1650 NE 33rd Rd Unit 112-10 · Homestead, FL
Flood risk 6/10 · Moderate
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.57%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 3/10 · Minor
- Est. fire insurance / yr
- $947 – $1,759
Heat risk No data
- Hot days now (above threshold)
- —
- Hot days in 30 yrs
- —
Wind risk 10/10 · Severe
- Chance of severe wind over 30 yrs
- 99.0%
Air-quality risk 2/10 · Minimal
- Unhealthy air days now
- 1 days/yr
- Unhealthy air days in 30 yrs
- 1 days/yr
Risk factors via First Street. Map © Google.
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 +11.4/15.0
- Cash flow +5.3/30.0
- 1% rule +3.9/10.0
- Livability +3.9/5.0
- Condition / age +3.8/5.0
- Schools +2.3/10.0
- Rent growth +1.8/5.0
- DSCR +0.0/10.0
- Appreciation +0.0/10.0
$244,900
1650 NE 33rd Rd Unit 112-10 · Homestead, FL 33033
2 bd · 2.5 ba · 1,069 sqft · Condo
· 160 Days on market
Built 2006
$229/sqft
· 9% below area
Est $268k · 9% under
$567/mo HOA · 26% of rent
↓ 5% since listing
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks
$15,000.00 SELLERS CREDIT TO THE BUYER WITH FULL PRICE OFFER AT CLOSING ! located very close to Baptist Hospital , Publix Ma-Donalds and Tunrpike in the sought-after, impeccably maintained communityof Enjoy access to a resort-style clubhouse offering a full kitchen, spacious entertainment lounge, state-of-the-art fitness center, expansive swimming pool, separate children’s pool, and a fun-filled playground. This 24-hour gated community offers peace of mind with on-site security. also the unit have Hurricane accordion shutters Washer and dryer inside the unit all appliances are included in the sale. fence back yard to enjoy your weekends .
Key facts
- On-site security
- $567 HOA
- Parking
Tags
Neighborhood map
Sold within
Property
Rental comp
Retail
Costco
Walmart
Transit
Schools
Stadiums
Fortune 500
· Circle radius: 6.0 mi
Loading POIs…
What this means for you Summary
Snapshot
- This is a 2-bed/2.5-bath condo listed at $245k. Condition is rated good.
Deal economics
- At list price, monthly cash flow is $-544 ($-7k/yr) — negative.
- To cash-flow at today's rent, offer at most $166k (32.1% below list).
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $217k (11.3% below list).
- Recommended offer: $166k (32.1% below list) — sets the bar for cash-flow.
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: Mandarin Lakes K-8 Academy (math 18% / reading 22%, grade F, #2,098 of 2,144 statewide, top 98%, 781 students, 80% FRL); Redland Middle School (math 21% / reading 30%, grade F, #512 of 571 statewide, top 90%, 601 students, 71% 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 23% at this address vs 50% district-wide (-26 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 soft (-2.9%/yr); 877 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 68d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 78% of comp listings sitting > 30 days — soft ceiling on asking rent; 10,051 units permitted in Miami-Dade County in 2024 (7,758 in 5+ unit buildings).
- This rent runs 37% of the median local income ($70k/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 $2k of loan paydown is wiped out by about $7k 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 160 days — a 12% lower offer ($216k) is reasonable based on typical stale-listing flexibility.
Risks & watch-outs
- Watch-outs: HOA is 26% of rent.
- Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y — expect insurance premiums to compound above CPI over the hold.
Recommended offer
$166,244
(32.1% below list)
Questions for the listing agent
- 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?
- It's been on market 160 days. Have you received any prior offers? Is the seller open to a 32% concession, seller financing, or rate buy-down credit?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- 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?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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?
- 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.
- 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.
