2835 Fairways Dr
Homestead, FL 33035 · single_family · For Sale · 96 days on market
Asking price$585,000
5 beds 4 baths 2,460 sqft
Listed by Cinthia Rai · Keyes - Homestead
Typesingle_family
Built2001
Price / sqft$238
Est. value (own analysis)$583,315
Rent estimate (own analysis)$4,550/mo
HOA$254/mo
Wind10/10Extreme$Heat10/10ExtremeFlood9/10extreme$Wildfire4/10ModerateAir2/10Minor
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Statusfor_sale
Listed date2026-05-29
Removed date—
MLSMiamiMLS #A12027354
Coordinates25.44342, -80.45008
Address2835 Fairways Dr
CityHomestead
StateFL
Zip33035
Listing ID5262667152
Sourceus-real-estate-listings, cached 2026-08-27
ZIP market snapshot (33035)
Typical home value (ZHVI)$331,237
Typical rent (ZORI)$2,328/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 | $585,000 |
| Down payment (20.0%) | $117,000 |
| Loan amount | $468,000 |
| Closing costs (5.0%) | $29,250 |
| Total cash to close | $146,250 |
| Income | |
| Rent (comp-derived) | $4,550$54,600 |
| Vacancy loss (8.0%) | |
| Effective gross income | $4,186$50,232 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $926$11,115 |
| Insurance (est. scaled by flood & wind risk) | $858$10,296 |
| HOA dues | $254$3,048 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $228$2,730 |
| Total operating expenses | $2,266$27,189 |
| 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) | $228$2,730 |
| 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 | 5 | 4 | 3,105 | $4,600 | 2026-06-25 | — | |
| single_family | 5 | 3 | 2,666 | $4,000 | 2026-07-30 | — | |
| single_family | 5 | 4 | 3,033 | $5,000 | 2026-08-04 | — | |
| single_family | 5 | 4 | 3,150 | $4,700 | 2026-08-17 | — | |
| single_family | 5 | 4 | 3,105 | $4,500 | 2026-07-02 | — | |
| single_family | 5 | 4 | 3,033 | $4,500 | 2026-06-05 | — | |
| single_family | 5 | 3 | 2,905 | $4,400 | 2026-08-14 | — | |
| single_family | 5 | 4 | 3,033 | $5,000 | — | — |
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 |
|---|---|---|---|---|---|---|
| 2987 SE 25th Ave | single_family | 5 | 4 | 3,105 | $770,440 | 2026-08-31 |
| 2727 SE 24th Dr | single_family | 5 | 3 | 2,656 | $650,765 | 2026-08-27 |
| 2835 Fairways Dr | single_family | 5 | 4 | 2,460 | $550,000 | 2026-08-21 |
| 2910 Fairways Dr | single_family | 5 | 3 | 2,973 | $735,000 | 2026-08-07 |
| 2750 SE 25th Ct | single_family | 5 | 3 | 2,656 | $642,591 | 2026-07-29 |
| 1387 SE 26th Ter | single_family | 5 | 3 | 2,905 | $500,000 | 2026-06-01 |
| 1433 SE 27th Ter | single_family | 5 | 3 | 2,905 | $540,000 | 2026-05-12 |
| 2408 SE 27th Ter | single_family | 5 | 3 | 2,666 | $612,800 | 2026-02-25 |
| 2616 SE 25th Ct | single_family | 5 | 3 | 2,666 | $598,800 | 2026-02-06 |
| 2733 SE 24th Ct | single_family | 5 | 3 | 2,666 | $682,800 | 2025-12-31 |
| 5245263957 | single_family | 5 | 3 | 1,695 | $527,500 | 2025-12-22 |
| 2724 SE 24th Ct | single_family | 5 | 3 | 2,666 | $555,900 | 2025-12-05 |
| 2302 SE 30th St | single_family | 5 | 3 | 3,150 | $727,600 | 2025-12-03 |
| 2516 SE 25th Ct | single_family | 5 | 3 | 2,656 | $576,496 | 2025-11-26 |
| 2280 SE 30th St | single_family | 5 | 3 | 3,150 | $725,000 | 2025-11-21 |
| 2468 SE 27th Ter | single_family | 5 | 3 | 2,666 | $647,000 | 2025-11-12 |
| 2483 SE 26th Ter | single_family | 5 | 3 | 2,656 | $632,128 | 2025-10-27 |
| 2209 SE 19th Ave | single_family | 5 | 4 | 3,830 | $705,000 | 2025-10-24 |
| 2232 SE 30th St | single_family | 5 | 3 | 3,150 | $683,500 | 2025-10-09 |
| 2201 SE 30th St | single_family | 5 | 3 | 3,150 | $770,000 | 2025-09-22 |
| 2249 SE 30th St | single_family | 5 | 3 | 3,150 | $767,700 | 2025-09-16 |
| 2548 SE 25th Ct | single_family | 5 | 3 | 2,666 | $629,800 | 2025-09-10 |
| 2233 SE 30th St | single_family | 5 | 3 | 3,150 | $767,000 | 2025-09-10 |
| 2554 SE 25th Ct | single_family | 5 | 3 | 2,666 | $690,300 | 2025-09-08 |
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 |
|---|---|---|---|---|---|---|
| 2455 SE 23rd Rd | single_family | 5 | 3 | 2,656 | $649,990 | — |
| 2455 SE 23rd Rd | townhomes | 5 | 3 | 3,105 | $760,990 | — |
| 2475 SE 29th Dr | single_family | 5 | 4 | — | $790,000 | — |
| 3140 Fairways Dr | single_family | 5 | 3 | 3,061 | $875,000 | — |
| 1611 SE 16th St | single_family | 5 | 4 | 2,786 | $635,000 | — |
| 2220 SE 19th Ave | single_family | 5 | 4 | 3,567 | $715,000 | — |
| 2832 SE 23rd Ave | single_family | 5 | 4 | 3,150 | $819,000 | — |
| 1958 SE 23rd Ct | single_family | 5 | 4 | 3,567 | $800,000 | — |
10-year hold projection
IRR3.1%
Equity multiple1.51x
Total return (10yr)$150,620
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $602,550 | $23,043 | -$15,777 | $462,926 | $139,624 |
| 2 | $620,627 | $23,870 | -$15,018 | $457,503 | $163,123 |
| 3 | $639,245 | $24,726 | -$14,232 | $451,708 | $187,537 |
| 4 | $658,423 | $25,610 | -$13,420 | $445,516 | $212,907 |
| 5 | $678,175 | $26,525 | -$12,578 | $438,897 | $239,278 |
| 6 | $698,521 | $27,471 | -$11,708 | $431,825 | $266,696 |
| 7 | $719,476 | $28,449 | -$10,807 | $424,266 | $295,210 |
| 8 | $741,061 | $29,460 | -$9,875 | $416,189 | $324,871 |
| 9 | $763,292 | $30,505 | -$8,911 | $407,557 | $355,735 |
| 10 | $786,191 | $31,586 | -$7,913 | $398,332 | $387,859 |
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.