1055 N Franklin Ave Unit 1055G
Homestead, FL 33034 · condos · For Sale · 77 days on market
Asking price$205,000
2 beds 2 baths 970 sqft
Listed by Ana Steinman · Grand Beach Realty Llc
Typecondos
Built1985
Price / sqft$211
Est. value (Zillow ZIP avg)$382,671
Rent estimate (own analysis)$1,900/mo
HOA$350/mo
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Statusfor_sale
Listed date2026-06-17
Removed date—
MLSMiamiMLS #A12036454
Coordinates25.46073, -80.46124
Address1055 N Franklin Ave Unit 1055G
CityHomestead
StateFL
Zip33034
Listing ID6100021019
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33034)
Typical home value (ZHVI)$382,671
Typical rent (ZORI)$2,436/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 | $205,000 |
| Down payment (20.0%) | $41,000 |
| Loan amount | $164,000 |
| Closing costs (5.0%) | $10,250 |
| Total cash to close | $51,250 |
| Income | |
| Rent (comp-derived) | $1,900$22,800 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,748$20,976 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $325$3,895 |
| Insurance (placeholder 0.8% of price) | $137$1,640 |
| HOA dues | $350$4,200 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $95$1,140 |
| Total operating expenses | $906$10,875 |
| 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) | $95$1,140 |
| 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 |
|---|---|---|---|---|---|---|---|
| apartment | 2 | 2 | 945 | $2,095 | 2024-12-24 | — | |
| condos | 2 | 2 | 863 | $1,650 | 2026-08-18 | — | |
| condos | 2 | 2 | 960 | $2,000 | 2026-07-21 | — | |
| condos | 2 | 2 | 863 | $1,700 | 2026-06-02 | — | |
| condos | 2 | 2 | 863 | $2,000 | 2026-08-28 | — | |
| condos | 2 | 2 | 970 | $1,750 | 2026-03-30 | — | |
| apartment | 2 | 2 | 863 | $1,900 | 2026-06-17 | — | |
| condos | 2 | 2 | 960 | $1,900 | 2026-06-28 | — | |
| condos | 2 | 2 | 863 | $1,950 | 2026-08-25 | — | |
| condos | 2 | 3 | 960 | $2,000 | 2026-08-06 | — | |
| apartment | 2 | 2 | 970 | $1,950 | 2026-07-23 | — | |
| condos | 2 | 2 | 970 | $1,950 | 2026-08-25 | — | |
| condos | 2 | 2 | 970 | $1,900 | 2026-08-19 | — | |
| condos | 2 | 2 | 863 | $1,775 | 2026-04-01 | — | |
| apartment | 2 | 2 | 774 | $1,900 | 2026-06-30 | — | |
| condos | 2 | 2 | 863 | $1,750 | 2026-05-19 | — | |
| apartment | 2 | 2 | 970 | $2,000 | 2026-03-20 | — | |
| apartment | 2 | 1 | 940 | $1,800 | 2026-05-16 | — | |
| condos | 2 | 2 | 970 | $2,100 | — | — |
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.
No recent recorded sales cached yet for this ZIP.
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 |
|---|---|---|---|---|---|---|
| 1051 Jefferson Dr Unit 1051K | condos | 2 | 2 | 970 | $189,900 | — |
| 35303 SW 180th Ave Lot 333 | mobile | 2 | 2 | 1,170 | $225,000 | — |
| 327 NW 3rd St | single_family | 2 | 1 | 1,004 | $349,999 | — |
| 488 NE 5th Ter | townhomes | 2 | 3 | 1,208 | $269,000 | — |
| 1149 Independence Trl Unit 1149H | condos | 2 | 2 | 970 | $218,000 | — |
| 35250 SW 177th Ct Unit 48 | mobile | 2 | 2 | 1,170 | $197,000 | — |
| 1017 Washington Cir Unit 1017I | condos | 2 | 2 | 960 | $180,900 | — |
| 1021 Adams Ave Unit 1021F | condos | 2 | 2 | 960 | $195,000 | — |
10-year hold projection
IRR5.8%
Equity multiple1.93x
Total return (10yr)$74,305
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $211,150 | $10,101 | -$3,686 | $162,222 | $48,928 |
| 2 | $217,485 | $10,458 | -$3,357 | $160,322 | $57,163 |
| 3 | $224,009 | $10,828 | -$3,017 | $158,291 | $65,718 |
| 4 | $230,729 | $11,210 | -$2,665 | $156,121 | $74,609 |
| 5 | $237,651 | $11,605 | -$2,301 | $153,801 | $83,850 |
| 6 | $244,781 | $12,013 | -$1,924 | $151,323 | $93,458 |
| 7 | $252,124 | $12,435 | -$1,534 | $148,674 | $103,450 |
| 8 | $259,688 | $12,871 | -$1,131 | $145,844 | $113,844 |
| 9 | $267,479 | $13,322 | -$714 | $142,819 | $124,660 |
| 10 | $275,503 | $13,788 | -$283 | $139,586 | $135,917 |
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.