26950 SW 157th Ave

Homestead, FL 33031 · single_family · For Sale · 76 days on market
Asking price$2,100,000
4 beds 3 baths 3,674 sqft
Suggested offer$1,246,368$853,632 above the est. market value of $1,246,368.
View on Realtor.com →
Listed by Alain Sequeiro · Aquaview Realty Group
Typesingle_family
Built1976
Price / sqft$572
Est. value (own analysis)$1,246,368
Rent estimate (own analysis)$4,300/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood3/10moderate$Air2/10MinorWildfire1/10Minimal
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Neighborhood

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Statusfor_sale
Listed date2026-06-18
Removed date
MLSMiamiMLS #A12039216
Coordinates25.51538, -80.44772
Address26950 SW 157th Ave
CityHomestead
StateFL
Zip33031
Listing ID5939896051
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$2,100,000
Down payment (20.0%)$420,000
Loan amount$1,680,000
Closing costs (5.0%)$105,000
Total cash to close$525,000
Rent (comp-derived)$4,300$51,600
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$51,600
Vacancy rate (assumption) assumption8.0%

$51,600 × 8.0% = $4,128

Effective gross income$3,956$47,472
Property tax (placeholder 1.9% of price)$3,325$39,900
Insurance (est. scaled by flood & wind risk)$2,240$26,880
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$215$2,580
Total operating expenses$5,780$69,360
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$47,472
Total operating expenses derived$69,360

$47,472 − $69,360 = -$21,888

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$1,680,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$1,680,000 amortized at 6.7% over 30 years = $10,796/mo

CapEx reserve (5.0% of GSR)$215$2,580
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-$21,888
Annual debt service derived$129,554
Annual CapEx reserve assumption$2,580
Annual PMI assumption$0

(-$21,888 − $129,554 − $2,580 − $0) ÷ 12 = -$12,835

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived-$21,888
Purchase price data$2,100,000

-$21,888 ÷ $2,100,000 = -1.0%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$154,022
Total cash to close derived$525,000

-$154,022 ÷ $525,000 = -29.3%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived-$21,888
Annual debt service derived$129,554

-$21,888 ÷ $129,554 = -0.17

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$51,600
Purchase price data$2,100,000

($51,600 ÷ 12) ÷ $2,100,000 = 0.2%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$2,100,000
Gross scheduled rent (annual) comp$51,600

$2,100,000 ÷ $51,600 = 40.7

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$69,360
Effective gross income derived$47,472

$69,360 ÷ $47,472 = 146.1%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$69,360
Annual debt service derived$129,554
Annual PMI assumption$0
Gross scheduled rent (annual) comp$51,600

($69,360 + $129,554 + $0) ÷ $51,600 = 385.5%

Comparables

Same ZIP. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family432,592$3,8002026-07-07
single_family442,648$4,6002026-08-09
single_family432,412$4,3002026-09-01

16700 SW 277th St

Homestead, 33031 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage2,592
Listed2026-07-07
Days on market

Asking rent: $3,800

View on Zillow →

27308 SW 159th Ct Unit 27308

Homestead, 33031 · rent comp

Bedrooms / bathrooms4 bd / 4 ba
Square footage2,648
Listed2026-08-09
Days on market

Asking rent: $4,600

View on Zillow →

27306 SW 161st Ct Unit 27306

Homestead, 33031 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage2,412
Listed2026-09-01
Days on market

