2911 SE 13th Ave Unit 102-49 · Homestead, FL 33035

$180,000

2 bd · 2.0 ba · 822 sqft · Condo · 424 Days on market

Built 2005 $370/mo HOA · 19% 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 +10.4/30.0
• ARV discount +7.5/15.0
• 1% rule +5.7/10.0
• Schools +4.2/10.0
• Livability +3.9/5.0
• DSCR +3.0/10.0
• Condition / age +2.5/5.0
• Appreciation +2.4/10.0
• Rent growth +1.7/5.0

Listing remarks

Experience the charm of this ground-floor 2 bed, 2 bath condo in a secure, guard-gated community. The residence is bright and airy, with access to a community pool. Conveniently located near shopping, schools, entertainment, parks, and military bases, with quick access to the Turnpike and US1. Embrace a lifestyle that combines comfort, convenience, and community amenities.

Key facts

• Quick access to us1
• Community pool
• Ground-floor condo

Tags

• GROUND-FLOOR CONDO
• GUARD-GATED COMMUNITY
• COMMUNITY POOL
• QUICK ACCESS TO TURNPIKE
• QUICK ACCESS TO US1

Property features AI

Finance

• Financial info: Lease considered; Pets allowed with restrictions or conditions
• HOA & community: Monthly association fee of $370; Association fee includes amenities

Exterior

• Parking: Guest parking; One assigned space
• Security: Complex fenced
• Utilities: Has cooling (central air); Has heating (central)
• Home design: Attached property; 2 stories; Resale property
• Construction: Block construction
• Exterior features: Complex is fenced; Faces west; Entry located on level 1

Interior

• Kitchen: Dishwasher; Electric range; Disposal; Refrigerator
• Flooring: Tile; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Blinds; First-floor entry; Other interior features
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $180k.

Deal economics

• At list price, monthly cash flow is $-95 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $166k (7.6% below list).
• Meets the 1% rule at list price ($2k rent vs $180k).
• Recommended offer: $158k (12.0% below list) — sets the bar for market timing.
• Cap rate 5.7% vs local median 3.5% in Homestead — 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 78/100 on livability (#158 in FL, #2,408 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, health & safety A+; Watch: employment C-.
• 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.
• Zoned schools: Gateway Environmental K-8 Learning Center (math 23% / reading 34%, grade F, #1,943 of 2,144 statewide, top 91%, 1,355 students, 74% FRL); Homestead Middle School (math 23% / reading 25%, grade F, #532 of 571 statewide, top 94%, 666 students, 81% FRL); Homestead Senior High School (math 24% / reading 23%, grade F, #533 of 667 statewide, top 80%, 2,020 students, 74% FRL).
• Zoned-school proficiency averages 25% at this address vs 50% district-wide (-24 pts) — the specific schools serving this property underperform the Miami-Dade average; the district grade overstates school quality for this exact location.
• Market conditions: Rents falling (-3.2%/yr); 466 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 23d 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).
• This rent runs 34% of the median local income ($68k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k 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 424 days — a 12% lower offer ($158k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y ago; this cycle's ask has dropped $30k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→32/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $158,400 (12.0% 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 424 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. 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?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
8. 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?
9. 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.
10. 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.
11. 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: 1.07% ✓
• Cap rate: 5.66%
• Cash-on-cash: -2.27%
• DSCR: 0.90
• GRM: 7.8

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: -24.4%
• Equity multiple: 0.19×
• Total profit: $-40,605
• Equity at exit: $26,839

10-year hold

• IRR: -38.3%
• Equity multiple: -0.27×
• Total profit: $-63,892
• Equity at exit: $15,563

Cash invested: $50,400 (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 33035

• Home prices YoY: -1.4%
• Rents YoY: -3.2%
• Active inventory: 466
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $1,923 high
• Mortgage (P&I): −$944
• Tax est. 1.5%: −$225 /mo · $2,700/yr
• Insurance: −$75
• HOA: −$370
• Vacancy / Maint / Mgmt: −$404
• Net cashflow: $-95

Break-even live

Break-even rent $2,043

Max offer price $166,234

Occupancy floor 100%

Sensitivity live

Price	-10% $29	-5% $-33	+0% $-95	+5% $-157	+10% $-220
Rent	-10% $-247	-5% $-171	+0% $-95	+5% $-19	+10% $57
Rate	-1.0pp $-4	-0.5pp $-49	base $-95	+0.5pp $-142	+1.0pp $-189

