1543 SE 25th St Unit 204

Homestead, FL 33035 · condos · For Sale · 247 days on market
Asking price$200,000
3 beds 2 baths 1,182 sqft
View on Realtor.com →
Listed by an agent · Horizon Homes Realty
Typecondos
Built2005
Price / sqft$169
Est. value (own analysis)$223,327
Rent estimate (own analysis)$2,000/mo
HOA$328/mo
Wind10/10Extreme$Heat10/10ExtremeFlood9/10extreme$Wildfire3/10ModerateAir2/10Minor
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Neighborhood

Show every detail
Statusfor_sale
Listed date2025-12-29
Removed date
MLSMiamiMLS #A11936322
Coordinates25.44463, -80.45366
Address1543 SE 25th St Unit 204
CityHomestead
StateFL
Zip33035
Listing ID6171026274
Sourceus-real-estate-listings, cached 2026-08-28

ZIP market snapshot (33035)

Typical home value (ZHVI)$331,237
Typical rent (ZORI)$2,328/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$200,000
Down payment (20.0%)$40,000
Loan amount$160,000
Closing costs (5.0%)$10,000
Total cash to close$50,000
Rent (comp-derived)$2,000$24,000
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$24,000
Vacancy rate (assumption) assumption8.0%

$24,000 × 8.0% = $1,920

Effective gross income$1,840$22,080
Property tax (placeholder 1.9% of price)$317$3,800
Insurance (est. scaled by flood & wind risk)$293$3,520
HOA dues$328$3,936
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$100$1,200
Total operating expenses$1,038$12,456
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$22,080
Total operating expenses derived$12,456

$22,080 − $12,456 = $9,624

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$160,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$160,000 amortized at 6.7% over 30 years = $1,028/mo

CapEx reserve (5.0% of GSR)$100$1,200
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$9,624
Annual debt service derived$12,338
Annual CapEx reserve assumption$1,200
Annual PMI assumption$0

($9,624 − $12,338 − $1,200 − $0) ÷ 12 = -$326

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$9,624
Purchase price data$200,000

$9,624 ÷ $200,000 = 4.8%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$3,914
Total cash to close derived$50,000

-$3,914 ÷ $50,000 = -7.8%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$9,624
Annual debt service derived$12,338

$9,624 ÷ $12,338 = 0.78

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$24,000
Purchase price data$200,000

($24,000 ÷ 12) ÷ $200,000 = 1.0%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$200,000
Gross scheduled rent (annual) comp$24,000

$200,000 ÷ $24,000 = 8.3

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$12,456
Effective gross income derived$22,080

$12,456 ÷ $22,080 = 56.4%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$12,456
Annual debt service derived$12,338
Annual PMI assumption$0
Gross scheduled rent (annual) comp$24,000

($12,456 + $12,338 + $0) ÷ $24,000 = 103.3%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
apartment321,302$2,4002026-04-26
condos331,423$1,9142026-03-30
condos321,099$1,8002026-09-02
condos331,509$1,8002026-04-13
apartment321,099$1,8502026-05-22
condos321,076$1,7752026-07-23
condos321,060$1,8502026-07-02
condos331,302$2,0002026-03-21
condos331,452$2,2002026-08-10
condos321,182$1,7902026-06-11
condos321,024$1,8502026-06-23
apartment321,166$2,0002025-02-02
condos331,423$2,0002026-05-30
condos321,076$1,9002026-08-11
condos321,024$2,0002026-05-03
condos321,099$2,1002026-08-20
condos321,182$1,9002026-08-14
condos321,099$2,3002026-06-23
condos321,182$1,9502026-07-17
apartment321,182$1,8002026-06-26
condos321,076$1,9002026-06-02
condos331,545$2,3802026-05-15
condos321,060$1,9002026-07-15
condos321,076$1,9002026-06-18
condos321,182$1,9002026-07-10
condos321,099$2,1752026-08-14
condos321,182$2,0002026-04-14
condos321,166$2,0002026-08-07
condos321,024$2,0002026-08-10
condos321,060$1,9002026-06-29
condos321,166$2,0502026-07-13
condos321,060$2,0002026-07-10
condos321,182$2,0002026-06-27
condos321,076$2,0002026-04-24
condos321,182$2,3002026-08-05
condos321,166$2,0002026-08-03
condos321,220$2,2002026-03-12
condos321,166$2,3002026-08-04
condos321,166$2,2002026-06-08
condos321,076$2,6002026-06-24
condos321,125$2,4002026-05-20
apartment331,387$2,394
apartment331,387$2,394
apartment331,501$2,444
apartment331,501$2,498
apartment331,501$2,498
apartment331,501$2,461
apartment331,387$2,394
apartment331,501$2,444
apartment331,387$2,343
apartment331,387$2,394
condos331,328$2,5002026-03-16
condos321,076$2,0002026-08-31
condos321,099$2,1002026-08-31
condos321,099$2,2002026-08-31
condos331,423$2,0002026-09-01

1158 SE 23rd Ave

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,302
Listed2026-04-26
Days on market