- 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
- 0.89% ✗
- Cap rate
- 3.63%
- Cash-on-cash
- -9.51%
- DSCR
- 0.58
- GRM
- 9.4
CMA / ARV
- ARV (median comp)
- $267,927
- List price
- $244,900
- Delta
- -8.59%
- Verdict
- FAIR
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 14521 SW 297th St | 0.42mi | 3/1.0 (+1) | 1,056 (-1%) | 1mo | $435,000 | $412 | 66 |
| 14850 SW 297th St | 0.56mi | 3/2.0 (+1) | 1,058 (-1%) | 2mo | $450,000 | $425 | 64 |
| 975 NE 34th Ave #103 | 0.38mi | 2/2.0 | 920 (-14%) | 2mo | $205,000 | $223 | 55 |
| 14700 SW 302nd St | 0.24mi | 3/2.0 (+1) | 1,260 (+18%) | 2mo | $525,000 | $417 | 55 |
| 30624 SW 152nd Ct | 0.80mi | 3/2.0 (+1) | 1,100 (+3%) | 2mo | $499,900 | $454 | 52 |
| 14435 SW 289th St | 0.91mi | 3/2.0 (+1) | 1,116 (+4%) | 2mo | $510,000 | $457 | 49 |
| 3064 SE 1st Dr #7 | 1.23mi | 3/2.0 (+1) | 1,151 (+8%) | 2mo | $243,900 | $212 | 44 |
| 3214 SE 4th Ct | 1.37mi | 2/2.5 | 1,224 (+14%) | 0mo | $330,000 | $270 | 40 |
| 540 SE 32nd Ave | 1.45mi | 2/2.5 | 1,224 (+14%) | 0mo | $335,000 | $274 | 40 |
| 2630 NE 3rd Dr #101 | 1.21mi | 3/2.0 (+1) | 1,194 (+12%) | 1mo | $260,000 | $218 | 38 |
| 142 SE 28th Ter #6 | 1.29mi | 3/2.5 (+1) | 1,325 (+24%) | 2mo | $228,000 | $172 | 34 |
| 15398 Garfield Dr | 1.23mi | 3/2.0 (+1) | 1,253 (+17%) | 2mo | $459,000 | $366 | 32 |
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
- -0.17×
- Total profit
- $-80,289
- Equity at exit
- $36,515
10-year hold
- IRR
- -90.9%
- Equity multiple
- -1.01×
- Total profit
- $-137,544
- Equity at exit
- $21,174
Cash invested: $68,572 (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.
Active competition Active MLS
- For sale now
- 3 active
- Median asking
- $244,900 ($229/sqft)
- Median days on market
- 165 d
- This list price
- 33% of active listings are priced below it
- ARV vs active asking
- +9.4% vs current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 33033
- Home prices YoY
- -28.2%
- Rents YoY
- -2.9%
- Active inventory
- 877
- Price-to-rent
- 9.4×
Monthly cashflow live
↻
- Estimated rent
- $2,172 high interval (Pro) →
- Mortgage (P&I)
- −$1,284
- Tax est. 1.5%
- −$306 /mo · $3,674/yr
- Insurance
- −$102
- HOA
- −$567
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$456
- Net cashflow
- $-544
Break-even live
Break-even rent
$2,860
Max offer price
$166,244
Occupancy floor
—
Sensitivity live
| Price | -10% $-374 | -5% $-459 | +0% $-544 | +5% $-628 | +10% $-713 |
|---|---|---|---|---|---|
| Rent | -10% $-715 | -5% $-629 | +0% $-544 | +5% $-458 | +10% $-372 |
| Rate | -1.0pp $-420 | -0.5pp $-481 | base $-544 | +0.5pp $-607 | +1.0pp $-672 |
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
- $61,225
- Closing costs
- $7,347
- Club membership (one-time)
- —
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 1650 NE 33rd Ave Unit 205-7 Homestead, FL | 3.0 | 2.0 | 1062 | $1,950 | $1.84 | 120d | 1 | 0.01mi |
| 1650 NE 33rd Rd Unit 106-10 Homestead, FL | 3.0 | 2.0 | 1062 | $1,999 | $1.88 | 120d | 1 | 0.02mi |
| 1650 NE 33rd Rd #108 Homestead, FL | 3.0 | 2.5 | 1169 | $2,100 | $1.80 | 100d | 1 | 0.02mi |
| 1655 NE 33rd Rd Unit 105-4 Homestead, FL | 3.0 | 2.5 | 1169 | $2,275 | $1.95 | 30d | 1 | 0.03mi |
| 1690 NE 33rd Ave Unit 109-6 Homestead, FL | 3.0 | 2.5 | 1379 | $2,100 | $1.52 | 98d | 1 | 0.03mi |
| 1690 NE 33rd Ave Unit 210-6 Homestead, FL | 3.0 | 2.0 | 1062 | $1,900 | $1.79 | 67d | 1 | 0.03mi |
