28004 SW 169th Ct

Homestead, FL 33030 · single_family · For Sale · 173 days on market
Asking price$1,359,000
5 beds 3 baths 2,978 sqft
Suggested offer$906,763$452,237 above the est. market value of $906,763.
View on Realtor.com →
Listed by Sandra Vargas-Salgado · Realty One Group Evolution
Typesingle_family
Built2017
Price / sqft$456
Est. value (own analysis)$906,763
Rent estimate (own analysis)$4,100/mo
HOANone
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Neighborhood

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Statusfor_sale
Listed date2026-03-13
Removed date
MLSMiamiMLS #A11982258
Coordinates25.50667, -80.46609
Address28004 SW 169th Ct
CityHomestead
StateFL
Zip33030
Listing ID6079068936
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)

Purchase price$1,359,000
Down payment (20.0%)$271,800
Loan amount$1,087,200
Closing costs (5.0%)$67,950
Total cash to close$339,750
Rent (comp-derived)$4,100$49,200
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$49,200
Vacancy rate (assumption) assumption8.0%

$49,200 × 8.0% = $3,936

Effective gross income$3,772$45,264
Property tax (placeholder 1.9% of price)$2,152$25,821
Insurance (placeholder 0.8% of price)$906$10,872
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$205$2,460
Total operating expenses$3,263$39,153
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$45,264
Total operating expenses derived$39,153

$45,264 − $39,153 = $6,111

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$1,087,200
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$1,087,200 amortized at 6.7% over 30 years = $6,987/mo

CapEx reserve (5.0% of GSR)$205$2,460
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$6,111
Annual debt service derived$83,840
Annual CapEx reserve assumption$2,460
Annual PMI assumption$0

($6,111 − $83,840 − $2,460 − $0) ÷ 12 = -$6,682

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$6,111
Purchase price data$1,359,000

$6,111 ÷ $1,359,000 = 0.4%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$80,189
Total cash to close derived$339,750

-$80,189 ÷ $339,750 = -23.6%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$6,111
Annual debt service derived$83,840

$6,111 ÷ $83,840 = 0.07

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$49,200
Purchase price data$1,359,000

($49,200 ÷ 12) ÷ $1,359,000 = 0.3%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$1,359,000
Gross scheduled rent (annual) comp$49,200

$1,359,000 ÷ $49,200 = 27.6

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$39,153
Effective gross income derived$45,264

$39,153 ÷ $45,264 = 86.5%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$39,153
Annual debt service derived$83,840
Annual PMI assumption$0
Gross scheduled rent (annual) comp$49,200

($39,153 + $83,840 + $0) ÷ $49,200 = 250.0%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family532,474$4,1002026-07-03
single_family532,474$3,5002026-08-10
single_family542,731$6,850

18849 SW 315th St

Homestead, 33030 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage2,474
Listed2026-07-03
Days on market

Asking rent: $4,100

View on Zillow →

18873 SW 315th St

Homestead, 33030 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage2,474
Listed2026-08-10
Days on market

Asking rent: $3,500

View on Zillow →

32242 SW 194th Ave

Homestead, 33030 · rent comp

Bedrooms / bathrooms5 bd / 4 ba
Square footage2,731
Listed
Days on market

Asking rent: $6,850

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
17354 SW 287th Stsingle_family543,373$1,200,0002026-07-21
17372 SW 287th Stsingle_family543,373$1,250,0002026-07-06
31500 SW 187th Avesingle_family563,306$539,0002026-06-10
28550 SW 192nd Avesingle_family543,231$1,000,0002026-05-11
16733 SW 292nd Tersingle_family552,838$760,0002026-05-07
2147 NW 15th Plsingle_family532,837$770,0002026-05-06
2230 NW 17th Avesingle_family553,972$1,050,0002026-04-28
17451 SW 285th Stsingle_family532,458$694,0002026-04-27
17334 SW 303rd Stsingle_family531,938$637,4002026-04-20
622 NW 7th Avesingle_family522,132$260,0002026-04-13
18455 SW 284th Stsingle_family537,896$1,690,0002026-03-31
19621 SW 308th Stsingle_family532,465$789,0002026-02-18
690 NW 18th Stsingle_family541,800$510,0002026-02-09
17341 SW 304th Stsingle_family531,938$650,0002026-02-06
29151 SW 168th Ctsingle_family553,532$965,0002026-02-03
16916 SW 291st Stsingle_family552,838$980,0002026-01-26
29282 SW 181st Avesingle_family543,120$950,0002026-01-23
17392 SW 284th Stsingle_family542,756$856,0002026-01-15
17241 SW 288th Stsingle_family553,384$1,149,9902025-12-23

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
SW 288 St & 177th Avesingle_family542,806$860,990
17480 SW 286 Stsingle_family533,108$809,140
17480 SW 286 Stsingle_family543,108$809,140
18844 SW 314th Stsingle_family532,474$591,290
28544 SW 176th Ave.single_family542,806$815,990
17464 SW 286 Stsingle_family543,108$814,090
SW 312 St & 187th Avesingle_family532,474$589,990
single_family532,349$385,000

10-year hold projection

IRR-5.9%
Equity multiple0.02x
Total return (10yr)-$156,475
YearProperty valueNOICash flowLoan balanceEquity
1$1,399,770$6,111-$80,189$1,075,412$324,358
2$1,441,763$6,490-$79,871$1,062,815$378,948
3$1,485,016$6,885-$79,539$1,049,353$435,663
4$1,529,566$7,298-$79,191$1,034,966$494,600
5$1,575,453$7,727-$78,828$1,019,592$555,862
6$1,622,717$8,175-$78,448$1,003,161$619,556
7$1,671,399$8,642-$78,050$985,603$685,796
8$1,721,541$9,128-$77,635$966,838$754,702
9$1,773,187$9,635-$77,202$946,785$826,402
10$1,826,382$10,163-$76,749$925,355$901,027
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.