2215 SE 7th Pl
Homestead, FL 33033 · single_family · For Sale · 8 days on market
Asking price$340,000
2 beds 2 baths 1,171 sqft
Listed by Nadine Aleman · Through The Years Realty, Inc.
Typesingle_family
Built1989
Price / sqft$290
Est. value (own analysis)$346,450
Rent estimate (own analysis)$2,400/mo
HOA$450/mo
Wind10/10Extreme$Heat10/10ExtremeFlood9/10extreme$Wildfire3/10ModerateAir2/10Minor
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Statusfor_sale
Listed date2026-08-25
Removed date—
MLSMiamiMLS #A12076104
Coordinates25.46340, -80.44534
Address2215 SE 7th Pl
CityHomestead
StateFL
Zip33033
Listing ID5599800273
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 | $340,000 |
| Down payment (20.0%) | $68,000 |
| Loan amount | $272,000 |
| Closing costs (5.0%) | $17,000 |
| Total cash to close | $85,000 |
| Income | |
| Rent (comp-derived) | $2,400$28,800 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,208$26,496 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $538$6,460 |
| Insurance (est. scaled by flood & wind risk) | $499$5,984 |
| HOA dues | $450$5,400 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $120$1,440 |
| Total operating expenses | $1,607$19,284 |
| 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) | $120$1,440 |
| 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 | 2 | 2 | 926 | $2,000 | 2026-08-03 | — | |
| single_family | 2 | 2 | 1,600 | $2,500 | 2026-08-07 | — | |
| single_family | 2 | 1 | — | $2,300 | — | — | |
| single_family | 2 | 2 | 1,171 | $2,650 | 2026-09-02 | — |
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 |
|---|---|---|---|---|---|---|
| 690 SE 22nd Ln | single_family | 2 | 2 | 1,183 | $350,000 | 2026-08-06 |
| 707 SE 22nd Dr | single_family | 2 | 2 | 1,171 | $280,000 | 2026-07-24 |
| 1570 NE 15th St | single_family | 2 | 1 | 1,072 | $406,000 | 2026-07-10 |
| 15300 Leisure Dr | single_family | 2 | 1 | 1,029 | $485,000 | 2026-07-08 |
| 14463 SW 285th Ter | single_family | 2 | 1 | 1,678 | $490,000 | 2026-06-26 |
| 14810 Lincoln Dr | single_family | 2 | 1 | 1,353 | $335,000 | 2026-06-26 |
| 15445 Garfield Dr | single_family | 2 | 2 | 811 | $390,000 | 2026-05-26 |
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.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 472 SE 22nd Dr | single_family | 2 | 2 | 1,057 | $240,000 | — |
| 13264 Old Biscayne Dr Apt 405 | townhomes | 2 | 2 | 898 | $214,500 | — |
| 2929 SE 2nd St Unit 7 | townhomes | 2 | 3 | 1,290 | $240,000 | — |
| 15410 SW 284th St Unit 8301 | condos | 2 | 2 | 900 | $176,000 | — |
| 28501 SW 152nd Ave | mobile | 2 | 2 | 3,832 | $39,900 | — |
| 61 NE 13th Ave | single_family | 2 | 2 | 919 | $220,000 | — |
| 230 SE 29th Ave Unit 12 | townhomes | 2 | 3 | 1,290 | $215,000 | — |
| 15422 SW 284th St Unit 7306 | condos | 2 | 2 | 895 | $180,000 | — |
10-year hold projection
IRR-1.8%
Equity multiple0.70x
Total return (10yr)$19,237
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $350,200 | $7,212 | -$15,203 | $269,051 | $81,149 |
| 2 | $360,706 | $7,525 | -$14,927 | $265,899 | $94,807 |
| 3 | $371,527 | $7,849 | -$14,639 | $262,531 | $108,996 |
| 4 | $382,673 | $8,186 | -$14,340 | $258,932 | $123,741 |
| 5 | $394,153 | $8,536 | -$14,029 | $255,085 | $139,068 |
| 6 | $405,978 | $8,898 | -$13,707 | $250,974 | $155,003 |
| 7 | $418,157 | $9,274 | -$13,371 | $246,581 | $171,576 |
| 8 | $430,702 | $9,664 | -$13,023 | $241,887 | $188,815 |
| 9 | $443,623 | $10,069 | -$12,661 | $236,870 | $206,753 |
| 10 | $456,932 | $10,488 | -$12,286 | $231,508 | $225,423 |
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.