11629 SW 236th St

Homestead, FL 33032 · single_family · For Sale · 52 days on market
Asking price$609,000
3 beds 3 baths 2,445 sqft
View on Realtor.com →
Listed by Ismaray Ferreiro Chapelli · Holistic Realty Group, LLC.
Typesingle_family
Built2006
Price / sqft$249
Est. value (own analysis)$873,036
Rent estimate (own analysis)$2,993/mo
HOA$85/mo
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-07-12
Removed date
MLSMiamiMLS #A12052077
Coordinates25.54819, -80.37968
Address11629 SW 236th St
CityHomestead
StateFL
Zip33032
Listing ID5015441863
Sourceus-real-estate-listings, cached 2026-08-28

ZIP market snapshot (33032)

Typical home value (ZHVI)$453,873
Typical rent (ZORI)$2,663/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)

Purchase price$609,000
Down payment (20.0%)$121,800
Loan amount$487,200
Closing costs (5.0%)$30,450
Total cash to close$152,250
Rent (comp-derived)$2,993$35,910
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$35,910
Vacancy rate (assumption) assumption8.0%

$35,910 × 8.0% = $2,873

Effective gross income$2,753$33,037
Property tax (placeholder 1.9% of price)$964$11,571
Insurance (placeholder 0.8% of price)$406$4,872
HOA dues$85$1,020
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$150$1,796
Total operating expenses$1,605$19,259
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$33,037
Total operating expenses derived$19,259

$33,037 − $19,259 = $13,779

Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing)

Monthly Principal & Interest

Standard amortization on the loan amount, at the effective rate and term

Loan amount derived$487,200
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$487,200 amortized at 6.7% over 30 years = $3,131/mo

CapEx reserve (5.0% of GSR)$150$1,796
Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%)$0$0
Cash flow

Monthly Cash Flow

(NOI − Annual Debt Service − Annual CapEx Reserve − Annual PMI) ÷ 12

NOI derived$13,779
Annual debt service derived$37,571
Annual CapEx reserve assumption$1,796
Annual PMI assumption$0

($13,779 − $37,571 − $1,796 − $0) ÷ 12 = -$2,132

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$13,779
Purchase price data$609,000

$13,779 ÷ $609,000 = 2.3%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$25,587
Total cash to close derived$152,250

-$25,587 ÷ $152,250 = -16.8%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$13,779
Annual debt service derived$37,571

$13,779 ÷ $37,571 = 0.37

Rent-to-price (1% rule)

Rent-to-Price (the "1% rule")

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$35,910
Purchase price data$609,000

($35,910 ÷ 12) ÷ $609,000 = 0.5%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$609,000
Gross scheduled rent (annual) comp$35,910

$609,000 ÷ $35,910 = 17.0

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$19,259
Effective gross income derived$33,037

$19,259 ÷ $33,037 = 58.3%

Break-even occupancy

Break-Even Occupancy

(Total OpEx + Annual Debt Service + Annual PMI) ÷ Gross Scheduled Rent

Total operating expenses derived$19,259
Annual debt service derived$37,571
Annual PMI assumption$0
Gross scheduled rent (annual) comp$35,910

($19,259 + $37,571 + $0) ÷ $35,910 = 158.3%

Comparables

Same ZIP. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family312,100$3,5002026-08-24
single_family331,879$2,695
single_family331,676$2,3202026-08-04
single_family321,650$2,995
single_family331,612$2,6002026-08-28
single_family311,685$3,3002026-08-18
single_family322,073$2,7002026-04-22
single_family332,421$3,4502026-06-26
single_family333,199$3,1502026-06-17
single_family331,827$2,7502026-07-10
single_family331,612$2,500
single_family331,600$2,650
single_family331,668$2,538
single_family331,695$3,000
single_family331,695$2,790
single_family331,772$3,100
single_family332,040$3,400
single_family331,656$3,100
single_family331,649$3,500
single_family331,772$2,9902026-08-19
single_family331,697$2,9002026-08-19
single_family321,724$3,4252026-08-29

26602 SW 125th Ct

Homestead, 33032 · rent comp

Bedrooms / bathrooms3 bd / 1 ba
Square footage2,100
Listed2026-08-24
Days on market

Asking rent: $3,500

View on Zillow →

11457 SW 253rd St

Homestead, 33032 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,879
Listed
Days on market

