2455 SE 23rd Rd
Homestead, FL 33035 · townhomes · Ready To Build · 6 days on market
Asking price$684,990
4 beds 3 baths 2,217 sqft
Suggested offer$417,461$267,529 above the est. market value of $417,461.
View on Realtor.com →Listed by Altamira - Malaga Collection
Typetownhomes
Built—
Price / sqft$309
Est. value (own analysis)$417,461
Rent estimate (own analysis)$2,875/mo
HOANone
1 / 23
Show every detail
Statusready_to_build
Listed date2026-08-28
Removed date—
MLSLennar #2061
Coordinates25.44910, -80.43880
Address2455 SE 23rd Rd
CityHomestead
StateFL
Zip33035
Listing ID417000815697
Sourceus-real-estate-listings, cached 2026-08-29
ZIP market snapshot (33035)
Typical home value (ZHVI)$331,237
Typical rent (ZORI)$2,328/mo
Zillow Research's ZHVI (home value index) and ZORI (rent index) for this ZIP, as of 2026-07 — free published data, refreshed monthly, no RentCast quota spent. "Typical value/rent" is a smoothed index, not a literal median of active listings.
Underwriting (buy-and-hold, default assumptions)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $684,990 |
| Down payment (20.0%) | $136,998 |
| Loan amount | $547,992 |
| Closing costs (5.0%) | $34,250 |
| Total cash to close | $171,248 |
| Income | |
| Rent (comp-derived) | $2,875$34,500 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,645$31,740 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,085$13,015 |
| Insurance (placeholder 0.8% of price) | $457$5,480 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $144$1,725 |
| Total operating expenses | $1,685$20,220 |
| Net operating income (NOI) | |
| Debt service & reserves | |
| Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing) | |
| CapEx reserve (5.0% of GSR) | $144$1,725 |
| Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%) | $0$0 |
| Cash flow |
Cap rate
Cash-on-cash
DSCR
Rent-to-price (1% rule)
Gross rent multiplier
Operating expense ratio
Break-even occupancy
Comparables
Same ZIP. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| townhomes | 4 | 3 | 2,058 | $2,450 | 2026-06-17 | — | |
| townhomes | 4 | 3 | 1,846 | $2,400 | 2026-06-28 | — | |
| townhomes | 4 | 3 | 1,820 | $2,800 | 2026-07-10 | — | |
| townhomes | 4 | 3 | 1,820 | $2,800 | 2026-08-07 | — | |
| townhomes | 4 | 3 | 1,828 | $2,950 | 2026-07-18 | — | |
| townhomes | 4 | 3 | 1,916 | $3,200 | 2026-08-11 | — | |
| townhomes | 4 | 3 | 1,846 | $3,500 | 2026-07-14 | — | |
| townhomes | 4 | 3 | 1,820 | $3,100 | 2026-04-07 | — | |
| townhomes | 4 | 3 | 1,732 | $3,700 | 2026-08-11 | — | |
| townhomes | 4 | 4 | 1,838 | $3,950 | 2026-03-02 | — | |
| townhomes | 4 | 3 | 1,543 | $2,650 | 2026-08-31 | — | |
| townhomes | 4 | 3 | 1,453 | $2,800 | 2026-05-18 | — |
Same ZIP & bedroom count. Closed sales from Realtor.com over the last 12 months, matched to this property's type — real transaction prices, not asking prices. Falls back to Miami-Dade County public records (property appraiser tax roll) when Realtor.com has no sales on file for the area.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 1399 SE 26th Ave | townhomes | 4 | 3 | 1,965 | $372,000 | 2026-07-31 |
| 1036 SE 24th Ave | townhomes | 4 | 3 | 1,374 | $329,900 | 2026-07-23 |
| 1442 SE 26th Ave | townhomes | 4 | 3 | 1,965 | $370,000 | 2026-07-16 |
| 1483 SE 25th Ave | townhomes | 4 | 3 | 1,965 | $370,000 | 2026-06-26 |
| 1464 SE 26th Ave | townhomes | 4 | 3 | 1,965 | $370,000 | 2026-06-18 |
| 1455 SE 26th Ave | townhomes | 4 | 3 | 1,916 | $375,000 | 2026-06-12 |
| 2534 SE 15th Ct | townhomes | 4 | 3 | 1,852 | $339,000 | 2026-06-10 |
| 2537 SE 15th Ct | townhomes | 4 | 3 | 1,965 | $355,000 | 2026-06-08 |
Same ZIP. Other properties currently for sale nearby — asking prices, not closed sale prices. Not a price comp; see Sold comps for actual transaction history.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 2455 SE 23rd Rd | single_family | 4 | 2 | 1,875 | $559,990 | — |
| 2455 SE 23rd Rd | single_family | 4 | 3 | 1,982 | $660,990 | — |
| 17602 SW 286 St | single_family | 4 | 3 | 2,189 | $712,640 | — |
| 2222 SE 24th Pl Unit 2222 | townhomes | 4 | 3 | 1,846 | $289,900 | — |
| 1567 SE 20th Ave | single_family | 4 | 3 | 1,928 | $469,999 | — |
| 1361 SE 16th Ave | single_family | 4 | 3 | 1,968 | $449,000 | — |
| 2357 SE 23rd Dr Unit 2357 | townhomes | 4 | 3 | 1,846 | $285,000 | — |
| 1971 SE 21st Ct | single_family | 4 | 3 | 2,578 | $625,000 | — |
10-year hold projection
IRR-2.7%
Equity multiple0.55x
Total return (10yr)$12,578
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $705,540 | $11,520 | -$32,463 | $542,051 | $163,489 |
| 2 | $726,706 | $11,967 | -$32,060 | $535,701 | $191,005 |
| 3 | $748,507 | $12,430 | -$31,641 | $528,916 | $219,591 |
| 4 | $770,962 | $12,909 | -$31,207 | $521,664 | $249,298 |
| 5 | $794,091 | $13,405 | -$30,758 | $513,915 | $280,176 |
| 6 | $817,914 | $13,919 | -$30,292 | $505,634 | $312,280 |
| 7 | $842,451 | $14,451 | -$29,808 | $496,783 | $345,668 |
| 8 | $867,725 | $15,001 | -$29,308 | $487,325 | $380,399 |
| 9 | $893,757 | $15,572 | -$28,789 | $477,218 | $416,539 |
| 10 | $920,569 | $16,162 | -$28,251 | $466,416 | $454,153 |
Assumes 3.0% annual rent growth, 2.5% expense growth, 3.0% appreciation, and a 6.0% selling cost at exit — all placeholder assumptions, not market-derived.