1560 NE 12th St
Homestead, FL 33033 · single_family · For Sale · 55 days on market
Asking price$519,000
3 beds 1 baths 1,072 sqft
Suggested offer$331,449$187,551 above the est. market value of $331,449.
View on Realtor.com →Listed by Cinthia Rai · Keyes - Homestead
Typesingle_family
Built1956
Price / sqft$484
Est. value (own analysis)$331,449
Rent estimate (own analysis)$2,750/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood7/10severe$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-07-09
Removed date—
MLSMiamiMLS #A12048080
Coordinates25.48166, -80.45556
Address1560 NE 12th St
CityHomestead
StateFL
Zip33033
Listing ID5156347418
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33033)
Typical home value (ZHVI)$436,367
Typical rent (ZORI)$2,539/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 | $519,000 |
| Down payment (20.0%) | $103,800 |
| Loan amount | $415,200 |
| Closing costs (5.0%) | $25,950 |
| Total cash to close | $129,750 |
| Income | |
| Rent (comp-derived) | $2,750$32,994 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,530$30,354 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $822$9,861 |
| Insurance (est. scaled by flood & wind risk) | $675$8,096 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $137$1,650 |
| Total operating expenses | $1,634$19,607 |
| 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) | $137$1,650 |
| 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 | 3 | 2 | 1,446 | $2,200 | 2026-06-02 | — | |
| single_family | 3 | 2 | 1,260 | $2,250 | 2026-05-01 | — | |
| single_family | 3 | 2 | 1,430 | $2,799 | 2026-07-02 | — | |
| single_family | 3 | 2 | 1,313 | $2,600 | 2026-06-08 | — | |
| single_family | 3 | 2 | 1,225 | $3,300 | 2026-08-21 | — | |
| single_family | 3 | 2 | 1,288 | $2,600 | 2026-06-11 | — | |
| single_family | 3 | 2 | 1,270 | $2,800 | 2026-05-15 | — | |
| single_family | 3 | 2 | 1,424 | $3,850 | 2026-08-26 | — | |
| single_family | 3 | 1 | 1,216 | $2,800 | 2026-06-29 | — | |
| single_family | 3 | 2 | 1,408 | $2,600 | 2026-05-29 | — | |
| single_family | 3 | 1 | 1,104 | $2,800 | 2026-07-04 | — | |
| single_family | 3 | 2 | 1,351 | $3,400 | 2026-08-20 | — | |
| single_family | 3 | 2 | 1,200 | $2,800 | 2026-08-13 | — | |
| single_family | 3 | 3 | 1,428 | $2,700 | 2026-06-29 | — | |
| single_family | 3 | 2 | 1,386 | $3,400 | 2026-08-17 | — | |
| single_family | 3 | 2 | 1,327 | $3,800 | 2026-08-03 | — | |
| single_family | 3 | 3 | 1,393 | $2,300 | — | — | |
| single_family | 3 | 3 | 1,331 | $2,600 | — | — | |
| single_family | 3 | 3 | 1,432 | $2,350 | — | — | |
| single_family | 3 | 3 | 1,393 | $2,600 | — | — | |
| single_family | 3 | 3 | 1,428 | $2,700 | — | — | |
| single_family | 3 | 3 | 1,363 | $2,900 | — | — | |
| single_family | 3 | 2 | 1,426 | $2,900 | — | — | |
| single_family | 3 | 2 | 1,200 | $2,500 | 2026-08-31 | — |
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 |
|---|---|---|---|---|---|---|
| 14521 SW 297th St | single_family | 3 | 1 | 1,056 | $435,000 | 2026-08-21 |
| 2395 SE 7th Pl | single_family | 3 | 2 | 1,548 | $415,000 | 2026-08-20 |
| 2105 NE 40th Ave | single_family | 3 | 2 | 1,787 | $475,000 | 2026-08-17 |
| 2915 SE 4th Pl | single_family | 3 | 2 | 1,654 | $499,000 | 2026-08-14 |
| 526 SE 35th Ave | single_family | 3 | 3 | 2,342 | $480,000 | 2026-08-11 |
| 423 SE 33rd Ter | single_family | 3 | 3 | 1,968 | $465,000 | 2026-08-11 |
| 16452 SW 293rd St | single_family | 3 | 2 | 1,508 | $550,000 | 2026-08-10 |
| 16110 SW 300th St | single_family | 3 | 2 | 1,483 | $496,000 | 2026-08-07 |
| 14850 SW 297th St | single_family | 3 | 2 | 1,058 | $450,000 | 2026-08-06 |
| 3785 NE 2nd St | single_family | 3 | 2 | 1,616 | $405,000 | 2026-08-05 |
| 14700 SW 302nd St | single_family | 3 | 1 | 1,260 | $525,000 | 2026-08-04 |
| 15621 SW 302nd St | single_family | 3 | 1 | 1,525 | $522,000 | 2026-08-03 |
| 30624 SW 152nd Ct | single_family | 3 | 2 | 1,100 | $499,900 | 2026-08-03 |
| 4149 NE 30th St | single_family | 3 | 2 | 1,443 | $430,000 | 2026-07-29 |
| 1209 NE 32nd Ave | single_family | 3 | 2 | 1,380 | $390,000 | 2026-07-28 |
