24280 SW 182nd Ave

Homestead, FL 33031 · single_family · For Sale · 44 days on market
Asking price$1,199,000
3 beds 2 baths 2,314 sqft
Suggested offer$906,362$292,638 above the est. market value of $906,362.
View on Realtor.com →
Listed by Jonathan Vega · One Sotheby's International Realty
Typesingle_family
Built1991
Price / sqft$518
Est. value (own analysis)$906,362
Rent estimate (own analysis)$3,800/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood6/10major$Air2/10MinorWildfire1/10Minimal
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Neighborhood

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Statusfor_sale
Listed date2026-07-20
Removed date
MLSMiamiMLS #A12054854
Coordinates25.54048, -80.48687
Address24280 SW 182nd Ave
CityHomestead
StateFL
Zip33031
Listing ID5568764529
Sourceus-real-estate-listings, cached 2026-08-28

ZIP market snapshot (33031)

Typical home value (ZHVI)$909,055
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)

Purchase price$1,199,000
Down payment (20.0%)$239,800
Loan amount$959,200
Closing costs (5.0%)$59,950
Total cash to close$299,750
Rent (comp-derived)$3,800$45,600
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$45,600
Vacancy rate (assumption) assumption8.0%

$45,600 × 8.0% = $3,648

Effective gross income$3,496$41,952
Property tax (placeholder 1.9% of price)$1,898$22,781
Insurance (est. scaled by flood & wind risk)$1,399$16,786
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$190$2,280
Total operating expenses$3,487$41,847
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$41,952
Total operating expenses derived$41,847

$41,952 − $41,847 = $105

Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing)

Monthly Principal & Interest

Standard amortization on the loan amount, at the effective rate and term

Loan amount derived$959,200
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$959,200 amortized at 6.7% over 30 years = $6,164/mo

CapEx reserve (5.0% of GSR)$190$2,280
Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%)$0$0
Cash flow

Monthly Cash Flow

(NOI − Annual Debt Service − Annual CapEx Reserve − Annual PMI) ÷ 12

NOI derived$105
Annual debt service derived$73,969
Annual CapEx reserve assumption$2,280
Annual PMI assumption$0

($105 − $73,969 − $2,280 − $0) ÷ 12 = -$6,345

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$105
Purchase price data$1,199,000

$105 ÷ $1,199,000 = 0.0%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$76,144
Total cash to close derived$299,750

-$76,144 ÷ $299,750 = -25.4%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$105
Annual debt service derived$73,969

$105 ÷ $73,969 = 0.00

Rent-to-price (1% rule)

Rent-to-Price (the "1% rule")

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$45,600
Purchase price data$1,199,000

($45,600 ÷ 12) ÷ $1,199,000 = 0.3%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$1,199,000
Gross scheduled rent (annual) comp$45,600

$1,199,000 ÷ $45,600 = 26.3

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$41,847
Effective gross income derived$41,952

$41,847 ÷ $41,952 = 99.7%

Break-even occupancy

Break-Even Occupancy

(Total OpEx + Annual Debt Service + Annual PMI) ÷ Gross Scheduled Rent

Total operating expenses derived$41,847
Annual debt service derived$73,969
Annual PMI assumption$0
Gross scheduled rent (annual) comp$45,600

($41,847 + $73,969 + $0) ÷ $45,600 = 254.0%

Comparables

Same ZIP. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family322,757$3,8002026-08-07
single_family322,082$3,8002026-06-22
single_family31$2,3002026-08-03

19255 SW 260th St

Homestead, 33031 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage2,757
Listed2026-08-07
Days on market

Asking rent: $3,800

View on Zillow →

27280 SW 166th Ave

Homestead, 33031 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage2,082
Listed2026-06-22
Days on market

