35250 SW 177th Ct Unit 220

Homestead, FL 33034 · mobile · For Sale · 280 days on market
Asking price$169,000
3 beds 2 baths 850 sqft
Suggested offer$159,829$9,171 above the est. market value of $159,829.
View on Realtor.com →
Listed by Elsa Cristobal · Keller Williams Realty Premier
Typemobile
Built1993
Price / sqft$199
Est. value (own analysis)$159,829
Rent estimate (own analysis)$2,500/mo
HOA$174/mo
Wind10/10Extreme$Heat10/10ExtremeFlood8/10severe$Wildfire4/10ModerateAir2/10Minor
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Neighborhood

Show every detail
Statusfor_sale
Listed date2025-11-26
Removed date
MLSMiamiMLS #A11921718
Coordinates25.43632, -80.47809
Address35250 SW 177th Ct Unit 220
CityHomestead
StateFL
Zip33034
Listing ID6116611150
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)

Purchase price$169,000
Down payment (20.0%)$33,800
Loan amount$135,200
Closing costs (5.0%)$8,450
Total cash to close$42,250
Rent (comp-derived)$2,500$30,000
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$30,000
Vacancy rate (assumption) assumption8.0%

$30,000 × 8.0% = $2,400

Effective gross income$2,300$27,600
Property tax (placeholder 1.9% of price)$268$3,211
Insurance (est. scaled by flood & wind risk)$220$2,636
HOA dues$174$2,088
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$125$1,500
Total operating expenses$786$9,435
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$27,600
Total operating expenses derived$9,435

$27,600 − $9,435 = $18,165

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$135,200
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$135,200 amortized at 6.7% over 30 years = $869/mo

CapEx reserve (5.0% of GSR)$125$1,500
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$18,165
Annual debt service derived$10,426
Annual CapEx reserve assumption$1,500
Annual PMI assumption$0

($18,165 − $10,426 − $1,500 − $0) ÷ 12 = $520

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$18,165
Purchase price data$169,000

$18,165 ÷ $169,000 = 10.7%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived$6,239
Total cash to close derived$42,250

$6,239 ÷ $42,250 = 14.8%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$18,165
Annual debt service derived$10,426

$18,165 ÷ $10,426 = 1.74

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$30,000
Purchase price data$169,000

($30,000 ÷ 12) ÷ $169,000 = 1.5%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$169,000
Gross scheduled rent (annual) comp$30,000

$169,000 ÷ $30,000 = 5.6

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$9,435
Effective gross income derived$27,600

$9,435 ÷ $27,600 = 34.2%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$9,435
Annual debt service derived$10,426
Annual PMI assumption$0
Gross scheduled rent (annual) comp$30,000

($9,435 + $10,426 + $0) ÷ $30,000 = 66.2%

Comparables

Widened to city-wide. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
mobile321,456$2,1502026-08-24
mobile321,456$2,6502026-08-20
mobile325,891$2,5002026-06-19

220 NE 12th Ave Lot 72

Homestead, 33030 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,456
Listed2026-08-24
Days on market

Asking rent: $2,150

View on Zillow →

220 NE 12th Ave Lot 29

Homestead, 33030 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,456
Listed2026-08-20
Days on market

Asking rent: $2,650

View on Zillow →

100 NE 6th Ave Lot 504

Homestead, 33030 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage5,891
Listed2026-06-19
Days on market

Asking rent: $2,500

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
35250 SW 177th Ct Unit 44mobile321,170$220,0002026-08-14
35303 SW 180th Ave Lot 353mobile321,170$237,0002026-05-06
35303 SW 180th Ave Lot 345mobile321,430$220,0002025-10-31

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
1431 NE 5th Avenuetownhomes321,448$450,990
35605 SW 180th Avesingle_family321,414$342,990
35817 SW 178th Cttownhomes331,338$393,790
SW 328 St & SW 172nd Avesingle_family321,545$363,990
18917 SW 357 Stcondo_townhome_rowhome_coop331,460$347,090
18927 SW 357 Stcondo_townhome_rowhome_coop331,373$343,590
SW 336 St & SW 194 Avesingle_family321,732$546,990
35605 SW 180th Avesingle_family321,545$351,990

10-year hold projection

IRR23.2%
Equity multiple4.45x
Total return (10yr)$167,878
YearProperty valueNOICash flowLoan balanceEquity
1$174,070$18,165$6,239$133,734$40,336
2$179,292$18,757$6,793$132,168$47,124
3$184,671$19,368$7,366$130,494$54,177
4$190,211$19,998$7,957$128,705$61,506
5$195,917$20,649$8,567$126,793$69,125
6$201,795$21,321$9,198$124,749$77,045
7$207,849$22,014$9,848$122,566$85,283
8$214,084$22,729$10,520$120,232$93,852
9$220,507$23,467$11,213$117,739$102,768
10$227,122$24,228$11,929$115,074$112,048
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.