1584 SW 2nd St
Homestead, FL 33030 · townhomes · For Sale · 144 days on market
Asking price$299,000
3 beds 2 baths 1,115 sqft
Suggested offer$257,308$41,692 above the est. market value of $257,308.
View on Realtor.com →Listed by Rachael Barach · RE MAX Preferred
Typetownhomes
Built2005
Price / sqft$268
Est. value (own analysis)$257,308
Rent estimate (own analysis)$2,200/mo
HOA$67/mo
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Statusfor_sale
Listed date2026-04-11
Removed date—
MLSBeachesMLS #B26014120
Coordinates25.46799, -80.49738
Address1584 SW 2nd St
CityHomestead
StateFL
Zip33030
Listing ID5120236720
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33030)
Typical home value (ZHVI)$521,479
Typical rent (ZORI)$2,465/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 | $299,000 |
| Down payment (20.0%) | $59,800 |
| Loan amount | $239,200 |
| Closing costs (5.0%) | $14,950 |
| Total cash to close | $74,750 |
| Income | |
| Rent (comp-derived) | $2,200$26,400 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,024$24,288 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $473$5,681 |
| Insurance (placeholder 0.8% of price) | $199$2,392 |
| HOA dues | $67$804 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $110$1,320 |
| Total operating expenses | $850$10,197 |
| 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) | $110$1,320 |
| 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 | 3 | 2 | 1,232 | $1,990 | 2026-08-28 | — | |
| townhomes | 3 | 2 | 1,115 | $2,400 | 2026-08-26 | — | |
| townhomes | 3 | 2 | 1,167 | $2,200 | 2026-08-10 | — |
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 |
|---|---|---|---|---|---|---|
| 761 SE 2nd St | townhomes | 3 | 3 | 1,378 | $318,000 | 2026-08-11 |
| 64 SW 15th Ter | townhomes | 3 | 2 | 1,189 | $340,000 | 2026-08-03 |
| 136 SW 15th Rd | townhomes | 3 | 2 | 1,115 | $200,000 | 2026-07-20 |
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 |
|---|---|---|---|---|---|---|
| SW 312 St & 187th Ave | single_family | 3 | 2 | 1,813 | $504,990 | — |
| 18840 SW 314th St | single_family | 3 | 3 | 1,813 | $510,365 | — |
| 18876 SW 314th St | single_family | 3 | 3 | 1,670 | $504,215 | — |
| SW 312 St & 187th Ave | single_family | 3 | 2 | 1,670 | $493,990 | — |
| 31 NW 10th St Unit 1105 | condos | 3 | 3 | 1,209 | $1,461,500 | — |
| 30221 SW 173rd Ave | single_family | 3 | 2 | 1,302 | $546,000 | — |
| 948 NW 9th Ct | single_family | 3 | 2 | 1,858 | $463,000 | — |
| 655 SW 5th St | single_family | 3 | 2 | 1,120 | $375,000 | — |
10-year hold projection
IRR5.4%
Equity multiple1.86x
Total return (10yr)$103,385
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $307,970 | $14,091 | -$5,675 | $236,607 | $71,363 |
| 2 | $317,209 | $14,565 | -$5,234 | $233,835 | $83,374 |
| 3 | $326,725 | $15,054 | -$4,779 | $230,873 | $95,852 |
| 4 | $336,527 | $15,559 | -$4,308 | $227,708 | $108,819 |
| 5 | $346,623 | $16,081 | -$3,822 | $224,325 | $122,297 |
| 6 | $357,022 | $16,619 | -$3,320 | $220,711 | $136,311 |
| 7 | $367,732 | $17,176 | -$2,801 | $216,848 | $150,885 |
| 8 | $378,764 | $17,750 | -$2,265 | $212,719 | $166,045 |
| 9 | $390,127 | $18,343 | -$1,711 | $208,307 | $181,820 |
| 10 | $401,831 | $18,956 | -$1,139 | $203,592 | $198,239 |
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.