12950 SW 243rd Ter
Homestead, FL 33032 · single_family · Pending — under contract · 63 days on market
Asking price$399,900
3 beds 1 baths 1,118 sqft
Listed by Lena Borrayo · Modern World Realty
Typesingle_family
Built2009
Price / sqft$358
Est. value (own analysis)$399,204
Rent estimate (own analysis)$2,700/mo
HOA$50/mo
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Statusfor_sale
Listed date2026-07-01
Removed date—
MLSMiamiMLS #A12044884
Coordinates25.54061, -80.40178
Address12950 SW 243rd Ter
CityHomestead
StateFL
Zip33032
Listing ID6168040014
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 | $399,900 |
| Down payment (20.0%) | $79,980 |
| Loan amount | $319,920 |
| Closing costs (5.0%) | $19,995 |
| Total cash to close | $99,975 |
| Income | |
| Rent (comp-derived) | $2,700$32,400 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,484$29,808 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $633$7,598 |
| Insurance (placeholder 0.8% of price) | $267$3,199 |
| HOA dues | $50$600 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $135$1,620 |
| Total operating expenses | $1,085$13,017 |
| 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) | $135$1,620 |
| 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 | 3 | 2 | 1,434 | $3,295 | 2026-08-15 | — | |
| single_family | 3 | 2 | 1,235 | $2,250 | 2026-03-09 | — | |
| single_family | 3 | 1 | 1,012 | $2,300 | 2026-07-31 | — | |
| single_family | 3 | 2 | 1,321 | $3,200 | 2026-08-28 | — | |
| single_family | 3 | 2 | 1,458 | $2,600 | 2026-08-20 | — | |
| single_family | 3 | 1 | 1,162 | $2,499 | 2026-08-05 | — | |
| single_family | 3 | 2 | 1,144 | $2,600 | 2026-08-20 | — | |
| single_family | 3 | 1 | 1,012 | $2,275 | 2026-08-20 | — | |
| single_family | 3 | 2 | 1,221 | $2,700 | 2026-04-12 | — | |
| single_family | 3 | 2 | 1,444 | $3,200 | 2026-08-08 | — | |
| single_family | 3 | 2 | 1,378 | $2,800 | — | — | |
| single_family | 3 | 3 | 1,328 | $3,000 | — | — | |
| single_family | 3 | 2 | 1,221 | $3,700 | — | — | |
| single_family | 3 | 1 | 1,162 | $2,499 | 2026-08-19 | — | |
| single_family | 3 | 3 | 1,500 | $2,650 | — | — | |
| single_family | 3 | 2 | 1,444 | $3,200 | — | — | |
| single_family | 3 | 3 | 1,483 | $2,700 | — | — | |
| single_family | 3 | 3 | 1,334 | $2,700 | 2026-08-19 | — | |
| single_family | 3 | 3 | 1,331 | $2,750 | 2026-08-11 | — | |
| single_family | 3 | 3 | 1,331 | $2,900 | 2026-08-11 | — |
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 |
|---|---|---|---|---|---|---|
| 24911 SW 112th Pl | single_family | 3 | 3 | 1,326 | $378,000 | 2026-08-21 |
| 13041 SW 260th Ter | single_family | 3 | 2 | 1,275 | $480,000 | 2026-08-18 |
| 12961 SW 268th St | single_family | 3 | 2 | 1,422 | $575,000 | 2026-08-13 |
| 15280 SW 271st St | single_family | 3 | 2 | 1,274 | $660,000 | 2026-08-11 |
| 27728 SW 132nd Ct | single_family | 3 | 2 | 1,288 | $519,000 | 2026-08-07 |
| 24930 SW 129th Ct | single_family | 3 | 2 | 1,383 | $520,000 | 2026-08-04 |
| 13205 SW 256th St | single_family | 3 | 2 | 1,230 | $560,000 | 2026-07-28 |
| 25216 SW 108th Ct | single_family | 3 | 3 | 1,872 | $470,000 | 2026-07-28 |
| 12860 SW 268th St | single_family | 3 | 2 | 1,740 | $570,000 | 2026-07-27 |
| 12799 SW 257th St | single_family | 3 | 2 | 1,221 | $480,000 | 2026-07-24 |
| 26220 SW 136th Pl | single_family | 3 | 2 | 1,528 | $415,000 | 2026-07-24 |
| 23723 SW 107th Ct | single_family | 3 | 2 | 1,644 | $530,000 | 2026-07-24 |
| 11938 SW 241st St | single_family | 3 | 3 | 1,726 | $600,000 | 2026-07-24 |
| 26063 SW 138th Ct | single_family | 3 | 2 | 1,152 | $330,000 | 2026-07-23 |
| 23552 SW 107th Pl | single_family | 3 | 2 | 1,790 | $547,500 | 2026-07-22 |
| 12972 SW 245th St | single_family | 3 | 1 | 1,118 | $390,000 | 2026-07-22 |
| 25180 SW 119th Ave | single_family | 3 | 2 | 1,684 | $560,000 | 2026-07-21 |
| 10958 SW 247th Ter | single_family | 3 | 3 | 1,459 | $400,000 | 2026-07-17 |
