112 NE 17th St

Homestead, FL 33030 · single_family · Pending — under contract · 40 days on market
Asking price$598,000
3 beds 2 baths 1,538 sqft
Suggested offer$528,503$69,497 above the est. market value of $528,503.
View on Realtor.com →
Listed by Barbie Cruzado · Coldwell Banker Realty
Typesingle_family
Built1952
Price / sqft$389
Est. value (own analysis)$528,503
Rent estimate (own analysis)$3,300/mo
HOANone
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Neighborhood

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Statusfor_sale
Listed date2026-07-24
Removed date
MLSMiamiMLS #A12059500
Coordinates25.48599, -80.47472
Address112 NE 17th St
CityHomestead
StateFL
Zip33030
Listing ID5130037663
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)

Purchase price$598,000
Down payment (20.0%)$119,600
Loan amount$478,400
Closing costs (5.0%)$29,900
Total cash to close$149,500
Rent (comp-derived)$3,300$39,600
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$39,600
Vacancy rate (assumption) assumption8.0%

$39,600 × 8.0% = $3,168

Effective gross income$3,036$36,432
Property tax (placeholder 1.9% of price)$947$11,362
Insurance (placeholder 0.8% of price)$399$4,784
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$165$1,980
Total operating expenses$1,511$18,126
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$36,432
Total operating expenses derived$18,126

$36,432 − $18,126 = $18,306

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$478,400
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$478,400 amortized at 6.7% over 30 years = $3,074/mo

CapEx reserve (5.0% of GSR)$165$1,980
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$18,306
Annual debt service derived$36,892
Annual CapEx reserve assumption$1,980
Annual PMI assumption$0

($18,306 − $36,892 − $1,980 − $0) ÷ 12 = -$1,714

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$18,306
Purchase price data$598,000

$18,306 ÷ $598,000 = 3.1%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$20,566
Total cash to close derived$149,500

-$20,566 ÷ $149,500 = -13.8%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$18,306
Annual debt service derived$36,892

$18,306 ÷ $36,892 = 0.50

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$39,600
Purchase price data$598,000

($39,600 ÷ 12) ÷ $598,000 = 0.6%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$598,000
Gross scheduled rent (annual) comp$39,600

$598,000 ÷ $39,600 = 15.1

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$18,126
Effective gross income derived$36,432

$18,126 ÷ $36,432 = 49.8%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$18,126
Annual debt service derived$36,892
Annual PMI assumption$0
Gross scheduled rent (annual) comp$39,600

($18,126 + $36,892 + $0) ÷ $39,600 = 138.9%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family321,648$3,8002026-08-06
single_family321,902$3,0002026-08-05
single_family311,190$2,7002026-06-02
single_family321,302$3,3002026-07-22
single_family331,433$2,800
single_family321,302$3,300
single_family331,400$3,6002025-12-22

31140 SW 188th Ave Unit 0

Homestead, 33030 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,648
Listed2026-08-06
Days on market

Asking rent: $3,800

View on Zillow →

30340 SW 170th Ave

Homestead, 33030 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,902
Listed2026-08-05
Days on market

Asking rent: $3,000

View on Zillow →

701 NE 14th St

Homestead, 33030 · rent comp

Bedrooms / bathrooms3 bd / 1 ba
Square footage1,190
Listed2026-06-02
Days on market

Asking rent: $2,700

View on Zillow →

44 NW 19th St Unit 1

Homestead, 33030 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,302
Listed2026-07-22
Days on market

Asking rent: $3,300

View on Zillow →

377 NE 1st Dr

Homestead, 33030 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,433
Listed
Days on market

Asking rent: $2,800

View on Zillow →

44 NW 19th St

Homestead, 33030 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,302
Listed
Days on market

Asking rent: $3,300

View on Zillow →

1530 NW 15th Ter

Fort Lauderdale, 33030 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,400
Listed2025-12-22
Days on market

