963 NE 5th Ave
Homestead, FL 33030 · multi_family · Pending — under contract · 29 days on market
Asking price$460,000
4 beds 2 baths 2,070 sqft
Listed by Jose Duran Menendez · A & G TEAM REALTY, LLC
Typemulti_family
Built1984
Price / sqft$222
Est. value (own analysis)$690,000
Rent estimate (building total, own analysis)$3,774/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood7/10severe$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-08-04
Removed date—
MLSMiamiMLS #A12063783
Coordinates25.47933, -80.46927
Address963 NE 5th Ave
CityHomestead
StateFL
Zip33030
Listing ID5168347052
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 | $460,000 |
| Down payment (20.0%) | $92,000 |
| Loan amount | $368,000 |
| Closing costs (5.0%) | $23,000 |
| Total cash to close | $115,000 |
| Income | |
| Rent (estimate) | $3,774$45,289 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,472$41,666 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $728$8,740 |
| Insurance (est. scaled by flood & wind risk) | $598$7,176 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $189$2,264 |
| Total operating expenses | $1,515$18,180 |
| 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) | $189$2,264 |
| 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.
No active rental listings cached yet for this bedroom count.
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 |
|---|---|---|---|---|---|---|
| 1011 NW 9th St | multi_family | 4 | 2 | 1,500 | $500,000 | 2026-07-27 |
| 280 SW 11th Ave | multi_family | 4 | 4 | 1,829 | $4,680,000 | 2026-04-10 |
| 260 SW 11th Ave | multi_family | 4 | 4 | 1,861 | $4,680,000 | 2026-04-10 |
| 901 NW 11th St | multi_family | 4 | 2 | 1,566 | $455,000 | 2026-03-31 |
| 786 NW 13th St | multi_family | 4 | 2 | 1,500 | $350,000 | 2026-02-26 |
| 1001 NW 9th Ct | multi_family | 4 | 2 | 1,764 | $184,800 | 2025-11-25 |
| 1105 SW 2nd St | multi_family | 4 | 2 | 1,150 | $420,000 | 2025-10-10 |
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 |
|---|---|---|---|---|---|---|
| 28544 SW 176th Ave. | single_family | 4 | 3 | 2,648 | $805,990 | — |
| SW 288 St & 177th Ave | single_family | 4 | 3 | 3,108 | $789,990 | — |
| 31353 SW 192 Ave | townhomes | 4 | 4 | 2,356 | $518,850 | — |
| 18856 SW 314th St | single_family | 4 | 3 | 2,072 | $540,640 | — |
| 17568 SW 286 St | single_family | 4 | 3 | 3,108 | $790,640 | — |
| SW 288 St & 177th Ave | single_family | 4 | 3 | 2,648 | $853,990 | — |
| 31415 SW 192 Ave | townhomes | 4 | 3 | 2,345 | $515,690 | — |
| 31413 SW 192 Ave | townhomes | 4 | 3 | 2,356 | $518,850 | — |
10-year hold projection
IRR6.4%
Equity multiple2.02x
Total return (10yr)$177,802
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $473,800 | $23,486 | -$7,157 | $364,010 | $109,790 |
| 2 | $488,014 | $24,281 | -$6,418 | $359,746 | $128,268 |
| 3 | $502,654 | $25,103 | -$5,655 | $355,189 | $147,465 |
| 4 | $517,734 | $25,951 | -$4,866 | $350,320 | $167,414 |
| 5 | $533,266 | $26,828 | -$4,050 | $345,115 | $188,151 |
| 6 | $549,264 | $27,733 | -$3,208 | $339,554 | $209,710 |
| 7 | $565,742 | $28,668 | -$2,337 | $333,611 | $232,131 |
| 8 | $582,714 | $29,633 | -$1,437 | $327,259 | $255,455 |
| 9 | $600,196 | $30,630 | -$507 | $320,471 | $279,724 |
| 10 | $618,202 | $31,660 | $453 | $313,218 | $304,984 |
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.