2190 SE 2nd St
Homestead, FL 33033 · single_family · For Sale · 34 days on market
Asking price$600,000
6 beds 4 baths 3,040 sqft
Listed by Aleida Llinas · Ocean View Realty LLC
Typesingle_family
Built2017
Price / sqft$197
Est. value (own analysis)$632,940
Rent estimate (Zillow ZIP avg)$2,539/mo
HOA$125/mo
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Statusfor_sale
Listed date2026-07-30
Removed date—
MLSMiamiMLS #A12061790
Coordinates25.46750, -80.44670
Address2190 SE 2nd St
CityHomestead
StateFL
Zip33033
Listing ID5341511950
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 | $600,000 |
| Down payment (20.0%) | $120,000 |
| Loan amount | $480,000 |
| Closing costs (5.0%) | $30,000 |
| Total cash to close | $150,000 |
| Income | |
| Rent (ZIP avg, ZORI — not bedroom-specific) | $2,539$30,473 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,336$28,035 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $950$11,400 |
| Insurance (placeholder 0.8% of price) | $400$4,800 |
| HOA dues | $125$1,500 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $127$1,524 |
| Total operating expenses | $1,602$19,224 |
| 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) | $127$1,524 |
| 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 | 6 | 3 | 3,183 | $3,600 | 2026-06-05 | — |
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 |
|---|---|---|---|---|---|---|
| 4182 NE 20th St | single_family | 6 | 4 | 2,980 | $600,000 | 2026-07-30 |
| 14964 SW 305th Ter | single_family | 6 | 3 | 2,640 | $620,000 | 2026-06-23 |
| 3912 NE 20th St | single_family | 6 | 3 | 3,218 | $670,000 | 2026-05-29 |
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 |
|---|---|---|---|---|---|---|
| 4190 NE 20th St | single_family | 6 | 4 | 2,980 | $600,000 | — |
| 3964 NE 15th St | single_family | 6 | 3 | 3,222 | $724,900 | — |
| 14923 SW 302nd Ter | multi_family | 6 | 4 | 2,230 | $699,999 | — |
| 12921 SW 281st St | single_family | 6 | 4 | 3,040 | $730,000 | — |
10-year hold projection
IRR-3.3%
Equity multiple0.45x
Total return (10yr)-$3,398
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $618,000 | $8,811 | -$29,728 | $474,796 | $143,204 |
| 2 | $636,540 | $9,172 | -$29,405 | $469,234 | $167,306 |
| 3 | $655,636 | $9,546 | -$29,071 | $463,290 | $192,346 |
| 4 | $675,305 | $9,933 | -$28,723 | $456,939 | $218,367 |
| 5 | $695,564 | $10,334 | -$28,363 | $450,151 | $245,414 |
| 6 | $716,431 | $10,751 | -$27,989 | $442,897 | $273,535 |
| 7 | $737,924 | $11,182 | -$27,600 | $435,145 | $302,780 |
| 8 | $760,062 | $11,629 | -$27,198 | $426,860 | $333,202 |
| 9 | $782,864 | $12,092 | -$26,780 | $418,007 | $364,857 |
| 10 | $806,350 | $12,572 | -$26,346 | $408,545 | $397,805 |
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.