25025 SW 202nd Ave

Homestead, FL 33031 · single_family · Pending — under contract · 185 days on market
Asking price$2,475,000
6 beds 4 baths 5,052 sqft
Suggested offer$1,856,428$618,573 above the est. market value of $1,856,428.
View on Realtor.com →
Listed by Samantha Guszczo · Luxe Properties
Typesingle_family
Built1977
Price / sqft$490
Est. value (own analysis)$1,856,428
Rent estimate (own analysis)$3,600/mo
HOANone
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-03-02
Removed date
MLSMiamiMLS #A11973785
Coordinates25.53320, -80.51751
Address25025 SW 202nd Ave
CityHomestead
StateFL
Zip33031
Listing ID5574205357
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$2,475,000
Down payment (20.0%)$495,000
Loan amount$1,980,000
Closing costs (5.0%)$123,750
Total cash to close$618,750
Rent (comp-derived)$3,600$43,200
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$43,200
Vacancy rate (assumption) assumption8.0%

$43,200 × 8.0% = $3,456

Effective gross income$3,312$39,744
Property tax (placeholder 1.9% of price)$3,919$47,025
Insurance (placeholder 0.8% of price)$1,650$19,800
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$180$2,160
Total operating expenses$5,749$68,985
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$39,744
Total operating expenses derived$68,985

$39,744 − $68,985 = -$29,241

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$1,980,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$1,980,000 amortized at 6.7% over 30 years = $12,724/mo

CapEx reserve (5.0% of GSR)$180$2,160
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-$29,241
Annual debt service derived$152,688
Annual CapEx reserve assumption$2,160
Annual PMI assumption$0

(-$29,241 − $152,688 − $2,160 − $0) ÷ 12 = -$15,341

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived-$29,241
Purchase price data$2,475,000

-$29,241 ÷ $2,475,000 = -1.2%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$184,089
Total cash to close derived$618,750

-$184,089 ÷ $618,750 = -29.8%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived-$29,241
Annual debt service derived$152,688

-$29,241 ÷ $152,688 = -0.19

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$43,200
Purchase price data$2,475,000

($43,200 ÷ 12) ÷ $2,475,000 = 0.1%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$2,475,000
Gross scheduled rent (annual) comp$43,200

$2,475,000 ÷ $43,200 = 57.3

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$68,985
Effective gross income derived$39,744

$68,985 ÷ $39,744 = 173.6%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$68,985
Annual debt service derived$152,688
Annual PMI assumption$0
Gross scheduled rent (annual) comp$43,200

($68,985 + $152,688 + $0) ÷ $43,200 = 513.1%

Comparables

Widened to city-wide. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family633,183$3,6002026-06-05

3581 NE 11th Dr Unit 0

Homestead, 33033 · rent comp

Bedrooms / bathrooms6 bd / 3 ba
Square footage3,183
Listed2026-06-05
Days on market

