60 SE 6th Rd

Homestead, FL 33030 · townhomes · For Sale · 341 days on market
Asking price$335,000
3 beds 3 baths 1,587 sqft
View on Realtor.com →
Listed by Emilio Andraus · United Realty Group Inc
Typetownhomes
Built2004
Price / sqft$211
Est. value (own analysis)$366,231
Rent estimate (own analysis)$2,250/mo
HOA$150/mo
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Neighborhood

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Statusfor_sale
Listed date2025-09-27
Removed date
MLSMiamiMLS #A11884667
Coordinates25.46911, -80.46875
Address60 SE 6th Rd
CityHomestead
StateFL
Zip33030
Listing ID6195646742
Sourceus-real-estate-listings, cached 2026-08-28

ZIP market snapshot (33030)

Typical home value (ZHVI)$521,479
Typical rent (ZORI)$2,465/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$335,000
Down payment (20.0%)$67,000
Loan amount$268,000
Closing costs (5.0%)$16,750
Total cash to close$83,750
Rent (comp-derived)$2,250$27,000
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$27,000
Vacancy rate (assumption) assumption8.0%

$27,000 × 8.0% = $2,160

Effective gross income$2,070$24,840
Property tax (placeholder 1.9% of price)$530$6,365
Insurance (placeholder 0.8% of price)$223$2,680
HOA dues$150$1,800
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$113$1,350
Total operating expenses$1,016$12,195
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$24,840
Total operating expenses derived$12,195

$24,840 − $12,195 = $12,645

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$268,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$268,000 amortized at 6.7% over 30 years = $1,722/mo

CapEx reserve (5.0% of GSR)$113$1,350
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$12,645
Annual debt service derived$20,667
Annual CapEx reserve assumption$1,350
Annual PMI assumption$0

($12,645 − $20,667 − $1,350 − $0) ÷ 12 = -$781

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$12,645
Purchase price data$335,000

$12,645 ÷ $335,000 = 3.8%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$9,372
Total cash to close derived$83,750

-$9,372 ÷ $83,750 = -11.2%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$12,645
Annual debt service derived$20,667

$12,645 ÷ $20,667 = 0.61

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$27,000
Purchase price data$335,000

($27,000 ÷ 12) ÷ $335,000 = 0.7%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$335,000
Gross scheduled rent (annual) comp$27,000

$335,000 ÷ $27,000 = 12.4

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$12,195
Effective gross income derived$24,840

$12,195 ÷ $24,840 = 49.1%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$12,195
Annual debt service derived$20,667
Annual PMI assumption$0
Gross scheduled rent (annual) comp$27,000

($12,195 + $20,667 + $0) ÷ $27,000 = 121.7%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
townhomes321,232$1,9902026-08-28
townhomes321,115$2,4002026-08-26
townhomes331,587$2,3002026-07-15
townhomes321,167$2,2002026-08-10

58 SW 14th Ter

Homestead, 33030 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,232
Listed2026-08-28
Days on market

Asking rent: $1,990

View on Zillow →

1508 SW 2nd St Unit 1508

Homestead, 33030 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,115
Listed2026-08-26
Days on market

Asking rent: $2,400

View on Zillow →

730 SE 2nd St Unit 0

Homestead, 33030 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,587
Listed2026-07-15
Days on market

Asking rent: $2,300

View on Zillow →

271 NE 12th Ave Unit 271

Homestead, 33030 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,167
Listed2026-08-10
Days on market

Asking rent: $2,200

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
761 SE 2nd Sttownhomes331,378$318,0002026-08-11
64 SW 15th Tertownhomes321,189$340,0002026-08-03
136 SW 15th Rdtownhomes321,115$200,0002026-07-20

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
SW 312 St & 187th Avesingle_family321,813$504,990
18840 SW 314th Stsingle_family331,813$510,365
18876 SW 314th Stsingle_family331,670$504,215
SW 312 St & 187th Avesingle_family321,670$493,990
31 NW 10th St Unit 1105condos331,209$1,461,500
30221 SW 173rd Avesingle_family321,302$546,000
948 NW 9th Ctsingle_family321,858$463,000
655 SW 5th Stsingle_family321,120$375,000

10-year hold projection

IRR2.8%
Equity multiple1.45x
Total return (10yr)$81,452
YearProperty valueNOICash flowLoan balanceEquity
1$345,050$12,645-$9,372$265,094$79,956
2$355,402$13,085-$8,965$261,989$93,412
3$366,064$13,540-$8,545$258,671$107,393
4$377,045$14,011-$8,110$255,124$121,921
5$388,357$14,497-$7,660$251,334$137,023
6$400,008$14,999-$7,195$247,284$152,723
7$412,008$15,518-$6,715$242,956$169,052
8$424,368$16,054-$6,218$238,330$186,038
9$437,099$16,608-$5,704$233,387$203,712
10$450,212$17,181-$5,172$228,105$222,107
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.