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: $45,000
• Closing costs: $5,400
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2921 SE 13th Ave Unit 106-48 Homestead, FL	3.0	2.0	1099	$1,800	$1.64	26d	1	0.02mi
2911 SE 13th Ave Unit 202-49 Homestead, FL	2.0	2.0	815	$1,650	$2.02	26d	1	0.02mi
2910 SE 13th Rd Homestead, FL	3.0	2.0	1099	$2,150	$1.96	26d	1	0.03mi
2901 SE 13th Rd Unit 105-41 Homestead, FL	2.0	2.0	822	$1,850	$2.25	0d	1	0.04mi
2901 SE 13th Rd Unit 105-41 Homestead, FL	2.0	2.0	822	$1,900	$2.31	26d	1	0.04mi
2931 SE 13th Ave Unit 104-47 Homestead, FL	2.0	2.0	822	$1,790	$2.18	26d	1	0.05mi
2931 SE 13th Ave Unit 202-47 Homestead, FL	2.0	2.0	815	$1,750	$2.15	23d	1	0.05mi
2930 SE 13th Ave Unit 202-52 Homestead, FL	2.0	2.0	815	$2,000	$2.45	0d	1	0.06mi
2921 SE 13th Rd Unit 104-39 Homestead, FL	2.0	2.0	822	$1,790	$2.18	9d	1	0.07mi
2921 SE 13th Rd Unit 104-39 Homestead, FL	2.0	2.0	822	$1,790	$2.18	5d	1	0.07mi
1300 SE 31st Ct Unit 201-36 Homestead, FL	3.0	2.0	1024	$2,000	$1.95	12d	1	0.08mi
1300 SE 31st Ct Unit 201-36 Homestead, FL	3.0	2.0	1024	$2,100	$2.05	26d	1	0.08mi
1250 SE 29th St Unit 205-58 Homestead, FL	2.0	2.0	815	$1,700	$2.09	22d	1	0.11mi
1260 SE 31st Ct Unit 204-34 Homestead, FL	2.0	2.0	815	$1,700	$2.09	19d	1	0.11mi
1271 SE 28th Ct Homestead, FL	2.0	2.0	818	$1,775	$2.17	4d	2	0.13mi
1271 SE 28th Ct #105 Homestead, FL	2.0	2.0	822	$1,800	$2.19	7d	1	0.13mi
2931 SE 12th Rd Unit 204-55 Homestead, FL	2.0	2.0	815	$1,750	$2.15	26d	1	0.13mi
1251 SE 29th St Unit 105-26 Homestead, FL	2.0	2.0	822	$1,750	$2.13	26d	1	0.13mi
1251 SE 29th St Unit 103-26 Homestead, FL	2.0	2.0	822	$1,800	$2.19	22d	1	0.13mi
1251 SE 29th St Unit 105-26 Homestead, FL	2.0	2.0	822	$1,750	$2.13	9d	1	0.13mi
2930 SE 12th Rd Unit 204-31 Homestead, FL	2.0	2.0	815	$1,850	$2.27	26d	1	0.16mi
2930 SE 12th Rd Unit 203-31 Homestead, FL	2.0	2.0	815	$1,750	$2.15	26d	1	0.16mi
1241 SE 29th St Unit 203-27 Homestead, FL	2.0	2.0	815	$1,650	$2.02	22d	1	0.16mi
2701 SE 12th Pl #102 Homestead, FL	2.0	2.0	822	$1,800	$2.19	18d	1	0.18mi
1271 SE 27th St #101 Homestead, FL	3.0	2.0	1099	$1,915	$1.74	16d	1	0.19mi
1271 SE 27th St #101 Homestead, FL	3.0	2.0	1099	$1,900	$1.73	12d	1	0.19mi
2528 SE 14th Ave Homestead, FL	1.0	1.0	775	$3,000	$3.87	7d	1	0.28mi
1661 SE 29th Ct Homestead, FL	3.0	2.0	1076	$2,025	$1.88	18d	2	0.29mi
1658 SE 28th Ct #200 Homestead, FL	3.0	2.0	1076	$2,500	$2.32	26d	1	0.30mi
1250 SE 26th St #204 Homestead, FL	2.0	2.0	815	$1,875	$2.30	26d	1	0.31mi
1656 SE 29th Ct Homestead, FL	3.0	2.0	1113	$1,950	$1.75	6d	2	0.31mi
1656 SE 29th Ct Homestead, FL	3.0	2.0	1113	$1,950	$1.75	12d	2	0.31mi
2755 SE 16th Ave Homestead, FL	3.0	2.0	1076	$1,900	$1.77	26d	1	0.32mi
2755 SE 16th Ave #103 Homestead, FL	3.0	2.0	1060	$2,000	$1.89	26d	1	0.32mi
1666 SE 27th Ct Homestead, FL	3.0	2.0	1113	$1,800	$1.62	16d	2	0.33mi
1539 SE 27th St #107 Homestead, FL	3.0	2.0	1060	$2,000	$1.89	0d	1	0.33mi
1539 SE 27th St #201 Homestead, FL	2.0	2.0	930	$1,700	$1.83	19d	1	0.33mi
1539 SE 27th St #201 Homestead, FL	2.0	2.0	930	$1,700	$1.83	26d	1	0.33mi
2735 SE 16th Ave #100 Homestead, FL	3.0	2.0	1060	$1,790	$1.69	26d	1	0.34mi
2903 SE 17th Ave #211 Homestead, FL	3.0	2.0	1076	$2,000	$1.86	26d	1	0.35mi

