601 SE 37th Pl · Homestead, FL 33034

$5,000

4 bd · 2.0 ba · 2,340 sqft · SingleFamily public records · 9 Days on market

Built 2007 5,000 sqft lot

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Why this score? — see what drove the F 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).

• ARV discount +7.5/15.0
• Cash flow +5.6/30.0
• Schools +4.2/10.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• Rent growth +1.8/5.0
• 1% rule +1.1/10.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks

Foreclosure Auction Ends June 3, 2026 at 9:00 AM EST. Explore this charming 4-bedroom, 2-bath residence set in a peaceful and well-located Homestead community. The list price is the opening bid for the online auction. Sold As-is. Explore more details and submit your bid through Federa Home App.

Key facts

• 5,000 sq ft lot
• Built 2007
• Listed 8 days

Property features AI

Finance

• Other: Land size: Less than 1/4 acre; Subdivision: Other (999.9); Location side: Bay/Gulf
• Financial info: Property listed for auction
• HOA & community: No association fee; Association fee covers: Other; No first right of refusal; Pets: see remarks; Rentals not allowed; No deed restrictions

Exterior

• Utilities: Utilities: Other — see remarks
• Home design: Other property type/zoning; Built in 2007; Above flood: No
• Construction: Other construction
• Exterior features: No waterfront; No waterview; Dockage: other dockage

Interior

• Bedrooms: 4 bedrooms
• Bathrooms: 2 full bathrooms
• Interior features: Other appliances (see remarks)

🔨 Auction listing. The $5,000 list price is a nominal opening bid, not a real ask — every metric below is computed on the estimated value $582,660 (ARV from comps), not the list price.

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $5k.

Deal economics

• At list price, monthly cash flow is $-1k ($-17k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $5k).

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: 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 $3,541/mo this rent would consume 90% 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 $4k of loan paydown is wiped out by about $17k 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

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts 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.

Risks & watch-outs

• Watch-outs: property tax is 174.8% of price; 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 $5,000

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. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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: 0.61% ✗
• Cap rate: 3.76%
• Cash-on-cash: -9.04%
• DSCR: 0.60
• GRM: 13.7

CMA / ARV

• ARV (on-the-fly): $582,660
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3517 SE 4th St	0.18mi	4/3.0	2,267 (-3%)	15mo	$565,000	$249	70
706 SE 34th Ave	0.31mi	5/2.5 (+1)	2,492 (+6%)	22mo	$565,000	$227	49

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: -38.1%
• Equity multiple: -0.18×
• Total profit: $-192,623
• Equity at exit: $86,877

10-year hold

• IRR: -80.6%
• Equity multiple: -0.96×
• Total profit: $-320,524
• Equity at exit: $50,378

Cash invested: $163,145 (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: 0.1×

Monthly cashflow live

• Estimated rent: $3,541 high
• Mortgage (P&I): −$3,056
• Tax est. 1.5%: −$728 /mo · $8,740/yr
• Insurance: −$243
• Flood insurance flood zone: −$152 /mo · $1,824/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$744
• Net cashflow: $-1,381

