15425 SW 268th St

Homestead, FL 33032 · single_family · For Sale · 147 days on market
Asking price$3,900,000
5 beds 3 baths 3,527 sqft
Suggested offer$828,069$3,071,931 above the est. market value of $828,069.
View on Realtor.com →
Listed by Natalia Marianela Haseitel · Coldwell Banker Realty
Typesingle_family
Built1981
Price / sqft$1106
Est. value (own analysis)$828,069
Rent estimate (own analysis)$4,550/mo
HOANone
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Neighborhood

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Statusfor_sale
Listed date2026-04-08
Removed date
MLSMiamiMLS #A11997161
Coordinates25.51913, -80.44153
Address15425 SW 268th St
CityHomestead
StateFL
Zip33032
Listing ID5953125460
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)

Purchase price$3,900,000
Down payment (20.0%)$780,000
Loan amount$3,120,000
Closing costs (5.0%)$195,000
Total cash to close$975,000
Rent (comp-derived)$4,550$54,600
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$54,600
Vacancy rate (assumption) assumption8.0%

$54,600 × 8.0% = $4,368

Effective gross income$4,186$50,232
Property tax (placeholder 1.9% of price)$6,175$74,100
Insurance (placeholder 0.8% of price)$2,600$31,200
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$228$2,730
Total operating expenses$9,003$108,030
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$50,232
Total operating expenses derived$108,030

$50,232 − $108,030 = -$57,798

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$3,120,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$3,120,000 amortized at 6.7% over 30 years = $20,050/mo

CapEx reserve (5.0% of GSR)$228$2,730
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-$57,798
Annual debt service derived$240,600
Annual CapEx reserve assumption$2,730
Annual PMI assumption$0

(-$57,798 − $240,600 − $2,730 − $0) ÷ 12 = -$25,094

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived-$57,798
Purchase price data$3,900,000

-$57,798 ÷ $3,900,000 = -1.5%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$301,128
Total cash to close derived$975,000

-$301,128 ÷ $975,000 = -30.9%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived-$57,798
Annual debt service derived$240,600

-$57,798 ÷ $240,600 = -0.24

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$54,600
Purchase price data$3,900,000

($54,600 ÷ 12) ÷ $3,900,000 = 0.1%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$3,900,000
Gross scheduled rent (annual) comp$54,600

$3,900,000 ÷ $54,600 = 71.4

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$108,030
Effective gross income derived$50,232

$108,030 ÷ $50,232 = 215.1%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$108,030
Annual debt service derived$240,600
Annual PMI assumption$0
Gross scheduled rent (annual) comp$54,600

($108,030 + $240,600 + $0) ÷ $54,600 = 638.5%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family542,784$1,7002026-08-12
single_family533,340$5,0002026-08-24
single_family543,320$5,5002026-07-08
single_family533,429$4,3002026-07-15
single_family542,552$4,0002026-07-28
single_family542,974$4,8002026-04-29
single_family532,799$3,500
single_family542,974$4,8002026-07-01

27341 SW 132nd Ct Unit Garage

Homestead, 33032 · rent comp

Bedrooms / bathrooms5 bd / 4 ba
Square footage2,784
Listed2026-08-12
Days on market

Asking rent: $1,700

View on Zillow →

11731 SW 234th St

Homestead, 33032 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage3,340
Listed2026-08-24
Days on market

Asking rent: $5,000

View on Zillow →

25225 SW 118th Ave Unit 25225

Homestead, 33032 · rent comp

Bedrooms / bathrooms5 bd / 4 ba
Square footage3,320
Listed2026-07-08
Days on market

Asking rent: $5,500

View on Zillow →

11628 SW 235th St

Homestead, 33032 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage3,429
Listed2026-07-15
Days on market

Asking rent: $4,300

View on Zillow →

23663 SW 107th Ct

Homestead, 33032 · rent comp

Bedrooms / bathrooms5 bd / 4 ba
Square footage2,552
Listed2026-07-28
Days on market

Asking rent: $4,000

View on Zillow →

Homestead, 33032 · rent comp

Bedrooms / bathrooms5 bd / 4 ba
Square footage2,974
Listed2026-04-29
Days on market

Asking rent: $4,800

View on Zillow →

27037 SW 142nd Ave # 0

Homestead, 33032 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage2,799
Listed
Days on market

Asking rent: $3,500

View on Zillow →

11875 SW 241st Ter

Princeton, 33032 · rent comp

Bedrooms / bathrooms5 bd / 4 ba
Square footage2,974
Listed2026-07-01
Days on market

Asking rent: $4,800

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
24107 SW 114th Ctsingle_family533,399$655,0002026-08-25
11024 SW 242nd Stsingle_family532,914$585,0002026-08-14
9047966981single_family542,974$660,0002026-07-31
13211 SW 272nd Lnsingle_family542,944$745,0002026-07-29
11863 SW 233rd Tersingle_family533,340$657,5002026-07-24
24567 SW 109th Avesingle_family532,501$710,0002026-07-23
13270 SW 272nd Stsingle_family542,944$680,0002026-07-22
25301 SW 119th Ctsingle_family542,846$679,0002026-07-13
11331 SW 240th Lnsingle_family533,399$670,0002026-06-23
11836 SW 272nd Tersingle_family53$549,0002026-06-18
11964 SW 244th Stsingle_family532,418$610,0002026-06-16
10816 SW 247th Stsingle_family532,501$629,0002026-06-09
10755 SW 244th Tersingle_family542,501$630,0002026-06-05
11932 SW 241st Tersingle_family542,974$660,0002026-05-26
24587 SW 109th Avesingle_family532,501$600,0002026-05-26
15402 SW 274th Stsingle_family532,756$1,050,0002026-05-19
11932 SW 273rd Stsingle_family532,450$525,0002026-05-06
27381 SW 139th Plsingle_family543,120$548,0002026-04-22
27602 SW 134th Ctsingle_family542,460$700,0002026-04-20
9733004789single_family552,971$779,9902026-04-17
24034 SW 107th Ctsingle_family532,914$557,2002026-02-13

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
11731 SW 234th Stsingle_family533,340$750,000
14319 SW 274th Waysingle_family531,850$439,999
14070 SW 260th St Apt 103condos531,861$349,900
11938 SW 253rd Tersingle_family542,846$750,000
12761 SW 256th Stsingle_family551,248$575,000
13347 SW 274 St Unit 13347townhomes53$605,000
24241 SW 113th Psgesingle_family533,399$648,000
11944 SW 240th Stsingle_family532,418$775,000

10-year hold projection

IRR-10.7%
Equity multiple-0.82x
Total return (10yr)-$1,265,299
YearProperty valueNOICash flowLoan balanceEquity
1$4,017,000-$57,798-$301,128$3,086,172$930,828
2$4,137,510-$58,992-$302,390$3,050,022$1,087,488
3$4,261,635-$60,208-$303,676$3,011,388$1,250,247
4$4,389,484-$61,447-$304,986$2,970,102$1,419,382
5$4,521,169-$62,708-$306,321$2,925,981$1,595,188
6$4,656,804-$63,993-$307,682$2,878,830$1,777,974
7$4,796,508-$65,302-$309,068$2,828,440$1,968,068
8$4,940,403-$66,635-$310,479$2,774,591$2,165,812
9$5,088,615-$67,992-$311,917$2,717,044$2,371,572
10$5,241,274-$69,373-$313,382$2,655,544$2,585,730
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.