19755 SW 241st Ter · Homestead, FL 33031

$835,000

4 bd · 2.0 ba · 2,014 sqft · SingleFamily public records · 27 Days on market

Built 1977 0.37 ac lot

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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 +10.2/30.0
• ARV discount +7.5/15.0
• Appreciation +5.9/10.0
• Schools +4.2/10.0
• Livability +3.9/5.0
• DSCR +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.3/10.0

Listing remarks MLS

This is a beautiful spacious home with 4 bedrooms, 2 baths, and a 2 car garage. Home is turn key ready, tile throughout with lovely modern fixtures. Sought after community, family oriented. Large yard with fruit trees and space for entertaining. Washer/Dryer within home. No association fee. Owner Motivated. Will not last.

Key facts

• Designer kitchen
• Quartz countertops
• Remodeled pool home

Tags

• REMODELED POOL HOME
• OVERSIZED LANDSCAPED LOT
• DESIGNER KITCHEN
• QUARTZ COUNTERTOPS
• OUTDOOR KITCHEN
• TIKI-STYLE PAVILION

Property features AI

Finance

• Financial info: Pets allowed with possible restrictions

Exterior

• Parking: Attached garage; 2 covered parking spaces; Driveway; Parking pad
• Utilities: Public water; Public sewer
• Home design: Single-story home; Faces south; Effective year built (updated/effective year)
• Construction: Brick and shingle siding construction; Shingle roof
• Exterior features: Deck; Open deck; Porch; Barbecue / outdoor grill; Fence; Fruit trees; Shed(s); In-ground pool with pool equipment

Interior

• Kitchen: Dishwasher; Electric range; Disposal; Microwave; Refrigerator; Wine cooler
• Flooring: Tile; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air; Ceiling fans
• Interior features: First-floor entry; Main-level primary bedroom; Vaulted ceilings; Skylights
• Laundry & utility: Washer hookup; Dryer hookup; Washer; Dryer; Utility room; Laundry room

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $835k.

Deal economics

• At list price, monthly cash flow is $-625 ($-7k/yr) — negative.
• To cash-flow at today's rent, offer at most $725k (13.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $608k (27.1% below list).
• Recommended offer: $608k (27.1% below list) — sets the bar for 1% rule.
• Cap rate 5.6% 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.
• Market conditions: 126 active listings in the ZIP; 4 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).

Forward outlook

• In year one you build about $21k of equity ($6k loan paydown + $15k appreciation (1.8% local appreciation)).
• Miami-Dade County population projected at +28% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 3, paydown + projected appreciation supports a ~$53k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 27 days — a 2% lower offer ($822k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 11y 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 $355k; list at $835k implies a 135% gain — meaningful room to come down on a strong offer.

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 7→32/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $608,366 (27.1% 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. Built in 1977 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.73% ✗
• Cap rate: 5.61%
• Cash-on-cash: -2.43%
• DSCR: 0.89
• GRM: 11.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

1.8% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 0.7%
• Equity multiple: 1.04×
• Total profit: $8,884
• Equity at exit: $320,363

10-year hold

• IRR: 5.0%
• Equity multiple: 1.66×
• Total profit: $155,077
• Equity at exit: $454,524

Cash invested: $233,800 (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 33031

• Home prices YoY: 0.3%
• Active inventory: 126
• Price-to-rent: 11.4×

Monthly cashflow live

• Estimated rent: $6,084 medium
• Mortgage (P&I): −$4,379
• Tax from tax record: −$552 /mo · $6,627/yr
• Insurance: −$348
• Flood insurance flood zone: −$152 /mo · $1,824/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,278
• Net cashflow: $-625

Break-even live

Break-even rent $6,875

Max offer price $724,599

Occupancy floor —

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: $208,750
• Closing costs: $25,050
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19600 SW 256th St Unit A Homestead, FL	4.0	3.0	2300	$4,000	$1.74	24d	1	1.00mi
18441 SW 238th St Homestead, FL	3.0	2.0	1817	$3,600	$1.98	24d	1	1.33mi
21080 SW 242nd St Unit 21080 Homestead, FL	3.0	2.0	1968	$7,250	$3.68	18d	1	1.35mi
21080 SW 242nd St Unit 21080 Homestead, FL	3.0	2.0	1968	$7,250	$3.68	5d	1	1.35mi

Listing history 24 events

1. 2026-06-18
   days on market $835,000 Active 27 DOM
2. 2026-06-17
   days on market $835,000 Active 26 DOM
3. 2026-06-16
   days on market $835,000 Active 25 DOM
4. 2026-06-15
   days on market $835,000 Active 24 DOM
5. 2026-06-13
   days on market $835,000 Active 22 DOM
6. 2026-06-09
   days on market $835,000 Active 18 DOM
7. 2026-06-08
   days on market $835,000 Active 17 DOM
8. 2026-06-07
   days on market $835,000 Active 16 DOM
9. 2026-06-04
   days on market $835,000 Active 13 DOM
10. 2026-06-03
    days on market $835,000 Active 12 DOM
11. 2026-06-02
    days on market $835,000 Active 11 DOM
12. 2026-06-01
    days on market $835,000 Active 10 DOM
13. 2026-05-31
    days on market $835,000 Active 9 DOM
14. 2026-05-22
    listed $835,000 Active
15. 2020-01-09
    soldstatus $355,000
16. 2019-12-30
    soldstatus $355,000 Closed 323-char remark

    Show marketing remark (323 chars)

    This is a beautiful spacious home with 4 bedrooms, 2 baths, and a 2 car garage. Home is turn key ready, tile throughout with lovely modern fixtures. Sought after community, family oriented. Large yard with fruit trees and space for entertaining. Washer/Dryer within home. No association fee. Owner Motivated. Will not last.