Break-even live

Break-even rent $5,289

Max offer price $382,781

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: $145,665
• Closing costs: $17,480
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
516 SE 35 Ave Homestead, FL	4.0	3.5	3022	$3,900	$1.29	24d	1	0.18mi
3616 SE 2nd Dr Homestead, FL	5.0	4.0	2742	$4,500	$1.64	24d	1	0.19mi
3616 SE 2nd Dr Homestead, FL	4.0	3.0	2267	$3,500	$1.54	8d	1	0.19mi
709 SE 35 Ave Unit 709 Homestead, FL	4.0	3.5	2954	$3,800	$1.29	19d	1	0.21mi
581 SE 34th Ter Homestead, FL	3.0	2.5	2031	$2,950	$1.45	21d	1	0.24mi
581 SE 34th Ter Homestead, FL	3.0	2.5	2031	$2,950	$1.45	8d	1	0.24mi
191 SE 35 Ave Homestead, FL	5.0	3.0	3196	$4,230	$1.32	15d	1	0.28mi
191 SE 35th Ave Homestead, FL	5.0	3.5	3196	$4,230	$1.32	15d	1	0.28mi
3763 SE 2nd St Homestead, FL	3.0	2.5	1650	$2,600	$1.58	24d	1	0.29mi
422 SE 34th Ter Unit 422 Homestead, FL	5.0	3.0	2916	$4,500	$1.54	24d	1	0.30mi
141 SE 34th Ter Homestead, FL	3.0	2.5	1642	$2,600	$1.58	24d	1	0.38mi
101 NE 37th Pl Homestead, FL	3.0	2.5	1632	$2,800	$1.72	14d	1	0.40mi
3488 NE 1st St Unit 3488 Homestead, FL	3.0	2.5	1876	$3,100	$1.65	24d	1	0.42mi
220 SE 32nd Ter Homestead, FL	4.0	2.0	1762	$3,900	$2.21	24d	1	0.51mi
216 SE 32nd Ter Homestead, FL	3.0	2.0	1581	$3,286	$2.08	16d	1	0.51mi
215 SE 32nd Ave Homestead, FL	4.0	3.0	3058	$3,300	$1.08	24d	1	0.53mi
343 NE 36th Ter Homestead, FL	3.0	2.5	2346	$3,300	$1.41	24d	1	0.55mi
343 NE 36th Ter Homestead, FL	3.0	2.5	2346	$3,600	$1.53	8d	1	0.55mi
657 SE 31st Ave Unit 657 Homestead, FL	4.0	3.0	2058	$5,000	$2.43	15d	1	0.55mi
349 NE 36th Ter Homestead, FL	4.0	2.0	2322	$3,300	$1.42	24d	1	0.56mi
3072 SE 5th Dr Homestead, FL	5.0	2.5	2380	$3,650	$1.53	24d	1	0.58mi
363 NE 35th Ter Homestead, FL	5.0	3.0	2170	$4,100	$1.89	8d	1	0.59mi
354 NE 35th Ave Homestead, FL	4.0	2.5	1762	$4,700	$2.67	24d	1	0.61mi
165 NE 32nd Ter Homestead, FL	3.0	3.0	2336	$3,100	$1.33	24d	1	0.63mi
3641 NE 4th St Homestead, FL	5.0	2.5	2693	$3,600	$1.34	24d	1	0.64mi
174 NE 32nd Ter #174 Homestead, FL	4.0	2.0	2818	$3,150	$1.12	24d	1	0.65mi
379 NE 34th Ave Homestead, FL	5.0	3.0	2170	$3,300	$1.52	22d	1	0.65mi
181 NE 30th Pl Homestead, FL	3.0	2.0	2437	$2,406	$0.99	4d	1	0.76mi
607 NE 35th Ave #607 Homestead, FL	4.0	3.0	2306	$3,000	$1.30	24d	1	0.79mi
575 SE 29th Dr Homestead, FL	4.0	2.0	1765	$2,975	$1.69	24d	1	0.79mi
3143 NE 4th St Homestead, FL	4.0	2.0	1906	$2,686	$1.41	24d	1	0.81mi
608 NE 33rd Ter Unit 608 Homestead, FL	4.0	3.0	2306	$2,800	$1.21	24d	1	0.82mi
649 NE 33rd Ter #649 Homestead, FL	3.0	2.5	1907	$2,800	$1.47	24d	1	0.83mi
709 NE 35th Ave Homestead, FL	4.0	4.0	2954	$4,000	$1.35	22d	1	0.83mi
709 NE 35th Ave Homestead, FL	5.0	3.0	2954	$4,000	$1.35	24d	1	0.83mi
635 SE 28th Ln Homestead, FL	4.0	3.0	2060	$3,000	$1.46	22d	1	0.84mi
758 NE 34th Ave #758 Homestead, FL	4.0	3.0	1907	$3,000	$1.57	19d	1	0.87mi
2849 NE 1st Dr Homestead, FL	5.0	3.0	2058	$3,500	$1.70	24d	1	0.93mi
3760 NE 9th Ct Homestead, FL	5.0	3.0	2070	$2,895	$1.40	24d	1	0.94mi
18835 SW 315th St Unit 18835 Homestead, FL	4.0	3.0	2072	$3,200	$1.54	14d	1	0.95mi

Listing history 9 events

1. 2026-06-03
   days on market $5,000 Active 9 DOM
2. 2026-06-02
   days on market $5,000 Active 8 DOM
3. 2026-06-01
   days on market $5,000 Active 7 DOM
4. 2026-05-31
   days on market $5,000 Active 6 DOM
5. 2026-05-25
   listed $5,000 Active
6. 2026-02-04
   historical
7. 2025-07-10
   price $474,000
8. 2025-03-21
   price $475,000
9. 2025-03-18
   listed $485,000 Active

ⓘ 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 AH · 70% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥105°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: $42,492
• − Mortgage interest: −$32,638
• − Property taxes: −$8,740
• − Insurance: −$4,738
• − Repairs & maintenance: −$3,399
• − Management: −$3,399
• − Depreciation: −$16,950
• Taxable loss: −$27,373
• Est. tax savings @ 24.0%: +$6,570
• After-tax cash flow: $-10,006/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): 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

-99.0% since first listed

5 events — show timeline

• 2026-05-25 Listed $5,000 FLKMLS
• 2026-02-04 Listing Removed — MARMLS
• 2025-07-10 Price Changed $474,000 MARMLS
• 2025-03-21 Price Changed $475,000 MARMLS
• 2025-03-18 Listed $485,000 MARMLS

Property tax history

+9.3%/yr

Latest (2025): $10,778 · +2.6% YoY. Source: county tax records.