823 SE 17th St
Homestead, FL 33034 · townhomes · For Sale · 145 days on market
Asking price$480,000
4 beds 3 baths 1,757 sqft
Suggested offer$417,000$63,000 above the est. market value of $417,000.
View on Realtor.com →Listed by Adalis Carbo · The Firm Properties, LLC.
Typetownhomes
Built2023
Price / sqft$273
Est. value (own analysis)$417,000
Rent estimate (own analysis)$3,000/mo
HOA$110/mo
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Statusfor_sale
Listed date2026-04-10
Removed date—
MLSMiamiMLS #A11998727
Coordinates25.45447, -80.46537
Address823 SE 17th St
CityHomestead
StateFL
Zip33034
Listing ID5902098752
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33034)
Typical home value (ZHVI)$382,671
Typical rent (ZORI)$2,436/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 | $480,000 |
| Down payment (20.0%) | $96,000 |
| Loan amount | $384,000 |
| Closing costs (5.0%) | $24,000 |
| Total cash to close | $120,000 |
| Income | |
| Rent (comp-derived) | $3,000$36,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,760$33,120 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $760$9,120 |
| Insurance (placeholder 0.8% of price) | $320$3,840 |
| HOA dues | $110$1,320 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $150$1,800 |
| Total operating expenses | $1,340$16,080 |
| 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) | $150$1,800 |
| 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 | 4 | 1,790 | $3,000 | 2026-08-27 | — | |
| townhomes | 4 | 3 | 1,700 | $2,850 | 2026-08-21 | — | |
| townhomes | 4 | 3 | 1,804 | $2,650 | 2026-08-24 | — | |
| townhomes | 4 | 4 | 1,742 | $2,700 | 2026-05-18 | — | |
| townhomes | 4 | 3 | 1,615 | $2,500 | 2026-08-15 | — | |
| townhomes | 4 | 4 | 1,790 | $3,000 | 2026-06-17 | — | |
| townhomes | 4 | 4 | 1,790 | $3,100 | 2026-06-24 | — | |
| townhomes | 4 | 3 | 1,600 | $2,850 | 2026-07-11 | — | |
| townhomes | 4 | 3 | 1,633 | $2,800 | 2026-03-06 | — | |
| townhomes | 4 | 3 | 1,757 | $4,000 | 2026-08-18 | — | |
| townhomes | 4 | 3 | 1,338 | $2,700 | 2026-06-18 | — | |
| townhomes | 4 | 4 | 1,790 | $3,000 | 2026-02-05 | — | |
| townhomes | 4 | 3 | 1,810 | $3,000 | 2026-08-13 | — | |
| townhomes | 4 | 3 | 1,633 | $2,960 | 2026-08-03 | — | |
| townhomes | 4 | 3 | 1,580 | $2,700 | 2026-04-21 | — | |
| townhomes | 4 | 3 | 1,679 | $3,300 | 2026-03-12 | — | |
| townhomes | 4 | 4 | 1,850 | $3,225 | 2026-07-15 | — | |
| townhomes | 4 | 3 | 1,807 | $2,900 | 2026-07-24 | — | |
| townhomes | 4 | 3 | 1,826 | $3,200 | 2026-07-10 | — | |
| townhomes | 4 | 3 | 1,826 | $3,200 | 2026-07-07 | — | |
| townhomes | 4 | 3 | 1,757 | $3,200 | 2026-06-12 | — | |
| townhomes | 4 | 3 | 1,826 | $3,600 | 2026-04-30 | — | |
| townhomes | 4 | 3 | 1,760 | $3,420 | 2026-08-11 | — | |
| townhomes | 4 | 3 | 1,760 | $3,500 | 2026-08-07 | — | |
| townhomes | 4 | 3 | 1,760 | $3,250 | 2026-05-14 | — | |
