2357 SE 23rd Dr Unit 2357
Homestead, FL 33035 · townhomes · For Sale · 8 days on market
Asking price$285,000
4 beds 3 baths 1,846 sqft
Listed by Maria Gonzalez · Novel Management, LLC.
Typetownhomes
Built2004
Price / sqft$154
Est. value (own analysis)$347,602
Rent estimate (own analysis)$2,750/mo
HOA$653/mo
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Statusfor_sale
Listed date2026-08-25
Removed date—
MLSMiamiMLS #A12073719
Coordinates25.45141, -80.44240
Address2357 SE 23rd Dr Unit 2357
CityHomestead
StateFL
Zip33035
Listing ID5545113282
Sourceus-real-estate-listings, cached 2026-08-28
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 | $285,000 |
| Down payment (20.0%) | $57,000 |
| Loan amount | $228,000 |
| Closing costs (5.0%) | $14,250 |
| Total cash to close | $71,250 |
| Income | |
| Rent (comp-derived) | $2,750$33,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,530$30,360 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $451$5,415 |
| Insurance (placeholder 0.8% of price) | $190$2,280 |
| HOA dues | $653$7,836 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $138$1,650 |
| Total operating expenses | $1,432$17,181 |
| 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) | $138$1,650 |
| 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 |
|---|---|---|---|---|---|---|---|
| townhomes | 4 | 3 | 2,058 | $2,450 | 2026-06-17 | — | |
| townhomes | 4 | 3 | 1,846 | $2,400 | 2026-06-28 | — | |
| townhomes | 4 | 3 | 1,820 | $2,800 | 2026-07-10 | — | |
| townhomes | 4 | 3 | 1,374 | $2,750 | 2026-08-03 | — | |
| townhomes | 4 | 3 | 1,374 | $2,800 | 2026-08-17 | — | |
| townhomes | 4 | 3 | 1,423 | $2,300 | 2026-08-11 | — | |
| townhomes | 4 | 3 | 1,820 | $2,800 | 2026-08-07 | — | |
| townhomes | 4 | 3 | 1,828 | $2,950 | 2026-07-18 | — | |
| townhomes | 4 | 3 | 1,374 | $2,600 | 2026-05-21 | — | |
| townhomes | 4 | 3 | 1,302 | $2,300 | 2026-06-23 | — | |
| townhomes | 4 | 3 | 1,374 | $2,700 | 2026-01-29 | — | |
| townhomes | 4 | 3 | 1,302 | $2,580 | 2026-05-04 | — | |
| townhomes | 4 | 3 | 1,916 | $3,200 | 2026-08-11 | — | |
| townhomes | 4 | 3 | 1,374 | $2,750 | 2026-06-17 | — | |
| townhomes | 4 | 3 | 1,302 | $3,495 | 2026-08-04 | — | |
| townhomes | 4 | 3 | 1,374 | $2,700 | 2026-06-09 | — | |
| townhomes | 4 | 3 | 1,846 | $3,500 | 2026-07-14 | — | |
| townhomes | 4 | 3 | 1,820 | $3,100 | 2026-04-07 | — | |
| townhomes | 4 | 3 | 1,374 | $2,750 | 2026-07-08 | — | |
| townhomes | 4 | 3 | 1,732 | $3,700 | 2026-08-11 | — | |
| townhomes | 4 | 4 | 1,838 | $3,950 | 2026-03-02 | — | |
| townhomes | 4 | 3 | 1,543 | $2,650 | 2026-08-31 | — | |
| townhomes | 4 | 3 | 1,453 | $2,800 | 2026-05-18 | — |
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 |
|---|---|---|---|---|---|---|
| 1399 SE 26th Ave | townhomes | 4 | 3 | 1,965 | $372,000 | 2026-07-31 |
| 1036 SE 24th Ave | townhomes | 4 | 3 | 1,374 | $329,900 | 2026-07-23 |
| 1442 SE 26th Ave | townhomes | 4 | 3 | 1,965 | $370,000 | 2026-07-16 |
| 1483 SE 25th Ave | townhomes | 4 | 3 | 1,965 | $370,000 | 2026-06-26 |
| 1464 SE 26th Ave | townhomes | 4 | 3 | 1,965 | $370,000 | 2026-06-18 |
| 1455 SE 26th Ave | townhomes | 4 | 3 | 1,916 | $375,000 | 2026-06-12 |
| 2534 SE 15th Ct | townhomes | 4 | 3 | 1,852 | $339,000 | 2026-06-10 |
| 2537 SE 15th Ct | townhomes | 4 | 3 | 1,965 | $355,000 | 2026-06-08 |
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 | townhomes | 4 | 3 | 2,217 | $684,990 | — |
| 2455 SE 23rd Rd | single_family | 4 | 2 | 1,875 | $559,990 | — |
| 2455 SE 23rd Rd | single_family | 4 | 3 | 1,982 | $660,990 | — |
| 17602 SW 286 St | single_family | 4 | 3 | 2,189 | $712,640 | — |
| 2222 SE 24th Pl Unit 2222 | townhomes | 4 | 3 | 1,846 | $289,900 | — |
| 1567 SE 20th Ave | single_family | 4 | 3 | 1,928 | $469,999 | — |
| 1361 SE 16th Ave | single_family | 4 | 3 | 1,968 | $449,000 | — |
| 1971 SE 21st Ct | single_family | 4 | 3 | 2,578 | $625,000 | — |
10-year hold projection
IRR4.9%
Equity multiple1.79x
Total return (10yr)$93,207
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $293,550 | $13,179 | -$6,053 | $225,528 | $68,022 |
| 2 | $302,357 | $13,660 | -$5,613 | $222,886 | $79,470 |
| 3 | $311,427 | $14,158 | -$5,158 | $220,063 | $91,364 |
| 4 | $320,770 | $14,673 | -$4,686 | $217,046 | $103,724 |
| 5 | $330,393 | $15,206 | -$4,198 | $213,822 | $116,571 |
| 6 | $340,305 | $15,757 | -$3,692 | $210,376 | $129,929 |
| 7 | $350,514 | $16,327 | -$3,169 | $206,694 | $143,820 |
| 8 | $361,029 | $16,916 | -$2,627 | $202,759 | $158,271 |
| 9 | $371,860 | $17,526 | -$2,067 | $198,553 | $173,307 |
| 10 | $383,016 | $18,156 | -$1,487 | $194,059 | $188,957 |
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.