1101 SW 2nd St
Homestead, FL 33030 · multi_family · For Sale · 177 days on market
Asking price$400,000
4 beds 2 baths 1,150 sqft
Suggested offer$383,333$16,667 above the est. market value of $383,333.
View on Realtor.com →Listed by Jose Duran Menendez · A & G TEAM REALTY, LLC
Typemulti_family
Built1966
Price / sqft$348
Est. value (own analysis)$383,333
Rent estimate (building total, own analysis)$2,097/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood7/10severe$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-03-09
Removed date—
MLSMiamiMLS #A11978830
Coordinates25.46771, -80.49076
Address1101 SW 2nd St
CityHomestead
StateFL
Zip33030
Listing ID5521491105
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 | $400,000 |
| Down payment (20.0%) | $80,000 |
| Loan amount | $320,000 |
| Closing costs (5.0%) | $20,000 |
| Total cash to close | $100,000 |
| Income | |
| Rent (estimate) | $2,097$25,161 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,929$23,148 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $633$7,600 |
| Insurance (est. scaled by flood & wind risk) | $520$6,240 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $105$1,258 |
| Total operating expenses | $1,258$15,098 |
| 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) | $105$1,258 |
| 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
IRR-1.9%
Equity multiple0.68x
Total return (10yr)$20,555
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $412,000 | $8,050 | -$17,885 | $316,530 | $95,470 |
| 2 | $424,360 | $8,367 | -$17,600 | $312,823 | $111,537 |
| 3 | $437,091 | $8,695 | -$17,304 | $308,860 | $128,231 |
| 4 | $450,204 | $9,035 | -$16,996 | $304,626 | $145,578 |
| 5 | $463,710 | $9,388 | -$16,678 | $300,100 | $163,609 |
| 6 | $477,621 | $9,753 | -$16,348 | $295,264 | $182,357 |
| 7 | $491,950 | $10,131 | -$16,005 | $290,096 | $201,854 |
| 8 | $506,708 | $10,522 | -$15,650 | $284,573 | $222,135 |
| 9 | $521,909 | $10,927 | -$15,282 | $278,671 | $243,239 |
| 10 | $537,567 | $11,347 | -$14,901 | $272,363 | $265,204 |
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.