| 1690 NE 33rd Ave Unit 210-6 Homestead, FL | 3.0 | 2.0 | 1062 | $2,000 | $1.88 | 117d | 1 | 0.03mi |
| 1720 NE 33rd Ave Homestead, FL | 3.0 | 2.5 | 1169 | $2,380 | $2.04 | 46d | 1 | 0.05mi |
| 1570 NE 33rd Rd #201 Homestead, FL | 3.0 | 2.0 | 1062 | $1,900 | $1.79 | 72d | 1 | 0.06mi |
| 1720 NE 33rd Ave Unit 201-5 Homestead, FL | 3.0 | 2.0 | 1062 | $2,175 | $2.05 | 120d | 1 | 0.06mi |
| 1720 NE 33rd Ave Unit 110-5 Homestead, FL | 3.0 | 2.5 | 1379 | $2,000 | $1.45 | 42d | 1 | 0.06mi |
| 1575 NE 33rd Ave #105 Homestead, FL | 3.0 | 2.5 | 1169 | $2,200 | $1.88 | 24d | 1 | 0.08mi |
| 1575 NE 33rd Ave #107 Homestead, FL | 3.0 | 2.0 | 1169 | $2,200 | $1.88 | 69d | 1 | 0.08mi |
| 1570 NE 33rd Rd Unit 103-11 Homestead, FL | 3.0 | 3.0 | 1234 | $2,100 | $1.70 | 0d | 1 | 0.08mi |
| 3375 NE 15th Dr Unit 102-12 Homestead, FL | 3.0 | 2.0 | 1379 | $2,200 | $1.60 | 120d | 1 | 0.08mi |
| 3375 NE 15th Dr Unit 102-12 Homestead, FL | 3.0 | 2.0 | 1379 | $2,200 | $1.60 | 71d | 1 | 0.08mi |
| 1555 NE 33rd Rd Unit 104-2 Homestead, FL | 3.0 | 2.0 | 1169 | $2,500 | $2.14 | 3d | 1 | 0.09mi |
| 1555 NE 33rd Rd Unit 108-2 Homestead, FL | 3.0 | 2.0 | 1169 | $2,000 | $1.71 | 11d | 1 | 0.09mi |
| 1490 NE 33rd Ave Unit 109-13 Homestead, FL | 3.0 | 2.0 | 1379 | $2,300 | $1.67 | 120d | 1 | 0.11mi |
| 1485 NE 33rd Rd Unit 101-1 Homestead, FL | 2.0 | 2.0 | 1069 | $1,900 | $1.78 | 117d | 1 | 0.12mi |
| 1485 NE 33rd Rd Unit 111-1 Homestead, FL | 3.0 | 2.5 | 1379 | $2,300 | $1.67 | 42d | 1 | 0.12mi |
| 1490 NE 33rd Rd #205 Homestead, FL | 3.0 | 2.0 | 1062 | $1,965 | $1.85 | 3d | 1 | 0.13mi |
| 1480 NE 33rd Ave #108 Homestead, FL | 3.0 | 3.0 | 1234 | $2,150 | $1.74 | 25d | 1 | 0.15mi |
| 3355 NE 13th Circle Dr Unit 201-28 Homestead, FL | 3.0 | 2.0 | 1062 | $2,100 | $1.98 | 116d | 1 | 0.22mi |
| 3355 NE 13th Circle Dr Unit 201-28 Homestead, FL | 3.0 | 2.0 | 1062 | $2,000 | $1.88 | 42d | 1 | 0.22mi |
| 3355 NE 13th Circle Dr Unit 108-28 Homestead, FL | 3.0 | 3.0 | 1234 | $2,250 | $1.82 | 46d | 1 | 0.22mi |
| 3370 NE 13th Circle Dr Unit 106-20 Homestead, FL | 3.0 | 2.5 | 1169 | $2,000 | $1.71 | 3d | 1 | 0.22mi |
| 3350 NE 13th Circle Dr Unit 201-21 Homestead, FL | 3.0 | 2.0 | 1062 | $1,900 | $1.79 | 6d | 1 | 0.22mi |
| 1398 NE 33rd Ave Unit 101-25 Homestead, FL | 3.0 | 2.0 | 1062 | $2,000 | $1.88 | 88d | 1 | 0.23mi |
| 1398 NE 33rd Ave Unit 108-25 Homestead, FL | 3.0 | 3.0 | 1234 | $2,000 | $1.62 | 54d | 1 | 0.23mi |
| 1398 NE 33rd Ave Unit 101-25 Homestead, FL | 3.0 | 2.0 | 1062 | $2,000 | $1.88 | 110d | 1 | 0.23mi |
| 1398 NE 33rd Ave Unit 108-25 Homestead, FL | 3.0 | 3.0 | 1234 | $2,000 | $1.62 | 37d | 1 | 0.23mi |
| 3393 NE 11th Dr Homestead, FL | 2.0 | 2.0 | 1258 | $2,198 | $1.75 | 78d | 1 | 0.23mi |
| 3393 NE 11th Dr Homestead, FL | 2.0 | 2.0 | 1258 | $2,399 | $1.91 | 117d | 1 | 0.23mi |
| 1395 NE 33rd Ave Unit 206-26 Homestead, FL | 3.0 | 2.0 | 1062 | $2,000 | $1.88 | 45d | 1 | 0.23mi |
| 1395 NE 33rd Ave Unit 105-26 Homestead, FL | 3.0 | 2.5 | 1169 | $2,000 | $1.71 | 11d | 1 | 0.23mi |
| 3390 NE 13th Circle Dr Unit 206-19 Homestead, FL | 3.0 | 2.0 | 1062 | $2,000 | $1.88 | 43d | 1 | 0.26mi |
| 1388 NE 33rd Ave Unit 104-24 Homestead, FL | 3.0 | 2.0 | 1169 | $2,200 | $1.88 | 112d | 1 | 0.27mi |
| 1388 NE 33rd Ave Unit 104-24 Homestead, FL | 3.0 | 2.0 | 1169 | $2,150 | $1.84 | 69d | 1 | 0.27mi |