HOA detail condo

• Monthly dues: $370 · $4,440/yr
• Likely covers: poolsecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 19 events

1. 2026-06-22
   days on market $180,000 Active 424 DOM
2. 2026-06-18
   days on market $180,000 Active 421 DOM
3. 2026-06-17
   days on market $180,000 Active 420 DOM
4. 2026-06-16
   days on market $180,000 Active 419 DOM
5. 2026-06-15
   days on market $180,000 Active 418 DOM
6. 2026-06-13
   days on market $180,000 Active 416 DOM
7. 2026-06-09
   days on market $180,000 Active 412 DOM
8. 2026-06-08
   days on market $180,000 Active 411 DOM
9. 2026-06-08
   days on market $180,000 Active 410 DOM
10. 2026-06-04
    days on market $180,000 Active 407 DOM
11. 2026-06-03
    days on market $180,000 Active 406 DOM
12. 2026-06-02
    days on market $180,000 Active 405 DOM
13. 2026-06-01
    days on market $180,000 Active 404 DOM
14. 2026-05-31
    days on market $180,000 Active 403 DOM
15. 2026-04-02
    price $180,000
16. 2025-05-06
    historical $1,750
17. 2025-04-23
    listed $210,000 Active
18. 2025-03-12
    price $1,750
19. 2024-12-31
    listed $1,850

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 55% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 32 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: $23,070
• − Mortgage interest: −$10,083
• − Property taxes: −$2,700
• − Insurance: −$900
• − Repairs & maintenance: −$1,846
• − Management: −$1,846
• − HOA: −$4,440
• − Depreciation: −$5,236
• Taxable loss: −$3,980
• Est. tax savings @ 24.0%: +$955
• After-tax cash flow: $-186/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 — Homestead

• Score: 78/100
• State rank: #158
• US rank: #2408

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Homestead, FL
• County: Miami-Dade County · 2,697,751 people
• City population: 191,470
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 17,202
• Household income: $68,354
• Rent vs Own: 49.5% rent · 50.5% own
• Severe rent burden: 687.0

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: Diverse neighborhood (Simpson 0.55)
• Race & ethnicity: Hispanic / Latino 63% Two or more races 35% Black 18% White 12%
• Hispanic origin (detail): Mexican 6% Puerto Rican 13% Cuban 25% Dominican 2% Salvadoran 1%
• Common ancestry: Hispanic 6% Lithuanian 3% Estonian 1%
• Foreign-born: 33% · Canada, Dominican Republic, Jamaica
• Languages at home: 32% English-only · Spanish 60% French/Haitian/Cajun 7% Other Indo-European 1%

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: ▼ -5.24%
• Current HPI: 369.3031
• Rent YoY: ▼ -3.20%
• 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

+9629.7% since first listed

5 events — show timeline

• 2026-04-02 Price Changed $180,000 MARMLS
• 2025-05-06 Rental Removed $1,750 MARMLS
• 2025-04-23 Listed $210,000 MARMLS
• 2025-03-12 Price Changed $1,750 MARMLS
• 2024-12-31 Listed for Rent $1,850 MARMLS