Asking rent: $3,600

View on Zillow →

Widened to any bedroom count in ZIP. 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
17200 SW 264th Stsingle_family432,862$1,230,0002026-08-31
19724 SW 243rd Tersingle_family321,872$865,0002026-08-28
25900 SW 177th Avesingle_family411,550$867,0002026-08-27
27305 SW 162nd Ctsingle_family421,765$589,0002026-08-24
17540 SW 254th Stsingle_family54$760,0002026-08-20
24480 SW 209th Plsingle_family543,424$1,597,0002026-08-20
19401 SW 264th Stsingle_family323,244$1,400,0002026-08-17
27800 SW 182nd Avesingle_family554,066$1,725,0002026-08-12
18200 SW 262nd Stsingle_family211,612$700,0002026-08-03
17355 SW 256th Stsingle_family845,704$1,500,0002026-08-03
23525 SW 217th Avesingle_family433,377$1,370,0002026-07-24
27701 SW 162nd Ctsingle_family532,282$565,0002026-07-23
16325 SW 276th Tersingle_family331,328$625,0002026-07-23
27420 SW 165th Avesingle_family321,723$675,0002026-07-17
19820 SW 244th Stsingle_family422,385$1,650,0002026-07-10
27600 SW 164th Ctsingle_family322,225$670,0002026-07-06
20825 SW 242nd Stsingle_family764,998$1,370,0002026-06-30
18760 SW 238th Stsingle_family542,972$1,020,0002026-06-29
17320 SW 236th Stsingle_family322,126$1,380,0002026-06-22
16380 SW 278th Stsingle_family431,815$655,0002026-06-22
16340 SW 276th Tersingle_family432,170$680,0002026-06-22
15980 SW 280th Stsingle_family321,708$669,0002026-06-22
23621 SW 167th Avesingle_family534,189$1,000,0002026-06-10
23840 SW 209th Plsingle_family543,374$1,495,0002026-06-09
27260 SW 167th Ctsingle_family432,347$860,0002026-06-05
26500 SW 187th Avesingle_family211,652$620,0002026-06-03
16281 SW 274th Stsingle_family321,656$618,9902026-05-29
27825 SW 168th Ctsingle_family433,074$1,100,0002026-05-29
23440 SW 159th Avesingle_family22889$950,0002026-05-29
17150 SW 274th Stsingle_family443,408$1,175,0002026-05-29
19800 SW 280th Stsingle_family42$1,100,0002026-05-26
27376 SW 159th Plsingle_family432,654$751,8002026-05-19
23215 SW 187th Avesingle_family322,848$1,350,0002026-05-12
23550 SW 214th Plsingle_family21928$790,0002026-05-11
20805 SW 242nd Stsingle_family433,275$1,180,0002026-05-01
15920 SW 280th Stsingle_family321,630$595,0002026-04-30
21750 SW 252nd Stsingle_family332,230$850,0002026-04-29
27232 SW 159th Pathsingle_family432,654$750,0002026-04-28
27000 SW 187th Avesingle_family423,320$950,0002026-04-27
16900 SW 276th Stsingle_family322,291$716,5002026-04-23
16930 SW 266th Tersingle_family454,014$1,475,0002026-04-22
19285 SW 272nd Stsingle_family43$1,475,0002026-04-17
19790 SW 242nd Stsingle_family322,384$766,0002026-04-15
27661 SW 162nd Ctsingle_family421,431$610,0002026-04-14
27520 SW 164th Ctsingle_family442,887$725,0002026-04-13
17870 SW 272nd Stsingle_family321,993$825,0002026-04-02
22220 SW 248th Stsingle_family442,344$1,600,0002026-04-02
27309 SW 159th Plsingle_family432,654$726,8002026-04-01
27800 SW 159th Avesingle_family432,272$680,0002026-03-31
15850 SW 250th Stsingle_family322,371$865,0002026-03-26

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
17201 SW 248th Stsingle_family6711,907$6,999,000
20835 SW 236th Stsingle_family643,682$1,400,000
16970 SW 264th Stsingle_family664,768$2,999,000
27925 SW 163rd Avesingle_family631,845$750,000

10-year hold projection

IRR-9.9%
Equity multiple-0.69x
Total return (10yr)-$722,382
YearProperty valueNOICash flowLoan balanceEquity
1$2,549,250-$29,241-$184,089$1,958,532$590,718
2$2,625,728-$29,773-$184,675$1,935,591$690,137
3$2,704,499-$30,313-$185,270$1,911,073$793,426
4$2,785,634-$30,860-$185,874$1,884,873$900,762
5$2,869,203-$31,414-$186,487$1,856,873$1,012,331
6$2,955,279-$31,976-$187,108$1,826,950$1,128,330
7$3,043,938-$32,545-$187,738$1,794,972$1,248,966
8$3,135,256-$33,121-$188,377$1,760,798$1,374,457
9$3,229,314-$33,705-$189,025$1,724,278$1,505,036
10$3,326,193-$34,296-$189,682$1,685,250$1,640,943
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.