12801 SW 248th Ter
Homestead, FL 33032 · single_family · For Sale · 118 days on market
Asking price$551,900
4 beds 2 baths 1,818 sqft
Suggested offer$493,605$58,295 above the est. market value of $493,605.
View on Realtor.com →Listed by Angelica M. Baez Baez · Angelica M Baez Real Estate Brokerage LLC
Typesingle_family
Built1991
Price / sqft$304
Est. value (own analysis)$493,605
Rent estimate (own analysis)$3,500/mo
HOA$65/mo
Wind10/10Extreme$Heat10/10ExtremeFlood8/10severe$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-05-07
Removed date—
MLSMiamiMLS #A12014348
Coordinates25.53636, -80.39827
Address12801 SW 248th Ter
CityHomestead
StateFL
Zip33032
Listing ID5919996038
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33032)
Typical home value (ZHVI)$453,873
Typical rent (ZORI)$2,663/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 | $551,900 |
| Down payment (20.0%) | $110,380 |
| Loan amount | $441,520 |
| Closing costs (5.0%) | $27,595 |
| Total cash to close | $137,975 |
| Income | |
| Rent (comp-derived) | $3,500$42,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,220$38,640 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $874$10,486 |
| Insurance (est. scaled by flood & wind risk) | $717$8,610 |
| HOA dues | $65$780 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $175$2,100 |
| Total operating expenses | $1,831$21,976 |
| 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) | $175$2,100 |
| 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 | 4 | 2 | 1,567 | $3,950 | 2026-08-21 | — | |
| single_family | 4 | 3 | 1,850 | $3,000 | 2022-09-30 | — | |
| single_family | 4 | 2 | 1,742 | $3,375 | 2026-08-07 | — | |
| single_family | 4 | 3 | 2,040 | $3,400 | 2026-08-27 | — | |
| single_family | 4 | 4 | 1,660 | $2,850 | 2026-08-22 | — | |
| single_family | 4 | 3 | 2,450 | $3,000 | 2026-04-29 | — | |
| single_family | 4 | 2 | 1,614 | $3,350 | 2026-08-27 | — | |
| single_family | 4 | 3 | 2,211 | $3,100 | 2025-12-18 | — | |
| single_family | 4 | 3 | 1,820 | $4,350 | 2026-07-04 | — | |
| single_family | 4 | 3 | 1,827 | $3,500 | 2026-07-07 | — | |
| single_family | 4 | 3 | 2,205 | $4,325 | 2026-06-29 | — | |
| single_family | 4 | 3 | 2,327 | $3,900 | 2026-06-12 | — | |
| single_family | 4 | 3 | 1,674 | $2,900 | 2026-06-17 | — | |
| single_family | 4 | 2 | 1,725 | $3,900 | 2026-07-10 | — | |
| single_family | 4 | 3 | 1,895 | $3,800 | 2026-07-08 | — | |
| single_family | 4 | 4 | 2,204 | $3,850 | 2026-08-24 | — | |
| single_family | 4 | 3 | 1,765 | $3,500 | 2026-07-25 | — | |
| single_family | 4 | 3 | 2,418 | $4,200 | 2026-08-24 | — | |
| single_family | 4 | 3 | 2,437 | $3,500 | 2025-08-03 | — | |
| single_family | 4 | 2 | 1,497 | $3,600 | 2026-07-29 | — | |
| single_family | 4 | 3 | 1,790 | $3,900 | 2026-07-24 | — | |
| single_family | 4 | 3 | 2,205 | $4,200 | 2026-05-15 | — | |
| single_family | 4 | 3 | 1,459 | $4,500 | 2026-07-13 | — | |
| single_family | 4 | 2 | 2,176 | $3,800 | 2026-08-14 | — | |
