35250 SW 177th Ct Unit 48

Homestead, FL 33034 · mobile · For Sale · 88 days on market
Asking price$197,000
2 beds 2 baths 1,170 sqft
Suggested offer$178,941$18,059 above the est. market value of $178,941.
View on Realtor.com →
Listed by Dania Diaz · RE/MAX Advance Realty II
Typemobile
Built1995
Price / sqft$168
Est. value (own analysis)$178,941
Rent estimate (Zillow ZIP avg)$2,436/mo
HOA$175/mo
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-06-06
Removed date
MLSMiamiMLS #A12032412
Coordinates25.43632, -80.47809
Address35250 SW 177th Ct Unit 48
CityHomestead
StateFL
Zip33034
Listing ID6127306476
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$197,000
Down payment (20.0%)$39,400
Loan amount$157,600
Closing costs (5.0%)$9,850
Total cash to close$49,250
Rent (ZIP avg, ZORI — not bedroom-specific)$2,436$29,229
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$29,229
Vacancy rate (assumption) assumption8.0%

$29,229 × 8.0% = $2,338

Effective gross income$2,241$26,890
Property tax (placeholder 1.9% of price)$312$3,743
Insurance (placeholder 0.8% of price)$131$1,576
HOA dues$175$2,100
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$122$1,461
Total operating expenses$740$8,880
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$26,890
Total operating expenses derived$8,880

$26,890 − $8,880 = $18,010

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$157,600
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$157,600 amortized at 6.7% over 30 years = $1,013/mo

CapEx reserve (5.0% of GSR)$122$1,461
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$18,010
Annual debt service derived$12,153
Annual CapEx reserve assumption$1,461
Annual PMI assumption$0

($18,010 − $12,153 − $1,461 − $0) ÷ 12 = $366

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$18,010
Purchase price data$197,000

$18,010 ÷ $197,000 = 9.1%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived$4,395
Total cash to close derived$49,250

$4,395 ÷ $49,250 = 8.9%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$18,010
Annual debt service derived$12,153

$18,010 ÷ $12,153 = 1.48

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$29,229
Purchase price data$197,000

($29,229 ÷ 12) ÷ $197,000 = 1.2%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$197,000
Gross scheduled rent (annual) comp$29,229

$197,000 ÷ $29,229 = 6.7

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$8,880
Effective gross income derived$26,890

$8,880 ÷ $26,890 = 33.0%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$8,880
Annual debt service derived$12,153
Annual PMI assumption$0
Gross scheduled rent (annual) comp$29,229

($8,880 + $12,153 + $0) ÷ $29,229 = 72.0%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
mobile22850$1,8502026-05-10
mobile221,170$1,6752026-07-01

35303 SW 180th Ave Lot 347

Homestead, 33034 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage850
Listed2026-05-10
Days on market

Asking rent: $1,850

View on Zillow →

35250 SW 177th Ct Unit 5

Homestead, 33034 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,170
Listed2026-07-01
Days on market

Asking rent: $1,675

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 168mobile22850$130,0002026-06-12
35250 SW 177th Ct Unit 222mobile22710$140,0002026-02-13
35303 SW 180th Ave Lot 412mobile221,690$160,0002026-02-10

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.

AddressTypeBedsBathsSqftAsking priceDays on market
1051 Jefferson Dr Unit 1051Kcondos22970$189,900
35303 SW 180th Ave Lot 333mobile221,170$225,000
327 NW 3rd Stsingle_family211,004$349,999
488 NE 5th Tertownhomes231,208$269,000
1149 Independence Trl Unit 1149Hcondos22970$218,000
1017 Washington Cir Unit 1017Icondos22960$180,900
1021 Adams Ave Unit 1021Fcondos22960$195,000
889 Hamilton Dr Unit 889Econdos22970$179,900

10-year hold projection

IRR18.3%
Equity multiple3.77x
Total return (10yr)$162,083
YearProperty valueNOICash flowLoan balanceEquity
1$202,910$18,010$4,395$155,891$47,019
2$208,997$18,595$4,943$154,065$54,932
3$215,267$19,198$5,509$152,114$63,153
4$221,725$19,821$6,093$150,028$71,697
5$228,377$20,463$6,696$147,800$80,577
6$235,228$21,126$7,319$145,418$89,810
7$242,285$21,810$7,962$142,873$99,413
8$249,554$22,516$8,625$140,152$109,401
9$257,040$23,244$9,310$137,246$119,795
10$264,752$23,995$10,017$134,139$130,612
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.