| 3365 NE 11th Dr Unit 3365 Homestead, FL | 2.0 | 2.0 | 1258 | $2,300 | $1.83 | 50d | 1 | 0.27mi |
Property features AI
Finance
- Financial info
- Pets allowed with restrictions or possible restrictions
- HOA & community
- Monthly association feeAssociation fee covers amenities, common areas, parking, pool(s), recreation facilities and trashCommunity clubhouse
Exterior
- Parking
- Guest parkingOne assigned parking space
- Security
- Complex fenced
- Home design
- Attached property2 storiesEntry level: 1st floorResale property
- Construction
- Block construction
- Exterior features
- Fenced yardComplex is fenced
Interior
- Kitchen
- Electric rangeRefrigerator
- Flooring
- CarpetLaminate
- Bathrooms
- 2 full bathrooms1 half bathroom
- Heating & cooling
- Central heating (electric)Central air conditioning (electric)
- Interior features
- First floor entryOther interior features
- Laundry & utility
- WasherDryer
HOA detail $567/mo · $6,804/yr condo
- Likely covers
- poolgymsecurity
- Assessments
- None detected in remarks — confirm with the listing agent.
Listing history 50 events
-
2026-08-10days on market $244,900 Active 160 DOM
-
2026-08-09days on market $244,900 Active 159 DOM
-
2026-08-08days on market $244,900 Active 158 DOM
-
2026-08-06days on market $244,900 Active 156 DOM
-
2026-08-05days on market $244,900 Active 155 DOM
-
2026-08-04days on market $244,900 Active 154 DOM
-
2026-08-03days on market $244,900 Active 153 DOM
-
2026-07-31days on market $244,900 Active 150 DOM
-
2026-07-28days on market $244,900 Active 147 DOM
-
2026-07-24days on market $244,900 Active 143 DOM
-
2026-07-23days on market $244,900 Active 142 DOM
-
2026-07-22days on market $244,900 Active 141 DOM
-
2026-07-21days on market $244,900 Active 140 DOM
-
2026-07-20days on market $244,900 Active 139 DOM
-
2026-07-18days on market $244,900 Active 137 DOM
-
2026-07-16days on market $244,900 Active 135 DOM
-
2026-07-15days on market $244,900 Active 134 DOM
-
2026-07-13days on market $244,900 Active 132 DOM
-
2026-07-13days on market $244,900 Active 131 DOM
-
2026-07-11days on market $244,900 Active 130 DOM
-
2026-07-10days on market $244,900 Active 129 DOM
-
2026-07-09days on market $244,900 Active 128 DOM
-
2026-07-07days on market $244,900 Active 126 DOM
-
2026-07-06days on market $244,900 Active 125 DOM
-
2026-07-06days on market $244,900 Active 124 DOM
-
2026-07-05days on market $244,900 Active 123 DOM
-
2026-07-04days on market $244,900 Active 122 DOM
-
2026-07-02days on market $244,900 Active 121 DOM
-
2026-07-01days on market $244,900 Active 120 DOM
-
2026-06-30days on market $244,900 Active 119 DOM
-
2026-06-29days on market $244,900 Active 118 DOM
-
2026-06-28days on market $244,900 Active 117 DOM
-
2026-06-27days on market $244,900 Active 116 DOM
-
2026-06-26days on market $244,900 Active 115 DOM
-
2026-06-24days on market $244,900 Active 113 DOM
-
2026-06-22days on market $244,900 Active 111 DOM
-
2026-06-21days on market $244,900 Active 110 DOM
-
2026-06-18days on market $244,900 Active 107 DOM
-
2026-06-17days on market $244,900 Active 106 DOM
-
2026-06-16days on market $244,900 Active 105 DOM
-
2026-06-15days on market $244,900 Active 104 DOM
-
2026-06-13days on market $244,900 Active 102 DOM
-
2026-06-09days on market $244,900 Active 98 DOM
-
2026-06-08days on market $244,900 Active 97 DOM
-
2026-06-07days on market $244,900 Active 96 DOM
-