| single_family | 4 | 2 | 1,886 | $4,200 | 2026-07-27 | — | |
| single_family | 4 | 4 | 1,398 | $3,550 | — | — | |
| single_family | 4 | 3 | 2,245 | $2,800 | — | — | |
| single_family | 4 | 4 | 1,434 | $2,700 | — | — | |
| single_family | 4 | 3 | 1,820 | $2,900 | — | — | |
| single_family | 4 | 4 | 1,434 | $2,795 | — | — | |
| single_family | 4 | 3 | 1,644 | $4,300 | — | — | |
| single_family | 4 | 2 | 1,692 | $3,500 | — | — | |
| single_family | 4 | 3 | 1,728 | $2,950 | — | — | |
| single_family | 4 | 3 | 1,872 | $3,200 | — | — | |
| single_family | 4 | 3 | 2,110 | $4,100 | 2026-09-01 | — |
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 |
|---|---|---|---|---|---|---|
| 23646 SW 107th Pl | single_family | 4 | 3 | 2,552 | $600,000 | 2026-08-24 |
| 11561 SW 232nd Ln | single_family | 4 | 3 | 2,573 | $660,000 | 2026-08-21 |
| 12280 SW 251st Ter | single_family | 4 | 3 | 1,914 | $540,000 | 2026-08-21 |
| 26951 SW 119th Ct | single_family | 4 | 3 | 1,800 | $490,000 | 2026-08-21 |
| 11742 SW 250th St | single_family | 4 | 3 | 2,500 | $557,500 | 2026-08-14 |
| 23841 SW 114th Pl | single_family | 4 | 3 | 2,599 | $575,000 | 2026-08-10 |
| 25701 SW 133rd Ct | single_family | 4 | 3 | 1,611 | $575,000 | 2026-08-10 |
| 11606 SW 234th St | single_family | 4 | 3 | 2,573 | $580,000 | 2026-08-05 |
| 12981 SW 251st Ter | single_family | 4 | 2 | 1,383 | $450,000 | 2026-08-03 |
| 25324 SW 119th Ave | single_family | 4 | 3 | 2,280 | $600,000 | 2026-07-31 |
| 26604 SW 124th Ct | single_family | 4 | 4 | 2,088 | $580,000 | 2026-07-28 |
| 13403 SW 261st Ln | single_family | 4 | 3 | 1,694 | $510,000 | 2026-07-28 |
| 27121 SW 119th Ct | single_family | 4 | 2 | 2,327 | $400,000 | 2026-07-28 |
| 13243 SW 258th Ter | single_family | 4 | 3 | 2,144 | $596,500 | 2026-07-22 |
| 13319 SW 268th Ter | single_family | 4 | 3 | 2,145 | $510,000 | 2026-07-20 |
| 11624 SW 244th Ln | single_family | 4 | 3 | 2,400 | $580,000 | 2026-07-17 |
| 24210 SW 122nd Ave | single_family | 4 | 2 | 3,669 | $975,000 | 2026-07-17 |
| 11354 SW 246th St | single_family | 4 | 2 | 1,553 | $530,000 | 2026-07-14 |
| 25534 SW 122nd Pl | single_family | 4 | 3 | 2,345 | $635,000 | 2026-07-13 |
| 27902 SW 134th Ct | single_family | 4 | 3 | 2,006 | $675,000 | 2026-07-13 |
| 12260 SW 251st Ter | single_family | 4 | 2 | 1,539 | $550,000 | 2026-07-08 |
| 11339 SW 243rd Ter | single_family | 4 | 3 | 2,494 | $625,000 | 2026-07-02 |
| 11953 SW 268th Ter | single_family | 4 | 3 | 1,800 | $525,000 | 2026-06-30 |
| 25435 SW 127th Ct | single_family | 4 | 2 | 1,712 | $635,000 | 2026-06-30 |
| 11789 SW 272nd Ter | single_family | 4 | 3 | 2,136 | $550,000 | 2026-06-26 |
| 13501 SW 272nd Ter | single_family | 4 | 2 | 1,570 | $580,000 | 2026-06-26 |
| 25255 SW 127th Ct | single_family | 4 | 2 | 1,658 | $266,000 | 2026-06-26 |
| 25010 SW 107th Ct | single_family | 4 | 3 | 2,412 | $725,999 | 2026-06-23 |
| 27521 SW 154th Ave | single_family | 4 | 2 | 2,303 | $895,000 | 2026-06-22 |
| 13367 SW 268th Ter | single_family | 4 | 3 | 2,224 | $690,000 | 2026-06-19 |