| townhomes | 4 | 3 | 1,393 | $2,995 | 2026-03-16 | — | |
| townhomes | 4 | 3 | 1,393 | $2,995 | 2026-03-16 | — | |
| townhomes | 4 | 3 | 1,393 | $2,995 | 2026-03-16 | — | |
| townhomes | 4 | 3 | 1,580 | $3,225 | 2026-03-20 | — | |
| townhomes | 4 | 3 | 1,580 | $3,600 | 2026-05-11 | — | |
| townhomes | 4 | 3 | 1,666 | $2,800 | 2026-08-08 | — | |
| townhomes | 4 | 3 | 1,715 | $2,700 | 2026-08-14 | — | |
| townhomes | 4 | 3 | 1,615 | $3,100 | 2026-08-29 | — |
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 |
|---|---|---|---|---|---|---|
| 1533 NW 2nd St | townhomes | 4 | 3 | 1,717 | $426,540 | 2026-08-28 |
| 687 SW 10th St | townhomes | 4 | 3 | 1,799 | $290,000 | 2026-08-28 |
| 34521 SW 191st Ct | townhomes | 4 | 2 | 1,666 | $400,000 | 2026-08-13 |
| 35939 SW 178th Ct | townhomes | 4 | 2 | 1,807 | $408,400 | 2026-08-12 |
| 441 NE 12th St | townhomes | 4 | 3 | 1,580 | $428,000 | 2026-08-07 |
| 451 NW 12th Ave | townhomes | 4 | 3 | 1,730 | $390,000 | 2026-07-24 |
| 1754 SE 8th Ter | townhomes | 4 | 3 | 1,757 | $417,000 | 2026-07-24 |
| 636 SW 11th St | townhomes | 4 | 3 | 1,799 | $300,000 | 2026-07-20 |
| 922 NW 10th St | townhomes | 4 | 3 | 1,736 | $449,900 | 2026-06-30 |
| 1412 NE 4th Ave | townhomes | 4 | 3 | 1,582 | $404,000 | 2026-06-30 |
| 34508 SW 191st Ct | townhomes | 4 | 2 | 1,666 | $395,000 | 2026-06-30 |
| 1350 NE 4th Ave | townhomes | 4 | 3 | 1,582 | $404,500 | 2026-06-30 |
| 19061 SW 344th Ter | townhomes | 4 | 3 | 1,666 | $395,000 | 2026-06-29 |
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 |
|---|---|---|---|---|---|---|
| E Palm Dr & US 1 | townhomes | 4 | 3 | 1,557 | $999,999 | — |
| 19658 SW 337th Ter | single_family | 4 | 3 | 1,827 | $556,990 | — |
| SW 336 St & SW 194 Ave | single_family | 4 | 3 | 1,827 | $556,990 | — |
| 34870 SW 191st Court | single_family | 4 | 3 | 2,085 | $575,990 | — |
| 18925 SW 357 St | single_family | 4 | 3 | 1,552 | $365,740 | — |
| 35605 SW 180th Ave | single_family | 4 | 2 | 1,813 | $458,990 | — |
| SW 336 St & SW 194 Ave | single_family | 4 | 2 | 2,183 | $539,990 | — |
| 19424 SW 336th Ter | single_family | 4 | 3 | 1,827 | $556,990 | — |
10-year hold projection
IRR2.2%
Equity multiple1.36x
Total return (10yr)$105,488
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $494,400 | $17,040 | -$14,372 | $379,837 | $114,563 |
| 2 | $509,232 | $17,632 | -$13,826 | $375,387 | $133,845 |
| 3 | $524,509 | $18,243 | -$13,260 | $370,632 | $153,877 |
| 4 | $540,244 | $18,875 | -$12,676 | $365,551 | $174,693 |
| 5 | $556,452 | $19,528 | -$12,072 | $360,121 | $196,331 |
| 6 | $573,145 | $20,202 | -$11,447 | $354,317 | $218,828 |
| 7 | $590,339 | $20,899 | -$10,801 | $348,115 | $242,224 |
| 8 | $608,050 | $21,619 | -$10,133 | $341,488 | $266,562 |
| 9 | $626,291 | $22,364 | -$9,442 | $334,405 | $291,886 |
| 10 | $645,080 | $23,132 | -$8,728 | $326,836 | $318,244 |
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.