Asking rent: $2,695

View on Zillow →

14054 SW 260th St Apt 105

Homestead, 33032 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,676
Listed2026-08-04
Days on market

Asking rent: $2,320

View on Zillow →

13143 SW 256th St

Homestead, 33032 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,650
Listed
Days on market

Asking rent: $2,995

View on Zillow →

11833 SW 245th Ter Unit 11833

Homestead, 33032 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,612
Listed2026-08-28
Days on market

Asking rent: $2,600

View on Zillow →

13260 SW 272nd St

Homestead, 33032 · rent comp

Bedrooms / bathrooms3 bd / 1 ba
Square footage1,685
Listed2026-08-18
Days on market

Asking rent: $3,300

View on Zillow →

26925 SW 145th Ave

Homestead, 33032 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage2,073
Listed2026-04-22
Days on market

Asking rent: $2,700

View on Zillow →

24301 SW 112th Ct Unit 24301

Homestead, 33032 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage2,421
Listed2026-06-26
Days on market

Asking rent: $3,450

View on Zillow →

11770 SW 242nd Ter Unit A

Homestead, 33032 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage3,199
Listed2026-06-17
Days on market

Asking rent: $3,150

View on Zillow →

24522 SW 119th Ct

Princeton, 33032 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,827
Listed2026-07-10
Days on market

Asking rent: $2,750

View on Zillow →

12950 SW 233rd Ter

Princeton, 33032 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,612
Listed
Days on market

Asking rent: $2,500

View on Zillow →

11817 SW 246th Ter

Princeton, 33032 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,600
Listed
Days on market

Asking rent: $2,650

View on Zillow →

11549 SW 248th St

Homestead, 33032 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,668
Listed
Days on market

Asking rent: $2,538

View on Zillow →

13150 SW 233rd St # 13150

Homestead, 33032 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,695
Listed
Days on market

Asking rent: $3,000

View on Zillow →

11934 SW 247th Ter

Homestead, 33032 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,695
Listed
Days on market

Asking rent: $2,790

View on Zillow →

25185 SW 108th Ave # 25185

Homestead, 33032 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,772
Listed
Days on market

Asking rent: $3,100

View on Zillow →

11300 SW 236th Ln

Homestead, 33032 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage2,040
Listed
Days on market

Asking rent: $3,400

View on Zillow →

23355 SW 113th Psge

Princeton, 33032 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,656
Listed
Days on market

Asking rent: $3,100

View on Zillow →

11387 SW 248th Ter

Princeton, 33032 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,649
Listed
Days on market

Asking rent: $3,500

View on Zillow →

24902 SW 107th Ave

Homestead, 33032 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,772
Listed2026-08-19
Days on market

Asking rent: $2,990

View on Zillow →

24608 SW 119th Pl

Princeton, 33032 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,697
Listed2026-08-19
Days on market

Asking rent: $2,900

View on Zillow →

27904 SW 129th Pl

Homestead, 33032 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,724
Listed2026-08-29
Days on market

