2455 SE 23rd Rd
Homestead, FL 33035 · townhomes · Ready To Build · 3 days on market
Asking price$760,990
5 beds 3 baths 3,105 sqft
Suggested offer$650,310$110,680 above the est. market value of $650,310.
View on Realtor.com →Listed by Altamira - Malaga Collection
Typetownhomes
Built—
Price / sqft$245
Est. value (own analysis)$650,310
Rent estimate (Zillow ZIP avg)$2,328/mo
HOANone
1 / 18
Show every detail
Statusready_to_build
Listed date2026-08-31
Removed date—
MLSLennar #2795
Coordinates25.44910, -80.43880
Address2455 SE 23rd Rd
CityHomestead
StateFL
Zip33035
Listing ID417000815700
Sourceus-real-estate-listings, cached 2026-09-01
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 | $760,990 |
| Down payment (20.0%) | $152,198 |
| Loan amount | $608,792 |
| Closing costs (5.0%) | $38,050 |
| Total cash to close | $190,248 |
| Income | |
| Rent (ZIP avg, ZORI — not bedroom-specific) | $2,328$27,941 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,142$25,705 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,205$14,459 |
| Insurance (placeholder 0.8% of price) | $507$6,088 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $116$1,397 |
| Total operating expenses | $1,829$21,944 |
| 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) | $116$1,397 |
| 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.
No active rental listings cached yet for this bedroom count.
Widened to any bedroom count in ZIP. 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 |
|---|---|---|---|---|---|---|
| 2526 SE 25th Dr | townhomes | 3 | 3 | 1,334 | $415,990 | 2026-08-31 |
| 1711 San Remo Cir | townhomes | 3 | 2 | 1,329 | $315,000 | 2026-08-28 |
| 1432 SE 25th Ave | townhomes | 3 | 3 | 1,704 | $339,800 | 2026-08-26 |
| 1614 SE 31st Ct | townhomes | 2 | 3 | 1,166 | $229,000 | 2026-08-24 |
| 2592 SE 25th Rd | townhomes | 3 | 3 | 1,334 | $390,340 | 2026-08-24 |
| 2552 SE 25th Rd | townhomes | 3 | 3 | 1,470 | $386,000 | 2026-08-21 |
| 1070 SE 26th Ter | townhomes | 3 | 3 | 1,331 | $315,000 | 2026-08-21 |
| 2632 SE 11th Ct | townhomes | 3 | 3 | 1,331 | $370,000 | 2026-08-17 |
| 1624 SE 24th Ct | townhomes | 3 | 2 | 1,991 | $375,000 | 2026-08-11 |
| 1916 SE 23rd Ave | townhomes | 3 | 3 | 1,932 | $299,999 | 2026-08-10 |
| 2648 SE 12th St | townhomes | 3 | 3 | 1,442 | $355,000 | 2026-07-31 |
| 3400 San Remo Cir | townhomes | 2 | 2 | 951 | $252,500 | 2026-07-31 |
| 3070 SE 17th Ave | townhomes | 3 | 2 | 1,518 | $295,000 | 2026-07-31 |
| 1399 SE 26th Ave | townhomes | 4 | 3 | 1,965 | $372,000 | 2026-07-31 |
| 2545 SE 25th Dr | townhomes | 3 | 3 | 1,697 | $455,075 | 2026-07-29 |
| 1633 Greer Ave | townhomes | 2 | 2 | 1,174 | $309,000 | 2026-07-27 |
| 1114 SE 27th Ter | townhomes | 3 | 3 | 1,695 | $355,000 | 2026-07-24 |
| 2747 SE 15th St | townhomes | 3 | 3 | 1,393 | $334,950 | 2026-07-24 |
| 1612 SE 30th St | townhomes | 3 | 3 | 1,509 | $300,000 | 2026-07-23 |
| 1036 SE 24th Ave | townhomes | 4 | 3 | 1,374 | $329,900 | 2026-07-23 |
| 1092 SE 23rd Ave | townhomes | 3 | 2 | 1,302 | $304,000 | 2026-07-17 |
| 1442 SE 26th Ave | townhomes | 4 | 3 | 1,965 | $370,000 | 2026-07-16 |
| 2622 SE 14th Ave Unit 305 | townhomes | 3 | 3 | 1,302 | $220,000 | 2026-07-10 |
| 1591 SE 31st Ct | townhomes | 3 | 2 | 1,509 | $280,000 | 2026-07-08 |
| 2620 SE 14th Ave Unit 304 | townhomes | 3 | 3 | 1,423 | $239,000 | 2026-07-07 |
| 1958 SE 24th Ter | townhomes | 2 | 2 | 1,431 | $258,000 | 2026-07-01 |
| 2432 SE 15th St | townhomes | 3 | 2 | 1,731 | $335,000 | 2026-06-30 |
| 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 |
| 1444 SE 25th Ave | townhomes | 3 | 3 | 1,704 | $375,000 | 2026-06-16 |
| 2626 SE 13th St | townhomes | 3 | 2 | 1,331 | $150,100 | 2026-06-12 |
| 1621 SE 30th St | townhomes | 2 | 3 | 1,166 | $250,000 | 2026-06-12 |
| 1455 SE 26th Ave | townhomes | 4 | 3 | 1,916 | $375,000 | 2026-06-12 |
| 2987 SE 15th Ave | townhomes | — | 0 | — | $237,000 | 2026-06-12 |
| 2701 SE 15th St | townhomes | 3 | 3 | 1,328 | $320,000 | 2026-06-11 |
| 9579043564 | townhomes | 3 | 3 | 1,483 | $325,000 | 2026-06-11 |
| 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 |
| 2579 SE 25th Ter | townhomes | 3 | 3 | 1,443 | $399,790 | 2026-06-04 |
| 2623 SE 11th St | townhomes | 3 | 3 | 1,695 | $385,000 | 2026-06-03 |
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 | 5 | 3 | 2,656 | $649,990 | — |
| 2475 SE 29th Dr | single_family | 5 | 4 | — | $790,000 | — |
| 3140 Fairways Dr | single_family | 5 | 3 | 3,061 | $875,000 | — |
| 1611 SE 16th St | single_family | 5 | 4 | 2,786 | $635,000 | — |
| 2835 Fairways Dr | single_family | 5 | 4 | 2,460 | $585,000 | — |
| 2220 SE 19th Ave | single_family | 5 | 4 | 3,567 | $715,000 | — |
| 2832 SE 23rd Ave | single_family | 5 | 4 | 3,150 | $819,000 | — |
| 1958 SE 23rd Ct | single_family | 5 | 4 | 3,567 | $800,000 | — |
10-year hold projection
IRR-5.8%
Equity multiple0.04x
Total return (10yr)-$83,940
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $783,820 | $3,762 | -$44,583 | $602,191 | $181,628 |
| 2 | $807,334 | $3,984 | -$44,395 | $595,137 | $212,197 |
| 3 | $831,554 | $4,216 | -$44,199 | $587,599 | $243,955 |
| 4 | $856,501 | $4,458 | -$43,994 | $579,543 | $276,958 |
| 5 | $882,196 | $4,710 | -$43,779 | $570,934 | $311,262 |
| 6 | $908,662 | $4,972 | -$43,556 | $561,734 | $346,928 |
| 7 | $935,922 | $5,245 | -$43,322 | $551,901 | $384,020 |
| 8 | $963,999 | $5,530 | -$43,078 | $541,394 | $422,605 |
| 9 | $992,919 | $5,826 | -$42,823 | $530,165 | $462,754 |
| 10 | $1,022,707 | $6,135 | -$42,557 | $518,165 | $504,542 |
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.