1238 Old Dixie Hwy
Homestead, FL 33030 · single_family · For Sale · 26 days on market
Asking price$399,900
2 beds 1 baths 720 sqft
Suggested offer$276,923$122,977 above the est. market value of $276,923.
View on Realtor.com →Listed by Saud Rai (CRS) · Keyes - Homestead
Typesingle_family
Built1950
Price / sqft$555
Est. value (own analysis)$276,923
Rent estimate (own analysis)$2,400/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood7/10severe$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-08-07
Removed date—
MLSMiamiMLS #A12059259
Coordinates25.48258, -80.46473
Address1238 Old Dixie Hwy
CityHomestead
StateFL
Zip33030
Listing ID5136969128
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 | $399,900 |
| Down payment (20.0%) | $79,980 |
| Loan amount | $319,920 |
| Closing costs (5.0%) | $19,995 |
| Total cash to close | $99,975 |
| Income | |
| Rent (comp-derived) | $2,400$28,800 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,208$26,496 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $633$7,598 |
| Insurance (est. scaled by flood & wind risk) | $520$6,238 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $120$1,440 |
| Total operating expenses | $1,273$15,277 |
| 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) | $120$1,440 |
| 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 |
|---|---|---|---|---|---|---|---|
| single_family | 2 | 1 | 990 | $2,500 | 2026-08-02 | — | |
| single_family | 2 | 1 | 1,219 | $1,990 | 2026-08-18 | — | |
| single_family | 2 | 1 | 762 | $2,300 | 2026-08-17 | — | |
| single_family | 2 | 1 | 1,022 | $2,500 | 2026-08-28 | — |
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 |
|---|---|---|---|---|---|---|
| 430 NE 1st Rd | single_family | 2 | 1 | 1,320 | $337,000 | 2026-07-02 |
| 380 NE 15th St | single_family | 2 | 1 | 1,084 | $395,000 | 2026-06-24 |
| 30232 SW 172nd Ave | single_family | 2 | 1 | 1,674 | $530,000 | 2026-06-02 |
| 18765 SW 316th Ter | single_family | 2 | 1 | 1,150 | $500,000 | 2026-05-27 |
| 17350 SW 302nd St | single_family | 2 | 1 | 932 | $410,000 | 2026-05-26 |
| 514 NW 21st St | single_family | 2 | 2 | 1,622 | $500,000 | 2026-04-23 |
| 1300 NW 9th St | single_family | 2 | 1 | 925 | $375,000 | 2026-04-20 |
| 33 NW 8th Ave | single_family | 2 | 1 | 830 | $345,000 | 2026-04-02 |
| 846 NW 3rd Ave | single_family | 2 | 1 | 882 | $320,000 | 2026-03-19 |
| 805 NE 13th St | single_family | 2 | 1 | 728 | $280,000 | 2026-03-16 |
| 919 NE 13th St | single_family | 2 | 1 | 1,072 | $365,000 | 2026-03-02 |
| 1425 NW 9th St | single_family | 2 | 1 | 1,104 | $495,000 | 2026-01-14 |
| 16900 SW 301st Ter | single_family | 2 | 2 | 1,008 | $420,000 | 2026-01-13 |
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.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 722 SW 3rd Ave | single_family | 2 | 1 | 600 | $225,000 | — |
| 536 SW 6th Ter | multi_family | 2 | 2 | 900 | $375,000 | — |
| 100 SE 6th Ave | mobile | 2 | 1 | — | $49,000 | — |
| 21025 SW 300th St | single_family | 2 | 1 | 1,946 | $1,200,000 | — |
| 451 SE 8th St Lot 56 | mobile | 2 | 1 | — | $65,000 | — |
| 265 NE 12th Ave Unit 265 | condos | 2 | 2 | 1,084 | $210,000 | — |
| 515 SW 3rd Ave | multi_family | 2 | 1 | 2,414 | $1,000,090 | — |
| 611 SW 8th Ave | multi_family | 2 | 1 | 1,346 | $445,000 | — |
10-year hold projection
IRR0.2%
Equity multiple1.03x
Total return (10yr)$54,915
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $411,897 | $11,219 | -$14,891 | $316,451 | $95,446 |
| 2 | $424,254 | $11,632 | -$14,514 | $312,745 | $111,509 |
| 3 | $436,982 | $12,060 | -$14,124 | $308,783 | $128,198 |
| 4 | $450,091 | $12,502 | -$13,720 | $304,550 | $145,541 |
| 5 | $463,594 | $12,959 | -$13,301 | $300,026 | $163,568 |
| 6 | $477,502 | $13,432 | -$12,868 | $295,191 | $182,311 |
| 7 | $491,827 | $13,922 | -$12,419 | $290,024 | $201,802 |
| 8 | $506,581 | $14,428 | -$11,955 | $284,503 | $222,079 |
| 9 | $521,779 | $14,951 | -$11,474 | $278,602 | $243,177 |
| 10 | $537,432 | $15,493 | -$10,976 | $272,296 | $265,136 |
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.