715 SE 22nd Ln
Homestead, FL 33033 · single_family · For Sale · 30 days on market
Asking price$399,000
2 beds 2 baths 1,183 sqft
Suggested offer$350,000$49,000 above the est. market value of $350,000.
View on Realtor.com →Listed by Lesli Burkhead (CRS) · Keyes - Homestead
Typesingle_family
Built1989
Price / sqft$337
Est. value (own analysis)$350,000
Rent estimate (own analysis)$2,400/mo
HOA$441/mo
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Statusfor_sale
Listed date2026-08-03
Removed date—
MLSMiamiMLS #A12055355
Coordinates25.46358, -80.44543
Address715 SE 22nd Ln
CityHomestead
StateFL
Zip33033
Listing ID5179228707
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 | $399,000 |
| Down payment (20.0%) | $79,800 |
| Loan amount | $319,200 |
| Closing costs (5.0%) | $19,950 |
| Total cash to close | $99,750 |
| 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) | $632$7,581 |
| Insurance (placeholder 0.8% of price) | $266$3,192 |
| HOA dues | $441$5,292 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $120$1,440 |
| Total operating expenses | $1,459$17,505 |
| 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 | 2 | 926 | $2,000 | 2026-08-03 | — | |
| single_family | 2 | 2 | 1,600 | $2,500 | 2026-08-07 | — | |
| single_family | 2 | 1 | — | $2,300 | — | — | |
| single_family | 2 | 2 | 1,171 | $2,650 | 2026-09-02 | — |
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 |
|---|---|---|---|---|---|---|
| 690 SE 22nd Ln | single_family | 2 | 2 | 1,183 | $350,000 | 2026-08-06 |
| 707 SE 22nd Dr | single_family | 2 | 2 | 1,171 | $280,000 | 2026-07-24 |
| 1570 NE 15th St | single_family | 2 | 1 | 1,072 | $406,000 | 2026-07-10 |
| 15300 Leisure Dr | single_family | 2 | 1 | 1,029 | $485,000 | 2026-07-08 |
| 14463 SW 285th Ter | single_family | 2 | 1 | 1,678 | $490,000 | 2026-06-26 |
| 14810 Lincoln Dr | single_family | 2 | 1 | 1,353 | $335,000 | 2026-06-26 |
| 15445 Garfield Dr | single_family | 2 | 2 | 811 | $390,000 | 2026-05-26 |
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 |
|---|---|---|---|---|---|---|
| 472 SE 22nd Dr | single_family | 2 | 2 | 1,057 | $240,000 | — |
| 2215 SE 7th Pl | single_family | 2 | 2 | 1,171 | $340,000 | — |
| 13264 Old Biscayne Dr Apt 405 | townhomes | 2 | 2 | 898 | $214,500 | — |
| 2929 SE 2nd St Unit 7 | townhomes | 2 | 3 | 1,290 | $240,000 | — |
| 15410 SW 284th St Unit 8301 | condos | 2 | 2 | 900 | $176,000 | — |
| 28501 SW 152nd Ave | mobile | 2 | 2 | 3,832 | $39,900 | — |
| 61 NE 13th Ave | single_family | 2 | 2 | 919 | $220,000 | — |
| 230 SE 29th Ave Unit 12 | townhomes | 2 | 3 | 1,290 | $215,000 | — |
10-year hold projection
IRR-1.3%
Equity multiple0.78x
Total return (10yr)$30,087
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $410,970 | $8,991 | -$17,064 | $315,739 | $95,231 |
| 2 | $423,299 | $9,348 | -$16,743 | $312,041 | $111,259 |
| 3 | $435,998 | $9,718 | -$16,410 | $308,088 | $127,910 |
| 4 | $449,078 | $10,102 | -$16,064 | $303,864 | $145,214 |
| 5 | $462,550 | $10,499 | -$15,705 | $299,350 | $163,200 |
| 6 | $476,427 | $10,911 | -$15,334 | $294,526 | $181,901 |
| 7 | $490,720 | $11,337 | -$14,948 | $289,371 | $201,349 |
| 8 | $505,441 | $11,779 | -$14,548 | $283,861 | $221,580 |
| 9 | $520,605 | $12,236 | -$14,134 | $277,974 | $242,631 |
| 10 | $536,223 | $12,710 | -$13,704 | $271,682 | $264,541 |
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.