2026-06-04days on market $244,900 Active 93 DOM
-
2026-06-03days on market $244,900 Active 92 DOM
-
2026-06-02days on market $244,900 Active 91 DOM
-
2026-06-02remarks 647-char remark
-
2026-06-02$244,900 Active 90 DOM
ⓘ 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) · 57% chance over 30 yrs
- Wildfire 3/10 Moderate
- 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
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $26,064
- − Mortgage interest
- −$13,718
- − Property taxes
- −$3,674
- − Insurance
- −$1,224
- − Repairs & maintenance
- −$2,085
- − Management
- −$2,085
- − HOA
- −$6,804
- − Depreciation
- −$7,124
- Taxable loss
- −$10,651
combined federal + state — saved on this device
- Est. tax savings @ 24.0%
- +$2,556
- After-tax cash flow
- $-3,967/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.
Condition & rehab AI · 6 photos
75/100
Cosmetic rehab
Est. rehab $5,345–$16,035 screening
This townhouse is in good condition with minimal repairs needed. It offers a good investment opportunity with potential for value increase through cosmetic updates and system upgrades.
Value-add opportunities
- Both Painting the exterior — Fresh paint enhances curb appeal and value ↑
- Both Landscaping the front yard — Well-maintained landscaping improves curb appeal and rental value ↑
- Both Upgrading the HVAC system — A new HVAC system improves comfort and energy efficiency ↑
ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.
F
Composite school gradezoned avg 23/100
Zoned Schools
Elementary
Mandarin Lakes K-8 Academy
F
FL #2,098/2,144
Nat'l #33,283/41,679
Middle
Redland Middle School
F
FL #512/571
Nat'l #10,204/14,009
High
Homestead Senior High School
F
FL #533/667
Nat'l #13,485/17,239
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
B
Composite livability gradescore 78/100
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 · 3,126,439 people
- City population
- 191,470
- Metro
- Miami-Fort Lauderdale-Pompano Beach, FL
- Population (ZIP)
- 71,458
- Household income
- $69,635
- Rent vs Own
- Severe rent burden
- 13% of renters
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
- Predominantly Hispanic (71%)
- Race & ethnicity
- Hispanic / Latino 71% Two or more races 28% Black 18% White 9%
- Hispanic origin (detail)
- Mexican 13% Puerto Rican 6% Cuban 28% Dominican 3%
- Common ancestry
- Hispanic 3% Lithuanian 2% Russian 1%
- Foreign-born
- 40% · Canada, Jamaica
- Languages at home
- 32% English-only · Spanish 63% French/Haitian/Cajun 4% 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
- ▼ -179.13%
- Current HPI
- 456.2679
- Rent YoY
- ▼ -2.93%
- 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 |
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| Insurance | 2 | $17B |
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| Retail | 1 | $60B |
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| Technology Distribution | 1 | $58B |
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| Homebuilding | 1 | $35B |
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| Technology Manufacturing | 1 | $35B |
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Price history
-5.1% since first listed3 events — show timeline
- 2026-04-25 Price Changed $244,900 MARMLS
- 2026-03-14 Price Changed $254,900 MARMLS
- 2026-03-02 Listed $258,000 MARMLS
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…