| 23520 SW 107th Ct | single_family | 4 | 4 | 2,556 | $610,000 | 2026-06-15 |
| 11854 SW 272nd Ter | single_family | 4 | 2 | 2,136 | $540,000 | 2026-06-12 |
| 12145 SW 250th Ter | single_family | 4 | 3 | 2,110 | $530,000 | 2026-06-05 |
| 11276 SW 245th St | single_family | 4 | 3 | 1,932 | $550,000 | 2026-06-03 |
| 11278 SW 241st St | single_family | 4 | 3 | 2,925 | $585,000 | 2026-06-03 |
| 13160 SW 265th St | single_family | 4 | 2 | 1,470 | $585,000 | 2026-06-02 |
| 11734 SW 240th Ter | single_family | 4 | 2 | 2,599 | $615,000 | 2026-06-01 |
| 11868 SW 253rd St | single_family | 4 | 2 | 1,877 | $432,000 | 2026-05-29 |
| 11712 SW 235th St | single_family | 4 | 3 | 2,437 | $599,000 | 2026-05-28 |
| 10837 SW 242nd St | single_family | 4 | 2 | 2,516 | $620,000 | 2026-05-20 |
| 13610 SW 260th St | single_family | 4 | 3 | 1,776 | $490,000 | 2026-05-14 |
| 11263 SW 243rd Ter | single_family | 4 | 3 | 2,925 | $640,000 | 2026-05-14 |
| 11483 SW 238th St | single_family | 4 | 3 | 1,811 | $407,000 | 2026-05-14 |
| 11381 SW 247th Ter | single_family | 4 | 2 | 1,553 | $600,000 | 2026-05-13 |
| 26130 SW 130th Ave | single_family | 4 | 3 | 1,963 | $679,500 | 2026-05-11 |
| 10835 SW 245th St | single_family | 4 | 2 | 2,064 | $580,000 | 2026-05-04 |
| 13267 SW 277th Ter | single_family | 4 | 2 | 1,642 | $550,000 | 2026-05-04 |
| 12251 SW 264th St | single_family | 4 | 2 | 1,472 | $305,000 | 2026-04-27 |
| 10978 SW 243rd Ln | single_family | 4 | 2 | 1,771 | $578,000 | 2026-04-27 |
| 25107 SW 124th Ct | single_family | 4 | 3 | 1,914 | $585,000 | 2026-04-24 |
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 |
|---|---|---|---|---|---|---|
| 23660 SW 120th Ave | single_family | 4 | 6 | 3,709 | $2,625,000 | — |
| SW 139th Ave and SW 262nd | single_family | 4 | 3 | 1,436 | $395,990 | — |
| 13845 SW 261st Ter | single_family | 4 | 4 | 1,436 | $397,290 | — |
| SW 139th Ave and SW 262nd | single_family | 4 | 3 | 1,458 | $397,990 | — |
| SW 139th Ave and SW 262nd | single_family | 4 | 3 | 1,476 | $497,990 | — |
| 11509 SW 238th Ter | single_family | 4 | 3 | 1,992 | $590,000 | — |
| 13833 SW 261st Ter | townhomes | 4 | 4 | 1,458 | $401,990 | — |
| 13841 SW 261st Ter | townhomes | 4 | 4 | 1,436 | $395,990 | — |
10-year hold projection
IRR0.7%
Equity multiple1.12x
Total return (10yr)$88,289
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $568,457 | $16,664 | -$19,484 | $436,733 | $131,724 |
| 2 | $585,511 | $17,274 | -$18,926 | $431,617 | $153,894 |
| 3 | $603,076 | $17,905 | -$18,349 | $426,150 | $176,926 |
| 4 | $621,168 | $18,558 | -$17,752 | $420,307 | $200,861 |
| 5 | $639,803 | $19,233 | -$17,133 | $414,064 | $225,740 |
| 6 | $658,997 | $19,931 | -$16,493 | $407,391 | $251,606 |
| 7 | $678,767 | $20,653 | -$15,830 | $400,260 | $278,507 |
| 8 | $699,130 | $21,400 | -$15,144 | $392,640 | $306,491 |
| 9 | $720,104 | $22,173 | -$14,434 | $384,496 | $335,608 |
| 10 | $741,707 | $22,972 | -$13,699 | $375,793 | $365,914 |
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.