Asking rent: $2,400

View on Zillow →

1586 SE 27th Ct Unit 178

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,423
Listed2026-03-30
Days on market

Asking rent: $1,914

View on Zillow →

1240 SE 31st Ct Unit 106-32

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,099
Listed2026-09-02
Days on market

Asking rent: $1,800

View on Zillow →

1635 SE 31st Ct Unit 1635

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,509
Listed2026-04-13
Days on market

Asking rent: $1,800

View on Zillow →

1271 SE 27th St Unit 101

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,099
Listed2026-05-22
Days on market

Asking rent: $1,850

View on Zillow →

1535 SE 26th St Unit 200

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,076
Listed2026-07-23
Days on market

Asking rent: $1,775

View on Zillow →

1656 SE 29th Ct Unit 100

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,060
Listed2026-07-02
Days on market

Asking rent: $1,850

View on Zillow →

2874 SE 15th Rd Unit 52

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,302
Listed2026-03-21
Days on market

Asking rent: $2,000

View on Zillow →

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,452
Listed2026-08-10
Days on market

Asking rent: $2,200

View on Zillow →

1658 SE 28th Ct Unit 201

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,182
Listed2026-06-11
Days on market

Asking rent: $1,790

View on Zillow →

1261 SE 27th St Unit 201

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,024
Listed2026-06-23
Days on market

Asking rent: $1,850

View on Zillow →

1656 SE 29th Ct Unit 102

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,166
Listed2025-02-02
Days on market

Asking rent: $2,000

View on Zillow →

1528 SE 24th Ct Unit 209

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,423
Listed2026-05-30
Days on market

Asking rent: $2,000

View on Zillow →

1652 SE 28th St Unit 200

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,076
Listed2026-08-11
Days on market

Asking rent: $1,900

View on Zillow →

1300 SE 31st Ct Unit 201-36

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,024
Listed2026-05-03
Days on market

Asking rent: $2,000

View on Zillow →

1250 SE 26th St Unit 101

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,099
Listed2026-08-20
Days on market

Asking rent: $2,100

View on Zillow →

1662 SE 27th Dr Unit 208

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,182
Listed2026-08-14
Days on market

Asking rent: $1,900

View on Zillow →

2931 SE 12th Rd Unit 106-55

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,099
Listed2026-06-23
Days on market

Asking rent: $2,300

View on Zillow →

1568 SE 26th St Unit 204

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,182
Listed2026-07-17
Days on market

Asking rent: $1,950

View on Zillow →

1661 SE 28th St Unit 202

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,182
Listed2026-06-26
Days on market

Asking rent: $1,800

View on Zillow →

1661 SE 29th Ct Unit 209

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,076
Listed2026-06-02
Days on market

Asking rent: $1,900

View on Zillow →

2628 SE 19th St Unit 2628

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,545
Listed2026-05-15
Days on market

Asking rent: $2,380

View on Zillow →

2900 SE 17th Ave Unit 100

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,060
Listed2026-07-15
Days on market

Asking rent: $1,900

View on Zillow →

2460 SE 16th Ter Unit 200

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,076
Listed2026-06-18
Days on market

Asking rent: $1,900

View on Zillow →

1661 SE 29th Ct Unit 202

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,182
Listed2026-07-10
Days on market

Asking rent: $1,900

View on Zillow →

1261 SE 27th St Unit 101

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,099
Listed2026-08-14
Days on market

Asking rent: $2,175

View on Zillow →

2731 SE 17th Ave Unit 201

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,182
Listed2026-04-14
Days on market

Asking rent: $2,000

View on Zillow →

1535 SE 26th St Unit 104

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,166
Listed2026-08-07
Days on market

Asking rent: $2,000

View on Zillow →

2721 SE 12th Pl Unit 206

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,024
Listed2026-08-10
Days on market

Asking rent: $2,000

View on Zillow →

1660 SE 29th St Unit 109

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,060
Listed2026-06-29
Days on market

Asking rent: $1,900

View on Zillow →

2925 SE 16th Ave Unit 102

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,166
Listed2026-07-13
Days on market

Asking rent: $2,050

View on Zillow →

2460 SE 16th Ter Unit 100

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,060
Listed2026-07-10
Days on market

Asking rent: $2,000

View on Zillow →

1663 SE 27th Dr Unit 207

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,182
Listed2026-06-27
Days on market

Asking rent: $2,000

View on Zillow →

2903 SE 17th Ave Unit 211

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,076
Listed2026-04-24
Days on market

Asking rent: $2,000

View on Zillow →

2811 SE 17th Ave Unit 206

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,182
Listed2026-08-05
Days on market

Asking rent: $2,300

View on Zillow →

2903 SE 17th Ave Unit 110

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,166
Listed2026-08-03
Days on market

Asking rent: $2,000

View on Zillow →

2525 SE 19th Pl Unit 105B

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,220
Listed2026-03-12
Days on market

Asking rent: $2,200

View on Zillow →

2903 SE 17th Ave Unit 206

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,166
Listed2026-08-04
Days on market