Asking rent: $3,800

View on Zillow →

16305 SW 276 St

Homestead, 33031 · rent comp

Bedrooms / bathrooms3 bd / 1 ba
Square footage
Listed2026-08-03
Days on market

Asking rent: $2,300

View on Zillow →

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
19724 SW 243rd Tersingle_family321,872$865,0002026-08-28
19401 SW 264th Stsingle_family323,244$1,400,0002026-08-17
16325 SW 276th Tersingle_family331,328$625,0002026-07-23
27420 SW 165th Avesingle_family321,723$675,0002026-07-17
27600 SW 164th Ctsingle_family322,225$670,0002026-07-06
17320 SW 236th Stsingle_family322,126$1,380,0002026-06-22
15980 SW 280th Stsingle_family321,708$669,0002026-06-22
16281 SW 274th Stsingle_family321,656$618,9902026-05-29
23215 SW 187th Avesingle_family322,848$1,350,0002026-05-12
15920 SW 280th Stsingle_family321,630$595,0002026-04-30
21750 SW 252nd Stsingle_family332,230$850,0002026-04-29
16900 SW 276th Stsingle_family322,291$716,5002026-04-23
19790 SW 242nd Stsingle_family322,384$766,0002026-04-15
17870 SW 272nd Stsingle_family321,993$825,0002026-04-02
15850 SW 250th Stsingle_family322,371$865,0002026-03-26
21411 SW 248th Stsingle_family341,568$1,300,0002026-03-16
23341 SW 197th Avesingle_family322,847$915,0002026-03-16
27335 SW 165th Avesingle_family322,564$700,0002026-01-22
27221 SW 167th Ctsingle_family332,036$595,0002026-01-06
15799 SW 278th Stsingle_family322,033$3,600,0002025-12-31
27800 SW 157th Avesingle_family321,553$7,500,0002025-12-31
15821 SW 280th Stsingle_family321,611$1,800,0002025-12-31
27855 SW 159th Avesingle_family321,894$2,800,0002025-12-31
27700 SW 164th Ctsingle_family321,715$640,0002025-12-29
27845 SW 164th Ctsingle_family332,416$751,0002025-12-23
23451 SW 162nd Avesingle_family333,370$1,190,0002025-12-12
20880 SW 234th Stsingle_family332,134$1,195,0002025-11-17
15820 SW 250th Stsingle_family332,034$840,0002025-11-06
20040 SW 248th Stsingle_family311,555$1,280,0002025-10-31
27240 SW 166th Avesingle_family321,795$618,9002025-10-31
16635 SW 236th Stsingle_family322,019$775,0002025-10-17

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.

AddressTypeBedsBathsSqftAsking priceDays on market
27440 SW 159th Avesingle_family332,086$735,990
15615 SW 280 St Unit 4condos331,746$405,415
20890 SW 236th Stsingle_family321,545$970,000
22275 SW 256th Stsingle_family354,466$1,750,000
23550 SW 187th Avesingle_family332,405$1,995,000
18575 SW 280th Stsingle_family332,956$18,500,000
23800 SW 207th Avesingle_family332,759$1,245,000
27501 SW 162nd Ctsingle_family321,912$820,000

10-year hold projection

IRR-7.0%
Equity multiple-0.18x
Total return (10yr)-$197,982
YearProperty valueNOICash flowLoan balanceEquity
1$1,234,970$105-$76,144$948,800$286,170
2$1,272,019$317-$75,989$937,686$334,333
3$1,310,180$541-$75,823$925,809$384,371
4$1,349,485$777-$75,647$913,116$436,369
5$1,389,970$1,026-$75,460$899,551$490,418
6$1,431,669$1,288-$75,261$885,055$546,613
7$1,474,619$1,563-$75,050$869,564$605,055
8$1,518,857$1,853-$74,826$853,009$665,849
9$1,564,423$2,157-$74,590$835,316$729,107
10$1,611,356$2,477-$74,340$816,409$794,946
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.
All figures are estimates for evaluation purposes only, not investment, tax, legal, or insurance advice. Property tax is estimated from a real matched tax bill or millage rate when available, a placeholder % of price otherwise; insurance is scaled by flood and wind risk where those are known and a flat percentage otherwise — never a real quote. Verify all of them, along with association restrictions and permit status, before committing capital. Rent estimates come from real comps or Zillow’s ZIP index, not appraisals.