75 NW 3rd St · Homestead, FL 33030

$379,000

3 bd · 2.0 ba · 1,520 sqft · SingleFamily public records · 45 Days on market

Built 2000 5,816 sqft lot Est $547k · 31% under

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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).

• ARV discount +15.0/15.0
• Cash flow +13.6/30.0
• Schools +4.2/10.0
• DSCR +4.1/10.0
• Livability +3.9/5.0
• 1% rule +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

A HOMESTEPS PROPERTY!SOLD AS-IS. SELLER WILL PAY OWNERS POLICY & ESCROW PAYABLE NEWHOUSE TITLE(CASHIERS CHECK ONLY)IF BUYER CLOSES WITH SELLER'S CLOSING AGENT. BUYER PAYS DOC STAMPS ON DEED. INSPEC. CAN BE MADE UP TO 10 DAYS AFTER ACCEPTANCE. SPECIAL ADDEN. REQ . -CLICK ATTACHMENTS OR VISIT WEBSITE. * * NO FHA FINANCING AND NO UTILITIES AVAILABLE FOR INSPECTION * *

Key facts

• 5
• 816 sf lot
• 5,816 sq ft lot

Tags

• QUIET END OF A CUL-DE-SAC
• WALKING DISTANCE TO CITY HALL
• 5
• 816 SF LOT

Property features AI

Finance

• Other: Pets allowed with restrictions or conditions

Exterior

• Parking: Attached garage; Driveway parking; 2 covered garage spaces
• Utilities: Public water; Public sewer; Cable available
• Home design: South-facing; Single-story; Resale property; Fixer condition
• Construction: Block construction; Shingle roof
• Exterior features: Less than quarter-acre lot

Interior

• Flooring: Laminate flooring; Tile flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: First floor entry; Attic; Other interior features

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $379k.

Deal economics

• At list price, monthly cash flow is $20 ($240/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $292k (22.9% below list).
• Recommended offer: $292k (22.9% below list) — sets the bar for 1% rule.
• Cap rate 6.4% 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: West Homestead K-8 Center (math 27% / reading 21%, grade F, #2,057 of 2,144 statewide, top 96%, 851 students, 61% FRL); Homestead Middle School (math 23% / reading 25%, grade F, #532 of 571 statewide, top 94%, 666 students, 81% FRL); South Dade Senior High School (math 23% / reading 32%, grade F, #470 of 667 statewide, top 71%, 3,145 students, 73% 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: 311 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 $2,922/mo this rent would consume 76% of the median local household income ($46k/yr) (locally 2737% 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 $3k of loan paydown is wiped out by about $11k 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 45 days — a 3% lower offer ($368k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 16y 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 $104k; list at $379k implies a 265% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→33/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $292,168 (22.9% below list)

Questions for the listing agent

1. It's been on market 45 days. Have you received any prior offers? Is the seller open to a 23% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 0.77% ✗
• Cap rate: 6.36%
• Cash-on-cash: 0.23%
• DSCR: 1.01
• GRM: 10.8

CMA / ARV

• ARV (on-the-fly): $547,200
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
545 NW 10th St	0.65mi	3/3.0	1,334 (-12%)	8mo	$480,000	$360	38

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -16.0%
• Equity multiple: 0.43×
• Total profit: $-60,298
• Equity at exit: $56,510

10-year hold

• IRR: -7.7%
• Equity multiple: 0.51×
• Total profit: $-51,512
• Equity at exit: $32,769

Cash invested: $106,120 (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 33030

• Home prices YoY: -33.9%
• Active inventory: 311
• Price-to-rent: 10.8×

Monthly cashflow live

• Estimated rent: $2,922 high
• Mortgage (P&I): −$1,988
• Tax from tax record: −$143 /mo · $1,712/yr
• Insurance: −$158
• HOA: −$0
• Vacancy / Maint / Mgmt: −$614
• Net cashflow: $20

Break-even live

Break-even rent $2,896

Max offer price $379,000

Occupancy floor 94%

Sensitivity live

Price	-10% $235	-5% $127	+0% $20	+5% $-87	+10% $-195
Rent	-10% $-211	-5% $-95	+0% $20	+5% $135	+10% $251
Rate	-1.0pp $211	-0.5pp $116	base $20	+0.5pp $-78	+1.0pp $-178

