20255 SW 296th St
Homestead, FL 33030 · single_family · For Sale · 175 days on market
Asking price$1,099,900
6 beds 3 baths 4,771 sqft
Listed by Kristine Puente · Top Team Realty Llc
Typesingle_family
Built1940
Price / sqft$231
Est. value (own analysis)$1,592,648
Rent estimate (Zillow ZIP avg)$2,465/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood4/10moderate$Wildfire4/10ModerateAir2/10Minor
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Statusfor_sale
Listed date2026-03-11
Removed date—
MLSMiamiMLS #A11979792
Coordinates25.49194, -80.51925
Address20255 SW 296th St
CityHomestead
StateFL
Zip33030
Listing ID6027433750
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33030)
Typical home value (ZHVI)$521,479
Typical rent (ZORI)$2,465/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 | $1,099,900 |
| Down payment (20.0%) | $219,980 |
| Loan amount | $879,920 |
| Closing costs (5.0%) | $54,995 |
| Total cash to close | $274,975 |
| Income | |
| Rent (ZIP avg, ZORI — not bedroom-specific) | $2,465$29,583 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,268$27,217 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,742$20,898 |
| Insurance (est. scaled by flood & wind risk) | $1,173$14,079 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $123$1,479 |
| Total operating expenses | $3,038$36,456 |
| 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) | $123$1,479 |
| 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
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| single_family | 6 | 3 | 3,183 | $3,600 | 2026-06-05 | — |
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 |
|---|---|---|---|---|---|---|
| 2152 NW 16th Ter | single_family | 6 | 4 | 3,820 | $1,125,000 | 2026-05-15 |
| 1651 NW 19th St | single_family | 6 | 3 | 2,282 | $955,000 | 2026-02-25 |
| 31725 SW 213th Ave | single_family | 6 | 5 | 5,497 | $1,835,000 | 2026-02-10 |
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.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 2150 NW 16th Pl | single_family | 6 | 4 | — | $1,299,990 | — |
| 31050 SW 193rd Ave | single_family | 6 | 5 | 5,659 | $1,550,000 | — |
| 155 SW 16th Ter | single_family | 6 | 3 | 3,450 | $720,000 | — |
| 29215 SW 167th Ct | single_family | 6 | 5 | 3,644 | $1,299,980 | — |
| 1730 NW 21st St | single_family | 6 | 4 | 3,820 | $1,085,000 | — |
10-year hold projection
IRR-9.1%
Equity multiple-0.55x
Total return (10yr)-$282,284
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,132,897 | -$9,239 | -$78,574 | $870,380 | $262,517 |
| 2 | $1,166,884 | -$9,334 | -$78,706 | $860,184 | $306,700 |
| 3 | $1,201,890 | -$9,427 | -$78,837 | $849,289 | $352,602 |
| 4 | $1,237,947 | -$9,519 | -$78,967 | $837,645 | $400,302 |
| 5 | $1,275,086 | -$9,608 | -$79,096 | $825,202 | $449,884 |
| 6 | $1,313,338 | -$9,695 | -$79,224 | $811,904 | $501,434 |
| 7 | $1,352,738 | -$9,780 | -$79,350 | $797,693 | $555,045 |
| 8 | $1,393,320 | -$9,862 | -$79,475 | $782,506 | $610,814 |
| 9 | $1,435,120 | -$9,941 | -$79,598 | $766,276 | $668,844 |
| 10 | $1,478,174 | -$10,017 | -$79,719 | $748,932 | $729,241 |
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.