| 23813 SW 108th Ct | single_family | 3 | 2 | 1,903 | $564,000 | 2026-07-13 |
| 12742 SW 265th St | single_family | 3 | 2 | 1,390 | $490,000 | 2026-07-09 |
| 13412 SW 256th Ter | single_family | 3 | 2 | 1,298 | $550,000 | 2026-07-09 |
| 25811 SW 132nd Ave | single_family | 3 | 2 | 1,318 | $530,000 | 2026-07-02 |
| 24105 SW 124th Ave | single_family | 3 | 2 | 2,459 | $975,000 | 2026-07-02 |
| 24401 SW 123rd Ave | single_family | 3 | 2 | 1,945 | $1,000,000 | 2026-07-01 |
| 13453 SW 256th Ter | single_family | 3 | 2 | 1,343 | $550,000 | 2026-07-01 |
| 26801 SW 144th Ct | single_family | 3 | 1 | 1,015 | $455,000 | 2026-07-01 |
| 25051 SW 129th Ct | single_family | 3 | 2 | 1,786 | $286,888 | 2026-06-30 |
| 12381 SW 264th St | single_family | 3 | 2 | 1,334 | $450,000 | 2026-06-30 |
| 12854 SW 263rd Ter | single_family | 3 | 2 | 1,100 | $380,000 | 2026-06-26 |
| 26215 SW 130th Ct | single_family | 3 | 2 | 1,917 | $565,000 | 2026-06-26 |
| 13050 SW 261st Ter | single_family | 3 | 3 | 1,289 | $470,000 | 2026-06-24 |
| 11324 SW 246th Ter | single_family | 3 | 2 | 1,554 | $530,000 | 2026-06-18 |
| 25341 SW 129th Ct Unit 917 | single_family | 3 | 2 | 952 | $70,000 | 2026-06-18 |
| 11837 SW 273rd Ln | single_family | 3 | 2 | 1,459 | $530,000 | 2026-06-15 |
| 13201 SW 276th Ter | single_family | 3 | 2 | 1,120 | $520,000 | 2026-06-15 |
| 24923 SW 127th Pl | single_family | 3 | 2 | 1,197 | $498,000 | 2026-06-12 |
| 13224 SW 253rd Ter | single_family | 3 | 2 | 1,294 | $505,000 | 2026-06-12 |
| 11557 SW 235th St | single_family | 3 | 3 | 2,573 | $570,000 | 2026-06-10 |
| 11866 SW 253rd Ter | single_family | 3 | 2 | 1,684 | $560,000 | 2026-06-05 |
| 13471 SW 278th Ter | single_family | 3 | 2 | 1,438 | $520,000 | 2026-06-05 |
| 11800 SW 272nd Ter | single_family | 3 | 2 | 1,900 | $516,000 | 2026-06-04 |
| 12800 SW 259th St | single_family | 3 | 2 | 1,221 | $500,000 | 2026-06-02 |
| 12848 SW 242nd St | single_family | 3 | 3 | 1,648 | $480,000 | 2026-05-29 |
| 26682 SW 125th Ct | single_family | 3 | 2 | 1,325 | $375,000 | 2026-05-26 |
| 10902 SW 232nd Ter | single_family | 3 | 3 | 1,705 | $445,000 | 2026-05-21 |
| 27607 SW 133rd Pl | single_family | 3 | 2 | 1,570 | $605,000 | 2026-05-21 |
| 27100 SW 144th Ave | single_family | 3 | 1 | 1,281 | $470,000 | 2026-05-18 |
| 13246 SW 276th Ln | single_family | 3 | 2 | 1,157 | $450,000 | 2026-05-15 |
| 12311 SW 264th St | single_family | 3 | 2 | 1,476 | $535,000 | 2026-05-14 |
| 12055 SW 240th St | single_family | 3 | 2 | 1,462 | $1,200,000 | 2026-05-13 |
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 |
|---|---|---|---|---|---|---|
| 15791 SW 276 Ter | townhomes | 3 | 3 | 1,381 | $464,990 | — |
| 12400 SW 248th St Unit 5 | single_family | 3 | 3 | 1,367 | $429,990 | — |
| 12400 SW 248th St Unit 4 | single_family | 3 | 3 | 1,416 | $439,990 | — |
| SW 280th St & 157th Ave | single_family | 3 | 2 | 1,599 | $429,990 | — |
| SW 124th Ave & SW 248th St | townhomes | 3 | 3 | 1,333 | $439,990 | — |
| SW 280th St & 157th Ave | single_family | 3 | 2 | 1,416 | $394,990 | — |
| 15643 SW 280th St Unit 2 | single_family | 3 | 3 | 1,599 | $429,990 | — |
| SW 124th Ave & SW 248th St | townhomes | 3 | 3 | 1,333 | $439,990 | — |
10-year hold projection
IRR4.0%
Equity multiple1.64x
Total return (10yr)$116,178
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $411,897 | $16,791 | -$9,500 | $316,451 | $95,446 |
| 2 | $424,254 | $17,360 | -$8,972 | $312,745 | $111,509 |
| 3 | $436,982 | $17,947 | -$8,426 | $308,783 | $128,198 |
| 4 | $450,091 | $18,554 | -$7,861 | $304,550 | $145,541 |
| 5 | $463,594 | $19,181 | -$7,278 | $300,026 | $163,568 |
| 6 | $477,502 | $19,828 | -$6,676 | $295,191 | $182,311 |
| 7 | $491,827 | $20,496 | -$6,053 | $290,024 | $201,802 |
| 8 | $506,581 | $21,187 | -$5,410 | $284,503 | $222,079 |
| 9 | $521,779 | $21,900 | -$4,745 | $278,602 | $243,177 |
| 10 | $537,432 | $22,636 | -$4,058 | $272,296 | $265,136 |
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.