Asking rent: $3,425

View on Zillow →

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
24911 SW 112th Plsingle_family331,326$378,0002026-08-21
13041 SW 260th Tersingle_family321,275$480,0002026-08-18
12961 SW 268th Stsingle_family321,422$575,0002026-08-13
15280 SW 271st Stsingle_family321,274$660,0002026-08-11
27728 SW 132nd Ctsingle_family321,288$519,0002026-08-07
24930 SW 129th Ctsingle_family321,383$520,0002026-08-04
13205 SW 256th Stsingle_family321,230$560,0002026-07-28
25216 SW 108th Ctsingle_family331,872$470,0002026-07-28
12860 SW 268th Stsingle_family321,740$570,0002026-07-27
12799 SW 257th Stsingle_family321,221$480,0002026-07-24
26220 SW 136th Plsingle_family321,528$415,0002026-07-24
23723 SW 107th Ctsingle_family321,644$530,0002026-07-24
11938 SW 241st Stsingle_family331,726$600,0002026-07-24
26063 SW 138th Ctsingle_family321,152$330,0002026-07-23
23552 SW 107th Plsingle_family321,790$547,5002026-07-22
12972 SW 245th Stsingle_family311,118$390,0002026-07-22
25180 SW 119th Avesingle_family321,684$560,0002026-07-21
10958 SW 247th Tersingle_family331,459$400,0002026-07-17
23813 SW 108th Ctsingle_family321,903$564,0002026-07-13
12742 SW 265th Stsingle_family321,390$490,0002026-07-09
13412 SW 256th Tersingle_family321,298$550,0002026-07-09
25811 SW 132nd Avesingle_family321,318$530,0002026-07-02
24105 SW 124th Avesingle_family322,459$975,0002026-07-02
24401 SW 123rd Avesingle_family321,945$1,000,0002026-07-01
13453 SW 256th Tersingle_family321,343$550,0002026-07-01
26801 SW 144th Ctsingle_family311,015$455,0002026-07-01
25051 SW 129th Ctsingle_family321,786$286,8882026-06-30
12381 SW 264th Stsingle_family321,334$450,0002026-06-30
12854 SW 263rd Tersingle_family321,100$380,0002026-06-26
26215 SW 130th Ctsingle_family321,917$565,0002026-06-26
13050 SW 261st Tersingle_family331,289$470,0002026-06-24
11324 SW 246th Tersingle_family321,554$530,0002026-06-18
25341 SW 129th Ct Unit 917single_family32952$70,0002026-06-18
11837 SW 273rd Lnsingle_family321,459$530,0002026-06-15
13201 SW 276th Tersingle_family321,120$520,0002026-06-15
24923 SW 127th Plsingle_family321,197$498,0002026-06-12
13224 SW 253rd Tersingle_family321,294$505,0002026-06-12
11557 SW 235th Stsingle_family332,573$570,0002026-06-10
11866 SW 253rd Tersingle_family321,684$560,0002026-06-05
13471 SW 278th Tersingle_family321,438$520,0002026-06-05
11800 SW 272nd Tersingle_family321,900$516,0002026-06-04
12800 SW 259th Stsingle_family321,221$500,0002026-06-02
12848 SW 242nd Stsingle_family331,648$480,0002026-05-29
26682 SW 125th Ctsingle_family321,325$375,0002026-05-26
10902 SW 232nd Tersingle_family331,705$445,0002026-05-21
27607 SW 133rd Plsingle_family321,570$605,0002026-05-21
27100 SW 144th Avesingle_family311,281$470,0002026-05-18
13246 SW 276th Lnsingle_family321,157$450,0002026-05-15
12311 SW 264th Stsingle_family321,476$535,0002026-05-14
12055 SW 240th Stsingle_family321,462$1,200,0002026-05-13

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.

AddressTypeBedsBathsSqftAsking priceDays on market
15791 SW 276 Tertownhomes331,381$464,990
12400 SW 248th St Unit 5single_family331,367$429,990
12400 SW 248th St Unit 4single_family331,416$439,990
SW 280th St & 157th Avesingle_family321,599$429,990
SW 124th Ave & SW 248th Sttownhomes331,333$439,990
SW 280th St & 157th Avesingle_family321,416$394,990
15643 SW 280th St Unit 2single_family331,599$429,990
SW 124th Ave & SW 248th Sttownhomes331,333$439,990

10-year hold projection

IRR-1.2%
Equity multiple0.80x
Total return (10yr)$49,125
YearProperty valueNOICash flowLoan balanceEquity
1$627,270$13,779-$25,587$481,918$145,352
2$646,088$14,288-$25,123$476,273$169,816
3$665,471$14,816-$24,641$470,240$195,231
4$685,435$15,361-$24,143$463,793$221,642
5$705,998$15,926-$23,627$456,903$249,095
6$727,178$16,510-$23,092$449,540$277,638
7$748,993$17,114-$22,539$441,672$307,322
8$771,463$17,739-$21,966$433,263$338,200
9$794,607$18,386-$21,372$424,277$370,330
10$818,445$19,055-$20,758$414,673$403,772
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.
All figures are estimates for evaluation purposes only, not investment, tax, legal, or insurance advice. Property tax is estimated from a real matched tax bill or millage rate when available, a placeholder % of price otherwise; insurance is scaled by flood and wind risk where those are known and a flat percentage otherwise — never a real quote. Verify all of them, along with association restrictions and permit status, before committing capital. Rent estimates come from real comps or Zillow’s ZIP index, not appraisals.