Asking rent: $3,600

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
19102 SW 318th Tersingle_family321,300$470,0002026-08-27
17265 SW 302nd Stsingle_family321,156$485,0002026-08-24
1635 NW 15th Tersingle_family321,598$675,0002026-08-20
30502 SW 187th Ctsingle_family321,245$495,0002026-08-13
446 NW 17th Stsingle_family321,530$275,0002026-08-10
1044 NE 4th Avesingle_family311,191$485,0002026-08-01
17223 SW 302nd Stsingle_family311,053$390,0002026-07-30
78 NW 2nd Stsingle_family321,520$480,0002026-07-24
628 SW 8th Avesingle_family311,323$386,0002026-07-23
81 NW 18th Stsingle_family322,048$650,0002026-07-21
220 NE 12th Ave Lot 142single_family321,456$230,0002026-07-20
31500 SW 192nd Avesingle_family332,360$810,0002026-07-17
1630 NW 10th Stsingle_family321,876$500,0002026-07-13
19520 SW 307th Stsingle_family321,691$690,0002026-07-08
30704 SW 188th Ctsingle_family321,624$515,0002026-07-07
508 SW 17th Avesingle_family321,275$419,0002026-07-07
18300 SW 296th Stsingle_family322,177$780,0002026-07-04
29450 SW 185th Ctsingle_family332,741$750,0002026-07-02
241 SW 4th Avesingle_family332,520$900,0002026-06-30
905 NE 12th Avesingle_family321,365$356,5002026-06-25
17260 SW 299th Stsingle_family321,430$730,0002026-06-24
1765 SW 3rd Ctsingle_family321,200$425,0002026-06-22
211 SW 15th Tersingle_family321,554$485,0002026-06-17
20000 SW 286th Stsingle_family322,540$850,0002026-06-15
313 NW 12th Stsingle_family321,124$400,0002026-06-12
229 NW 9th Avesingle_family321,252$360,0002026-06-11
536 SW 6th Avesingle_family311,057$13,851,0002026-06-10
18781 SW 294th Tersingle_family322,086$719,0002026-06-10
105 NE 17th Stsingle_family322,568$485,0002026-06-10
30300 SW 171st Avesingle_family321,615$555,0002026-06-05
885 NE 3rd Avesingle_family321,688$580,0002026-06-03
1866 NW 8th Tersingle_family321,698$500,0002026-06-03
105 NW 5th Avesingle_family321,252$300,0002026-06-02
16960 SW 301st Stsingle_family311,458$460,0002026-05-29
30861 SW 192nd Avesingle_family321,316$540,0002026-05-26
18745 SW 317th Tersingle_family311,000$350,0002026-05-15
29071 SW 171st Avesingle_family322,137$798,0002026-05-13
30930 SW 190th Avesingle_family321,665$635,0002026-05-13
19043 SW 319th Stsingle_family321,480$460,0002026-05-01
546 NW 5th Avesingle_family311,086$240,0002026-04-30
19461 SW 307th Stsingle_family321,740$560,0002026-04-27
18740 SW 297th Stsingle_family321,846$762,9002026-04-24
74 NW 2nd Stsingle_family321,520$440,0002026-04-22
324 SW 16th Tersingle_family321,232$479,9002026-04-10
18830 SW 294th Tersingle_family322,301$700,0002026-04-08
708 NW 15th Stsingle_family32953$389,9002026-04-07
18950 SW 310th Stsingle_family321,012$545,0002026-04-03
131 NE 18th Stsingle_family321,505$546,0002026-03-31
33 NW 7th Avesingle_family31960$349,0002026-03-31
30110 SW 168th Ctsingle_family321,614$485,0002026-03-27

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
SW 312 St & 187th Avesingle_family321,813$504,990
18840 SW 314th Stsingle_family331,813$510,365
18876 SW 314th Stsingle_family331,670$504,215
SW 312 St & 187th Avesingle_family321,670$493,990
31 NW 10th St Unit 1105condos331,209$1,461,500
30221 SW 173rd Avesingle_family321,302$546,000
948 NW 9th Ctsingle_family321,858$463,000
655 SW 5th Stsingle_family321,120$375,000

10-year hold projection

IRR0.9%
Equity multiple1.15x
Total return (10yr)$100,356
YearProperty valueNOICash flowLoan balanceEquity
1$615,940$18,306-$20,566$473,213$142,727
2$634,418$18,946-$19,976$467,670$166,748
3$653,451$19,607-$19,365$461,746$191,705
4$673,054$20,291-$18,734$455,416$217,639
5$693,246$20,997-$18,081$448,650$244,596
6$714,043$21,727-$17,405$441,420$272,623
7$735,465$22,481-$16,707$433,694$301,771
8$757,529$23,261-$15,985$425,437$332,092
9$780,254$24,066-$15,238$416,613$363,641
10$803,662$24,899-$14,466$407,183$396,479
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.