| 29813 SW 158th Ct | single_family | 3 | 2 | 1,283 | $450,000 | 2026-07-28 |
| 29978 SW 158th Pl | single_family | 3 | 2 | 1,283 | $485,000 | 2026-07-27 |
| 3110 SE 4th Pl | single_family | 3 | 2 | 1,613 | $450,000 | 2026-07-24 |
| 14435 SW 289th St | single_family | 3 | 2 | 1,116 | $510,000 | 2026-07-23 |
| 711 SE 14th Ave | single_family | 3 | 2 | 1,833 | $605,000 | 2026-07-21 |
| 13372 SW 280th Ter | single_family | 3 | 2 | 1,542 | $162,000 | 2026-07-21 |
| 29843 SW 158th Ct | single_family | 3 | 2 | 1,283 | $495,000 | 2026-07-21 |
| 28821 SW 147th Ave | single_family | 3 | 2 | 1,248 | $435,000 | 2026-07-17 |
| 14980 SW 307th St | single_family | 3 | 2 | 1,583 | $320,000 | 2026-07-16 |
| 16101 SW 301st St | single_family | 3 | 2 | 1,450 | $475,000 | 2026-07-16 |
| 4112 NE 21st Ct | single_family | 3 | 2 | 1,698 | $525,000 | 2026-07-16 |
| 15115 SW 304th Ter | single_family | 3 | 1 | 1,100 | $497,000 | 2026-07-15 |
| 15245 SW 298th Ter | single_family | 3 | 2 | 1,754 | $525,000 | 2026-07-15 |
| 2890 NE 4th St | single_family | 3 | 4 | 2,664 | $590,000 | 2026-07-15 |
| 560 SE 33rd Ter | single_family | 3 | 2 | 1,968 | $355,000 | 2026-07-14 |
| 14211 SW 286th St | single_family | 3 | 2 | 1,325 | $515,000 | 2026-07-13 |
| 28021 SW 133rd Pl | single_family | 3 | 2 | 1,542 | $525,000 | 2026-07-13 |
| 1097 NE 40th Rd | single_family | 3 | 3 | 1,652 | $440,000 | 2026-07-10 |
| 3496 NE 3rd Dr | single_family | 3 | 2 | 1,386 | $399,000 | 2026-07-10 |
| 2064 NE 35th Ave | single_family | 3 | 3 | 2,099 | $535,000 | 2026-07-10 |
| 15545 Leisure Dr | single_family | 3 | 2 | — | $520,000 | 2026-07-10 |
| 14525 SW 297th Ter | single_family | 3 | 1 | 1,056 | $460,000 | 2026-07-09 |
| 1740 NE 36th Ave | single_family | 3 | 2 | 1,577 | $455,000 | 2026-07-08 |
| 4103 NE 20th St | single_family | 3 | 2 | 1,698 | $525,000 | 2026-07-07 |
| 3920 NE 13th Dr | single_family | 3 | 3 | 1,652 | $440,000 | 2026-07-06 |
| 28424 SW 135th Ave | single_family | 3 | 2 | 1,171 | $500,000 | 2026-07-02 |
| 30120 SW 156th Ave | single_family | 3 | 1 | 1,104 | $441,000 | 2026-07-01 |
| 232 SE 32nd Ter | single_family | 3 | 2 | 1,456 | $400,000 | 2026-07-01 |
| 1350 NE 42nd Ave | single_family | 3 | 4 | 2,603 | $520,000 | 2026-06-30 |
| 77 NE 37th Pl | single_family | 3 | 3 | 1,962 | $464,900 | 2026-06-30 |
| 1560 NE 11th St | single_family | 3 | 1 | 1,072 | $455,000 | 2026-06-29 |
| 1570 NE 9th St | single_family | 3 | 1 | 1,238 | $499,999 | 2026-06-29 |
| 455 SE 34th Ter | single_family | 3 | 3 | 2,004 | $520,000 | 2026-06-26 |
| 3771 SE 5th Ct | single_family | 3 | 2 | 1,728 | $465,000 | 2026-06-26 |
| 1561 NE 14th St | single_family | 3 | 2 | 1,433 | $485,000 | 2026-06-25 |
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 |
|---|---|---|---|---|---|---|
| 2585 SE 7th Pl | single_family | 3 | 2 | 1,548 | $385,000 | — |
| 460 SE 24th Dr | single_family | 3 | 2 | 1,519 | $399,900 | — |
| 142 SE 28th Ter Unit 11 | townhomes | 3 | 3 | 1,523 | $259,000 | — |
| 15485 Harrison Dr | single_family | 3 | 1 | 855 | $350,000 | — |
| 1073 NE 30th Ave | townhomes | 3 | 3 | 1,508 | $335,000 | — |
| townhomes | 3 | 3 | 1,169 | $268,000 | — | |
| 28393 SW 140th Pl | townhomes | 3 | 2 | 1,200 | $295,000 | — |
| 15122 SW 297th Ter | single_family | 3 | 2 | 1,292 | $450,000 | — |
10-year hold projection
IRR-1.8%
Equity multiple0.71x
Total return (10yr)$29,951
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $534,570 | $10,747 | -$22,921 | $410,698 | $123,872 |
| 2 | $550,607 | $11,168 | -$22,541 | $405,887 | $144,720 |
| 3 | $567,125 | $11,603 | -$22,148 | $400,746 | $166,379 |
| 4 | $584,139 | $12,054 | -$21,740 | $395,252 | $188,887 |
| 5 | $601,663 | $12,522 | -$21,318 | $389,380 | $212,283 |
| 6 | $619,713 | $13,006 | -$20,879 | $383,106 | $236,608 |
| 7 | $638,305 | $13,507 | -$20,425 | $376,400 | $261,905 |
| 8 | $657,454 | $14,026 | -$19,954 | $369,234 | $288,220 |
| 9 | $677,177 | $14,563 | -$19,465 | $361,575 | $315,602 |
| 10 | $697,493 | $15,119 | -$18,959 | $353,391 | $344,101 |
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.