15150 SW 240th St
Homestead, FL 33032 · single_family · For Sale · 230 days on market
Asking price$2,195,000
4 beds 2 baths 2,383 sqft
Suggested offer$647,008$1,547,992 above the est. market value of $647,008.
View on Realtor.com →Listed by Christopher M. Wands · Douglas Elliman - 5555 Biscayne Blvd
Typesingle_family
Built2017
Price / sqft$921
Est. value (own analysis)$647,008
Rent estimate (own analysis)$3,700/mo
HOANone
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Statusfor_sale
Listed date2026-01-15
Removed date—
MLSMiamiMLS #A11945849
Coordinates25.54322, -80.43622
Address15150 SW 240th St
CityHomestead
StateFL
Zip33032
Listing ID6079478861
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 | $2,195,000 |
| Down payment (20.0%) | $439,000 |
| Loan amount | $1,756,000 |
| Closing costs (5.0%) | $109,750 |
| Total cash to close | $548,750 |
| Income | |
| Rent (comp-derived) | $3,700$44,394 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,404$40,842 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $3,475$41,705 |
| Insurance (placeholder 0.8% of price) | $1,463$17,560 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $185$2,220 |
| Total operating expenses | $5,124$61,485 |
| 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) | $185$2,220 |
| 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 | 3 | 2,925 | $3,500 | 2026-07-31 | — | |
| 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 | 4 | 2,552 | $3,500 | 2026-04-23 | — | |
| 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 | 2,579 | $4,000 | 2026-07-22 | — | |
| single_family | 4 | 3 | 2,556 | $3,699 | 2026-02-03 | — | |
| single_family | 4 | 3 | 2,573 | $4,500 | 2026-06-17 | — | |
| 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 | 3 | 1,790 | $3,900 | 2026-07-24 | — | |
| single_family | 4 | 3 | 2,205 | $4,200 | 2026-05-15 | — | |
| single_family | 4 | 2 | 2,176 | $3,800 | 2026-08-14 | — | |
| single_family | 4 | 3 | 2,980 | $3,750 | — | — | |
| single_family | 4 | 2 | 1,886 | $4,200 | 2026-07-27 | — | |
| single_family | 4 | 3 | 2,245 | $2,800 | — | — | |
| single_family | 4 | 3 | 1,820 | $2,900 | — | — | |
| 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 | 2,579 | $3,800 | — | — | |
| single_family | 4 | 3 | 2,944 | $3,700 | — | — | |
| 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
IRR-9.3%
Equity multiple-0.59x
Total return (10yr)-$583,333
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $2,260,850 | -$20,642 | -$158,276 | $1,736,961 | $523,889 |
| 2 | $2,328,676 | -$20,954 | -$158,644 | $1,716,615 | $612,061 |
| 3 | $2,398,536 | -$21,268 | -$159,014 | $1,694,871 | $703,665 |
| 4 | $2,470,492 | -$21,583 | -$159,387 | $1,671,634 | $798,858 |
| 5 | $2,544,607 | -$21,899 | -$159,764 | $1,646,802 | $897,805 |
| 6 | $2,620,945 | -$22,217 | -$160,142 | $1,620,264 | $1,000,681 |
| 7 | $2,699,573 | -$22,535 | -$160,524 | $1,591,904 | $1,107,669 |
| 8 | $2,780,560 | -$22,855 | -$160,908 | $1,561,597 | $1,218,964 |
| 9 | $2,863,977 | -$23,175 | -$161,294 | $1,529,208 | $1,334,769 |
| 10 | $2,949,896 | -$23,496 | -$161,682 | $1,494,595 | $1,455,302 |
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.