your island oasis just off the island with lush, tropical landscape and fenced, plush- grass backyard. Plenty of parking for extra vehicles too! Located near shopping, restaurants, attractions, boating access and just about 15 minutes to Key Largo. Have the best of both worlds!

19. 2022-07-14
    listed $210,000 415-char remark

    Show marketing remark (415 chars)

    Come to your home in the Gateway of the Keys! Meticulously maintained, extra large, mobile home in a Secure, gated community. This is your island oasis just off the island with lush, tropical landscape and fenced, plush- grass backyard. Plenty of parking for extra vehicles too! Located near shopping, restaurants, attractions, boating access and just about 15 minutes to Key Largo. Have the best of both worlds!

20. 2001-05-08
    soldstatus $60,000
21. 2000-06-28
    soldstatus $30,500
22. 1985-04-01
    soldstatus $45,000
23. 1982-07-01
    soldstatus $12,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $3,135 · $261/mo
• Projected year-2 tax: $3,135 · $261/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone AH · 54% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 10/10 Extreme 8 d/yr ≥108°F today · 35 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $32,092
• − Mortgage interest: −$15,404
• − Property taxes: −$3,135
• − Insurance: −$3,200
• − Repairs & maintenance: −$2,567
• − Management: −$2,567
• − HOA: −$2,040
• − Depreciation: −$8,000
• Taxable loss: −$4,821
• Est. tax savings @ 24.0%: +$1,157
• After-tax cash flow: $830/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Miami-Dade
• NCES district ID: 1200390
• Math proficiency: 45% ▼ -16.00%
• Reading proficiency: 54% ▼ -5.00%
• Median HH income: $43,928
• Composite: 41.76/100
• National rank: #3397
• State rank: #40 of 73 in FL

Livability — Florida City

• Score: 65/100
• State rank: #654
• US rank: #13036

Category grades

Amenities F Commute A+ Cost of living A+ Crime F Employment F Housing A+ Health & safety B+ User ratings C

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Miami-Dade County · 2,697,751 people
• City population: 23,823
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 23,823
• Household income: $47,170
• Rent vs Own: 64.1% rent · 35.9% own
• Severe rent burden: 1516.0

Population outlook (Miami-Dade County) Hauer SSP2

• Today (2025): 3,126,439 people
• By 2030: 3,325,765 · +6.4%
• By 2040: 3,697,561 · +18.3%
• By 2050: 4,012,134 · +28.3%
• By 2075: 4,605,612 · +47.3%
• By 2100: 4,866,598 · +55.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority Hispanic (62%)
• Race & ethnicity: Hispanic / Latino 62% Black 28% Two or more races 24% White 8%
• Hispanic origin (detail): Mexican 20% Puerto Rican 5% Cuban 13% Dominican 2%
• Common ancestry: Hispanic 4%
• Foreign-born: 34% · Canada, Dominican Republic, Guatemala
• Languages at home: 38% English-only · Spanish 56% French/Haitian/Cajun 5%

Political lean MEDSL · Miami-Dade

• 2024 margin: R (+11.4) · D 43.9% · R 55.4%
• 2008→2024 swing: -27.6pp toward R · 2008: 16.1pp · 2024: -11.4pp
• All cycles: 2024: R+11.4 2020: D+7.3 2016: D+29.6 2012: D+23.7 2008: D+16.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -32.64%
• Current HPI: 521.6856
• Rent YoY: ▼ -2.85%
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+2191.7% since first listed

10 events — show timeline

• 2026-05-15 Price Changed $275,000 FLKMLS
• 2026-04-13 Listed $280,000 FLKMLS
• 2022-08-25 Sold (Public Records) $210,000 Public Records
• 2022-08-25 Sold (MLS) $210,000 FLKMLS
• 2022-07-15 Listing Removed — FLKMLS
• 2022-07-14 Listed $210,000 FLKMLS
• 2001-05-08 Sold (Public Records) $60,000 Public Records
• 2000-06-28 Sold (Public Records) $30,500 Public Records
• 1985-04-01 Sold (Public Records) $45,000 Public Records
• 1982-07-01 Sold (Public Records) $12,000 Public Records

Property tax history

+13.9%/yr

Latest (2025): $3,135 · +5.7% YoY. Source: county tax records.