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: $94,750
• Closing costs: $11,370
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
86 NW 4th St Homestead, FL	4.0	2.0	1702	$3,300	$1.94	18d	1	0.02mi
501 NW 5th Ave Florida City, FL	1.0–3.0	1.0–2.0	968	$1,174	$1.21	23d	1	0.35mi
1026 NW 1st Ave Unit 1026 C Homestead, FL	4.0	3.0	1524	$2,785	$1.83	23d	1	0.50mi
901 NW 9th St Homestead, FL	4.0	2.0	1641	$4,350	$2.65	13d	1	0.71mi
911 NE 5th Ave Unit 1 Homestead, FL	2.0	1.0	1260	$1,450	$1.15	26d	1	0.71mi
184 NE 13th St Unit 0 Homestead, FL	4.0	3.0	1847	$2,950	$1.60	26d	1	0.73mi
901 NW 9th Ct Homestead, FL	4.0	2.0	1641	$4,350	$2.65	22d	1	0.74mi
901 NW 9th Ct Homestead, FL	4.0	2.0	1641	$4,300	$2.62	0d	1	0.74mi
323 NE 16th St Florida City, FL	3.0	3.0	1382	$2,600	$1.88	23d	1	0.88mi
359 NE 16th St Florida City, FL	3.0	3.0	1382	$2,700	$1.95	15d	1	0.89mi
359 NE 16th St Florida City, FL	3.0	3.0	1382	$2,500	$1.81	23d	1	0.89mi
359 NE 16th St Florida City, FL	3.0	3.0	1382	$2,650	$1.92	0d	1	0.89mi
371 NE 16th St Unit 371 Florida City, FL	3.0	2.5	1487	$2,650	$1.78	26d	1	0.89mi
1016 NW 1st Ave Florida City, FL	4.0	3.5	1610	$2,795	$1.74	26d	1	0.90mi
1549 NE 3rd Ave Florida City, FL	3.0	2.5	1380	$2,500	$1.81	23d	1	0.90mi
441 NE 13th St Florida City, FL	4.0	3.0	1580	$3,150	$1.99	0d	1	0.91mi
441 NE 13th St Florida City, FL	4.0	3.0	1580	$3,150	$1.99	23d	1	0.91mi
415 NW 13th Ct Florida City, FL	4.0	3.0	1500	$2,900	$1.93	26d	1	0.95mi
670 NW 16th St Unit 670 Homestead, FL	3.0	2.0	1242	$3,700	$2.98	26d	1	0.96mi
670 NW 16th St Homestead, FL	3.0	2.0	1242	$3,700	$2.98	7d	1	0.96mi
1431 NE 3rd Ave Florida City, FL	3.0	3.0	1380	$2,490	$1.80	23d	1	0.97mi
1431 NE 3rd Ave Florida City, FL	3.0	3.0	1380	$2,490	$1.80	9d	1	0.97mi
448 NW 12th St #448 Florida City, FL	3.0	2.5	1464	$2,350	$1.61	18d	1	0.98mi
1386 NE 3rd Ave Florida City, FL	3.0	3.0	1380	$2,690	$1.95	22d	1	1.00mi
1386 NE 3rd Ave Florida City, FL	3.0	3.0	1380	$2,500	$1.81	9d	1	1.00mi
1473 NE 5th Ave Unit 1473 Florida City, FL	4.0	3.0	1580	$3,250	$2.06	26d	1	1.00mi
1165 NE 1st Ave Florida City, FL	3.0	2.5	1376	$2,450	$1.78	26d	1	1.01mi
5 SW 14th Ter Homestead, FL	3.0	2.0	1189	$1,950	$1.64	5d	1	1.01mi
5 SW 14th Ter Homestead, FL	3.0	2.0	1189	$1,950	$1.64	4d	1	1.01mi
1281 NE 3rd Ave Florida City, FL	4.0	3.0	1580	$3,200	$2.03	23d	1	1.01mi
1281 NE 3rd Ave Unit 1281 Florida City, FL	4.0	3.0	1580	$3,200	$2.03	26d	1	1.01mi
220 NE 12th Ave #15 Homestead, FL	3.0	1.0	1872	$2,500	$1.34	26d	1	1.02mi
55 SW 14th Ter #55 Homestead, FL	3.0	2.0	1189	$2,100	$1.77	9d	1	1.02mi
701 NE 14th St Homestead, FL	3.0	1.0	1190	$3,000	$2.52	18d	1	1.02mi
44 NW 19th St #1 Homestead, FL	3.0	2.0	1302	$3,500	$2.69	26d	1	1.03mi
440 NW 11th St Unit 1 Florida City, FL	3.0	3.0	1425	$2,550	$1.79	26d	1	1.03mi
1037 NW 5th Ave Unit 1037 Florida City, FL	3.0	3.0	1425	$2,700	$1.89	19d	1	1.03mi
58 SW 14th Ter Homestead, FL	3.0	2.0	1232	$2,250	$1.83	26d	1	1.04mi
58 SW 14th Ter Unit N/A Homestead, FL	3.0	2.0	1232	$2,500	$2.03	7d	1	1.04mi
437 NE 13th St Unit NA Florida City, FL	3.0	3.0	1380	$2,700	$1.96	26d	1	1.04mi