Asking rent: $4,300

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
17200 SW 264th Stsingle_family432,862$1,230,0002026-08-31
25900 SW 177th Avesingle_family411,550$867,0002026-08-27
27305 SW 162nd Ctsingle_family421,765$589,0002026-08-24
23525 SW 217th Avesingle_family433,377$1,370,0002026-07-24
19820 SW 244th Stsingle_family422,385$1,650,0002026-07-10
16380 SW 278th Stsingle_family431,815$655,0002026-06-22
16340 SW 276th Tersingle_family432,170$680,0002026-06-22
27260 SW 167th Ctsingle_family432,347$860,0002026-06-05
27825 SW 168th Ctsingle_family433,074$1,100,0002026-05-29
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
20805 SW 242nd Stsingle_family433,275$1,180,0002026-05-01
27232 SW 159th Pathsingle_family432,654$750,0002026-04-28
27000 SW 187th Avesingle_family423,320$950,0002026-04-27
16930 SW 266th Tersingle_family454,014$1,475,0002026-04-22
19285 SW 272nd Stsingle_family43$1,475,0002026-04-17
27661 SW 162nd Ctsingle_family421,431$610,0002026-04-14
27520 SW 164th Ctsingle_family442,887$725,0002026-04-13
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
27410 SW 172nd Avesingle_family442,821$1,250,0002026-03-17
27442 SW 161st Ctsingle_family432,412$643,0002026-03-13
16305 SW 276th Tersingle_family431,690$629,9002026-03-10
27267 SW 159th Plsingle_family432,654$713,1002026-03-03
15986 SW 277th Stsingle_family432,603$850,0002026-02-20
15700 SW 264th Stsingle_family422,400$1,175,0002026-02-09
24301 SW 212th Avesingle_family432,633$1,150,0002026-01-26
20930 SW 248th Stsingle_family421,635$1,000,0002026-01-05
23400 SW 192nd Avesingle_family433,764$2,850,0002026-01-02
27441 SW 165th Avesingle_family421,800$589,0002025-12-24
26900 SW 182nd Avesingle_family424,968$3,198,0002025-12-18
27850 SW 159th Avesingle_family422,275$720,0002025-12-16
20890 SW 240th Stsingle_family432,165$1,050,0002025-12-12
27336 SW 161st Avesingle_family432,654$750,0002025-12-12
27341 SW 159th Plsingle_family432,654$718,8002025-12-12
15945 SW 272nd Tersingle_family432,412$678,1002025-12-11
27340 SW 159th Plsingle_family432,654$713,8002025-12-10
26715 SW 203rd Avesingle_family442,841$1,350,0002025-12-08
27304 SW 159th Plsingle_family432,654$777,3002025-12-05
27372 SW 161st Avesingle_family432,838$688,3002025-11-10
27569 SW 161st Avesingle_family432,412$636,8002025-11-06
27514 SW 161st Avesingle_family432,412$634,6002025-11-05
26605 SW 173rd Ctsingle_family423,042$825,0002025-10-30
15800 SW 258th Stsingle_family433,357$1,750,0002025-10-17
20970 SW 264th Stsingle_family423,567$1,980,0002025-10-14
18485 SW 267th Stsingle_family422,327$739,5002025-10-11
27420 SW 164th Ctsingle_family421,400$450,0002025-10-06
20751 SW 248th Stsingle_family432,460$950,0002025-09-10

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
27437 SW 159th Avesingle_family43$745,990
27369 SW 159th Avesingle_family442,648$814,990
27411 SW 161 Ctsingle_family432,403$745,990
27411 SW 161 Ctsingle_family432,648$789,990
27409 SW 159th Avesingle_family44$814,990
16880 SW 278th Stsingle_family422,135$790,000
19345 SW 240th Stsingle_family442,611$2,799,000
24545 SW 192nd Avesingle_family443,294$1,499,000

10-year hold projection

IRR-9.6%
Equity multiple-0.64x
Total return (10yr)-$584,978
YearProperty valueNOICash flowLoan balanceEquity
1$2,163,000-$21,888-$154,022$1,661,785$501,215
2$2,227,890-$22,198-$154,396$1,642,319$585,571
3$2,294,727-$22,508-$154,772$1,621,517$673,210
4$2,363,569-$22,819-$155,151$1,599,286$764,283
5$2,434,476-$23,130-$155,532$1,575,528$858,947
6$2,507,510-$23,441-$155,914$1,550,139$957,371
7$2,582,735-$23,752-$156,298$1,523,007$1,059,729
8$2,660,217-$24,063-$156,683$1,494,011$1,166,206
9$2,740,024-$24,372-$157,069$1,463,024$1,277,000
10$2,822,224-$24,681-$157,457$1,429,909$1,392,316
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.