28501 SW 152nd Ave

Homestead, FL 33033 · mobile · For Sale · 10 days on market
Asking price$39,900
2 beds 2 baths 3,832 sqft
View on Realtor.com →
Listed by LILIANA FALCON · Avanti Way
Typemobile
Built1966
Price / sqft$10
Est. value (Zillow ZIP avg)$436,367
Rent estimate (Zillow ZIP avg)$2,539/mo
HOA$875/mo
Street view
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Neighborhood

⚠ Cap rate of 37.4% is above the 20% sanity ceiling — verify the underlying price, rent, and expense data before trusting this. Cash-on-cash return of 109.8% is above the 50% sanity ceiling for a standard buy-and-hold — verify inputs before trusting this.
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Statusfor_sale
Listed date2026-08-24
Removed date
MLSMiamiMLS #A12075995
Coordinates25.50129, -80.43489
Address28501 SW 152nd Ave
CityHomestead
StateFL
Zip33033
Listing ID5915060881
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)

Purchase price$39,900
Down payment (20.0%)$7,980
Loan amount$31,920
Closing costs (5.0%)$1,995
Total cash to close$9,975
Rent (ZIP avg, ZORI — not bedroom-specific)$2,539$30,473
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$30,473
Vacancy rate (assumption) assumption8.0%

$30,473 × 8.0% = $2,438

Effective gross income$2,336$28,035
Property tax (placeholder 1.9% of price)$63$758
Insurance (placeholder 0.8% of price)$27$319
HOA dues$875$10,500
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$127$1,524
Total operating expenses$1,092$13,101
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$28,035
Total operating expenses derived$13,101

$28,035 − $13,101 = $14,934

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$31,920
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$31,920 amortized at 6.7% over 30 years = $205/mo

CapEx reserve (5.0% of GSR)$127$1,524
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$14,934
Annual debt service derived$2,462
Annual CapEx reserve assumption$1,524
Annual PMI assumption$0

($14,934 − $2,462 − $1,524 − $0) ÷ 12 = $912

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$14,934
Purchase price data$39,900

$14,934 ÷ $39,900 = 37.4%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived$10,949
Total cash to close derived$9,975

$10,949 ÷ $9,975 = 109.8%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$14,934
Annual debt service derived$2,462

$14,934 ÷ $2,462 = 6.07

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$30,473
Purchase price data$39,900

($30,473 ÷ 12) ÷ $39,900 = 6.4%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$39,900
Gross scheduled rent (annual) comp$30,473

$39,900 ÷ $30,473 = 1.3

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$13,101
Effective gross income derived$28,035

$13,101 ÷ $28,035 = 46.7%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$13,101
Annual debt service derived$2,462
Annual PMI assumption$0
Gross scheduled rent (annual) comp$30,473

($13,101 + $2,462 + $0) ÷ $30,473 = 51.1%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
mobile22850$1,8502026-05-10
mobile221,170$1,6752026-07-01

35303 SW 180th Ave Lot 347

Homestead, 33034 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage850
Listed2026-05-10
Days on market

Asking rent: $1,850

View on Zillow →

35250 SW 177th Ct Unit 5

Homestead, 33034 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,170
Listed2026-07-01
Days on market

Asking rent: $1,675

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.

No recent recorded sales cached yet for this ZIP.

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
472 SE 22nd Drsingle_family221,057$240,000
2215 SE 7th Plsingle_family221,171$340,000
13264 Old Biscayne Dr Apt 405townhomes22898$214,500
2929 SE 2nd St Unit 7townhomes231,290$240,000
15410 SW 284th St Unit 8301condos22900$176,000
61 NE 13th Avesingle_family22919$220,000
230 SE 29th Ave Unit 12townhomes231,290$215,000
15422 SW 284th St Unit 7306condos22895$180,000

10-year hold projection

IRR114.1%
Equity multiple15.66x
Total return (10yr)$151,405
YearProperty valueNOICash flowLoan balanceEquity
1$41,097$14,934$10,949$31,574$9,523
2$42,330$15,448$11,424$31,204$11,126
3$43,600$15,978$11,916$30,809$12,791
4$44,908$16,526$12,424$30,386$14,522
5$46,255$17,093$12,949$29,935$16,320
6$47,643$17,678$13,492$29,452$18,190
7$49,072$18,282$14,054$28,937$20,135
8$50,544$18,907$14,634$28,386$22,158
9$52,060$19,552$15,234$27,797$24,264
10$53,622$20,218$15,854$27,168$26,455
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.