Listing history 11 events

1. 2026-06-04
   status $379,000 Pending 45 DOM
2. 2026-06-03
   days on market $379,000 Active Under Contract 45 DOM
3. 2026-06-02
   days on market $379,000 Active Under Contract 44 DOM
4. 2026-06-01
   days on market $379,000 Active Under Contract 43 DOM
5. 2026-05-31
   days on market $379,000 Active Under Contract 42 DOM
6. 2026-05-14
   historical Active Under Contract
7. 2026-03-20
   listed $379,000 Active
8. 2010-06-02
   soldstatus $103,950 375-char remark

   Show marketing remark (375 chars)

   A HOMESTEPS PROPERTY!SOLD AS-IS. SELLER WILL PAY OWNERS POLICY & ESCROW PAYABLE NEWHOUSE TITLE(CASHIERS CHECK ONLY)IF BUYER CLOSES WITH SELLER'S CLOSING AGENT. BUYER PAYS DOC STAMPS ON DEED. INSPEC. CAN BE MADE UP TO 10 DAYS AFTER ACCEPTANCE. SPECIAL ADDEN. REQ . -CLICK ATTACHMENTS OR VISIT WEBSITE. * * NO FHA FINANCING AND NO UTILITIES AVAILABLE FOR INSPECTION * *

9. 2010-04-02
   listed $104,900 375-char remark

   Show marketing remark (375 chars)

   A HOMESTEPS PROPERTY!SOLD AS-IS. SELLER WILL PAY OWNERS POLICY & ESCROW PAYABLE NEWHOUSE TITLE(CASHIERS CHECK ONLY)IF BUYER CLOSES WITH SELLER'S CLOSING AGENT. BUYER PAYS DOC STAMPS ON DEED. INSPEC. CAN BE MADE UP TO 10 DAYS AFTER ACCEPTANCE. SPECIAL ADDEN. REQ . -CLICK ATTACHMENTS OR VISIT WEBSITE. * * NO FHA FINANCING AND NO UTILITIES AVAILABLE FOR INSPECTION * *

10. 2005-10-31
    soldstatus $240,500
11. 2000-10-20
    soldstatus $93,400

ⓘ 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: $1,712 · $143/mo
• Projected year-2 tax: $3,146 · $262/mo
• Expected delta: +$1,434/yr (+$119/mo · 83.7%)

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

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 23% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 33 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: $35,060
• − Mortgage interest: −$21,230
• − Property taxes: −$1,712
• − Insurance: −$1,895
• − Repairs & maintenance: −$2,805
• − Management: −$2,805
• − Depreciation: −$11,025
• Taxable loss: −$6,412
• Est. tax savings @ 24.0%: +$1,539
• After-tax cash flow: $1,779/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): 37,678
• Household income: $46,202
• Rent vs Own: 56.4% rent · 43.6% own
• Severe rent burden: 2737.0

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: Predominantly Hispanic (76%)
• Race & ethnicity: Hispanic / Latino 76% Two or more races 26% Black 13% White 9% Native American 3%
• Hispanic origin (detail): Mexican 15% Puerto Rican 4% Cuban 19% Dominican 2%
• Common ancestry: Hispanic 4%
• Foreign-born: 44% · Canada, Jamaica
• Languages at home: 26% English-only · Spanish 67% French/Haitian/Cajun 3% 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: ▼ -237.89%
• Current HPI: 463.2221
• Rent YoY: —
• 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

+305.8% since first listed

6 events — show timeline

• 2026-05-14 Contingent — MARMLS
• 2026-03-20 Listed $379,000 MARMLS
• 2010-06-02 Sold (MLS) $103,950 MARMLS
• 2010-04-02 Listed $104,900 MARMLS
• 2005-10-31 Sold (Public Records) $240,500 Public Records
• 2000-10-20 Sold (Public Records) $93,400 Public Records

Property tax history

+11.4%/yr

Latest (2015): $1,712 · +7.9% YoY. Source: county tax records.