Asking rent: $2,300

View on Zillow →

1663 SE 27th Dr Unit 108

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,166
Listed2026-06-08
Days on market

Asking rent: $2,200

View on Zillow →

1536 SE 25th St Unit 207

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,076
Listed2026-06-24
Days on market

Asking rent: $2,600

View on Zillow →

1408 San Remo Cir

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,125
Listed2026-05-20
Days on market

Asking rent: $2,400

View on Zillow →

1140 SE 24th Rd # 57-1048

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,387
Listed
Days on market

Asking rent: $2,394

View on Zillow →

1140 SE 24th Rd # 18-2372

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,387
Listed
Days on market

Asking rent: $2,394

View on Zillow →

1140 SE 24th Rd # 62-1163

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,501
Listed
Days on market

Asking rent: $2,444

View on Zillow →

1140 SE 24th Rd # 37-1149

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,501
Listed
Days on market

Asking rent: $2,498

View on Zillow →

1140 SE 24th Rd # 37-1179

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,501
Listed
Days on market

Asking rent: $2,498

View on Zillow →

1140 SE 24th Rd # 18-2374

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,501
Listed
Days on market

Asking rent: $2,461

View on Zillow →

1140 SE 24th Rd # 63-1211

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,387
Listed
Days on market

Asking rent: $2,394

View on Zillow →

1140 SE 24th Rd # 86-2497

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,501
Listed
Days on market

Asking rent: $2,444

View on Zillow →

1140 SE 24th Rd # 83-2531

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,387
Listed
Days on market

Asking rent: $2,343

View on Zillow →

1140 SE 24th Rd # 67-2508

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,387
Listed
Days on market

Asking rent: $2,394

View on Zillow →

2650 SE 29th St Unit 2810

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,328
Listed2026-03-16
Days on market

Asking rent: $2,500

View on Zillow →

1660 SE 29th St Unit 200

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,076
Listed2026-08-31
Days on market

Asking rent: $2,000

View on Zillow →

2900 SE 12th Rd Unit 101-28

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,099
Listed2026-08-31
Days on market

Asking rent: $2,100

View on Zillow →

2901 SE 13th Rd Unit 106-41

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,099
Listed2026-08-31
Days on market

Asking rent: $2,200

View on Zillow →

2628 SE 14th Ave Unit 308

Homestead, 33035 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,423
Listed2026-09-01
Days on market

Asking rent: $2,000

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
2359 SE 23rd Dr Unit 2359condos331,458$200,0002026-08-28
2826 SE 16th Pl Unit 103condos321,060$174,0002026-08-14
1301 SE 28th Ln Unit 206-42condos321,024$199,9002026-08-12
2324 SE 23rd Rd Unit 2324condos331,519$205,0002026-08-03
2551 SE 16th Ter Unit 101condos321,166$227,0002026-07-31
2911 SE 13th Ave Unit 101-49condos321,099$218,0002026-07-09
1905 San Remo Circondo_townhome_rowhome_coop321,125$320,0002026-04-28
1658 SE 28th Ct Unit 200condos321,076$205,0002026-04-24
1658 SE 28th Ct Unit 101condos321,166$210,0002026-04-15
1251 SE 29th St Unit 201-26condos321,024$195,0002026-03-30
2049 SE 26th Ln Unit 106condos321,220$195,0002026-01-08
1652 SE 28th St Unit 205condos321,076$239,0002025-12-12
2903 SE 17th Ave Unit 102condos321,166$232,5002025-12-11
1662 SE 27th Dr Unit 202condos321,182$185,0002025-12-05
1270 SE 31st Ct Unit 101-35condos321,099$206,0002025-11-24
2503 SE 19th Pl Unit 102Acondos321,220$210,0002025-11-10

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
2455 SE 23rd Rdsingle_family322,161$569,990
2455 SE 23rd Roadsingle_family321,334$414,990
2455 SE 23rd Roadsingle_family321,828$458,990
2455 SE 23rd Roadsingle_family321,668$397,990
Palm Dr & 167th Avtownhomes321,651$444,990
2815 SE 16th Ave Unit 102condos321,166$189,000
1651 SE 31st Cttownhomes331,518$305,000
1461 SE 26th Rdtownhomes331,393$309,900

10-year hold projection

IRR5.4%
Equity multiple1.86x
Total return (10yr)$69,346
YearProperty valueNOICash flowLoan balanceEquity
1$206,000$9,624-$3,914$158,265$47,735
2$212,180$9,975-$3,593$156,411$55,769
3$218,545$10,338-$3,261$154,430$64,115
4$225,102$10,714-$2,917$152,313$72,789
5$231,855$11,102-$2,561$150,050$81,804
6$238,810$11,504-$2,192$147,633$91,178
7$245,975$11,920-$1,811$145,049$100,926
8$253,354$12,349-$1,415$142,287$111,067
9$260,955$12,794-$1,007$139,336$121,619
10$268,783$13,254-$583$136,182$132,601
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.