17. 2019-08-02
    listed $420,000 Active 323-char remark

    Show marketing remark (323 chars)

    This is a beautiful spacious home with 4 bedrooms, 2 baths, and a 2 car garage. Home is turn key ready, tile throughout with lovely modern fixtures. Sought after community, family oriented. Large yard with fruit trees and space for entertaining. Washer/Dryer within home. No association fee. Owner Motivated. Will not last.

18. 2015-09-03
    soldstatus $210,000 Sold 400-char remark

    Show marketing remark (400 chars)

    Secluded 4 bedrooms 2 Bathroom gated home, with mangoes & avocados trees. Open & bright layout. Spacious brand new kitchen with lots of cabinets that opens to family room, new appliances & HVAC, private dining, updated bathrooms. Interior & exterior com pletely painted. See attachment for PAS requirements & WFHM offer submittal information in the MLS document section.

19. 2015-06-09
    status Pending 400-char remark

    Show marketing remark (400 chars)

    Secluded 4 bedrooms 2 Bathroom gated home, with mangoes & avocados trees. Open & bright layout. Spacious brand new kitchen with lots of cabinets that opens to family room, new appliances & HVAC, private dining, updated bathrooms. Interior & exterior com pletely painted. See attachment for PAS requirements & WFHM offer submittal information in the MLS document section.

20. 2015-05-28
    price $215,000 400-char remark

    Show marketing remark (400 chars)

    Secluded 4 bedrooms 2 Bathroom gated home, with mangoes & avocados trees. Open & bright layout. Spacious brand new kitchen with lots of cabinets that opens to family room, new appliances & HVAC, private dining, updated bathrooms. Interior & exterior com pletely painted. See attachment for PAS requirements & WFHM offer submittal information in the MLS document section.

21. 2015-04-24
    price $229,900 400-char remark

    Show marketing remark (400 chars)

    Secluded 4 bedrooms 2 Bathroom gated home, with mangoes & avocados trees. Open & bright layout. Spacious brand new kitchen with lots of cabinets that opens to family room, new appliances & HVAC, private dining, updated bathrooms. Interior & exterior com pletely painted. See attachment for PAS requirements & WFHM offer submittal information in the MLS document section.

22. 2015-03-25
    listed $239,900 Active 400-char remark

    Show marketing remark (400 chars)

    Secluded 4 bedrooms 2 Bathroom gated home, with mangoes & avocados trees. Open & bright layout. Spacious brand new kitchen with lots of cabinets that opens to family room, new appliances & HVAC, private dining, updated bathrooms. Interior & exterior com pletely painted. See attachment for PAS requirements & WFHM offer submittal information in the MLS document section.

23. 1997-10-02
    soldstatus $135,000
24. 1979-03-01
    soldstatus $13,500

ⓘ 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: $6,627 · $552/mo
• Projected year-2 tax: $6,930 · $578/mo
• Expected delta: +$303/yr (+$25/mo · 4.6%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone AH · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 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 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $73,004
• − Mortgage interest: −$46,773
• − Property taxes: −$6,627
• − Insurance: −$6,000
• − Repairs & maintenance: −$5,840
• − Management: −$5,840
• − Depreciation: −$24,291
• Taxable loss: −$22,367
• Est. tax savings @ 24.0%: +$5,368
• After-tax cash flow: $-2,131/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

• City population: 191,470
• Population (ZIP): 7,795

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% Two or more races 37% White 32% Black 3% Asian 2%
• Hispanic origin (detail): Mexican 5% Puerto Rican 2% Cuban 44% Salvadoran 1%
• Common ancestry: Lithuanian 2% Romanian 1% German 1%
• Foreign-born: 42% · Canada, Jamaica, Dominican Republic
• Languages at home: 35% English-only · Spanish 65%

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: ▲ 1.80%
• Current HPI: 672.14
• Rent YoY: —
• Metro: —
• 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

+6085.2% since first listed

11 events — show timeline

• 2026-05-22 Listed $835,000 MARMLS
• 2020-01-09 Sold (Public Records) $355,000 Public Records
• 2019-12-30 Sold (MLS) $355,000 MARMLS
• 2019-08-02 Listed $420,000 MARMLS
• 2015-09-03 Sold (MLS) $210,000 MARMLS
• 2015-06-09 Pending — MARMLS
• 2015-05-28 Price Changed $215,000 MARMLS
• 2015-04-24 Price Changed $229,900 MARMLS
• 2015-03-25 Listed $239,900 MARMLS
• 1997-10-02 Sold (Public Records) $135,000 Public Records
• 1979-03-01 Sold (Public Records) $13,500 Public Records

Property tax history

+5.0%/yr

Latest (2025): $6,627 · +2.8% YoY. Source: county tax records.